නිමල් පෙරේරා “බොක්කෙන්ම” කතා කරයි

rijayasooriya

rijayasooriya

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MoneyLover wrote: I guess this is not a good news for DP too, as Nimal is his investor advisor.

මලකෙලියය්......!
වැලිබල් වන්ටත් කෙලවෙය්ද?

StocksWatch

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It is sad that a person like Nimal Perera (who is sitting in several director boards of reputed public companies in SL) is publicly trying to justify insider trading which is considered as a financial crime in most countries in the world.

It is even sad to see people coming forward to appreciate him for doing so!

MoneyLover

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rijayasooriya wrote:

MoneyLover wrote: I guess this is not a good news for DP too, as Nimal is his investor advisor.

මලකෙලියය්......!
වැලිබල් වන්ටත් කෙලවෙය්ද?

I don't think there will be negative effect to VONE and other stocks and I didn't mean either.

However, Nimal must be more responsible when talking in public about similar matters, as what he told was not par with a widely accepted principals. All we know, Nimal is the one who run the companies of DP, including VONE.

No locals, but foreigners for sure will take this as a negative factor (but don't worry foreigners are not active these days), however, if DP want to develop VONE as another respectable conglomarate like JKH... better keep Nimal little away from it.

mono

mono

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to be fair to nimal. My general impression is that LFIN & RCL reports rarely get leaked. For example to LFIN came up with very good numbers today but there was no pre-publication rally.

Rajaraam

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MoneyLover wrote:

rijayasooriya wrote:

MoneyLover wrote: I guess this is not a good news for DP too, as Nimal is his investor advisor.

මලකෙලියය්......!
වැලිබල් වන්ටත් කෙලවෙය්ද?

I don't think there will be negative effect to VONE and other stocks and I didn't mean either.

However, Nimal must be more responsible when talking in public about similar matters, as what he told was not par with a widely accepted principals. All we know, Nimal is the one who run the companies of DP, including VONE.

No locals, but foreigners for sure will take this as a negative factor (but don't worry foreigners are not active these days), however, if DP want to develop VONE as another respectable conglomarate like JKH... better keep Nimal little away from it.

yes, you are correct. I fully agree with you.

econ

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This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

MarketResearch

MarketResearch

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econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

All the Directors must be Educated?
The All Educated people must be Directors?
All uneducated people should not be Directors?

Academic

Academic

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econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

+ rep. This is visible especially when those "gentlemen" earn their initial wealth through unethical manner like gambling, manipulations etc. Though uneducated (formally) businessmen like Hettigoda-Sidhalepa, Hinni Appuhami- Maliban, Samson - DSI adhere/d to higher ethical standards. They are the real businessmen in Sri Lanaka.

What is the value created by someone for the economy who purchase something for 10 and selling it for 20. Real producers like above businessmen are real stars.

lokuayya

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i saw in the English news item about this speech , he has stated that regulators and insiders are a closed knit community,and they talk freely about inside matters.(see sri lanka stockpicks web)
I like to hear what our regulators say about this.Do they deny it or accept it?

"Mewwata thamai kiyanne wetath niyarath goyam ka nam kaata kiyannada ea amaaruwa"

kam2011

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lokuayya, I 100% agree with you. But be careful. There are few ppl here who get angry and start hammering when someone blames regulators and insiders.

mono

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econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

That's utter nonsense. education or qualifications are never a substitute for virtue. both kotalawala & madoff were both qualified and at least in the later case highly educated.

ruwan49

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how about JKH chairman............same caliber..but a good gentlement

MoneyLover

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ruwan49 wrote:how about JKH chairman............same caliber..but a good gentlement

I think we should not even compare with Nimal .....

We should not mix "Traders" with "Business Leaders" !!
I keen to here from SLID (Sri Lanka Institute of Directors), about Nimal's statement at a forum organized by SLID, which always promote Good Governance, Board room ethics.... etc.

As I know SLID have code of ethics that suppose to be followed by members. Then, does SLID ready to call Nimal infornt of Ethics commitee of SLID ??? (as per DailyFT news SLID memebrs were made unconfortable by the statement of Nimal at the forum)

We can't except anything from SEC... even they didn't have courage to object what Nimal said, But, IMF Representative in Sri Lanka has give him a good reply....

mono

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MoneyLover wrote:

ruwan49 wrote:how about JKH chairman............same caliber..but a good gentlement

I think we should not even compare with Nimal .....

We should not mix "Traders" with "Business Leaders" !!
I keen to here from SLID (Sri Lanka Institute of Directors), about Nimal's statement at a forum organized by SLID, which always promote Good Governance, Board room ethics....

As I know SLID have set of code of ethics that suppose to be followed by members. Then, does SLID ready to call Nimal infornt of Ethics commitee of SLID ??? (as per DailyFT news SLID memebrs were made unconfortable at the time Nimal delivers his speech)

We can't except anything from SEC... even they didn't have courage to object what Nimal said, But, IMF Representative in Sri Lanka has give him a good reply....

What was most troubling is that in that FT.lk article almost all of the panelist and other reputable people who spoke out basically supported Nimals position. On one hand i understand nimaal saying that he can't buy or sell shares with brokers knowing about it. But his comment about aunties & thier boyfriends was very short sighted and the IMF chaps reply was 'on the money'

MarketResearch

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mono wrote:

econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

That's utter nonsense. education or qualifications are never a substitute for virtue. both kotalawala & madoff were both qualified and at least in the later case highly educated.

Mono. Agree with you Machan.

That Crazy Paper qualifications.

UKboy

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All traders in America = Professional traders
All traders in Sri Lanka = Manipulators

rijayasooriya

rijayasooriya

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සම හරක්ට සුද්දගෙ පස්ස පැත්තත් සුවඳලු......

rijayasooriya

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mono wrote:

econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

That's utter nonsense. education or qualifications are never a substitute for virtue. both kotalawala & madoff were both qualified and at least in the later case highly educated.

Totally agreed with u.+ rep from me.
This western education system will not create an ethical person.

swan03

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UKboy wrote:All traders in America = Professional traders
All traders in Sri Lanka = Manipulators

Who say so?

econ

econ

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rijayasooriya wrote:

mono wrote:

econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

That's utter nonsense. education or qualifications are never a substitute for virtue. both kotalawala & madoff were both qualified and at least in the later case highly educated.

Totally agreed with u.+ rep from me.
This western education system will not create an ethical person.

then which system create ethical person?

econ

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UKboy wrote:All traders in America = Professional traders
All traders in Sri Lanka = Manipulators

I do not think so.
many brokers in the US are also insider dealers and manipulators.
no exception whether SL or US.

rijayasooriya

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econ wrote:

rijayasooriya wrote:

mono wrote:

econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

That's utter nonsense. education or qualifications are never a substitute for virtue. both kotalawala & madoff were both qualified and at least in the later case highly educated.

Totally agreed with u.+ rep from me.
This western education system will not create an ethical person.

then which system create ethical person?

That is the problem.
Our experts in this field should completely revise the education system.

mono

mono

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econ wrote:

rijayasooriya wrote:

mono wrote:

econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

That's utter nonsense. education or qualifications are never a substitute for virtue. both kotalawala & madoff were both qualified and at least in the later case highly educated.

Totally agreed with u.+ rep from me.
This western education system will not create an ethical person.

then which system create ethical person?

it might be impossible to what exactly moulds a person into a ethical one. But education & qualification will certainly not guarantee ethical behavior.

MarketSIRA

MarketSIRA

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econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

When people are highly educated they do the biggest crimes in the world...'Those crimes are called White Collar Crimes'...

And remember in ten years time Sri Lanka will have a 'Bernard Madoff'...Madoff was the SEC Regulator-Chairman in America...So guess who is going to be 'Madoff' of Sri Lanka...may be a one position less than Madoff... bounce

..Someone with tight Buckles..that's my guess...

econ

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mono wrote:

econ wrote:

rijayasooriya wrote:

mono wrote:

econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

That's utter nonsense. education or qualifications are never a substitute for virtue. both kotalawala & madoff were both qualified and at least in the later case highly educated.

Totally agreed with u.+ rep from me.
This western education system will not create an ethical person.

then which system create ethical person?

it might be impossible to what exactly moulds a person into a ethical one. But education & qualification will certainly not guarantee ethical behavior.

Yes education will not create a person with good ethics for 100%. at least education help to create person with good ethics.

econ

econ

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rijayasooriya wrote:

econ wrote:

rijayasooriya wrote:

mono wrote:

econ wrote:This happens when unqualified,uneducated people who earn so much money and become directors of the company. They do not care about rules,ethics,regulations etc. they only care about the profits. this is same for politicians who govern the country.

That's utter nonsense. education or qualifications are never a substitute for virtue. both kotalawala & madoff were both qualified and at least in the later case highly educated.

Totally agreed with u.+ rep from me.
This western education system will not create an ethical person.

then which system create ethical person?

That is the problem.
Our experts in this field should completely revise the education system.

I think the purpose of education whether western or eastern is to help creating a person with imbibing moral and ethical values.
I agree education will not create a ethical person for certain. however education at least help.

kumudu

kumudu

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SEC itself is a insider

Sstar

Sstar

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Interesting to read

manolanka

manolanka

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First CSE actions should be ethical. I agreed with Mr. Nimal 50%. But I am not agreed with allowing Insider Trading. Description of this law is not materialize. Now Manipulation is doing among high level investors. Anyhow, retail investors must carefully when tradings.

chinthaka22

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come on, only reason the man is able to say what he wants is because he has the Govt backing his actions.
But calm down people ,if we try to follow him the only place we will ed up is , behind bars

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