FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» CSE - The World's best performer!
by Promoney Today at 8:27 am

» Daily Foreign Transactions
by Promoney Today at 8:27 am

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by stockie Today at 7:27 am

» DIPD/HAYC/HAYL
by Eranga87 Today at 1:54 am

» IS it right time to stick to warren buffett's most famous saying ???
by kasun_gimhana Today at 12:36 am

» EBCR group of companies
by Wolf86 Yesterday at 10:30 pm

» GLAS will be winner with Super Gain.
by Promoney Yesterday at 7:29 pm

» Use the Ten Principles of Value Investing to spot value stocks in the oversold market
by EquityChamp Yesterday at 5:44 pm

» HATTON NATIONAL BANK PLC
by ADVENTUS Yesterday at 4:22 pm

» Investor sentiment - will there ever be a recovery?
by xhunter Yesterday at 4:19 pm

» The strong learn to hang in there and keep bouncing back until they win. Stock market for beginners
by Asoka Samarakone Yesterday at 4:04 pm

» Everybody talks about huge selling. That means there are buyers in the market to buy these shares. Stock market for beginners
by samaritan Yesterday at 4:00 pm

» SHOESHINE BOYS!
by Bakkabwoi Yesterday at 2:36 pm

» CSE - Market status
by stockie Yesterday at 1:06 pm

» Guardian Investment Trust (GUAR) could Sky Rocket
by RJ1010 Yesterday at 9:41 am

» CB to continue the current accommodative monetary policy stance
by samaritan Yesterday at 9:18 am

» PANASIAN POWER PLC (PAP.N0000)
by vijay singh Yesterday at 2:26 am

» Maharaja's Advice
by madukp Yesterday at 1:17 am

» Millennial Capital Youtube Channel
by MillennialC Wed Mar 03, 2021 11:54 pm

» Personal Loans in Sri Lanka from Hatton National Bank
by onenine87 Wed Mar 03, 2021 8:34 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » EPF refund proposal by Cabraal

EPF refund proposal by Cabraal

Go to page : 1, 2, 3  Next

Go down  Message [Page 1 of 3]

1EPF refund proposal by Cabraal Empty EPF refund proposal by Cabraal Sun Mar 29, 2020 2:43 pm

Teller

Teller
Moderator
Moderator
Sevaral time Nivad Cabraal tried to robe EPF money. This is his new suggestion . EPF holders be in alert .

"Sri Lanka should return about 20 percent of Employees Provident Fund balance to holders after the Coronavirus pandemic ends as the island no longer had fiscal space to boost the economy after recent tax cuts, a top official said.

Sri Lanka had already given a ‘stimulus’ in the form of a tax cut in January and a debt moratorium after the new administration came to power.

The island did have the fiscal space to give the tax refunds and grants announced by advanced nations, Senior Advisor to the Finance Minister Mahinda Rajapaksa, Nivard Cabraal said. He was also a former central bank governor.

He suggests that 20 percent of each members EPF balances be returned, which will be 500 billion out of a total of 2500 billion in assets.

“This simple and uncomplicated return of capital could be a useful and viable alternative that could achieve the same outcome of serving as an economic stimulus, without any fiscal burden being placed on the Government,” Cabraal said.

“In addition, this newly created “equity” in the hands of around 2,500,000 individuals would expand further and perhaps even double, as many recipients are likely to leverage such funds with borrowings from lending institutions, which would provide a further boost to the economy.”

“By “unlocking” this vast pool of funds at the present time, and through the release of such finances which would be circulating amongst millions of people, many other “knock-on” benefits would also accrue to the people and the economy.”

Cabraal says the benefit would be as follows:

Among such benefits would be:

(1) enhanced economic growth being recorded in the economy due to the higher investment and consumption as a result of the funds infusion.

(2) many persons being able to settle their high interest debt which is presently crippling them.

(3) new business ventures being created as a result of persons with entrepreneurial ideas and abilities being able to embark on new business ventures.

(4) more opportunities opening out for the financial sector to lend, since persons who are embarking on new economic activity are likely to leverage their new equity with debt.

(5) business confidence being enhanced and optimism rekindled due to the higher level of economic activity as a result of investment of the newly released “locked” savings, in the wider economy.

(6) an upturn being recorded in the small-scale construction activity in all parts of the country, which is now at a standstill.

(7) enhanced employment opportunities arising in the Small and Medium Enterprises sector of the country, leading to lower social tensions.

(Cool Government tax revenues improving due to the rise of the level of economic activity throughout the economy.

The funds of the EPF are now held mostly in Sri Lanka government bonds. It is not clear what the effect will be if attempts were made to liquidate bonds.

Meanwhile Sri Lanka’s soft-peg with the rupee had come under severe pressure after a large liquidity injections were made by the Central Bank were made and premiums in the swap markets have disappeared. (Colombo/Mar29/2020)

2EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 2:51 pm

Teller

Teller
Moderator
Moderator
EPF is a retirement saving . Slowly slowly if they vanished the fund , private sector employees have to go home with out having nothing. Now government has forced EPF to invest in government bonds. Thats not fair at all. Earlier Cabraal has vanished EPF by investing sevaral hanky pankys such as sri Lankan catering ,etc.. several time they tried to manipulate EPF fund . Members be on alert for your hard earning money


_________________




Teller said is said..

3EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 2:56 pm

God Father


Manager - Equity Analytics
Manager - Equity Analytics
This will give an opportunity for members to withdraw money before they are 55. This is a payment to members and not an investment. How can there be hanky panky. Dont be biased, this is one of the best proposals.

4EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 4:18 pm

Teller

Teller
Moderator
Moderator
Objective of this fund , especially makes a better retirement for members . Most of the members are having less than 20 lakh earnings . Just calculate 20 lkh to 20% , its just 4 lkh. Imagine what you can do from 4 lakh . People simply spends those money for consumption. This will hit the EPF return on investments too. In current world, its difficult to do the saving especially ordinary people. At least EPF saving gives an appropriate solution for the retirement . Old population is rising in asia , even sri lanka. some saved money should be At the time of your retirement.


_________________




Teller said is said..

5EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 4:32 pm

God Father


Manager - Equity Analytics
Manager - Equity Analytics
By paying 20% to member EPF annual interest cost will reduce. Further circulation of the money with the people will increase the economic activity of the country. With this saving government will be able to pay higher yield for the balance 80%. EPF also will be able to build the fund back to current level within 5 years.
This is a no brainer!

6EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 4:45 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics
@God Father wrote:By paying 20% to member EPF annual interest cost will reduce. Further circulation of the money with the people will increase the economic activity of the country. With this saving government will be able to pay higher yield for the balance 80%. EPF also will be able to build the fund back to current level within 5 years.
This is a no brainer!

@God Father 
Could you please explain to us how could EPF reduces interest cost??

As we were aware, EPF payers return to members out of their earning by investing funds in fixed income securities and equities. To pay 20% to members EPF may need to sell nearly 20% of investment so income also will be lower!

7EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 5:08 pm

God Father


Manager - Equity Analytics
Manager - Equity Analytics
Eg
EPF Fund Before Refund - Rs 1000
Refund 20% - 1000 x 20% = Rs 200
Balance Fund after refund  - Rs 800

Annual EPF yield payable to member- 10%
Annual cost to EPF before refund- Rs 1000 x 10% = Rs 100
Annual cost to EPF after refund - Rs 800 x 10% = Rs 80
Annual saving to EPF - Rs 20
Total paid to members - Rs 100
Recovery period - 100/20  = 5 years



Last edited by God Father on Sun Mar 29, 2020 5:11 pm; edited 1 time in total

8EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 5:10 pm

God Father


Manager - Equity Analytics
Manager - Equity Analytics
@MoneyLover wrote:
@God Father wrote:By paying 20% to member EPF annual interest cost will reduce. Further circulation of the money with the people will increase the economic activity of the country. With this saving government will be able to pay higher yield for the balance 80%. EPF also will be able to build the fund back to current level within 5 years.
This is a no brainer!

@God Father 
Could you please explain to us how could EPF reduces interest cost??

As we were aware, EPF payers return to members out of their earning by investing funds in fixed income securities and equities. To pay 20% to members EPF may need to sell nearly 20% of investment so income also will be lower!

Eg
EPF Fund Before Refund - Rs 1000
Refund 20% - 1000 x 20% = Rs 200
Balance Fund after refund  - Rs 800

Annual EPF yield payable to member- 10%
Annual cost to EPF before refund- Rs 1000 x 10% = Rs 100
Annual cost to EPF after refund - Rs 800 x 10% = Rs 80
Annual saving to EPF - Rs 20
Total paid to members - Rs 100
Recovery period - 100/20  = 5 years

9EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 5:55 pm

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
It is better releasing 20% EPF fund, instead  of money printing

10EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 6:06 pm

Teller

Teller
Moderator
Moderator
This is a well plan game from Cabraal. Currently they have forced to EPF to subscribe government bonds which is having a very less return. As per the current situation , there is no guarantee Employers can contribute their contribution . Even Employees side its a doubt. As EPF has been invested in more money with less liquidity, so they have to liquidate the investment , any fool can understand , this is not the time for encashing investment, this is the time for keep cash and get into investment . We knew cabraal tried sevaral time to touch the EPF but due to members protest they couldnt do so. So many politicians greedy eye sight directly to this fund as it holds trillions.Cabraal tries use this as an opportunity based on the situation.


_________________




Teller said is said..

11EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 6:18 pm

God Father


Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:This is a well plan game from Cabraal.  Currently they have forced to EPF to subscribe government bonds which is having a very less return.  As per the current situation , there is no guarantee Employers can contribute their contribution . Even Employees side its a doubt.  As EPF has been invested in more money with less liquidity,  so they have to liquidate the investment , any fool can understand , this is not the time for encashing  investment, this is the time for keep cash and get into investment . We knew cabraal tried sevaral time to touch the EPF but due to members protest they couldnt do so. So many politicians greedy eye sight directly to this fund as it holds trillions.Cabraal tries use this as an opportunity based on the situation.

EPF biggest investment is Government Bonds. Government Bonds won't fluctuate in price like other investments. It has a fixed return and selling the bond back to the government will not incur any losses to EPF. Your argument is wrong.

This has nothing to do be Cabraal. Benefit comes directly to Contributing Employees.

This is discretionary. You dont won't, you can wait without taking it.

This is a benefit for the poor and not for the rich.

12EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 6:33 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Why 20% give all 100%.Let 69Million get lessons.Now all trade unions become govt stooges. Crying or Very sad Crying or Very sad Crying or Very sad

13EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 6:38 pm

Kipling


Expert
Expert
Mastermind of attack on Zion Church arrested.

14EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 6:42 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Kipling wrote:Mastermind of attack on Zion Church arrested.
Ohhh again Mental back...... Shocked Shocked Shocked

15EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 6:56 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics
@God Father wrote:
@MoneyLover wrote:
@God Father wrote:By paying 20% to member EPF annual interest cost will reduce. Further circulation of the money with the people will increase the economic activity of the country. With this saving government will be able to pay higher yield for the balance 80%. EPF also will be able to build the fund back to current level within 5 years.
This is a no brainer!

@God Father 
Could you please explain to us how could EPF reduces interest cost??

As we were aware, EPF payers return to members out of their earning by investing funds in fixed income securities and equities. To pay 20% to members EPF may need to sell nearly 20% of investment so income also will be lower!

Eg
EPF Fund Before Refund - Rs 1000
Refund 20% - 1000 x 20% = Rs 200
Balance Fund after refund  - Rs 800

Annual EPF yield payable to member- 10%
Annual cost to EPF before refund- Rs 1000 x 10% = Rs 100
Annual cost to EPF after refund - Rs 800 x 10% = Rs 80
Annual saving to EPF - Rs 20
Total paid to members - Rs 100
Recovery period - 100/20  = 5 years


Very very interesting calculation ........  Shocked Shocked

16EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 7:17 pm

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Master plan from the Magician! Smile

Nivard on Siyatha tomorrow morning 7 or 30.For a situation like this Nivard is the best to lead Finance.

17EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 8:12 pm

npgslnawa


Manager - Equity Analytics
Manager - Equity Analytics
@God Father wrote:Eg
EPF Fund Before Refund - Rs 1000
Refund 20% - 1000 x 20% = Rs 200
Balance Fund after refund  - Rs 800

Annual EPF yield payable to member- 10%
Annual cost to EPF before refund- Rs 1000 x 10% = Rs 100
Annual cost to EPF after refund - Rs 800 x 10% = Rs 80
Annual saving to EPF - Rs 20
Total paid to members - Rs 100
Recovery period - 100/20  = 5 years

ඈ.........???????  scratch  scratch  

ඔබගේ ගණන් හැදීමේ  හැකියාවේ විශ්මිත බව ගැන මට ඇත්තේ විශ්මිත බවක්.....  affraid

ආඩම්බරයි........ lol!

18EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Sun Mar 29, 2020 8:50 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics
@npgslnawa wrote:
@God Father wrote:Eg
EPF Fund Before Refund - Rs 1000
Refund 20% - 1000 x 20% = Rs 200
Balance Fund after refund  - Rs 800

Annual EPF yield payable to member- 10%
Annual cost to EPF before refund- Rs 1000 x 10% = Rs 100
Annual cost to EPF after refund - Rs 800 x 10% = Rs 80
Annual saving to EPF - Rs 20
Total paid to members - Rs 100
Recovery period - 100/20  = 5 years

ඈ.........???????  scratch  scratch  

ඔබගේ ගණන් හැදීමේ  හැකියාවේ විශ්මිත බව ගැන මට ඇත්තේ විශ්මිත බවක්.....  affraid

ආඩම්බරයි........ lol!
flower

19EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Mon Mar 30, 2020 4:41 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
ali baba in action ................other 39 thieves silently  behind the scene

20EPF refund proposal by Cabraal Empty Re: EPF refund proposal by Cabraal Mon Mar 30, 2020 10:22 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
This is very good opportunity for members! If I can, i'll take all. 
I'm not mistaken now it will give 9% after age 55 we can not do much with current SL economic situation. 

Sponsored content


Back to top  Message [Page 1 of 3]

Go to page : 1, 2, 3  Next

Permissions in this forum:
You cannot reply to topics in this forum