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CSE at risk of collapsing: Bandula

26 December 2017 06:03 pm - 11     - {{hitsCtrl.values.hits}}

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The Colombo Stock Exchange (CSE) would collapse because of the short-sighted fiscal policies adopted by the Government, the Joint Opposition said today.

It said the Department of Supervision of Non-Banking Financial Institutions of the Central Bank had issued a notice on December 5, to cancel the licence of the Central Investments and Finance PLC (CIFL).

“The notice said the Monetary Board had decided to issue a notice of cancellation of the licence issued to the CIFL to carry on finance business. Cancelling the licence of listed companies would make an adverse impact on the CSE,” MP Bandula Gunawardane said.

He said the Government, when MP Ravi Karunanayake was the Finance Minister, decided to reimburse Golden Key depositors with public funds, an attempt heavily criticised even by the International Monetary Fund (IMF).

“There is no method in the world where taxpayers’ money could be utilised to compensate depositors of a private financial company,” he said.

He also said the Government was known for its fiscal mismanagement internationally, and therefore, no foreign or local investor would come to Sri Lanka. (Lahiru Pothmulla)

 

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  Comments - 11

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  • ns.nw Tuesday, 26 December 2017 06:08 PM

    Politicians have the most unappealing photos. What’s with their hand gestures in media photos or official government posters?Maybe it is to deceive everyone whilst they use their other hand to fill their pockets?

    Jagath Leanage Tuesday, 26 December 2017 06:24 PM

    Mr. and - . Do you want CSE to collapse and waiting for that ?

    ceylon Tuesday, 26 December 2017 06:52 PM

    this man said few years aho 5 member family can live with rp 2500 for a month as middle class life.this is enough of his sccounting knowledge. via DM Android App

    Ranjanie Tuesday, 26 December 2017 09:01 PM

    Can this guy even spell Stock Exchange

    Ragitha Wednesday, 27 December 2017 08:19 AM

    CIFL stocks are not even traded!! What is this man saying??

    LALITH Wednesday, 27 December 2017 10:00 AM

    there is enough from this guy..... why not he goes to star dust casino Colombo 3 than talking about economics

    SENA Wednesday, 27 December 2017 10:03 AM

    I think very often you are sharing with the public the scary dreams that you have seen the previous nights.

    TUITIONMASTER. Wednesday, 27 December 2017 10:20 AM

    MR.2500 RUPEES EMPTY PREDICTION . via DM Android App

    Lord Wolfstein Wednesday, 27 December 2017 12:55 PM

    Why does an educated man with a good background like Bandula Gunawardane get involved with Crooks and a dumped dictator?

    Saman Wednesday, 27 December 2017 12:59 PM

    This dummy should go back to teaching O/L students basic economics. That's all he knows!

    AM Wednesday, 27 December 2017 04:27 PM

    This guy talks nonsence. He looks to be a billionaire in the Maharagama area. We do not need the options from these kind of people. He is all out to distrupt the development of the country and creep into power with his other lackeys


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