@Business Basil wrote:@stockback wrote:Ai Basil Porada.
lankawe innawane mehemath moda minissu.
Stock market, economy ......
depend on government policy's
Specially Stock market can up and down
not basil ,Mahinda. Ranila Maithree
there is something called Economic Pillars...people thought Ranil is an Economic Pillar since Ranil took the same Ministry as Basil Rajapaksa which is Economic Development.
Economic Pillar - is a Factor or a Decision Maker of Economic factors...under Mahinda Rajapaksa he had certain policies and factors that imporve investment climate.of course market depends on investment policies economic policies etc...but all that depend on who take those directives under which vision and under which direction.So Mahinda and Basil took certain decisions under a Direction and a Vision but Ranil has proven his Vision is only gaining power to him
My friend Basil,
This is called learning from the past mistakes . Since you raised this point I want to remind this fact as well. When UNP took over the country in 2001 under Ranil premiership he did two fundamental mistakes
a) Take popularized measures to turn around a negative economic growth including spend cuts and trimming the government sector while planning to solve the national issue with ceasefire agreement and develop the country with 64 mega projects with billions of USD investments not like Mattala Airport or Hambantota Harbor but other real development projects including triple in the size of Katunayeka Airport and enlarge the Trinco Harbor similar to Colombo (there was a booklet to illustrate these projects). But he has forget the fact that executive presidency is in another party and he should get the power to establish before drafting the vision for the country
b) He trusted too much the dissidents from SLFP to topple the then PA government and gave all the prominent attention to them at the expense of UNPers. The poor UNPers were crying and they said that they felt this is not their government. So Ranil has lost the grass root level and then lost the power in a short stint of two years.
Now what the new government is doing is exactly the opposition.
First they have got an executive presidency that will support them
Secondly they have taken very popular measures through interim budget which are directly benefiting the poor for example a plain tea is now 10bucks and people were talking positively on the reduction of essential items and the fuel prices
Then he has taken all the prominent portfolios to the UNPers and remain the second hand ones for the SLFPers and now they are crying and some resigned already
Through all this I can see that he has realized the fact that the basement has to be established before envision a vision for the country so it is true to see that his main task at the moment is to gain the power.
The results of the new government can be measured in very near future after the election but till then we need to focus on the stock market and invest wisely.