HSBC one of super 10 employers in Sri Lanka

  • 6 Mar 2008 10:59:46 GMT

    [Is MAS Intimates in the Garment Sector? If so, Sri Lanka`s dependence of Quotas will determine its fate.]

    Quota agreements with US have been expired about 4 to 5 years ago. Exports don`t depend on quotas no more, companies such as MAS and other big time players are more than well equipped to compete with China and India.

  • 6 Mar 2008 11:05:19 GMT

    HSBC helped to raise USD 500 millions recently in Govt bonds. This award is an incentive in the attempt to help with USD 300 millions badly needed by this bankrupt govt to carry forward their military jingoism and kill Sri Lankans and destroy their livelihood.

  • 6 Mar 2008 11:57:44 GMT

    P007,

    [4 out of 10 super employers are in the Banking industry whose fate is directly linked to the Economy which does not look good]

    Machang, if the banking sector is strong it means the economy is not doing well.

  • 6 Mar 2008 19:14:25 GMT

    HSBC is poised to write off more than 19 Billion Dollars in bad debts in the near future. Can the powers be persuade the bank to include Sri Lanka`s loan of 500 Million floated or organized by HSBC at a high interest rate as a gesture of sympathy to suffering public of Sri Lanka.

  • 7 Mar 2008 10:09:02 GMT

    [Quota agreements with US have been expired about 4 to 5 years ago. Exports don`t depend on quotas no more, companies such as MAS and other big time players are more than well equipped to compete with China and India]

    If so, MAS is the other company that can continue its super status.

    Bonggo

    [Machang, if the banking sector is strong it means the economy is not doing well.]

    You may be right in one sense. Unless the Banks are interested in gobbling up the country, a non-performing economy means non-performing loans for them which will make their Balance Sheets look bad. Unless they see better days in the not-too distant future, they will want to cut their costs and cut their losses.