Mahinda minds stock market woes

CSE.SAS · 1 Mahinda minds stock market woes Fri Jun 22, 2012 3:05 am

CSE.SAS

Global Moderator

Posts : 2620
Equity Stars : 11299
Reputation : 158
Join date : 2011-02-02
Age : 37

he lingering woes of the Colombo stock market, which until last month had lost Rs. 400 billion in value, have drawn the concern of the country’s Chief Executive, the Daily FT learns.

Prior to taking off to Cuba and Brazil, the current situation of the Colombo Bourse, the world’s best performer not so long ago but reeling with continuous negative return since 2010, had been discussed at a top level meeting. This discussion included the Securities and Exchange Commission (SEC) Chairman Tilak Karunaratne, Treasury Secretary Dr. P.B. Jayasundera, Central Bank Governor Nivard Cabraal and former Attorney General Mohan Peiris.

Some officials refused to divulge specifics saying it was a private meeting where many issues were discussed. Others said stock market figured very much during the discussion.

http://www.ft.lk/2012/06/22/mahinda-minds-stock-market-woes/

BullFan · 2 Re: Mahinda minds stock market woes Fri Jun 22, 2012 8:28 am

BullFan

Senior Equity Analytic

Posts : 73
Equity Stars : 4482
Reputation : 0
Join date : 2012-06-21

ya when big people meet. its sure to be happening!!!!!!
i am so sure some laws were told to be loosened up or turned a blind eye for sometime till the market recovers.
that is what i think.
after all this is sri lanka,
and mukku gahala gamana yana eka thamai apee hati,
but we go....
amazing country!!!!

aj · 3 Re: Mahinda minds stock market woes Fri Jun 22, 2012 8:37 am

aj

Assistant Vice President - Equity Analytics

Posts : 766
Equity Stars : 5451
Reputation : 45
Join date : 2011-11-25

They must have talked about the NSB Tabrobane Renno scam and how to prevent them from happening. Tilak and PB as important people who were concerned. President knows about the pump and dump schemes he remarked about this last time when the gang of thieves went to see president to topple the regulators.

Tiny Colombo stock market does not represent Sri Lankan economy. Nobody talks about the tiny Colombo stock market in the international media or publications other than when they talked about the absurd illogical rise and fall of the market as an interesting story like the 'Deyyo Sakki' column in a newspaper.

Kithsiri · 4 Re: Mahinda minds stock market woes Fri Jun 22, 2012 8:48 am

Kithsiri

Senior Vice President - Equity Analytics

Posts : 1758
Equity Stars : 7101
Reputation : 132
Join date : 2011-03-25
Age : 66
Location : රජ්ගම

Singapore is one of the highly developed countries and when their leaders travel overseas, they use scheduled commercial flights despite having one of the youngest fleet of aircraft at SIA.

Sri Lanka is one of the poorest countries and when ours ගොඉයෝ go they take one the national carrier aircraft to far flung places and hold them there days, denying the carrier the chance to meet its printed schedule obligations.

This is the difference between us and them. affraid

buster_b · 5 Re: Mahinda minds stock market woes Fri Jun 22, 2012 9:13 am

buster_b

Equity Analytic

Posts : 20
Equity Stars : 4664
Reputation : 0
Join date : 2011-09-08

Kithsiri wrote:Singapore is one of the highly developed countries and when their leaders travel overseas, they use scheduled commercial flights despite having one of the youngest fleet of aircraft at SIA.

Sri Lanka is one of the poorest countries and when ours ගොඉයෝ go they take one the national carrier aircraft to far flung places and hold them there days, denying the carrier the chance to meet its printed schedule obligations.

This is the difference between us and them.

This is true. I was told by one of the personnel who works at BIA that a latest airbus was taken away for a delegation team around 50!! Because of this the airline is having troubles managing their usual schedule and loosing a huge sum daily!!

worthiness · 6 Re: Mahinda minds stock market woes Fri Jun 22, 2012 10:24 am

worthiness

Senior Vice President - Equity Analytics

Posts : 2577
Equity Stars : 8955
Reputation : 115
Join date : 2011-04-08

Information at discussion level does not pass to public knowledge as right to have or access to information is limited. So whatever top guys discussed on stock market related activities are in a dark cell. Even it is passed through to public, reliability of such is very low.
So far billions of public money is wasted for special flights used for diplomatic, business & politically gained activities. This is a misdemeanor act in a country where majority is struggling to survive.

Whitebull · 7 Re: Mahinda minds stock market woes Fri Jun 22, 2012 8:22 pm

Whitebull

Assistant Vice President - Equity Analytics

Posts : 876
Equity Stars : 5403
Reputation : 33
Join date : 2012-05-15

CSE.SAS wrote:the world’s best performer not so long ago
http://www.ft.lk/2012/06/22/mahinda-minds-stock-market-woes/

I think this description was itself misleading and it caused lot of retailors to waste their lifetime saving.While foreigners were taking profits these misleading comments trapped our retailors.(Of course their ignorance and greediness played some part.)