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
» Navara Capital Group In Trouble - Harsha N. De Silva to sell all his companies as So Many of His Shady Deals involved
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'
by Varshaa Selvanathan Fri Mar 24, 2017 2:54 pm
» INTRODUCING KALKUDAH DISTILLERIES
by samaritan Fri Mar 24, 2017 2:20 pm
» 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
» Ravi to receive Asia Pacific’s best Finance Minister Award on Friday
by Eugine Fernando Wed Mar 22, 2017 1:19 pm
» ANOTHER CSE BAILA..................
by samaritan Wed Mar 22, 2017 12:11 pm
» STATE CORPORATIONS ARE DOING WELL UNDER YAHAPALANAYA
by jayathu Wed Mar 22, 2017 11:47 am
» SITE IMAGE CHANGED...?
by kalu_mahaththaya Wed Mar 22, 2017 11:23 am
» KO BAN ARA MARKET EKE SUPPROTING LEVEL HOYANA UN TIKA????
by Lucky Gamage Wed Mar 22, 2017 10:55 am
» Rate hike is likely
by plsp1 Wed Mar 22, 2017 10:47 am
» Hyatt, Grand Oriental Hotel, Waters Edge, Hilton and Lanka Hospitals to be listed
by jayathu Wed Mar 22, 2017 7:54 am
» Rest in peace
by Lucky Gamage Tue Mar 21, 2017 2:23 pm
» Sri Lanka meets eligibility criteria for GSP Plus, says EU technical report
by Mubin Mustafa Tue Mar 21, 2017 11:30 am
» What happend Sri Ranga????
by Chinwi Sun Mar 19, 2017 12:25 am
» End or the Begining of Nimal Perera?
by Quibit Fri Mar 17, 2017 8:59 pm
» Sri Lanka: Young Bond King Arjun Aloysius' Media Company iMN (Integrated Media Network) in Search of Journalists
by samaritan Fri Mar 17, 2017 7:39 pm
» Sri Lanka: State Defence Minister Ruwan quits his father's Board at LPRT but to continue to be the second largest shareholder
by Varshaa Selvanathan Fri Mar 17, 2017 3:25 pm
» BFN - BUY Signal !!!!!!!!!!!!!!!!!!!
by reader Fri Mar 17, 2017 1:08 pm
» 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
» Maritime terrorism an emerging threat in Indian Ocean, says Sri Lanka PM Ranil Wickremesinghe
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
by bullstreet Thu Mar 16, 2017 7:20 pm
» Technical bounce now
by samaritan Thu Mar 16, 2017 5:40 pm
» PENDING PROPERTY BUBBLE BURST!
by jayathu Thu Mar 16, 2017 11:02 am
» RWSL, LOFC , AAF
by stockback Thu Mar 16, 2017 10:05 am
» Royal - Thomian
by Eugine Fernando Thu Mar 16, 2017 9:16 am
» Dividend issue before 01st April
by kks17 Thu Mar 16, 2017 6:09 am
» REXP REXP.
by kassachandimal Wed Mar 15, 2017 6:34 pm
» Be carefully your shares of cse
by D.G.Dayaratne Wed Mar 15, 2017 3:57 pm
» 13.03.2017 - Chart expect Double bottom
by dudi Wed Mar 15, 2017 3:33 pm
» GSP + concession
by plsp1 Wed Mar 15, 2017 12:50 pm
» Can Government go ahead with these type of ignorance?
by hettdas Wed Mar 15, 2017 10:09 am
» AINS ..........DEAL
by sureshot Tue Mar 14, 2017 6:31 pm
» What is Bitcoin and other cryptocurrency's legality in Sri Lanka.
by anjelo Tue Mar 14, 2017 12:35 pm
» last few years Budgets.
by samaritan Tue Mar 14, 2017 9:43 am
» Three large European funds visit CSE
by Equity King Tue Mar 14, 2017 8:38 am
» 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)
by rosa maria Mon Mar 13, 2017 7:20 pm
» Teller please comes back to the forum
by Miss-Sangeetha Mon Mar 13, 2017 12:57 pm
» 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
Sri Lanka plans to raise up to 1.5 billion US dollars from a sovereign bond sale in 2017 and another billion dollars from a syndicated loan that is currently being negotiated, he said.
Sri Lanka may also get 250 to 300 million dollars from the sale of Mattala Airport. Other non-strategic asset sales and property may bring about a billion US dollars.
He said Sri Lanka hopes to repay some of the bunched up external debts in 2019 and beyond or extend their tenor, from money raised in 2017, Coomaraswamy said.
If a planned sale of Hambantota Harbour to China Merchants Ports goes ahead it could also bring in over a billion US dollars.
"In my view that is an important thing for the country, - leaving aside the development impact for the whole region - to get a billion dollars that comes straight into our reserves," Coomaraswamy said.
"Also because it is a built asset there will be no outflow in terms of capital goods etc."
Foreign direct investment is a key driver of imports and the trade deficit in Sri Lanka, as factories or other infrastructure is built with dollars coming through a non-merchandise section of the balance of payments.
If the money from port sale is used to bridge the budget deficit and used as part of government expenditure, it will similarly drive economic activity, imports and the trade deficit.
To build forex reserves permanently, the rupees generated when the dollars are taken into forex reserves have to be sterilized by a sell-down of Treasury bill holdings of the Central Bank. Alternatively other private credit has to be curtailed by a sell-down of central bank held bills.
Forex reserves can be built, regardless of whether there is a port sale or not if the Central Bank sells down its Treasury bill holdings and curtails domestic credit, analysts say. A large inflow will however allow forex reserves to be built without raising domestic interest rates.
Sri Lanka's forex reserves are lost in three ways.
When money is printed (Treasury bills are bought by the Central Bank creating new money) and then the exchange rate is defended, or when the exchange rate is defended and money is printed to fill liquidity shortages (sterilized forex sales).
Reserves are also lost, when government foreign loans are settled with reserves (taking bills in return which can be sold down to rebuild reserves) and when International Monetary Fund loans are repaid.
Forex reserves are built in three ways. When dollars are bought and the ensuing rupees are sterilized by selling down the Treasury bills stock (a sterilized forex purchases), when interest is earned on forex reserves, or when IMF loans are received. (Colombo/Feb09/2017)
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