Sri Lanka Economy

High.Risk.High.Return · 1 Sri Lanka Economy Fri Mar 18, 2011 1:07 pm

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President Mahinda Rajapaksa led UPFA secured an overwhelming mandate at yesterday’s Local Government Election-2011, obtaining power of 205 local bodies from 234 in which elections were held.

$$$ · 2 Re: Sri Lanka Economy Fri Mar 18, 2011 1:25 pm

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Sue thing good times a head ...stability is good

achala75 · 3 Re: Sri Lanka Economy Fri Mar 18, 2011 1:28 pm

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You are right. Hopfully Invester confidence will further improved. Can expect more investors both local and foreign would turn to CSE. Laughing

duke · 4 Re: Sri Lanka Economy Fri Mar 18, 2011 1:54 pm

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could it be the last two days part of the campaign
as soon as voting ended it's over
if market up people would be happy
now food, fuel prices

jaya · 5 Re: Sri Lanka Economy Fri Mar 18, 2011 3:32 pm

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No way, we could not expect foreign buyers; any Government will buy also local buyers run the market.

EPS · 6 Sri Lanka Economy Thu Oct 23, 2014 2:39 pm

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With the Expecting economy favorable budget, which companies will benifited ?

Harry82 · 7 Re: Sri Lanka Economy Thu Oct 23, 2014 2:45 pm

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Banking and Finance (HNB ,SAMP,NTB, LFIN ,CFIN,VFIN,CDB,)
RCL
LWL
CERA

PriyanDV · 8 Re: Sri Lanka Economy Thu Oct 23, 2014 2:48 pm

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most probably Exports oriented companies ...!

kuma524 · 9 Re: Sri Lanka Economy Thu Oct 23, 2014 2:48 pm

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PLANTATION SECTOR....???

NZ BOY · 10 Re: Sri Lanka Economy Thu Oct 23, 2014 2:49 pm

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Rubber and tea

RPPA · 11 Re: Sri Lanka Economy Thu Oct 23, 2014 2:51 pm

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NO NO NO

MR favorable budget.

man goda yana budget ekak.

A kiyanne kama budget ekak. "Badata sahanaya"

NC · 12 Re: Sri Lanka Economy Thu Oct 23, 2014 2:55 pm

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Hope subsidies will be given for;
- Manufacturing
- Hotels and travels
- Plantation
-Bank and Finance
-Construction

Little on:
- Footwear/textile and Information technology

And; Beverage, food and tobacco.. ( cannot say + /- )

RPPA · 13 Re: Sri Lanka Economy Thu Oct 23, 2014 2:58 pm

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NC wrote:Hope subsidies will be given for;
- Manufacturing
- Hotels and travels
- Plantation
-Bank and Finance
-Construction

Little on:
- Footwear/textile and Information technology

And; Beverage, food and tobacco.. ( cannot say + /- )

Machang NC

no no no

You have given a general comment.That is easy guess.

NC · 14 Re: Sri Lanka Economy Thu Oct 23, 2014 3:01 pm

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RPPA wrote:

NC wrote:Hope subsidies will be given for;
- Manufacturing
- Hotels and travels
- Plantation
-Bank and Finance
-Construction

Little on:
- Footwear/textile and Information technology

And; Beverage, food and tobacco.. ( cannot say + /- )

Machang NC

no no no

You have given a general comment.That is easy guess.

Thats Mahinda Chinthanaya... Very Happy

This budget will be more target on Presidential election... That's the point of view we should look at... Very Happy

VALUEPICK · 15 Re: Sri Lanka Economy Thu Oct 23, 2014 3:01 pm

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May be support for poultry, tea, rural development, value added products, and Indigenous-Medicine.

EPS · 16 Re: Sri Lanka Economy Thu Oct 23, 2014 3:01 pm

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How about the Motor Sector ? Will Announce any Tax reductions?
Also, any good news for Food sector companies.
Then, Think Hotels sector.
I think some Manufacturing companies also will have benefits.

NC · 17 Re: Sri Lanka Economy Thu Oct 23, 2014 3:04 pm

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"The government says it focused on a Medium Term Budgetary Framework 2015 - 2017 mainly to ensure development by creating more livelihood and employment opportunities, food security, energy security and environmental safety with particular emphasis on low income and poor families."

http://www.colombopage.com/archive_14B/Oct23_1414043285CH.php

RPPA · 18 Re: Sri Lanka Economy Thu Oct 23, 2014 3:05 pm

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VALUEPICK wrote:May be support for poultry, tea, rural development, value added products, and Indigenous-Medicine.

I like your picks. Bit different to others.
Very Happy

NC · 19 Re: Sri Lanka Economy Thu Oct 23, 2014 3:08 pm

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EPS wrote:How about the Motor Sector ? Will Announce any Tax reductions?
Also, any good news for Food sector companies.
Then, Think Hotels sector.
I think some Manufacturing companies also will have benefits.

I don't think this budget will more care on motors except construction vehicles/machines. However, tax increase of Hybrid vehicles could be expected (rumor)....
Lets see... Very Happy

EPS · 20 Re: Sri Lanka Economy Thu Oct 23, 2014 3:17 pm

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Proposed taxes

n15 per cent salary hike as an allowance subjected to a maximum of
Rs. 2500 for public sector employees and raising subsidies for agriculture.
n10-25 per cent increase in taxes on imported liquor, tobacco, the
annual licence for motor vehicles, the Nation Building Tax and Value Added
Tax (VAT) for purchases in supermarkets, malls, hotels and restaurants.
nTo protect local manufacturers, taxes on imported leather, plastic,
metal, steel products, furniture, pharmaceuticals, biscuits, chocolates,
confectioneries, apparel and textile will be increased.
Most of these financial and budgetary proposals will be included in
annexures but not in the budget speech, a senior government official said.

http://www.sundaytimes.lk/141005/business-times/2015-sri-lankan-budget-bag-full-of-election-goodies-120454.html

EPS · 21 Re: Sri Lanka Economy Thu Oct 23, 2014 3:24 pm

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http://www.parliament.lk/files/pdf/budget/2015/appropriation_2015_bill.pdf

NC · 22 Re: Sri Lanka Economy Thu Oct 23, 2014 4:21 pm

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EPS wrote:Proposed taxes

n15 per cent salary hike as an allowance subjected to a maximum of
Rs. 2500 for public sector employees and raising subsidies for agriculture.
n10-25 per cent increase in taxes on imported liquor, tobacco, the
annual licence for motor vehicles, the Nation Building Tax and Value Added
Tax (VAT) for purchases in supermarkets, malls, hotels and restaurants.
nTo protect local manufacturers, taxes on imported leather, plastic,
metal, steel products, furniture, pharmaceuticals, biscuits, chocolates,
confectioneries, apparel and textile will be increased.
Most of these financial and budgetary proposals will be included in
annexures but not in the budget speech, a senior government official said.

http://www.sundaytimes.lk/141005/business-times/2015-sri-lankan-budget-bag-full-of-election-goodies-120454.html

the following tax increases are totally unfair according to my view;
- Tobacco; Most labours highly depend on tobacco, and they cannot give up it all. How much is there daily earning...? and how much they spend on cigars...?
- Annual licence for motor vehicles; Dual purpose (DP) and heavy vehicles (HV) renwal fees're even now at a high. But, luxury and semi-luxury taxes are comparatively low. Those DP and HV either, transport cargo either passengers. So, what happens transport cost of those..? This's not the way that a Gov. should look at low income people..
- Pharmaceuticals; How much of drugs are manufactured in local, the SPC, GSK.. ? 200 products, and its over all 15% of market. 85% are imported. And, many patients are reluctant to use local products bcz of quality and all... What'll happen to patients? Many medicines're life long or long term therapy...
I wonder these, taxes are to protect the manufactures or to protect the government.... Evil or Very Mad

fff4sl · 23 Re: Sri Lanka Economy Thu Oct 23, 2014 4:38 pm

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NC wrote:

RPPA wrote:

NC wrote:Hope subsidies will be given for;
- Manufacturing
- Hotels and travels
- Plantation
-Bank and Finance
-Construction

Little on:
- Footwear/textile and Information technology

And; Beverage, food and tobacco.. ( cannot say + /- )

Machang NC

no no no

You have given a general comment.That is easy guess.

Thats Mahinda Chinthanaya...
This budget will be more target on Presidential election... That's the point of view we should look at...

I agree with you...

Balanced_Views · 24 Re: Sri Lanka Economy Thu Oct 23, 2014 4:58 pm

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EPS wrote:With the Expecting economy favorable budget, which companies will benifited ?

TKYO

soileconomy · 25 Re: Sri Lanka Economy Fri Oct 24, 2014 5:01 am

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Corporate taxes will be increased?government servants get salary increment .due to presidential election people will be given more consessions at the expenses of private sector.to be honest this budget will not be a good one for private sector.

Main objective of the budget to increase vote base not to improve economy.

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Sri Lanka Economy

1 Sri Lanka Economy Fri Mar 18, 2011 1:07 pm

High.Risk.High.Return

2 Re: Sri Lanka Economy Fri Mar 18, 2011 1:25 pm

$$$

3 Re: Sri Lanka Economy Fri Mar 18, 2011 1:28 pm

achala75

4 Re: Sri Lanka Economy Fri Mar 18, 2011 1:54 pm

duke

5 Re: Sri Lanka Economy Fri Mar 18, 2011 3:32 pm

jaya

6 Sri Lanka Economy Thu Oct 23, 2014 2:39 pm

EPS

7 Re: Sri Lanka Economy Thu Oct 23, 2014 2:45 pm

Harry82

8 Re: Sri Lanka Economy Thu Oct 23, 2014 2:48 pm

PriyanDV

9 Re: Sri Lanka Economy Thu Oct 23, 2014 2:48 pm

kuma524

10 Re: Sri Lanka Economy Thu Oct 23, 2014 2:49 pm

NZ BOY

11 Re: Sri Lanka Economy Thu Oct 23, 2014 2:51 pm

RPPA

12 Re: Sri Lanka Economy Thu Oct 23, 2014 2:55 pm

NC

13 Re: Sri Lanka Economy Thu Oct 23, 2014 2:58 pm

RPPA

14 Re: Sri Lanka Economy Thu Oct 23, 2014 3:01 pm

NC

15 Re: Sri Lanka Economy Thu Oct 23, 2014 3:01 pm

VALUEPICK

16 Re: Sri Lanka Economy Thu Oct 23, 2014 3:01 pm

EPS

17 Re: Sri Lanka Economy Thu Oct 23, 2014 3:04 pm

NC

18 Re: Sri Lanka Economy Thu Oct 23, 2014 3:05 pm

RPPA

19 Re: Sri Lanka Economy Thu Oct 23, 2014 3:08 pm

NC

20 Re: Sri Lanka Economy Thu Oct 23, 2014 3:17 pm

EPS

21 Re: Sri Lanka Economy Thu Oct 23, 2014 3:24 pm

EPS

22 Re: Sri Lanka Economy Thu Oct 23, 2014 4:21 pm

NC

23 Re: Sri Lanka Economy Thu Oct 23, 2014 4:38 pm

fff4sl

24 Re: Sri Lanka Economy Thu Oct 23, 2014 4:58 pm

Balanced_Views

25 Re: Sri Lanka Economy Fri Oct 24, 2014 5:01 am

soileconomy

26 Re: Sri Lanka Economy

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