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Tsunami: UN slams Govt., LTTE
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Revy
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 27 Dec 2006 22:14:21 GMT Report for Abuse
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Oh wow, more good news for 'Sri Lanka', well if these promised victories come around investing in these bonds could be a good profit makre, given their higher returns due to poorer ratings
Standard & Poor's sovereign credit ratings on the Democratic Socialist Republic of Sri Lanka (Sri Lanka) are foreign currency 'B+/B' and local currency 'BB-/B'. The outlook on both the long-term foreign currency and local currency ratings is negative.
The bad:
'The ratings on Sri Lanka reflect the high level of government indebtedness and weak revenue mobilization, together with security concerns posed by the unresolved conflict with Tamil separatists,' said Standard & Poor's credit analyst Agost Benard.
Ok some good news, for now hehe but we already see this resilience faltering
'These factors are balanced against the economy's demonstrated resilience and favorable medium-term growth prospects, as well as the benign terms of its external debt, which impose minimal stress on external liquidity.'
Oh oh MR better raise taxes some more, especially with all that spending on bunkers to defend agains the LTTE F-15s and their bunker busters.. what? you say they don't have any? Then why is MR building a bunker? Are the Indians going to bomb him???
Sri Lanka's limited fiscal flexibility due to weak public finances and a narrow tax base is a significant constraint on its credit rating. Although recent tax rises caused a notable increase in the tax-to-GDP ratio to an estimated 15.5% in 2006 from 13.1% in 2003, the country's tax base remains fundamentally deficient.
Ouch someone has been out on a shopping spree with the credit card tsk tsk:
The high level of public indebtedness is an additional constraint on the ratings. Lack of political will and the divergent policies of successive governments hampered consolidation efforts in the past. General government debt stood at an estimated 90% of GDP in 2006, and the interest burden on this debt at close to 30% of general government revenues further restricts fiscal flexibility. The debt-to-revenues ratio at an estimated 470% is more than double that of the
median for similarly rated countries, and highlights Sri Lanka's high level of indebtedness and the relatively low fiscal resource base to service it.
Oh well guess I will wait till the bonds are rated even lower with and even higher return LOL:
'The outlook on the rating on Sri Lanka could revert to stable with more robust initiatives to further fiscal consolidation, or if tangible progress were achieved in a final peace settlement with the Tamil separatists,' said Mr. Benard. 'A resumption of full-scale war and fiscal slippage, however, would exert downward pressure on the rating.' |
Revy
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27 Dec 2006 22:31:07 GMT Report for Abuse
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Well the news just keeps coming for Sri Lanka eh? I thought now that the LTTE were also 'pirates' the world would come knocking at Sri Lanka's doors as to how they could help them? What happened??? LOL.
A US Congressional report based on a recent mission by the Senate Foreign Relations Committee to the Asian region said yesterday the government of Sri Lanka did not take corruption seriously as an issue.
Kusumban, ok man I am waiting, but you are preaching to the choir I know very well some of the tricks used by our fellow Tamils and I do not approve of them, but it has nothing to do with what the GoSL is doing to our people back home. You say you feel sorry for your relatives in Jaffna, but who is starving them? The LTTE or GoSL?
When Britian was blockaded by the Germans, would you be saying the British were starving because it is their fault for not just surrendering to the Germans? |
nale
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 27 Dec 2006 22:51:18 GMT Report for Abuse
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Yes! some of our tamils used inappropriate methods to get out of the sinhala terrorist state's killing fields.To safe guard the lives of their families, they did that .Desperate people do desperate things.Decent people should not harp on it.But ilikulathor do harp on the unfortunate people's sufferings, as if they are saints.
NAtional LEader/EELAN.
Edited By - nale - 27 Dec 2006 23:08:57 GMT |
Sritharan
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27 Dec 2006 23:53:52 GMT Report for Abuse
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Mr 'Kusumban' Crown:
Is this your new carnation today! You became a laughable stock in the forum.
Peoples say every village has its own 'Clown', maybe it is also true every forum has its own 'Clown' Too! |
Revy
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27 Dec 2006 23:56:05 GMT Report for Abuse
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Container journeys
Sea
Fake tourist visas student visas
Loads of lies!!!!!at airports
I know a guy claimed asylum showing a wound he had earlier falling fom a tree.
One guy said in USA )on his way to canada)
Army attacked our village. Our family splited. I don?t know where is my appa, amma or any others! I just reached Colombo and paid money for agemncy..
Why all these? Those really happened in his life? No! only for the welth of west life! No problem! But why these hide and seek?
You know our lawers are very expert in case writing!
If these guys are really asylum seekers, why do they switch counties?
Well this is one thing we can agree on Kusumban, I do not respect those who did these things and I know of a few of them too, they also after coming here live on welfare and steal from people like me (since it is my taxes that pay for their welfare). I pay more in taxes than some people earn in an year, so I too am angry at these layabouts.
BUT again this is nothing to do with what is being done to our people in Sri Lanka, there are scum in every race, they wouldn't be human if it was not so. If anything once the problems in Sri Lanka are solved, these false claimants will have no excuse anymore to do their crimes.
Edited By - Revy - 27 Dec 2006 23:57:54 GMT |
shan
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28 Dec 2006 00:04:05 GMT Report for Abuse
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Hey guys
Sangaree to follow Kadir
TULF President V. Anandasangree has told President Mahinda Rajapaksa the demerger of the North-East Province was untimely. If you are serious about all our people irrespective of their ethnicity enjoying all rights like others, please stop further action on the de-merger and maintain the status quo
Edited By - shan - 28 Dec 2006 00:04:56 GMT |
tigeress19
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28 Dec 2006 00:22:10 GMT Report for Abuse
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Kusu
what is your point? what have you proved so far apart from switching sides, degrading the entire island tamils, pretending as an innocent and sending filthy emails to the ones who trusted you and countless avatars. |
shan
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28 Dec 2006 00:31:42 GMT Report for Abuse
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This is not a frican nation to make any decision, on the other side of Coffee anan and he didn't do nothing about IRAQ, how he can say about sri lanka
ideal candidate is Jayantha Tea bala. |
BigBang
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 28 Dec 2006 00:35:35 GMT Report for Abuse
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Sri Lanka's Economic Growth Probably Slowed in Third Quarter
Supreme/High court, Central Bank... all top bodies are NOT independent..... and say what MR wishes...
Central bank will forecast 8-9% GDP growth..
actual may be 5-6% in srilankan currency...BUT srilankan currency has depreciated more than 10% in one year inflation is more than 15 %
Real GDP is in fact NEGATIVE....
Poor Sinhalese villagers will not know about this ... But they will eventually know when the subsidies of all imported goods are removed...specially on petroleum ...
By the time they all realize the CON of MR government...IT IS TOO LATE.....IRRECOVRABLE DAMAGE IS DONE..... |
nirupam
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 28 Dec 2006 00:49:55 GMT Report for Abuse
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Saleem,
Why could not a Judge from either Muslim or Tamil community be included in the panel of FIVE who declared that it was against the constitution?
Don't you know there is NO any Tamil Supreme Court Judge in Sri Lanka to be included in the panel though 18.5% of the population are Tamils excluding the Tamil speaking Muslims. Why do you think Tamils are fighting? To redress the injustices and inject a sense of fairness to the Sri Lankan society and institutions.
If that Joint Mechanism (P-TOMS) as agreed and approved by the ex-President and LTTE was set up the tsunami victims and those affected won't be languishing in temporary sheds made of corrocated sheets. Muslims are also getting roasted in those sheds under the burning sun.
As the PM this Mahinda Rajapakse presented it to the house of parliament but somersaulted to get the support of the Sinhala Buddhist extremists JHU and JVP. The unfortunate victims pay the price and these power hungry politicians are laughed at by the world.
Edited By - nirupam - 28 Dec 2006 00:51:03 GMT |
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