Maharaja's Advice

Yahapalanaya · **261** Re: Maharaja's Advice Mon Aug 27, 2018 2:22 am

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samaritan wrote:DELIMITATION REPORT FORWARDED BY THE GOVT DEFEATED BY THE GOVT. SUBJECT MINISTER TOO VOTES AGAINST.

It shows how geniune government.It rejects independent comission report.Will it happen in previous goverment..

samaritan · **262** Re: Maharaja's Advice Mon Aug 27, 2018 8:20 am

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Yahapalanaya wrote:

samaritan wrote:DELIMITATION REPORT FORWARDED BY THE GOVT DEFEATED BY THE GOVT. SUBJECT MINISTER TOO VOTES AGAINST.

It shows how geniune government.It rejects independent comission report.Will it happen in previous goverment..

The rejection cost the nation 21.2Million.
You will know how genuine the Sri Lankan people are when they will independently reject this Govt at future elections. Maharaja's Advice - Page 11 Icon_lol

Maharaja · **263** Re: Maharaja's Advice Mon Aug 27, 2018 4:15 pm

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Simple example to explain next election result ;

1. ''Ranil & My3'' vs. Donkey = Donkey wins
2. ''Ranil & My3 & Chrandika'' vs. Donkey = Donkey wins
3. ''Ranil & My3 & Chrandika & Central bank robbers'' vs. Donkey = Donkey wins

So any opposition can beat the current government because economy is collapsing daily. And people will feel it when more companies close and jobs are lost. Today $ 163.30 !!
Bond market outflow record high because every foreign fund is selling SL bonds after they saw rulers robbing own country's central bank. People will pay for the robbery. More finance firms can go bankrupt, more taxes will come, we will pay higher interest rates even above 30% aer.

Now all we can do is wait and watch the sad recession our country faces in 2018/19.

Maharaja

skyfall · **264** Re: Maharaja's Advice Mon Aug 27, 2018 7:10 pm

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Maharaja. Dont lie man.

ruwan326 · **265** සුමනදාස junior=Maharaja Mon Aug 27, 2018 7:28 pm

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I have seen many crocks/blood suckers/manipulators etc in this forum, but never found such a pathetic coward like maharaja Mad

This is not a political forum Maharaja.

ruwan326 · **266** We did not forgot past Mon Aug 27, 2018 7:30 pm

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Share market scandal erupts in Sri Lanka-Saturday, 15 September 2012

World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators.

Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, just nine months after his appointment. The apparent reason for his ouster was that the SEC had commenced investigations into 17 companies accused of abusing the share market.
Maharaja's Advice - Page 11 01TVMAHINDA_RAJAPAK_909370e

Maharaja's Advice - Page 11 01TVMAHINDA_RAJAPAK_909370e

After his resignation, Karunaratne told the media of “daylight robbery” by a “stock market mafia” closely connected to Government leaders, including Rajapaksa.

Karunaratne is a politician as well as a businessman. He was a founding leader of the Sinhala chauvinist Jathika Hela Urumaya (JHU), then joined the right-wing United National Party (UNP). Just before the presidential election in January 2010, he switched to Rajapaksa’s Sri Lanka Freedom Party (SLFP).

The SEC is the “regulating authority” appointed by the president to oversee the Colombo stock market. Rajapaksa has used his powers to install chairpersons loyal to the Government. Karunaratne’s predecessor Indrani Sugathadasa, who resigned in similar circumstances, is the wife of the President’s Secretary, Lalith Weeratunga.

The latest scandal has provided a glimpse into the operations of a parasitic layer of financial speculators who have been nurtured by the Rajapaksa Government since the end of the country’s longstanding civil war. After the defeat of the Liberation Tigers of Tamil Eelam (LTTE) in May 2009, the Colombo all share price index soared — from 1,631 points in 2008 to 7,800 points in February 2011.

Rajapaksa pointed to the rocketing share prices as proof of his Government’s economic success. The financial press hailed “one of the best performing share markets in the world,” but the “success,” amid the global financial crisis, was built on rampant speculation.

In early 2011, the bubble burst and the index is currently hovering around 5,000 points. Foreign investors have been withdrawing funds and Colombo is rated as one of the world’s “worst performing” markets.

Karunaratne admitted that speculation had been a major factor in the share price rises. “The major contribution came from people who used unfair means in pumping up the market, which made it reach extreme high levels,” he told the media.
Maharaja's Advice - Page 11 IMG_0750

The former SEC Chairman has not named the 17 companies that he placed under investigation. But he hinted at their identities by citing cases where prices had dramatically risen between the end of 2009 and end of 2010. Over that year, the share prices of Dankotuwa Porcelain, Blue Diamonds, Asian Alliance Insurance, Lanka Hospitals and HVA Foods stock increased by 226, 270, 177, 204 and 394 per cent respectively.

A Sunday Times editorial last weekend, entitled ‘Jackals and mafia of crooks,’ commented: “It is common tattle that many of the 17 ‘suspects’ are closely linked to the ruling elite. This linkage extends to the level of financing the political campaigns of the rulers, and even more, acting for them as front men.”

In a scheme known as “pumping and dumping,” major dealers encouraged investors to put money into particular shares, promising huge returns. When the share price reached a certain level, the dealers sold out, making staggering profits, and prices fell sharply. Small share holders, who had in many cases invested their savings and pensions, were hit with heavy losses.

The Central Bank encouraged this speculative frenzy by releasing money from the Employees Provident Fund (EPF), the country’s biggest pension fund, to purchase shares, including in ailing companies such as Galadari Hotels, Laugfs Gas, Piramal Glass Ceylon, Ceylon Grain Elevators and Browns. The release of EPF cash for private sector investment was a longstanding demand of the International Monetary Fund (IMF).

The results have been disastrous. For example, the EPF purchased 23.7 million shares in the loss-making Galadari Hotels at a price of 32.50 rupees a share in 2010 from Nawaloka Hospitals. By July 2012, the share price had plummeted to 11 rupees, resulting in a loss of 500 million rupees for the EPF. Overall, the EPF had lost about 6 billion rupees by the middle of this year.

The newly-appointed SEC Chairman, Nalaka Godahewa, is well connected to the Government as well. He was given the job despite heading the Colombo Lands and Development (CLD), which is also under a cloud for share manipulation.

The CLD had been a prominent Colombo real estate developer but was restructured into a joint venture with the Urban Development Authority (UDA). In 2010, the Government put the UDA, a civilian body, under the Defence Ministry, which is headed by Gotabaya Rajapakse, the President’s brother.
Maharaja's Advice - Page 11 Nalaka-Godahewa

Maharaja's Advice - Page 11 Nalaka-Godahewa

The UDA is central to the Government plans to develop Colombo as a major “commercial hub,” primarily through the eviction of some 70,000 shanty dwellers. The security forces have already forcibly removed hundreds of families.

One of those recently identified by the media as a member of the “stock market mafia” also has government connections. Dilith Jayaweera, head of Divasa Equity, recently admitted meeting with Gotabaya Rajapaksa to discuss share market affairs. Gotabaya Rajapaksa arranged for Jayaweera, who was known for demanding a free hand for share dealers, to meet with SEC Chairman Karunaratne.

The eruption of the share market scandal points to deep dissatisfaction among layers of the corporate elite with the Rajapaksa Government and its business cronies. The Ceylon Chamber of Commerce has expressed concern over Karunaratne’s resignation, warning that it would send the wrong signal to foreign investors.

These divisions in ruling circles have opened up amid the worsening global economic breakdown, which is impacting heavily on the Sri Lankan economy through declining exports and an emerging balance of payments crisis.

The scandal has revealed a parasitic layer of speculators and share price manipulators operating in collaboration with the government, which will inevitably attempt to pass the burden of the losses onto the working people.

http://www.ft.lk/article/109712/Share-market-scandal-erupts-in-Sri-Lanka

Maharaja · **267** 163.30 dollar Mon Aug 27, 2018 10:23 pm

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Sky fall,

Maharaja never lie
Below is Commercial bank rates today

skyfall · **268** Re: Maharaja's Advice Tue Aug 28, 2018 1:58 am

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Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects?

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

ruwan326 · **269** Re: Maharaja's Advice Tue Aug 28, 2018 4:21 am

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skyfall wrote:Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects?

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

I don't think Maharaja can answer these questions Wink

He is a trained parrot and only say Market crash for any matter.....I bet If he got even loose motion he blame Ranil/M3 lol!

ruwan326 · **270** Re: Maharaja's Advice Tue Aug 28, 2018 8:23 am

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Maharaja wrote:Sky fall,

Maharaja never lie
Below is Commercial bank rates today

Why COM bank Very Happy

??????
https://www.cbsl.gov.lk/en/rates-and-indicators/exchange-rates

samaritan · **271** Re: Maharaja's Advice Tue Aug 28, 2018 8:56 am

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There are allegations that manipulations took place at the CSE under the former regime. As far as stock market manipulations and insider tradings are concerned, there are cases that can be cited even in countries like the USA & Australia. Raj Rajaratnam(USA), Former Bond Corp boss in Australia. If more search is done there are several cases that can be unearthed all around the world.

BUT

Can anyone cite a single case in any part of the world where a nation's Central Bank had been robbed with the connivance of the VIPs of the ruling Govt?????????

As i have stated earlier the scam can be compared to a massive earth quake (9+ on richter scale) in the country's financial system, the effects of which will be felt for long years to come. Sad plight!

Maharaja · **272** Re: Maharaja's Advice Tue Aug 28, 2018 8:58 am

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90% of businesses borrow from banks, that is the currency cost we take for accounts. Not central bank nominal rates. Hope you understand.

I see skyfall and Ruwan taking me into political fights.
I will not comment on it again to waste time.
Only advise is if you are happy with current economy and situation please vote for government and bring them to power. Until that day let us talk about economy and cse only.

Maharaja

samaritan · **273** Re: Maharaja's Advice Tue Aug 28, 2018 9:22 am

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skyfall wrote:Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects?

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

Indian Rupee has remained strong & steady for long years and may be faced with decline at the moment. But SLR has been sliding all the time.

Maharaja · **274** Re: Maharaja's Advice Tue Aug 28, 2018 9:28 am

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Today LKR has gone further down thanks to good governance and proud central bank robbers.

CSE will have the worse time ahead.

Maharaja

samaritan · **275** Re: Maharaja's Advice Tue Aug 28, 2018 10:00 am

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PARTNERS IN YAHAPALANAYA!

skyfall · **276** Re: Maharaja's Advice Tue Aug 28, 2018 10:43 am

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samaritan wrote:

skyfall wrote:Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects?

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

Indian Rupee has remained strong & steady for long years and may be faced with decline at the moment. But SLR has been sliding all the time.

Here comes Maharaja part two.

Pretty much all 3rd world countries currencies are sliding against USD to boost their exports. Our case is worse cause of this mammoth debt traps thanks to the king.

samaritan · **277** Re: Maharaja's Advice Tue Aug 28, 2018 11:00 am

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skyfall wrote:

samaritan wrote:

skyfall wrote:Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects?

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

Indian Rupee has remained strong & steady for long years and may be faced with decline at the moment. But SLR has been sliding all the time.

Here comes Maharaja part two.

Pretty much all 3rd world countries currencies are sliding against USD to boost their exports. Our case is worse cause of this mammoth debt traps thanks to the king.

Here comes ruwan326 part two.

Leave alone the prevailing situ. SLR has been steadily sliding over past few years. Our case will always be worse owing to the massive bond scam lead by tie coat wearing thief and a bunch of rob bers. Thanks to the Goo Governance!

samaritan · **278** Re: Maharaja's Advice Tue Aug 28, 2018 11:19 am

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Now the reasoning given is sliding SLR is to boost exports. This is a big joke! India's case it may be. But in our case the benefits would be minimal owing to value addition to exports are imported. Let's wait and see how the exports are going to get boosted.

The country's economy is screwed and share market will hit rock bottom next year.

samaritan · **279** Re: Maharaja's Advice Tue Aug 28, 2018 11:42 am

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samaritan wrote:
PARTNERS IN YAHAPALANAYA!

SURVIVAL TECHNIQUE! Maharaja's Advice - Page 11 Icon_lol

AT WHAT COST??????????????

ruwan326 · **280** Re: Maharaja's Advice Tue Aug 28, 2018 11:49 am

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samaritan wrote:
PARTNERS IN YAHAPALANAYA!

බඩුත් හාමුදුරුවන්ගේ -නඩුත් හාමුදුරුවන්ගේ

සමහරක් කශේරුකාවක් නොමැතිව අඳ බාල වදන් පවසමින් දේශපාලුවන්ගේ පශ්චාත් භාගය සිපගනිති............. ජනාධිපති/අගමැති මොකා උනත් ජනතාව හැමදාම ආණ්ඩුවේ බර ඇදිය යුතුය.ජනතාව ඉදිරියේ එක රඟපෑමකි ,නැති තැන මිත්‍රයෝය...වසර 5-6 සිට මා දේශපාලනය නමැති මඩ ගොඩට නොබසිමි.දේශපාලනයේ සැබෑ තත්වය අවබෝධ වේවා .... Forum එකේ දේශපාලනය නොකර මිරිස් ගහක් වත් වවාගත්තොත් නරකද 2020 එනකන් බලන් ඉන්න එකේ??????? .......

skyfall · **281** Re: Maharaja's Advice Tue Aug 28, 2018 12:00 pm

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Hahaha Samaritan. Go and figure out the sliding of Indian rupee in last few years by yourself before open your genius mouth.
+
King spent far too much money in non cash generating projects. Someone (all Srilankans except the elite) has pay it back. No surprise there to see the SL rupee sliding.

samaritan · **282** Re: Maharaja's Advice Tue Aug 28, 2018 12:02 pm

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samaritan wrote:There are allegations that manipulations took place at the CSE under the former regime. As far as stock market manipulations and insider tradings are concerned, there are cases that can be cited even in countries like the USA & Australia. Raj Rajaratnam(USA), Former Bond Corp boss in Australia. If more search is done there are several cases that can be unearthed all around the world.

BUT

Can anyone cite a single case in any part of the world where a nation's Central Bank had been robbed with the connivance of the VIPs of the ruling Govt?????????

As i have stated earlier the scam can be compared to a massive earth quake (9+ on richter scale) in the country's financial system, the effects of which will be felt for long years to come. Sad plight!

Ha Ha Haa Skyfall, Who pays for this??????

samaritan · **283** Re: Maharaja's Advice Tue Aug 28, 2018 12:07 pm

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TRADE GAP WIDENS IN JUNE AS IMPORTS CONTINUE TO OUTSPACE EXPORTS! (Mirror Business of today).

In the backdrop of a falling rupee!!!

Maharaja · **284** Re: Maharaja's Advice Tue Aug 28, 2018 1:43 pm

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skyfall wrote:Hahaha Samaritan. Go and figure out the sliding of Indian rupee in last few years by yourself before open your genius mouth.
+
King spent far too much money in non cash generating projects. Someone (all Srilankans except the elite) has pay it back. No surprise there to see the SL rupee sliding.

I agree with Skyfall about non-cash generating projects. A big problem for nation.

Last regime was bad but this is worse.

Problem is this government did zero work. They only sold all assets and spend for day to day expenses, took more loans (borrowings for the 4 years > last regime total borrowing), and put full blame on others for everything. Zero investments & FDIs and stopped all investments like port city for 2 years. No control over any public function like transport, medical or postal depts. Zero political stability - Highly unstable government. Bond market historic outflows, CSE continous f.outflows, rupee running towards 200/-, interest rates closing 30% aer by 2019 middle.
I can continue but waste of time.

I expect big taxes from budget targeting all sectors.

Maharaja

ranferdi · **285** Re: Maharaja's Advice Tue Aug 28, 2018 2:28 pm

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Maharaja wrote:

skyfall wrote:Hahaha Samaritan. Go and figure out the sliding of Indian rupee in last few years by yourself before open your genius mouth.
+
King spent far too much money in non cash generating projects. Someone (all Srilankans except the elite) has pay it back. No surprise there to see the SL rupee sliding.

I agree with Skyfall about non-cash generating projects. A big problem for nation.

Last regime was bad but this is worse.

Problem is this government did zero work. They only sold all assets and spend for day to day expenses, took more loans (borrowings for the 4 years > last regime total borrowing), and put full blame on others for everything. Zero investments & FDIs and stopped all investments like port city for 2 years. No control over any public function like transport, medical or postal depts. Zero political stability - Highly unstable government. Bond market historic outflows, CSE continous f.outflows, rupee running towards 200/-, interest rates closing 30% aer by 2019 middle.
I can continue but waste of time.

I expect big taxes from budget targeting all sectors.

Maharaja

You agree last regime borrowings was a big problem for nation??

All other issues that you are mentioning which is happening right now is the result of those borrowings, So root cause is last regime.. But Still this government doesn't have a concrete plan to overcome all issues. But we have not choice... Be careful whisle blowing too much on the current government issues only will bring back previous regime...

skyfall · **286** Re: Maharaja's Advice Tue Aug 28, 2018 4:24 pm

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It's a shame that none of the governments since independence had tried to trim down the government sector jobs. It's a burden to the nation.
What the government earns not enough to cover even the expenses let alone debt repayment.
Whoever comes to power tomorrow has to get bigger loans to cover their asses.
Shame still we all go behind big two parties

Maharaja · **287** Re: Maharaja's Advice Wed Aug 29, 2018 8:45 am

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Keep calm and watch. ASI will hit 5800
The central bank robbers are trying to hide the economic crisis by using EPF money to stop index falling. When everyone is trying to sell the stocks government is going to buy. Why ?? Because no one else will buy at CSE for next 15 months.

Maharaja

samaritan · **288** Re: Maharaja's Advice Wed Aug 29, 2018 9:22 am

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Maharaja wrote:Keep calm and watch. ASI will hit 5800
The central bank robbers are trying to hide the economic crisis by using EPF money to stop index falling. When everyone is trying to sell the stocks government is going to buy. Why ?? Because no one else will buy at CSE for next 15 months.

Maharaja

Wish the market turns bullish at least now.

ruwan326 · **289** Are you from Sri lanka??????? Wed Aug 29, 2018 10:46 am

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Maharaja wrote:Keep calm and watch. ASI will hit 5800
The central bank robbers are trying to hide the economic crisis by using EPF money to stop index falling. When everyone is trying to sell the stocks government is going to buy. Why ?? Because no one else will buy at CSE for next 15 months.

Maharaja

Are you a human being??????

skyfall · **290** Re: Maharaja's Advice Wed Aug 29, 2018 10:59 am

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King's time also market hit 4100.

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282 Re: Maharaja's Advice Tue Aug 28, 2018 12:02 pm

samaritan

283 Re: Maharaja's Advice Tue Aug 28, 2018 12:07 pm

samaritan

284 Re: Maharaja's Advice Tue Aug 28, 2018 1:43 pm

Maharaja

285 Re: Maharaja's Advice Tue Aug 28, 2018 2:28 pm

ranferdi

286 Re: Maharaja's Advice Tue Aug 28, 2018 4:24 pm

skyfall

287 Re: Maharaja's Advice Wed Aug 29, 2018 8:45 am

Maharaja

288 Re: Maharaja's Advice Wed Aug 29, 2018 9:22 am

samaritan

289 Are you from Sri lanka??????? Wed Aug 29, 2018 10:46 am

ruwan326

290 Re: Maharaja's Advice Wed Aug 29, 2018 10:59 am

skyfall

291 Re: Maharaja's Advice

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