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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka Rupee Exchange Rate

Sri Lanka Rupee Exchange Rate

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ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka has to stabilize exchange rate, simplify taxes: Rajapaksa

Oct 31, 2018

Sri Lanka has to stabilize the exchange rate, simplify taxes and localize the economy, Mahinda Rajapaksa who was appointed finance minister by President Maithripala amid an intensifying political crisis, said after assuming duties.

"We have to stabilize the exchange rate, we have to protect foreign reserves," Rajapaksa said.

"We have to boost exports and tourism. Taxes have to be simplified."

He said the ability to pay has to be considered when charging taxes.

Local businesses have to take the lead in taking the economy forward and the 'foreignization' (videshakaranaya) of the economy has to be halted he said.

Rains have also come for farmers probably as a good omen of the government change, which will help farming and power generation, Rajapaksa said.

The fuel pricing formula has introduced too much uncertainty and a different mechanism will have to be found the adjust prices he said like in the past.

Sri Lanka was made self sufficient in maize he said.
https://economynext.com/Sri_Lanka_ha...3-12406-1.html

2Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Wed Oct 31, 2018 10:41 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:Sri Lanka has to stabilize exchange rate, simplify taxes: Rajapaksa

Oct 31, 2018

Sri Lanka has to stabilize the exchange rate, simplify taxes and localize the economy, Mahinda Rajapaksa who was appointed finance minister by President Maithripala amid an intensifying political crisis, said after assuming duties.

"We have to stabilize the exchange rate, we have to protect foreign reserves," Rajapaksa said.

"We have to boost exports and tourism. Taxes have to be simplified."

He said the ability to pay has to be considered when charging taxes.

Local businesses have to take the lead in taking the economy forward and the 'foreignization' (videshakaranaya) of the economy has to be halted he said.

Rains have also come for farmers probably as a good omen of the government change, which will help farming and power generation, Rajapaksa said.

The fuel pricing formula has introduced too much uncertainty and a different mechanism will have to be found the adjust prices he said like in the past.

Sri Lanka was made self sufficient in maize he said.
https://economynext.com/Sri_Lanka_ha...3-12406-1.html
Looks like Wele Sutha saying to prevent drug traffiking... Very Happy Very Happy Very Happy

3Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Wed Oct 31, 2018 11:19 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka Rupee Exchange Rate F7910

4Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Nov 01, 2018 10:11 am

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ruwan326 wrote:Sri Lanka has to stabilize exchange rate, simplify taxes: Rajapaksa

Oct 31, 2018

Sri Lanka has to stabilize the exchange rate, simplify taxes and localize the economy, Mahinda Rajapaksa who was appointed finance minister by President Maithripala amid an intensifying political crisis, said after assuming duties.

"We have to stabilize the exchange rate, we have to protect foreign reserves," Rajapaksa said.

"We have to boost exports and tourism. Taxes have to be simplified."

He said the ability to pay has to be considered when charging taxes.

Local businesses have to take the lead in taking the economy forward and the 'foreignization' (videshakaranaya) of the economy has to be halted he said.

Rains have also come for farmers probably as a good omen of the government change, which will help farming and power generation, Rajapaksa said.

The fuel pricing formula has introduced too much uncertainty and a different mechanism will have to be found the adjust prices he said like in the past.

Sri Lanka was made self sufficient in maize he said.
https://economynext.com/Sri_Lanka_ha...3-12406-1.html

First Stabilize the premiership which was robbed. Hope the days are numbered.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

5Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Nov 01, 2018 11:55 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ranferdi wrote:
@ruwan326 wrote:Sri Lanka has to stabilize exchange rate, simplify taxes: Rajapaksa

Oct 31, 2018

Sri Lanka has to stabilize the exchange rate, simplify taxes and localize the economy, Mahinda Rajapaksa who was appointed finance minister by President Maithripala amid an intensifying political crisis, said after assuming duties.

"We have to stabilize the exchange rate, we have to protect foreign reserves," Rajapaksa said.

"We have to boost exports and tourism. Taxes have to be simplified."

He said the ability to pay has to be considered when charging taxes.

Local businesses have to take the lead in taking the economy forward and the 'foreignization' (videshakaranaya) of the economy has to be halted he said.

Rains have also come for farmers probably as a good omen of the government change, which will help farming and power generation, Rajapaksa said.

The fuel pricing formula has introduced too much uncertainty and a different mechanism will have to be found the adjust prices he said like in the past.

Sri Lanka was made self sufficient in maize he said.
https://economynext.com/Sri_Lanka_ha...3-12406-1.html

First Stabilize the premiership which was robbed. Hope the days are numbered.
I thought it was the Central Bank that was robbed and the Premier was removed by the President lawfully. B'cos if there was anything unlawful the affected party would have gone to Supreme Court to reverse President's decision of removal.

6Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Fri Nov 02, 2018 3:27 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[size=48]Harsha blames MR for ruining economy[/size]





Comments / Sri Lanka Rupee Exchange Rate V-icon4  30 Views / Friday, 2 November 2018 00:00

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 Sri Lanka Rupee Exchange Rate Image_741e57cd43

  • Says political turmoil is prompting rating agencies to tag SL as credit negative  
  • IMF staff level agreement postponed 
  • Claims stock market rise due to manipulations by a handful of people 
  • Worried CB fighting lone battle to hold rupee 

[size]
 United National Party (UNP) yesterday blamed the current political crisis of the country having a detrimental effect on Sri Lanka’s economy with agencies threatening to downgrade the country’s credit ratings

The Deputy Minister of State for National Policies and Economic Affairs of the Sirisena-Wickremesinghe Government Dr. Harsha De Silva claimed that the country’s economy has taken a serious blow to fulfil selfish political ambitions of a handful of people.

“People should know what has happened to Sri Lanka’s economy by this situation. The credit rating agencies are threatening to downgrade our country. We hear that the Central Bank was in desperate discussions yesterday with the credit agencies to prevent this. The IMF has not finalised an agreement that was supposed to be signed on Monday. It is the people who will pay,” he said, speaking at a media briefing held at Temple Trees, the Official Residence of the Prime Minister.  

According to him, the International Monetary Fund (IMF) has put on hold a staff level agreement which was to be signed with the Ministry of Finance on Monday. 

Following the constitutional crisis that developed over the weekend, the IMF has put the matter on hold, he said  

The UNP, which has made Temple Trees the battle headquarters of the Party, called on the Rajapaksa faction to ‘rescue the rupee’ as they claimed they would after taking over the Government. 

“The rupee continues to still fall. Now at least they should realise that it was not a political issue linked with our Government, but an issue with the current situation in the international market,” Dr. de Silva claimed. 

“Where are the so-called economic experts now? They should have been able to strengthen the currency as they said. It should have been brought to Rs. 150 per dollar by now,” he charged, adding that one of the country’s main foreign exchange earners, tourism, has taken an even more serious hit due to the current political situation. 

“Sri Lanka was named the top destination only a week ago. Today, there are travel advisories against coming to Sri Lanka. Tickets have been cancelled. They have undone everything we worked so hard to build,” he said.  

The international Bonds have taken a serious hit, he said, claiming that some interest has shot up. 

Dr. de Silva claimed that the stock market turning bullish was a result of manipulation by a handful of people where pump and dump was being practiced. 

“They can raise it only to dump later,” he claimed. 

Confident of regaining power by next week, Dr. de Silva claimed that they have given assurances that the economy which the “UNP worked hard to restore”, will be back to normal soon. 

“Investors rating agencies are in dialogue with us and we have said that this setback is temporary, and we have told them the economy will be back to normal. We have today and tomorrow before Mahinda Rajapaksa, the bogus Finance Minister, goes home on Monday. It is now evident to everyone that they cannot do any of the things they claimed. It was only shop talk,” he said.  

[/size]

7Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Fri Nov 02, 2018 11:32 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Remember the foot note clique. The threats leveled at former COPE chairman Sunil Handunnetti.
Credibility in QUESTION???????????????

8Sri Lanka Rupee Exchange Rate Empty Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 4:14 pm

Teller

Teller
Moderator
Moderator
Another record breaking year. This kind of scenario stocks should down , experience  investors gradually selling. Less experience retailers are buying.

9Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 4:57 pm

ThilinaM

ThilinaM
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@teller -even ASPI is drop 20% from all time high some sharesa are 50% crashed or compared to all time high 65% crashed like banks. are you against buy Sampath @ 150 levels for 10 year period??

10Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:05 pm

Teller

Teller
Moderator
Moderator
I hold sampath as investment , bought 6 years before.
I use the special shrare holder service desk when im in sri lanka. Do you know??, if you have 1 share of Sampath, you are entitle for special benifits


_________________




Teller said is said..

11Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:09 pm

Hope123


Stock Analytic
Stock Analytic
@Teller wrote:I hold sampath  as investment , bought 6 years before.
I use the special shrare holder service desk when im in sri lanka. Do you know??, if you have 1 share of Sampath, you are entitle for special benifits
wow, super NE  Wink

Would you mind letting us know what are those benefits are. thanks.

12Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:11 pm

Teller

Teller
Moderator
Moderator
If i visit kegalle branch, they treat me a cup of ceylon tea. Typically kegalle,kandy,mathale people have more hospitality characteristics 😂😂😂


_________________




Teller said is said..

13Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:12 pm

Hope123


Stock Analytic
Stock Analytic
Laughing Laughing Laughing
@Teller wrote:If i visit kegalle branch, they treat me a cup of ceylon tea. Typically kegalle,kandy,mathale people have more hospitality characteristics 😂😂😂

14Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:13 pm

Teller

Teller
Moderator
Moderator
😂😂😂no 1 beniit,

NO NEED TO BE IN WAITING..NO NEED TO FILL THE FORMS


_________________




Teller said is said..

15Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:15 pm

Teller

Teller
Moderator
Moderator
havent your guys tried? There is a special share holder counter in any main branches .


_________________




Teller said is said..

16Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:45 pm

ThilinaM

ThilinaM
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Teller - No need special treatments . me para divident eka adu nokara dunnoth athi

17Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:48 pm

ThilinaM

ThilinaM
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Teller - Even you accept or not some bank shares are very less risky at current prices. specially SAM/NDB /COMMERCIAL  thease are divident paying stocks .

You didnt answer my question. do you recomend SAMPATH @ 150 levels???
Do your boss will fire you if you tell the thruth???  Twisted Evil Twisted Evil Twisted Evil Twisted Evil

18Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:52 pm

ThilinaM

ThilinaM
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
what i beleave is .if economy turns sam will easyly hit 80 EPS within 2 /3 years share price will plumet.
patience is required. i have studied this stock from past 10 year annual reports . thease kind of EPS contractions will be there at SAM for few years and Again EPS will become high. its very unlikely. i think next 10 year SAM range is 140 low to 1000+ high. 150 levels is less risky according to my view

19Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:52 pm

KavinduTM

KavinduTM
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ThilinaM wrote:@Teller - No need special treatments . me para divident eka adu nokara dunnoth athi
hahahah 😂

20Sri Lanka Rupee Exchange Rate Empty Re: Sri Lanka Rupee Exchange Rate on Thu Jan 09, 2020 5:55 pm

ThilinaM

ThilinaM
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
still 181.83 men if raised to 188 it will only be 3.5% increase . most of my investment retuens EPS/Price is like 20%+ who care 3%. loss company or 1 year loss 1 year profit company gatta unta nan kelawei.
i think next big loss to tokyo.N and X

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