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

Sri Lanka News
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » RUPEE FALLS AS CB-FM CONFLICT BREWS

RUPEE FALLS AS CB-FM CONFLICT BREWS

View previous topic View next topic Go down  Message [Page 1 of 1]

1 RUPEE FALLS AS CB-FM CONFLICT BREWS on Wed Feb 22, 2017 11:40 am

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
RUPEE FALLS FOR 5TH SESSION AS CENTRAL BANK - FOREIGN MINISTER CONFLICT BREWS!
(Mirror Business of Today)
COUNTRY'S ECONOMY IN A SOUP!

2 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Wed Feb 22, 2017 12:13 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
Rupee fall doesn't a mater. It is good for contry like SL. Previous approach only bought harm to the country. We have tested it for decades. It is time to exit from the depending rupee without depending the approach.
China , India forcefully devaluate their currency to boost the export to grow the economy. At least for 3 years we need to follow the same approach. Even it fails doesn't matter as depending approach failed us  for decades.

3 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Wed Feb 22, 2017 12:42 pm

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
sapumal wrote:Rupee fall doesn't a mater. It is good for contry like SL. Previous approach only bought harm to the country. We have tested it for decades. It is time to exit from the depending rupee without depending the approach.
China , India forcefully devaluate their currency to boost the export to grow the economy. At least for 3 years we need to follow the same approach. Even it fails doesn't matter as depending approach failed us  for decades.
Hon.Minister of Finance Ravi K thinks otherwise. Is he ignorant?

4 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Wed Feb 22, 2017 2:18 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
How come import country like ours it's good rupee getting depreciated???

5 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Thu Feb 23, 2017 9:43 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
jayathu wrote:How come import country like ours it's good rupee getting depreciated???
Simply imports will be demotivated. Our economy is consumer based economy. We rent,sell our harbors, airports, hotels, valuable lands to foreigners and import goods. This approach only can last until the last land sold to a foreigner.
We can create more jobs by moving into production economy. For an example if we take milk, sugar we pay around 20billions for imports. But we only can produce 3,4  jobs to handling the imports. But if we produce them in here we could produce 40,000 direct jobs with 40,000 income for a month from 20 billion.
Then there would be indirect jobs.

Importers make deals with ministers and take a big profit from importing those silly things. That's how the system works.

6 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Thu Feb 23, 2017 11:46 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@sapumal twin deficit country like ours, wont it affect our country adversely deprecating the currency? If you go through CB accounts our Loan borrowing cost has gone up by 25% due to large amount of USD loans we have in our book. We are highly debt ridden country.

eg;- if you take 2015 development bonds were issued at 4.50% per annum for two year bond. Amount of 950Mn USD. Right now for last two yrs rupee has deprecated roughly around 15-18%.
they're going to issue again development bonds again this yr also. Most probably to pay off the maturing developing bonds.
http://www.economynext.com/Sri_Lanka_to_raise_at_least_US$450mn_from_3_year_loan-3-7404-17.html

7 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Thu Feb 23, 2017 12:42 pm

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
Agree with Jayathu. Countries like China & India depreciated the currency when those were strong in order to stimulate exports. In our case its not so we already have a weakened currency and imports dependency for essential food commodities will send prices high making situ worse. This is not the appropriate time. Development of local sugar industry is a good suggestion if feasible.

8 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Thu Feb 23, 2017 1:17 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
I am not saying depreciate the currency like India, China. But keep it at the right place. Currently it is overvalued.
Depreciation wont be a problem in medium term to long term. When depreciating the currency the negative trade deficit will be narrowed as exports starting to rise and imports starting to decline. When no deficit , currency depreciation will be stopped for ever
With the current approach, imported goods are always have a 10% discount against local products. Local producers will never get a chance to compete with the foreign goods. Again it will pressure the currency and further depreciation is inevitable
People show essential foods but they import luxury items or things we could produce in here

9 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Fri Feb 24, 2017 1:58 am

anges


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
the best way to defend the rupee is by export but we dont manufacture much to export ! plus oil imports are hurting the economy ! energy sector should be encourage through zero tax on sloar panels this may ease the burden on oil imports and encourage many private companies to get into solar for their energy needs ! but leaders are snoring in parliament

10 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Fri Feb 24, 2017 9:30 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
Look at our imports
http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/press/press_20160506e.pdf
Only around 25% is spend for fuel (oil,gas)

11 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Fri Feb 24, 2017 8:44 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
No proper investment programs had been launched aiming export oriented industries by utilizing foreign borrowings. Not a surprise to suffer in every segment of economy now.

12 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Sat Feb 25, 2017 8:03 pm

sureshot

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
sapumal wrote:Look at our imports
http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/press/press_20160506e.pdf
Only around 25% is spend for fuel (oil,gas)


There is nothing to look our imports.

Even the underwear is imported in Srilanka.... Very Happy

if Tsunami hits Srilanka again , then US$ will fall . No other possibilities.

13 Re: RUPEE FALLS AS CB-FM CONFLICT BREWS on Sun Feb 26, 2017 9:32 am

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
sureshot wrote:
sapumal wrote:Look at our imports
http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/press/press_20160506e.pdf
Only around 25% is spend for fuel (oil,gas)


There is nothing to look our imports.

Even the underwear is imported in Srilanka.... :D

if Tsunami hits Srilanka again , then US$ will fall . No other possibilities.
Also, our major exports is Housemaids!

View previous topic View next topic Back to top  Message [Page 1 of 1]

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