Disturbing stock market trends

- www.ft.lk

I am very disturbed by what I have read in your paper and in the independent media about what is going on in the stock market.

Scandals and many unwanted deals have happened in the recent past. To name a few the Greek bonds loss, NSB being forced to buy a stake in bankrupt The Finance Company, EPF investments, CPC crisis – the list is endless. But to date no one single official has been brought to book, other than the forced resignation of the NSB Chairman and the sudden exit of two respected professionals from the SEC.
Why is it that the people responsible for the Greek bonds investment, EPF investments, the culprits in the NSB deal and CPC are not brought to book? The new SEC Chairman Nalaka Godehewa is being accused of hundreds of conflicts in the media. But he continues despite being an accountant by profession.
The Finance Chairman Preeti Jayawardana – again an accountant professional – continues in his role even though the other party to the fiasco Mr. Kariyawasam resigned in disgrace.
These people have lost touch with reality. There seems to be no honour like that which was displayed by the two former SEC heads. They should learn from people like that.
We need sanity to prevail again in the stock market. The current run may be another disaster for those poor retailers, who borrow and invest in the market and who needs protection at any cost. Only your paper can do that, by reporting the truth. Davinda

You may also like

- colombogazette.com

At least 155 people have died in floods and landslides in Tanzania following heavy rains caused by El Niño, the prime minister has said. Kassim Majaliwa warned that the rains might continue into May, and urged families to leave flood-prone areas. About 200,000 people and more than 51,000 households were already affected by the disaster, […]

- colombogazette.com

The opening day of the ICC Women’s T20 World Cup Qualifier 2024 saw Sri Lanka and Ireland notch up convincing victories to top their respective groups. Eimear Richardson starred with an all-round performance for Ireland in their win over UAE while Sri Lanka’s bowlers shone as they bowled Thailand out for 55 at the Tolerance […]

- colombogazette.com

President Ranil Wickremesinghe declared open the Nihonbashi Japanese Restaurant situated within the premises of the Colombo Port City.

- news.lk

Non Cabinet Minister of State Plantation Enterprises Reforms and State Minister of Finance, Ranjith Siyambalapitiya, announced that in the first quarter of this year, state revenue has reached an impressive Rs. 834 billion. This achievement not only surpasses the projected revenue but also indicates a growth of 6%. The state minister emphasized that with prudent financial management and a consiste...

- adaderana.lk

The Japanese Government has provided a grant of US$3 million through the Food and Agriculture Organization of the United Nations (FAO), to strengthen inland fisheries and improve rural livelihoods in partnership with the Ministry of Fisheries of Sri Lanka.

- island.lk

Non Cabinet Minister of State Plantation Enterprises Reforms and State Minister of Finance, Ranjith Siyambalapitiya, announced that in the first quarter of this year, state revenue has reached an impressive Rs. 834 billion. This achievement not only surpasses the projected revenue but also indicates a growth of 6%. The state minister emphasized that with prudent […]

Resources for Sri Lankan Charities:View All

How important are accountability and transparency for a charity to receive international donations
How important are accountability and transparency for a charity to receive international donations

Sri Lankan Events:View All

Sep 02 - 03 2023 12:00 am - 1:00 am Sri Lankan Events - Canada
Sep 09 2023 7:00 pm Sri Lankan Events - Australia
Sep 16 2023 6:00 pm - 11:30 pm Sri Lankan Events - USA
Oct 14 2023 8:00 am Sri Lankan Events - UK

Entertainment:View All

Technology:View All

Local News

Local News

Sri Lanka News

@2023 - All Right Reserved. Designed and Developed by Rev-Creations, Inc