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Gota's Era - Page 8 Empty Re: Gota's Era

on Thu Jan 09, 2020 9:22 am
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ASI falls below 6000.

Gota's Era - Page 8 78iNOgeEbAAAAAAElFTkSuQmCC

Gota's Era - Page 8 KvNvwQKTHTArXlUb93ZY8QIAqGDkgmbFq2pj0Q4rXgCAphCEBQAA0AAEGAAAoAEIMAAAQAMQYAAAgAYgwAAAAA1AgAEAABqAAAMAADQAAQYAAGjAx8eH++W3335zHx8fvHjx4sWLF69Kr99++839P6sOqBLEpRlVAAAAAElFTkSuQmCC

Gota's Era - Page 8 3alBKZMQQghxSv9bwIQQQgjpCAVMCCGEDAEKmBBCCBkCFDAhhBAyBChgQgghZAhQwIQQQsgQoIAJIYSQIUABE0IIIUOAAiaEEEKGwOnpKf7u7Oxs6Ms8cePGjRs3buO0nZ2d4f8HRqbGyMRdGlUAAAAASUVORK5CYII=
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on Thu Jan 09, 2020 9:53 am
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Gota's Era - Page 8 Empty Re: Gota's Era

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Gota's Era - Page 8 Empty Re: Gota's Era

on Tue Jan 21, 2020 10:44 am
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Gota's Era - Page 8 Empty Re: Gota's Era

on Wed Jan 22, 2020 12:56 pm
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Tax rates revisited and the market act positively.

Jan 22, 2020 (LBO) – Sri Lanka’s Finance Ministry announced the list of tax changes introduced in the proposed Inland Revenue Amendment Bill which is to be presented to Parliament for approval.
Related: Cabinet nod to amend Inland Revenue Act
The complete list of proposed tax amendments:
(i). Interest Income
(a) Interest paid up to Rs. 250,000 per month to any person shall be exempted from withholding tax (WHT), with effect from January 1, 2020.
(b) Interest payments shall not be subjected to WHT and will form part of the assessable income, with effect from April 1, 2020.
(ii). Pay-As-You-Earn (PAYE) Tax
(a) PAYE Tax-free limit is increased from Rs. 100,000/- per month to Rs.250,000/- per month, with effect from January 1, 2020. Amount exceeding tax-free limit is liable for PAYE at the progressive rate of 6%, 12% and 18% on monthly tax slab of Rs. 250,000/-
(b) PAYE tax will be removed and the employment income will form part of the assessable income, with effect from April 1, 2020.
(iii). Terminal Benefits – Income tax rate applicable on the terminal benefits is revised with effect from January 1, 2020, as follows:
• First Rs. 10 Million — Exempt
• Next Rs. 10 Milion — 6%
• Balance — 12%
(iv). WHT on specified fees, paid to residents will be removed with effect from January 1, 2020.
(v). WHT on dividend, charge, natural resource payment, rent, royalty, premium or retirement payments made to residents will be removed and such income will form a part of assessable income, with effect from April 1, 2020.
(vi). WHT on Partners’ share will be removed and the taxable income of the partnership excluding Rs. 1 million per annum will be subjected to Partnership Tax at the rate of 6%, with effect from April 1, 2020.
(vii). Exemptions
(a) Profits and income earned by any person from farming including agriculture, fish and livestock farming is exempt from income tax with effect from April 1, 2019
(b) Profits and income earned from providing Information Technology and enabling services is exempt from income tax, with effect from January 1, 2020. The enabling services will be prescribed by regulations by the Minister in charge of the subject of Finance.
(c) Profits and income earned from services rendered to persons outside Sri Lanka, if the payments for such services are received in foreign currency, through a bank is exempt from income tax, with effect from January 1, 2020.
(d) Interest income earned on NRFC and RFC accounts will be exempted from income tax with effect from April 1, 2020.
(e) Interest paid on loans obtained from any person outside Sri Lanka is exempt from income tax, with effect from April 1, 2018.
(f) Any income earned by any non-resident person on any Sovereign Bond denominated in foreign or local currency, is exempt from income tax, with effect from April 1, 2018.
(g) Interest or discount paid or allowed to any person on Sovereign Bonds denominated in foreign currency, is exempt from income tax, with effect from April 1, 2018.
(h) Funds received by any Public Corporation out of the funds voted by Parliament from the Consolidated Fund or out of any loan arranged through the Government, with effect from April 1, 2018.
(i) Dividends paid by a resident company to any non- resident person will be exempted from income tax with effect from April 1, 2020
(j) Amounts derived by any non-resident person from laboratory services or standards certification services will be exempted from income tax, with effect from April 1, 2020.
(k) Amounts received by any religious institution by way of grants and donations will be exempted from income tax, with effect from April 1, 2020.
(viii). Qualifying Payments
(a) Payments made to consolidated Fund by any Public Corporation is deductible in calculating income tax of such corporation, with effect from April 1, 2019.
(b) Following payments subject to maximum of Rs.100,000/- per month or Rs. 1.2 million per annum will be deductible, with effect from April 1, 2020 in calculating the Personal Income Tax:-
• Health expenditure including contributions to Medical Insurance
• Educational expenditure incurred locally
• Payment of interest on housing loans
• Contribution to an approved pension scheme
• Expenditure incurred for the purchase of equity or security
(ix). Income Tax Rate Changes
(a) The 40% income tax rate is limited to the manufacture and sale or import and sale of any liquor or tobacco product, with effect from April 1, 2019
(b) The progressive rate applicable on Personal Income is revised to 6%, 12% and 18% and the tax-free limit and the tax slab is revised to Rs.3 million per annum, with effect from January 1, 2020.
(c) Corporate Income Tax Rate will be revised, with effect from April 1, 2020, as follows:-

  • Exports, Tourism, Education, Medicare, Construction, and Agro-processing 14%
  • Manufacturing 18%
  • Liquor, Tobacco, Betting and Gaming 28%
  • Trading, Banking, Finance, Insurance, etc. 24

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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Jan 24, 2020 9:19 am
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Jan 24, 2020 9:21 am
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Jan 24, 2020 9:27 am
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Jan 24, 2020 9:33 am
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14-Nov-195,980.28
15-Nov-196,022.57Pre Election Date
18-Nov-196,129.56Gota Won
19-Nov-196,142.76Gota Assume Duties
20-Nov-196,138.59
21-Nov-196,138.33
22-Nov-196,119.27
25-Nov-196,083.74
26-Nov-196,094.85
27-Nov-196,118.87
28-Nov-196,201.12Tax Boanza
29-Nov-196,211.97Prez Indian Visit
2-Dec-196,215.23
3-Dec-196,214.99Swiss Embassy on White Van
4-Dec-196,206.40No Swiss Visa for SL
5-Dec-196,160.88
6-Dec-196,149.57
9-Dec-196,103.63Swiss Embasssy Lady to CID
10-Dec-196,060.20
12-Dec-196,099.66
16-Dec-196,057.00Fitch Down Grade SL
18-Dec-196,059.09MP Patali Champika Remanded
19-Dec-196,045.27
23-Dec-196,044.73Moratorium on SME upto 300 Million
24-Dec-196,031.81MP Patali Champika Bailed out
26-Dec-196,086.69MP Rajitha to be arrested 
27-Dec-196,122.64Monetary Board says possibiliyt of lending rate going down
30-Dec-196,156.00
31-Dec-196,129.21
2-Jan-206,108.53
3-Jan-206,111.28MP Ranjan arrested and baile out in weekend
6-Jan-206,069.93US kills Iran Military leader
7-Jan-206,026.09Oil Barrel reach $70
8-Jan-205,898.84Iran counter attack to American Bases in Iraq
9-Jan-205,987.55JKH 2nd Stake Sold
13-Jan-205,980.67
14-Jan-205,968.63Very high vegetable prices 
16-Jan-20
17-Jan-205,932.92
20-Jan-205,906.20PM meets Stock Brokers
21-Jan-205,914.33
22-Jan-205,941.42New Chairman for SEC
23-Jan-20
5,984.50

Tax Benefits Gazzetted
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Gota's Era - Page 8 Empty Re: Gota's Era

on Mon Jan 27, 2020 11:54 am
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January 27, 2020 at 9:20 am | lanka C news Gota's Era - Page 8 454545-1
ආණ්ඩුව පත්වී මාස දෙකක කාලය තුල ජනතාවගේ කැමැත්ත විශාල වශයෙන් පහත බැස ඇති බව බිස්නස් ටයිම්ස් විසින් කළ සමීක්ෂණයකින් හෙළි කර ඇත.
ක්‍ෂෙත‍්‍ර ගණනාවක් යටතේ මෙම සමීක්‍ෂණනය කර ඇති අතර ආණ්ඩුව හොද බවට පවසන පිරිස 44% සීමාව දක්වා එම සමීක්‍ෂණයේදී පහත බැස ඇත.
ඉතිරි පිරිස ආණ්ඩුවේ ක‍්‍රියාපිලිවෙත අනුගමනය නොකරන හා අදහසක් පල කර නැති පිරිසයි.
ආණ්ඩුවේ ආර්ථික ප‍්‍රතිපත්තිය හොද යයි පවසා ඇත්තේ 19%කි. ආයතනවලට පත් කල පුද්ගලයන් හොද බව 30%ක් කියයි. ජීවන වයදම අඩු කල බව කියන්නේ 17%කි
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Gota's Era - Page 8 Empty Re: Gota's Era

on Tue Jan 28, 2020 8:24 am
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Corona virus has attacked investors sentiment everywhere.


www.washingtonpost.com › business › 2020/01/27 › stock-markets-cor...


Coronavirus fears push U.S. stock market sharply lower - The ...







6 hours ago - Global markets took a steep drop Monday as investors grew increasingly anxious about the swift spread of the coronavirus beyond China's



nymag.com › intelligencer › 2020/01 › why-stock-market-worried-coro...


Why the Stock Market is So Worried About Coronavirus







8 hours ago - The stock market has been remarkably stable in recent months, but investors seem seriously spooked by the spreading Wuhan coronavirus epidemic. As of 12:45 p.m. Monday, U.S. stocks are down 1.2 percent, having rebounded slightly from deeper lows. European markets fell more than 2 percent today

We often make predictions on Market Movements based on Technical Analysis as well as on Fundamental Analysis. Yet another equally important factor is PEST...


The whole effort of this thread is to show how PEST affect a stock market.

Once we become blind believers of a doctrine we ridicule other possibilities. There were nice statements by our members on this thread within the thread and without. Yet I have shown many times NEWS...(PEST) is important.

Political Leadership has a role to play. Imagine if the Gota regime started buying fundamentally sound shares with EPF and other state controlled  funds and kept the investor sentiment high, the Corona Drop would not have made severe issue to CSE.

Tax bonanza announcement as well as gazetting made positive impact on CSE. But that were the only action taken worthwhile during the past few weeks under Gota Regime.


Market is apolitical. It is neither supporting GOTA no Sajith. But it represent the collective mentality of investors.


Gota's Era - Page 8 Maxresdefault

Gota's Era - Page 8 Images?q=tbn:ANd9GcR_85wCnIMgJ0LbSq63QqE7tXfeP6jXf0UOFDFC9mvb2YeXSJTq&s

************************************************************************

Outbreak of Corona Virus has affected other alternative investments as well.

Oil: According to the latest speculative positioning, net bullish bets on Brent crude rose to a fresh 15-month high. However, given the continued fears over the outbreak of the coronavirus, traders appear to be badly positioned after Brent crude prices saw its largest weekly drop since September 2018
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Gota's Era - Page 8 Empty Re: Gota's Era

on Tue Jan 28, 2020 9:41 am
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Feb 07, 2020 10:22 am
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අතීතයට දොස් එපා.. රට ගොඩනැගීමට සුදානම්.. මා රට බාර ගත්තේ ආර්ථිකය කඩා වැටී ඇති බව දැනගෙනයි..
February 7, 2020 at 8:02 am | lanka C news  Gota's Era - Page 8 Gota-1
අතීතයට සහ ප්‍රශ්න වලට ඇඟිල්ල දිගු කරන්නේ නැතිව වැටී ඇති ආගාධයෙන් රට ගොඩගැනීමට රජයක් ලෙස කැපවීමෙන් වැඩ කරන බව ජනාධිපති ගෝඨාභය රාජපක්ෂ මැතිතුමා කියා සිටී.
රට ගොඩනැගීමේ අභියෝගය තමා භාරගත්තේ ආර්ථිකය කඩා වැටී ඇති බව හොඳින් අවබෝධ කරගෙන බව ද එතුමා පවසයි


This is the common factor of former Military Men when they hold political power. They never blame the Past but continue once the responsibility is shouldered.


Deng Xaiopeng of China and Genaral Park Chunhee of South Korea as proved that. We are waiting for Gota of Sri Lanka. Now word is out. Waiting to see the action.
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Feb 07, 2020 10:30 am
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YK,

This topic is on Gota's Era right. Not Gota only.

My main concern is not on Gota. My concern is who is  still around
Gota and who is appointed to important positions which have direct
impact to the country.  Going against  Gota's promise to appoint the right
people to right posts ,  I see wrong people are still given such positions.

I saw the below heading,  Minister Mahindananda Aluthgamage said
regarding the  recent power cuts.  

"හදිසියේ ලයිට් කපන්න වුනේ යහපාලනේ අය ණය නොගෙවූ නිසා - විදුලි බල රාජ්‍ය ඇමති"


This person is going against what Gota is wanting to do as you posted.
The inefficient people around him, who are appointed by you know who
is  killing Gota efforts and vision. Such statements and acts by unsuitable
people will  affect the economy/CSE growth.

 
You need to highlight things above too,  not only positive things
so the people reading this thread will be able to make it a
balanced assessment.  





yellow knife wrote:අතීතයට දොස් එපා.. රට ගොඩනැගීමට සුදානම්.. මා රට බාර ගත්තේ ආර්ථිකය කඩා වැටී ඇති බව දැනගෙනයි..
February 7, 2020 at 8:02 am | lanka C news  Gota's Era - Page 8 Gota-1
අතීතයට සහ ප්‍රශ්න වලට ඇඟිල්ල දිගු කරන්නේ නැතිව වැටී ඇති ආගාධයෙන් රට ගොඩගැනීමට රජයක් ලෙස කැපවීමෙන් වැඩ කරන බව ජනාධිපති ගෝඨාභය රාජපක්ෂ මැතිතුමා කියා සිටී.
රට ගොඩනැගීමේ අභියෝගය තමා භාරගත්තේ ආර්ථිකය කඩා වැටී ඇති බව හොඳින් අවබෝධ කරගෙන බව ද එතුමා පවසයි


This is the common factor of former Military Men when they hold political power. They never blame the Past but continue once the responsibility is shouldered.


Deng Xaiopeng of China and Genaral Park Chunhee of South Korea as proved that. We are waiting for Gota of Sri Lanka. Now word is out. Waiting to see the action.


Last edited by slstock on Fri Feb 07, 2020 11:10 am; edited 3 times in total

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කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Feb 07, 2020 10:34 am
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"ගරැ මහින්දානන්ද අළුත්ගමගේ මහතා කෝප් කමිටුවේ සභාපති ලෙස රජය විසින් පත් කරේ".

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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Feb 07, 2020 10:56 am
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සුධර්මන් රදළියගොඩ නැවතත් ITN සාමාන්‍යාධිකාරී ලෙස පත් කෙරේ..
February 6, 2020 at 11:36 pm | lanka C news  Gota's Era - Page 8 Sudarman
සුධර්මන් රදළියගොඩ මහතා ස්වාධීන රූපවාහිනී සේවය නියෝජ්‍ය සාමාන්‍යධිකාරි දෙස යළිත් වරක් සේවයේ පිහිටුවා තිබේ.
එහි සභාපතිවරයා විසින් ජනාධිපතිවරයා වෙත මේ බව ලිඛිතව දන්වා ඇත


This is an another example of what SLS highlighted above. There is a tug o war between Gota and the old thinkers.

Very soon old thinkers of all parties will unite against the New. Lets see the winners soon.
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Feb 07, 2020 1:43 pm
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Gota has good intentions. But to do good for the country he needs a clear list of priority to focus on and expert advise on how to deal with those priorities. THis should be supported by MR and his men. Key position key people is and important principle. Goata knows that too; perhaps why he doesn't allow MR to chair cabinet meeting during his absence. Difference in style as Bambula puts it
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Feb 07, 2020 2:18 pm
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කිත්සිරි ද සිල්වා wrote:"ගරැ මහින්දානන්ද අළුත්ගමගේ මහතා කෝප් කමිටුවේ සභාපති ලෙස රජය විසින් පත් කරේ".

Is this True Kith. Evil or Very Mad What a Face
They say Mr.Sunil Hadunneththi re-appointed.
කිත්සිරි ද සිල්වා
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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Feb 07, 2020 2:23 pm
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Let's wait for the official announcement. Shocked

serene wrote:
කිත්සිරි ද සිල්වා wrote:"ගරැ මහින්දානන්ද අළුත්ගමගේ මහතා කෝප් කමිටුවේ සභාපති ලෙස රජය විසින් පත් කරේ".

Is this True Kith. Evil or Very Mad  What a Face
They say Mr.Sunil Hadunneththi re-appointed.

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Gota's Era - Page 8 Empty Re: Gota's Era

on Fri Feb 07, 2020 5:10 pm
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Again Handunneththi appointed.
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Gota's Era - Page 8 Empty Re: Gota's Era

on Mon Feb 10, 2020 8:30 am
Gota's Era - Page 8 WhatsApp-Image-2020-02-09-at-17.07.03


ජනපතිගෙන් ඓතිහාසික චක‍්‍රලේඛයක්.. අගමැති හා සියළු ඇමතිලාගේ කාර්ය මණ්ඩල නිලධාරීන්ට රජයේ නිලධාරීන්ට බලපෑම් කිරීම තහනම්..
February 9, 2020 at 10:12 pm | lanka C news Gota's Era - Page 8 4587888
අග්‍රාමාත්‍යවරයාගේ හෝ වෙනත් ඇමතිවරුන්ගේ පෞද්ගලික ලේකම්වරුන්, මහජන සම්බන්ධීකරණ නිලධාරීන් ඇතුළු පුද්ගලික කාර්ය මණ්ඩලයේ කිසිවෙකු විසින් අගමැතිවරයා හෝ අමාත්‍යවරුන් වෙනුවෙන් රජයේ කටයුතු, ව්‍යාපෘති හෝ වෙනත් මූල්‍ය ගනුදෙනු සඳහා මැදිහත්වීම වහා නතර කරන ලෙස ජනාධිපති ගෝඨාභය රාජපක්ෂ මහතා විසින් නියෝග කර තිබේ.
ජනාධිපති ලේකම් පී.බී. ජයසුන්දර මහතා විසින් චක‍්‍රලේඛයක් මගින් මේ බව සියලු අමාත්‍යංශ ලේකම්වරුන් වෙත දැනුම් දී ඇත.
එවන් පණිවිඩ නිකුත් කළ හැක්කේ අගමැති ලේකම්, අමාත්‍යංශ ලේකම් හා රාජ්‍ය ලේකම්වරුන්ට පමණක් යැයිද ජනාධිපතිවරයා විසින් උපදෙස් දී ඇත.
අමාත්‍යවරුන්ගේ පෞද්ගලික කාර්ය මණ්ඩල මේ සම්බන්ධයෙන් දැනුවත් කරන ලෙසත් එවන් කටයුතු මින් පෙර සිදුවී ඇත්නම් ඒවා නිවැරදි කරන ලෙසටත් චක‍්‍රලේඛය මගින් දැනුම් දී තිබේ.
මෙතෙක් පැවති සියළුම රජයන් වල සිටි අගමැති මැති ඇමතිවරුන් ගේ පෞද්ගලික කාර්ය මණ්ඩලය විසින් ජනතා සේවය කිරීම අභිබවා නොයෙකුත් රජයට සම්බන්ධ ව්‍යාපාර කටයුතුවල යෙදුන අතර ඊට සෘජුව සහ වක්‍රව බලපෑම් කිරීමේ අවස්ථා කිහිපයක් ම වාර්තා වී තිබුණි. මෙය සෑම රජයකටම එල්ල වූ බරපතල චෝදනාවකි


Last edited by yellow knife on Mon Feb 10, 2020 8:39 am; edited 1 time in total
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Gota's Era - Page 8 Empty Re: Gota's Era

on Mon Feb 10, 2020 8:37 am
Gota's Era - Page 8 WclWfznjzlD5gAAAABJRU5ErkJggg==
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Gota's Era - Page 8 Empty Re: Gota's Era

on Mon Feb 10, 2020 8:38 am
yellow knife wrote:Gota's Era - Page 8 WclWfznjzlD5gAAAABJRU5ErkJggg==


Gota's Era - Page 8 N27cgP8Hvj+RXpTIGeMAAAAASUVORK5CYII=
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Gota's Era - Page 8 Empty Re: Gota's Era

on Mon Feb 10, 2020 9:14 am
Gota's Era - Page 8 5IA63q7+DB7AAAAAElFTkSuQmCC
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Gota's Era - Page 8 Empty Re: Gota's Era

on Mon Feb 10, 2020 10:48 am
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Experience makes a difference. This is how my PF value in 2016 feb to 2018 April. MY PF was like an Index Fund.

Gota's Era - Page 8 8edz40u2+yKpmGf61CVAy2Go0SkaZj9fwkK15zNBJl07phMUB7ZUlhSB0Rh1hBuGHpGHqoHADAJwg3AABARCDcAAAAEYFwAwAARATCDQAAEBEINwAAQEQg3AAAABGBcAMAAEQEwg0AABARCDcAAEBEINwAAAARgXADAABEBMINAAAQEQg3AABARCDcAAAAEYFwAwAARMRkMhHf+fTTT8VkMsEwDMMwLHD79NNPxX8BEyulIs8uTVgAAAAASUVORK5CYII=
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