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» WELCOME MANGALA
by kovida Yesterday at 11:24 pm

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» Reson behind PCHH.N
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» KZOO ANY IDEA OF THE PRICE BEFORE RIGHTS?
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» Isn't Mackwood Energy Limited a gem
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» Teejay Jersey Lanka PLC - Depreciated Rupee had a very positive impact
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» Sell your shares..market can be dropped
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» LOFC Chart 28.04.2017 (weekly chart)
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» SFIN _DIVDEND
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» KEEP EYE ON TESS
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» KUMATA MERATA ADIKANANAYA POLISIYA HA WINISURAN ?
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» HVA - HVA FOODS PLC
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» Sri Lanka: Mangala Samaraweera to be appointed as the Finance Minister today
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» HSIG enjoy
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» SERA, Seen eka
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» NIFL VS TFIL WHO RUN THE SHOW?
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» What is happening to MEL
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» COCR and ASI
by Harry82 Yesterday at 9:11 am

» NEXT WEEK RUNNING SHARES
by Harry82 Yesterday at 8:50 am

» LETS HOPE FINANCE MINISTER WILL CHANGE
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» People's Leasing Company
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» AFSL update...
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» Finance Minister Change
by DS Wijesinghe Yesterday at 6:23 am

» TESS Share Quantity annalise of the last 07 days
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» WATA next target
by Yahapalanaya Yesterday at 4:21 am

» KHC Vs CFT
by sameboy Sat May 20, 2017 10:50 pm

» At least 30 % return within 30 days
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» NIFL RACE FINISH
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» VFIN target price -- Rs 80.00 within 2 months
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» AINV A logical choice for now!
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» GRAN @ 65 Technically
by anges Sat May 20, 2017 1:27 am

» GOOD to Collect
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» LLMP good price.
by prabath Fri May 19, 2017 7:49 pm

» NIFL RACE FINISH
by sanjeewa1234 Fri May 19, 2017 5:08 pm

» kZOO why Drop
by sanjeewa1234 Fri May 19, 2017 5:07 pm

» FLCH WILL HIT 3.50
by Winner123 Fri May 19, 2017 4:06 pm

» When will be the AINV right issue ?
by Neluka Karannagoda Fri May 19, 2017 2:34 pm

» Sri Lanka: Net foreign inflow into Sri Lankan equities top Rs. 7.71 billion year to date
by worthiness Fri May 19, 2017 1:21 pm

» password request
by fortuneteller Fri May 19, 2017 1:16 pm

» RICH RICH RICH
by dow Fri May 19, 2017 11:55 am

» ABANS Unfair Offer Price
by fortuneteller Fri May 19, 2017 11:52 am

» Penny fiesta
by prabath Fri May 19, 2017 11:13 am

» VFIN.. is a Gem
by Harry82 Fri May 19, 2017 7:13 am

» GRAN Future
by DS Wijesinghe Fri May 19, 2017 5:54 am

» BLI for june
by fireshelter Fri May 19, 2017 12:52 am

» WHY GSP PLUS SHARES ARE COMING DOWN?
by reyaz Thu May 18, 2017 11:15 pm

» Why COCO still silent
by Teller Thu May 18, 2017 11:07 pm

» Wait there will be a chance to collect
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» HEXP annual EPS Rs.33.41 and NAVPS is Rs.92.17
by worthiness Thu May 18, 2017 1:37 pm

» HEXP, WHAT IS BEHIND THE SCREEN
by Miss-Sangeetha Thu May 18, 2017 11:23 am

» TESS AGRO PLC
by MRBRAVO Thu May 18, 2017 8:42 am

» VONE.N0000 HOT SHOT .DON'T HESITATE
by The Hunter Thu May 18, 2017 8:28 am

» MALWATTE PLANTATIONS DONE WELL
by Yahapalanaya Thu May 18, 2017 3:05 am

» UDPL & BALA Future... Price
by Ran49 Wed May 17, 2017 10:34 pm

» BLI's wife - BFN
by Maharaja Wed May 17, 2017 9:26 pm

» NIFL TRADING PRICE
by sanjeewa1234 Wed May 17, 2017 8:49 pm

» KZOO BEST PRICE
by sanjeewa1234 Wed May 17, 2017 8:47 pm

» ASI will reach to it's ever high due to all the positive economic achievements ....
by worthiness Wed May 17, 2017 8:18 pm

» Teejay ends Q3 with a revenue growth of 33-pct despite challenges
by kumarweerarathne Wed May 17, 2017 5:49 pm

» Good Interim Results for Plantation
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» MPORTANT ANNOUNCEMENT REGARDING DATA ON CSE WEBSITE
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» HEXP will hit 100/= rs.
by Vacations To Sri Lanka Wed May 17, 2017 1:48 pm

» MEGA BULL MARKET AHEAD
by nirowat Wed May 17, 2017 1:45 pm

» HEXP will hit with the Financial report ?
by worthiness Wed May 17, 2017 1:41 pm

» CSF.N0000 any idea
by podda2 Wed May 17, 2017 12:37 pm

» Today BOGA....
by podda2 Wed May 17, 2017 12:18 pm

» MGT.N 20+ GSP++ BOOM BOOM
by D.G.Dayaratne Wed May 17, 2017 11:44 am

» Sell Poultry stocks....
by kcrRanz Wed May 17, 2017 10:42 am

» GRAN.N000 Below 65/=
by kcrRanz Wed May 17, 2017 10:37 am

» චීන - ලංකා නිදහස් වෙළඳ ගිවිසුම මේ වසරේ දී
by kcrRanz Wed May 17, 2017 10:07 am

» BPPL Moving on
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» GSP+ හරහා වාර්ෂිකව යූරෝ මිලියන 300 ක්
by kcrRanz Wed May 17, 2017 10:05 am

» HEXP NAVPS - 91/= EPS - 32/= . Any dividend ?
by kcrRanz Wed May 17, 2017 9:56 am

» GSP+ be effected from May 19.
by worthiness Wed May 17, 2017 9:39 am

» Is it ? What's your comments?
by PrasannaMani Wed May 17, 2017 8:54 am

» Very Soon ,Very Soon....LCEM
by sureshot Wed May 17, 2017 5:35 am

» FLCH Browns Capital
by Yahapalanaya Wed May 17, 2017 4:04 am

» MGT.N000 Strong buying ......
by makoo Tue May 16, 2017 10:31 pm

» NIFL journey
by Top Trader Tue May 16, 2017 8:46 pm

» We Lease BG/SBLC/DLC/LC/MTN 100% Protected
by rgzlease101 Tue May 16, 2017 5:38 pm

» The US $ 1.5 Billion Or Rs. 231 Billion Mega ‘Growth Scam’ In Sri Lanka Committed By 2016 "Good Governance' Government - Is It Equal to the amount Yahapalanaya is receiving from IMF?
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» NOW LOOK FOR PAP
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» LIOC may earn the 2nd best profit in 2016/17
by D.G.Dayaratne Tue May 16, 2017 12:23 pm

» European Commission decision to grant GSP+ to #SriLanka
by kcrRanz Tue May 16, 2017 11:40 am

» Sri Lanka drops capital gains on shares, real estate targeted
by Maharaja Tue May 16, 2017 7:34 am

» http://biz.adaderana.lk/ආයෝජන-සඳහා-බදු-සහන-වැඩපිළ/
by sisira.wijeweera Mon May 15, 2017 10:49 pm

» GSP today.......
by kumarweerarathne Mon May 15, 2017 10:03 pm

» Warren Buffett predicts WannaCry
by Quibit Mon May 15, 2017 9:35 pm

» DIPP moving ....Dividend on the way
by Udara Rangana Mon May 15, 2017 8:38 pm

» Why AINV not move ?
by Eugine Fernando Mon May 15, 2017 4:29 pm

» James Taylor - Tea pioneer of Ceylon
by Quibit Mon May 15, 2017 3:13 pm

» Sri Lanka to give enhanced depreciation to boost investments: Ravi
by Quibit Mon May 15, 2017 3:10 pm

» “China and Sri Lanka are inseparably linked nations’ - Chinese academic
by Quibit Mon May 15, 2017 3:01 pm

» IMF Loan Sure - ASI 7000+
by worthiness Mon May 15, 2017 12:50 pm

» SFS going up...
by worthiness Mon May 15, 2017 12:28 pm

» HVA.N0000 .......................
by kcrRanz Mon May 15, 2017 11:29 am

ASI will reach to it's ever high due to all the positive economic achievements ....

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ASI will reach to it's ever high due to all the positive economic achievements ....

Post by kcrRanz on Tue May 02, 2017 4:15 am

>Ravi K predicts foreign reserves will reach $ 10 b by end 2017 - 

>GSP+ Will regain within 2 weeks

>Foreign inflow through out the period 

>Hambanthota port deal

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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by samaritan on Tue May 02, 2017 8:33 am

With all the mega plans and GSP+++ the ASI is sure to break 8500 mark, even 10,000 cannot be ruled out.
Multiple Foreign collaborations are in the pipe line.
Now or NEVER! 
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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by Lucky Gamage on Tue May 02, 2017 12:53 pm

Razz Razz Razz Razz Razz Razz Razz
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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by Vacations To Sri Lanka on Sun May 07, 2017 12:49 pm

http://www.ft.lk/article/613512/Govt--concludes---1-5-b--10-year-Sovereign-Bond-with-big-success


Govt. concludes $ 1.5 b 10 year Sovereign Bond with big success - See more at: http://www.ft.lk/article/613512/Govt--concludes---1-5-b--10-year-Sovereign-Bond-with-big-success#sthash.23Nr7itV.dpuf
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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by D.G.Dayaratne on Sun May 07, 2017 2:22 pm

But present picture of this forum shows negative sentiments

I can't understand why admin has changed picture of nice lady to dangerous beast

after indicators begun show upward

This shows not only some members other big people also negative minded

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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by stockback on Sun May 07, 2017 2:25 pm

@D.G.Dayaratne wrote:But present picture of this forum shows negative sentiments

I can't understand why admin has changed picture of nice lady to dangerous beast

after indicators begun show upward

This shows not only some members other big people also negative minded


they are waiting to break 6700 level. then officially Bull trend.

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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by nimantha80 on Sun May 07, 2017 2:33 pm

@stockback wrote:
@D.G.Dayaratne wrote:But present picture of this forum shows negative sentiments

I can't understand why admin has changed picture of nice lady to dangerous beast

after indicators begun show upward

This shows not only some members other big people also negative minded


they are waiting to break 6700 level. then officially Bull trend.
Resistance can be broken at will.There's lot of options for that.Matter of pressing keyboard buttons.

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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by worthiness on Sun May 07, 2017 4:00 pm

At this stage the government should focus on tight fiscal management until the pressure on low reserves level is over. Wastage, corruptions are to be minimized while promoting export oriented programs. 
Nonetheless, opposition support to come out of this critical occasion is vitally necessary to build up the economy where capital market irresistibly booms.

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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by Vacations To Sri Lanka on Mon May 08, 2017 3:45 am

ADB doubles lending to SL






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Comments /  74 Views / Monday, 8 May 2017 01:32
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Finance Minister Ravi Karunanayake captured by an AFP photographer perhaps answering an important call just before Finance Ministers from Asia gathered to take a group photo at the opening of the Asian Development Bank’s 50th Annual Meeting in Yokohama on Saturday

  • Support commitment increased from $ 400 m to record $ 800 m
  • Commends SL for high-quality infrastructure
  • $ 1 b railway master plan to commence work next year
  • Urges more FDI, exports

[size][size]
Charumini de Silva reporting from Yokohama, Japan
As promised by Asian Development Bank (ADB) President Takehiko Nakao during his visit to Sri Lanka last year, the bank yesterday confirmed that it has doubled its lending capacity to $ 800 million this year.

“Sri Lanka’s annual allocation was around $ 400 million per year and this year it has been increased to $ 800 million. We have just doubled the lending. This is the highest we have allocated to the country,” ADB South Asia Department Director General Hun Kim said at a media briefing held on the sidelines of the 50th ADB Annual Meeting in Yokohama, Japan.

As far as infrastructure development was concerned, he said that Sri Lanka was a good example of high-quality infrastructure in the South Asian region, saying it was time that the country scaled up to advanced infrastructure development projects.

“Sri Lanka already has quality infrastructure, it just needs to have advanced infrastructure, which could fast-track the next phase of development of the economy,” he added.

However, he pointed out that transportation remained a key challenge in Sri Lanka’s development process, asserting that ADB was currently collaborating with the Sri Lankan Government on developing a railway master plan, which is scheduled to commence next year with a funding facility of over $ 1 billion.

“As an infrastructure development bank, ADB is more into bigger and national level development in the country. The first phase of the railway master plan will be around $ 300 million, which will commence next year,” he added.  

While commending Sri Lanka for its efforts in power generation, he said that there are concerns over the stability of power in the long term, and that ADB was keen on supporting Sri Lanka on renewable energy projects in the future.

“Depending on the project readiness, ADB is ready to fund infrastructure development in Sri Lanka,” he said, adding that Sri Lanka was one of the countries which had benefited the most and was the fastest to receive funds from ADB.

Stating that foreign direct investment (FDI) was a key driver of growth in South East Asia, Kim said that Sri Lanka has the scope to attract more FDIs.

“Except India, FDIs in other countries in South Asia are low. FDI and exports are two areas where Sri Lanka has an opportunity to gather faster economic growth,” he stated.  

He also said that the bank was involved in major development projects in Sri Lanka, including the flagship project the Western Region Megapolis, Trincomalee industrial development program and Colombo Port East Container Terminal advisory services.

In addition, he said that ADB has commenced a rural road development program worth $ 1 billion, which will help Sri Lanka to connect every small village. ADB is also working on capital market development to mobilise more funds towards the economy.
 

[size=30]Ravi K urges ADB to offer low-cost guarantees to developing nations Ringing revenue![/size]

Considering the huge demand for low-cost financial resources for infrastructure development in Asia, Finance Minister Ravi Karunanayake yesterday urged the Asian Development Bank (ADB) to offer low-cost guarantees to help developing member countries to mobilise accumulated financial resources from wealthy nations.

Speaking at a business session with governors at the 50th ADB Annual Meeting in Yokohama, Japan, he pointed out that untapped financial resources in the Eurozone and other countries where very low interest rate regimes were prevailing could be effectively mobilised to develop infrastructure in middle-income countries which can offer attractive margins if acceptable risk minimisation instruments such as low-cost guarantees were available. While appreciating the outstanding contributions of the ADB with reference to the country partnership strategies and country operations business plans over the past 50 years, Karunanayake said it has resulted in tremendous dividends over the years.

“Sri Lanka’s economy has shown tremendous resilience in the past, countering many adverse situations and our strategy to improve growth and dilute the debt servicing cost will ensure a noteworthy contribution towards the expected evolution of the Asia and Pacific region,” he added.

He said a meagre 12% global GDP in Asia during the period of the inception of the ADB, swelling to almost one-third as at present and this century, could showcase the realisation of the projected 50% of the global GDP, heralding the dawn of an era of Asian economic domination.

 “We will synergise with ADB in the noble effort to eradicate poverty from Sri Lanka,” he noted.

Highlighting the economic performance of Sri Lanka, he asserted that it recorded somewhat retarded growth last year due to adverse weather conditions, but the economy was now recovering to reach the envisaged economic objectives enumerated in the 2017 budgetary proposals.

[size=30]ADB Chief meets Ravi K; reiterates support [/size]


Finance Minister Ravi Karunanayake addresses the ADB Annual Meeting  business session 
Finance Minister Ravi Karunanayake yesterday confirmed that the Asian Development Bank (ADB) was upbeat about Sri Lanka’s economic reforms and assured further support, especially in fast-tracking disbursements to expedite development.

“The ADB President was quite impressed with the progress we have made over the past two years. He extended their commitment and support further. The most important factor is that the disbursement has been made quicker, decision-making more effective and a sense of transparency has increased,” Karunanayake told the Daily FT after meeting the ADB President in Yokohama on the sidelines of the Annual Meeting. 

Having said that, the Minister admitted that there were a few other areas that needed further improvement such as the Mahaweli Project.

“There was a delay in making some decisions over Mahaweli Section B, which is a water project. We will address this soon,” Karunanayake added.

He said that ADB also requested to help Sri Lanka as a knowledge bank.

“We requested them to communicate their know-how so that we don’t want to reinvent the wheel all over,” Finance Minister added.

In addition, on behalf of all member countries, the Minister has proposed that wealthy countries share their wealth with needy countries like Sri Lanka which could borrow it at a lower cost.

The Minister also said the ADB President has expressed his interest in visiting Sri Lanka in August or September this year.
 
 
 
 
 
 
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- See more at: http://www.ft.lk/article/613831/ADB-doubles-lending-to-SL#sthash.oL4eSBKg.dpuf
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Vacations To Sri Lanka
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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by D.G.Dayaratne on Wed May 17, 2017 4:45 pm

Most of funds received From ADB had been misused during previous govt s For example Skills Development Protects from 2003

 high Officers Govt Treasury is manly responsible for this

they teach ministers to how to make money from ADB  projects

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Re: ASI will reach to it's ever high due to all the positive economic achievements ....

Post by worthiness on Wed May 17, 2017 8:18 pm

The right & power to interpret & apply the law vested at the hands of top people in past & current regime. As long as such loopholes are intentionally shielded misusing of national wealth smoothly prolongs.

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