The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Search

 
 

Display results as :
 

 

Rechercher Advanced Search

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Budget 2016 - Share transaction cost to reduce EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Budget 2016 - Share transaction cost to reduce EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Budget 2016 - Share transaction cost to reduce EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Budget 2016 - Share transaction cost to reduce EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Budget 2016 - Share transaction cost to reduce EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Budget 2016 - Share transaction cost to reduce EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Budget 2016 - Share transaction cost to reduce EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Budget 2016 - Share transaction cost to reduce EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Budget 2016 - Share transaction cost to reduce EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Budget 2016 - Share transaction cost to reduce EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Budget 2016 - Share transaction cost to reduce EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Budget 2016 - Share transaction cost to reduce EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Budget 2016 - Share transaction cost to reduce EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Budget 2016 - Share transaction cost to reduce EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Budget 2016 - Share transaction cost to reduce EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Budget 2016 - Share transaction cost to reduce EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Budget 2016 - Share transaction cost to reduce EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Budget 2016 - Share transaction cost to reduce EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Budget 2016 - Share transaction cost to reduce EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Budget 2016 - Share transaction cost to reduce EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Budget 2016 - Share transaction cost to reduce EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Budget 2016 - Share transaction cost to reduce EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Budget 2016 - Share transaction cost to reduce EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Budget 2016 - Share transaction cost to reduce EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Budget 2016 - Share transaction cost to reduce EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Budget 2016 - Share transaction cost to reduce EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Budget 2016 - Share transaction cost to reduce EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Budget 2016 - Share transaction cost to reduce EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Budget 2016 - Share transaction cost to reduce EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Budget 2016 - Share transaction cost to reduce EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Budget 2016 - Share transaction cost to reduce EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Budget 2016 - Share transaction cost to reduce EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Budget 2016 - Share transaction cost to reduce EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Budget 2016 - Share transaction cost to reduce EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Budget 2016 - Share transaction cost to reduce EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Budget 2016 - Share transaction cost to reduce EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Budget 2016 - Share transaction cost to reduce EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Budget 2016 - Share transaction cost to reduce EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Budget 2016 - Share transaction cost to reduce EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Budget 2016 - Share transaction cost to reduce EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Budget 2016 - Share transaction cost to reduce EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Budget 2016 - Share transaction cost to reduce EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Budget 2016 - Share transaction cost to reduce EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Budget 2016 - Share transaction cost to reduce EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Budget 2016 - Share transaction cost to reduce EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Budget 2016 - Share transaction cost to reduce EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Budget 2016 - Share transaction cost to reduce EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Budget 2016 - Share transaction cost to reduce EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Budget 2016 - Share transaction cost to reduce EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Budget 2016 - Share transaction cost to reduce EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

+3
sashimaal
HAL9000
balapas
7 posters

    Budget 2016 - Share transaction cost to reduce

    balapas
    avatar
    balapas
    Top contributor
    Top contributor


    Posts : 762
    Join date : 2014-02-23
    Age : 44
    • Post n°1

    Budget 2016 - Share transaction cost to reduce Empty Budget 2016 - Share transaction cost to reduce

    Post by balapas Fri Nov 20, 2015 7:53 pm

    Important for the forum

    " 287 . At the same time, the Share Transaction Levy which charges 0.3 percent from the buyer and seller on each share transaction will be removed with a view of encouraging activities in the share market so as to boost the sagging movement of share transactions. Further, as an additional measure, the stamp duty on share certificates will also be removed. "

    Apart from the price reductions best for me was removing the stamp duty on credit cards. Bad thing is two hours ago bought two AC's so may not get the benefits for them. However for foreign purchases it has been increased to 2.5%.

    Read the full speech here

    http://www.treasury.gov.lk/images/depts/fpd/docs/budgetspeech/2016/bgtspeech2016E.pdf
    • Back to top
    HAL9000
    HAL9000
    HAL9000
    Top contributor
    Top contributor


    Posts : 1402
    Join date : 2014-08-11
    Location : Colombo
    • Post n°2

    Budget 2016 - Share transaction cost to reduce Empty Re: Budget 2016 - Share transaction cost to reduce

    Post by HAL9000 Fri Nov 20, 2015 8:02 pm

    Good, at least for the crying babies babbling 24 hours about revenge investors, punish, angry etc etc Razz Razz Razz
    • Back to top
    sashimaal
    sashimaal
    sashimaal
    Top contributor
    Top contributor


    Posts : 5785
    Join date : 2014-02-28
    • Post n°3

    Budget 2016 - Share transaction cost to reduce Empty Re: Budget 2016 - Share transaction cost to reduce

    Post by sashimaal Fri Nov 20, 2015 8:05 pm

    lol!

    HAL9000 wrote:Good, at least for the crying babies babbling 24 hours about revenge investors, punish, angry etc etc Razz Razz Razz
    • Back to top
    tharindufit
    avatar
    tharindufit


    Posts : 158
    Join date : 2015-09-22
    Location : Colombo, Sri Lanka
    • Post n°4

    Budget 2016 - Share transaction cost to reduce Empty Re: Budget 2016 - Share transaction cost to reduce

    Post by tharindufit Fri Nov 20, 2015 8:15 pm

    Okay. Who said this budget is not investor friendly? :-)

    260. Today banks are not keen to lend to certain important sectors of the economy, which has
    hampered the growth of these sectors. In this background, I propose that all the banks
    should lend at least 10 percent of their loan portfolio to Agriculture, 5 percent to SME and
    5 percent to Women and Youth. Given the impact the international gold prices has had on
    the local banks specially with large pawning portfolios, I urge the banking sector to limit
    their pawning business to a maximum of 5 percent of their loan portfolios. Further, I
    encourage Banks to lend to customers who are engaging in stock market activities.

    284. Honourable Speaker, this government is committed to creating the enabling environment in
    which the stock market can operate efficiently and effectively. A proper regulatory
    framework is the key in facilitating growth in the stock market. As such, it is proposed that
    Securities and Exchange Act be revised to address the regulatory deficiencies in the market.

    287. At the same time, the Share Transaction Levy which charges 0.3 percent from the buyer and
    seller on each share transaction will be removed with a view of encouraging activities in the share market so as to boost the sagging movement of share transactions. Further, as an
    additional measure, the stamp duty on share certificates will also be removed.

    288. Honourable Speaker, volatility in the stock market has resulted in many of the stock brokers
    facing significant issues. It would appear that the sustainability of stock brokers themselves
    is important in ensuring the long term development of the Capital markets. As such, I
    encourage the Stock Brokers to merge to strengthen their capacities and capabilities.
    • Back to top
    sashimaal
    sashimaal
    sashimaal
    Top contributor
    Top contributor


    Posts : 5785
    Join date : 2014-02-28
    • Post n°5

    Budget 2016 - Share transaction cost to reduce Empty Re: Budget 2016 - Share transaction cost to reduce

    Post by sashimaal Fri Nov 20, 2015 8:17 pm

    Thanks Bala Smile

    ACs - Transaction day or billed day counts? also these laws are applicable immediately?

    balapas wrote:Important for the forum

    " 287 . At the same time, the Share Transaction Levy which charges 0.3 percent from the buyer and seller on each share transaction will be removed with a view of encouraging activities in the share market so as to boost the sagging movement of share transactions. Further, as an additional measure, the stamp duty on share certificates will also be removed. "

    Apart from the price reductions best for me was removing the stamp duty on credit cards. Bad thing is two hours ago bought two AC's so may not get the benefits for them. However for foreign purchases it has been increased to 2.5%.

    Read the full speech here

    http://www.treasury.gov.lk/images/depts/fpd/docs/budgetspeech/2016/bgtspeech2016E.pdf


    Last edited by sashimaal on Fri Nov 20, 2015 8:23 pm; edited 1 time in total
    • Back to top
    NC`
    NC`
    NC`
    Top contributor
    Top contributor


    Posts : 163
    Join date : 2014-09-27
    • Post n°6

    Budget 2016 - Share transaction cost to reduce Empty Re: Budget 2016 - Share transaction cost to reduce

    Post by NC` Fri Nov 20, 2015 8:19 pm

    Very Happy Chrz
    • Back to top
    HUNTER
    HUNTER
    HUNTER
    Top contributor
    Top contributor


    Posts : 1935
    Join date : 2014-07-14
    • Post n°7

    Budget 2016 - Share transaction cost to reduce Empty Re: Budget 2016 - Share transaction cost to reduce

    Post by HUNTER Fri Nov 20, 2015 9:10 pm

    Good move.

    How about reducing the broker commission also by half.

    That way, I am sure brokers will get more revenue by the increased number of transactions.

    At least they can do it on trial basis for few months and see.
    • Back to top
    Jana1
    avatar
    Jana1
    Top contributor
    Top contributor


    Posts : 630
    Join date : 2014-02-23
    • Post n°8

    Budget 2016 - Share transaction cost to reduce Empty Re: Budget 2016 - Share transaction cost to reduce

    Post by Jana1 Sat Nov 21, 2015 2:37 am

    HUNTER wrote:Good move.

    How about reducing the broker commission also by half.


    I would love to see that....
    • Back to top

      Current date/time is Sat Jul 27, 2024 12:04 pm