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Sri Lanka Equity Forum » Stock Market Talk » Daily News Bulletin

Daily News Bulletin

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1 Daily News Bulletin on Sun Oct 22, 2017 10:25 am

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (22.10.2017) NEWS*
1.Sri Lanka hits world record: 8 people commit suicide everyday while 164 attempt to commit suicide 
2. President Sirisena to make state visit to diplomatically-isolated Qatar next week
3. Attorney General's Department names PM Wickremesinghe among next set of  witnesses for the Bond Comm: Internal sources at the Attorney General's Department reveal that key Bond Scam perpetrators may be directly indicted in the High Court
4. Respected Opinion Poll last week shows that 87% say Cost of Living has increased; 89% say Corruption has increased; and 82% say that there is No Transparency in government projects and tenders
5. Local Government Elections now likely to be postponed to March 2018: Western Diplomatic Missions in Colombo and INGOs deafeningly silent about the periodic postponement of elections 
6. Former President Mahinda Rajapaksa predicts pro-Sirisena SLFP will come 3rd or 4th at the LG polls
7.  Government refuses to answer Parliamentary questions on FCID's number of staff, allowances paid, and  their tours abroad
8. Teledrama drone hits beleaguered Former Minister Ravi Karunanayake's controversial Monarch Residencies luxury apartment: Police launch investigation 
9. Sri Lanka's informal sector and it's workforce of over 6 million to be brought into the tax net: Capital Gains Tax to be introduced due to growing investments in capital assets
10. Head Coach, Physiotherapist, Captain and 7 top players pull out of Lahore T20 cricket tour; top cricketer says that in 2009, even with 'Presidential-level' security, the players were attacked by terrorists in Lahore
*Have a corruption-free Sunday*

2 Re: Daily News Bulletin on Mon Oct 23, 2017 7:59 am

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (23.10.2017) NEWS*
1. Kotte Sangha Sabha headed by Chancellor Professor  Bellanwila Wimalarathana Thera says that Constitution making now is not timely
2. TNA and Opposition Leader R. Sampanthan tells UN Special Rapporteur Pablo de Greiff that all persons arrested under the PTA must be released now
3. Businessman who threatened Bond whistle-blower Anika Wijesuriya to be arrested shortly
4. President Sirisena to make yet another announcement today about the Government's stand on SAITM
5. After the discovery that the 'Swan' Party Chairman was a foreign national, Election Commission to now probe citizenship of office bearers of all Parties
6. Minister of Wildlife Gamini Jayawickrema Perera says it is best to allow nature to resolve human-animal conflicts
7. Soldiers deployed to clean up Sri Pada garbage collapse
8. MP Dinesh Gunawardena of the Joint Opposition complains to the Commonwealth Parliamentarians Association about the unjust arrest of JO MPs who participated at the Hambantota Airport Sale Protest
9. Local Government Minister Faizer Mustapha says more Pradeshiya Sabhas will be established in the Nuwara Eliya district
10. Sri Lanka Cricket Board vows to go ahead with Pakistan tour notwithstanding ongoing concerns about security
*Have a conflict-free Monday*

3 Re: Daily News Bulletin on Tue Oct 24, 2017 7:51 am

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (24.10.2017) NEWS*
1. Bar Association expresses grave concerns over proposed Constitutional changes: notes that proposed changes have the effect of converting Unitary character of the state to a Federal structure
2. UN rapporteur Pablo de Greiff expected to submit recommendations for transitional justice after his 14 day visit to Sri Lanka
3. Bond Comm's term to be extended by further 6 weeks by the President: PM's office says PM furnished clarifications to the Bond Comm 
4. Underworld gangster killed in gun battle between a group of supporters of Minister John Amaratunga and Police STF commandos: Minister Amaratunga denies any knowledge
5. Government's stand on SAITM postponed yet again; President Sirisena says government stance will be revealed within the next 2 or 3 days
6. Colombo Municipal Commissioner V K Aruna says that CMC will have to hire a venue such as BMICH to conduct it's sessions if the number of members increases to 110 from the current 52
7. Nationwide Inflation shoots up to near double digits: records 8.6% in September
8. Prime Minister says he would meet the Mahanayaka Theras once the main framework of the new Constitution is completed
9. Corruption Watchdog Organisation says that the increase in interest cost to the people due to the Bond Scam was Rs 200 billion
10. Sri Lanka ODI Cricket suffers 3rd series whitewash and 12th consecutive loss in match against Pakistan in Sharjah
*Have a sporty Tuesday*

4 Re: Daily News Bulletin on Wed Oct 25, 2017 10:07 am

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (25.10.2017) NEWS*
1. The Government now announces that Local Government elections would be held in January 2018: Polls chief still silent
2. Flyover repairs on Colombo-Kandy Road at snail's pace
3. Another letter signed by over 100 high level Members of the Buddhist clergy requesting the discontinuance of the Constitution making process, sent to President and PM 
4. Joint Opposition MP says that LTTE diaspora is attempting to push its agenda through the proposed new Constitution
5. Foreign Secretary Prasad Kariyawasam says Sri Lanka-UN relationship is now at its best
6. Minister John Seneviratne says although those in government claim that the SLFP is gaining, when they visit the villages it is quite different
7. Treasure hunters damage centuries-old Buddha statue in Galle
8. Sri Lanka to get USD 73 million from Saudi Fund for Development
9. Think tank highlights serious lapses in country's budget process and says fate of 51% of 2017 budget promises unknown
10. Two Senior Ministers in a major effort to save 2 underworld gangsters suspected of murders, robbery and extortion
*Have a well-protected Wednesday*

5 Re: Daily News Bulletin on Fri Oct 27, 2017 10:36 am

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (27.10.2017) NEWS*
1. Northern Province tense: massive protests and demonstrations in Jaffna, Mullativu,  and many other cities: no court orders to stop protests and no arrests reported
2. Bond Comm to recommence sittings on 2nd November: Central Bank Public Debt official Pathmanathan seeks order from Supreme Court not to interdict him or indict him in relation to Bond scam
3. Large number of  Ministers accompany President Sirisena on his visit to diplomatically-isolated Qatar
4. Foreign Ministry Official says that Government won't act on Lord Naseby's statement which stated that the casualties at the final stages of the war was not 40,000 but 8,000
5. Former Darusman panel member Yasmin Sooka wants 25 senior security forces officers to be arrested if and when  they travel abroad
6. Sri Lanka imports 73,138 metric tons of fish valued at Rs 23,026 Million in the first 8 months of 2017
7. Banks minimum capital increased by 100% to Rs 20 billion by 2020; small banks given choice to merge or raise new capital
8. SLFP General Secretary deleted Dissanayake says if former President Mahinda Rajapaksa is an obstacle, the SLFP will put him aside and move forward; in the meantime, 2,167 out of 2,332 (93%) former SLFP Pradeshiya Sabha members want to contest under Sri Lanka Podujana Peramuna ticket
9. Sports Minister Jayasekara denies ordering the team to use witchcraft to win test series against Pakistan; Sri Lanka crashes to heavy defeat in first T20 match against Pakistan and maintains pathetic losing trend; top officials carry on regardless
10. "Nutritious meals for school children is my dream" says Education Minister Akila Viraj Kariyavasam
*Have a nutritious Friday*

6 Re: Daily News Bulletin on Sat Oct 28, 2017 4:24 pm

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (28.10.2017) NEWS*
1. US aircraft carrier Nimitz, the flagship of the Nimitz Carrier Strike Group, together with 6 attack ships arrive at Colombo Port: the first time an aircraft carrier has docked in Sri Lanka since 1985
2. President Sirisena orders to temporarily suspend issuing of licences to transport cattle 
3. British Government shelves Report which shows that Sri Lankan security forces have not committed war crimes during the last stages of the war
4. Gazette notice in relation to Local Government elections likely to be issued next week
5. Smart Identification Card launched by the Department of Registration of Persons
6. PM Wickremesinghe says Sri Lanka Ports should co-operate more with South Indian states
7. Sri Lanka's economy has strengthened under Yahapalana government says PM Wickremesinghe
8. National Professionals Front Chairman Dr. Anuruddha Padeniya says new Constitution would break up country into 9 pieces, and that professionals cannot permit country to be destroyed before our children's eyes
9. Mother, two sons and daughter found dead from poisoning in Jaffna: brother says she was in acute debt and money lenders had troubled her: husband alleged to have committed suicide earlier due to debt problems
10. Big Onion farmers threaten suicide unless their cultivation loans are written off by one-half by the government
*Have a tolerant Saturday*

7 Re: Daily News Bulletin on Sun Oct 29, 2017 12:00 pm

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (29.10.2017) NEWS*
1. PM Wickremesinghe says that Sri Lanka could work in cooperation with Southern Indian states and take the GDP to USD 1,000 billion in 10 years: GDP in 2014 was USD 79.3 billion and by 2016 it had increased to USD 81.3 billion
2. Sri Lanka to use funds received to pay compensation to Sri Lankans who lost jobs in Kuwait, but remaining unpaid amounting Rs 3.2 billion to start Migrant Worker Pension Scheme
3. Qatar Airways to begin talks with SriLankan Airlines about a partnership arrangement: Head of Qatar Airways reported to have said previously that SriLankan Airlines needs a good "hair-cut"
4. BOI allows Indian company to set up a footwear factory in Negombo at a investment of US 269,581only: Local industries displeased
5. Over 50% of the capital expenditure of Rs 610 billion allocated from the 2017 budget, not utilised
6. New regulations promulgated to ban extraction of toddy from coconut trees: ban expected to greatly impact Southern and Western regions where many are employed as toddy tappers
7. Tourist Hotels Association President Sanath Ukwatte says hotel industry needs additional 250,000 workers by 2025 to supplement current workforce of 350,000
8. Crisis in Lankan hotels likely to worsen in winter season: Room rates lower than in war period
9. UN Special Rapporteur Pablo de Greiff makes recommendations for reconciliation: Set up hybrid courts, remove security forces from the North, and rehabilitate LTTE graveyards
10. President Sirisena's son, Daham accompanies  him to Qatar and participates at the official banquet only
*Have a family-centred Sunday*

8 Re: Daily News Bulletin on Sun Oct 29, 2017 11:28 pm

sheildskye

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Manager - Equity Analytics
Manager - Equity Analytics
Weak governance- not good governance

9 Re: Daily News Bulletin on Fri Nov 10, 2017 9:30 am

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (10.11.2017) NEWS*
1. Taxes to be collected from people and businesses to double from 2014 to 2018;
(Rupees billions): Income tax - 198 to 375; Tax on Goods and services - 616 to 1,239; Tax on external trade - 236 to 420; 
Total - 1,050 to 2.034
2. Wide-ranging new taxes imposed via Budget 2018 by Finance Minister Mangala Samaraweera:
Import tax on diesel three wheelers;
Cellular tower levy;
Plastic resin tax; Volume excise duty; Sugar tax; Toddy and Liquor NBT; Luxury vehicle tax; 'Debt Repayment Levy'; Carbon tax on mobikes, cars and buses
3. Restrictions on land and condominium ownership by foreigners lifted; beer taxes reduced; Sports shoes tax removed; Electric cars duty reduced; Tax on cutting and polishing rough precious stones removed
4. Finance Minister hints at listing Bank of Ceylon and Peoples' Bank on stock market
5. UNP backbenchers want to question President Sirisena as to who found fault with him for appointing the Bond Comm
6. Ceylon Petroleum Corporation says petrol distribution will return to normal since they received a shipment of petrol from Dubai
7. Now-defunct Provincial Councils can't make payments without Chief Ministers' approval says former Central Bank Governor Ajith Nivard Cabraal
8. Military expresses shock at Darusman Committee member and well-known LTTE sympathiser Yasmin Sooka's attacks on Gotabaya Rajapaksa, Major General Shavendra Silva and 58 division, alleging War crimes
9. Former Justice Minister Wijeyedasa Rajapakshe says racket in existence in UK to secure asylum for 'refugees' by falsely alleging rape and torture
10. Former Test cricketer Chandika Hathurusinghe set to be appointed as Sri Lanka's Coach
*Have a well-budgeted Friday*

10 Re: Daily News Bulletin on Sat Nov 11, 2017 3:28 pm

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Vice President - Equity Analytics
Vice President - Equity Analytics
*TODAY'S (11.11.2017) NEWS*
1. Deputy Minister Harsha De Silva says 'Debt repayment levy' will help to to pay back Public Debt; Levy expected to raise Rs.20 billion in 2018; Debt raised by present Govt from 01.01.2015 to 30.06.2017 - Rs.2773 billion. 
2. Joint Opposition says budget prepared in line with IMF requirements
3. Most vehicle prices increase significantly, while few have decreased
4. TNA and Opposition Leader R  Sampanthan  requests President Sirisena to release 132 acres of Army held land in Mullativu before 23 November, as promised
5. Megapolis Minister Champika Ranawaka says Ambatale Dam in danger of collapse during a heavy shower, and entire Colombo city and Parliament would be inundated
6.Telecommunication Regulatory Commission blocks website in order "to counter propaganda campaigns undertaken by a section of the media"
7. Agriculture Ministry pays electricity bills totalling over Rs.5 million for 3 months, for unoccupied building
8. State Education Minister V Radhakrishnan says he will decide whether to stay in government, on 23rd November
9. Passport and National Identity Card issue charges increased by 15% from 1st January 2018
10. Finance Minister Mangala Samaraweera says beer is better than sweetened drinks
*Have an intoxicating Saturday*

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