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Law Capping interest rates
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aemathenge
#2661 Posted : Friday, August 31, 2018 12:51:32 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
KulaRaha wrote:
Sir invest wrote:
"Masses" don't be fooled that when banks will be allowed to lend at 20%-30% interest rate, they will be trooping at your door steps to give you unsecured loans. Forget it wont happen. Banks are blackmailing the Govt.


The government is borrowing at 12.5% to 13% from banks.

You are also trying to borrow at the same rate from banks.

Who is spoiling your chances of borrowing? Is it the banks who have choices who to lend to, or the government, who is competing with you?

Be woke...


Off the top of your head, what would my small business need to do to so that my loan request becomes more attractive than lending to Silkal?
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aemathenge
#2662 Posted : Friday, August 31, 2018 12:53:11 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
mlennyma wrote:
aemathenge wrote:
Allow me to rephrase my queries.

As a publicly quoted bank shareholder watching my "wealth" slither away because Mpigs won't play "ball", what should I demand of directors and management in their handling of the Mpigs?

What should Kenya Bankers Association's next move be?

The stumbling block between "wealth" creation and banking shareholders is Mpigs. What is the panacea?


banks are profitable,the price will recover

Music to my ears.
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obiero
#2663 Posted : Friday, August 31, 2018 1:39:36 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
aemathenge wrote:
mlennyma wrote:
aemathenge wrote:
Allow me to rephrase my queries.

As a publicly quoted bank shareholder watching my "wealth" slither away because Mpigs won't play "ball", what should I demand of directors and management in their handling of the Mpigs?

What should Kenya Bankers Association's next move be?

The stumbling block between "wealth" creation and banking shareholders is Mpigs. What is the panacea?


banks are profitable,the price will recover

Music to my ears.

@mlennyma.. Which small banks are profitable? Sidian? NBK? Family? BoA? Ecobank? KBA has no role in this debate. They are spectators just like us.. Only big banks will survive and thrive

KQ ABP 4.26
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  | | Edit by user: Friday, August 31, 2018 1:47 PM | Reason: Not specified
mlennyma
#2664 Posted : Friday, August 31, 2018 2:24:00 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
obiero wrote:
aemathenge wrote:
mlennyma wrote:
aemathenge wrote:
Allow me to rephrase my queries.

As a publicly quoted bank shareholder watching my "wealth" slither away because Mpigs won't play "ball", what should I demand of directors and management in their handling of the Mpigs?

What should Kenya Bankers Association's next move be?

The stumbling block between "wealth" creation and banking shareholders is Mpigs. What is the panacea?


banks are profitable,the price will recover

Music to my ears.

@mlennyma.. Which small banks are profitable? Sidian? NBK? Family? BoA? Ecobank? KBA has no role in this debate. They are spectators just like us.. Only big banks will survive and thrive

tier 1 listed banks,all unlisted banks can die no problem
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Friday, August 31, 2018 2:25 PM | Reason: Not specified
mlennyma
#2665 Posted : Friday, August 31, 2018 7:10:26 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Is it true the CS has defied parliament on fuel VAT?very soon the rate cap will be defied
"Don't let the fear of losing be greater than the excitement of winning."
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obiero
#2666 Posted : Friday, August 31, 2018 7:15:15 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
mlennyma wrote:
Is it true the CS has defied parliament on fuel VAT?very soon the rate cap will be defied

Unlikely

KQ ABP 4.26
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rwitre
#2667 Posted : Friday, August 31, 2018 7:16:24 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
FRM2011 wrote:
FRM2011 wrote:
FRM2011 wrote:

Finance bill finally on the floor of the house. There are numerous amendments on the bill. Lets see how this goes.


Junet Mohamed passionately pushing for an extension of the VAT deadline to 2020. This would put on hold plans to charge VAT on petroleum products w.e.f 1st Sept 2018.

PS: The speaker has ruled that the rate cap amendment cannot be discussed until treasury gives its input.


Update from parliament;

1. MPs have debated and voted to retain rate capping on loans but removed the rate on savings. Worth noting the speaker had ruled the amendment cannot be discussed.

2. MPs have rejected the treasury's proposal to introduce a mandatory contribution to the national housing fund.

3. MPs have rejected the VAT on petroleum and extended the deadline to 1st Sept 2020.



Fuel tax must be implemented from tomorrow: CS Rotich

"According to the CS, the move to suspend implementation of the fuel tax by two years is null and void."
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obiero
#2668 Posted : Friday, August 31, 2018 7:17:40 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
rwitre wrote:
FRM2011 wrote:
FRM2011 wrote:
FRM2011 wrote:

Finance bill finally on the floor of the house. There are numerous amendments on the bill. Lets see how this goes.


Junet Mohamed passionately pushing for an extension of the VAT deadline to 2020. This would put on hold plans to charge VAT on petroleum products w.e.f 1st Sept 2018.

PS: The speaker has ruled that the rate cap amendment cannot be discussed until treasury gives its input.


Update from parliament;

1. MPs have debated and voted to retain rate capping on loans but removed the rate on savings. Worth noting the speaker had ruled the amendment cannot be discussed.

2. MPs have rejected the treasury's proposal to introduce a mandatory contribution to the national housing fund.

3. MPs have rejected the VAT on petroleum and extended the deadline to 1st Sept 2020.



Fuel tax must be implemented from tomorrow: CS Rotich

"According to the CS, the move to suspend implementation of the fuel tax by two years is null and void."


We live in interesting times

KQ ABP 4.26
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whiteowl
#2669 Posted : Saturday, September 01, 2018 12:42:31 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
obiero wrote:
mlennyma wrote:
Is it true the CS has defied parliament on fuel VAT?very soon the rate cap will be defied

Unlikely


If he goes down that road he can also "defy" robinhood tax vote.PORK may be forced to axe him when "Rotich must go" demos begin.He'll end up being a sacrifical lamb.
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rwitre
#2670 Posted : Saturday, September 01, 2018 1:26:31 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
whiteowl wrote:
obiero wrote:
mlennyma wrote:
Is it true the CS has defied parliament on fuel VAT?very soon the rate cap will be defied

Unlikely


If he goes down that road he can also "defy" robinhood tax vote.PORK may be forced to axe him when "Rotich must go" demos begin.He'll end up being a sacrifical lamb.


Fuel sellers not increasing prices

This Kenya Laughing out loudly Laughing out loudly

Wanjiku, Parliament, Fuel sellers one side

CS Rotich, IMF other side

- Wanjiku: doesn't want cost of living to increase
- Parliament: doesn't want to anger Wanjiku, and they also have their money problems
- Fuel sellers: Why increase prices yet it's just going to pay taxes, not increase profit margins?

- IMF: Pushing to reduce budget deficits and increase revenue collection.
- CS Rotich: "IMF has said".


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  | | Edit by user: Saturday, September 01, 2018 1:28 PM | Reason: Not specified
303 Pages«<265266267268269>»
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