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

EPF refund proposal by Cabraal

+10
ColomboCSE
anges
npgslnawa
ChooBoy
Kipling
Yahapalanaya
kasun_gimhana
MoneyLover
God Father
Teller
14 posters

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41EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Wed Apr 01, 2020 2:45 am

Yahapalanaya


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kasun_gimhana wrote:Instead of destroying the fund by investing in a company like Laugfs Gas, Srilankan Airline, It is Beter to give the fund back to the real owners of the Fund even the decision deviated from the primary objective. 

But the problem some people already got 30% and if the government gives another 20% means 50% of the retirement benefit taken back in advance. Some people will invest this money wisely and some will not.
Why are they keeping 50%.. Baiya could give remaining 50% also...When pension age come,these employees would be in road with begging bowl... Very Happy Very Happy Very Happy

42EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sat Apr 04, 2020 2:57 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
The heading is clearly misleading.. There is no such attack or wrong motive.. Just to release some funds for those who wants only.. I guess its a very good idea for those who are with financial difficulties, lost jobs,, lost business etc to come out..Some may invest and loss - thats one basic sign of a good economy.. Entreprenuership.. without that just by protectionism the society will never develop.. then there is other measures anyway to socially secure people.. Its a way of creating economic opportunities without going for loans...SUPERB MOVE...

43EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sat Apr 04, 2020 3:38 pm

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@NANDANA2012 wrote:The heading is clearly misleading.. There is no such attack or wrong motive.. Just to release some funds for those who wants only.. I guess its a very good idea for those who are with financial difficulties, lost jobs,, lost business etc to come out..Some may invest and loss - thats one basic sign of a good economy.. Entreprenuership.. without that just by protectionism the society will never develop.. then there is other measures anyway to socially secure people.. Its a way of creating economic opportunities without going for loans...SUPERB MOVE...
Bro, people who is watching everything with their coloured glasses won't see the good side. Everytime they tries to match it to their politics, if marks for the opposite side, they will blame. Haters will hate. That's the thing we have to understand. For the sake of our country we are not that unlucky to have the majority of that kinda people. That's why GR is ruling us.

44EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sat Apr 04, 2020 6:14 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
මම නම් දකින්නේ මේක ගොඩක් හොද දෙයක්. පෞදලිකව මට නම් මේක හොද ඉන්වෙස්මෙන්ට් අවස්ථාවක්.

අපිට ලංකාවේ හැමෝගෙම ඔලුව හදන්න බැ.ලොතරියක් ඇදුනත් සතියන් දුප්පත් වෙන මිනිස්සු ලංකාවේ ඉන්නේ...  98% පඩියට වැඩ කරන කට්ටිය ඉන්නකොට 2% වෙනස් විදියට හිතල මුල්‍ය නිදහස ලබාගන්නේ. 

@God Father
මේක ගැන වැඩිදුර කරුණු දන්නා කට්ටිය ඉන්නවද ?

මේකත් 2M ද maximum දෙන්නේ ?

45EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sat Apr 04, 2020 11:03 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@KavinduTM wrote:
@NANDANA2012 wrote:The heading is clearly misleading.. There is no such attack or wrong motive.. Just to release some funds for those who wants only.. I guess its a very good idea for those who are with financial difficulties, lost jobs,, lost business etc to come out..Some may invest and loss - thats one basic sign of a good economy.. Entreprenuership.. without that just by protectionism the society will never develop.. then there is other measures anyway to socially secure people.. Its a way of creating economic opportunities without going for loans...SUPERB MOVE...
Bro, people who is watching everything with their coloured glasses won't see the good side. Everytime they tries to match it to their politics, if marks for the opposite side, they will blame. Haters will hate. That's the thing we have to understand. For the sake of our country we are not that unlucky to have the majority of that kinda people. That's why GR is ruling us.

Yes... All this time people were complaining that EPF money belong to them and Govt not releasing it till 55 is wrong.. Now when Govt try to release some funds... then they complain.. even without knowing details as yet.  anycase it has to be optional.. those who want can take it.. others can keep it.. even if you take and invest in Fixed Deposits... you may get better than EPF rate.. as EPF memebers against investing in medium / High risk tools and usually they invest in Government Bonds,, Bills with about 8-10 return....Also some funds locked getting released to economy is a good thing at this point... without printing money and more loans...

And also we never say Cabraal is clean person.. only this idea is good..

46EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sat Apr 04, 2020 11:20 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@npgslnawa wrote:@Teller

What Mr.Wasantha Samarasinghe said was 100% true.

But, He was the mastermind behind the disruption of the quarantine process and the evacuation of people in the Katunayaka trade zone to their homes.
As a result, the number of patients in cities and towns has increased.

Everything they say has a narrow political purpose.  Protecting the public is not their main objective.  Therefore, the truthfulness of what they say should be considered twice.

JVP is the forefathers of economic destruction through their traditional policies and vote bank politics.. While all govts have been corrupt. many tried to privatise mega govt enterprises with mega losses and a main burden on the economy like railway... ceb, cpc.. but JVP always opposed it..

They dont seem to know even simple economic principals.. If you ask Govt to spend for more and more subsidies, they will simply print money  creating inflation (AS THEY DONT HAVE INCOME OR RESERVES FOR THAT).., and making any Rs. 1000 we earn will value like Rs. 500. But releasing EPF money has no such effect but also good for both economy and members..

47EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sun Apr 05, 2020 4:47 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@NANDANA2012 wrote:
@npgslnawa wrote:@Teller

What Mr.Wasantha Samarasinghe said was 100% true.

But, He was the mastermind behind the disruption of the quarantine process and the evacuation of people in the Katunayaka trade zone to their homes.
As a result, the number of patients in cities and towns has increased.

Everything they say has a narrow political purpose.  Protecting the public is not their main objective.  Therefore, the truthfulness of what they say should be considered twice.

JVP is the forefathers of economic destruction through their traditional policies and vote bank politics.. While all govts have been corrupt. many tried to privatise mega govt enterprises with mega losses and a main burden on the economy like railway... ceb, cpc.. but JVP always opposed it..Does Pohotuwa want privatisation now.. Very Happy Very Happy Very Happy

They dont seem to know even simple economic principals.. If you ask Govt to spend for more and more subsidies, they will simply print money  creating inflation (AS THEY DONT HAVE INCOME OR RESERVES FOR THAT).., and making any Rs. 1000 we earn will value like Rs. 500. But releasing EPF money has no such effect but also good for both economy and members..

48EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sun Apr 05, 2020 8:37 am

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
@NANDANA2012 wrote:
@npgslnawa wrote:@Teller

What Mr.Wasantha Samarasinghe said was 100% true.

But, He was the mastermind behind the disruption of the quarantine process and the evacuation of people in the Katunayaka trade zone to their homes.
As a result, the number of patients in cities and towns has increased.

Everything they say has a narrow political purpose.  Protecting the public is not their main objective.  Therefore, the truthfulness of what they say should be considered twice.

JVP is the forefathers of economic destruction through their traditional policies and vote bank politics.. While all govts have been corrupt. many tried to privatise mega govt enterprises with mega losses and a main burden on the economy like railway... ceb, cpc.. but JVP always opposed it..

They dont seem to know even simple economic principals.. If you ask Govt to spend for more and more subsidies, they will simply print money  creating inflation (AS THEY DONT HAVE INCOME OR RESERVES FOR THAT).., and making any Rs. 1000 we earn will value like Rs. 500. But releasing EPF money has no such effect but also good for both economy and members..
Then why Ragapaksha regime bought back Srilankan Air line and made net asset negative. I think is it becouse JVP Requested from Rajapaksha to do that. LOL

49EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sun Apr 05, 2020 9:37 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Clarification regarding Strategy to release a part of the EPF balances direct to Members:

My suggestion regarding the release of 20% of the EPF balances (amounting to around Rs.500 billion) from the fund of about Rs.2,500 billion DIRECT to the Members themselves is a professional, technical and scientific proposal. 

In that regard, I have set out the benefits that will accrue to the EPF Members, the financial system and the Sri Lankan economy at the present time, if such suggestion is implemented. 

During the period I served as the Governor of the Central Bank, from 2006 to 2014, the Sri Lankan Economy was steered through many crises. In fact, it may be recalled that, it was during that period that we faced the Global Financial Crisis, the Global Recession, the Global Oil Crisis and the Global Food Shortage. In addition, Sri Lanka had to fight a terrorist war at home, and immediately thereafter, engage in a massive reconstruction effort. 

Notwithstanding the above major challenges that had to be faced during that period, the Sri Lankan economy grew from USD 24 billion to USD 79 billion with an average growth of over 6% per annum. The Sri Lankan Rupee had its lowest ever average depreciation. Foreign reserves almost quadrupled. Poverty reduced substantially. Interest rates were brought down to sustainable single digits, and all businesses flourished. In addition, the financial system was stable, and not a single bank or registered financial institution was allowed to collapse.  

Accordingly, it may have to be acknowledged (even grudgingly), that I may have some expertise, experience and knowledge in managing an economy in difficult times, and it was in that background, I believed that I had a duty to suggest Way-forward Strategies to facilitate the revival of the Sri Lankan economy in the aftermath of Covid-19, as well. It was therefore in that context that I made the above suggestion (and I intend making more suggestions over the next few days).

In any event, I wish to reassure everyone that I would not be offended if my carefully considered but "out-of-the-box" suggestions are not welcomed or implemented. Indeed, if others have better ideas and strategies to get the economy back on track and thereby ensure the continued well-being of our people and work force, they are most welcome to implement such policies or strategies.

Ajith Nivard Cabraal
https://www.facebook.com/937582062972301/posts/3104952882901864/?sfnsn=mo



Last edited by Quibit on Sun Apr 05, 2020 12:37 pm; edited 1 time in total

50EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sun Apr 05, 2020 9:40 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
අර්ථසාධක අරමුදල් ශේෂයෙන් කොටසක් සාමාජිකයින්ට සෘජුවම මුදා හැරීමේ උපායමාර්ගය

රුපියල් බිලියන 2,500 ක් පමණ වන EPF අරමුදල් ශේෂයෙන් 20% ක් (රුපියල් බිලියන 500 ක් පමණ)  සාමාජිකයින්ට ඍජුවම නිදහස් කිරීම පිළිබඳ මා කළ යෝජනාව වෘත්තීමය, තාක්‍ෂණික හා විද්‍යාත්මක එකකි.

එවැනි යෝජනාවක් ක්‍රියාත්මක වුවහොත්, EPF සාමාජිකයින්ට, රටේ මූල්‍ය පද්ධතියට සහ ශ්‍රී ලංකා ආර්ථිකයට ලැබිය හැකි ප්‍රතිලාභ මා එළි දැක්වූ ප්‍රකාශයේ විස්තර කළෙමි.

පසුගියදා, මා එම යෝජනාව ඉදිරිපත් කලේ (සහ ඉදිරි දින කිහිපය තුළ තවත් යෝජනා ඉදිරිපත් කිරීමට බලාපොරොත්තු වන්නේ) හිටපු මහ බැංකු අධිපතිවරයකු වශයෙන්, කොවිඩ්-19 වසංගතයෙන් පසු ශ්‍රී ලංකා ආර්ථිකය පුනර්ජීවනය කිරීමට සහ ජන ජීවිතය නැවත ගොඩ ගැනීමට, ඉදිරි උපාය මාර්ග පිළිබඳ දැන් සිටම සාකච්ඡාවක් ආරම්භ කලයුතු යැයි මා තරයේ විශ්වාස කරන බැවිනි. 

2006-2014 දක්වා කාල සීමාව තුළ ශ්‍රී ලංකා ආර්ථිකය බොහෝ දැවැන්ත අර්බුදයන් වලට මුහුණ දුන් බව අප සියලු දෙනාම දන්නා කරුණකි. 

ගෝලීය මූල්‍ය කඩා වැටීම, ගෝලීය ආර්ථික පසුබෑම, ගෝලීය තෙල් අර්බුදය සහ ගෝලීය ආහාර හිඟයට අප මුහුණ දුන්නේ එම කාල පරිච්ඡේදයේදීය. ඊට අමතරව, ශ්‍රී ලංකාව තුල ත්‍රස්තවාදී යුද්ධයක් පැවති අතර, එය අවසන් වූ වහාම විශාල ප්‍රතිසංස්කරණ ඇති කිරීමටද සිදු විය.

එවන් දැවැන්ත අර්බුද මධ්‍යයේ, මහ බැංකුවේ අධිපතිවරයා ලෙස මා සේවය කළ බැවින්, දුෂ්කර කාලවලදී ආර්ථිකයක් කළමනාකරණය කිරීම පිළිබඳ මට යම් අත්දැකීමක්, විශේෂඥතාවයක්, පළපුරුද්දක් සහ දැනුමක් තිබිය හැකි බව කෙනෙකුට නිගමනය කළ හැකැයිද මා සිතමි. ඇත්ත වශයෙන්ම, එම කාලය තුළදී ඉහත කී විශාල අභියෝගයන්ට මුහුණදීමට සිදු වුවද, ශ්‍රී ලංකා ආර්ථිකය ඇ.ඩො.බි. 24 සිට ඇ.ඩො.බි. 79 දක්වා වර්ධනය කිරීමට අපට හැකි වූ අතර, වසරක සාමාන්‍ය ආර්ථික වර්ධන වේගය 6% ඉක්මවිය. දිළිඳුභාවය සැලකිය යුතු අන්දමකින් පහළ වැටීය. යටිතල පහසුකම් වර්ධනය වීය. එමෙන්ම ශ්‍රී ලංකා රුපියලේ අඩුම ක්ෂය වීම වාර්තා වුයේද එම කාල සිමාව තුලය.  තවද, විදේශ සංචිත හතර ගුණයකින් වැඩි වූ අතර පොලී අනුපාත තනි ඉලක්කම් කරා ගෙන එන ලදී. ඒ නිසා, සියලු ව්‍යාපාර ශීඝ්‍රයෙන් වර්ධනය වෙමින් සමෘද්ධිමත් විය. විදේශ ආයෝජන ශ්‍රී ලංකාවට අඛණ්ඩව ප්‍රේශණය වීය. මීට අමතරව, මූල්‍ය පද්ධතිය ස්ථාවරව පවත්වාගෙන යන ලද අතර, එක් බැංකුවක් හෝ ලියාපදිංචි මූල්‍ය ආයතනයක්වත් කඩා වැටීමට ඉඩ නොදුනි. 

පසුබිම මෙසේ තිබියදී, කෝවිඩ්-19 වසංගතයෙන් ඉදිරියේ දී සිදු වෙන ආර්ථික අවපාතයෙන් ජය ගැනීම සඳහා මා මේ අවස්ථාවේ දී ඉදිරිපත් කොට ඇති තාක්ෂණික සහ වෘත්තිමය අදහස් වලට සමහර දේශපාලනඥයින් සහ ඔවුන්ගේ සහකරුවන් දේශපාලන කෝණයකින් විවේචනය කිරීම හේතුවෙන්, මා කිසිසේත් අමනාප වෙන්නෙත්, අධෛර්ය වන්නෙත් නැති බව කිව යුතුය.

ඒ සමගම, මා ඔවුනට තවදුරටත් කියන්නේ මේ නව ගෝලීය අර්බුදය ඉදිරියේ, සාම්ප්‍රදායික "රාමුවට පිටතින්" සිතා ශ්‍රී ලංකාවේ ආර්ථිකය රැක ගැනීමට අප කටයුතු නොකළහොත්, අප සියලු දෙනාටම ඉතා විශාල පීඩනයකට ලක් වන්නට සිදුවන බව ය.

මා සිතන ආකාරයට, අප රට ආර්ථිකය යථා තත්ත්වයට පත් කිරීමට සහ අප මහජනතාවගේ සහ ශ්‍රම බලකායේ යහපැවැත්ම සහතික කිරීමට මා දැනට ඉදිරිපත් කර ඇති සහ ඉදිරියේදී ඉදිරිපත් කිරීමට බලාපොරොත්තු වන උපාය මාර්ග බෙහෙවින් ප්‍රයෝජනවත් වනු ඇත. එහෙත්, වෙනත් පුද්ගලයකු හට ඊට වඩා හොඳ අදහස් හා උපාය මාර්ග තිබිය හැකි බවද මා නිහතමානීව පිළිගනිමි. එවැනි අදහස් සහ උපාය මාර්ග තිබේ නම්, එවැනි ප්‍රතිපත්ති හෝ උපාය මාර්ග ක්‍රියාත්මක කරන ලෙසත් මා ඔවුන්ගෙන් සාදරයෙන් ඉල්ලා සිටීමට කැමැත්තෙමි.

Ajith Nivard Cabraal
https://www.facebook.com/937582062972301/posts/3104948659568953/?sfnsn=mo

51EPF refund proposal by Cabraal - Page 3 Empty Re: EPF refund proposal by Cabraal Sun Apr 05, 2020 9:51 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
Good Plan.. Originating from whom is another matter...Iddling 300 Billion Funds added to the economy..Many economic opportunities created.

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