Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Provider of BG,SBLC.MT103,MT799,MT760
by kimsungnyon2020 Yesterday at 11:14 pm

» Bridge Loans & Hard Money Financing
by kimsungnyon2020 Yesterday at 11:12 pm

» We Provide of BG,SBLC,Discounting
by kimsungnyon2020 Yesterday at 11:12 pm

» BG / SBLC / LC / DLC / MTN ETC AVAILABLE
by kimsungnyon2020 Yesterday at 11:10 pm

» Your thoughts about GREG.N and SPEN.N
by shihan 93 Yesterday at 6:04 pm

» What do you think about Browns Group Reforms: BRWN, BIL & FLCH ?
by MoneyLover Yesterday at 10:26 am

» FUTURE GEMS.....
by Saman12 Tue May 22, 2018 6:08 pm

» ALHP WILL MOVE UP SOON
by rasikagamage Tue May 22, 2018 11:05 am

» SINGHE HOSPITALS- GEM OR DIAMOND?
by anges Mon May 21, 2018 7:17 pm

» HVA 50 cents profit for the year NAV 8.50 market 6.60 Good potential to go up
by anges Mon May 21, 2018 7:11 pm

» SFIN going up
by worthiness Sat May 19, 2018 9:36 pm

» VFIN Share
by worthiness Sat May 19, 2018 9:30 pm

» Short Sell instead of Bill and Bond
by lakshanbandara Fri May 18, 2018 5:07 pm

» janashakthi shares
by DS Wijesinghe Fri May 18, 2018 1:48 pm

» CALF doubled price genuine?
by DS Wijesinghe Thu May 17, 2018 4:13 pm

» Will CRL.N000 rise?
by ravindu93 Thu May 17, 2018 1:29 pm

» JINS Share Repurchase
by Ranil Ranasinghe Wed May 16, 2018 10:03 pm

» No news from LAUGFS GAS (LGL). for more than one month??
by gdid Wed May 16, 2018 9:26 pm

» LLUB - TRADING @ 2008 PRICE LEVELS
by reyaz Wed May 16, 2018 5:17 pm

» FLCH 4.30 Next BIL ....
by Eugine Fernando Wed May 16, 2018 2:09 pm

» Warning sounded over China’s Debtbook diplomacy,16 countries identified loan billions that they can’t afford to repay
by bhanu Wed May 16, 2018 6:50 am

» MOBITEL Sri Lanka new company to be listed in the CSE
by lakshanbandara Wed May 16, 2018 12:22 am

» China approves funds for Central Expressway
by Miss-Sangeetha Tue May 15, 2018 10:42 pm


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » BOP surplus during the first nine months of 2016

BOP surplus during the first nine months of 2016

Go down  Message [Page 1 of 1]

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Some positive news.

While (many) people are so keen find mistakes.

an 11, Colombo: Sri Lanka's trade deficit contracted by 12 percent to US$ 645 million in September 2016 from US$ 733 million a year earlier due to the combined effect of an increase in exports and a decline in imports, according to the Central Bank data released in its External Sector Performance Review Wednesday.

Earnings from exports grew 5.7 percent in September 2016, year-on-year, to US$ 898 million largely to the growth in all major categories of exports. The highest contribution to the growth was from industrial exports led by transport equipment, food beverages and tobacco and rubber products, followed by agricultural exports, led by tea.

Expenditure on imports declined by 2.5 percent to US$ 1.543 billion in September 2016 compared to the same month in 2015 largely due to the lower expenditure incurred on importation of personal motor vehicles and fuel.

On a cumulative basis, earnings from exports declined by 3.0 percent to US$ 7.763 billion during the first nine months of 2016 while expenditure on imports decreased by 1.7 percent to US$ 13.95 billion resulting in no net change in cumulative trade deficit of US$ 6.18 billion.

Tourist arrivals continued to expand, recording a marginal growth of 3.6 percent in September 2016. Cumulative tourist arrivals during the first nine months of 2016 increased by 14.6 percent earning US$ 2.5 billion compared to US$ 2.18 billion earned in the corresponding period of 2015.

Workers' remittances declined marginally by 1.1 percent to US$ 577.9 million in September 2016 in comparison to US$ 584.2 million in September 2015. However, cumulative inflows from workers' remittances at US$ 5.382 billion during the first nine months of 2016 recorded a growth of 3.9 percent in comparison to US$ 5.182 billion in the corresponding period of 2015.

Foreign investments at the Colombo Stock Exchange recorded a net inflow of US$ 5.1 million in September 2016. However, the cumulative foreign investments in the CSE during the first nine months of 2016 recorded a net outflow of US$ 19.02 million.

During the first nine months of 2016, the overall BOP is estimated to have recorded a surplus of US$ 243.1 million, in comparison to a deficit of US$ 2.316 billion recorded during the corresponding period of 2015.

Sri Lanka�s gross official reserves as at end September 2016 amounted to US$ 6.5 billion, equivalent to 4.1 months of imports, while total foreign assets stood at US$ 9.1 billion, equivalent to 5.8 months of imports.

The rupee recorded a depreciation of 0.1 percent against the US dollar during the period from end 2016 to 10th January 2017.

http://www.colombopage.com/archive_17A/Jan11_1484149821CH.php

Back to top  Message [Page 1 of 1]

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