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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

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
China ready to pump in over US $ 5bn in FDIs: envoy EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

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China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
China ready to pump in over US $ 5bn in FDIs: envoy EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
China ready to pump in over US $ 5bn in FDIs: envoy 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
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» The Korean Way !
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
China ready to pump in over US $ 5bn in FDIs: envoy EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
China ready to pump in over US $ 5bn in FDIs: envoy EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
China ready to pump in over US $ 5bn in FDIs: envoy EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
China ready to pump in over US $ 5bn in FDIs: envoy EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
China ready to pump in over US $ 5bn in FDIs: envoy EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
China ready to pump in over US $ 5bn in FDIs: envoy EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
China ready to pump in over US $ 5bn in FDIs: envoy EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
China ready to pump in over US $ 5bn in FDIs: envoy EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
China ready to pump in over US $ 5bn in FDIs: envoy EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
China ready to pump in over US $ 5bn in FDIs: envoy EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
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» Bakery Products ?
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
China ready to pump in over US $ 5bn in FDIs: envoy EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
China ready to pump in over US $ 5bn in FDIs: envoy EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
China ready to pump in over US $ 5bn in FDIs: envoy EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
China ready to pump in over US $ 5bn in FDIs: envoy EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
China ready to pump in over US $ 5bn in FDIs: envoy EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
China ready to pump in over US $ 5bn in FDIs: envoy EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
China ready to pump in over US $ 5bn in FDIs: envoy EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
China ready to pump in over US $ 5bn in FDIs: envoy EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
China ready to pump in over US $ 5bn in FDIs: envoy EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
China ready to pump in over US $ 5bn in FDIs: envoy EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
China ready to pump in over US $ 5bn in FDIs: envoy EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
China ready to pump in over US $ 5bn in FDIs: envoy EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
China ready to pump in over US $ 5bn in FDIs: envoy EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
China ready to pump in over US $ 5bn in FDIs: envoy EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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+2
sashimaal
Backstage
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    China ready to pump in over US $ 5bn in FDIs: envoy

    Backstage
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    China ready to pump in over US $ 5bn in FDIs: envoy Empty China ready to pump in over US $ 5bn in FDIs: envoy

    Post by Backstage Thu Sep 01, 2016 9:22 am

    China ready to pump in over US $ 5bn in FDIs: envoy
    2016-09-01 08:18:15


    China’s top diplomat in the country yesterday said that the world’s second largest economy is prepared to commit over US $ 5 billion in foreign direct investments (FDIs) over the medium to long term for special economic zones, if the Sri Lankan government is prepared to authorize them.

    “We’re looking at the Economic Zone in Hambantota and in the Western Province and also some other provinces. We are looking to invest at least US $ 5 billion over the next three to five years if the government decides to go ahead,” Chinese Ambassador Yi Xianliang said.

    Speaking at a bilateral trade discussion held at the National Chamber of Commerce of Sri Lanka (NCCSL) in Colombo, Xianliang noted that Chinese FDIs into Sri Lanka this year will run into several hundred million dollars.

    Development Strategies and International Trade Minister Malik Samarawickrama had recently said that China had requested 15,000 acres of land in Hambantota to create an industrial park, which would create one million local jobs—coincidentally an election promise of the Sri Lankan government.

    He had said that the government is in the process of finding a suitable plot of land in the southern Sri Lankan town, which already has a large Chinese influence with the development of the so far underutilized Hambantota port and Mattala airport.

    Sri Lanka is an important point in China’s Maritime Silk Road, which is being developed to ensure its energy security from the oil fields of the Middle East to Chinese ports.

    Xianliang assured that China has no opposition to letting companies from other countries, including India, from setting up operations within China-led projects.

    “We welcome any third party to join Sri Lanka and China. We are not opposed to India or any other country. China already has many business relationships with India,” he said.

    The Sri Lankan government is looking at setting up dozens of economic zones specializing in different industries across the island and is in talks with several countries including India, Japan and China to develop and manage these zones.

    China is already the largest investor in Sri Lanka, owing to the US $ 1.4 billion Colombo International Financial City—previously known as the Colombo Port City—which will create additional US $ 8 billion in FDIs when the first phase is completed, and more FDIs years down the line.

    The project had been halted when the current regime came into power in early 2015, citing inadequacies in environmental assessments conducted before starting the project.

    However, the government, which came into power with a pro-West agenda, slowly started to warm up towards China—which was the favoured ally of former President Mahinda Rajapaksa—as FDIs and trade relations with the West suffered due to a weak global macroeconomic front.

    Xianliang assured that China did not pressure the Sri Lankan government to resume the project, even though geopolitics had remained the centre stage behind the scenes, as it was revealed recently that the project had reportedly received immense opposition from India, which may have led to the postponement.

    “Everyone is talking about the environment and politics, but no one is talking about the 5,000 people who lost their jobs when the construction was stopped. Who is going to pay for them?” Xianliang asked.

    China recently accepted an increased land area within the project, in exchange for not pushing for punitive damages for the delay and Xianliang said that the project would resume within one year.

    “Prime Minister Ranil Wickremesinghe said that it would resume within one year. The Port City will begin after the monsoon season, because it is hard to do construction with the weather. It will also take time to prepare 5,000 workers,” he added. (Chandeepa Weththasinghe)

    sashimaal
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    China ready to pump in over US $ 5bn in FDIs: envoy Empty Re: China ready to pump in over US $ 5bn in FDIs: envoy

    Post by sashimaal Thu Sep 01, 2016 11:37 am

    Good news. Thanks for sharing
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    Future123
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    China ready to pump in over US $ 5bn in FDIs: envoy Empty Re: China ready to pump in over US $ 5bn in FDIs: envoy

    Post by Future123 Thu Sep 01, 2016 12:31 pm

    Thanks BS.

    This will improve our exchange rate and economy. The interest rates will come down.
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    yellow knife
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    China ready to pump in over US $ 5bn in FDIs: envoy Empty Re: China ready to pump in over US $ 5bn in FDIs: envoy

    Post by yellow knife Thu Sep 01, 2016 1:40 pm

    Yes our PM within  few months traveled to China more than MR visited China within his life time...

    Some people take long time to understand reality..
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    Post by Future123 Thu Sep 01, 2016 2:03 pm

    Funniest part is that China was the biggest enemy of Sri Lanka just 20 months ago and all of a sudden China is our closest friend.

    yellow knife wrote:Yes our PM within  few months traveled to China more than MR visited China within his life time...

    Some people take long time to understand reality..
    spw19721
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    China ready to pump in over US $ 5bn in FDIs: envoy Empty Re: China ready to pump in over US $ 5bn in FDIs: envoy

    Post by spw19721 Thu Sep 01, 2016 2:13 pm

    thanks backstage.... so what about waiving off some loans or penalty or something ? I heard something like that before .
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    China ready to pump in over US $ 5bn in FDIs: envoy Empty Re: China ready to pump in over US $ 5bn in FDIs: envoy

    Post by Yin-Yang Thu Sep 01, 2016 2:59 pm

    yellow knife wrote:Yes our PM within  few months traveled to China more than MR visited China within his life time...

    Some people take long time to understand reality..

    Yes, Yes, for some people it was too late.
    For some the opposite.

    Everything came to Dicky uncle too late.

    Mama did few things too early.


    Timing matters even outside the market. neh?

      Current date/time is Sun Sep 01, 2024 5:29 am