Panic Attack ?

[කිත්සිරි ද සිල්වාTop contributor]

Now I realized how easy to hit the Panic button.
RED RED RED and small timers are running away.

[sashimaalTop contributor]

This will get sorted out.

But super gains tax, if implemented would have some effect (though it's one time), as it's policy wise wrong.

In a competitive market, sky should be the limit when it comes to profit.

Steps should be made to make it a level playing field.
If wrong things have happened in the past, those needs to be corrected than punishing all the best performers !

[Expert]

Are these the representatives chosen by people to rule them? Robin Hood stye?

[කිත්සිරි ද සිල්වාTop contributor]

Did anyone here cry about our investments in CSE, when the previous government demanded funds from big companies to run it's brutal political campaign?

At least, this super tax will go to the government coffer and can be channeled to uplift the masses (40% living less than US $ 2 a day still).

Surely, it will not end up as posters, banners etc desanctifying the environment.

http://investorsentiment.forumotion.net/t3928-difficult-times-for-investors-and-cse-under-unp#27698

This will get sorted out.

But super gains tax, if implemented would have some effect (though it's one time), as it's policy wise wrong.

In a competitive market, sky should be the limit when it comes to profit.

Steps should be made to make it a level playing field.
If wrong things have happened in the past, those needs to be corrected than punishing all the best performers !

[sashimaalTop contributor]

Yes agree

But this is also not right

Did anyone here cry about our investments in CSE, when the previous government demanded funds from big companies to run it's brutal political campaign?  

At least, this super tax will go to the government coffer and can be channeled to uplift the masses (40% living less than US $ 2 a day still).  

Surely, it will not end up as posters, banners etc desanctifying the  environment.  

https://forum.lankaninvestor.com/t3928-difficult-times-for-investors-and-cse-under-unp#27698

This will get sorted out.

But super gains tax, if implemented would have some effect (though it's one time), as it's policy wise wrong.

In a competitive market, sky should be the limit when it comes to profit.

Steps should be made to make it a level playing field.
If wrong things have happened in the past, those needs to be corrected than punishing all the best performers !

[slstockVeteran]

Don't panic. See below
https://forum.lankaninvestor.com/t983p450-cse-l-where-are-we-heading#27709

[කිත්සිරි ද සිල්වාTop contributor]

To manage the recurrent internal expenditure, the government has to find ways.
Would you like the masses will be burdened more or tax just a handful of companies making billions when more than 40% are managing with less than US $ 2 in a day.
Ask your conscience first.
I prefer the latter.

[sashimaalTop contributor]

Govt should find other sources.

This is short term thinking which may have long term repercussions.

Basically the "poor" will have to "pay" more in the future for this

To manage the recurrent internal expenditure, the government has to find ways.
Would you like the masses will be burdened more or tax just a handful of companies making billions when more than 40% are managing with less than US $ 2 in a day.
Ask your conscience first.
I prefer the latter.

[Ethical TraderTop contributor]

My3 can't show majic overnight. The level of public investment and the loan repayments (inherited from MR regime) have to be maintained untill the economy is made stable through IMF/WB assistance. At the same time the general public should be kept comfortable as this is an election year.

Current market reaction is expcted when subsidies are granted & taxes are increased. Under the circumstances some are booking profits making the CSE red. This is a temporary reaction and the market should surely pickup under the current regime because it has all stake holders supporting good governance + economic development through open economy.

This is a good period for long term investors. Now you can collect your favourit stocks at bargain prices. Treat this as an opportunity. I am collecting COMB, TJL etc,.

[sapumal]

JKH waterfront project -
No free casinos since casino is not under strategic business. But JKH will have it for 1000Mns. There is a good side too.

[sashimaalTop contributor]

No, i think it was banned to have casinos inside such projects.
Rs 1 Bill is nothing for a Casino of that magnitude...

JKH waterfront project -
No free casinos since casino is not under strategic business. But JKH will have it for 1000Mns. There is a good side too.

[poor boyActive Member]

the construction boom is over. now this govt will cry about loans and stop all these.

[sashimaalTop contributor]

Well said, +

Hope they informed big companies in a proper way (may not be for the "bad" ones)...to help the Country out of this mess...

My3 can't show majic overnight. The level of public investment and the loan repayments (inherited from MR regime) have to be maintained untill the economy is made stable through IMF/WB assistance. At the same time the general public should be kept comfortable as this is an election year.

Current market reaction is expcted when subsidies are granted & taxes are increased. Under the circumstances some are booking profits making the CSE red. This is a temporary reaction and the market should surely pickup under the current regime because it has all stake holders supporting good governance + economic development through open economy.

This is a good period for long term investors. Now you can collect your favourit stocks at bargain prices. Treat this as an opportunity. I am collecting COMB, TJL etc,.

[Expert]

Agree with most of you, but, this sudden drastic changes do mess up things; yes, panic attacks.

[sapumal]

No, i think it was banned to have casinos inside such projects.
Rs 1 Bill is nothing for a Casino of that magnitude...

JKH waterfront project -
No free casinos since casino is not under strategic business. But JKH will have it for 1000Mns. There is a good side too.

1. Ranil proposed the 2 casino projects under regaining sri lanka
2. It says casinos can't have tax holidays.
3. project and property are two terms.

We may need two three days to realize this.

http://origin.adaderana.lk/biz/

ක්‍රමෝපායික සංවර්ධන පනත යටතේ අනුමත කර තිබෙන ව්‍යාපෘතිවල කැසිනෝ ව්‍යාපාරික කටයුතු කිරීම කැබිනට් මණ්ඩලය විසින් තහනම් කර තිබේ.
අග්‍රාමාත්‍ය රනිල් වික්‍රමසිංහ මහතා පාර්ලිමේන්තුවේදී පැවසුවේ කැසිනෝ ව්‍යාපාරික කටයුතු හැර ක්‍රමෝපායික සංවර්ධන පනත යටතේ අනුමත කර තිබෙන ව්‍යාපෘතිවල අනිකුත් සියළුම ව්‍යාපාරික කටයුතු බදු සහන යටතේ සිදුකළ හැකි බවයි.
රවී විජේරත්න සහ ජේම්ස් පැකර් ඒකාබද්ධව සිදුකිරීමට නියමිත ලේක් ලෙෂර් ව්‍යාපෘතිය, ජෝන් කීල්ස් හෝල්ඩින්ග්ස්හි වෝටර් ෆ්‍රන්ට් ව්‍යාපෘතිය හා ධම්මික පෙරේරාගේ ක්වීන්ස්බරි ව්‍යාපෘතිය යටතේ කැසිනෝ ව්‍යාපාරික කටයුතු සිදුකළ නොහැකි බව අග්‍රාමාත්‍ය රනිල් වික්‍රමසිංහ මහතා පැවසීය.

[Ethical TraderTop contributor]

Well said, +

Hope they informed big companies in a proper way (may not be for the "bad" ones)...to help the Country out of this mess...

My3 can't show majic overnight. The level of public investment and the loan repayments (inherited from MR regime) have to be maintained untill the economy is made stable through IMF/WB assistance. At the same time the general public should be kept comfortable as this is an election year.

Current market reaction is expcted when subsidies are granted & taxes are increased. Under the circumstances some are booking profits making the CSE red. This is a temporary reaction and the market should surely pickup under the current regime because it has all stake holders supporting good governance + economic development through open economy.

This is a good period for long term investors. Now you can collect your favourit stocks at bargain prices. Treat this as an opportunity. I am collecting COMB, TJL etc,.

As per the Finance Minister this budget has the backing of the private sector. He, in his speecch, thanked some companies for their assistance.

[slstockVeteran]

What were those companies?

Well said, +

Hope they informed big companies in a proper way (may not be for the "bad" ones)...to help the Country out of this mess...

My3 can't show majic overnight. The level of public investment and the loan repayments (inherited from MR regime) have to be maintained untill the economy is made stable through IMF/WB assistance. At the same time the general public should be kept comfortable as this is an election year.

Current market reaction is expcted when subsidies are granted & taxes are increased. Under the circumstances some are booking profits making the CSE red. This is a temporary reaction and the market should surely pickup under the current regime because it has all stake holders supporting good governance + economic development through open economy.

This is a good period for long term investors. Now you can collect your favourit stocks at bargain prices. Treat this as an opportunity. I am collecting COMB, TJL etc,.

As per the Finance Minister this budget has the backing of the private sector. He, in his speecch, thanked some companies for their assistance.

[sashimaalTop contributor]

Clearly Anchor (Fonterra) was one

What were those companies?

Well said, +

Hope they informed big companies in a proper way (may not be for the "bad" ones)...to help the Country out of this mess...

My3 can't show majic overnight. The level of public investment and the loan repayments (inherited from MR regime) have to be maintained untill the economy is made stable through IMF/WB assistance. At the same time the general public should be kept comfortable as this is an election year.

Current market reaction is expcted when subsidies are granted & taxes are increased. Under the circumstances some are booking profits making the CSE red. This is a temporary reaction and the market should surely pickup under the current regime because it has all stake holders supporting good governance + economic development through open economy.

This is a good period for long term investors. Now you can collect your favourit stocks at bargain prices. Treat this as an opportunity. I am collecting COMB, TJL etc,.

As per the Finance Minister this budget has the backing of the private sector. He, in his speecch, thanked some companies for their assistance.

[poor boyActive Member]

Will JKH abandon this waterfront project? I think it is more economical for them to give up the project.

[sashimaalTop contributor]

No way ! They will continue without a Casino.

They never harped about the Casino.

Will JKH abandon this waterfront project? I think it is more economical for them to give up the project.