The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Trading Journal
Today at 6:48 pm by xmart

» AAIC.N0000
Today at 5:00 pm by The Invisible

» Thread for News on CSE and SL Economy
Today at 8:57 am by The Invisible

» Thread for News on Local and Foreign Politics
Today at 8:56 am by The Invisible

» Dividend Announcement
Mon Dec 17, 2018 7:04 pm by Ethical Trader

» Buy International English Language Testing System (IELTS) in jordan((WhatsApp:+237675967490))
Mon Dec 17, 2018 10:55 am by nihal123

» Thread for News on International Markets
Fri Dec 14, 2018 1:58 pm by The Invisible

» AINS - Arpico Insurance
Thu Dec 13, 2018 10:43 am by The Invisible

» CFVF - First Capital
Thu Dec 13, 2018 5:18 am by Ethical Trader

» Obituary Notice.
Wed Dec 12, 2018 11:18 am by sashimaal

» BFN - Orient Finance
Wed Dec 12, 2018 9:34 am by PANTOMATH

» බඩගිනී
Tue Dec 11, 2018 9:20 am by Ethical Trader

» අනං මනං! #/+?.<>
Sun Dec 09, 2018 11:19 am by lanka

»  Rajgama heroes !
Sun Dec 09, 2018 9:43 am by කිත්සිරි ද සිල්වා

» BOPL.N0000 (Bogawantalawa Tea Estates PLC)
Fri Dec 07, 2018 7:35 am by The Invisible

» Sri Lanka economic slowdown trims company profits, bank earnings grow
Thu Dec 06, 2018 3:04 pm by nihal123

» JINS.N0000 ( Janashakthi Insurance PLC)
Thu Dec 06, 2018 10:05 am by The Invisible

» Better Than Bitcoin
Thu Dec 06, 2018 9:42 am by කිත්සිරි ද සිල්වා

» Hutchison, Etisalat complete mobile networks merger in Sri Lanka
Wed Dec 05, 2018 9:30 am by The Invisible

» Oil prices surge more than 5-pct
Mon Dec 03, 2018 1:53 pm by Ethical Trader

» CCS.N0000 ( Ceylon Cold Stores)
Mon Dec 03, 2018 10:03 am by The Invisible

» HAYC - Haycarb
Sun Dec 02, 2018 3:04 pm by xmart

» In the Meantime, Within Our Shores !
Sat Dec 01, 2018 4:36 pm by කිත්සිරි ද සිල්වා

» LGL Laugfs Gas
Fri Nov 30, 2018 9:43 am by The Invisible

» Oil prices gain as investors eye Fed relief on interest rates
Fri Nov 30, 2018 9:41 am by The Invisible

» ලැයිස්තුගත සමාගම් 8 ක් කොටස් ගනුදෙනු තහනම් වීමේ අවදානමක
Thu Nov 29, 2018 11:34 am by nihal123

» අපි තනිකර ලෝකය දිව යන්නේ
Thu Nov 29, 2018 11:32 am by කිත්සිරි ද සිල්වා

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Thu Nov 29, 2018 10:32 am by The Invisible

» Orient Finance PLC--(Share_Valuation_Report)
Thu Nov 29, 2018 7:17 am by yellow knife

» කිඹුලා
Mon Nov 26, 2018 7:20 am by Lalinda

» Sandos' Vs Creators'
Sun Nov 25, 2018 1:17 pm by කිත්සිරි ද සිල්වා

» Tourists Arrival
Sat Nov 24, 2018 10:07 am by කිත්සිරි ද සිල්වා

» බිරිඳ
Fri Nov 23, 2018 11:49 am by Ethical Trader

» ගෙයක් හදන්නද ඉන්නේ
Fri Nov 23, 2018 5:55 am by Brave Heart

» --- සමෝසා වෙළෙන්දා -------
Fri Nov 23, 2018 5:51 am by Brave Heart

» විකුණුම්කරු
Sun Nov 18, 2018 2:10 pm by Ethical Trader

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Sun Nov 18, 2018 12:00 am by xmart

» Will YOU VOTE for ME if I run for SL PRESIDENCY?
Sat Nov 17, 2018 11:43 am by CK

» *කොට්ටේ තරණය කිරීම*
Fri Nov 16, 2018 6:25 pm by Ethical Trader

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Wed Nov 14, 2018 9:20 pm by pjrngroup

» DIPD.N0000 (Dipped Products)
Wed Nov 14, 2018 7:18 am by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Wed Nov 14, 2018 7:16 am by The Invisible

» TAFL - Three Acre Farms
Wed Nov 14, 2018 7:14 am by The Invisible

» RCL - Royal Ceramics
Wed Nov 14, 2018 7:12 am by The Invisible

» HAYL.N0000 Hayleys PLC
Wed Nov 14, 2018 7:08 am by The Invisible

» How to trade Stock profitably?
Tue Nov 13, 2018 11:55 am by indramal

» What are investing methods in Sri Lanka?
Tue Nov 13, 2018 6:39 am by indramal

» Thread for General News Local/Foreign
Mon Nov 12, 2018 7:57 am by serene

» Anybody invest New York or Landon Stock Exchange?
Sat Nov 10, 2018 8:53 am by කිත්සිරි ද සිල්වා

» JKH.N0000
Fri Nov 09, 2018 10:49 am by ruwan326

December 2018
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
3031     

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Mangala says Hambantota PPP a leap forward for SL

Go down

Mangala says Hambantota PPP a leap forward for SL

Post by sashimaal on Wed Jul 26, 2017 7:54 am

Minister of Finance and Media Mangala Samaraweera yesterday told Parliament that the new Public-Private Partnership for Hambantota Port would be the turning point for Sri Lanka on the way to prosperity and development.

Promising the critics an opportunity to debate the agreement, the Minister said: “This project will be a great leap forward when it comes to the development of the country.

It will lay the foundation to convert the Hambantota Port into a profit-making venture while generating thousands of employment opportunities for the youth.”

The Magampura Mahinda Rajapaksa Port is built inland and operated by the Sri Lanka Ports Authority. The first phase of the Magampura Mahinda Rajapaksa Port was opened on 18 November 2010. The total estimated construction cost of the Phase 1 of the project is $ 361 million, out of which 85% has been funded by the EXIM Bank of the People’s Republic of China.

The port is expected to serve ships travelling along the East-West shipping route which passes six to 10 nautical miles (19 km) south of Hambantota. However, the port incurred heavy losses, making debt repayment an issue as a result, and in 2016, 80% was leased to China Merchants Ports holding company in a debt-for-equity swap.

Citing unsuccessful projects launched during the Rajapaksa regime, the Minister said: “We have already filed court cases pertaining to Rs. 3.1 billion worth of money and property belonging to three members of the Rajapaksa family. These include land, houses and black money invested in various purposes.”

Minister Samaraweera explaining the country’s debt crisis said: “This year alone, we need $ 2,805 million to repay loans and interest; loans obtained during the Rajapaksa regime account for 72% of that sum. The peak of debt crisis will be from 2018-2020. In 2019, we have to find $ 4,245 million (Rs.3.2 trillion) to service foreign debt and loans obtained during the Rajapaksa regime account for 82% of that sum. However, the total annual revenue of the country is little over Rs. 1 trillion.” (AH)


http://www.ft.lk/article/631366/Hambantota-deal-before-P-ment--signing-on-Saturday
avatar
sashimaal
Top contributor
Top contributor

Posts : 5704
Join date : 2014-02-28

Back to top Go down

Back to top


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