The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Chinese multinational denies environmental issues in $ 1.4 b port city project EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker


4 posters

    Chinese multinational denies environmental issues in $ 1.4 b port city project

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Chinese multinational denies environmental issues in $ 1.4 b port city project Empty Chinese multinational denies environmental issues in $ 1.4 b port city project

    Post by First Guy Mon Dec 22, 2014 7:06 am

    Xinhua: The Chinese multinational spearheading Sri Lanka’s largest investment of a $ 1.4 billion port city insisted all environmental protections are in place, an official said on Saturday, after the Opposition threatened to scrap it.

    Sri Lanka’s main Opposition United National Party (UNP) Leader Ranil Wickremesinghe told a gathering of tourist industry professionals this week that if his side carries the day at the presidential elections on 8 January the port city project would be cancelled.
    He claimed it threatens the environmentally sensitive western coastline of the island.

    Wickremesinghe is backing common candidate Maithripala Sirisena, who was incumbent President Mahinda Rajapaksa’s health minister before he crossed over.
    If Sirisena wins, a new coalition government would be formed with Wickremesinghe as the prime minister.

    In response the China Harbor Engineering Group, which is carrying out the construction of the port city, has insisted all environmental standards will be upheld.
    Chinese companies in Sri Lanka pay great importance to the Environmental Impact Assessment and Environmental Protection under the instruction of Chinese Government, it stressed.

    As early as in 2010, Sri Lanka Ports Authority authorised local Moratuwa University to conduct an Environmental Impact Assessment for Port City project and a report was submitted to the Sri Lanka Government in April 2011, a top official added.

    Thereafter, the project was generally approved in November 2013, and finally ratified in October 2014 by the Sri Lankan Government.
    “Environment protection ran through every step and whole process of the implementation of Port City project,” Zhang Xiaoqiang, General Manager of China Harbor Engineering Group Ltd. told Xinhua.

    All the investment for the project comes from the China Communication Construction Company Ltd., which is the parent company of the China Harbor Engineering Company Ltd.

    “The project is expected to be completed in eight years and will enrich the municipal function of Colombo, promote employment, push forward the development of related industries and improve the competitiveness of the Sri Lanka economy,” he said.
    Under the agreement the company will own 170 hectares from the total 233 hectare land area.
    According to the Cabinet paper approved in November 2013, the Sri Lankan Government will receive the remaining acres, which will be used to attract investors.

    Known to be the single largest investment project in Sri Lanka, the port city will also have Sri Lanka’s first 100-story skyscraper under Phase II of its work. This phase would include the construction of hotels, shopping malls, a golf course as well as a F1 track.
    The Sri Lankan Government expects to attract investment exceeding $ 5 billion once the port city is completed.

    http://www.ft.lk/2014/12/22/chinese-multinational-denies-environmental-issues-in-1-4-b-port-city-project/
    avatar
    RPPA
    Top contributor
    Top contributor


    Posts : 605
    Join date : 2014-11-28

    Chinese multinational denies environmental issues in $ 1.4 b port city project Empty Re: Chinese multinational denies environmental issues in $ 1.4 b port city project

    Post by RPPA Mon Dec 22, 2014 7:47 am

    Personally i don't like to see the above project to be scrapped on the basis of political gains without doing an independent feasibility study if maithree comes in to power.

    Country can't be developed if politicians try to change policies as an when governments are changing.

    Therefore opposition has to do an in depth analysis on this project before taking a stern decision.
    The relationship with the Chinese government is also very vital. Whatever said & done.
    kass
    kass
    Top contributor
    Top contributor


    Posts : 470
    Join date : 2014-02-27

    Chinese multinational denies environmental issues in $ 1.4 b port city project Empty Re: Chinese multinational denies environmental issues in $ 1.4 b port city project

    Post by kass Mon Dec 22, 2014 9:15 pm

    NWA wrote:Personally i don't like to see the above project to be scrapped on the basis of political gains without doing an independent feasibility study if maithree comes in to power.

    Country can't be developed if politicians try to change policies as an when governments are changing.

    Therefore opposition has to do an in depth analysis on this project before taking a stern decision.
    The relationship with the Chinese government is also very vital. Whatever said & done.

    Each and every government came to power in the recent past has tried to implement their own development pan from scratch and as a result the county was going no where. That's whey we need to have a strong government at least for 10 years. This new parliamentary model MR3 people saying will not support to have a stable government.
    nihal123
    nihal123
    Top contributor
    Top contributor


    Posts : 6327
    Join date : 2014-02-24
    Age : 58
    Location : Waga

    Chinese multinational denies environmental issues in $ 1.4 b port city project Empty Re: Chinese multinational denies environmental issues in $ 1.4 b port city project

    Post by nihal123 Mon Dec 22, 2014 9:34 pm

    I can remember about Kandalama hotel opposition said when they came to power they will remove it one by one brick.(At that time UNP government)

    I thing same as on this port city project

    Sponsored content


    Chinese multinational denies environmental issues in $ 1.4 b port city project Empty Re: Chinese multinational denies environmental issues in $ 1.4 b port city project

    Post by Sponsored content


      Current date/time is Fri Nov 15, 2024 9:18 pm