Cabraal to revive Sri Lankan economy with his magic recipe

ChooBoy

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Cabraals Magic formula

Low interest rates
Low inflation
Foreign exchange stability
Tax Heaven
Higher foreign reserves
Stock market boom
Cheaper foreign borrowings
Higher per capita income
Positive Balance of Trade
Higher GDP Growth
USD 100bn economy by 2021

Asia’s best investment destination 2025

Baba2020

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25% commission

Intrinsic

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ChooBoy wrote:Cabraals Magic formula

Low interest rates
Low inflation
Foreign exchange stability
Tax Heaven
Higher foreign reserves
Stock market boom
Cheaper foreign borrowings
Higher per capita income
Positive Balance of Trade
Higher GDP Growth
USD 100bn economy by 2021

Asia’s best investment destination 2025

Very Interesting ! What is the source, please ?

samaritan

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ChooBoy wrote:Cabraals Magic formula

Low interest rates
Low inflation
Foreign exchange stability
Tax Heaven
Higher foreign reserves
Stock market boom
Cheaper foreign borrowings
Higher per capita income
Positive Balance of Trade
Higher GDP Growth
USD 100bn economy by 2021

Asia’s best investment destination 2025

Certainly the country needs foreign assistance at this juncture and the present regime possesses the know-how to overcome the turbulence in the economic front.
What is listed above is achievable by the present team which has the capability.

rajini

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Last time he was a main culprit for share market manipulations than anybody else
He bought lot of craps for unthinkably high prices despite questions raised from his own staff.
Staff quoted "Governor think it was a reasonable price" (for this crap) each time.
He is truly a magician

samaritan

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"THE GREAT BOND COVER-UP: MOTHER OF ALL COVER-UPS" by Ajith Nivard Cabraal
“Enough is enough, and now I suggest to the Government that a new comprehensive legal inquiry be held soon, and those responsible should be named and shamed, deprived of their civic rights, and put in prison,” Cabraal charged at the launch of the book, titled “The Great Bond Scam Cover-Up: The Mother of All Cover-Ups”, authored by him. He said the book was a two-year project to compile evidence on the bond scam and the subsequent State-enabled cover-up.

dayandacool

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samaritan wrote:"THE GREAT BOND COVER-UP: MOTHER OF ALL COVER-UPS" by Ajith Nivard Cabraal
“Enough is enough, and now I suggest to the Government that a new comprehensive legal inquiry be held soon, and those responsible should be named and shamed, deprived of their civic rights, and put in prison,” Cabraal charged at the launch of the book, titled “The Great Bond Scam Cover-Up: The Mother of All Cover-Ups”, authored by him. He said the book was a two-year project to compile evidence on the bond scam and the subsequent State-enabled cover-up.

I believe his sister's name would also be there?? Neutral

samaritan

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dayandacool wrote:

samaritan wrote:"THE GREAT BOND COVER-UP: MOTHER OF ALL COVER-UPS" by Ajith Nivard Cabraal
“Enough is enough, and now I suggest to the Government that a new comprehensive legal inquiry be held soon, and those responsible should be named and shamed, deprived of their civic rights, and put in prison,” Cabraal charged at the launch of the book, titled “The Great Bond Scam Cover-Up: The Mother of All Cover-Ups”, authored by him. He said the book was a two-year project to compile evidence on the bond scam and the subsequent State-enabled cover-up.

I believe his sister's name would also be there?? :|

In his book, Cabraal recommend that the Government, among others, “punish all perpetrators and accomplices of the bond scam according to the law, without limiting punishment only to the errant primary dealer company, Perpetual Treasuries (Pvt) Ltd. and its officials.” to recover ill-gotten gains earned and enjoyed by the culprits, name and shame all those involved directly and indirectly, and recognise those whistle-blowers and State officials who stood against political pressure and reported on the scam.

rajini

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True Magic
http://www.ft.lk/opinion/misuse-of-epf-funds-case-against-rajapaksa-and-cabraal/14-457711

The complainant states that the loss is principally caused as a result of stock market manipulation caused through a mechanism referred to as ‘pumping and dumping’ whereby a low value ‘junk stocks’ are purchased by a select few widely referred to in the media as the ‘stock market mafia’, with full blessings of 1st accused and other members of the Monetary Board and there after ‘pumped up’ to enormous values, sometimes in the range of thousands of percent higher than the price originally purchased at by the persons belonging to the said ‘stock-market mafia’ and thereafter dumped upon the unsuspecting traders in the stock exchange and principally the Employers Provident Fund consequent to which the particular share in question falls back to its original and actual values.

4. The complainant states that a select few instances of such market manipulations are listed below:

The EPF incurred a loss of Rs. 700 million on an investment of Rs. 3000 million in Ceylon Grain Elevators PLC. At the time of investment the value of the share was Rs.250, and bought a further number of shares in its downward trend at a cost of Rs.185/share as a mitigatory measure. However the value of the share had fallen to Rs.55/share. However the total loss incurred as a result of investment in the said share exceeds a sum of Rs.1.02 billion as stated by Dr.Harsha De Silva.

In April 2012 the EPF invested Rs.280.5 million in Piramal Glass (Ceylon) Ltd. at Rs.6.20 per share increasing total shareholding of the company to 10%. However the price of the share fell to Rs.5.20 per share within a week of making the investment causing a loss of Rs. 50 million to the EPF.

Despite a debt of Rs.6.2 billion the EPF purchased 23.7 million shares of Galadari Hotels (Lanka) PLC, at a cost of Rs.32.50 per share from Nawaloka Hospitals and related parties increasing its stake by 13 percent. According to Nawaloka Hospitals Deputy Chairman and Chief Executive Officer Jayantha Dharmadasa it has been “a great relief” for them to get rid of the “burden” – Galadari Hotels (Lanka) PLC. The current trading price of Galadari Hotels (Lanka) PLC is approximately Rs.13/share causing a loss in excess of Rs. 500 million.

kasun_gimhana

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"without limiting punishment only to the errant primary dealer company, Perpetual Treasuries (Pvt) Ltd. and its officials.”

ha ha, We can assume what is going to happen. that frozen 12 billion will be released to Perpatual Treasuries.

kasun_gimhana

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Read this article bond scam A to Z

https://groundviews.org/2015/03/26/the-bond-issue-controversy-an-analysis/

Junior investor

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@kasun

if that happened then that is the beginning of the end of this government.

dayandacool

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Junior investor wrote:@kasun

if that happened then that is the beginning of the end of this government.

White collar crimes are committed without being noticed. Previous regime failed to hide the crime due to executive president and prime minister were from different parties. This time around, it will be different. Rolling Eyes

these are the same bunch of chaps. For the country's sake lets hope they have learnt their lesson from 2015 defeat. It's still too early to say anything. Need to give the government some time to see what happens.

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Cabraal to revive Sri Lankan economy with his magic recipe

1 Cabraal to revive Sri Lankan economy with his magic recipe Fri Aug 14, 2020 12:44 am

ChooBoy

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