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Sri Lanka Equity Forum » Stock Market Talk » COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA

COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA

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1 COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Fri Aug 11, 2017 5:16 pm

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics


LOSS OF INVESTOR CONFIDENCE AS A RESULT OF 'BONDGATE' DRAGS MARKET DOWN.
SAVE YOUR 'AMUDE' & RUN!

2 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Fri Aug 11, 2017 6:34 pm

venura


Senior Equity Analytic
Senior Equity Analytic
When a supermarket offer a discount people run to the mkt. But when stock mkt offer a discount people runaway from the mkt.

3 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Fri Aug 11, 2017 9:06 pm

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
@venura wrote:When a supermarket offer a discount people run to the mkt. But when stock mkt offer a discount people runaway from the mkt.

You are Correct. Unfortunately that's how stock markets worldwide behave. That's how majority investors worldwide behave.There are a few exceptions like Warren Buffet, Charlie Munger, David Einhorn, Bruce Berkowitz, who re extremely rich and sit on piles of extra cash and benefit from such behavior and negative events.

Many will recall Buffett's famous quote, "Be greedy when others are fearful and be fearful when others are greedy". They wait for events like these to pick up the fundamentally strong stocks. Of course they have done their homework on such stocks thoroughly, running in 6-10 year past performance analysis.

As pointed out by you remember a cardinal rule, Never buy stocks the way you buy your premium perfumes but buy stocks the way you buy your groceries from super market looking for the best deals and discounts.

Therefore if one is investing in this market, tie up your money for a minimum of 4 years. Nothing less than that. Research the fundamentally strong companies you want to buy, with at least 6 year past performance. What to look for in that period is another separate lengthy note altogether.

If you can't tie up your money for a minimum of 4 years in the stocks that you are investing in, you will not be a long term successful investor making a lot of money, but only a speculative trader.

4 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Fri Aug 11, 2017 10:24 pm

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Even markets goes up 20daya consecutively these people are not satisfied..  But a week downturn is broken brinfing all the criticism from baiyas. Now they have no resort than these kind of acts. 

These people do not know under MR regime in 2012 there was a great collapse and the confidence of the investors were badly damaged. 

It will definitely take sometime foe anyone to correct all those damages.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

5 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sat Aug 12, 2017 5:12 am

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
@ranferdi wrote:Even markets goes up 20daya consecutively these people are not satisfied..  But a week downturn is broken brinfing all the criticism from baiyas. Now they have no resort than these kind of acts. 

These people do not know under MR regime in 2012 there was a great collapse and the confidence of the investors were badly damaged. 

It will definitely take sometime foe anyone to correct all those damages.
 Current collapse has nothing to with previous Govt. In fact during previous govt we had a robust and vibrant stock market. 

When the new Govt came to power on 9th Jan 2015 the market started to go up but the decline started with their notorious and disastrous interim budget in Jan 2015. The illegal super gain tax had a deadly blow in investor confidence along with a host of other poor budget proposals. 

Then the interest rates were low, an ideal environment for capital market investments and growth of small, medium businesses. But with the manipulated bond fraud in Feb 2015 sent the interest rates up, once again bringing down the market. PM always wanted to introduce capital gains tax, which again brought down the market

But most importantly it is the political instability which is having a great impact and preventing the CSE to be a robust and vibrant stock market it was, especially after the wnd of the war

6 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sat Aug 12, 2017 7:03 am

Ryan Hudson


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The current financial debacle i entirely due to BOND SCAM, nothing else

7 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sat Aug 12, 2017 9:29 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics

8 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sat Aug 12, 2017 10:56 pm

Teller

avatar
Moderator
Many more negative news on the way.. members keep your side safe.

9 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sun Aug 13, 2017 12:14 am

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@Teller wrote:Many more negative news on the way.. members   keep your side safe.
Thanks.I am busy on homework and silently watching/collecting gems.I am confident that I would make another 100% profit in couple of months!!! Razz Razz Razz

10 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Mon Aug 14, 2017 10:54 pm

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
@Yahapalanaya wrote:
@Teller wrote:Many more negative news on the way.. members   keep your side safe.
Thanks.I am busy on homework and silently watching/collecting gems.I am confident that I would make another 100% profit in couple of months!!! Razz Razz Razz

If one is buying during significant market downturns and is investing for long term Big Money, it is important that you stck to some basic rules to protect your investment

1. Homework is critical - Always invest in a business that you understand very well, know in and out of it
2. But do not Invest on optimism. Invest based on pure numbers. Don't let your emotions get out of hands. Stay rational and not emotional.
3. The CEO of the company you are investing need to be honest, trustworthy and transparent. He should be a visionary to take your company to greater heights with grit and determination
4. Pay very close attention to the price. Understand the great possibilities of market downturns and you need to protect your investments in such situations. If you have done your homework correctly and know the real value of the stock and if it is trading at significantly discounted lower price, it's an attractive price to buy.

5. If you are investing for the long term Be patient. If the stock price is not significantly lower than its real value, wait till the price is right for you. Long term successful investor Charlie Munger says " Big money is not made in Buying or Selling. It is made by waiting. Waiting for the right time to buy the stock at the right price as a long term investment, that company would be doing well in 10 years time as well






11 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Mon Aug 14, 2017 10:58 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@DS Wijesinghe wrote:
@Yahapalanaya wrote:
@Teller wrote:Many more negative news on the way.. members   keep your side safe.
Thanks.I am busy on homework and silently watching/collecting gems.I am confident that I would make another 100% profit in couple of months!!! Razz Razz Razz

If one is buying during significant market downturns and is investing for long term Big Money, it is important that you stck to some basic rules to protect your investment

1. Homework is critical - Always invest in a business that you understand very well, know in and out of it
2. But do not Invest on optimism. Invest based on pure numbers. Don't let your emotions get out of hands. Stay rational and not emotional.
3. The CEO of the company you are investing need to be honest, trustworthy and transparent. He should be a visionary to take your company to greater heights with grit and determination
4. Pay very close attention to the price. Understand the great possibilities of market downturns and you need to protect your investments in such situations. If you have done your homework correctly and know the real value of the stock and if it is trading at significantly discounted lower price, it's an attractive price to buy.

5. If you are investing for the long term Be patient. If the stock price is not significantly lower than its real value, wait till the price is right for you. Long term successful investor Charlie Munger says " Big money is not made in Buying or Selling. It is made by waiting. Waiting for the right time to buy the stock at the right price as a long term investment, that company would be doing well in 10 years time as well






Thanks Buddy.

12 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Tue Aug 15, 2017 8:22 am

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
@DS Wijesinghe wrote:
@ranferdi wrote:Even markets goes up 20daya consecutively these people are not satisfied..  But a week downturn is broken brinfing all the criticism from baiyas. Now they have no resort than these kind of acts. 

These people do not know under MR regime in 2012 there was a great collapse and the confidence of the investors were badly damaged. 

It will definitely take sometime foe anyone to correct all those damages.
 Current collapse has nothing to with previous Govt. In fact during previous govt we had a robust and vibrant stock market. 

When the new Govt came to power on 9th Jan 2015 the market started to go up but the decline started with their notorious and disastrous interim budget in Jan 2015. The illegal super gain tax had a deadly blow in investor confidence along with a host of other poor budget proposals. 

Then the interest rates were low, an ideal environment for capital market investments and growth of small, medium businesses. But with the manipulated bond fraud in Feb 2015 sent the interest rates up, once again bringing down the market. PM always wanted to introduce capital gains tax, which again brought down the market

But most importantly it is the political instability which is having a great impact and preventing the CSE to be a robust and vibrant stock market it was, especially after the wnd of the war
Very true. The real causes for the present plight of CSE.

13 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Tue Aug 15, 2017 4:29 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Bonkers ..  People no clue about markets always get frustrated easily.

Its like People blame only the cricket board not the players.

14 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Tue Aug 15, 2017 4:58 pm

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
@skyfall wrote:Bonkers ..  People no clue about markets always get frustrated easily.

Its like People blame only the cricket board not the players.
If the policy decisions of the cricket board keeps players under a cloud of confusion & uncertainty who are to be blamed the players or the board?

15 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Aug 16, 2017 2:12 am

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:
@skyfall wrote:Bonkers ..  People no clue about markets always get frustrated easily.

Its like People blame only the cricket board not the players.
If the policy decisions of the cricket board keeps players under a cloud of confusion & uncertainty who are to be blamed the players or the board?

We always have had issues with the board. Its not something new.
 Our players are pretty average. That's the main issue. Nothing else. 
We don't have at least one or two extraordinary player s.

16 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Aug 16, 2017 10:02 am

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
@skyfall wrote:
@samaritan wrote:
@skyfall wrote:Bonkers ..  People no clue about markets always get frustrated easily.

Its like People blame only the cricket board not the players.
If the policy decisions of the cricket board keeps players under a cloud of confusion & uncertainty who are to be blamed the players or the board?

We always have had issues with the board. Its not something new.
 Our players are pretty average. That's the main issue. Nothing else. 
We don't have at least one or two extraordinary player s.
Oh, Holy Shit! in my analogy i have referred to the Govt as cricket board & local investors as players.

Go thro' your post you have compared by stating "Its like people blame only the cricket board...."

It can be clearly seen what lacks here is IQ.

17 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sun Aug 20, 2017 2:29 pm

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
It seems a huge economic &  political crisis is looming. It may be difficult to even save our 'Amudes'.

18 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sun Aug 20, 2017 5:18 pm

Ran49


Manager - Equity Analytics
Manager - Equity Analytics
Investors don't panic... most of the players trying to buy from lower level s... this is the good to to buy... Don't buy when they are promoting... still I didn't sell my stocks..

19 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sun Aug 20, 2017 5:23 pm

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
Share market does not operate in a vacuum. There are external factors weigh heavily on the performance of the market. Unfortunately in this blessed country the external factors are very unpredictable.

20 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Sun Aug 20, 2017 5:26 pm

Ran49


Manager - Equity Analytics
Manager - Equity Analytics
We can see the progress on nxt couple of weeks... Kanadak naggoth pallamak atha.... lets try to collect from this pallamen... ha haaa

21 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Tue Aug 22, 2017 1:00 pm

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
Oh Blimey, JKH hitting 150/= very soon and seems the downward trend may continue. Are the "Poreigners" dumping????

22 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Tue Aug 22, 2017 2:26 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:Oh Blimey, JKH hitting 150/= very soon and seems the downward trend may continue. Are the "Poreigners" dumping????


Here come the experts.

 When JKH was trading sub 140, these experts said what a sh*ty market we have. But JKH went up to 180.

 I can clearly say some are just looking for scapegoat for all their investment failures.  

Agree the situation is not goo dbut it doesn’t say that’s the only reason why you are making only losses.

23 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Tue Aug 22, 2017 4:43 pm

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
Recently a stock brokering Company was up for sale and it is rumoured that some more are to follow. That's the real situ. Hence get ready for crash landing!

24 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Tue Aug 22, 2017 10:01 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:Recently a stock brokering Company was up for sale and it is rumoured that some more are to follow. That's the real situ. Hence get ready for crash landing!

Very good move. Let them sink
We have far too many brokering companies

25 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Aug 23, 2017 1:00 am

Teller

avatar
Moderator
There are 4 firms to stop their operations. As we aware TKS securities ,Kandy branch closed 5 months earlier. 2firms are giving much pressure to their clients to minimize the debt. Some big brokering firms are catching medium to small scale member firms staff

26 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Aug 23, 2017 9:09 am

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
POLITICAL CONFUSION & CONTRADICTIONS IN THE TOP ECHELONS OF THE GOVERNMENT HAD ADVERSELY AFFECTED THE CSE AND WILL CONTINUE TO AFFECT CSE.

27 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Aug 23, 2017 9:32 am

sharemarket

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:POLITICAL CONFUSION & CONTRADICTIONS IN THE TOP ECHELONS OF THE GOVERNMENT HAD ADVERSELY AFFECTED THE CSE AND WILL CONTINUE TO AFFECT CSE.
2015 idhalama ona kenek dannawa central bank case eka, eth market eka giya. Den horu alllanakota market down. Aho Sri Lankan peoples.......................

28 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Aug 23, 2017 6:02 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
More bad news!!!!!!

Shiranthi Squanders Rs. 25 Million In Five Days

Daisy Achchi’s hotel bill, Shiranthi’s hotel bill that shows how she has spent lavishy on spirits SPA products & meals, External Affairs Ministry fax to Sri Lanka Ambassador to Paris on fund allocation, The summary of the expenditure incurred and Limousine bills









  • From tax payers’ hard-earned money…


by Nirmala Kannangara

A section of the Presidential Suite
[size]
Although the extravagant expenses made by the Rajapaksa family during their time was not a secret, it had now come to light how former First Lady Shiranthi Rajapaksa had spent a staggering amount of tax payers’ hard-earned money to stay in Paris for four nights just prior to her husband’s defeat at the 2015 presidential election.[/size]
Official documents this newspaper is now in possession shows how the former First Lady’s tour to Paris, to take part in the UNESCO Vesak Celebration in 2014, had resulted in public funds running into millions of rupees being used within five days. Mrs. Rajapaksa had accompanied her aunt – Daisy Forest alias Daisy Achchi – who shot to fame for receiving a gunny of gem stones from an unknown person, which was spent to purchase a property from Mt. Lavinia for her grand nephew, Yoshitha Rajapaksa, and a close associate.
The trio had checked in to one of the most luxurious hotels in Paris – Four Seasons Hotel George V and had wined and dined spending public money to the tune of a staggering Rs. 25 million. Although the accomplices had stayed in deluxe rooms, Shiranthi Rajapaksa had checked in to the Royal Suite, which is on the first floor of the hotel that has direct access to a private terrace overlooking the historic art deco fountain, the Three Grace. This suite features an oversize space for entertainment and relaxation with a marble fireplace and the master marble bathroom of redefined luxury with a steam room and a spacious walk-in dressing room fit for a king.

Shiranthi Rajapaksa and Daisy Achchi

The Royal Suite charge alone had cost the country Rs. 10.556 million (Euro 58,000) for her five-day stay in Paris for the UNESCO event. A staggering amount of Rs. 25.08 million had been spent on Mrs. Rajapaksa and her two accomplices – Daisy Forest and Peththawadu Lakeesha Nisansala de Silva for accommodation, food and mini bar, limousines, VIP and miscellaneous expenses together with domestic air fare to Lourdes, where the famous Catholic shrine is. Although the said cost had been borne by the then Ministry of External Affairs headed by Prof. G. L. Peiris, it is believed that the airfare from Colombo to Paris had been settled by the Presidential Secretariat.
According to a document dated May 4, 2017 attested by the Sri Lankan Ambassador to France, Thilak Ranaviraja, the cost breakdown with the invoices of the expenditure incurred for Shiranthi’s visit to Paris is 137,396 Euros (Sri Lankan Rs. 25.08 million). For the accommodation with incidental expenses Rs. 16.17 million (Euro 88,552), limousine hire charges were Rs. 7.59 million (Euro 41,650), Air tickets from Paris to Lourdes was Rs. 7.68 lakhs (Euro 42,000) and VIP and miscellaneous expenses Rs. 5.43 lakhs (Euro 2,994) which the total comes to Rs. 25.08 million (Euro 137,396).

Daisy Achchi’s hotel bill, Shiranthi’s hotel bill that shows how she has spent lavishy on spirits SPA products & meals, External Affairs Ministry fax to Sri Lanka Ambassador to Paris on fund allocation, The summary of the expenditure incurred and Limousine bills

In an urgent fax to the Sri Lankan Ambassador in Paris by the Chief Accountant, Ministry of External Affairs dated May 19, 2014, states that Rs. 25 million had been allocated for the First Lady’s visit to Paris.
The fax further states as thus, ‘File Ref: MEA/FIN/CU-06/001/2014. Allocation of funds for the First Lady’s visit to Paris. This refers to the letter No: FM/F1/157/2014(18) dated May 16, 2014 on the above.
‘Allocation of SL Rs. 25 million (Euro187,000) has been granted under the Vote No: 001-01-01-0-1102 to meet the above expenses.
‘Accordingly, you are kindly requested to make payments not exceeding the allocations granted and send debit intimations to the Presidential Secretariat with a copy to this Ministry along with Monthly Summery of Accounts’.
Although the trio had stayed at Four Seasons Hotel George V in Paris from May 20 to May 24 in the guise of the UNESCO event, they had also flown to Lourdes on a private religious tour on May 23 out of public funds. Suite charge alone for Shiranthi Rajapaksa was Rs. 2.639 million (Euro 14,500) per day and for her five-day stay, the tax payers had paid Rs. 10.556 million (Euro 58,000) and another Rs. 1.082 million (Euro 5,945.50) had been spent on food, spirits, laundry and spa products during her stay over there. Room charges for Daisy Forest, Lakeesha De Silva and for the Sri Lankan Embassy official who accompanied Shiranthi Rajapaksa were Rs. 245,700 (Euro 1,350) per day, per person and for the four nights it had cost the tax payer Rs. 982,800 (Euro 5,400) per person. For Daisy Achchi, Lakeesha de Silva and the Embassy officer the country had spent Rs. 2.948 million (Euro 16,200) and incidental expenses for Daisy Forest for four nights was Rs. 277,368 (Euro 1,524); for Lakeesha de Silva, Rs. 361,452 (Euro 1,986); and for the Embassy Official, Rs. 891,254 (Euro 4,897). The total cost for food and room charges were Rs.16.175 million (Euro 88,552.50).
Once the former Foreign Minister had told that although King George V of England had stayed at Four Seasons Hotel George V, Queen Elizabeth II does not wish to stay there due to its high rates, but for the ‘Sri Lankan Queen’ the high rates were not an issue as it was borne by the tax payers’ and not by the Rajapaksas.
The day Shiranthi Rajapaksa had checked in, according to the hotel bill (folio number 357270 dated May 24. 2014), she had spent Rs. 84,448 (Euro 464) for her dinner while on May 22 she had used Rs. 45,864 worth of sprits from the room mini bar and on May 24, she had obtained sprits once again from the mini bar worth of Rs. 40,222 (Euro 221) and on the same day another Rs. 67,522 (Euro 371) had been spent on sprits. Her telephone bill during the stay was Rs. 101,829 (Euro 559.5). The spa products she had obtained from the hotel on May 22 had cost yet another Rs. 23,660 (Euro 130).
Although Daisy Forest had not obtained sprits, according to hotel’s folio number 375209, she had continuously taken telephone calls worth Rs. 220,220 (Euro 1,210) from the day she checked in up to the time she checked out.
According to folio number 357208 dated May 24, 2014, Lakeesha de Silva had spent Rs. 372,372 (Euro 2,046) on food and sprits during her stay at the hotel.
Meanwhile, another Rs. 7.5 million had been spent to hire limousines during this period and according to official documents, the limousines had been hired from Royal Services Limousines and the breakdown is: For the Multivan that had been hired before and during Rajapaksa’s tour from May 18 to May 24 had cost Rs. 828,100 (Euro 4,550). The hiring charges for the Mercedes S600 was Rs. 1.646 million (Euro 9,045), for Mercedes S350 Rs. 806,988 (Euro 4,434), for Mercedes Viano Rs. 745,290 (Euro 4,095), another Mercedes Viano had been hired and its hiring cost was Rs. 804,440 (Euro 4,420), for Mercedes Class E Rs. 707,980 (Euro 3,890) and for the second Mercedes Class E, another Rs. 755,300 (Euro 4,150) had been paid. The total hiring charges with the applicable taxes were Rs. 7.553 million (Euro 41,500).
A highly reliable official at the External Affairs Ministry during the previous regime, on conditions of anonymity, said that although the tour was planned only for the then First Lady, when the other two names were sent from the Presidential Secretariat to be included, the ministry had no say but to allocate more funds for the additional party as well. “An official from the Sri Lankan Embassy in France was assigned to look into matters related to Shiranthi Rajapaksa’s visit. But when the two names were included the External Affairs Ministry had to bear the additional cost as well. The tour to Lourdes was not official but a private visit. We had to pay the airfare for that as well,” sources said.
When asked who chose the hotel for the visiting party, the sources said that although when the President travels officially, to maintain the standard the best hotel is booked as he has to meet foreign dignitaries, he was not aware whether Four Seasons Hotel George V was chosen by the then First Lady or the External Affairs Ministry officials. “I assume that this luxurious hotel may have been selected by Shiranthi Rajapaksa as I know for certain that the ministry officials would not have chosen such an expensive hotel and one of its finest suits for Mrs. Rajapaksa. When instructions were given, our officials do not have a say but to abide by the instructions. This is waste of money. During the first few months of the present regime, when I was still at the External Affairs Ministry, I have seen how easy for our officials to make arrangements for the President or Prime Minister’s official tours as pressure was not mounted on any official. That is the difference between the previous and present regimes,” sources added.
However when contacted Prof. G. L. Peiris, former Minister of External Affairs during Mahinda Rajapaksa regime, to find out as to why such a staggering amount of money was allocated for Shiranthi Rajapaksa’s tour, Prof. Peiris said that it is decided not by the subject minister but by the relevant officers in the Ministry. “Once the allocation is decided, it goes to the Ministry Secretary who is the Chief Accounting Officer for his approval. Without his approval, the Ministry cannot release the funds for any purpose,” Prof. Peiris said.
With regard to the accommodations provided for the former First Lady at the luxurious Four Seasons Hotel George V, Prof. Peiris said the hotels for accommodation are not selected by the visiting delegation but by the protocol division of the Ministry. “If a President is touring a foreign country, he has to meet his counterparts and other high-level delegations. So he has to stay in a suite in one of the best hotels. This does not apply for the delegation members. They can stay in other hotels. In regard to the former First Lady’s tour also, the protocol division of the External Affairs Ministry should have arranged the accommodation, the vehicles to be used and even the domestic flights. Once the details of her visit are informed to the Ministry, everything is looked after by these officials but not on the directives of Mrs. Rajapaksa,” Prof. Peiris claimed.
When asked as to why the External Affairs Ministry spent for the domestic air tickets from Paris to Lourdes, which was not official but merely a religious tour, Prof. Peiris said that it was a minor matter comparing to the frauds that are taking place now under the good governance administration. “Spending a few Euros comparing to the millions of rupee frauds that are now taking place, is a minor matter,” Prof. Peiris added.
Prof. Peiris further said that taking one or two trustworthy friends or close family members with the First Lady is nothing new as all First Ladies in other countries too travel with their trusted ones rather than going all alone.
When asked whether it was Presidential Secretariat or the External Affairs Ministry that paid the air fare from Colombo to Paris for the entourage, Prof Peiris said it does not matter who paid for the tickets as it is passed from the parliament. “Once the vote is passed in the parliament for these expenses, it does not matter from which institution it goes as this is government funds,” he said.

29 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Aug 23, 2017 6:46 pm

kovida

avatar
Senior Equity Analytic
Senior Equity Analytic
JATHIYE MAWA. MOTHER OF THE NATION. NO WONDER WE WILL BE ETNERLY IN THE THIRD WORLD WHILE  THESE B**** Sh*** PLUNDER THE COUNTRY.

30 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Thu Aug 24, 2017 7:26 am

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
[size=48]Harsha says stock market doing well
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0
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Comments /  153 Views / Thursday, 24 August 2017 00:21
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  • Says foreign inflows at record high 
  • Outlines plans to develop 
  • capital markets and list SOEs 
  • Says no plans to impose capital gains tax
  • Recalls pump and dump cases using black money during previous regime


By Ashwin Hemmathagama – Our Lobby Correspondent
Setting a new record, Rs. 26.7 billion in net foreign investment has been channelled during the last eight months through the stock market. 
According to Deputy Minister of National Policies and Economic Affairs Dr. Harsha de Silva, the Government has identified necessary changes, which will help to increase net foreign inflow on the stock market and capital markets.
“In 2015, foreign investors withdrew Rs. 5.3 billion from the stock market against and Rs. 383 million was received as fresh investment. However, we are happy to inform the House that by 11 August this year foreign investment in the stock market has surged to Rs. 26.7 billion, which is the second highest net foreign inflow recorded by the Colombo Stock Exchange,” said the Deputy Minister.
The Deputy Minister, responding to a question for an oral answer raised by UPFA Joint Opposition MP Bandula Gunawardane, stated that a total of Rs. 67.5 billion worth of foreign investments had been reported since the income from dividends on investment in listed shares by foreign companies were exempted from income tax as per proposal No. 199 of the 2016 Budget. 
“The former Government followed pump and dump where black money was widely in circulation. This money was brought from places such as the British Virgin Islands and was used to jack up prices where the share price of some poultry company went up to Rs. 250 from its market rate of Rs. 35. The same shares were then getting dumped at Rs. 180 where EPF money was used to purchase. This was the black money, which was exempted from tax during that time. As a nation, we have a fair policy and black money is taxed. We will not use the same policy to tax the ordinary people for their little investments,” clarified Dr. de Silva, who assured that the Government had no plans to introduce the Capital Gains Tax proposed in the 2016 Budget to the share market in the future. 
The Government plans to boost investment include passing a new Securities and Exchange Commission Act by 2017 to further regularise capital markets, demutualise the stock exchange with the aim of having high productivity, introducing the DVP system to manage risk, creating a central counterparty by listing shares of State-owned companies on the Colombo Stock Exchange to increase the size of the exchange and the liquidity, popularise unit trust among small investors, conduct programs to increase public awareness on capital markets and to update all the rules and regulations pertaining to investments.
 
Market trend based on standard indices ,Year All Share Price Index growth/decline
2010 96%
2011 (8.5%)
2012 (7.1%)
2013 4.8%
2014 23.4%
2015 (5.5%)
2016 (9.7%)
2017 provisional 4.2%

31 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Thu Aug 24, 2017 7:37 am

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The ones who talk all negative are the ones who feasted Rajapssa Shit.. Fear of Rajapassa never returning to power has tormented them to great depth.. And Spread all negativism and acts like economic gurus.. But do not know the exact cause of the current situation is Rajapassa balooning the economy and family with borrowed funds...

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

32 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Mon Oct 02, 2017 5:24 pm

Ran49


Manager - Equity Analytics
Manager - Equity Analytics
TODAY is for all negative writers....
Lol....

Think who is real members....

33 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Mon Oct 02, 2017 10:29 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
giving handy returns everyday.Game on in CSE

34 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Mon Oct 02, 2017 11:06 pm

Ran49


Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:There are 4 firms to stop their operations. As we aware TKS securities    ,Kandy branch closed 5 months earlier. 2firms are giving much pressure to their clients to minimize the debt. Some big brokering firms are catching medium to small scale member firms staff

I don't have any comments....

35 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Mon Oct 02, 2017 11:07 pm

Ran49


Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:Many more negative news on the way.. members   keep your side safe.

Is this the Negative News....? TODAY......

36 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Oct 11, 2017 8:30 pm

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
koo ape aiyala.hoo hooo.

37 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Wed Oct 11, 2017 9:03 pm

Ran49


Manager - Equity Analytics
Manager - Equity Analytics
Hikizzzz

38 Re: COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA on Thu Oct 12, 2017 5:20 am

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Smile Smile Smile

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