Comments on: Power Games – The CEB http://indi.ca/2005/05/power-games-the-ceb/ I'm a Sri Lankan American Canadian graduate trying to make something of myself in Colombo Thu, 24 May 2012 07:06:05 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Ruwani http://indi.ca/2005/05/power-games-the-ceb/comment-page-1/#comment-16551 Ruwani Wed, 18 May 2005 09:53:22 +0000 /?p=509#comment-16551 Rs. 13 Billion+ is only short-term debt(like bank loans, where you have to repay them quickly). It doesn't count long-term debt liken extensions from central bank and treasury, matured bonds etc. Here's the closest I've come to their accounts: www.ceb.lk/generation/summary_statistics.htm - which doesn't tell us anything. They made operating profits of Rs.940 million in 2003 compared to losses of Rs. 7 billion in 2002. They reserve the right to delay publishing their accounts till kingdom come. Thing is, I wish I knew things like how much of public sector subsidies go into financing them, and how much of tax revenue (e.g your mother's salary) goes into making sure that these dudes can't make our lights go on. I have a feeling that when it all comes out we're going to be faced with a serious debt-hangover where someone's gone on a spending spree with our credit card. Rs. 13 Billion+ is only short-term debt(like bank loans, where you have to repay them quickly). It doesn’t count long-term debt liken extensions from central bank and treasury, matured bonds etc. Here’s the closest I’ve come to their accounts: http://www.ceb.lk/generation/summary_statistics.htm – which doesn’t tell us anything. They made operating profits of Rs.940 million in 2003 compared to losses of Rs. 7 billion in 2002. They reserve the right to delay publishing their accounts till kingdom come. Thing is, I wish I knew things like how much of public sector subsidies go into financing them, and how much of tax revenue (e.g your mother’s salary) goes into making sure that these dudes can’t make our lights go on. I have a feeling that when it all comes out we’re going to be faced with a serious debt-hangover where someone’s gone on a spending spree with our credit card.

]]> By: Sophist http://indi.ca/2005/05/power-games-the-ceb/comment-page-1/#comment-16547 Sophist Wed, 18 May 2005 09:15:24 +0000 /?p=509#comment-16547 I read the article. I am not an economist. In fact for the purposes of this argument I will concede that I am daft bugger. Even despite that concession...how - and I repeat - HOW, can anyone, running anything, run up a debt of 13 billion rupees without hitting some sort of panic switch? WTF? I understand how debt is accumulated. Yet, this is ridiculous. How are these things allowed to happen? Over to Ru. I read the article. I am not an economist. In fact for the purposes of this argument I will concede that I am daft bugger. Even despite that concession…how – and I repeat – HOW, can anyone, running anything, run up a debt of 13 billion rupees without hitting some sort of panic switch? WTF?

I understand how debt is accumulated. Yet, this is ridiculous. How are these things allowed to happen? Over to Ru.

]]> By: Mahangu http://indi.ca/2005/05/power-games-the-ceb/comment-page-1/#comment-16501 Mahangu Tue, 17 May 2005 02:47:07 +0000 /?p=509#comment-16501 This is some serious shit. :s Your country <em>needs you</em>, Ruwani. Get back here and apply for an advisor post in the Ministry of Power and Energy. No wait, don't. That might mean an early suicide. Either way, I can't comment on the content. It's too early and I have class now. But will have a read later. This is some serious shit. :s Your country needs you, Ruwani. Get back here and apply for an advisor post in the Ministry of Power and Energy. No wait, don’t. That might mean an early suicide. Either way, I can’t comment on the content. It’s too early and I have class now. But will have a read later.

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