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

Display results as :
 


Rechercher Advanced Search

Latest topics
» Coronavirus Updates
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyYesterday at 10:18 pm by The Invisible

» Thread for News on International Markets
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyYesterday at 7:39 am by The Invisible

» In the Meantime, Within Our Shores !
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Apr 08, 2020 10:00 pm by කිත්සිරි ද සිල්වා

» Embrace Modernity or Perish is the Question Today
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Apr 08, 2020 2:43 pm by කිත්සිරි ද සිල්වා

» Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Apr 08, 2020 2:40 pm by The Invisible

» Sri Lanka’s Colombo tea auction goes online amid Coronavirus curfew
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Apr 08, 2020 10:09 am by The Invisible

» Cartoon Today
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Apr 08, 2020 10:04 am by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Apr 07, 2020 7:51 am by The Invisible

» ඩොලරයේ විකුණුම් මිල රු. 199 ඉක්මවයි
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Apr 06, 2020 3:03 pm by කිත්සිරි ද සිල්වා

» මරණය-පෙනි-පෙනී-ඇමරිකාවට-ගිය-ගමන
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Apr 05, 2020 8:00 pm by nihal123

» Happy Birthday
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Apr 04, 2020 3:21 pm by pjrngroup

» Nikon Offering Free online Photography Classes
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Apr 04, 2020 10:23 am by කිත්සිරි ද සිල්වා

» Oil, Gold & Silver Prices
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Apr 04, 2020 9:39 am by කිත්සිරි ද සිල්වා

» A Simple but Powerful Yogic Process to Boost Immunity and Enhance Lung Capacity
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Apr 03, 2020 8:15 pm by කිත්සිරි ද සිල්වා

» Sri Lanka finance companies pressured by Coronavirus: Fitch
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Apr 03, 2020 1:12 pm by The Invisible

» Sri Lanka appeals for forex inflows to combat COVID-19, lifts inward restrictions
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Apr 02, 2020 8:49 pm by The Invisible

» Sri Lanka to control imports except oil and medicines, grow vegetables: Minister
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Apr 02, 2020 8:48 pm by The Invisible

» ඇඳුම නං නරක නෑ
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Apr 01, 2020 9:48 am by The Invisible

» Kagame gives food, free electricity to every household during lockdown
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Mar 31, 2020 10:07 am by කිත්සිරි ද සිල්වා

» MARKET HOLIDAY ON 30TH MARCH 2020
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 29, 2020 10:09 pm by කිත්සිරි ද සිල්වා

» Power of Social Media
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 29, 2020 1:19 pm by කිත්සිරි ද සිල්වා

» මනුස්සකම
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 29, 2020 10:10 am by LSE

» 450 Ivy League courses you can take online right now for free
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Mar 28, 2020 2:32 am by pjrngroup

» අය කළ ණය වාරික නැවත ලබා දෙනවා – මහජන බැංකු සභාපති කියයි
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Mar 27, 2020 12:02 pm by nihal123

» මේ දුප්පත් රටට ඔබේ ජීවිතය බේරලා දෙන්න උදව් කරන්න.
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 26, 2020 4:26 pm by malanp

» Coronavirus COVID-19 Live update
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 25, 2020 7:59 pm by nihal123

» Anytime Data
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 25, 2020 4:07 pm by pjrngroup

» Films - To Watch List
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 25, 2020 12:05 pm by yellow knife

» US Embassy urges Americans in Sri Lanka to leave
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 25, 2020 8:16 am by The Invisible

» Why we need to practise social distancing
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Mar 24, 2020 8:44 pm by chutiputha

» මුළු දිවයිනටම ඇඳීරි නිතිය
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Mar 24, 2020 8:17 pm by chutiputha

» නමක් ගමක් දන්නෙ නෑ රත්තරන් මනුස්සයෙක්
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Mar 24, 2020 6:01 pm by nihal123

» Amazon today cancelled the subscription of books and audio stories
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Mar 24, 2020 5:33 pm by කිත්සිරි ද සිල්වා

» ජනපතිගෙන් ජනතාවට සහන
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Mar 23, 2020 8:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka asks telecos to give emergency credit to keep in touch in Coronavirus fight
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Mar 23, 2020 7:35 am by The Invisible

» කොටස් වෙළෙඳපොළ හෙට පැය 03කට විවෘත කෙරේ. හැකි නම් නිවසේ සිට වැඩ කරන්න
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Mar 23, 2020 7:18 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 22, 2020 7:52 am by The Invisible

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Mar 21, 2020 2:27 pm by serene

» Obituary Notice.
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Mar 21, 2020 1:13 pm by කිත්සිරි ද සිල්වා

» Sri Lanka makes mini-budget till May 2020 under Presidential powers
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Mar 21, 2020 9:49 am by The Invisible

» හෝමාගම රෝහලත් කොරෝනා රෝගීන් සඳහා වෙන් කරයි
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Mar 21, 2020 9:43 am by nihal123

» People first, economy next, says top economist
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Mar 20, 2020 9:59 am by Backstage

» කොටස් වෙළෙඳපොළ ගනුදෙනු හෙට යළි ඇරඹෙයි
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Mar 20, 2020 8:34 am by malanp

» ඉන්දීය අගමැති මුළු රටටම ඇඳිරි නීතිය පනවයි
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Mar 20, 2020 8:05 am by The Invisible

» Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 19, 2020 2:36 pm by කිත්සිරි ද සිල්වා

» නිවසේ සිට වැඩ කරන සතියක් : රජය සහ පුද්ගලික අංශය දෙකටම
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 19, 2020 2:31 pm by The Invisible

» Sri Lanka elections delayed over Coronavirus
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 19, 2020 2:27 pm by The Invisible

» Sri Lanka’s market closed over Coronavirus on March 19
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 19, 2020 9:31 am by The Invisible

» Sri Lanka stock market closed Tuesday in Coronavirus holiday
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 19, 2020 9:23 am by The Invisible

» Sri Lanka President orders 6-month debt moratorium, 4-pct working capital
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 18, 2020 3:17 pm by slstock

April 2020
SunMonTueWedThuFriSat
   1234
567891011
12131415161718
19202122232425
2627282930  

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

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Go down

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital Empty Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Post by The Invisible on Tue Mar 17, 2020 9:48 pm



ECONOMYNEXT – Sri Lanka’s President Gotabaya Rajapaksa ordered banks to suspend collecting loans for six months and provide working capital for businesses loans at 4 percent, as the country is battling a Coronavirus epidemic.

“Loan repayments to banks and financial institutions are a big burden for businesses,” President Rajapaksa said in a television address to the nation.

“I am ordering that debt should not be collected or six months and for working capital to be provided at 4 percent.”

Sri Lanka’s banks had already given a debt moratorium to tourism which was hit by a suicide bombings last year and a debt moratorium to those who requested in a proposal made by Prime Minister Mahinda Rajapaksa.

President Rajapaksa also ordered a price control on businesses. Dhall shall be sold at 65 rupees and a tin of sardine at 100 rupees he said, without specifying the size. (Colombo/Mar17/2020)








The Invisible
The Invisible

Posts : 1746
Join date : 2016-11-28
Age : 40

Back to top Go down

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital Empty Re: Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Post by කිත්සිරි ද සිල්වා on Tue Mar 17, 2020 11:05 pm

ජාතික ආපදාවත් චන්ද හිගමනට ! Shocked

_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 8369
Join date : 2014-02-23
Age : 62
Location : රජ්ගම

Back to top Go down

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital Empty Re: Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Post by The Invisible on Wed Mar 18, 2020 10:16 am

I thought the speech was entirely to focus on what the Gvt doing to control this virus and why the people of country should actively support government. But at the end I saw reduction in dhal, canned fish prices ne Shocked
The Invisible
The Invisible

Posts : 1746
Join date : 2016-11-28
Age : 40

Back to top Go down

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital Empty Re: Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Post by කිත්සිරි ද සිල්වා on Wed Mar 18, 2020 10:23 am

The Real Message Yesterday !

" රටවැසියනි,
අපි ඉදිරියට දෙන පරිප්පු කෑමට සූදානම් වෙන්න ! " Shocked

The Invisible wrote:I thought the speech was entirely to focus on what the Gvt doing to control this virus and why the people of country should actively support government. But at the end I saw reduction in dhal, canned fish prices ne Shocked

_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 8369
Join date : 2014-02-23
Age : 62
Location : රජ්ගම

Back to top Go down

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital Empty Re: Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Post by The Invisible on Wed Mar 18, 2020 1:00 pm

parippu samaga tin maalu Razz
The Invisible
The Invisible

Posts : 1746
Join date : 2016-11-28
Age : 40

Back to top Go down

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital Empty Re: Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Post by malanp on Wed Mar 18, 2020 3:07 pm

The Invisible wrote:

ECONOMYNEXT – Sri Lanka’s President Gotabaya Rajapaksa ordered banks to suspend collecting loans for six months and provide working capital for businesses loans at 4 percent, as the country is battling a Coronavirus epidemic.

“Loan repayments to banks and financial institutions are a big burden for businesses,” President Rajapaksa said in a television address to the nation.

“I am ordering that debt should not be collected or six months and for working capital to be provided at 4 percent.”

Sri Lanka’s banks had already given a debt moratorium to tourism which was hit by a suicide bombings last year and a debt moratorium to those who requested in a proposal made by Prime Minister Mahinda Rajapaksa.

President Rajapaksa also ordered a price control on businesses. Dhall shall be sold at 65 rupees and a tin of sardine at 100 rupees he said, without specifying the size. (Colombo/Mar17/2020)


Financial Times says Interest is suspended for 6 months while Economynext  says loan collection. ultimately only talk, nothing will happen. banks will operate as usual.

people will vote for them.

does president have powers to order banks or he needs to order through a gazzete or through Central Bank?

malanp

Posts : 504
Join date : 2014-03-04

Back to top Go down

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital Empty Re: Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Post by slstock on Wed Mar 18, 2020 3:17 pm

malanp wrote:

Financial Times says Interest is suspended for 6 months while Economynext  says loan collection. ultimately only talk, nothing will happen. banks will operate as usual.

people will vote for them.

does president have powers to order banks or he needs to order through a gazzete or through Central Bank?

1) President can only make a request.

2) He will need to move this through proper channels for it to be a law !

Most probably nothing will happen in this case as you say
( unless some banks voluntarily does it)


ps : Its different from the scene , when President asked  Royal Thomian
match to be not held ( but they held it anyway)  Vs him easily ordering it not to be held .

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : https://forum.lankaninvestor.com/t1548-important-warning-and-message
---------
slstock
slstock
Veteran
Veteran

Posts : 5907
Join date : 2014-06-12

Back to top Go down

Back to top


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