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

Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Submit Post

Latest topics

» පුංචි මුදලට ලොකු ලාභයක් Asph
by vikiperera Today at 5:24 pm

» Market likely to begin its downward trend soon!
by MarketWch Today at 4:54 pm

» CSE ANNOUNCED FROM TOMORROW TRADING WILL CONTINUE TILL 2.30 PM
by Junior investor Today at 3:44 pm

» කොටස් වෙළෙඳපොළ ආයෝජනය- හඳුන්වාදීමේ වැඩමුළුව
by Soilconomy Today at 9:28 am

» Teller Live on Youtube
by Teller Yesterday at 10:24 pm

» REEF Group shares
by jaya Yesterday at 9:38 pm

» SLT.N0000 hacked by dangerous Ransomware virus - Revil
by wallstreetguy Yesterday at 5:38 pm

» RENUKA AGRI FOODS PLC (RAL.N0000)
by Soilconomy Yesterday at 5:13 pm

» OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)
by st clair's Yesterday at 2:33 pm

» THE FINANCE COMPANY PLC (TFC.N0000)
by Quibit Yesterday at 10:02 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by vikiperera Sun May 24, 2020 9:47 pm

» SAMPATH BANK PLC (SAMP.N0000)
by lbnnirmal Sun May 24, 2020 9:27 pm

» Doubts in predictions
by prabath Fri May 22, 2020 9:50 pm

» Shares to Buy
by reyaz Fri May 22, 2020 3:06 pm

» ප‍්‍රකට බැංකුවක ATM ආරක්ෂක දෝෂයක්..? හැකරුන්ට ඔබගේ මුදල් දත්ත වෙත ප්‍රවේශ වීමට හැකියි..?
by yasitha1989 Fri May 22, 2020 1:50 pm

» JOHN KEELLS HOLDINGS PLC (JKH.N0000)
by ColomboCSE Fri May 22, 2020 1:48 pm

» HATTON NATIONAL BANK PLC
by jaya Fri May 22, 2020 1:19 pm

» Interest Refunds
by EGG Fri May 22, 2020 8:44 am

» LANKA IOC PLC (LIOC.N0000)
by MoneyLover Thu May 21, 2020 9:49 pm

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by Dum87 Thu May 21, 2020 7:03 pm

» CEYLON GRAIN ELEVATORS PLC (GRAN.N0000)
by 100Bill Thu May 21, 2020 6:18 pm

» HNB FINANCE PLC (HNBF.N0000)
by anges Thu May 21, 2020 1:14 pm

» What will happen tomorrow?
by Rational Investor Thu May 21, 2020 12:45 pm

» PANASIAN POWER PLC (PAP.N0000)
by Sanju121 Thu May 21, 2020 10:58 am

» ROYAL CERAMICS PLC (RCL.N0000)
by Teller Thu May 21, 2020 10:20 am

» EAST WEST PROPERTIES PLC (EAST.N0000)
by Dr_CSE Wed May 20, 2020 9:12 am

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Who is online?
In total there are 161 users online :: 14 Registered, 0 Hidden and 147 Guests

agentnrox, ANTON1234, AsithaDe, bhanu, Equityinvestor, MarketWch, nigma, npgslnawa, player, sahan8896, Sharetrade, Soilconomy, Thush123, vikiperera

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Statistics
We have 22757 registered users
The newest registered user is faiz1431

Our users have posted a total of 350168 messages in 52068 subjects

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » IMF delays Sri Lanka's loan discussion on political crisis

IMF delays Sri Lanka's loan discussion on political crisis

Go down  Message [Page 1 of 1]

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due to the country’s political crisis.
The IMF has disbursed over $1 billion out of a $1.5 billion three-year extended fund facility (EFF) loan it agreed in 2016. The aim was to avert a financial crisis and support the economic reform agenda of the government then in power.
That government was sacked on Oct. 26 by President Maithripala Sirisena due to differences with former prime minister Ranil Wickremesinghe, who was backing social market economic policies.
Since the removal of Wickremesinghe, Sirisena has dissolved the parliament and called for a fresh election, but the Supreme Court last week ordered a suspension of that decree until it had heard petitions challenging the move as unconstitutional.
In September, the IMF said its mission had made significant progress towards “reaching a staff-level agreement with the government on completing the fifth review of the EFF and discussions will continue during the annual meetings of the IMF and World Bank in October”.
On Tuesday an IMF spokesman told Reuters via email: “We are monitoring the situation and remain in close contact with our technical counterparts in Sri Lanka.”
“Program discussions on the 5th review of the IMF’s Extended Fund Facility are currently on hold, pending clarity on the political situation.”
After completion of the fifth review Sri Lanka would expect to receive a sixth tranche of about $250 million. The total loan was expected to have been disbursed with a seventh tranche by mid 2019.
The political crisis has hit the economy. Already the rupee currency has fallen about 1.8 percent since the crisis unfolded last month. On Monday, the rupee fell to a record low of 177.20 per dollar. Foreign investors have pulled out more than 30 billion rupees ($169.5 million) since the crisis unfolded on Oct. 26.
Moody’s also downgraded Sri Lanka on Tuesday for the first time since it started rating the country in 2010, blaming a political crisis for exacerbating already problematic finances. (Reuters)

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Miss-Sangeetha wrote:
The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due to the country’s political crisis.
The IMF has disbursed over $1 billion out of a $1.5 billion three-year extended fund facility (EFF) loan it agreed in 2016. The aim was to avert a financial crisis and support the economic reform agenda of the government then in power.
That government was sacked on Oct. 26 by President Maithripala Sirisena due to differences with former prime minister Ranil Wickremesinghe, who was backing social market economic policies.
Since the removal of Wickremesinghe, Sirisena has dissolved the parliament and called for a fresh election, but the Supreme Court last week ordered a suspension of that decree until it had heard petitions challenging the move as unconstitutional.
In September, the IMF said its mission had made significant progress towards “reaching a staff-level agreement with the government on completing the fifth review of the EFF and discussions will continue during the annual meetings of the IMF and World Bank in October”.
On Tuesday an IMF spokesman told Reuters via email: “We are monitoring the situation and remain in close contact with our technical counterparts in Sri Lanka.”
“Program discussions on the 5th review of the IMF’s Extended Fund Facility are currently on hold, pending clarity on the political situation.”
After completion of the fifth review Sri Lanka would expect to receive a sixth tranche of about $250 million. The total loan was expected to have been disbursed with a seventh tranche by mid 2019.
The political crisis has hit the economy. Already the rupee currency has fallen about 1.8 percent since the crisis unfolded last month. On Monday, the rupee fell to a record low of 177.20 per dollar. Foreign investors have pulled out more than 30 billion rupees ($169.5 million) since the crisis unfolded on Oct. 26.
Moody’s also downgraded Sri Lanka on Tuesday for the first time since it started rating the country in 2010, blaming a political crisis for exacerbating already problematic finances. (Reuters)

Power Greedy Duo keeping country to ransom

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

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... Crying or Very sad Crying or Very sad Crying or Very sad

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... Crying or Very sad Crying or Very sad Crying or Very sad

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.

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

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ranferdi wrote:
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... Crying or Very sad Crying or Very sad Crying or Very sad

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.
Any chance of help from Swaziland?????? Wink

IMF delays Sri Lanka's loan discussion on political crisis  Xxxxxx10

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@ranferdi wrote:
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... :cry: :cry: :cry:

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.
Any chance of help from Swaziland?????? ;)

IMF delays Sri Lanka's loan discussion on political crisis  Xxxxxx10
The looted money from the Central Bank will be of help if recovered.IMF delays Sri Lanka's loan discussion on political crisis  Icon_biggrin

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@samaritan wrote:
@ruwan326 wrote:
@ranferdi wrote:
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... Crying or Very sad Crying or Very sad Crying or Very sad

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.
Any chance of help from Swaziland?????? Wink

IMF delays Sri Lanka's loan discussion on political crisis  Xxxxxx10
The looted money from the Central Bank will be of help if recovered.IMF delays Sri Lanka's loan discussion on political crisis  Icon_biggrin

Perpetual money 12.5 billion in custody of CB. 

What about recovering Avant Gaurde case losses to SLG which is estimated at 11 billion too.

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

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ranferdi wrote:
@samaritan wrote:
@ruwan326 wrote:
@ranferdi wrote:
@Yahapalanaya wrote:
@samaritan wrote:COOMY PUNCHES MOODY'S


CB hits back at Moody's:
Calls rating downgrade unwarranted & unjustifiable.
Who will listen to CB under illegitimate government not recognised by international community... :cry: :cry: :cry:

Anyways They will have no worries I think the Poli Mudalali China will come to rescue with 8% Interest rate. 
The people of banana land can have further period of austerity later when these loan repayments arrive.
Any chance of help from Swaziland?????? ;)

IMF delays Sri Lanka's loan discussion on political crisis  Xxxxxx10
The looted money from the Central Bank will be of help if recovered.IMF delays Sri Lanka's loan discussion on political crisis  Icon_biggrin

Perpetual money 12.5 billion in custody of CB. 

What about recovering Avant Gaurde case losses to SLG which is estimated at 11 billion too.
Mastermind of the bond scam is roaming freely in a bullet proof car where bullets cannot enter but could exit. Bond scam caused at least 15 year long negative impact to the country's economy as stated by MS and also resulted in mkt int rates to go up by 3%. Furthermore the loss of reputation to the country is immeasurable.
 Avant Guarde case is pending.

Sponsored content


Back to top  Message [Page 1 of 1]

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