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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

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Latest topics

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

» CCS.N0000 ( Ceylon Cold Stores)
Budget 2016 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

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

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

» Dividend Announcements
Budget 2016 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Budget 2016 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

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

» SEYB.N0000 (Seylan Bank PLC)
Budget 2016 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 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
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» In the Meantime Within Our Shores!
Budget 2016 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Budget 2016 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

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

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

» Equinox ( වසන්ත විෂුවය ) !
Budget 2016 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

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

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

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

» Do You Have Computer Vision Syndrome?
Budget 2016 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

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

» What a Bank Run ?
Budget 2016 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Budget 2016 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

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

» Cboe Volatility Index
Budget 2016 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Budget 2016 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

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

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

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

» Bitcoin and Cryptocurrency
Budget 2016 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Budget 2016 EmptyFri Mar 10, 2023 10:38 am by yellow knife

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

» Bakery Products ?
Budget 2016 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

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

» Going South
Budget 2016 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Budget 2016 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Budget 2016 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
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» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Budget 2016 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

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

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

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

» Banks, Finance & Insurance Sector Chart
Budget 2016 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

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

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

» WATA - Watawala
Budget 2016 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

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

» Capital Trust Broker in difficulty?
Budget 2016 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

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

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

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

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    Budget 2016

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    Post by puliyanam Fri Nov 20, 2015 1:48 pm

    Hope Ravi K delivers some goods to the Market and economy Very Happy
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    Post by Backstage Fri Nov 20, 2015 2:10 pm

    Puli, RK said to expect a storm, but today is the best weather we have had in some time. So much for Fat Friday ! Rolling Eyes
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    Post by Backstage Fri Nov 20, 2015 2:47 pm

    So far no signs of a revolution in the Pitakotte area, though some serious discussion on the ceiling price of plain tea has been observed since last night. Suspect

    Can we expect a ball-by-ball commentary from Sashi ? Basketball
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    Post by sashimaal Fri Nov 20, 2015 2:51 pm

    Live feed:

    https://www.youtube.com/watch?v=vz7n-jGZPQs
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    Post by puliyanam Fri Nov 20, 2015 2:51 pm

    Key points:

    – Budget will provide Sri Lanka a new beginning for the development of the country
    – Attention on agricultural development to become the rice grannery of Asia
    – Sri Lanka is faced with a difficult economic environment
    – Special attention to develop state enterprises neglected by the former regime and to create more international trade
    – Tourism faced setbacks in the past after some tourists faced violence in the island
    – Finances were heading down a dangerous path under previous government even after the end of the war
    – We have inherited a difficult situation with the budget deficit
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    Post by HUNTER Fri Nov 20, 2015 2:56 pm

    Thanks. Keep going Puli.
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    Post by puliyanam Fri Nov 20, 2015 3:01 pm

    Reiterated his request for expats to bring back undeclared funds
    – Criticizes irregularities, high debt cost on large infrastructure projects of the previous government
    – We have to pay attention to savings, be careful with tax payers’ money
    – Tax reform is necessary to increase revenues
    – Taxes should be simplified for ordinary people to understand. Value added taxes was down to 26 percent of government’s revenue in 2014 from 40 percent in 2005
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    Post by puliyanam Fri Nov 20, 2015 3:19 pm

    Productivity, skills and effeciency of public sector should be improved.

    14: 56 - Majority of those who can afford to pay taxes are not incldued in the present public taxing schemes

    14: 55 - Outdated regulations included in a majority of the 35 varieties of taxes and other service charges imposed on people at present

    14: 51 - Debt servicing resulted due to exobitant amounts of foreign debt obtained by previous regime, has imposed a limitation in spending

    14: 47 - Although it was made to seem as if SL had achieved a fast paced economic growth during the former government- the country was in fact saddled with a large amount of foreign debt

    14: 46 - Sri Lankans should take into account the famous words of US President John F. Kennedy - "ask not what your country can do for you--ask what you can do for your country."
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    Post by puliyanam Fri Nov 20, 2015 3:25 pm

    – It is questionable why Sri Lanka took a long time to implement zero budgeting system
    – From 2016 January, a new zero based budgeting system to be applied, government institutions should justify expenditure headings. Most countries uses such policies based on accounting principles.
    – Pension system will be a huge burden in the future to tax payers. New government servants should have a new pension scheme reducing recurrent expenditure
    – Dramatic fall in tax revenue from 19 percent of GDP in 1990 to 10.2 percent in 2014
    – Government debt to GDP ratio is 72 percent
    – Public and private sector partnership for the construction of budget houses for middle level income earners needed
    – Railway system will be modernised to meet demand and minimize traffic on the roads that is a drain on productivity
    – Committee to develop SME business sector
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    Post by puliyanam Fri Nov 20, 2015 3:33 pm

    :13 - Public sector transportation to be developed



    15:11 - Government and private sector collaboration to initiate housing projects for low and middle income level families

    15:10 - Measures should be taken to ensure rapidly increasing cancers, kidney disease and dengue epidemic cases are minimized

    15:10 - Aging population should be provided with healthcare schemes.

    15:07 - Modernisation of education sector needed - students' life skills and independant thinking should be nurtured. Exam centered education system should be replaced with a skills-centered scheme.

    15:05 - Trend of low level of private investments which was at about 22% during the past few years, has to be changed

    15:02 - Measures should be implemented to organise and manage the rising pension payments owing to the rise in aging population
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    Post by Backstage Fri Nov 20, 2015 3:36 pm

    Wow , Puli very impressive. Keep it going.
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    Post by The Alchemist Fri Nov 20, 2015 3:41 pm

    Good on you Puli. thanks a lot. BTW for you Budget watchers, 160 hostages taken in Mali @ Radisson Hotel - CNN
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    Post by puliyanam Fri Nov 20, 2015 3:43 pm

    Proposals
    – Committee to develop SME business sector
    – Policy for micro, small and medium entrepreneurs to cover all issues, regulate the sector
    – 500 million rupee initial fund to protect micro, small and medium scale sector
    – Micro, small and medium entrepreneurs to get 50 percent discount on income tax from April 2016
    – Selected lenders will finance Micro, small and Medium entrepreneurs without collateral
    – Venture Capital will be availble for startups
    – Incubators to be set up in mini industrial parks across the country and private sector companies invited to operate in them. A three years tax cut of 50 percent to be granted.
    – Need to convert agriculture to agribusiness; Rs1000mn provision for a program to convert underutilized state lands to agricultural lands
    companies that promote greenhouse technology and drip irrigation to be provided 50 percent tax cut in order to encourage the production of high yielding seeds.
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    Post by කිත්සිරි ද සිල්වා Fri Nov 20, 2015 3:52 pm

    Thanks Pully. Very Happy
    (Wow " Drip irrigation to be provided 50 percent tax cut " ).
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    Post by sashimaal Fri Nov 20, 2015 3:55 pm

    Thanks Puliy Smile
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    Post by Backstage Fri Nov 20, 2015 3:56 pm

    Help for Chicken exporters.
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    Post by puliyanam Fri Nov 20, 2015 3:57 pm

    – Maximum retail price of a 400g packet of local milk will be reduced from Rs325 to Rs295, Subsidy of Rs30 to those produce 400g milk; Rs1000 million to be used for the project
    – Fisheries Industry: We export 150 million dollars worth fish annually. To encourage local industry I propose, 1 million life insurance for fisherman. Also we encourage tin fish production. Accordingly 300 million rupee concession to be given to Lak Sathosa to see tin fish at a price of 125 rupees.
    – Tea Sri Lanka has less value-added tea in the market. So we encourage more value added tea based products.
    An Active Committee would be establish to look over tea industry. We are planning to move towards to a Tea blending country. But to protect the “Ceylon Tea branding” I propose to look into labeling strictly.
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    Post by කිත්සිරි ද සිල්වා Fri Nov 20, 2015 4:00 pm

    " Tea Sri Lanka has less value-added tea in the market. So we encourage more value added tea based products ".

    Good move. Very Happy
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    Post by puliyanam Fri Nov 20, 2015 4:07 pm

    – Two year tax exemption for Tea and Rubber growers
    – New economic zone in Vavniya to be setup
    – 750 million rupees allocated for the harbor development of Chilaw, Mirissa, Kalmuniai, Karainagar, Poornawella
    – Sri Lanka to give 50 permits through Central Bank to import gold.
    – Auctions for gems to be held in the country
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    Post by puliyanam Fri Nov 20, 2015 4:09 pm

    5:47 - SL being a location free of bird-flu has opened up export markets for poultry, particularly in the Middle Eastern region
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    Post by puliyanam Fri Nov 20, 2015 4:12 pm

    Gem and jewelry auctions will be held in Sri Lanka every April and in October with an intention to get a better rate
    – Investor friendly foreign exchange control
    – Liberalising the lubricant market, remove lubricants from BOI negative list
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    Post by puliyanam Fri Nov 20, 2015 4:13 pm

    LLUB and LIOC?
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    Post by Axe Fri Nov 20, 2015 4:15 pm

    More proposals towards Rubber and Tea industry! Sha!
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    Budget 2016 Empty Re: Budget 2016

    Post by puliyanam Fri Nov 20, 2015 4:16 pm

    – Abolish SIA Securities Investment Accounts, propose investors to be allowed to bring in money through any bank account
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    කිත්සිරි ද සිල්වා
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    Budget 2016 Empty Re: Budget 2016

    Post by කිත්සිරි ද සිල්වා Fri Nov 20, 2015 4:19 pm

    Looks investor friendly on the face value of it but will it not open a back door for many others?
    puliyanam wrote:– Abolish SIA Securities Investment Accounts, propose investors to be allowed to bring in money through any bank account

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    Budget 2016 Empty Re: Budget 2016

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