Chattogram Port 64th among world’s top 100 busiest container ports

[mmr]

What Chicken Vindaloo boy does'nt realize is google does have it's limitations when it comes to valid info.. The port that was leased out to China is not Colombo but Hambantota.. Thats primarily a bunkering and a transhipment port

Colombo port is fully owned by the GOSL and it's terminals are managed by private public partnership companies..
so i was essentially discussing about that

On a side note Sri Lanka just graduated to a upper middle income nation with a GDP per Capita of over $4000.. So despite the recent political upheavals and instability it's still moving forward, ofcause the country can do much better, But you and i know political changes can happen over night

http://www.xinhuanet.com/english/2019-07/04/c_138198880.htm

I think lot of bd business use Colombo port as well because we dont have deep sea port. I will suggest our port authorities learn from Lankan expertise how to make chittagong port more efficient.

 

[TopCat]

China Indonesia Vietnam Malaysia very impressive. They are the future.

Yes they have huge external trade contrary to ours.

I think lot of bd business use Colombo port as well because we dont have deep sea port. I will suggest our port authorities learn from Lankan expertise how to make chittagong port more efficient.

BD hardly use colombo. we use singapore transhipment.

 

[mmr]

Yes they have huge external trade contrary to ours.


BD hardly use colombo. we use singapore transhipment.

I didn't know that I thought it was Colombo.

 

[UKBengali]

Debt is never a problem as long as you manage and can repay. What is more important is human capital and skill work force which they got we dont. Our quality of growth is not sustainable yet and education quality not up to standards. Iceland was almost broke in 2008 but they get back on track because they have skill work force. Dont get too excited just because bd has 8 percent growth only one year after almost 50 years of independent.

Here is a simple lesson in economics for you kid:

https://asia.nikkei.com/Editor-s-Pi...vert-debt-crisis-this-year-central-bank-chief


"South Asian island plays balancing act to secure bailouts from China and India"

"Sri Lanka began the year facing a record $5.9 billion in debt that must be repaid by the end of 2019. After attempts to raise funds from international bond market failed, the central bank repaid $1 billion in debt on Jan. 14 by dipping into foreign exchange reserves. But this payment reduced reserves to just $5.9 billion -- barely enough to cover about three months of imports"

Do you know that the TOTAL budget of Sri Lanka is only 20 billion US dollars and it needs to spend a 1/3rd of this just to service it's debts. BD repayments are less than 10% of it's budget in contrast.

Sri Lanka is so leveraged in debt that it cannot pay out of it's own financial resources that it is begging India and China to help it out. They will extract their own price for this.

The country has just risen to middle-income status and the debt has crushed it's GDP growth to 3-4% a year - this means it cannot become an advanced economy and will remain trapped in middle-income forever. Singapore? Even Malaysia is not a realistic target!


PS - lol @ comparing with Iceland that sits in Northern Europe and has population of 300,000 people and is a key Nato base. Are you trolling for fun here?

 

[Arthur]

Here is a simple lesson in economics for you kid:

https://asia.nikkei.com/Editor-s-Pi...vert-debt-crisis-this-year-central-bank-chief


"South Asian island plays balancing act to secure bailouts from China and India"

"Sri Lanka began the year facing a record $5.9 billion in debt that must be repaid by the end of 2019. After attempts to raise funds from international bond market failed, the central bank repaid $1 billion in debt on Jan. 14 by dipping into foreign exchange reserves. But this payment reduced reserves to just $5.9 billion -- barely enough to cover about three months of imports"

Do you know that the TOTAL budget of Sri Lanka is only 20 billion US dollars and it needs to spend a 1/3rd of this just to service it's debts. BD repayments are less than 10% of it's budget in contrast.

Sri Lanka is so leveraged in debt that it cannot pay out of it's own financial resources that it is begging India and China to help it out. They will extract their own price for this.

The country has just risen to middle-income status and the debt has crushed it's GDP growth to 3-4% a year - this means it cannot become an advanced economy and will remain trapped in middle-income forever. Singapore? Even Malaysia is not a realistic target!


PS - lol @ comparing with Iceland that sits in Northern Europe and has population of 300,000 people and is a key Nato base. Are you trolling for fun here?

Bro, you have valid point. But I don't think it's necessary to compare other countries with BD in every thread. Most Indian & SL members here are sanghi types, who takes these posts to create chaos in this sub forum. Please do not compare with others.

BD is doing well economically & in time it will be inevitable fact for everyone. We don't need to beat our own drums for that to happen.

Peace & Cheers.

 

[Godman]

Here is a simple lesson in economics for you kid:

https://asia.nikkei.com/Editor-s-Pi...vert-debt-crisis-this-year-central-bank-chief


"South Asian island plays balancing act to secure bailouts from China and India"

"Sri Lanka began the year facing a record $5.9 billion in debt that must be repaid by the end of 2019. After attempts to raise funds from international bond market failed, the central bank repaid $1 billion in debt on Jan. 14 by dipping into foreign exchange reserves. But this payment reduced reserves to just $5.9 billion -- barely enough to cover about three months of imports"

Do you know that the TOTAL budget of Sri Lanka is only 20 billion US dollars and it needs to spend a 1/3rd of this just to service it's debts. BD repayments are less than 10% of it's budget in contrast.

Sri Lanka is so leveraged in debt that it cannot pay out of it's own financial resources that it is begging India and China to help it out. They will extract their own price for this.

The country has just risen to middle-income status and the debt has crushed it's GDP growth to 3-4% a year - this means it cannot become an advanced economy and will remain trapped in middle-income forever. Singapore? Even Malaysia is not a realistic target!


PS - lol @ comparing with Iceland that sits in Northern Europe and has population of 300,000 people and is a key Nato base. Are you trolling for fun here?

WTF That's totally meaningless. Our GDP growth fell because of the political crisis+series of natural disasters+terror attacks and also we are transitioning away from being reliant on infra development for GDP growth.
Sri Lanka has no issue in handling the debt this year and most of it has already been repaid
https://economynext.com/Sri_Lanka_h...ign_debt_for_2019__CB_Governor-3-15196-1.html

The Political situation will be over when the elections are held in the next months.
Sri Lanka has higher Tax Revenue per GDP than Bangladesh and the the projects the loans were used are providing returns.
Hambantota Port was problematic because it was built before the region had proper connectivity and that is not longer a issue.
The Southern Expressway will soon connect to the H'tota District

The Rail Connection to H'tota District is complete and the next phase will build it through H'tota Town.

Hambantota has started work on LPG transshipment
http://bizenglish.adaderana.lk/sout...-by-laugfs-officially-inaugurates-operations/
http://www.ft.lk/front-page/South-A...sshipment-terminal-by-LAUGFS-starts/44-677447
https://www.litrogas.com/news-event...sive-growth-completes-terminal-at-hambantota/

With the connectivity issues sorted the Government has started preparing for future investments
http://www.adaderana.lk/news/53981/...er-opened-in-hambantota-port-to-woo-investors
http://www.dailynews.lk/2019/08/02/...e-led-mobile-manufacturers-eye-hambantota-ftz

 

[UKBengali]

WTF That's totally meaningless. Our GDP growth fell because of the political crisis+series of natural disasters+terror attacks and also we are transitioning away from being reliant on infra development for GDP growth.
Sri Lanka has no issue in handling the debt this year and most of it has already been repaid
https://economynext.com/Sri_Lanka_h...ign_debt_for_2019__CB_Governor-3-15196-1.html

The Political situation will be over when the elections are held in the next months.
Sri Lanka has higher Tax Revenue per GDP than Bangladesh and the the projects the loans were used are providing returns.
Hambantota Port was problematic because it was built before the region had proper connectivity and that is not longer a issue.
The Southern Expressway will soon connect to the H'tota District

The Rail Connection to H'tota District is complete and the next phase will build it through H'tota Town.

Hambantota has started work on LPG transshipment
http://bizenglish.adaderana.lk/sout...-by-laugfs-officially-inaugurates-operations/
http://www.ft.lk/front-page/South-A...sshipment-terminal-by-LAUGFS-starts/44-677447
https://www.litrogas.com/news-event...sive-growth-completes-terminal-at-hambantota/

With the connectivity issues sorted the Government has started preparing for future investments
http://www.adaderana.lk/news/53981/...er-opened-in-hambantota-port-to-woo-investors
http://www.dailynews.lk/2019/08/02/...e-led-mobile-manufacturers-eye-hambantota-ftz

Dude, IMF predicts 4% growth for next 5 years.

 

[Godman]

Dude, IMF predicts 4% growth for next 5 years.

IMF cannot predict the future and the predictions change. The current political situation will end with the elections and that will cause business confidence to increase also increasing FDI inflow

 

[UKBengali]

IMF cannot predict the future and the predictions change. The current political situation will end with the elections and that will cause business confidence to increase also increasing FDI inflow

Much rather believe IMF than some random pdf Sri Lankan dude.

 

[Godman]

Much rather believe IMF than some random pdf Sri Lankan dude.

Yeah good luck when IMF prediction gets revised. Also IMF predicts higher that 4% anyway. Also no one actually looks at those, GDP growth predictions aren't even worth looking at if it goes beyond a year or two max. Too many factors that can't be calculated.
Sri Lanka's Businesses Confidence is currently at an all time low.
https://www.cbsl.gov.lk/en/statistics/business-surveys/business-outlook-survey

This will come to end when the Political Crisis ends with the Elections. IMF simply cannot factor this in so the so-called prediction is pointless as its based on the current state which is a country in political crisis.

We are opening three Expressways this year alone and that is going to boost development.
https://srilankamirror.com/news/new...ess-ways-to-be-vested-with-the-public-shortly

The Southern Expressway boosted the development of Galle and now we are seeing high rises coming up in what was a small town a few decades ago.

Land reclamation of the Port City is over and Construction work is about to begin

Combine all of that with the end of the political crisis Sri Lanka can easily go past 5% growth

 

[Nilgiri]

Yeah good luck when IMF prediction gets revised. Also IMF predicts higher that 4% anyway. Also no one actually looks at those, GDP growth predictions aren't even worth looking at if it goes beyond a year or two max. Too many factors that can't be calculated.
Sri Lanka's Businesses Confidence is currently at an all time low.
https://www.cbsl.gov.lk/en/statistics/business-surveys/business-outlook-survey

This will come to end when the Political Crisis ends with the Elections. IMF simply cannot factor this in so the so-called prediction is pointless as its based on the current state which is a country in political crisis.

We are opening three Expressways this year alone and that is going to boost development.
https://srilankamirror.com/news/new...ess-ways-to-be-vested-with-the-public-shortly

The Southern Expressway boosted the development of Galle and now we are seeing high rises coming up in what was a small town a few decades ago.

Land reclamation of the Port City is over and Construction work is about to begin

Combine all of that with the end of the political crisis Sri Lanka can easily go past 5% growth

From UNCTAD:

Ignoring the complete different per capita levels to begin with (given bangladesh is like 8+ times the population of SL).......fact is they can reverse flow less than 2% of their inward stock for outward stock (and that stock is now decreasing through depreciation even). Sri Lanka does something like 6 times better on that ratio (close to 12% reverse operational...and not shrinking), it thus shows much greater inherent financial robustness of SL in its apex economic frontier (given today's need to invest outside to get any sustained economic valuation up the chain and the needed economic diversity long term)

Sri Lanka is also SDDS country (like India) in the region.....its apples and oranges comparing the economic data robustness application with GDDS countries who simply dont subscribe to same liquidity monitoring frequency....and thus susceptible to all kinds of inflationary drift and dissonance with actual consumption/production (to the tune that apparently BD can get 7% growth but have real household income decline even according to their own survey data).

 

[Gibbs]

Yeah good luck when IMF prediction gets revised. Also IMF predicts higher that 4% anyway. Also no one actually looks at those, GDP growth predictions aren't even worth looking at if it goes beyond a year or two max. Too many factors that can't be calculated.
Sri Lanka's Businesses Confidence is currently at an all time low.
https://www.cbsl.gov.lk/en/statistics/business-surveys/business-outlook-survey

This will come to end when the Political Crisis ends with the Elections. IMF simply cannot factor this in so the so-called prediction is pointless as its based on the current state which is a country in political crisis.

We are opening three Expressways this year alone and that is going to boost development.
https://srilankamirror.com/news/new...ess-ways-to-be-vested-with-the-public-shortly

The Southern Expressway boosted the development of Galle and now we are seeing high rises coming up in what was a small town a few decades ago.

Land reclamation of the Port City is over and Construction work is about to begin

Combine all of that with the end of the political crisis Sri Lanka can easily go past 5% growth

You're arguing economics with a kitchen hand in a "Indian" restaurant, Not going to get anywhere than a 90's catch phrase "Dude".. When bottom dwellers finally manage to get their head above the muck they think they're on top of the world, Cos they know nothing better.. Just enjoy the entertainment

 

[UKBengali]

You're arguing economics with a kitchen hand in a "Indian" restaurant, Not going to get anywhere than a 90's catch phrase "Dude".. When bottom dwellers finally manage to get their head above the muck they think they're on top of the world, Cos they know nothing better.. Just enjoy the entertainment

What an inferiority complex you have there dude.
Projecting your own personal situation on others I see. Reality will still hit you every morning you look in the mirror.

Sri Lanka economy has been dead since 2012 and growth will now come in at around 4% a year permanently. It will forever remain in the "middle-income trap". Economic data does not lie.

Now do you not have some begging to do with India and China to help repay your debts this year?

Yeah good luck when IMF prediction gets revised. Also IMF predicts higher that 4% anyway. Also no one actually looks at those, GDP growth predictions aren't even worth looking at if it goes beyond a year or two max. Too many factors that can't be calculated.
Sri Lanka's Businesses Confidence is currently at an all time low.
https://www.cbsl.gov.lk/en/statistics/business-surveys/business-outlook-survey

This will come to end when the Political Crisis ends with the Elections. IMF simply cannot factor this in so the so-called prediction is pointless as its based on the current state which is a country in political crisis.

We are opening three Expressways this year alone and that is going to boost development.
https://srilankamirror.com/news/new...ess-ways-to-be-vested-with-the-public-shortly

The Southern Expressway boosted the development of Galle and now we are seeing high rises coming up in what was a small town a few decades ago.

Land reclamation of the Port City is over and Construction work is about to begin

Combine all of that with the end of the political crisis Sri Lanka can easily go past 5% growth

Your economy has been dead since 2012.
Accept you are no better than Thais.

 

[Godman]

Your economy has been dead since 2012.
Accept you are no better than Thais

So you ran of arguments I see.

 

[UKBengali]

So you ran of arguments I see.

No. See actual growth data from IMF:

https://www.imf.org/external/pubs/f...1&pr1.x=61&pr1.y=6&c=524&s=NGDP_RPCH&grp=0&a=

This is not a short-term problem but it is what Sinhalese are as a people - a 'middle-income' capability ethnicity.

Your growth before 2013 was due to taken out loans like a drunken sailor.

I am not trying to put down Sri Lanka as you are better than all other S Asian countries(BD only because it gained independence in 1971 and was rinsed for 24 years before that by Pakistan) but please accept you are no better than Thais and behind Malays in economic potential.