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Sri Lanka Equity Forum » Stock Market Talk » WEEKEND EVENTS NOTED

WEEKEND EVENTS NOTED

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1 WEEKEND EVENTS NOTED on Sun Nov 06, 2016 7:41 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
As weekend newspapers reveal-
- Certain budget proposals in 2016 not yet inactivate in parliament. 2017 budget is around corner.. 
- Effective 1st Nov. taxes increase on Allion/Premio/Vezel from Rs. 250,000 to 300,000
- RK promised two months before no changes to car taxes for the next 2 years
- Huge drop in tax revenue due to low car imports
- 25 COPE reports made during MR regime swept to under the carpet
- Mafia supplying house servants from upcountry strength cheating householders.
- Expatriates remittance drops due to oil gut in Middle east
- Revenue from tourism drops
- New IPOs delayed due to political/economic instability
- HSBC HR top guy on voluntary retirement due to many findings
- Sampath /Seylan banks growth momentum continues
- JO/UNP/SLFP members fingering each other as thieves,corrupted
- Share market degree of uncertainty poses coming election.
- Positive is world bank fund come in for capital market development
- Skepticism of RW's capital market strategy 2016-2020

Authenticity is not guaranteed as media behaves differently.

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