Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» If i am the EPF buyer,I will go for PLC
by Miss-Sangeetha Today at 12:06 am

» BFN බොරු සෙලින් දාලා කොහොම හරි 11 වගේ ගානට 500000 එකතු කරගන්න කියලා අර 14 ට ලක්ශයක් සෙලින් දැම්මේ මේ ටේලර් මහත්තයාම තමයි
by Teller Yesterday at 11:00 pm

» lOFC definitely will hit 6/-
by Teller Yesterday at 8:46 pm

» Loss-making stockbrokers may not last six months
by samaritan Yesterday at 2:08 pm

» Why we should buy AEL.N0000…?
by karuna2 Yesterday at 1:27 pm

» ECL wAS 2.8 Last week Today 4.7 .Whats Next? Acme?
by karuna2 Yesterday at 1:23 pm

» IDL IDL IDL
by Teller Sat Jun 15, 2019 6:18 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Sat Jun 15, 2019 7:18 am

» RICH is not bad @ 9/-
by Teller Sat Jun 15, 2019 2:52 am

» Look APLA its trending to 98LKR
by Teller Sat Jun 15, 2019 2:24 am

» WATA future looks good
by Teller Sat Jun 15, 2019 2:16 am

» SAMP Oversubscribed?
by Teller Sat Jun 15, 2019 2:13 am

» Apple Lost Sales in Europe to Chinese Firms Ahead of US Huawei Crackdown
by Teller Sat Jun 15, 2019 1:44 am

» Market is On The Rise.Market PER 8.5, EPF Has entered the market curently they are buying AEL (Access Enginering)There'r lot of counters. Rich,TkyoAsir,Amsl,Osea.CINV.EXPO,JINS and Tyre.good luck
by wisdom79 Fri Jun 14, 2019 7:55 pm

» Keep eye on Politics
by samaritan Fri Jun 14, 2019 1:06 pm

» Market will test 4700
by Yahapalanaya Fri Jun 14, 2019 10:42 am

» NEXT RUN People's leasing and Finance WAIT AND WATCH ENJOY RIDE..
by ddrperera Thu Jun 13, 2019 9:25 pm

» EPF Investment in Unquated copmanies .Who is responsible Previous Centeral Bank Governer and Former Regime.
by Capton KIng Cool Thu Jun 13, 2019 9:05 am

» PDL (Property Development)
by Capton KIng Cool Thu Jun 13, 2019 8:51 am

» EAST Steady at 18
by Cricketman Thu Jun 13, 2019 5:28 am

» Guys what happen these days
by Yahapalanaya Thu Jun 13, 2019 2:29 am

» its right time to buy PHAR@700
by Teller Thu Jun 13, 2019 12:50 am

» Look PAP Amazing company
by Teller Thu Jun 13, 2019 12:46 am

» Sri Lanka stocks end at near 1-month high on local buying; rupee gains
by Teller Thu Jun 13, 2019 12:33 am

» Maharaja ASI
by karuna2 Wed Jun 12, 2019 9:36 pm

» From 10th Onward no more Phillip only Asha securities lts before login go to setting and remove phillip and aply then it will work Good luck
by Yahapalanaya Wed Jun 12, 2019 5:25 pm

» ALHP WILL MOVE UP from next MONDAY
by Teller Wed Jun 12, 2019 4:20 pm

» PDL revised exit offer
by krishna Wed Jun 12, 2019 10:55 am

» ASHAPHILLIP SECURITIES
by Yahapalanaya Wed Jun 12, 2019 9:42 am

» Will CTC be effected?
by Yahapalanaya Wed Jun 12, 2019 6:48 am

» Guys Look for DPL@5.20
by Teller Wed Jun 12, 2019 2:36 am

» AEL GOOD BUY
by wisdom79 Tue Jun 11, 2019 8:47 pm

» Colombo Bourse reports the ‘Second Lowest Daily Turnover’ for the year 2019
by Miss-Sangeetha Mon Jun 10, 2019 8:25 pm

» What a Joke? who will invest in Sri lanka?
by Teller Sun Jun 09, 2019 7:30 pm

» senior citizen Interest Subsidy arrears of 33 billion rupees
by samaritan Sat Jun 08, 2019 11:48 am

» Dhammika also resposible this
by samaritan Sat Jun 08, 2019 9:47 am

» COLO.N https://www.cse.lk/home/company-info/COLO.N0000/announcementsNew
by Yahapalanaya Sat Jun 08, 2019 2:08 am

» Dark times - Sampath Bank
by samaritan Fri Jun 07, 2019 1:03 pm

» AAIC will kill investors money within 15 years
by wisdom79 Fri Jun 07, 2019 12:21 pm

» I couldn't log from Dubai
by Teller Thu Jun 06, 2019 7:12 pm

» Sri Lanka stocks extend fall despite rate cut in thin trade; rupee steady
by Teller Thu Jun 06, 2019 7:10 pm

» Why beg sirisena?
by Teller Thu Jun 06, 2019 7:02 pm

» Be vegetarian
by nuwanmja Wed Jun 05, 2019 11:48 am


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Oligarch Chat: Sumal wants to avoid tax, Harry wants Rs 25bn, and Pathirage wants a dictator

Oligarch Chat: Sumal wants to avoid tax, Harry wants Rs 25bn, and Pathirage wants a dictator

Go down  Message [Page 1 of 1]

SelvaKolla


Stock Analytic
Stock Analytic
Author LBONews from: http://www.lankabusinessonline.com/oligarch-chat-sumal-wants-to-avoid-tax-harry-wants-rs25bn-and-pathirage-wants-a-dictator/
Posted on September 2, 2018 | Industry, People, PoliticsOligarch Chat: Sumal wants to avoid tax, Harry wants Rs 25bn, and Pathirage wants a dictator Firesdide-chat-e1535894558130-800x523




September 2, 2018 (LBO) – As video clips move through traditional and social media, the public is abuzz about the comments made by some of Sri Lanka’s most powerful businessmen at the ‘Fireside Chat’ event last week at the Colombo Hilton.
The event featured panelists: Dhammika Perera, Harry Jayawardena, Janak Hirdaramani, Merril Fernando, Sumal Perera and Ashok Pathirage.  The panel was moderated by Daily FT Editor in Chief Nishtar Cassim, and HNB Chairman Dinesh Weerakody.
Some backlash has been evident on social media.  One particular twitter exchange embedded below highlighted the problem of letting business people with entrenched interests try to dictate policy:

Oligarch Chat: Sumal wants to avoid tax, Harry wants Rs 25bn, and Pathirage wants a dictator Ogsxozgf_normal

Easwaran 'Easy' Rutnam@easwaranrutnam

 · Aug 31, 2018



[ltr]Sumal's choice for President of Sri Lanka is Dhamika Perera. Here is the reason why: #srilanka #lka @ Colombo, Sri Lanka https://www.instagram.com/p/BnJtwDClgtc/?utm_source=ig_twitter_share&igshid=1h8vormm727yj …[/ltr]

Oligarch Chat: Sumal wants to avoid tax, Harry wants Rs 25bn, and Pathirage wants a dictator 7VIMu56C_normal

LankanStyle@LankanStyle


[ltr]Arms dealers, casino operators & alcohol merchants want to run the country. Actually the do from behind the scenes, but now they are boldly coming forward. Not economists, policy experts, lawyers, foreign policy experts, scientists & academics. Let that sink in! #Mercantilism[/ltr]


3
10:08 AM - Sep 1, 2018
Twitter Ads info and privacy
[size][ltr]



See LankanStyle's other Tweets




[/ltr]



Some of the business leaders seemed to make policy statements whose primary aim was not to benefit the country, but rather to benefit their own business interests.  Some comments that generated particular angst among civil society were made by Harry Jayawardena, Sumal Perera, and Ashok Pathirage.
Harry Jayawardena complained that the government owes him Rs25bn due to the state takeover of his assets, in particular Pelawatte Sugar.  He claimed that he is pursuing litigation against the government.  Independent analysts say his claims for compensation seem excessive based on the assets seized.  Despite the legislative seizure of some of his assets, Jayawardena maintains a business empire which many speculate is worth in excess of US$1 billion dollars.
Sumal Perera lamented increases in certain taxes which have increased the tax burden on his businesses.  Analysts say the calculations he presented are highly suspect and significantly exaggerated the increase in tax burden.  Despite the the increased tax burden due to legislation, Access Engineering (AEL) remains significantly profitable.  Analysts also say that AEL has been a beneficiary of significant state patronage during the previous regime.
Softlogic boss Ashok Pathirage perhaps made the most outrageous claim saying that he thinks that Sri Lanka is in need of a ‘Dicator’ otherwise ‘nothing will happen.’  Political analysts say that these comments are completely against the January 8th election, where the people of Sri Lanka voted to end a regime that was becoming increasingly authoritarian.  Pathirage is said to have had close contacts with the previous government.
Political insiders say that the Prime Minister is not enamoured by Sri Lanka’s oligarchs and is unlikely to be responsive to their self interested criticisms of his Government.[/size]

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
everyone has their own agenda ! if people dont put pressure on their leaders nothing will happen ! other developed nations had bloody revolutions to put out corrupt rule but in Sri Lanka we worship them

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum