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Expert
sashimaal
කිත්සිරි ද සිල්වා
7 posters
Panic Attack ?
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
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 !
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- Posts : 136
Join date : 2014-03-03
Are these the representatives chosen by people to rule them? Robin Hood stye?
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
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
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
sashimaal wrote: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 !
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
Yes agree 
But this is also not right
But this is also not right
කිත්සිරි ද සිල්වා wrote: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#27698sashimaal wrote: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 !
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
Don't panic. See below
https://forum.lankaninvestor.com/t983p450-cse-l-where-are-we-heading#27709
https://forum.lankaninvestor.com/t983p450-cse-l-where-are-we-heading#27709
Last edited by slstock on Fri Jan 30, 2015 10:24 am; edited 2 times in total
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
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.
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.
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
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
This is short term thinking which may have long term repercussions.
Basically the "poor" will have to "pay" more in the future for this
කිත්සිරි ද සිල්වා wrote: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 Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
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,.
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- Posts : 304
Join date : 2014-09-10
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.
No free casinos since casino is not under strategic business. But JKH will have it for 1000Mns. There is a good side too.
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
No, i think it was banned to have casinos inside such projects.
Rs 1 Bill is nothing for a Casino of that magnitude...
Rs 1 Bill is nothing for a Casino of that magnitude...
sapumal wrote: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 boy- Active Member
- Posts : 766
Join date : 2014-10-09
the construction boom is over. now this govt will cry about loans and stop all these.
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
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...
Hope they informed big companies in a proper way (may not be for the "bad" ones)...to help the Country out of this mess...
Ethical Trader wrote: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- Posts : 136
Join date : 2014-03-03
Agree with most of you, but, this sudden drastic changes do mess up things; yes, panic attacks.
sapumal- Posts : 304
Join date : 2014-09-10
sashimaal wrote:No, i think it was banned to have casinos inside such projects.
Rs 1 Bill is nothing for a Casino of that magnitude...sapumal wrote: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 Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
As per the Finance Minister this budget has the backing of the private sector. He, in his speecch, thanked some companies for their assistance.sashimaal wrote: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...Ethical Trader wrote: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,.
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
What were those companies?
Ethical Trader wrote:As per the Finance Minister this budget has the backing of the private sector. He, in his speecch, thanked some companies for their assistance.sashimaal wrote: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...Ethical Trader wrote: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,.
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
Clearly Anchor (Fonterra) was one
slstock wrote:What were those companies?Ethical Trader wrote:As per the Finance Minister this budget has the backing of the private sector. He, in his speecch, thanked some companies for their assistance.sashimaal wrote: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...Ethical Trader wrote: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,.
poor boy- Active Member
- Posts : 766
Join date : 2014-10-09
Will JKH abandon this waterfront project? I think it is more economical for them to give up the project.
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
No way ! They will continue without a Casino.
They never harped about the Casino.
They never harped about the Casino.
poor boy wrote:
Will JKH abandon this waterfront project? I think it is more economical for them to give up the project.
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