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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PM outlines economic reforms in parliament

PM outlines economic reforms in parliament

+3
nimantha80
troy
Harry82
7 posters

Go down  Message [Page 1 of 1]

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Key points:
– 10 lakhs jobs to be created
– budget deficit to be reduced to 3.5 percent by 2020
– world economic environment will be tough next year
– steps to increase international trade with trade agreements with India, China, explore impact of TPP
– State Holding Corporation Limited to be created for public enterprises
– Public Enterprise Act to be enacted
– Special Purpose Vehicle for state enterprises
– International Trade Agency to be set up- Merger of EPF and ETF with management outside of Central Bank
– Retrospective taxes to be abolished
– Tea Industry Committee to improve the industry
– Sri Lanka to give freehold lands, houses to public
– Plans for a low tax regime
– Measures to be taken to plug exports to global value chains

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

 -  Exchange control responsibility to be removed from Central Bank
– Super Gains Tax to be discontinued
– Special Business Area in Colombo
(Updating)

troy

troy
Moderator
Moderator

Tomorrow it will be dark green... what u guys say?

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

troy wrote:Tomorrow it will be dark green... what u guys say?
System was cautious.Now we move away from below 7000 fear. alien alien

Mr.GP

Mr.GP
Equity Analytic
Equity Analytic

ONOMYNEXT - Sri Lanka will sell-off 'non-strategic' firms in the stock exchange and infrastructure agencies will be allowed to raise capital through special purpose vehicles, Prime Minister Ranil Wickramasinghe said.

There were several 'non-strategic' firms including those that had ended up in government hands accidentally, which will be sold off in the Colombo Stock Exchange, Wickremesinghe told parliament delivering a policy statement similar to the first section of a budget speech.

These included several hotels and Lanka Hospitals, he said.

Infrastructure and support firms will also be allowed to raise capital through the stock exchange through Special Purpose Vehicles, Wickramasinghe said.

He said a limited company called the Public Wealth Trust will be set up to own other state enterprises styled after Temasek Holdings of Singapore. (Colombo/Nov05/2015)

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

PM N RAVI is living in two different world

PM for low tax regime vs RAVI increasing tax regime
PM no super gain tax vs RAVI for it

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Mr.GP wrote:ONOMYNEXT - Sri Lanka will sell-off 'non-strategic' firms in the stock exchange and infrastructure agencies will be allowed to raise capital through special purpose vehicles, Prime Minister Ranil Wickramasinghe said.

There were several 'non-strategic' firms including those that had ended up in government hands accidentally, which will be sold off in the Colombo Stock Exchange, Wickremesinghe told parliament delivering a policy statement similar to the first section of a budget speech.

These included several hotels and Lanka Hospitals, he said.

Infrastructure and support firms will also be allowed to raise capital through the stock exchange through Special Purpose Vehicles, Wickramasinghe said.

He said a limited company called the Public Wealth Trust will be set up to own other state enterprises styled after Temasek Holdings of Singapore. (Colombo/Nov05/2015)
HOTELS-AHPL,AHUN,CONN,TAJ,KHL,CHOT,TRAN  they have more.

EquityChamp

EquityChamp
Moderator
Moderator

There will be more listings in the CSE. I think SLIC is also on the cards. Lets see. I think these goals are good for CSE and CSE should react positively.

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

State owned hotels will be sold off, which they have majority control. most of the shares you mentioned are just small stakes they have invested in those hotels.  

Govt wont sell AHUN, those are investments.

troy

troy
Moderator
Moderator

list and then sell off..

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I dont think they will list companies like BOC Peoples Bank n SLIC cause treasury always takes out the profits from those to finance other loss making state institution. Look at how much they have taken out of Peoples Bank Profits.  

If they list those, for them to take out money will be difficult cause they have to declare dividend and take out the money.

EquityChamp

EquityChamp
Moderator
Moderator

capitallinkceylon wrote:I dont think they will list companies like BOC Peoples Bank n SLIC cause treasury always takes out the profits from those to finance other loss making state institution. Look at how much they have taken out of Peoples Bank Profits.  

If they list those, for them to take out money will be difficult cause they have to declare dividend and take out the money.

Listing will be only non-strategic ones Entities like Peoples Bank, BOC, NSB, SPC, SLTB, CGR. Electricity Board, etc will remain as it is.

dsam

dsam
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Harry82 wrote:Key points:
– 10 lakhs jobs to be created
– budget deficit to be reduced to 3.5 percent by 2020
– world economic environment will be tough next year
– steps to increase international trade with trade agreements with India, China, explore impact of TPP
– State Holding Corporation Limited to be created for public enterprises
– Public Enterprise Act to be enacted
– Special Purpose Vehicle for state enterprises
– International Trade Agency to be set up- Merger of EPF and ETF with management outside of Central Bank
– Retrospective taxes to be abolished
– Tea Industry Committee to improve the industry
– Sri Lanka to give freehold lands, houses to public
– Plans for a low tax regime
– Measures to be taken to plug exports to global value chains



DAY DREME


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