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Sri Lanka Equity Forum » Stock Market Talk » MAHINDA RAJAPAKSHA 'S FUTURISTIC LEADERSHIP PAYS RICH DIVIDENDS

MAHINDA RAJAPAKSHA 'S FUTURISTIC LEADERSHIP PAYS RICH DIVIDENDS

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Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
[size=48]Govt. to invest $ 1 b on utility services in Port City
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Comments /  526 Views / Saturday, 1 September 2018 00:00
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  • Port City the new pearl in Indian Ocean: Champika
  • To be connected to LRT
  • Confident of significant returns on investment in 10 years 

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 The Government is set to invest $ 1 billion to supply electricity and water to the Port City, Megapolis and Western Development Champika Ranawaka announced yesterday in an interview given to China Central TV.

“We will be supplying electricity and water to the Port City and the Government will invest in it. We are confident that we can earn back the money through the new land acquired in the Port City within 10 years,” he told the TV station during an interview recorded at the Port City construction site.

Elaborating on the infrastructure, the Minister said the newest addition to Sri Lanka’s coast line would also be connected to the proposed light rail system. The city will also be connected to the country’s growing highway network and railway system, he said.

Calling the Port City the new pearl in the Indian Ocean, Ranawaka said the new development was set to bring economic opportunities to the region.

"The Port City will benefit not only Sri Lanka, but East Africa, Central Asia and Western Asia as well," he said.
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DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Is this the same Minister Champika Ranawaka of Sri Lanka we know very well or some other Pacha Ranawaka from China???

The very person who tried to create false fears amongst Sri Lankans is now singing praise on this project initiated by the former President Mahinda Rajapaksha

ruwan326

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@DS Wijesinghe wrote:Is this the same Minister Champika Ranawaka of Sri Lanka we know very well or some other Pacha Ranawaka from China???

The very person who tried to create false fears amongst Sri Lankans is now singing praise on this project initiated by the former President Mahinda Rajapaksha
This is the politicians "කන්න ඕන වුනාම කබරගොයා =>තලගොයා "policy Very Happy Very Happy Very Happy

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The futuristic actions taken by former President Mahinda Rajapaksha is well proven when we look at how our other Asian neighbours are following his foot prints. 


1. Saudi Arabia to Invest US$ 10 Bn to build a Mega City in Maldives


https://maldivesfinest.com/saudi-arabia-to-invest-10bn

2. Pakistan Port Developed By China Aims To Be "Next Dubai"
https://www.ndtv.com/world-news/thirsty-to-thriving-pakistans-parched-port-aims-to-become-a-new-dubai-1841788

Lee Kwan Yew wanted his country to be like Sri Lanka. That  was his dream. He copied what JR Jayawardane wanted to do in Sri Lanka as the then Minister of Finance in 60's. But JR'S economic reform package as the Finance Minister was shot down by his own Prime Minister (Dudley I believe) and his own Ministers in the cabinet

Lee Kwan Yew did more or less what JR was planning to do in Sri Lanka in Singapore and today we know where Singapore is and where Sri Lanka is

Similarly Sri Lanka will soon loose it's race to other neighbouring Asian countries if we don't elect futuristic leaders like JR, Premadasa(the man who is credited with liberalising and making CSE vibrant & attractive) , Gamini Dissanayake, Lalith Athulathmudali  and Mahinda Rajapaksha to lead Sri Lanka in to economic prosperity.

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Pakistan invites Saudi Arabia to join China’s Belt and Road corridor

ISLAMABAD (Reuters): Islamabad has invited Saudi Arabia to become the third partner in the Beijing-funded Belt and Road corridor of major infrastructure projects inside Pakistan, Pakistan’s information minister said on Thursday.

The announcement comes on the back of a two-day trip to Saudi Arabia by new Prime Minister Imran Khan, who had been expected to push for financial assistance from Islamabad’s ally to help Pakistan deal with a brewing currency crisis.

Information Minister Fawad Chaudhry did not reveal if Saudi Arabia would be loaning money to Pakistan to help top up its dwindling foreign currency reserves, but said he expected Saudi Arabia to invest in Pakistan in a major way. “Saudi Arabia is the first country whom we have invited as third country partner in CPEC,” Chaudhry said, referring to the China-Pakistan Economic Corridor (CPEC), the Pakistan leg of China’s vast Belt and Road infrastructure initiative.

Beijing has pledged $60 billion to build power stations, major highways, new and upgraded railways and higher capacity ports, to help turn Pakistan into a major overland route linking western China to the world.

Chaudhry said a Saudi delegation will be coming to Pakistan in the first week of October, including the Saudi minister for finance and energy, and that should lay down a “foundation for a very big partnership”.

“God willing, very big investments will be coming to Pakistan from Saudi Arabia this way,” he added.

Khan’s term began with new doubt over the CPEC projects, when his commerce minister was quoted as saying Pakistan would suspend them for a year and review them. The minister later said his comments were taken out of context, and Pakistani officials reassured Beijing there would be no delay.

Pakistan has in the past suggested that other countries could join CPEC, but the response has been lukewarm due to concerns that China would dominate any relationship.

Saudi Arabia has a history of bailing out Pakistan financially. In 2014, six months after Pakistan obtained its last IMF bailout, Saudi Arabia loaned it $1.5 billion that the government used to strengthen its rupee currency.

Ahead of Khan’s visit to Saudi Arabia speculation was rife that Islamabad will be asking for a loan to help Pakistan avoid being forced to seek another IMF bailout.


http://www.ft.lk/front-page/Pakistan-invites-Saudi-Arabia-to-join-China-s-Belt-and-Road-corridor/44-663325

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