Arjun Mahendran

[Nash_Node]

I know it's not the OLD elakiri where one can look forward for a thoughtful and a worthwhile chat about subject that actually matter.

These days, Elakiri seems to be filled with 16 year old hormone driven little degenerates who launches into avalanche of filth and preposterous allegations when met with a subject that challenge them or intimidate their paper houses.

Anyways.. getting back to the subject of this "hopeful" conversation

Did anyone of you chaps here watched CBSL governors talk show last night and any comments on the subject.??

Appreciate from both Pro Maithree and Pro Mahinda supporters... if such the latter exists any more.


EDITED to put the link

http://www.itn.lk/2015/06/11/naduwa-2015-06-11/

please watch the program here if you missed it. It's 1.5 hrs long.. but do watch it since it's pretty damn important in understanding the difference between the lies Politicians utter and the standing of a statesman.

 

[eranga_rama]

no. do you have a link where i can watch it??

 

[GrandJury]

if you are thinking to have a well resourced, educated and topic oriented discussion im afraid this is not the place. Many act like they they are the professionals on the subject but they know nothin.

i also dont have enough knowledge to get into a discussion or debate on such delicate matter.

 

[mldarshana]

Link please ?

 

[Nash_Node]

The whole program can be seen here

http://www.itn.lk/2015/06/11/naduwa-2015-06-11/

that's 1.5 hour talk show.. but I implore you all to watch it

 

[cvally007]

No Idea bro ...is that discussion uploaded ?

 

[eranga_rama]

watched the first one hour. No doubt he is a well respected investment strategist, economist in the world. Having said that,

He was made aware in early Feb that the govt needed 13.5 Bn to be delivered on 02nd of March. But why did he wait till 27th of February to raise the short fall of 10bn (at a higher interest rate). He himself admits he raised 3.5bn through private placement. And also says as per the public debt manual the central bank should conduct auctions as much as possibles rather than private placements. Another contradicting statement.

Got two questions.
01. Why did he wait till the last moment to raise the short fall?
02. Why did he raise 3.5 bn through private placements, where as he is required to raise the entire 13.5 Bn through auctions. Had the central bank followed proper procedures and acted early they would have been able to save the extra 3% over the 30 year period.

 

[JAMJOOM]

watched the first one hour. No doubt he is a well respected investment strategist, economist in the world. Having said that,

He was made aware in early Feb that the govt needed 13.5 Bn to be delivered on 02nd of March. But why did he wait till 27th of February to raise the short fall of 10bn (at a higher interest rate). He himself admits he raised 3.5bn through private placement. And also says as per the public debt manual the central bank should conduct auctions as much as possibles rather than private placements. Another contradicting statement.

Got two questions.
01. Why did he wait till the last moment to raise the short fall?
02. Why did he raise 3.5 bn through private placements, where as he is required to raise the entire 13.5 Bn through auctions. Had the central bank followed proper procedures and acted early they would have been able to save the extra 3% over the 30 year period.

yes, valid points.......

but the delay due to finance ministry's fault, they have to sort procedural delay like figuring out the amount and to obtain cabinet approval and so on.

but they had to admit some misups happen due to time challenge in order to follow required procedure.

 

[doonga]

No comments as I'm not an expert in these kind of subjects. If anyone interested in youtube link, here it is > https://www.youtube.com/watch?v=0iw2np2fLe8

 

[isurueka]

Don't worry pro mahinda fans won't comment here

 

[eranga_rama]

yes, valid points.......

but the delay due to finance ministry's fault, they have to sort procedural delay like figuring out the amount and to obtain cabinet approval and so on.

but they had to admit some misups happen due to time challenge in order to follow required procedure.

No it's not finance ministry's fault. They gave one month notice (i presume cabinet approval had been granted by then, if it's required). It's up to the central bank to decide whether they are going for treasury bills, bonds (5, 10, 15 or 20 , 30 or even 99 year bonds). Finance ministry is not worried about how the Central bank issue bond. They give a date and they want money by that date.

Yes it's obvious that central bank has stuffed up the bond issue. Not only that, the majority of the bonds have been sold at a higher rate to a company that he has a conflict of interest. As per my opinion this guy should resign immediately and go back to whereever he came from. Past performance is not a true indicator of future. And he proved it.

 

[fakerandi]

Don't worry pro mahinda fans won't comment here

i dont think pro MY3 fans will comment either. Considering both parties just want to prove that the person they represent is right.

 

[Pentagram]

No it's not finance ministry's fault. They gave one month notice (i presume cabinet approval had been granted by then, if it's required). It's up to the central bank to decide whether they are going for treasury bills, bonds (5, 10, 15 or 20 , 30 or even 99 year bonds). Finance ministry is not worried about how the Central bank issue bond. They give a date and they want money by that date.

Yes it's obvious that central bank has stuffed up the bond issue. Not only that, the majority of the bonds have been sold at a higher rate to a company that he has a conflict of interest. As per my opinion this guy should resign immediately and go back to whereever he came from. Past performance is not a true indicator of future. And he proved it.

True indeed!