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Sri Lanka Equity Forum » Stock Market Talk » WELCOME MANGALA

WELCOME MANGALA

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1 WELCOME MANGALA on Mon May 22, 2017 10:11 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Mangala did excellant job whichever assigned to him.He made good name for Srilanka in the world.He even rescued Alibaba from electric chair.GSP+,fishing ban removal in Europe,good relations with china,india,europe,US,etc.Wel done Mangala


We investors realy need your service particularly in CSE as well...

we wholehearly Welcome you.

cheers cheers cheers



Last edited by Yahapalanaya on Mon May 22, 2017 10:38 pm; edited 1 time in total

2 Re: WELCOME MANGALA on Mon May 22, 2017 10:27 pm

sisira.wijeweera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Yahapalanaya wrote:Mangala did excellant job whichever assigned to him.He made good name for Srilanka in the world.He even rescued Alibaba from electric chair.GSP+,fishing ban removal in Europe,good relations with china,india,europe,US,etc.Wel done Mangala


We investors realy need your service particularly in CSE as well...

we wholehearly Welcome you.

cheers cheers cheers

bounce

3 Re: WELCOME MANGALA on Mon May 22, 2017 11:24 pm

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
Yahapalana governmet took over an economy which was ruined from 1994 .  This was accelarated under MR regime . Corruption, Robbing was the norm of the day under them . Foundation for turning the economy was done by R.K and Mangala has to continue from that point onward . Turning of country's economy has been clearly understood by foreign Fund Managers well in advance while upside down so called experts in this forum were keep on blaming MS and RW . See the collection of our valuble shares by them . Still you not too late.

We say thank you Ravi and wormly welcom Mangala.

4 Re: WELCOME MANGALA on Tue May 23, 2017 5:13 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
By Chandeepa Wettasinghe The appointment of Mangala Samaraweera as the country’s Finance Minister yesterday drew positive responses from the private sector, which insisted that he should continue the reform process that has already been set in motion.  “At a time when we were starving for positive news, we view his appointment positively and we wish him very well. Our key expectations are for policy continuity as well as vigour in implementing policies,” Ceylon Chamber of Commerce Chairman Samantha Ranatunga said. Samaraweera in his Twitter accounts said he was deeply humbled by the trust place on him by President Sirisena and Prime Minister Wickremesinghe in creating “a robust flourishing and modern economy”. Most investors have been complaining about Sri Lanka’s policy consistency, which has become a victim of party politics in the unity government—a scenario that contributed to foreign direct investments in 2016 slumping by 34.4 percent year-on-year to US $ 445 million. Meanwhile, Colombo Stockbrokers’ Association President Ravi Abeysuriya too shared sentiments similar to that of Ranatunga. “We are very hopeful and positive that things will be better. We are looking forward to a consistent policy framework and implementing the policy reforms that have already been announced,” he said. Abeysuriya noted that some desirable reforms have been communicated by former Finance Minister Ravi Karunanayake recently, including through the 2017 budget. The government is attempting to broad base the income taxation and liberalize the foreign exchange regime—two key reforms Karunanayake was attempting to push through—although his approach to foreign exchange reforms without widespread stakeholder engagement drew criticism last month. Karunanayake saw some success in improving the government’s revenue to gross domestic product (GDP) ratio up to 14.9 percent from the 11.5 percent level that prevailed when former President Mahinda Rajapaksa was the Finance Minister. But improved government finances came at a considerable political cost, as the higher indirect taxes slapped on people through the increase of value-added tax drew massive public discontent.  Meanwhile, several political observers noted that the future policy direction from the Finance Ministry would depend on who Samaraweera selects as his deputy, since the minister is believed to have limited experience on the subject. Ranatunga noted that Samaraweera has able department heads and ministry advisors at his service as well. It is not yet clear which government departments, agencies and enterprises will fall under Samaraweera, who enjoys relatively an untainted reputation. Speculation is rife that several gazette notifications are due over the responsibilities of some of the reshuffled ministers.  Samaraweera was an effective Foreign Minister, who attempted to reconcile the nation and gave Sri Lanka breathing space at the United Nations Human Rights Commission. He was also instrumental in Sri Lanka regaining the GSP Plus trade concession from the European Union.  Karunanayake, who held the Finance portfolio till yesterday, brought the country’s budget deficit down to 4.4 percent of GDP in 2016 from 7.4 percent in the previous year though higher taxes, better tax collection and expenditure cuts. - See more at: http://www.dailymirror.lk/article/Private-sector-views-Mangala-s-appointment-in-positive-light--129399.html#sthash.L2c1cvgX.dpuf

5 Re: WELCOME MANGALA on Tue May 23, 2017 6:59 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
What happened to our best  finance minister who won awards and highly recognized by international magazines ,funds ?

6 Re: WELCOME MANGALA on Tue May 23, 2017 7:22 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Colombo Stockbrokers’ Association President Ravi Abeysuriya too shared sentiments similar to that of Ranatunga. “We are very hopeful and positive that things will be better. We are looking forward to a consistent policy framework and implementing the policy reforms that have already been announced,” he said. Abeysuriya noted that some desirable reforms have been communicated by former Finance Minister Ravi Karunanayake recently, including through the 2017 budget. The government is attempting to broad base the income taxation and liberalize the foreign exchange regime—two key reforms Karunanayake was attempting to push through—although his approach to foreign exchange reforms without widespread stakeholder engagement drew criticism last month. Karunanayake saw some success in improving the government’s revenue to gross domestic product (GDP) ratio up to 14.9 percent from the 11.5 percent level that prevailed when former President Mahinda Rajapaksa was the Finance Minister. But improved government finances came at a considerable political cost, as the higher indirect taxes slapped on people through the increase of value-added tax drew massive public discontent.  Meanwhile, several political observers noted that the future policy direction from the Finance Ministry would depend on who Samaraweera selects as his deputy, since the minister is believed to have limited experience on the subject.

7 Re: WELCOME MANGALA on Tue May 23, 2017 9:23 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Mangala or Awamangala have to wait and see the outcome of musical chairs with music pausing now.

8 Re: WELCOME MANGALA on Tue May 23, 2017 10:12 am

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:Mangala or Awamangala have to wait and see the outcome of musical chairs with music pausing now.
My view is who ever come has Finance Minister, what ever the decisions they take has to  get the approval from the P.M  Ranil Wickramasinge so he is the BOSS. Very Happy Very Happy

9 Re: WELCOME MANGALA on Tue May 23, 2017 12:00 pm

sureshot

sureshot
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@soileconomy wrote:What happened to our best  finance minister who won awards and highly recognized by international magazines ,funds ?

Next best Foreign minister will be the RAT / RK   Very Happy

10 Re: WELCOME MANGALA on Tue May 23, 2017 9:31 pm

fern


Stock Trader
Champions will be always champions . Mangala was instrumental and has proved last two years the the remarkble achievements he made on improvement foreign relationship and GSP+ he will continue to prove his worth in as finance manager

11 Re: WELCOME MANGALA on Tue May 23, 2017 9:49 pm

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
@fern wrote:Champions will be always champions . Mangala was instrumental and has proved last two years the the remarkble achievements he made on improvement foreign relationship and GSP+ he will continue to prove his worth in as finance manager

This government is less than 2 years. Is that not sufficient what they did ?

12 Re: WELCOME MANGALA on Tue May 23, 2017 11:42 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kovida wrote:
@fern wrote:Champions will be always champions . Mangala was instrumental and has proved last two years the the remarkble achievements he made on improvement foreign relationship and GSP+ he will continue to prove his worth in as finance manager

This government is less than 2 years. Is that not sufficient what they did ?

Correcttion Not "less than 2 years" as written by you. Maithree and Ranil came to power in Jan 2015. Almost 2 1/2 years in power now. Maithree has spent half of his presidential term

13 Re: WELCOME MANGALA on Wed May 24, 2017 12:30 am

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
@DS Wijesinghe wrote:
@kovida wrote:
@fern wrote:Champions will be always champions . Mangala was instrumental and has proved last two years the the remarkble achievements he made on improvement foreign relationship and GSP+ he will continue to prove his worth in as finance manager

This government is less than 2 years. Is that not sufficient what they did ?

Correcttion Not "less than 2 years" as written by you. Maithree and Ranil came to power in Jan 2015. Almost 2 1/2 years in power now. Maithree has spent half of his presidential term
Do not mix up  with MS period and gov.

14 Re: WELCOME MANGALA on Wed May 24, 2017 2:48 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thosewho sold their shares at low prices want to enter into market.They are again put negative comments.we won't sell ours.We still hold 50-100% profits..Youp eople can't  chaeat us.. Smile Smile Smile

You would see Mangala's effect soon

15 Re: WELCOME MANGALA on Wed May 24, 2017 5:59 am

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kovida wrote:
@DS Wijesinghe wrote:
@kovida wrote:

This government is less than 2 years. Is that not sufficient what they did ?

Correcttion Not "less than 2 years" as written by you. Maithree and Ranil came to power in Jan 2015. Almost 2 1/2 years in power now. Maithree has spent half of his presidential term
Do not mix up  with MS period and gov.

The UNP came to power in Jan 2015 after the Presidential Election. Violating the Sri Lankan constitution, MS appointed RW as the Prime Minister and appointed a UNP govt. RW did not command the confidence of the majority of the house and his group had only about 40-50 member

Within 50 days of the new UNP govt, RW and his CB Governor Arjuna Mahendran manipulated the Bond Market to pocket and illegally earn Rs 13 Billion through Aloysius

This incompetent UNP govt lead by a scandalous Prime Minister is now 2 1/2 years old

16 Re: WELCOME MANGALA on Wed May 24, 2017 7:04 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Mangala will do anything if USA or India say.In the long run we will be more dependable on usa and India.

17 Re: WELCOME MANGALA on Wed May 24, 2017 7:56 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@soileconomy wrote:Mangala will do anything if USA or India say.In the long run we will be more dependable on usa and India.
World was treating Sri lanka like Somalia when Horu king was ruling.

Now not only US and India,all countries accepting Srilanka.Did you see what happened in GSP+ voting.

It is disapointing for Kings supporters. Smile Smile Smile

18 Re: WELCOME MANGALA on Wed May 24, 2017 8:29 am

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

19 Re: WELCOME MANGALA on Wed May 24, 2017 10:10 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The so called Yahapalana Govt is messing up things big time owing to inefficiency. The father in law & son in law duo who robbed the Central bank are in the process of building a distillery in Kalkudah (4.5b investment) with the ill gotten money with the backing of the Govt, in spite of vehement opposition by the MPs, local bodies and the people of the area. 

President who gets to know happenings in the country only thro' media is mute and keeping a blind eye on this matter.

Mother of all banks the Central Bank was raped & robbed by a Father in law, son in law duo on the behest of whom??????? The entire world knows. If a country's Central Bank is not safe, what more!!!

As stated by Dr. Dayan J, the mini cabinet reshuffle is like playing musical chair on board the "Titanic" which is cruising towards the ice berg. 
Unquote: God save Sri Lanka from this unscrupulous rulers who are not what they portray themselves to be in the public domain.

20 Re: WELCOME MANGALA on Wed May 24, 2017 6:40 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
@Yahapalanaya wrote:
@soileconomy wrote:Mangala will do anything if USA or India say.In the long run we will be more dependable on usa and India.
World was treating Sri lanka like Somalia when Horu king was ruling.

Now not only US and India,all countries accepting Srilanka.Did you see what happened in GSP+ voting.

It is disapointing for Kings supporters. Smile Smile Smile
LTTE was a creation done by India and USA was very instrumental in feeding terrorist groups world wide including Sri Lanka.. If someone goes against them they change the game and appoint a puppet. Asia pasific best finance minister was changed not because of corruption and malpractices but just to change the portfolio?
We are accepted by certain western countries because of a puppet who will do  thing which they say

21 Re: WELCOME MANGALA on Wed May 24, 2017 7:17 pm

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
@samaritan wrote:As stated by Dr. Dayan J, the mini cabinet reshuffle is like playing musical chair on board the "Titanic" which is cruising towards the ice berg. 
Unquote: God save Sri Lanka from this unscrupulous rulers who are not what they portray themselves to be in the public domain.
Horage Ammagen Pena Ahanwa wage . If MR admin. did the same thing, his tone would have been different.

Why are you all in a hurry?  It happened only yesterday. Give some time and see the difference. Then, you may comment. Be optimistic.



Last edited by kovida on Wed May 24, 2017 7:22 pm; edited 1 time in total

22 Re: WELCOME MANGALA on Wed May 24, 2017 7:18 pm

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@samaritan wrote:The so called Yahapalana Govt is messing up things big time owing to inefficiency. The father in law & son in law duo who robbed the Central bank are in the process of building a distillery in Kalkudah (4.5b investment) with the ill gotten money with the backing of the Govt, in spite of vehement opposition by the MPs, local bodies and the people of the area. 

President who gets to know happenings in the country only thro' media is mute and keeping a blind eye on this matter.

Mother of all banks the Central Bank was raped & robbed by a Father in law, son in law duo on the behest of whom??????? The entire world knows. If a country's Central Bank is not safe, what more!!!

As stated by Dr. Dayan J, the mini cabinet reshuffle is like playing musical chair on board the "Titanic" which is cruising towards the ice berg. 
Unquote: God save Sri Lanka from this unscrupulous rulers who are not what they portray themselves to be in the public domain.
bolai Dayanui okkoma bai bottuwene inne.Kiyo kiyo hitapan 2020 wenakal.Eeta passe ai kiyopan.Dayan J watenne rajjuruwo ugath modayo bawata haropu ugaththu set ekata.

23 Re: WELCOME MANGALA on Thu May 25, 2017 5:27 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@soileconomy wrote:
@Yahapalanaya wrote:
@soileconomy wrote:Mangala will do anything if USA or India say.In the long run we will be more dependable on usa and India.
World was treating Sri lanka like Somalia when Horu king was ruling.

Now not only US and India,all countries accepting Srilanka.Did you see what happened in GSP+ voting.

It is disapointing for Kings supporters. Smile Smile Smile
LTTE was a creation done by India and USA was very instrumental in feeding terrorist groups world wide including Sri Lanka.. If someone goes against them they change the game and appoint a puppet. Asia pasific best finance minister was changed not because of corruption and malpractices but just to change the portfolio?
We are accepted by certain western countries because of a puppet who will do  thing which they say
Yes we should get help from swasiland,Libya,..etc and challenge US,India,Europe,Australia..Smile Smile Smile

24 Re: WELCOME MANGALA on Thu May 25, 2017 6:25 am

sureshot

sureshot
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Why are you all in a hurry?  It happened only yesterday. Give some time and see the difference. Then, you may comment. Be optimistic.[/quote]



https://www.youtube.com/watch?v=Hy86FIp__DQ

25 Re: WELCOME MANGALA on Thu May 25, 2017 8:08 pm

Investor1994


Equity Analytic
Equity Analytic
I think interest rates will go up. Indrajith Coomaraswamy has said in press conferences that the interest rate is a politically sensitive issue and that is why the central bank is unable to shift rates quicker. Will the new finance minister be more permissive of interest rate rises especially when the rate of inflation for the last reported period being so high.

26 Re: WELCOME MANGALA on Thu May 25, 2017 8:14 pm

sureshot

sureshot
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Investor1994 wrote:I think interest rates will go up. Indrajith Coomaraswamy has said in press conferences that the interest rate is a politically sensitive issue and that is why the central bank is unable to shift rates quicker. Will the new finance minister be more permissive of interest rate rises especially when the rate of inflation for the last reported period being so high.

Finance minister dance to PM's Tune.

Tune will be same for RK  and Mangala.

27 Re: WELCOME MANGALA on Fri May 26, 2017 10:25 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Whatever good things accomplished are to be appreciated while commenting negative actions. Professional ethics are to be maintained irrespective of who rules the country. As a whole it is the overall performance achieved by the government not by an individual.

28 Re: WELCOME MANGALA on Fri May 26, 2017 9:35 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@sureshot wrote:

Finance minister dance to PM's Tune.

Tune will be same for RK  and Mangala.

ඔන්න ඔය සරල සත්‍යය තේරෙන්නෙ නැති මොන්ටිසෝරි බබාල අපට විහිලු සපයනව​.

 ඒ විතරක් නෙවි
මංගලත් යම් දිනක බිලි බෝයි වෙලා ඉවතට වීසි වෙනව​.

29 Re: WELCOME MANGALA on Fri May 26, 2017 10:00 pm

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
@worthiness wrote:Whatever good things accomplished are to be appreciated while commenting negative actions. Professional ethics are to be maintained irrespective of who rules the country. As a whole it is the overall performance achieved by the government not by an individual.

 you are correct . Appreciate your comment.

30 Re: WELCOME MANGALA on Sat May 27, 2017 10:16 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
@Yahapalanaya wrote:
@soileconomy wrote:
@Yahapalanaya wrote:
@soileconomy wrote:Mangala will do anything if USA or India say.In the long run we will be more dependable on usa and India.
World was treating Sri lanka like Somalia when Horu king was ruling.

Now not only US and India,all countries accepting Srilanka.Did you see what happened in GSP+ voting.

It is disapointing for Kings supporters. Smile Smile Smile
LTTE was a creation done by India and USA was very instrumental in feeding terrorist groups world wide including Sri Lanka.. If someone goes against them they change the game and appoint a puppet. Asia pasific best finance minister was changed not because of corruption and malpractices but just to change the portfolio?
We are accepted by certain western countries because of a puppet who will do  thing which they say
Yes we should get help from swasiland,Libya,..etc and challenge US,India,Europe,Australia..Smile Smile Smile
Yes better to get help from swasiland or Libya for a independent country rather than dancing to the tune of other country betraying ourself.
Tibet jathika S MAHINDA said like this
Us than DeKalb hakilenne
Miti than DeKalb puppanne
Niwatun bawa sthminne
Mage putha loku wenne
Some of us still in colonianl type mentality

31 Re: WELCOME MANGALA on Sat May 27, 2017 10:28 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The central Bank of swaziland is safe and headed by a swazilander as Governor. We import and get screwed!

32 Re: WELCOME MANGALA on Sun May 28, 2017 8:22 am

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Though we all hope for some expert in Finance like Harsha or Eraj to head the Finance Ministry, it seems that will never happen during the tenure of this UNP govt.

Therefore let's look at the positive side. Forgetting all the other factors we can be Certain that Mangala's decisions will not be driven by 'What's in it for Me? Or 'How much I make out of this?"

The question is whether he will be limiited only to Present the Buddgetb in Parliment?

33 Re: WELCOME MANGALA on Sun May 28, 2017 12:42 pm

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
@DS Wijesinghe wrote:Though we all hope for some expert in Finance like Harsha or Eraj to head the Finance Ministry, it seems that will never happen during the tenure of this UNP govt.

Therefore let's look at the positive side. Forgetting all the other factors we can be Certain that Mangala's decisions will not be  driven by 'What's in it for Me? Or 'How much I make out of this?"

The question is whether he will be limiited only to Present the Buddgetb in Parliment?
Finance Ministry is one of the most important places of the economy. Decisions taken there should be collective and well planned which were lacking most of the instances under the present gov.

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