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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Sri Lanka President orders 6-month debt moratorium, 4-pct working capital EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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4 posters

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

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    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 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)








    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම

    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 Tue Mar 17, 2020 11:05 pm

    ජාතික ආපදාවත් චන්ද හිගමනට ! Shocked
    The Invisible
    The Invisible


    Posts : 3116
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    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 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
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
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    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 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
    The Invisible
    The Invisible


    Posts : 3116
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    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 Wed Mar 18, 2020 1:00 pm

    parippu samaga tin maalu Razz
    avatar
    malanp


    Posts : 518
    Join date : 2014-03-04

    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 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?
    slstock
    slstock
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    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 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 .

      Current date/time is Thu Jun 20, 2024 10:33 am