by Lucky Gamage Today at 12:31 pm
» be careful guys
by bullstreet Today at 12:18 pm
» Sri Lanka: Bond Manipulator Shady Businessman Arjun Aloysius's Bond Deals financed Newspaper 'Janayugaya' to hit the market by April 2017
by ranferdi Today at 12:01 pm
» Browns Capital (FLCH )
by rohanc Today at 11:36 am
» Wt abt flch??
by thankrishan Today at 11:31 am
» How is SEMB.X at .30
by man123 Today at 11:13 am
» Mkt started moving up with the foreign inflow
by jayathu Today at 9:30 am
» Welldone Ravi - Best of the best
by Yahapalanaya Today at 8:34 am
» Sampath Bank Share Holder Benefits
by Vinayak Mahadev Today at 7:27 am
» LOFC.N000 Highly Under value
by asitha1952 Today at 12:00 am
» CAPITAL GAIN TAX
by worthiness Yesterday at 5:46 pm
» Sri Lanka’s real estate bubble likely to explode in five years
by samaritan Yesterday at 5:37 pm
» මෛත්රීපාල සිරිසේන ජනාධිපතිතුමා
by kalu_mahaththaya Yesterday at 5:19 pm
» Policy Decision
by jayathu Yesterday at 2:36 pm
» Teller, The Great Manipulator Of HEXP
by Miss-Sangeetha Yesterday at 11:42 am
» CSE seen as one of the most attractive capital markets in South Asian region
by Eugine Fernando Yesterday at 9:24 am
» Sri Lanka: Damro Furniture Group of Damitha Ramanayake gets into plantations, buys Agalawatte Plantations and former Arjun Aloysius family owned F L M C Plantations
by Varshaa Selvanathan Yesterday at 12:22 am
» The AINV’S Potentials
by Miss-Sangeetha Mon Mar 27, 2017 7:48 pm
» Sri Lankan Capital Market To Woo Investors From Australia And New Zealand
by jayathu Mon Mar 27, 2017 11:50 am
» Sri Lanka: 'Unfit & Improper' for Banking Sector - NSB Director - CIMA Regional Director Bradley Emerson to be investigated by Good Governance Activists, and CIMA UK for Mismanagement and Dating with CIMA Money
by MalcolmTurnbull Sun Mar 26, 2017 8:50 pm
» AFSL update...
by fortuneteller Sun Mar 26, 2017 8:12 pm
» Buying companies solely because their market price has fallen will get you nowhere.
by soileconomy Sun Mar 26, 2017 3:41 pm
» KNOW YOUR POLITICIANS (KYP)
by worthiness Sun Mar 26, 2017 2:38 pm
» Sri Lanka and its cheap labor pool - Japanese Report
by MalcolmTurnbull Sat Mar 25, 2017 10:09 pm
» Sri Lanka: Deficits in the economic policy?
by MalcolmTurnbull Sat Mar 25, 2017 9:57 pm
» Foreigners are buying shares
by niru Sat Mar 25, 2017 9:00 pm
» Stock Recomendations For Bargain Hunters
by Vinayak Mahadev Sat Mar 25, 2017 3:24 pm
» Shares VS Fixed Desposit
by Vinayak Mahadev Sat Mar 25, 2017 3:17 pm
» Fresh buying into market !!!
by Maharaja Sat Mar 25, 2017 7:41 am
» Johari: M'sia won't end up like Sri Lanka, won't lease properties to China
by stockback Fri Mar 24, 2017 7:23 pm
» Sri Lanka: LOLC Ishara Nanayakkara's Father Ishara Traders - LOLC Chairman Rajah Mahinda Nanayakkara Passes Away
by MalcolmTurnbull Fri Mar 24, 2017 4:23 pm
» Sri Lanka: Unit Trust Industry to Close Down the Shops after government increased Taxes
by MalcolmTurnbull Fri Mar 24, 2017 4:19 pm
» Ceylon Cold Stores (CCS) Next Share Split at Rs.1000/= per share
by MalcolmTurnbull Fri Mar 24, 2017 4:17 pm
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by MalcolmTurnbull Fri Mar 24, 2017 4:08 pm
» Sri Lanka's famous Chef Pabilis Silva's Grandson Chathura Silva's Degree at USJ to be investigated and put for Bribery and Corruption by 'Yahapalana' Regime
by MalcolmTurnbull Fri Mar 24, 2017 3:36 pm
» Former SEC Chairman Dr. Nalaka Godahewa on 'Thilak's Reinvention of the Wheel'
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» INTRODUCING KALKUDAH DISTILLERIES
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» Last hurdle is cleared for the CSE to move upwards.
by Learner19 Fri Mar 24, 2017 1:20 pm
» THE PLAN OF THE YAHAPALANAYA GOVERNMENT 2020
by worthiness Fri Mar 24, 2017 1:17 pm
» තවත් පට්ටපල් බොරු කාරයො දෙන්නෙක්…
by kalu_mahaththaya Fri Mar 24, 2017 12:42 pm
» රට හැර යන්නේ ඩොලර් පමනක් නොවේ
by worthiness Fri Mar 24, 2017 11:35 am
» IT IS CLEAR NOW,, SHARE PRICES ARE NOT DEPEND ON COMPANIES PERFORMANCE
by worthiness Fri Mar 24, 2017 11:26 am
» Monetary Policy Review March 2017 - Rates Incresed
by dul324 Fri Mar 24, 2017 8:10 am
» ASI GOING TOWARDS 6000
by nimantha80 Fri Mar 24, 2017 7:35 am
» සුද්දන් රටටම කොචොක් කරයි....
by kalu_mahaththaya Thu Mar 23, 2017 5:25 pm
» ඇන්ටනෝව් යානා ගුවනේ දී පිපිරවූ කොටියා සහ විමල් වීරවංශ
by nimantha80 Thu Mar 23, 2017 4:53 pm
» WHERE IS THE COUNTRY GOING?
by Lucky Gamage Thu Mar 23, 2017 4:50 pm
» Positive and Negative comments welcome
by jayathu Thu Mar 23, 2017 11:49 am
» No need to sell Alumex Under 19....Don't sell ...
by asitha1952 Thu Mar 23, 2017 11:45 am
» HNB Bank money robbery spread to SAMPATH..ANOTHER CHEATING BANK SAMPATH.....
by jayathu Thu Mar 23, 2017 10:35 am
» ALUM Should reach to 22 levels..before next report..
by asitha1952 Thu Mar 23, 2017 9:36 am
» Get ready for April rise...
by kalu_mahaththaya Thu Mar 23, 2017 8:37 am
» JKH Prices dropped to 2009 Prices...
by jayathu Wed Mar 22, 2017 2:06 pm
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by Eugine Fernando Wed Mar 22, 2017 1:19 pm
» ANOTHER CSE BAILA..................
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by jayathu Wed Mar 22, 2017 11:47 am
» SITE IMAGE CHANGED...?
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» What happend Sri Ranga????
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by Varshaa Selvanathan Fri Mar 17, 2017 3:25 pm
» BFN - BUY Signal !!!!!!!!!!!!!!!!!!!
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» VFIN target price -- Rs 80.00 within 2 months
by Wimal Modawansa Fri Mar 17, 2017 11:15 am
» PLC.N & GLASS.N
by Wimal Modawansa Fri Mar 17, 2017 11:13 am
» ARPICO INSURANCE - BUY
by Wimal Modawansa Fri Mar 17, 2017 11:11 am
» AUTODROME PLC DEALINGS BY DIRECTORS
by visvajith Fri Mar 17, 2017 10:14 am
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by Yahapalanaya Fri Mar 17, 2017 9:29 am
» They say Ratmalana to become 3rd Int Airport
by Chinwi Fri Mar 17, 2017 8:17 am
» TO DIMANTHA MATHEW --> SO CALLED RESEARCH EXPERT
by soileconomy Fri Mar 17, 2017 6:55 am
» ඩෙංගු වසංගතය පැතිරේ - සටන කරන හැටී හරිද ?
by Chinwi Fri Mar 17, 2017 12:20 am
» NAMU - HIGHLY POTENTIAL STOCK
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» Technical bounce now
by samaritan Thu Mar 16, 2017 5:40 pm
» PENDING PROPERTY BUBBLE BURST!
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» RWSL, LOFC , AAF
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» Royal - Thomian
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» REXP REXP.
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» Be carefully your shares of cse
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» 13.03.2017 - Chart expect Double bottom
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» GSP + concession
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» AINS ..........DEAL
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» What is Bitcoin and other cryptocurrency's legality in Sri Lanka.
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» last few years Budgets.
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» Three large European funds visit CSE
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» HEXP high divided on the way.
by Miss-Sangeetha Tue Mar 14, 2017 8:21 am
» MRP of chicken withdrawn
by TuTanKaman Tue Mar 14, 2017 7:11 am
» SAMP 17 rs announcement ahead..feb
by worthiness Mon Mar 13, 2017 7:40 pm
» CEYLON COLD STORES PLC(CCS.N0000)
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» Teller please comes back to the forum
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» Banks Rights Issues has started
by jayathu Mon Mar 13, 2017 8:29 am
» මහින්ද මොනවද කලේ?
by DANIDU Sun Mar 12, 2017 9:10 pm
» Good news for market
by worthiness Sun Mar 12, 2017 2:20 pm
» Top gainers - 13.03.2017
by Harry82 Sun Mar 12, 2017 12:56 pm
- Inflation rises to 5.5% in Jan. from 4.5% in Dec. but projected to be stable
- Private sector credit at 21.9% with credit disbursements remaining high
- Trade balance expands to $ 8.2 b in first 11 months of 2016
- Reserves dwindle to $ 5.5 b in Jan. from $ 6 b, rupee depreciated by 3.8% in 2016 and 0.5% in 2017
Despite being buffeted by rising inflation, dwindling reserves and stubbornly high private sector credit growth, which ended 2016 at 21.9%, the Central Bank yesterday decided to keep policy rates unchanged but acknowledged that it would closely monitor macroeconomic developments.
Contributed by both food and non-food inflation, headline inflation, as measured by the year-on-year change in the Colombo Consumers’ Price Index (CCPI, 2013=100), increased to 5.5% in January 2017 from 4.5% in December 2016.
Core inflation, based on CCPI, also accelerated to 7% in January 2017 from 5.8% in December 2016, the Central Bank said in its first monetary report for 2017.
Headline inflation and core inflation, based on the National Consumer Price Index (NCPI, 2013=100), which is available with a time lag, also reflected an upward trend in December 2016, recording 4.2% and 6.7% respectively on a year-on-year basis.
“In spite of the increase in inflation in recent times, which is mainly attributed to the impact of tax adjustments and the adverse weather conditions, inflation is projected to remain at mid-single-digit levels on average during the year supported by appropriate supply side and demand management policies,” it said.
“Meanwhile, the year-on-year growth of credit extended to the private sector by commercial banks remained high at 21.9% by end 2016. Although the growth of credit has somewhat eased from the peak of 28.5% observed in July 2016, credit disbursements in absolute terms remain high in spite of the substantial upward adjustments in nominal and real interest rates.”
Mainly as a result of the growth of credit to the private and public sectors, broad money growth (M2b) remained at the elevated level of 18.4%, on a year-on-year basis, at end 2016. It is anticipated that the growth of monetary and credit aggregates would gradually moderate during 2017, towards a level consistent with the anticipated real economic growth and mid-single-digit inflation.
“In the external sector, the cumulative deficit in the trade balance expanded further to $ 8.2 billion during the first 11 months of 2016 from $ 7.6 billion during the corresponding period in 2015 as a result of increased import expenditure, amidst the contraction in export earnings.”
Earnings from tourism and workers’ remittances continued to dampen the adverse impact of the trade deficit on the overall balance of payments. Earnings from tourism were estimated to have increased by 14% to around $ 3.4 billion during 2016, while workers’ remittances increased by 3.7% to $ 7.2 billion during the year.
“The realisation of foreign direct investment (FDI) inflows was below expectations in the first nine months of the year, while there were some outflows of foreign investments from the rupee denominated government securities market. Gross official reserves were estimated at $ 5.5 billion by end January 2017 compared to $ 6 billion by end 2016.
Reflecting the developments in the external sector, the Sri Lankan rupee, which depreciated by 3.8% against the US dollar in 2016, depreciated further by 0.5% thus far during 2017.
Considering the above, the Monetary Board, at its meeting held on 6 February 2017, was of the view that the economy is gradually responding to the stabilisation measures adopted by the Central Bank and the Government since late 2015, the Central Bank assured.
“However, close monitoring of macroeconomic developments is necessary in the period ahead, with a view to adopting further corrective measures, if required. The Board was also of the view that at this stage the monetary policy stance of the Central Bank is appropriate and decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank unchanged at 7% and 8.50% respectively.
- See more at: http://www.ft.lk/article/596670/CB-cautious-but-holds-rates#sthash.ChYrWC0q.dpuf
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