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
සිංහල පරිවර්තනය
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1136 ]
27% 27% [ 424 ]

Total Votes : 1560

Latest topics
» Anyone ready for the super September ?
by sharemarket Today at 7:53 pm

» You still do not believe in the earnings on the Internet?
by ruwan326 Today at 7:39 pm

» New Tax Reform Bill to impose a stock trading tax? - Reuters
by Ran49 Today at 7:25 pm

» LDEV gonna be a Gem soon
by ruwan326 Today at 7:17 pm

» Sri Lanka, the First Asian country to become the Victim of China’s Debt Trap.
by soileconomy Today at 5:11 pm

» Yahapalanaya Hits on financials-Listed companies
by nigma Today at 4:59 pm

» Vehicle Prices
by worthiness Today at 3:05 pm

» RWSL Dividend Rs. 0.15 per share / Final Dividend
by MasterD Today at 2:32 pm

» Life Insurance Companies to be affected by new Tax Bill?
by DS Wijesinghe Today at 1:42 pm

» SIRA loss increased by 270℅
by gdid Today at 1:34 pm

» How to send privet Massages here
by Teller Today at 1:07 pm

» where is AINV financials
by Teller Today at 11:56 am

» Apla huge profit drop,-76%
by Teller Today at 11:52 am

» LOFC Chart 28.04.2017 (weekly chart)
by stockback Today at 10:32 am

» BIL will give you quick 10% return
by sharemarket Today at 9:49 am

» Motor bike tax reduction by 90℅
by Harry82 Today at 9:19 am

» Market is falling continuously
by soileconomy Today at 7:43 am

» Harry J-led Japanese consortium makes UL offer in writing
by DS Wijesinghe Yesterday at 7:22 pm

» Banking sector financial soundness indicators stable: IMF
by DS Wijesinghe Yesterday at 7:12 pm

» DUTY OF CSE & SEC
by niru Yesterday at 3:07 pm

» JKH will settle @ 160
by Teller Yesterday at 1:52 pm

» Abans in mega Shopping Mall project : Fitch report
by Wimal Modawansa Yesterday at 12:03 pm

» Nest profit down by 33.4℅ YOY
by Teller Yesterday at 11:48 am

» LOLC will hit again
by sharemarket Yesterday at 11:44 am

» I Quit CSE today and Enter NASDAQ/TDWL
by D.G.Dayaratne Yesterday at 11:24 am

» RENUKA CAPITAL PLC (KZOO)
by Namal Yesterday at 8:13 am

» PABC Bank..
by Chinth Wed Aug 16, 2017 9:56 pm

» CSEC and CFVF
by ruwan326 Wed Aug 16, 2017 7:07 pm

» Is AINV.N going to its END
by Teller Wed Aug 16, 2017 5:56 pm

» ABOUT BFL.....
by Deen79 Wed Aug 16, 2017 3:15 pm

» CHOT 62% loss QOQ
by Teller Wed Aug 16, 2017 2:10 pm

» Sri Lanka: Stock Market - Blood Bath on First Day of Ranil's fourth Term lead UNP Government - over 500,000 Investors are awaiting Rs.500,000 per investor Margin Trading promise given in UNP Manifesto amounting to over Rs.250 Billion
by DS Wijesinghe Wed Aug 16, 2017 1:52 pm

» BINARY OPTION TRADING
by samaritan Wed Aug 16, 2017 1:49 pm

» FLCH-First to decalre Div?
by Agape Wed Aug 16, 2017 10:54 am

» COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA
by samaritan Wed Aug 16, 2017 10:02 am

» sell and exit from CSE
by nigma Wed Aug 16, 2017 8:35 am

» Today ASPI 45 points down???? JKH 160/50
by nigma Wed Aug 16, 2017 8:21 am

» YORK RS. 1.00 DIVIDEND........?
by wisdom79 Wed Aug 16, 2017 7:24 am

» COCR IN TROUBLE?
by Chinwi Wed Aug 16, 2017 7:22 am

» Teller .Equity stars 12123....
by Teller Tue Aug 15, 2017 11:14 pm

» PABC TO BE FINED !
by Teller Tue Aug 15, 2017 11:09 pm

» plantation shares.....
by Captain Tue Aug 15, 2017 11:01 pm

» FLCH Browns Capital
by hanuma Tue Aug 15, 2017 10:31 pm

» COCR profit declined QoQ by 19℅
by Teller Tue Aug 15, 2017 6:13 pm

» Advertise on Sri Lankas' No.1 Stock Market Forum!!
by Teller Tue Aug 15, 2017 6:11 pm

» ABANS FINANCE UNDER INVESTIGATION BY CSE AND SEC?
by Wimal Modawansa Tue Aug 15, 2017 5:24 pm

» KHL 380℅ lost QOQ
by samaritan Tue Aug 15, 2017 5:12 pm

» Open an Account with https://expertoption.com/?refid=10784
by jayasurya1126 Tue Aug 15, 2017 3:46 pm

» COUNTRY HEADED TOWARDS A BOP CRISIS !
by skyfall Tue Aug 15, 2017 11:11 am

» Hemas Profitability drops, CEO Steven Enderby warns tough times ahead but confident of HHL future growth
by reyaz Tue Aug 15, 2017 10:10 am

» PROPERTY BUBBLE IS IMMINENT !
by reyaz Tue Aug 15, 2017 10:05 am

» ELPITIY Good Profit
by visvajith Tue Aug 15, 2017 9:37 am

» භාණ්ඩාගාර බිල්පත් පොළිය තවදුරටත් පහළට
by stockback Mon Aug 14, 2017 10:44 pm

» Plantation Shares...
by Captain Mon Aug 14, 2017 10:12 pm

» watch CTBL & ASIYA
by Teller Mon Aug 14, 2017 9:59 pm

» KZOO.N0000 Will Rise Up
by Wimal Modawansa Mon Aug 14, 2017 4:45 pm

» Will JKH touch Rs. 180
by Miss-Sangeetha Mon Aug 14, 2017 10:28 am

» NOW TALK ABOUT YORK ARKADE PLC
by reyaz Mon Aug 14, 2017 9:59 am

» Ceylon Foreign Trade
by Investor1994 Mon Aug 14, 2017 7:47 am

» Sri Lanka Trade Deficit to widen with more urgent rice imports
by DS Wijesinghe Mon Aug 14, 2017 6:55 am

» More than 100 Annual and interim financial statements will be publish withing next 3 working days...
by Teller Mon Aug 14, 2017 12:54 am

» LIOC is active again
by Teller Mon Aug 14, 2017 12:52 am

» Sri Lanka Govt ready to squeeze credit to property'
by anges Sun Aug 13, 2017 10:12 pm

» DirectFN used by anyone now (Aug 2017)
by prabath Sun Aug 13, 2017 9:46 pm

» COUNTRY HEADING TOWARDS CHAOS....!!!!
by Teller Sun Aug 13, 2017 7:21 pm

» Whats up with ctld?
by Teller Sun Aug 13, 2017 6:51 pm

» Anna Umbalage ekek Yahapalanayata avilla
by Teller Sun Aug 13, 2017 6:18 pm

» ASI now 6500
by Teller Sat Aug 12, 2017 11:40 pm

» AINV.N Starts again ?
by Teller Sat Aug 12, 2017 11:32 pm

» Mattala Airport to be leased to Indian company ----GREAT.... Srilankan Airline is the only problem ...no one is willing to take
by Teller Sat Aug 12, 2017 11:29 pm

» Equity Forum
by Teller Sat Aug 12, 2017 11:17 pm

» If same thing happens in MR era?
by bakapandithaya Fri Aug 11, 2017 3:11 pm

» BOND GATE ........!!!!!!!!
by samaritan Fri Aug 11, 2017 10:38 am

» CENTRAL BANK BOND EXPLOSION ROCKS CSE
by samaritan Fri Aug 11, 2017 10:01 am

» Ravi to resign .....
by Chinwi Fri Aug 11, 2017 9:50 am

» MADU .......
by bakapandithaya Fri Aug 11, 2017 1:09 am

» What will Basil do now?
by bakapandithaya Thu Aug 10, 2017 11:46 pm

» MARKET DOWNSWING
by Ran49 Thu Aug 10, 2017 11:17 pm

» RAL with Max Profit.....
by Teller Thu Aug 10, 2017 11:07 pm

» ECL ECL Surpass 8++ with in next Week
by Teller Thu Aug 10, 2017 11:02 pm

» MALWATTE PLANTATIONS
by Ran49 Thu Aug 10, 2017 10:53 am

» All share RSI 20
by sharemarket Thu Aug 10, 2017 10:30 am

» TOP LISTED FINANCE COMPANIES
by Wimal Modawansa Thu Aug 10, 2017 10:08 am

» 20th AMENDMENT TO THE CONSTITUTION - FOR WHAT?
by Yahapalanaya Thu Aug 10, 2017 8:57 am

» How to invest in foreign stock market?
by Neluka Karannagoda Thu Aug 10, 2017 8:20 am

» LLUB any news?
by thankrishan Wed Aug 09, 2017 12:33 pm

» To beat the heat Chevron seeks better strategies
by DS Wijesinghe Wed Aug 09, 2017 6:51 am

» WHY THIS IS IMPORTANT TO READ NOW
by worthiness Tue Aug 08, 2017 7:54 pm

» GREG,DPL,TAP..........NOW LOLL
by wisdom79 Tue Aug 08, 2017 7:06 pm

» post publish for promoters./.................................
by reyaz Tue Aug 08, 2017 2:14 pm

» ABANS Unfair Offer Price
by Wimal Modawansa Tue Aug 08, 2017 12:46 pm

» Ahoo Kalamazzoooo....
by Wimal Modawansa Tue Aug 08, 2017 12:28 pm

» GRAN profit down by 100℅
by Teller Tue Aug 08, 2017 12:13 pm

» Apple hits all time highs, Dow eyes 22,000, Asia Hopes to Benefit too
by Teller Mon Aug 07, 2017 11:55 pm

» SAMPATH BANK FLYING COLORS
by worthiness Mon Aug 07, 2017 10:24 am

» KZOO WHO IS THE SELLER?
by Elahara Mon Aug 07, 2017 8:26 am

» Foreign purchases account for 81% today
by nigma Sun Aug 06, 2017 6:54 pm

» york.............game...17+++++++++++
by wisdom79 Sat Aug 05, 2017 7:20 pm

» BFN 18+ guaranteed
by worthiness Sat Aug 05, 2017 10:21 am

INTERVIEW:Economy will be ‘on an even keel’ by March – Arjuna Mahendran

View previous topic View next topic Go down

INTERVIEW:Economy will be ‘on an even keel’ by March – Arjuna Mahendran

Post by bestazhar on Fri Jan 01, 2016 3:22 pm

The journey of Sri Lanka’s economy has been a puzzle for most part of this year as two crucial elections had dealt a severe blow to economic certainty. But as the year now draws to a close, the island’s economic direction seems to have become clearer.


The Budget 2016, which has been marred by a string of public protests, will be put up for its final vote today (19) in Parliament while on the external front, the much-anticipated hike in interest rates by the United States Federal Reserve, which had been the main cause of a depreciating currency and the depletion of foreign exchange reserves this year, finally materialized this week. In a wide ranging interview with Nation, the head of Sri Lanka’s Monetary Authority, Arjuna Mahendran explained to us the intricacies of the economy, the controversial budget proposals, the present status of the finance sector, the impact of the Fed rate hike on Sri Lanka and the way forward.



Excerpts of the interview follow;


Q: What is your analysis on the status of the economy at present given that the pace of GDP growth has somewhat slowed down this year. Statistics has shown that the economy has grown to 5.2% up to the third quarter of this year compared to a full year growth of 7.4% in 2014?

When the new government took over in January, people’s incomes were unnecessarily depressed because until then growth was funneled by investments into concrete and therefore money did not reach people’s wallets. On the other hand, with the exchange rate being overvalued, exports also slowed down. Then you had the EU Fishing ban coming into effect. So what the government did was to stimulate the economy by raising people’s incomes. So a public sector wage increase was given. Prices of essential commodities were reduced. People were given more spending power. So, by the second quarter we got a growth of 6.7% and the third quarter has increased by 4.8%. So in an economy, there is the exports side and the domestic side.

On the exports side, it was affected by things such as falling tea and rubber prices coupled with having uncompetitive exchange rate until September. So we had to rely on the domestic side to do the heavy lifting. Now going forward, the exchange rate from the 3rd of September this year has been made a market determined rate. So, now you would find that the exports typically take about six months to respond to favorable exchange rates. So we are expecting that by March next year, you would see the export performance improving and also the government is negotiating with the EU to give access to seafood exports. So with the United States also showing strong signs of recovery, garment exports also should improve.

So, now the consumer side of the economy is running. In fact, we were concerned about the car imports and that’s why we brought the macro prudential measures to specifically say that loans for the car imports should be reduced to 70%. The extent that the currency has also depreciated, imports had become a little expensive and that will be getting in control over the next two to three months. Then when exports kick in you will see that the external side of the economy starts improving. That has been lagging behind because of the exchange rate effect. So, I think by March next year, both domestic and exports side will be on an even keel and we should be able to achieve a growth of about 6% in 2016.


Q: What is the GDP forecast for 2015?
I think we should average about 5.5% by the end of this year.


Q: It has been reported that Paskeralingam and yourself were among the two key architects of Budget 2016. And as you know the Budget has been revised to a greater extent by now. Why did this happen? Was it due to the lack of consultations when it was prepared?

First of all, I must categorically say that the Budget was crafted by the Minister of Finance and his team in the Treasury. Of course, Paskeralingam as the Economic Advisor to the Prime Minister and I as the Governor, were consulted. But to say that we crafted the Budget is completely wrong. Definitely, I know the
Finance Minister put a lot of work into that and we should give full credit to him because he had a lot of problems. The external sector of the economy was very weak, his tax revenues were very weak, the VAT law had been a mess as there were 7 pages of exemptions in the VAT law and revenue as a % of GDP at 10% hasn’t been so low in the history of the country. So, he had a lot to tackle and the Budget was a result of wide ranging consultations. I don’t think it is correct to say that Budget was not consulted because he met up with all the Chambers. He is one of the most dynamic Finance Ministers we have ever had in the history of this country in terms of the energy he brings into the job.


Q: Then why have we had protests against the Budget proposals on a frequent basis?

Now if you ask yourself what the people are protesting about, you won’t have an answer. Actually, this is political. Now you look at the bank strikes. They were among the two state banks. None of the private banks participated. All the private banks were fully functional. Now that tells you one thing – that the Ceylon Bank Employees’ Union (CBEU) was only able to get some government servants in the state-owned-banks to support their strike. Still nobody has articulated the reason why they are striking and to me it looks like some kind of a protest by people who are against Maithripala Sirisena’s Presidency.


Q: But the protest is estimated to have been attended by over 10,000 employees, which is a huge number?

Well, the state-owned-banks must be having about 20,000-30,000 employees and remember, a lot of these people were hired by people in the last regime and their loyalties are with that regime. So if you look at it in that perspective it doesn’t seem that the entire general public is against the government. This was just people who were given jobs by the previous government – who had their sympathies in that direction and are trying to disrupt the economy. But to this date, I have not heard what their complaint is! What they are asking for and what their main demand is! They just went on strike.


Q: Coming back to the Budget, could you please explain the rationale behind a few proposals. Why has there been a leasing ban on banks?

It is very clear. As I told you, this year we have had a problem in the leasing industry where the leasing industry has all gone into small cars. This was partly due to the duty concessions given to these cars in the Interim Budget by the new government and we have had massive increase in this small car category. The issue is we found that there had been irresponsible lending by the banks and the leasing companies and it was trying to become a bubble and we tried to prick that bubble. And, the Finance Minister has told the banks, you all must act responsibly. Because banks are large with huge capital and they cannot get into this type of speculative activity. There is a report now that the secondhand car dealers now have a stock worth of US$ 1 billion of unsold cars in the country.

So this was a huge problem in the industry that if these cars are not sold, cash is
going to be locked up and this will be a problem to the whole economy. So banks have been told not to lease small ticker activity like cars. But if you are going to lease something like aircraft, that is possible. So I think that is the intention of what the Finance Minister did. For finance and leasing companies, leasing is a big part of their business while banks can do other type of business and easily compensate like concentrate on lending to SMEs, etc. So for the Leasing and Finance Companies, he (Finance Minister) said they can continue but we will try to control it with these LTVs (Loan to Value). So you must read the overall picture and not look at the statement itself.


Q: Why has the Budget imposed restrictions on cash withdrawals by imposing surcharges for those above Rs. 1 million?

That of course is being fine tuned but basically, the idea is that we have a problem with the drug industry in this country. Narcotics and all sorts of illegal items are being sold. So the idea is that we want to channel as much money into the legal sector, which means encouraging people to use cheques and route the transactions in the banking system. So we are trying to discourage this illegal economy, like arms, drugs, prostitution, etc. from being funded with cash transactions.


Q: The Budget has directed banks to expand their existing branch network by 15% by opening branches in under-banked areas and stipulated that these branches will have to employ at least 6 employees per branch. Since this rule applies even to private sector commercial banks, doesn’t this mean that government is interfering in private sector business and in effect could lead to hurting investor confidence?

That is an exhortation. The Budget is encouraging banks to expand and that is not a law. As far as under-banked areas are concerned, I have already a record number of banks asking me for branch openings. Banks themselves are seeing opportunities out there, but what the Finance Minister wanted to do was to advertise the fact that there is so much confidence in the banking sector now and they want to open branches. But at the same time, he (Finance Minister) wants banks to open proper branches and not just open branches like in Post Offices or in Supermarkets where only one/two person is employed.

For example, in Kilinochchi which has a fertile ground to grow passion fruit, what we found is that though there were people who wanted to cultivate given the agriculture potential, we found a lack of bank branches in that area. Even in the Western Province like in Kalutara South and areas in down South there were not enough branches there. Private sector opens only in profitable areas like in Maharagama where there is already competition and then we find there are five to six banks there, whereas in Kilinochchi you have nobody! The intention is to help the Small and Medium scale entrepreneurs and promote financial inclusion. In fact, I am going to open a separate department in the Central Bank to supervise financial inclusion activity. We are going to set targets so that every district/province has a target for branch openings.


Q: Why did the Budget propose to set a maximum cap on interest rates offered on deposits by finance companies?

Some finance companies when they get into difficulties, they start jacking up their deposit rates and then what happens is that even the good guys are then forced to raise rates to be on par with competition. Then you have the domino effect because one bad egg does it and others follow suit and then the whole sector will collapse.


Q: What is the financial status of finance companies at present? Some of them are reported to be under-capitalized with below the BASEL requirements. The previous government had set targets to adhere to minimum capital requirements and introduced a consolidation plan. But the policy is not clear with the new government?

In my view, this consolidation plan was not properly thought out. Look at the history of Sri Lanka and if you see the companies that have crashed, most of them are the biggest companies starting with Mercantile Credit which famously crashed in 1990s and then we had The Finance Company of the Ceylinco group which was the biggest finance companies for several decades. Those are the ones that were mismanaged – not the small ones. Look at the small ones, Central Finance, LB Finance, Alliance Finance-solid companies, perfectly run. Why? Because they are small and they are manageable and the managers know all the customers. When these fellows try to get too big, then they lose control and the whole thing collapses. Actually I would argue that the small companies are the gems, they are doing a good job. This consolidation plan where you think when you make people big, they are safe – that is rubbish! It has been disproved in the history of Sri Lanka’s finance company sector.


Q: Out of the 54 finance companies in operation, could you vouch that the status of each one of them is financially sound?

Some have problems but the majority of them are sound. More than 40 are perfectly sound. Anyway as the Finance Minister said in the Budget, we are going to ensure that all Finance companies are safe and sound. That much is certain. See in Golden Key now, we have found the money and we are paying. That shows our good faith as a government and as a Central Bank we are going to see that the finance company sector is properly run. There are some companies like I mentioned which has issues. But we will resolve them. We will find investors to put money in and make them profitable once again.


Q: Does the finance company sector require a consolidation?

No, I would say the sector does not need a consolidation at this point. I want to go into each company and talk to the management and see that whatever they are doing is being done properly first and then later on we can consider consolidation once the system is stable. But what happened then was, they announced the consolidation plan before fixing the problems that were already there. That was dangerous because if you put a bad egg into a pudding, it will make the whole pudding rotten.


Q: How practical is the Budget proposal for the Central Bank to guarantee finance company deposits given that the assets in the Bank itself is estimated to be a mere Rs. 82 billion while cumulative liability of finance companies are to the tune of Rs. 400 billion?

In the Central Bank, we have the Deposit Insurance Scheme in which finance companies and banks pay a premium. That fund is growing all the time and so far we haven’t been able to use it and is readily available. Going forward, I think the Minister wanted to underscore that since people are worried about these Ceylinco Group and Golden Key, he wanted to make it clear that the new government will ensure good governance by cleaning up the entire system. We’ve moved away from consolidation. No stress on anybody to raise their capital to unrealistic levels and we are only going to run a system on a sound basis. That is the message we want to give the people.
There is an example for this. In 2008, when we had the Global Financial Crisis, both Singapore and Hong Kong guaranteed that they would pay their deposits in those banks and that protected the two cities from any panic.
On your question of the mismatch between assets and liabilities, as I told you, more than 90% of the finance companies are safe. They are doing good business, profitable and they are okay. So maybe less than 10% have issues and we may need the money to back their business which we already have enough money in the Deposit Insurance Scheme to meet those liabilities. That is how you run a Deposit Guarantee. You don’t go and build a deposit to meet the liabilities of everything in the system. That is a waste of money to have such a large fund!


Q: But, by this blanket guarantee, don’t you think finance companies may be lured to take more risks which could then lead them to disaster?
Well that is our job. We will supervise them and if we see signs of excessive risk taking, we will hammer them very hard. I want to send that message loud and clear that the Central Bank today is a different entity to what it used to be. We are not going to be lax with anybody anymore and if anybody misbehaves they will be hit very hard.


Q: The IMF has recently warned Sri Lanka of an uncertain economic outlook, loose monetary and fiscal policies and urged appropriate action including structural reforms to safeguard economic stability. What is your opinion of their concern?

We are going to have discussions with IMF when they send their team next here. What we have already told them is Sri Lanka was in a situation of depressed demand because incomes were insufficient and there was excessive focus on government investment and that was sucking the financial resources away from the private sector, curbing private sector activity.

So the government has now a situation where the consumption can flourish and private sector also flourishes because the government will no longer be a big borrower in the financial system. In the past, government was borrowing so heavily crowding out the private sector. The shift entails that we need to spend something in the interim to boost the economy so that private consumers and private producers have money in their hands to spend more, thereby creating a growth impetus. The IMF has concerns that this will fan the flames of inflation in the longer-term but we will from the Central Bank ensure through our Monetary Policy measures that it will be kept in check and also from the fiscal policy front, the Prime Minister has said that he is targeting a 3.2% budget deficit by 2020. So if we keep to those targets, we know the concerns will die down.


Q: Finally, what would be the impact of 0.25% rate hike by the US Federal Reserve on Sri Lanka?
Throughout 2015 we have seen that capital has been flowing out of Sri Lanka. The foreign investors have been pulling money out of the stock and the bond markets. The good news, however, is that few months after the stock market came down, we have seen some foreign investor buying but in the case of bond market, money has been going out.

The simple reason is that there has been capital flowing out of all emerging markets and this is not only for Sri Lanka – India, Pakistan, China, Bangladesh, etc.
Why? Because their currencies are falling against the dollar. Why is the dollar getting strong? Because, markets had been anticipating the rate hike. So in that situation, Sri Lanka is a very small country and we can’t resist that type of force where all emerging markets are seeing a drain of capital.

So that’s another reason why the Prime Minister had in Parliament said he wants some support from the IMF because if the outflow of capital continues for several months, even after the Fed hiked rates, our remittances and exports will have to be the key. So eventually, I suppose that the IMF itself will realize that they will have to stand by us if we get into difficulties.


http://nation.lk/online/2015/12/19/governors-take-on-economy-budget-fed-rate-hike/

bestazhar
Stock Analytic
Stock Analytic

Posts : 14
Equity Stars : 2428
Reputation : 0
Join date : 2011-02-07

Back to top Go down

Re: INTERVIEW:Economy will be ‘on an even keel’ by March – Arjuna Mahendran

Post by Chinwi on Fri Jan 01, 2016 5:23 pm

1st question 1st answer:
" When the new government took over in January, people’s incomes were unnecessarily depressed because until then growth was funneled by investments into concrete and therefore money did not reach people’s wallets. "


පුදන කොටම කාපි යකා.

 පටන් ගන්නකොටම ජනප්‍රිය මුලාවේ තමනුත් ගිලී සිටින  කෙනෙක් බව පෙන්වා දී ඇත .

ආර්ථිකය, යටිතල පහසුකම් වර්ධනය  හා මුදල් ගලා යාම ගැන තම අවබෝධය මෙසේ නම් අද රටේ ඇතිවී ඇති තත්වය ගැන තවත් අටුවා ටීකා අවශ්‍ය නැත​.  

සංවර්ධන ව්‍යාපෘතියක මුදල් යෙදවූ විට ඉන් වැඩි  ප්‍රමාණයක් ගලා යන්නේ ජනතාව ගේ සාක්කුවලට බව වත් දන්නේ නැත්නම් කාගෙන් හරි අහගෙන ​අද්‍යයනය කර ගණන් හදා බලා තේරුම් ගෙන ඉන් එහා දේ ගැන දෙසන්න​.

කොන්ක්‍රීට් නිර්මාණයකට මුදල් යෙදවූ විට දෙයියන්නාන්සේ ඇවිත් එය ඉබේ පහල කරන්නේ නැත​.

මිනින් දෝරු හා සිතියම් කටයුතු, බිම සකස් කිරීම​, පස් හෑරීම හා ප්‍රවාහනය​, ගල් කැඩීම​, සිමෙන්ති ප්‍රවාහණය​, කොන්ක්‍රීට් මිශ්‍ර කිරීම​, ශටරින් ගැසීම​, කම් බි නැවීම හා බැඳීම​, කොන්ක්‍රීට් දැමීම හා තැලීම හෝ වයිබ්‍රේට් කිරීම​, විවිධාකාර යන්ත්‍ර ක්‍රියාකරවීම, ජලය සැපයීම​, කම්කරුවන්, ඉන් ජිනේරුවන්, කාර්මිකයින්, සැලසුම් ශිල්පීන්, ඔඩිට් හා ගණකාධිකාරීන්, ගබඩා පාලනය​, රියැදුරන්, සේවක ප්‍රවාහනය​, මේසන්, වඩු , ටයිල් , ජිප්සම්, විදුලි කාර්මික  ​, වායු සමීකරණ ශිල්පී, නවාතැන් සැපයිම​, ආහාර සැපයීම​, ලිපි කටයුතු  කර්‍යාලීය  කටයුතු, වැටුප්  සෑදීම ගෙවීම​, බැංකු කටයුතු, මේන් කන්ට්‍රැක්ටර්ස් , සබ් කන්ට්‍රෑක්ටරස් ලාබය​ ​,  ආරක්‍ෂක සේවා, ප්‍රථමාධාර සේවා, කැන්ටිම, මත්පැන් අලෙවිය​, කඩල - වඩේ කරත්තය​, පාන් බේකරිය​, බත් පැකට්  ,  බුලත් විට අම්මා ​, බෝඩිම් සේවා, මසාජ් - ගණිකා සේවා අාදී මෙකී එකී නොකී දහසක් දෙනා වෙත ගලා යන්නේද ,

ලීසිං කොම්පැනි, ඉතිරිකිරීමෙ බැංකු ගිණුම්, ළමා ගිණුම්, ටියුශන් පන්ති කරන සන්නස්ගල වගේ අයගේ සාක්කු , මහරගම පමුණුව පාරේ සිට නෝ ලිමිට් දක්වා රෙදි කඩ, පන් සලේ පල්ලියේ පිං කැට, විහාර කර්මාන්තයට ආධාර​, ඉන්කම් ටැක්ස් දෙපාර්තමේන්තුව​, ප්‍රාදේශීය සභා ගාස්තු , වෛද්‍යසේවා ,විනෝදාස්වාද සේවා ආදී ද්වීතීයික ස්ථාන කරා ඇදී යන්නේද ,  

එසේ ඇදී ගලා ගොස් රටේ අස්සක් මුල්ලක් නෑර මුදල් සංසරණය ඇතිවූයේ ද,

බොරු ව්‍යාපෘති වල කොන්ක්‍රීට් වලට යට කර දමනවා  යැයි රටේ ගමන බ්‍රේක් ගස්සපු අත්දැකීම් නැති  මෝඩයන්  සිතා සිටින  සල්ලි වලිනි.
avatar
Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Posts : 3040
Equity Stars : 6435
Reputation : 405
Join date : 2010-06-08
Location : Asia

Back to top Go down

Re: INTERVIEW:Economy will be ‘on an even keel’ by March – Arjuna Mahendran

Post by chamil1 on Fri Jan 01, 2016 7:36 pm

2016 නව වසර යෝධ සංවර්ධන ව්‍යාපෘති සියයකට වඩා ප‍්‍රමාණයකට මුල පුරණ වසරක් . එම ව්‍යාපෘති මෙරට සංවර්ධන ඉතිහාසය සුවිශේෂී ලෙස වෙනස් කරන ව්‍යාපෘති බවට පත්කරනවා.
- මහා නගර හා බස්නාහිර සංවර්ධන අමාත්‍ය පාඨලී චම්පික රණවක මහතා.



සංවර්ධන යුද්ධය ජයගන්න, දුගී කමේ යුද්ධය ජයගන්න නම් ඔදවත් තෙදවත් ජාතියක් බවට පත්වෙන නම් අපේ මේ වසරේ තේමාව වන්නේ, මහා බලයක් එකම දැයක් තේමාව ජයගන්න නම් කුසලතාවයට මුල්තැන දිය යුතුයි. අපේ රටේ තියෙන්නෙ ඥාතියට මුල්තැන දෙන, හිතවතාට පාක්‍ෂිකයාට, කුලයට මුල්තැන දෙන ක‍්‍රමයක්. මෙ අමාත්‍යාංශයේ එහෙම ක‍්‍රමයක් නෑ. මගේ ඥාතීන් මේ අමාත්‍යාංශයේ නෑ. හිතවතුන් නෑ. කුසලතාවයට මුල්තැන දීලා වැඩ කරන අය විතරයි ඉන්නේ. බැරිනම් දාල යන්න පුළුවන්. එනිසා අලූත් ආදර්ශයක් රටට දිය යුතුයැයි අමාත්‍යවරයා පැවසීය. 

ඒ මහතා මේ බව පැවසූයේ 2016 නව වසරේ රාජ්‍ය සේවයේ ප‍්‍රතිඥාව හා දිවුරුම ලබා දෙමින් තම අමාත්‍යාංශයේ යටතේ ඇති ආයතනයන්හි නිලධාරින් හා සේවක සේවිකාවන් හමු වූ අවස්ථාවේදීයි. මෙහිදී අමාත්‍යවරයා නව වසරේ අරමුණු, සැලසුම් හා මූලික අභිලාශයන් පිළිබඳ නිලධාරින් දැනුවත් කරමින් නව වසරේ සැලසුම් ලබා දීම ද මෙහිදි සිදුවිය. 


නව වසරේ මෙම විශේෂ හමුව අද දින (01) බත්තරමුල්ල, සුහුරුපාය කාර්යාල සංකීර්ණයේ්දී සිදු කෙරුණි. මෙම අවස්ථාවට අමාත්‍යාංශයේ ලේකම් නිහාල් රූපසිංහ, නාගරික සංවර්ධන අධිකාරියේ සභාපති රංජිත් ප‍්‍රනාන්දු, අධ්‍යක්‍ෂ ජනරාල් නයන මාවිල්මඩ යන මහත්වරුන් හා නිලධාරීන් ඇතුළු සමස්ථ සේවක පිරිස එක්ව සිටියහ.


මෙහිදී වැඩිදුරටත් අදහස් දැක්වූ අමාත්‍යවරයා, ‘ලෝක සම්මතයට අනුව ජනවාරි කියන නම යෙදෙන්නේ ජනුස් කියන දෙවියෙක් හිටියා. ඔහුට අතීතය අනාගතය දෙකම පේනවා. එනිසා එම මාසය ජනවාරි නමින් නම් කරලා තියෙනවා. දෙසැම්බර් 25 සි ජනවාරි 01 වෙනිදා අතර කාලය බටහිර ලෝකයට ඉතා වැදගත් කාලයක් බටහිර ලෝකයේ උත්තරත් ධ‍්‍රැවයට එක් කාලයක් උදා වෙනවා. ජීවත්වන ජනතාවට සහමුලින්ම කළුවර වන දවසක් හිරු පායන්නේ නැහැ. ඒ කළුවර දවස නිමා වී පළමු හිරු කිරණ ල`ගා වෙන්නේ දෙසැම්බර් 25 සිට ජනවාරි 01 දින දක්වා කාලය සූර්ය මංගල්‍යයක් ලෙසයි සැලකුවේ. හිරු මිය ගොස් නැවත උපදින දිනයක් ලෙසයි ඊට සමාන තත්වයක් අපිට අපේ‍්‍රල් මාසයේ තිබෙනවා. නමුත් අද අපි යුරෝපා සම්ප‍්‍රදාය තමයි අනුගමනය කරන්නේ. 


අපේ අමාත්‍යාංශය නව ඉරක් උදාවන මෙහොතක් අලූත් අමාත්‍යාංශයක්. නව අයවැයෙන් ප‍්‍රතිපාදන ලැබිලා වැඩ පටන්ගත යුතු වසරක්. අප මේ වසර සෑම අතින්ම වැදගත් වසරක්. අපි දෙස බොහේ දෙනෙක් බලා සිටින නිසා සෑහෙන වැඩ කොටසක් තිබෙනවා. මේ අමාත්‍යාංශය මෙයිට වඩා කීප ගුණයකින් විශාල කරන පිරිස් බලය වැඩිවන වසරක් වේවි.


පළමුවෙන්ම අපි අපේ වටිනාකම් ආරක්‍ෂා කරගත යුතුයි. අපි විශාල ව්‍යාපෘති සියයකට වඩා ප‍්‍රමාණයකට මුල පුරණ වසරක් වේවි. එම ව්‍යාපෘති ඉතිහාසය වෙනස් කරන ව්‍යාපෘති බවට පත්වේවි. එම ව්‍යාපෘතිවල වටිනාකම් හා සැලසුම් පිළිබඳ අතිගරු ජනාධිපතිතුමාට ඉදිරිපත් කරා. 


අපේ මහා නගර සංවර්ධන අධිකාරියේ ව්‍යාපෘතිවල වටිනාකම ගත්තම ඇමරිකාන ඩොලර් බිලියන 30 කට අධික ව්‍යාපෘති ඉදිරිපත් කරලා තිබෙනවා. මේ රටේ දළ දේශීය නිෂ්පාදනනේ භාගයකට වඩා වැඩි ප‍්‍රමාණයක් මේ රට ඉතිහාසයේ විශාලතම ආයෝජනය සිද්ධ වුනේ පුත්තලම විදුලි බලාගාර ව්‍යාපෘතිය. මහවැලියට වඩා වියදම් උනා. ඒ වගේ තිස් ගුණයක් පමණ වන ව්‍යාපෘති ප‍්‍රමාණයක් අපි කි‍්‍රයාත්මක කරන්න යනවා. ඒනිසා අපි දෙසා සියළු දෙනා අවධානයෙන් බලාගෙන සිටිනවා. 


ජනතාව අතර විශාලම බලාපොරොත්තුව දුෂණයේ තොර වැඩ කිරීමයි. අපේ රටේ පසුගිය කාලයේ විශාල සංවර්ධනයක් වුණත් එම සංවර්ධන පිටුපස විශාල දුෂණයක් සිදුවුණා කියන එක කාටත් රහසක් නොවෙයි. ඒනිසා දුෂණයෙන් තොරව එම කටයුත්ත කරන්න කැපවිය යුතුයි. ආදර්ශමත් වටිනාකම් ආරක්‍ෂා කරගනිමින් අවංක සේවයක්. 


මේ වසරේ සිට විදේශ රටවල් රාශියක් සමග වැඩ කටයුතු කරන්නට සිදුවෙනවා. විදේශ රටවල් වලට අපේ සැලසුම් ඉදිරිපත් කරන්න වෙනවා. ජනවාරි මාසයේ ප‍්‍රධාන සමුළු දෙකකට අපේ සැලසුම් ඉදිරිපත් කරන්න තියෙනවා. ලේකයේ තිබෙන ප‍්‍රධානම සමුළුව තමයි ස්විස්ටර්ලන්තයේ ගැවෝස් සමුළුව. එයටත් අපේ අපේ සැලසුම් ඉදිරිපත් කරනවා. ලේකය පුරා රටවල් සමග අපේ මේ ව්‍යාපෘති ඉදිරිපත් කරනවා එතනදි ඔබ සැමගේ පිරිසිඳුතාවය කාර්යක්‍ෂමතාවය අත්‍යවශ්‍යයි. 


අපි ලබන වසර තුළ ඇතිකර ගත් ඉලක්ක ජයගත යුතුව තිබෙනවා ලබන වසර අපි හඳුනාගෙන තිනේ ශූන්‍ය අයවරය වසරක් ලෙස දෙසැම්බර් 31 ට පෙර අපි අපේ වැඩ අවසන් කරලා ඉවර කළ යුතුයි. එනිසා අපි සියළු දෙනා අති විශාල මුදල වියදම් කරලා අපේ ඉලක්ක සපුරා ගත යුතුයි. 


ඔබ සැමගේ කර්ය සාධනය මනින්න බලාපොරොත්තු වෙනවා. මම යවන ලිපියක සිටන් ඔබගේ කාර්ය සාධනය අපි මනිනවා. එය ඉතා අත්‍යවශයයි. ජ්‍යෙෂ්ඨයෙක් කියලා එයාට උසස් වීම් ලැබිය යුතු නෑ. කුසලතාවය මත උසස්වීම් ලබාගත හැකි ක‍්‍රමවේදයක් සෑදිය යුතුයි. අභියෝග ජයගන්න එම කටයුත්ත අත්‍යවශ්‍යයි. 


ත‍්‍රස්තවාදී යුද්ධය මාවිල්ආරුවලින් පටන් ගන්න කොට අපේ ති‍්‍රවිධ හමුදාවේ ජේෂ්ඨයන් හා නවක තරුණ තරුණියන්ගේ අදහස් දැන ගැනීමේදී සමුළුවක් පැවැත්වූවා. එහිදී තරුණයන්ට අවස්ථාව හා කුසලතාවය මත අවස්ථාව ලබාදීම තුළ සාර්ථක භාවයක ලබාගත්ත. කුසලතාවයට මුල්තැන දුන්නු නිසා ත‍්‍රස්තවාදී යුද්ධය ජයගත්තා. ඒ වගෙ අපි මේ ආයතනයේ තිබෙන සංවර්ධන යුද්ධය ජයගන්න, දුගී කමේ යුද්ධය ජයගන්න නම් ඔදවත් තෙදවත් ජාතියක් බවට පත්වේන නම් අපේ මේ වසරේ තේමාව වන්නේ, මහා බලයක් එකම දැයක් තේමාව ජයගන්න නම් කුසලතාවයට මුල්තැන දිය යුතුයි. අපේ රටේ තියෙන්නෙ ඥාතියට මුල්තැන දෙන, හිතවතාට පාක්‍ෂිකයාට, කුලයට මුල්තැන දෙන ක‍්‍රමයක්. මෙ අමාත්‍යාංශයේ එහෙම ක‍්‍රමයක් නෑ. මගේ ඥාතීන් මේ අමාත්‍යාංශයේ නෑ. හිතවතුන් නෑ. කුසලතාවයට මුල්තැන දීලා වැඩ කරන අය විතරයි ඉන්නේ. බැරිනම් දාල යන්න පුළුවන්. එනිසා අලූත් ආදර්ශයක් රටට දිය යුතුයි. 


ජනතාව සැම විටම මෙහෙවර කර යුතුයි. ඇනුම් බැනුම් අපහාස එනවා. ඒවා අහගෙන වැඩ කළ යුතුයි. විශාල පිරිසක් එක්ක ගැටෙන්න තිබෙන අමාත්‍යාංශයක්. වශාල වශයෙන් මිනිසුන් සමග ගැටෙන තත්වයක්. පසුගිය රජයේ සංවර්ධනයක් සිදුවුණා. නමුත් මහජනයා අතරෙ එය අනුමත වුනේ නැහැ. හේතුව යොදාගත් බලහත්කාරය නිසා. නමුත් ඒවා තිරසාර වෙන්නේ මහජනයාගේ කැමැත්තෙන් සිදුවිය යුතුයි. රජයේ සේවකයෙක් හැටියට අපි සේවය මනින්නේ අපි ලබන පොඩි පඩියෙන් නෙමෙයි. අපි කරන සේවයෙන් ලබන සතුට තමයි. 


ප‍්‍රති විරෝධයක් තිබුනොත් තමයි හොඳට වැඩ කරන්න පුළුවන්. සරුංගලය උඩයන ප‍්‍රතිවිරුද්ධ සුළ`ග අවශ්‍යයි. ප‍්‍රතිවිරෝධය මුහුණ දෙන හොඳ පාරමිතාවක් තිබිය යුතුයි. බුදු දහමේ හැටියට කන්ථී පාරමිතාව පිරිය යුතුයි. අපේ තේමාව කුඩා දීපයක් වූ මේ රට මහද්වීපයක් කළ යුතුයි. ඔබ සියළු දෙනාට අභියෝග ජයගත හැකි වසරක් වේවායි ප‍්‍රාර්ථනා කරනවා.

chamil1
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 210
Equity Stars : 1014
Reputation : 11
Join date : 2015-06-15

Back to top Go down

Re: INTERVIEW:Economy will be ‘on an even keel’ by March – Arjuna Mahendran

Post by dennam jambu on Fri Jan 01, 2016 7:45 pm

they are still at a loss of orientation.even ranil says he still cannot find the amount of loans. if the country has taken loan treasury and external resources dept should know. the real  thing is  there  is no much loans comparatively to the work mahinda has done. so these guys think loans are hidden. but actually these lot cannot even imagine how mahinda delivered so much.one year passed without nothing happened other than useless tinkering done on constitution.

dennam jambu
Senior Equity Analytic
Senior Equity Analytic

Posts : 71
Equity Stars : 744
Reputation : 5
Join date : 2015-11-01

Back to top Go down

Re: INTERVIEW:Economy will be ‘on an even keel’ by March – Arjuna Mahendran

Post by skyfall on Thu Jan 07, 2016 7:54 pm

@dennam jambu wrote:they are still at a loss of orientation.even ranil says he still cannot find the amount of loans. if the country has taken loan treasury and external resources dept should know. the real  thing is  there  is no much loans comparatively to the work mahinda has done. so these guys think loans are hidden. but actually these lot cannot even imagine how mahinda delivered so much.one year passed without nothing happened other than useless tinkering done on constitution.

Good point

skyfall
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Posts : 467
Equity Stars : 2784
Reputation : 8
Join date : 2014-02-22

Back to top Go down

Re: INTERVIEW:Economy will be ‘on an even keel’ by March – Arjuna Mahendran

Post by EquityChamp on Fri Jan 08, 2016 8:14 am

We are watching on the actions by the big people. If they do better for the country and if they fail what the hell we still should live in this country. Then what should we do is a decision that must be made by all of us.
avatar
EquityChamp
Moderator

Posts : 3684
Equity Stars : 12168
Reputation : 725
Join date : 2014-11-05

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Statistics
We have 20021 registered users
The newest registered user is CooperOr

Our users have posted a total of 326847 messages in 50210 subjects
Who is online?
In total there are 115 users online :: 9 Registered, 1 Hidden and 105 Guests

bjkumarasinghe, Chinwi, gdid, kjojo, kovida, Namal, nigma, samcader, Storm

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.