Latest military reports indicate that the LTTE could have a fighting force of around 2,000 cadres, majority of whom are those forcibly recruited during the Cease-Fire and paraded before the media under such names as "RPG Commandos", "Leopard Commandos" and "Black Tigers".
Sources indicate that these cadres are fighting largely out of fear and are ready to flee every chance they get. Their morale is low but are unfortunately trapped by hardcore cadres and are afraid to surrender to the Army due to brainwashed mistrust in the SLA. However, the Army recently discovered families of LTTE martyrs among the civilians who had escaped to the government's side.
The major concern now is whether the fighting, which is concentrated mainly in and around Puthukudirippu and Ampalavanpokkanai could shift to the civilian safe zone as the Tigers run out of places to retreat. These areas start just north of Mulaitivu Town as one crosses the Wattuwan Bridge in Mulaitivu north.
Areas like Mullaivaikkal, Vellamullaivaikkal, Mathalang and Puthumathalang are designated civilian safe zones. These areas continue to be used for military purposes by the LTTE in complete disregard for civilian safety. Even the agents of a powerful multilateral humanitarian agency recently revealed that the two Zlin 143s involved in the aerial suicide mission on Colombo had taken off from near a civilian settlement along a stretch of beach at Mullaivaikkal in the designated civilian safe zone.
Meanwhile ground sources confirmed to DefenceWire that it was the 53 Division which had reached the Puthukudirippu built-up though the Commander of the 58 Division was quoted by the media as saying it was the 58 which had first breached the PTK built-up.
Friday, February 27, 2009
Danger of LTTE taking the fight to civilian safe zone
Posted by Defencewire at 7:59 PM
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1,576 comments:
«Oldest ‹Older 801 – 1000 of 1576 Newer› Newest»Maybe it's a time for lankans to dump the toilet paper for greenback.
"Every Tamil should fight to the death than getting into SLA's detention camps or slave camps."
looks like they doing the other way around. so a couple of changes must be added
"Every Tamil should fight to get out of LTTE detention camps or slave camps."
and the fight to the death part has already happened..
Well said Duzz.
once sri lanka gets a strong as steel govt. (after general elections) the investments will come in thick & fast.
never underestimate the dedication of the present set of rulers to bring the people up. they really mean business. they've alresdy delvered on the war.
next to go-
strong govt> strong economy> long term development.
when the above formula starts working mahinda will become a stronger & more respected figure than mahathir.
the most vital factor of the above formula is that the mahinda & his brothers stay alive & well for a long time right at the top.
Ananda,
mate, not quite so.
E2= 120 Rs/USD is an unlikely scenario. already it is 115 and at this rate in 5 years it will be at least 150.
that will make the annual return 1.75%. not very attractive for the risk. if E2 is anything over 132 for 15% interst rate, i won't go for it.
tolet paper Bhairav. ha ha ha!
Moshe,
"at this rate"
this rate wont be for long
# 600 troops going to Jaffna in 20 buses on A9...
Hope these buses are protected by armor plates..
vellu,
mate, don't underestimate the power of the ponnayas.
the die-arse-pora will give millions for his URINE-PEE to come to power and make love with tigers or their leftovers.
in a situation where the economy is doing badly, these dollars will be VERY powerful.
also there are unfortunately countries that are willing to give MASSIVE loans if we allow tamil elam.
japan promised 4 BILLION dollars (which is a fcuking lot of money) to be shared between GOSL and LTTE in 2003 if they came to an "agreement". we know the type of agreements RW had.
also don't forget 2001 when the growth rate became negative and URINE-PEE won the election.
Moshe,
Recently some of us debated the pros and cons of Free University Education in Sri Lanka at this blog.
I supported continuation of Free University Education, because I felt that the average Sri Lankan was still too weak financially to afford to pay thevfull cost of it.
However, I recognize that taxpayer supported University Education only directly benefits a few, at the expense of the many who benefit only indirectly in having these qualified people to serve their needs, and those of the country as a whole. At the time I graduated from the U. Sri Lanka at Peradeniya, they required us to serve the Govt. for a minimum number of years in return for that free education; which I did.
You advocated payment in full or in part, either upfront or on a deferred basis, by Sri Lankan Students for university education, principally to allow the taxpayers and Govt. to recoup the investment irrespective of the personal decision that the graduates make later in life, and secondarily to provide a financial incentive for students to attend to their studies instead of engaging in political activities and violent disruptions. The US Govt adopts a similat method of funding and/or underwriting bank loans for university students.
I think there is merit in the ideas you and others advanced for consideration sometime in the future in Sri Lanka, when the average citizen is economically better positioned, as they are in the US, to afford it.
Therefore, I would like to encourage you to write an Article on those free-market based approaches, for publication at the SriLankaPatriots Blog under the Education & Literacy Topic Area. It would be an important contribution, and would supplement my own article favoring the continuation of Free University Education for the present.
duzz,
good if it doesn't, mate.
if SL can maintain a higher % real growth than the US for the next 5 years (to put it very roughly), it is possible.
come to think of it further, it IS possible after all given the crisis US goes through now and opportunities available for SL.
Patriots,
I have added a selection of Music Video clips in the Arts;Culture: Religion Topic Area at the SriLankaPatriots Blog. They include a few of Amaradeva's Patriotic songs, as well as those of other artistes. I have also added some dance videos of cultural value.
FYI. :)
Anyone has more information on the US marines intervention to evacuate civilians?
Ananda,
right away.
Ananda,
Sinhalajukebox.org has an awesome collection of songs.. maybe they could contribute to this too
Moshe Dayan said...
Ananda,
mate, not quite so.
E2= 120 Rs/USD is an unlikely scenario. already it is 115 and at this rate in 5 years it will be at least 150.
that will make the annual return 1.75%. not very attractive for the risk. if E2 is anything over 132 for 15% interst rate, i won't go for it.
Moshe, look at the equations. The exchange rates appear as a ratio; I took the values at the time I invested and now.
If you invest now, E1=115, and say E2= 140, r1= 0.15, n=5, then
i= 0.0401 (eff. inflation rate)
r2= (1+0.15)/(1+0.04)-1= 10.58%
Still, Pretty Good compared to CD return of at most 4% in the US!
If E2= 160 Rs/USD, then
i= 0.0683
r2= (1+0.15)/(1+0.0683)-1= 7.65 %
If E2= 180 Rs/USD, then
i= 0.0938
r2= (1+0.15)/(1+0.0938)-1= 5.14 %
Still marginally better than the US CD rate!
So, it all boils down to what is the rate of inflation you are willing to pick.
duzz said..
Ananda,
Sinhalajukebox.org has an awesome collection of songs.. maybe they could contribute to this too
Yes, but I don't want to focus too much on that aspect, except to give some of the best songs conducive to inculcating patriotism. The total storage allotment for Blogs is quite limited, and should be reserved for documents, unless we can find a solution to the storage limit.
Thanks, bro!
How many govt servants were given duty free car permits?
As I remember nearly 18000 vehicles were imported duty free. Just imagine the amount of foreign reserves wasted due to this.
All these cars run on fuel, which has to be imported. And most of them get free fuel or fuel allowances by govt.
isnt improvement of living standards part of development. And its way better to import new ones without letting japan unload all of their used/defective/old junk to us.. i see the permits as investment.
And Micro was able to make a lot of sales due to the permits.
Ananda USA
Add this.. from me..
http://www.youtube.com/watch?v=k6E-k6vXZno
Pottu Amman in direct charge of LTTE
- Ada Derana
It seems that Mahen's story on Pottu was a hoax. Even defence spokesperson mentioned yesterday that pottu was in the battle field
@ Ninja.
That is nice song from Amarasiri peries, one of bests.
Thanks mate.
Funseka = Saxon = one ball shyam
It lost its ball during the last testical withdrawal from this blog.
["velluprabhakaran said...
peter's real name-
peter ponnalingam. ha ha ha!" ]
r u crazy? It is Peeter ponnadurai, not ponnalingam. Ponnalingam is me!! look at my profile pic.
ps: u know me right? I put comments on ur website ;-)
Navindran,
Will it rain tomorrow?
/Funseka = Saxon = one ball shyam/
True!! So one ball shyam is back.. hik hik What about that CJ guy..? He hound his two balls..?
Ninja said...
Ananda USA
Add this.. from me..
http://www.youtube.com/watch?v=k6E-k6vXZno
Ninja, Bro. Excellent Choice. I am uploading it NOW!
Many Thanks!
Guys and gays,
I'm compiling a Peelam Dicktionary these days. (in addition to writing the non-existent shitamil history of Sri Lanka). To give u an idea of the content of the dicktionary, here are some words and their meanings. These words are frequently used by die-ass-pora shitamils.
Intelligent = retarded
Citizens = refugees
professionals = coolies
air crafts = tin cans
Tactically withdraw = stick the tail up your ass and run
Between the SLA and the Mulathivu sea = Between the devil and the deep sea
Shitamil Peelam organizations:
Frustrated And Retarded Tamils - FART
Suckkiliyas Hiding In Toilets - SHIT
Tamil Retards Organization - TRO
Federal Union of Crazy Kallathonis - FUCK
Your suggestions, modifications, additions, substractions, multiplications and divisions are wel cum.
bst change that profile pic mate
OH MY GOD!!!
WHAT CREATIVITY!!
Ninja,
[hik hik What about that CJ guy..? ]
Actually he is BJ guy, not CJ guy.
[He hound his two balls..?]
He has hounded many balls of others, while giving them BJs.
**duzz**ඩස්ස් ඩූස්ස් ** said...
" isnt improvement of living standards part of development. And its way better to import new ones without letting japan unload all of their used/defective/old junk to us.. i see the permits as investment."
It can be argued in that way. However I see it as govt's lack of responsibility towards SL taxpayers.
And Micro was able to make a lot of sales due to the permits.
Initially no body bought Micro vehicles.. every permit holder wanted to buy japanese ones. So Micro boss issued some shares to Mr you-know-who and things were different after that.
[ **duzz**ඩස්ස් ඩූස්ස් ** said...
bst change that profile pic mate ]
Have u seen the profile pic of Peedom Farter?
I am thinking of quitting the blog. This is too much for me. I don’t think I am belonging here. This is way beyond to keep sanity for some body.
That suppaiya ponnalingam is the last straw.
Sorry guys. Good bye!
I have been reading this blog for a long time, but have not put any comments. I have seen many suck-kiliyas here including vambatu puli, peeter ponnadurai (aka lion god), and average weighted bahirav(in contrast to over-weighted Velupundai Pukakaran)
Peeter is a lion god. Once fake peter said he likes trunk god, but doesn't like lion god :)) But real peeter didn't get it, and asked "is there a lion god?" :)) :)) :))
කස්තුරි..Kasthuri said...
[I am thinking of quitting the blog. This is too much for me. I don’t think I am belonging here. This is way beyond to keep sanity for some body.
That suppaiya ponnalingam is the last straw.
Sorry guys. Good bye! ]
නොනිම් සුවඳ විහිදන කස්තුරි නිමල
උතුම් මුව නැඹෙහි තැබි බඹු නැණ විකල
විනම් මෙමට මහ බඹු පදවි යම් කල
තබමි මිනි මරන සක්කිලියන්ගෙ දිව මුල
Just collapse my comments and read the blog mate.
Prof. SP,
Oh my dear, I can breathe again, to write that you must be a some body with a fairly good base!
But why a act like this? This is out of norm!
Photos of Vaiko's Stay in LTTE Camps in the Wanni Found
This evidence should be able to convict Vaiko in India for collaboration with the LTTE proscribed by the Indian Govt.
This evidence should be used to force India & Tamil Nadu to mind their own business.
Photographs, Videos found in terror TV station bare dark secrets
Sri Lankan soldiers of Army 58 Division have made a startling discovery exposing an abominable conspiracy against Sri Lankan citizens. The soldiers have found several recent photographs and video footage in a building earlier occupied by the LTTE terrorists showing certain South Indian politicians in LTTE camps in Wanni.
According to defence sources in Puthukkudiyiruppu, these photographs and videos were discovered by the infantrymen of 6 Gemunu Watch (6GW) last afternoon (1 Mar), while engaged in clearing operations at the captured LTTE satellite communication center, in Puthukkudiyiruppu West.
Defence.lk special correspondent in Puthukkudiyiruppu said that there were a number of photographs showing some of the South Indian politicians championing tribalism, actively participating in terrorist activities in Wanni.
Leader of MDMK party in Tamil Nadu , Mr. Vaiko had been photographed in LTTE uniform, firing pistols with LTTE leader V. Prabhakaran, delivering brain-washing lectures to the LTTE terrorists, and having discussions with Prabhakaran.
"There were photographs of several other South Indian politicians involved in LTTE activities including Mr. Nadumaran", he said.
Meanwhile an analyst speaking to defence.lk, expressed his surprise at the shameless relationship, these South Indian politicians have with the convicted murderer of former Indian Prime Minister Rajiv Ghandhi.
" Prabhakaran has called Mr.Vaiko as the person who would link Tamil Eelam to Tamil Nadu one day...these photographs reveal that the plans for a greater Tamil Eeelam had been already on the way" , the analyst said.
The analyst further said that Mr. Vaiko's ceaseless attempt to save the LTTE from a military defeat might have reasons other than his so-called interest in the Sri Lankan Tamils.
"Perhaps, he is afraid of the dark truths that would surface with the end of the LTTE", he added.
Meanwhile, an LTTE attempt to launch a national TV station for its utopian state of Tamil Eelam has been exposed by a video tape found at the captured satellite communication centre.
According to our correspondent, the video tape contains a trailer created for the "National Television of Tamil Eelam" with news segments produced in Tamil, Sinhala and English languages. The news segments had been produced similar to the news telecast of Sri Lanka Rupavahini Corporation.
"When watching the news segments produced by the LTTE, it is clear that their intention was to reduce public support in the South to counter the terrorist move"
" They had been copying the news segments produced by embedded media teams of government and private TV channels and tried to counter them with false news segments produced by the LTTE propagandists", defence.lk correspondent said.
"There were many leading news items based on comments made by treacherous politicians in the South to belittle the commitment of the war heroes, aimed at character assassination of the President, Secretary Defence and the chiefs of the Armed Force, etc...it seems that the LTTE leadership like some politicians in the South, has been desperate over the public support enjoyed by the government"
Meanwhile, a senior member of an embedded media team inspected the captured satellite equipment and said that the LTTE was planning to transmit its programs via satellites. He said that the items were donated by Norway to the LTTE during the UNP government in 2002. According to him, the satellite station that the LTTE had here was similar to the national earth stations at Piduruthalagala and Padukka.
No problem, mate I accept you, no crap could write something like that that easily and quickly.
Good article by Prof Nalin De Silva on Marxism, JVP and Uni clashes
It is highly unlikely any new comers write in this blog at this time. Its not that war will be over within days - it may go on few weeks. At this very final stage of war who will find a new source to himself - he should have done it when the war was in crucial stages with information restrictions and a lot of mis-info propaganda.
DiASSpora clowns like Shyam has come back as Funseka=saxon. Others also will probably do the same. Sharp, Pecko and Bandara blogged mostly in DN but possible come here with new handles. Same is true for other side as well, when new handles appear from our side.
Also, it is too late to imitate Mahen if badrinath and ceylondefence are trying it.
Prof SP
We know FF used Buddha's pic but he is not here now. So what's the point of your pic? (After capturing K'chi no need to fire MBRLs there..)
Ananda - USA,
When I saw that article for the first time on Defence.lk I was startled a bit.I thought Vaiko and his fellow joker's had made a visit off late.But by seeing the photos,I could realise that those are the ones taken from his well publicised visit in 1989.
LTTE was in a pitched battle with IPKF and Vaiko and later Nedumaran both visited VP.These pics are not new and infact we have had several other photo's coming on TN media during that time.Unfortunately neither the state government led by Karuna not the Central government led by Karun backed VP Singh took exception to his travel and he indeed did go scot free.
I dont think there will be any action now based on those pictures.However in a interesting development yesterday,Karuna has warned that NSA might be invoked against Vaiko.If he indeed implements his warning,then Vaiko will cool his heels for 1 year just like Director Seeman has been doing.
Have to wait and watch
LTTE liberated the areas south of Chaalai. which were occupied by SLA's55 div few days ago.
LTTE commandos who were landed with the support of Sea Tigers, chased the SLA from Paalamathalan to Chaalai.
////
Blogger Minnal said...
LTTE liberated the areas south of Chaalai. which were occupied by SLA's55 div few days ago.
LTTE commandos who were landed with the support of Sea Tigers, chased the SLA from Paalamathalan to Chaalai.///////
Minnal,
Fucker wake up...WAKE UP, STP DREAMING CUNT..LOL LOL :) THATS ALL I CAN SAY.
Ananda ayya,
Dennako apitath podi invitation paarak Patriot blog ekata.
Habai mama saamaanyayen lipi kiyanawa pamanai. Ona unoth podi comment ekak dennam welawe hatiyata.
Mage ee-lipinaya thama...
pinbara@gmail.com
Sthuthii, Bohoma Pin
Minnal, this is great news. Please inform tamilnet about the victory so that they can put a head line to boost the morale of LTTE diaspora world wide.
I'm not Bhairav,
Not only that machan, they will put a LTTE commando photos taken just hours before the attack :D
DW Mahathayo.....
Any news on the following news on Def.lk?
>>>>
55 Div thrash LTTE offensive attempt: 2 LTTE boats destroyed- Mullaittivu
LTTE terrorists suffered a successive defeat at Mullaittivu, when 55 Div troops thwarted an LTTE offensive attempt North of Puthumathalan, reportedly destroying 2 LTTE boats while damaging another today (March 2).
According to battlefield reports, LTTE terrorists have launched 15 boats including 4 suicide craft assisted with simultaneous heavy mortar fire at security forces directed from the declared no fire zone.
Heavy fighting was reported in the area between security forces and LTTE since Sunday(March 1) morning 8 till 5p.m. Terrorists have launched the attack in clear desperation in order to boost the disintegrating morale of its cadres while instilling fear among the civilians who are seeking protection with security forces. Intercepted LTTE communication confirmed heavy damages to LTTE, security sources said adding that senior LTTE terrorists including Soosai and Lawrence have commanded the LTTE attack.
More information will follow. <<<<<<<<<
Good day to all patriots!!!!
Cheers Wewa
P.S. Save your venom/ vitriol for LTTE supporters ......
My friends this is not related to D. matters but to History.
Today 2nd of march 2009.Some bastards betrayed us to British in 2of march 1815.
Ninja,
[It is highly unlikely any new comers write in this blog at this time. ]
Believe me!! I'm a new commer!! I'm not in the same group as veluprabakaran, pottu, fake peter, fake Navindran etc.
But I have been reading this blog for a long time.
[Sharp, Pecko and Bandara blogged mostly in DN ]
ad dad daa!! etta nennam! Sharp (Gaussian whore) commented only in DN. I always get DN and DW confused, just like i confuse elephant headed man (ganesh) with man headed elephant (son dog)
Dear Ananda USA
Would love to contribute in development matters to your blog.
I am a UNPer with regard to economic matters and staunch MR supporter when it comes to the territorial intergrity of the country.
I would be honoured to be invited to your blog. More personal infor can be provided in an email.
My email: lankan.ian@gmail.com
Minanal said...
[LTTE liberated the areas south of Chaalai. which were occupied by SLA's55 div few days ago.
LTTE commandos who were landed with the support of Sea Tigers, chased the SLA from Paalamathalan to Chaalai.]
Viagra to my dick!!
LTTP commandos were also landed to Canada, UK, No-way,..
(In Peelam Dicktionary, commandos = commode cleaners)
Indian said...
LTTE was in a pitched battle with IPKF and Vaiko and later Nedumaran both visited VP.
Yes. We knew that too, but did not have evidence that we could supply to India for prosecution of these guys. After India is done with them, they should be extradited to Sri Lanka to serve time in Sri Lanka for violating visa laws of Sri Lanka, in addition to a host of others under our own POTA.
BTW, I appreciated your detailed reply to my post on the Greater Dravidian Nation (GDN) issue. I meant to get back to you in reply, and will do so now.
As you can see, there are many TN leaders, neck deep in actively pursuing the GDN agenda to the detriment of other countries, and perhaps their own.
You had said item #4 in my post on guerilla groups and Tamil Liberation groups was new to you. So, I recently dug up some info I had on the TNLA and posted it at DW. Did you read it? TNLA has collaborated closely with the LTTE in the past. The last bit of info there is dated 2005. However, I have more information on even more recent activity by the TNLA and an unrelated group training guerillas as we speak. There was even a video on Youtube showing the training! I have to dig that up too because I have another need for it.
Let us agree to disagree on the seriousness of the TN separatism and the GDN agenda. You say it is not serious because the TN politicians are too fragmented and nothing will come of it, and I say it is, particularly because the LTTE will give them the focus they lack...they are good at that...like the Nazis in Germany...they will make the trains run on time! Also, you cite Prabhakaran's inability to get along with people as a reason why he won't succeed in TN, and that TN politicians won't step aside for him. Well, you underestimate the charm and intelligence of the man. When he needs you, and he is helpless, he is the most accommodating of people, until he is ready to knock you off your pedestal. The TN leaders don't know him very well, or what he is capable of. He had many friends and collaborators who helped him get where he was 2 years ago; but as soon as he was on top and didn't need them he knocked them off to consolidate his hold on power. It will really not matter that he is not a native Indian like the TN leaders, but a Sri Lankan; Napoleon was not a Frenchman either, he was a Corsican who wrapped himself up in the French flag. Although VP has his own flag, he will have no problem metamorphosing it into a TN Chola flag.
You say the glass is half full, I say it is half empty...it is a subjective assessment on both sides conditioned by our individual experiences. As a Sri Lankan, terrorism and separatism is a gut level issue that I have studied, and suffered from with distant family members and close friends who have died in terrorism and war, nearly my entire adult life.
From my perspective, Tamil Nadu & Indian leaders will defer action almost until it is too late to prevent a major conflict, just as successive Sri Lanka govts did not fully appreciate the Tamil separatist problem. If we had, it would have been scotched in a few years, irrespective of India's interference in our country. Ultimately, I think a lot of innocent Tamil people will die in TN, resources that can be used to improve the lives of people will be destroyed, and massive funds will be spent on wasteful but essential security needs.
In any case, I appreciate your input from an Indian perspective. I would be ecstatic if I am wrong in my dire expectations and TN/India will be spared the looming disaster...but I don't think I am wrong.
My goal is to help ensure that Sri Lanka will not be affected by it. We just can't afford another case of terminal pneumonia. :) :)
Prof. Suppayya Ponnalingam
HEHEH LOL :) Good one bro,,,make me laugh so much,,,:)
Commede cleaners :) lol
Perpetrators
will punished
Ananda-USA said...
Indian said...
Yes. We knew that too, but did not have evidence that we could supply to India for prosecution of these guys. After India is done with them, they should be extradited to Sri Lanka to serve time in Sri Lanka for violating visa laws of Sri Lanka, in addition to a host of others under our own POTA.
-----------------------
Hi Ananda, Are you saying these photos are taken in Sri Lanka? Can we prove that?
commandos = commode cleaners
Oh...
That is the currect much for SLA commandos. Whenever SLA commandos capture LTTE bases after those abandoned, SLA commandos search something inside the commode. I thought that they are searching any weapons or booby traps hidden inside the commode. But now i realized that they were get ready for cleaning.
A great definition for SLA commandos. Ha.. ha.. ha..
... after those abandoned...
meaning tactical withdrawal right?
Thusitha said...
Hi Ananda, Are you saying these photos are taken in Sri Lanka? Can we prove that?
It is, of course, possible to create and/or modify practically any photo. Also, a chain of custody is required to prove / disprove tampering.
But, I am inclined to believe Defence.lk's report, that those photos are actual unmodified photos, and those locations are, and can be found, in the Wanni.
I really have no way of knowing for certain.
Minnal,
I am confident now LTTE is going to lose whole PTK. Whenever LTTE (Tamil Net) Claims extraordinary Success (Shooting Down Bommber) and LTTE MF like you claiming extreme action (Chalai Liberated) it implies that LTTE is going to lose big.
Puran, Dodo and Duzz, Ninja, rover, Rocky why you guys are so silent. Dennako aluth thorathuru tikak.
Ananda-USA
I have been following this blog for the past few months and noticed the interested comments made.
I will be very much appreciated if you could send an invitation to my email address casithal@gmail.com to visit the SriLanka Patriot web site
Pin said...
Ananda ayya,
Dennako apitath podi invitation paarak Patriot blog ekata.
Habai mama saamaanyayen lipi kiyanawa pamanai. Ona unoth podi comment ekak dennam welawe hatiyata.
Mage ee-lipinaya thama...
pinbara@gmail.com
Sthuthii, Bohoma Pin
Bro, Welcome to SriLankaPatriots Blog!
I emailed you an invitation. Please click on the long hyperlink, and enter your email address and email PWD in the Sign-on window to gain access to the Blog.
Cheers, :)
Ananda,
"Moshe, look at the equations. The exchange rates appear as a ratio; I took the values at the time I invested and now.
If you invest now, E1=115, and say E2= 140, r1= 0.15, n=5, then
i= 0.0401 (eff. inflation rate)
r2= (1+0.15)/(1+0.04)-1= 10.58%"
i'm afraid i have to disagree with the conclusion, mate. banks offer close to 1.88% return on US$ deposits per annum. assuming it stays around this, up and down, for 5 years it is close to 10%!
@ 1.25% it is 6.4%!
this is without any exchange risk. as you agree ex. rate is the key variable.
anyway, it depends on how risk taking you are. with all due respect to SL, i'm averse to exchange rates of soft currency. 1998 indonesia, malaysia, etc. cannot be brushed aside.
but agree that there is every likelihood of SL economy improving after the war.
[ I'm not Bhairav said...
... after those abandoned...
meaning tactical withdrawal right?]
yes yes. Please refer to my Peelam Dicktionary.
{{{ SINHALA REVELOUTIONARY ARMED FORCES (SRAF) said...
ஆத்மா said...
Any truth in the Tamilnet news on aircraft over mullaitivu?
}}}
Yes LTTP shot down an eagle.
{{{ SINHALA REVELOUTIONARY ARMED FORCES (SRAF) said...
ஆத்மா said...
Any truth in the Tamilnet news on aircraft over mullaitivu?
}}}
Yes LTTP shot down an eagle.
Ananda-USA,
Its really surprising for me that GoSL didnt have the evidence of Vaiko and Nedumaran visiting VP.
Those pictures,especially the ones with Vaiko posing with VP and his adopted Leopard cub have been circulated umpteen number of times in the media.So these pictures dont really surprise me and the one were Vaiko is giving some lecture too has already made the rounds here.So if anyone has any doubts on the originality of those pics,forget it.They are as genuine as you can get ever.
I started posting on this blog for exactly one reason.LTTE is as much India's problem as it is for Srilanka.Wether both the governments like it or not,they both need to co-operate with each other to finish off this common menace.It will cause serious ramifications for India and Srilanka if not wiped out now.
Tiger's ,to give credit to them,have really mastered the art of propoganda.Really.
The marginal support that they have in TN could be attributed to the following reasons.
One thing that I see predominantly here is the lack of knowledge on those 2 legislations adopted by GoSL.You ask any common man in TN and he will say,there is struggle now in Srilanka becoz:
1>All Tamils were forced to learn Sinhalese and they cant be employed without learning it.(Thats how the Language act of 1956 got here courtesy the propaganda masters)
2>Tamil students need to secure more marks than their Sinhala counterpars to secure admission for higher education(Again thats how the Standardization act got twisted here)
None of them here knew whats the actual legislation and the few people,who are in complete minority but support the Tigers,are the ones who still consider the above mentioned points as true.
One other point which if highlighted could cause further damage to Tiger's in TN,is how the Eelam Tamils treat the Estate Tamils.Remember its the Estate Tamils who still have their root in TN in some form or another.If this issue is highlighted,all talks of Umbilical chord relations will get thrown out of the window.
Either the GoSL or India should launch stringent counter propogation highlighting these.Then for sure the GDN aspirations,if at all they exist as claimed by Ananda-USA,could be nipped on the bud.
Ananda-USA ...
If u want to see high quality 100% defence related comments, (like the ones I put here) in ur blog, please send me an invitation too.
ponnalingam@gmail.com
i have my fears about MR going to nepal. LTTE henchmen could easily infiltrate there.
the SAARC summit was known for a LONG time.
hope he will avoid unnecessary public appearences. plane trip should also be ultra safe. tigers are VERY desperate. too many vulnerabilities.
Ian said...
Dear Ananda USA
Would love to contribute in development matters to your blog.
I am a UNPer with regard to economic matters and staunch MR supporter when it comes to the territorial intergrity of the country.
I would be honoured to be invited to your blog. More personal infor can be provided in an email.
My email: lankan.ian@gmail.com
Bro, Welcome to SriLankaPatriots Blog!
I emailed you an invitation. Please click on the long hyperlink, and enter your email address and email PWD in the Sign-on window to gain access to the Blog.
Cheers, :)
BTW:
I am not biased for/against any Sri Lankan on the basis of his party affiliation. I am only against those who work against the integrity of Sri Lanka, whatever their declared party affiliation. That is my sole criterion.
I dearly wish, that at this critical hour in the battle for the survival of our nation, the UNP would see fit to set aside all party issues and form a Unity Government to see Sri Lanka safely through the next decade. If that means the UNP would have to be the junior partner for an extended time; so be it. Our leaders should be able to transcend our own petty needs at a time like this. I would rather see the disappearance of the major parties that currently exist, than the partition of our country.
It is not the SURVIVAL of the LEADERS that is at stake here; it is the SURVIVAL of the NATION and its PEOPLE.
The main reason why previous GOSL's could not find the will to do what the current GOSL has done, is because the major parties had to depend on support from minority parties, such as the TNA, to capture and remain in power. The votes of the Sinhala majority, the main community resisting division of the country, was divided right down the middle. Without an absolute majority, the GOSL could not wage a war of liberation, until now.
I place the blame for that on our sorry Sinhala politicians on BOTH SIDES OF THE AISLE.
Murali has taken SL to pass 600.
What a little true Sri lanakan you are !!!
Moshe, Moshe,
i'm afraid i have to disagree with the conclusion, mate. banks offer close to 1.88% return on US$ deposits per annum. assuming it stays around this, up and down, for 5 years it is close to 10%!
You have misunderstood.
the r2 is the annualized yield. So, for n years the yield is (1+r2)^n. So, if r2= 0.1058, then the total yield over 5 years is 1.1058^5= 1.653 or 65.3% yield over 5 years. Compare that against the 1.0188^5 = 1.0976 or 9.76% over 5 years from US banks!
You confused r2, the yield over 1 year with the yield of (1+r2)^5 over 5 years. :) :)
Read my original derivation closely, and you will come to the same conclusion as me.
@ Ananda-USA,
Tamilnet carries an article by a former head of the department of mechanical engineering, peradeniya. Do you know him?
"Karu said...
@ Ananda-USA,
Tamilnet carries an article by a former head of the department of mechanical engineering, peradeniya. Do you know him?"
Karu,
What is the article?
@ JWick
Sri Lanka: A Besieged Society' - Sivasegaram
(Second in the list of reports in TN)
Ananda-USA said...
Moshe, Moshe,
Ananda-USA said...
Moshe, Moshe,
i'm afraid i have to disagree with the conclusion, mate. banks offer close to 1.88% return on US$ deposits per annum. assuming it stays around this, up and down, for 5 years it is close to 10%!
You have misunderstood.
the r2 is the annualized yield. So, for n years the yield is (1+r2)^n. So, if r2= 0.1058, then the total yield over 5 years is 1.1058^5= 1.653 or 65.3% yield over 5 years. Compare that against the 1.0188^5 = 1.0976 or 9.76% over 5 years from US banks!
You have misunderstood.
the r2 is the annualized yield. So, for n years the yield is (1+r2)^n. So, if r2= 0.1058, then the total yield over 5 years is 1.1058^5= 1.653 or 65.3% yield over 5 years. Compare that against the 1.0188^5 = 1.0976 or 9.76% over 5 years from US banks!
----------------------
Hmmm. Hope people are not making their investment decisions based on this type of simple calculations in this current environment.
I have seen people talking about currency etc. in this forum. Might as well toss a coin or get a monkey to give prediction these days.
If you are really interested in understanding Quantitative Finance stuff, please go to http://www.wilmott.com/
and go to one of the forums and ask your question there (This is a Quantitative Finance website).
@ Karu,
I think who you are reffering is Prof. Hool and this is some other one. May B i'm wrong.
Hi
Sri Lanka: A Besieged Society' - Sivasegaram
I thought you were reffering the main topic.
@slpower
His name is Prof. Sivasegaram
Dear Ananda-USA
Pls send me an invitation to SLP Blog. Thanks surensh_monger@yahoo.com
DW/Guys
This was in puligal's blog..seems interesting dont you think?..can it be true or was it some sort of typo error in army.lk site?..coz THERUMRIKKANDI was captured in december last year!!!..maybe some tiget teams have infiltrated these areas like you pointed out??...seems plausible, i say..
"55, 58, 59 Division troops as well as those of the Task Force - III and IV fighting and clearing the general areas of AMPALAWANPOKKANAI, east of PUTHUKKUDIYIRUPPU, CHALAI and THERUMURIKKANDI areas had several rounds of fighting throughout Thursday. Reports said troops inflicted heavy damages on the terrorists at different fronts. A handful of soldiers also sustained injuries during those confrontations."
(from February 27th report at Army.lk)
http://www.army.lk/morenews.php?id=20473
Ananda ayya,
matath asai oyage patriots blog ekata hota daanna. If anything I could contribute I will do so (but not too often for sure)
Bro..my email is hoomiti@gmail.com
Please send me an invitation.
as i was saying 2 groups along the A9 were detected and intercepted. few decomposed bodies were found afterwards
Guys, we have an opportunity to help our country by investing in foreign currencies. Lick my ass to read the more details.
But I have a question. Is it possible to get the money out of the country as same as diposited currency without any control???Because, I have bad experience getting money out of the country. It is a pain in the ass working with SL people. No one knows exact procedure and everyone sending to the other and ppl get fed up at the end.
Can someone please explain. I am sure here we have banking guys.
Mind you, I dont understand complex banking words. So please be simple. (That is another problem in SL web sites coz the contents are not simple and they use specific heavy words and therefore general public does not understand)
Thank you.
SLA armoured vehicle ambushed near Kunamurippu. Enemy casualty details unavailable. Ambush team returned to base.
Hello Ananda-USA
Can you send me an invitation also..
Mama wediye me dawas-wala post kale ne.. namuth godak isselanam post karala thiyenewa ati wenna.. matath aradanawak ewoth oyata bohoma isuthie...
Thanks
sorry Ananda forgot the email
my email..
amfmalin@gmail.com
Not a big event.
Unicorn APC supplying food parcels to troops was ambushed by a mine team near Kunamurippu. Driver and two others in the vehicle were shot dead. APC damaged, but in repairable condition. Team returned to base.
Guys, we have an opportunity to help our country by investing in foreign currencies and also getting more interests compared to the foreign countries. Lick my ass to read more details.
But I have a question. Is it possible to get the money out of the country as same as diposited currency without any control???Because, I have bad experience getting money out of the country. It is a pain in the ass working with SL people. No one knows exact procedure and everyone sending to the other and ppl get fed up at the end.
Can someone please explain. I am sure here we have banking guys.
Mind you, I dont understand complex banking words. So please be simple. (That is another problem in SL web sites coz the contents are not simple and they use specific heavy words and therefore general public does not understand)
Thank you.
Thusitha said..
Hmmm. Hope people are not making their investment decisions based on this type of simple calculations in this current environment.
How complex can compound interest calculations get, or have to be? This is not trying to do a multi-factorial analysis of the global economy using neural networks.
I manage my own investments, and have done very nicely. I also do my own taxes for myself and my own company. I have done cost analyses of R&D investments at a national laboratory over 30 years and attracted miliions of dollars in investments for my research using proposals based on those calculations. None of these things are rocket science.
The calculation I presented was sufficient for the purpose of making a rather simple decision with only a few variables: the interest rate, the foreign exchange conversion/inflation rate, and the life of the investment.
The only imponderable is the uncertainty associated with the future exchange rate. That you have to decide for yourself on the basis of historical data, and a big enough interest rate margin for your comfort level, and rely on things like investment account insurance like those offered by the FDIC, FSLIC, NCUA, if available.
I don't think that the investment bankers now lining up for bailout money, because they didn't know what they were doing, should or can be relied on for that kind of advice.
Peter the Clown is here :)
Peter, what you trying to tell is is, that ltte got fucked over and over by SLA...
lol,, ltte attacke APC with a water bomb I guess hehe lol:)
Chinthana4Lions,
Busy trying to make contact with the three widows?
JWick,
How are you?
"Team returned to base "
heeeeeeeeeehe hi hi hi hi heeeeeeeh
Base in TAMILNADU PETER? if you are aware, ltte cunts have no land to have base now,,,maybe in the sea lol :)
Peter how did you guess, wow, punday, you are soo good at SUCKING lol :)
Indian said...
1>All Tamils were forced to learn Sinhalese and they cant be employed without learning it.(Thats how the Language act of 1956 got here courtesy the propaganda masters)
2>Tamil students need to secure more marks than their Sinhala counterpars to secure admission for higher education(Again thats how the Standardization act got twisted here)
Indian,
This is a lot of nonsense, that the LTTE supporters always claim to justify their separatist claims. But they are pretexts.
1. In any country, small minorities have to learn the majority language to get a govt jobs because you have to serve all people, most of whom are of the majority community. For example, In the US, no person who can speak only Spanish would be hired for a a Govt job serving people if he can't speak English. In Sri Lanka, in Govt jobs you have to learn Sinhala, Tamil and English to get promotions. It is not like in India, where people of different communities speaking major languages live in different regions separated from each other. Most Tamils (>60%) live and work in Sinhala areas. I had to start learning Tamil to get promotional salary increases. I already knew English and Sinhala.
2. The admissions standards in Sri Lanka were changed to allow the influx of disadvantaged students from rural areas all over the country, and was not directed against Tamils. This is a totally manufactured pretextual claim. At that time good schools existed in Colombo and in Jaffna, not elsewhere. We were educating the rich and leaving out the rural poor, who needed immediate help, not slow trickle down help that would take half-a-century.
Today, that has been abandoned, because unlike when it was introduced, now Sri Lankans are 95% literate and there are really good schools all over the country, and at least one university campuses in every province. So, university admissions in not a problem. That increase in literacy did not happen automatically, but from a rate of less that 40% through the plicies enacted by successive Sinhala dominated govts. They helped uplift all people; Sinhala and Tamil alike.
In contrast, the literacy rate in Tamil Nadu is less than 50% today, admission to the universities not open to all communities in Tamil Nadu, and caste warfare is endemic. For example, recently in Chennai, Dalit students were beaten up to prevent them attending the university; this is a very frequent occurrence with caste clashes everywhere. Recently, the Ambedkar's statue was vandalized and as a result, there were big riots between Dalits and non-Dalits. We don't have such things happening in Sri Lanka. Why is it, therefore, that people who can't solve their own social problems in Tamil Nadu, are so critical of Sri Lanka that has solved most of its social equity problems? The only remaing problem is the ugly separatist problem spawned in Sri Lanka by Tamil Nadu and India. But it is not an ethnic problem; it is a terrorism problem. It seems to me as if the blind and deaf are trying to lead the blind. All of this is being said and done to create the impression that there is an ethnic problem in Sri Lanka that needs a "political solution." There is no ethnic problem...most Tamils in Sri Lanka live among the Sinhala people, and that will increase in the future as the Sinhala people return to the lands from which they have been ethnically cleansed.
3. Does not India and Tamil Nadu have affirmative action programs for Scheduled Castes (SC), Other Backward Castes, (OBC) etc. Recently, the Brahmins in Tamil Nadu are demanding a quota also. Is it not true that these quotas being implemented to help disadvantaged people and not to discriminate against castes? If this is OK for India and Tamil Nadu now, why was it so wrong for Sri Lanka then?
I personally think that the proper way to provide affirmative action in India is to totally abandon caste, race or religion as a basis for assistance, and to use POVERTY & NEED as the sole basis, as Kumari Mayawati, CM of Uttar Pradesh, advocates. It was reported that 40% of toilet cleaners in New Delhi are poor Brahmins. If so, it would be wrong to deny them government assistance that is given to poor Dalit toilet cleaners. So, the problem is not caste, but poverty and need. However, coupled to that affirmative action, India needs to dismantle caste based denial of access to public resources such as Hindu temples, water resources, shops, restaurants, transportation and everything else.
You see, we don't have caste based problems in Sri Lanka, at least among the Sinhala people. It exists only among the Tamil people, in thier private institutions, homes and temples, where the government is reluctant to intervene. In government offices, even in Tamil areas, there is no discrimination based on caste. The Indian Tamils in Sri Lanka, in particular, are treated by Sri Lanka Tamils as low caste. But, that does not matter, because they live in a different area of the country, and interact primarily with Sinhala people who don't discriminate against them on that or other basis. As a result, they have made significant progress in improving their position in Sri Lanka; in fact they are so much better off than Tamils in India, they would not dream of returning to Tamil Nadu. They have their own Hindu temples, without Brahmins intervening between them and God. Many other have converted to Buddhism.
Chinthana4Lions,
No bases. No SLA getting killed. No ambush.
Now, do a running round off.
lol three widows, peter know by MAGIC that who is married and who is not...
Peter you cleaning the toilets in Marriage registration office lol :)
Peter dont be kid now....lol:)
of course SLA die in the war too, but so different way than you want some dia ass pora coolies to believe..
Peter, how much ltte pay to be on this blog lol :)
According to Retired Constable Nadesun,
Safe Zone = Tamil EElam
In other words, relocating civilian trapped in LTTP area = Forcibly uprooting people away from their home land.
NOTE: All the civilian camps are located in so called Tamil homeland.
PLEASE ADD YOUR COMMENTS HERE...
Ananda
Your calculations make sense provided we make certain assumptions for inflation etc. When I made that statement, I was not thinking of rupee accounts.
Investing in Sri Lanka is a good thing and I want people do to that with the right advise than the wrong one.
The risk is the political corruption and the war. The risk for doing nothing is even greater.
where is kumanrippu
Please write your comments here about the VIKO joker. This is a good opportunity to expose him to Indian people
Click here to read "Lanka row: MDMK leader Vaiko granted bail" - The Times of India
This is the link about him (Joker) and fatpig together. http://www.defence.lk/new.asp?fname=20090301_02
"A section of the protestors had also burnt a portrait of Mukherjee during his visit to inaugurate a power project on "
not long are the days before they start burning the indian flag too
jack has lost his beanstalk. ha ha ha!
Puran Appu,
If you open an NRFC account with a Sri Lankan bank, you can repatriate (that means send back to any other country in the world) without any Exchange Control (Authority of the Central Bank).
However, the issue is as usual the banks are lazy and try to thrive on Money coming from the workers in the Middle East and offer very low interest rates for NRFC accounts. Unfortunately, the rates are lower than your normal savings account rates in the US, UK, or Ca etc retail banking Savings A/C interest rates. So, there is no motivation to take a lump of money and deposit in an NRFC Account (mind it cost about $45.00 to wire the money to SL too).
There was a good time that SL banks paid very attractive interest rates for NRFC accounts, but they soon realised that nevertheless the people who work in the Middle East (the biggest remitter of foreign exchange to SL) would send money (and sometimes even does not care to open an NRFC or RFC accounts). So, they lowered the interest rates to bolster their profits and cover their inefficiencies. Now, NRFCs are a kind of farce for want to be investors.
The total blame should go to inefficiencies and laziness of the banks who wants to make money by just sitting their and driving a bigger car.
NOLTTE=Peace
Not true. SL NRFC rates are competitive and some times bit higher than USA. In USA, you have to pay tax for your interest gains as well.
[Unfortunately, the rates are lower than your normal savings account rates in the US, UK, or Ca etc retail banking Savings A/C interest rates.]
If you are a shitless patriot, you are motivated. Why wire money to SL? Send a check or take some TCs with you when you visit and deposit them.
[So, there is no motivation to take a lump of money and deposit in an NRFC Account (mind it cost about $45.00 to wire the money to SL too).]
One of the gap of NRFC accounts was that they did not have CDs based on years of deposit like what you find in Sri Lanka. If they can find a way to offer more % based on the length of the deposit, that kind of accounts can be used for scholarships in Sri Lanka.
Like Ananda has shown, if one goes to rupees account, both the investor and the country will benefit. The investor may not get a guaranteed return, but who cares, you are helping out SL.
Nihal said...
When I made that statement, I was not thinking of rupee accounts.
Nihal, Bro, I was not thinking of Rupee accounts either. In Sri Lanka, a Rupee account 5-yr CD can get 24%/year but not a foreign currency account. Foreign currency account can get about 15%.
When you make the CD investment I was talking about, there is no risk (except failure of the CD issuing bank; that must be covered by account insurance; in the US FDIC does that for banks upto $250,000 this year) in any variable, EXCEPT the future foreign exchange rate (i.e., the inflation of the local currency). All others such as the interest rate and the period of investment are fixed for a CD, so there is no uncertainty there.
What is your expectation for the exchange rate 5 years from now, given that the exchange rate now is 115 Rs/USD? For a 15% rate on a 5 year CD,
If:
Exch. Rate = 140, 160, 180 Rs/USD
ROR /year = 10.58, 7.65. 5.18 %
Take a Guess on the inflation/exchange rate.
I am expecting it to be in the range of 135-140 Rs/USD, so I expect to do better that the 10.58% return per year given above.
If I get 10.58%, the total 5-year return is 65.3%, which is GREAT. I expect to do a bit better because I invested at 105 Rs/USD, but would be happy with 35% return over 5 years.
Even in a US CD investment, you are coping with an inflation risk. If you get a money market rate of 0.5%, and inflation is 3%, you lose 2.5% in purchasing power. The current 5-year CD rates in the US are at the level of historical inflation rates. To do better than that, you have to assume more risk...like investing in Sri Lankan CDs when you assume the foreign exchange rate risk, which is really inflation risk for a Sri Lankan investment. But, because Sri Lanka's credit is not as good as stroger countries, Sri Lankan banks have to offer higher returns, which is why the return is better than the expected currency inflation.
Please excuse me if I have unnecessarily beaten this issue to death.
Lol@
Moda Bandas + Wealth Management = No Go Area
If any of you were at all concerned about the moda land, you would put together a VCF and promote LPs.
Peter,
What's your view on Asia during next 10 years?
NOLTTE=Peace / Nihal,
UK / US rates are all most down to 0%. Therefore savers get next to nothing.
However Bank Of Ceylon offer much better NRFC rates compared to US / US banks.
NRFC can be fixed from 1 Month to 12 months.
BOC currently offers between 3.5 - 4.5 ... depending of fixing term.
20% extra paid on earned intrest too.
Might find below is useful.
http://www.boc.lk/bochome/personal/nrfcfd.jsp
perein,
Asia is a very diverse place; the region doesn't share the same fate.
NOLTTE=Peace / Nihal/ Ananda-USA,
Rather than Central bank trying to do a Currency Swap deals with other countries, could be better to create a T-Bill product which can be bought using foreign currency.
That should surly push lot of money by Sri Lankans...
Thoughts?
Peter,
Tell me a region who share a one view mate?
perein,
If it is region you want, W. Europe is in the same boat; as is Oceania.
The continent system is somewhat outdated; especially so for Asia.
live form PTK
http://www.youtube.com/watch?v=fvjk8jFM1mY
..hic..
hello fellas!
Peeter said...
[Chinthana4Lions,
Busy trying to make contact with the three widows? ]
widows of Anton BalaLingam, Barber Shitamil Selvan, and Col. Pooban (suck-kili pi-lat who attained peelam recently along with its tin can)?
Nihal said...
[That was the excuse to maintain over 70% Tamils in universities in the 60s and 70s.]
Yes that is true. That was because suck-kiliyas licked British asses and got more educational opportunities than sinhalese. Most of the english medium schools were established in suck-kili populated areas, so that suck-kiliyas could study in them and enter universities with no competition from sinhalese. Those days universities were full of suck-kili morons. But the smelly stateless stone dick suck-kiliyas think they entered universities because they are so fucking intelligent. The truth is that suck-kiliyas are the most retarded pigs on earth who still don't have a country to live, and are slaves even in their homeland shitamilnadu.
www.thaindian.com/newsportal/south-asia/tamils-are-slaves-in-india-ltte-leader_10028673.html
I see our Diaspora reps. Hon. PeterPan and Jay the Gayboy is upto their usual,mischievious tricks!
My thoughts
In this situation people who live in abroad must help to SL to develop the country …there are thousands of Sri Lankans (non Eelamists) are working abroad in professional jobs they all must help to develop the country now.
Our Forces did their part now your country needs you!
jack1234,
How are you?
very good mate, thanks .and your self?
keeping busy I see!
It seems you've got lot of time in your hands?
shit, why did I not think of investment banking as a career choice?
Is Sam and Nihal around?
Patriots,
Please sign this petition electronically as one of the acions we sri lankans need to protect the future of Sri Lanka.
http://www.lankapet itions.com/ form.php
and Kasthuri?
you around bro?
and Kasthuri?
you around bro?
Patriots,
Please sign this petition electronically as one of the acions we sri lankans need to protect the future of Sri Lanka.
http://www.lankapet itions.com/form.php
lankaputhra..Can i donate some of my used Dildos?
jack1234,
US crowd will take a bit of time to get here.
saxon!!!
you mean as in Anglo-saxon!
you guys crack me up sometimes!
Retard!
If you've got a cool head, steady BP and no sweating you should give this a try.
මචන්ල, මෙ විඩ්යො එක කවද එකක්ද? අම්මප මෙ පහර සක්කිලියන්ව ඉනිතියන්න ඔනෙ.
http://www.youtube.com/watch?v=b8n-TOF1S3M
I was interested in reading the various comments on investing in SL.
Permit me to share with you what i did approx 10 years when i invested in 2 properties in colombo.
Essentially, what i took out was a "back to back" loan to effectively take out the wild currency fluactuations.
I deposit X with a bank in London
and SL branch of the bank lent me X minus 10% in SL Rupees. I acquired the properties and leased them out on 12 months terms to expats/foreign nationals.
The rent was suffiecent to pay the interest on the Rupee loan whilst i received the interest on the £ deposit.
The Rupee loan was secured on the £ deposit plus a PG capped at one years interest.
4 years ago i mortgage the properties at higher value and paid off the back to back loan thus releasing my deposit in the UK.
I have effectively taken out currency exposure whilst enjoying a capital appreciation on my investment.
HSBC and Standard Bank were the main bankers to this transaction.
Not sure if banks still carrying out these 'back to back' loans in SL
You reckon peter?
Good. so what's the news coming from good old blighty?
Pro ltte lobby having any luck getting the Labour government to be more hands on with sri lanka, and get a cesefire going?
your guys are fast running out of time and places to operate from!!
Bygone era.
Jack
Howdy?
Civilian please shut up!!!
you're begining to sound like my mother-in-law!!!!
I mean talk about waste of web space!!
jack1234,
So you think.
Labour government? You mean the UK one? I am poles apart from politics. Anyway, no plans to return to the UK any time soon.
Interesting article below in the London Telegraph written by "tiger bank rolled" Peter Foster.
http://blogs.telegraph.co.uk/peter_foster/blog/2009/03/02/sri_lankas_war_zone__an_insiders_testimony_
Saxon aka one ball shyam said...
[lankaputhra..Can i donate some of my used Dildos? ]
used dildos? suck-kiliyas use stone dicks as dildos. look at my profile picture.
Go find ur lost ball, which has testically withdrawn from ur body.
Interesting article in the London Telegraph by the 'tiger bank rolled' Peter Foster
http://blogs.telegraph.co.uk/peter_foster/blog/2009/03/02/sri_lankas_war_zone__an_insiders_testimony_
I am more concerned about possible IMF bail out of GOSL unless we get this job done soon(Military offensive).
I mean really soon.
It's draining the currency
reserves according to bloomberg.com.
We got debt of about 900 million USD maturing within few months I heard!!
Not good.
I am more concerned about possible IMF bail out of GOSL unless we get this job done soon(Military offensive).
I mean really soon.
It's draining the currency
reserves according to bloomberg.com.
We got debt of about 900 million USD maturing within few months I heard!!
Not good.
Time to sell the family silver?
Jay said...
Time to sell the family silver?"
I'd put my family's lot in if the end result is the end of the LTTE!!
it's worth melting the family heirlooms I'd say!!!
jack1234,
Why don't you want an IMF bailout?
Colombo killed 700 children in 2 months - LTTE Radio-Tamilnet;
Beware: those missing childs would emerge as 'LTTE Baby brigage'
Peter,
You mean why GOSL doesn't want a bail out?
I'd say too many strings attached?
not necessarily a good thing!
their methods /advice or ill advice can further worsen the economic situation, as it's proven in the past.
I remember Mahathir Mohommed of Malaysia was advised to not peg the Ringgit to the Dollar by the worldbank/IMF economists!
He did,and turned out one of the smartests things he'd done!!
amal samantha had an interesting report.. LOL
Perein, Nihala and Ananda-USA,
My CDs earn in between 4.5 -6.50% which have been initiated when the times were good. If BOC offers 4.5% now, it is indeed a good rate.
I found my NRFC useful when I built my house. I sent money to my NRFC account in SL and asked my brother to open an RFC account too. I transferred the appropriate amounts of funds from NRFC to my brother's RFC and he withdrew the money from his RFC when needed basis. So, it was protected from Rupee devaluation.
If you send considerable sums of monies to SL for your families, my advice is to ask your recipient to open a RFC account and send to the RFC account. When they want to withdraw funds, they can withdraw as needed basis.
I do not want to prevent anyone investing in NRFCs, RFCs or Rs as to help Sri Lanka if it is the objective. But if you make investment decisions, you have to evaluate the best options.
Nihal, if you are in the West, you are paying taxes for your "world-wide income" and even if you do not pay taxes for interests earned in SL for NRFC accounts in SL, depending on your country legislations you have to declare that income and pay taxes.
Anyway, I believe that SL Central Bank and Banks need to mature in many aspects to attract laymen investors.
Central Banks issuing FC government bonds is an attractive way of inviting expats to invest. It is better to give that opportunity to the expats than giving to large banking conglomerates in the West. IT can help easily manage such scheme and would not require an army of people.
Anyways, I have a series of bad experience to share :-( unfortunately. This is about Exchange Loss I had to incurr on many occasions when invested on local ventures through SIERA (Share Investment External Rupee Account). If you are a foreign resident and wants to invest in local ventures or CSE, you have to open a SIERA account with a local bank and remit funds directly to the account. As soon as the money comes to the account, it converts into Rupees, and is subject to depreciation and rupee fluctuations.
If you have invested in your own venture, you know that you would not need to consume all the monies invested right away. If there was a Share Investment External Dollar Account (SIEDA), I could have left the funds there and invest gradually (or transfer to the SIERA account) depending on the investment requirement. I made banks rich a lot by transferring to SIERA accounts. I wish there was a 'pair' account concept so that I can worry about the investments I make and not about mitigating the FC losses.
Peter claims to be an Investment Banker.. Your idea is good about VCF. But why LP only?
Colombo killed 700 children in 2 months - LTTE Radio-Tamilnet;
700 Killed Children = Forcibly conscripted children by LTTE in the past 2 months (perhaps yet to get killed)
gotta go!!
will be back in 2-3 hours.
keep it interesting and keep the conversation polite!
see you fellas1
Chinthana4Lions,
What was that Video? Have you got a copy?
http://www.youtube.com/watch?v=b8n-TOF1S3M
It has been removed from YouTube.
මොකද හැමෝම යුධපුවත් නැතුව ආර්ථිකේ ගැනම කතාවෙන්නේ? යුද්ධෙට කලින් ආර්ථිකේ ඉවරවෙන සයිස්ද?
මගේ තර්කේ නම් ලංකාව චන්ද්රිකාගේ පාලනකාලයේ ෂේප් වුනානම් වෙන ඕනෙම කාලයක සර්වයිව් වෙයි කියලා...
jack1234,
If you don't want to end up like Pakistan, you need to initiate structural reforms.
More treasury bonds are not the way forward; it will create an overhang in the long-term.
What most of you here propose are short-term fixes that won't be effective for more than a year or two. Even if they work, they are for maintaining the status-quo, which is a good idea for a developed country; not moda Lanka.
The US based Human Rights Watch, in its report issued on 20 February, have also put the civilian casualty figures at 2,000.
Tamilnet
most of those casualties are LTTE combatants that got wounded during the operation..... now they claim they are civilians.... what a funny story....
Perein, Nihala and Ananda-USA,NOLTTE=Peace,
Can we have an orgy tonight..I will bring Viagra for old Ananda :)
Dai Peter pundai..Ollondu poduvama?
Dear ALl,
I have received information that Mrs. P. Charles, Government Agent in Vavuniya is a pro-LTTE person. One of my friends told me that she had being actively talking to Italians against SL during one of her visits to ITALY and she had been quite vociferous in her criticisms of Sinahalayas and SL GOV.
In fact due to these criticism Italians have given a special memento to her too...according to my friend..
If these are true we need to be very very careful...as she could be a saboteur from within the system and she could be a source which could be providing information to all the NGOs & INGOs.
She could be person who could destroy our good work.
So...this is just a note of caution to whoever who can do a back-ground check on her and ensure to make sure that she is one our side.
Cheers.
{NOLTTE=Peace / Nihal/ Ananda-USA,
Rather than Central bank trying to do a Currency Swap deals with other countries, could be better to create a T-Bill product which can be bought using foreign currency.
That should surly push lot of money by Sri Lankans...
Thoughts?}
My guess is the liquidity among people around the world including Sri Lankans are low at the moment.
The answer to this question has to come from someone with banking insight and I don't have that.
[**duzz**ඩස්ස් ඩූස්ස් **டச் டூச்** said...
amal samantha had an interesting report.. LOL]
මචංලා, පිටරට ඉන්න අපිට යූ ටියුබ් හරහා වීඩියෝ එක එන්න පැයගානක් යනව, එතකන් කියන්නකෝ summary එක කෙටියෙන්.
Even the terrorists can speak sense!
I agree with Peter about his comments "you need to initiate structural reforms."...!
Certainly, we are asking it all the time...and the structural reforms also can not come overnight and we know about it. I am happy about certain structural reforms that MR has initiated (but not enough).
Elimination of corruption and waste in both the private and public sectors, and increased transparency are much more important for a solid economy.
While long-term measures are on its way, short-term actions need to be taken to bridge the gaps. What I am simply asking is for the GOSL to borrow from expats instead of borrowing from large international banks.
.. and people who live overseas have not gone bankrupt over night..There are many expats whose income does not relatively get affected by the recession. Doctors are an example.
Is Saxon a woman (is she a wh&re b&tch in Asithri's terms)?
:-))
Thank you Tamil diaspora for your magnificent contribution for peaceful and more SECURE Sri Lanka.
Four arties found. 130 x 2 & 122 x 2
More than 200 million Rupees!!!
http://www.lankadeepa.lk/2009/03/02/front_news/11.htm
NOLTTE=Peace
That was good info. I have done NRFC/RFC combination you are talking about. I have stayed away from true local banks like NSF/BOC/PB and moved into HNB. I am thinking of moving on to CB next time just because of customer service.
One of the problem of SL banks are that lack of automation. Perhaps they understand the true customer base is local than expats. Sometimes it is frustrating to find right info from their web pages. Whenever I deal with HNB, it takes about an hour to get my money out. However over the years, I have sent considerable amount of money to families and friends.
Balapalla me mune hati - Udenma deka ganna keeyak wati?
http://www.lankadeepa.lk/2009/03/02/images/unp-sirikotha.jpg
lol
Perhaps a first in history where a true patriot agrees with me.
The trouble with individual investors, who lack long-term wealth management exposure, is that they can get panicky and make a bad situation worse. For example, when there is an overhang is t-bonds, institutions would take a more measured approach to reduce their exposure without collapsing prices.
Structural reforms need to start with legal changes; can you think of one contribution by MR?
First, how about true independence to Central Bank?
nisal,
They had videotaped the LTTE boats being attacked by our armor.. and them retreating!!.. nice video..
dont wait for utube.. just streme it from rupavahini tomorrow
[Colombo killed 700 children in 2 months - LTTE Radio-Tamilnet;]
Asking mothers to go outside and be prostitutes and then calling the police saying there are hookers in the house.
We need to wipe this kind of immature population out.
Peter,
Can you name a country that has given "true independence to Central Bank"?
Are you asking an Elam for Central Bank too?
Ananda
You are a money master, are you a financial adviser in life by any chance?
What bank offers 15% for foreign currency in SL?
What bank offers 24%?
Do you have any links?
Thanks
There is an optimal level to steer towards; either you get moda Lanka to head in the correct direction or find excuses. Often, moda Lankans find plenty of comfort in engaging the latter.
Peter,
You said, "There is an optimal level to steer towards; either you get moda Lanka to head in the correct direction or find excuses".
In my opinion there are NO "correct direction"! Period!
You have to evaluate options and select the best option based on all the available information. You have to constantly make adjustments through the journey while pursuing the best possible option. In a way, you have to keep optimizing. If you meant by "optimal level to steer towards" as to CI (constant improvement), then I agree with you again.
I am puzzled, how can you be blind about Elam?
Nihal,
Ananda mentioned about 5 year Compound Interest Rate.
Again, compare it with other investment opportunities and risks before thinking them as highly attractive.
In real-terms, as Ananda mentioned, the "real" rate of return is different (when you factor into inflation, exchange loss etc). You can only compare thinking the rest is constant (non-dynamic).
NOLTTE=Peace,
Does the Central Bank enjoy optimal independence? If not, is it moving towards that point?
Both answers in the negative point to the first, and in my opinion the most fundamental, structural issue facing the economy of any country.
Gringo,
Thanks for reminding me to check the journal of truth.
:( No mention of it on journal of truth.
Is there another equally patriotic website?
NOLTTE=Peace
මචන්, විඩියො එකෙ කොපියක් නෑ මගෙ ලග. එකෙ පෙන්නන්නෙ අරුන් අපෙ කොල්ලන්ට වෙඩි තියනවා පනපිටින්, ගොඩක් පරන එකක්, මට දෑනගන්න ඔන උනෙ කවඩ, කොහෙ වෙච්ච සිඩ්දියක්ද කියල
Chinthana4Lions,
If you see such stuff, download and keep them for future reference.
You can use the following site to download YouTube videos to your machine.
Download YouTube Videos
Greetings Nihal,
see you are alive and kicking!
made it through .
good good.
are you a SF or ex SF fella!
that much I surmised from yesterdays conversation.
The first thing Sri lanka needs to do is grant true autonomy to the central Bank.
No more political appointees.
you know the type....
then need issue some war bond type instrument to attract hard currency from the oversees workforce.
Cutting down the ministerial perks( you know every politico is a minister of some sort type situatiion needs to end).
maybe If MR gets a clear majority on the back of popular support for the War effort,he'll not need to entice opposition MPs with above sweetners!!!!
The Indian Election Commission announced today the poll dates for the Lok Sabha election. Under India's system of staggered voting, the election will commence on April 16 and end on May 13. Votes to be counted on May 16.
Even before the announcement by the Election Commission, campaigning had started in full swing. Statements from Indian politicians regarding Sri Lanka are going to be more hysterical in days to come (not that the tone is not hysterical now).
Pranab Mukerjee is basically the Acting PM now. In the hope of wooing TN voters, his statements on Sri Lanka are getting more irrational by the day.
Manamohan Singh is nowhere to be seen in public. He appears to be severely incapacitated after his second major heart by-pass operation. I think the old men of Hindoostan will fade away after the election. Rahul Gandhi, who looks like a Bollywood star, is the real claimant to the throne. In a country where the majority of the electorate are young, he has urban youth appeal. Two days ago, the old man who leads the opposition, Advani, publicly chided one his constituent elements, the fundamentalist Bajrang Dal, for going on rampage on Valentine's day in the southern city of Managalore (they invaded some pubs and parties and physically assaulted "decadent" women and men who were celebrating valentine's day). After enjoying western style freedoms and lifestyles for the past decade, it is difficult to imagine the hip urban young voting for the "Hindu Taliban."
Congress believes that they will win handsomely in the polls. Therefore, it looks like they will go it alone in the polls, and form the coalitions after the outcome is known.
As an outside observer, I think there is some possibility that some of the regional Southern parties that were previously with the BJP-lead UDA coalition joining hands with Congress in a coalition government. The southern regional parties are not Taliban-like in their outlook as the southern Indian states have a reputation for religious and ethnic tolerance. Therefore, it is inconceivable for them to be allied with a fanatical religious party like the BJP except for political expedience.
There has been some speculation that the AIDMK and the Telegu Desam Party of Andra Pradesh (several months back Milinda Moragoda while on a tour of India met with the TGP Chief Chandra Bandu Naidu)joining Congress if Congress returns to power. If such a coalition comes about, the Indian political establishment will be less intrusive and tolerable for Sri Lanka.
In any event, with the clock now ticking in India towards elections, the war in Sri Lanka hopefully will be concluded soon before it becomes a major electoral issue.
There was a news report on "Times Now TV" where the Nationalist Congress
No-Ltte
here is that new link again
http://www.youtube.com/watch?v=zw9y2MashmU
does anybody know how to download youtube videos.. im not that tech savvy.. i dont see any download link..
Duzz
use this web site
http://keepvid.com/?url=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dzw9y2MashmU
Copy and paste the youtube link and click on download, thenon bottom you will see "Download low qaulity, and high quality, click on either.
Dear ALl,
I have received information that Mrs. P. Charles, Government Agent in Vavuniya is a pro-LTTE person. One of my friends told me that she had being actively talking to Italians against SL during one of her visits to ITALY and she had been quite vociferous in her criticisms of Sinahalayas and SL GOV.
In fact due to these criticism Italians have given a special memento to her too...according to my friend..
If these are true we need to be very very careful...as she could be a saboteur from within the system and she could be a source which could be providing information to all the NGOs & INGOs.
She could be person who could destroy our good work.
So...this is just a note of caution to whoever who can do a back-ground check on her and ensure to make sure that she is one our side.
Cheers.
jack1234 said...
[ Greetings Nihal,
see you are alive and kicking!
made it through .
good good.
are you a SF or ex SF fella!
that much I surmised from yesterdays conversation.]
What is SF?
Special Forces?
San Fransisco?
I can be from San Fransisco if you look cute :)
Doean anyone know when was this happnend? maybe during jayasickuru time?
http://www.youtube.com/watch?v=zw9y2MashmU
check 2.16min you can see our brave lion was stil alive.
To survive the economic crisis, the government needs to invest in long term far sighted investments.
IFor example, if we invest in sugar cane for ethanol, we will be able to produce ethanol to replace all imported petrol. No more shelling out money every year to import expensive petrol from the Middle east. Only 134,000 hectares of sugar cane will provide about 800 million liters of ethanol per year.
To do this we need the Brazilians, they can help us build the ethanol mills and plant the right high yielding sugar cane stalks based on our soil.
Another long term investment would be to speed up the building of expressways and railroads. Expressways will help truly connect the provinces and as a result economic growth in the provinces shoot up.
If Lanka's important provinces were connected to each other through paved expressways like a spider web, then economic growth will be unbelievable.
Our railway network is LONG overdue an upgrade. We have one of the worst if not the worst railway system in South Asia. Its pretty sad if you come in last in a place like South Asia.
We need to extend our railway networks to ALL PROVINCES. Plus a metro system for Colombo is a must to unclog the streets of traffic.
Thanks Chinthan4Lions!
It is unfortunate that our boys have to travel in combat zones on canvas covered trucks, when it should be an APC with an escort.
These type of transport does not suit combat zones. These boys are a clear victim of lack of adequate resources.
I see now the A-9 has been opened. They buses that has been used to transport troops do not seem to have reinforced sides- and are vulnerable to roadside attacks.
We can not rule out that there are no LTTE infiltrators in the jungles surrounding. They can be farmers or traders in Vavunia during day time and gun carrying terrorists in night time. So, we have to take our precautions.
NOLTTE=Peace
I think that video was an old one, I dont think our troops goes by this kind of truck anymore in battle fields..for sure now days...
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