The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Exclusive: Cricket match-fixers caught in the act in Sri Lanka
Today at 6:53 am by sashimaal

» BFL.N0000 (Bairaha Farms PLC)
Yesterday at 10:39 pm by seek

» MTD Walkers (KAPI)
Yesterday at 10:34 pm by seek

» RIL.N0000 ( RIL Property )
Yesterday at 7:07 am by seek

» Sri Lanka's ex-Sports minister admits sleaze
Sat May 26, 2018 10:49 pm by Ethical Trader

» HNB regrets unauthorized incident at branch and says action taken
Sat May 26, 2018 10:15 pm by Ethical Trader

» Listed Sri Lanka hospitals have strong growth prospects: Fitch
Sat May 26, 2018 10:04 pm by Ethical Trader

» ශ්‍රී ලාoකීය බෞද්ධයාගේ සම්මා දිට්ඨිය
Sat May 26, 2018 10:03 pm by Ethical Trader

» Food for Thought
Sat May 26, 2018 11:24 am by Ethical Trader

» Dividend Announcement
Fri May 25, 2018 6:04 pm by Ethical Trader

» Theory of Everything
Fri May 25, 2018 3:33 pm by Ethical Trader

» In the Meantime, Within Our Shores !
Fri May 25, 2018 9:14 am by කිත්සිරි ද සිල්වා

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Thu May 24, 2018 3:43 am by Jana1

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Wed May 23, 2018 7:34 pm by sashimaal

» ඊ.ටි.අයි ෆිනෑන්ස් විකිණිමට මහ බැංකුවේ අවසරය
Tue May 22, 2018 9:43 pm by Ethical Trader

» Elsewhere vs SL : Honesty, Social responsibility , Word twisting and Decency
Tue May 22, 2018 8:53 pm by Yin-Yang

» Whats ailing Sri Lanka ? Why we are what we are!
Tue May 22, 2018 6:02 pm by Yin-Yang

» Karl Marx and the Social Sciences
Sun May 20, 2018 11:25 pm by Backstage

» Your Face Is Now in a Database
Sun May 20, 2018 10:47 am by කිත්සිරි ද සිල්වා

» ජපානය: තත්පර විසිපහකට පෙර දුම්රිය පිටත් වූවාට 'සමාවෙන්න'
Fri May 18, 2018 10:10 pm by Ethical Trader

» Sri Lanka still good for global equity investors
Tue May 15, 2018 6:42 pm by Ethical Trader

» Thilak Karunaratne No More at SEC – Mangala Confirms
Tue May 15, 2018 12:48 pm by Ethical Trader

» Cartoon of the day...
Tue May 15, 2018 12:38 pm by Ethical Trader

» How to Mismanage a World
Tue May 15, 2018 12:31 pm by කිත්සිරි ද සිල්වා

» How the British Learnt to Speak Sinhala
Tue May 15, 2018 1:10 am by slstock

» රත්‍රං ආනයන සීඝ්‍රයෙන් ඉහළට – වෙළෙඳ හිඟය තවදුරටත් පුළුල් වෙයි
Mon May 14, 2018 5:53 pm by Ethical Trader

» ඇඟලුම් අපනයන ආදායම – ඇමරිකාවෙන් පහළට යුරෝපයෙන් ඉහළට
Mon May 14, 2018 5:52 pm by Ethical Trader

» බැඳුම්කර විදෙස් ආයෝජන ඉවතට – පෙබරවාරියේ දී ඩොලර් මිලියන 55 ක ශුද්ධ ගෙවීමක්
Mon May 14, 2018 5:51 pm by Ethical Trader

» Flying is the Safest mode of Transport
Mon May 14, 2018 5:49 pm by Ethical Trader

» Student presents thesis in underwear !
Mon May 14, 2018 5:38 pm by Ethical Trader

» රුපියල බේරගන්න ඩොලර් මිලියන 100 කින් මහ බැංකුව මැදිහත් වෙයි
Mon May 14, 2018 1:00 pm by slstock

» Hello and CSE ?
Mon May 14, 2018 12:17 pm by slstock

» LIOC.N0000 (Lanka IOC PLC)
Mon May 14, 2018 11:51 am by CK

» රටේ දේශපාලන ස්ථාවරත්වය ගැන මහ බැංකු අධිපතිගේ මතය මෙන්න
Sat May 12, 2018 12:18 pm by nihal123

» Sri Lanka rupee close flat after US$136mn interventions,stocks steady
Fri May 11, 2018 7:21 pm by The Invisible

» Sri Lanka's rupee showings signs of stabilizing: Central Bank
Fri May 11, 2018 7:17 pm by The Invisible

» Sri Lanka's central bank caught between peg and a hard place
Fri May 11, 2018 7:15 pm by The Invisible

» Sri Lanka to re-price fuel every two months on formula
Fri May 11, 2018 7:11 pm by The Invisible

» ඩොලර් රුපියල් සටන
Fri May 11, 2018 5:39 pm by Ethical Trader

» Age is just a number
Fri May 11, 2018 2:38 pm by කිත්සිරි ද සිල්වා

» Citizen Police Action
Fri May 11, 2018 8:33 am by කිත්සිරි ද සිල්වා

» In every five minutes
Wed May 09, 2018 8:00 pm by spw19721

» ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
Wed May 09, 2018 8:06 am by yellow knife

» Sri Lanka's Sampath Bank March 2018 quarter net profit up 41.4-pct
Fri May 04, 2018 8:15 pm by The Invisible

» Sri Lanka rupee gains from intervention, stocks down 0.26-pct
Fri May 04, 2018 8:11 pm by The Invisible

» Help CSE to catch manipulators!
Fri May 04, 2018 5:21 pm by Ethical Trader

» Yahapalanaya in action.
Fri May 04, 2018 4:54 pm by Ethical Trader

» COMB, HNB, SAMP, SEYB, PABC, UBC, NTB, DFCC & NDB
Fri May 04, 2018 11:47 am by The Invisible

» ජනාධිපති කාර්ය මණ්ඩල ප්‍රධානියා අල්ලස් දැලේ
Fri May 04, 2018 6:02 am by Ethical Trader

» Sri Lanka rupee gains after intervention, stocks marginally up
Thu May 03, 2018 10:12 pm by The Invisible

May 2018
SunMonTueWedThuFriSat
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Strong uptick in exports, FDI

Go down

Strong uptick in exports, FDI

Post by Backstage on Fri Dec 08, 2017 10:16 am

Strong uptick in exports, FDI

Friday, 8 December 2017

Jan-Oct merchandise exports up 10.3%
Monthly exports top $ 1 b 3 times this year
FDI grows to $ 800 m in first nine months, exceeds 2016 total


According to the latest data released by the Export Development Board, merchandise exports have grown by 10.3% during January to October 2017, compared to the same period last year.

Merchandise export earnings recorded $ 9.5 billion for the eight months to October this year, compared to $ 8.6 billion last year. Estimates in the services exports sector suggest an overall growth of 5.9% during the first eight months of the year, bringing total exports to $ 12.5 billion.

Most notably, monthly export revenues breached $ 1 billion on three occasions this year, a trend not seen in recent years. The EDB expects export earnings for the full year (Jan-Dec) to total $ 15 billion.

Within merchandise exports, fisheries exports have grown by a substantial 42%, agricultural exports by 18.5%, and industrial exports by 5.9%. Strong performance is seen in several of the ‘priority sectors’ identified under the new National Export Strategy; notably, electronics and electrical exports growing by 17.8%, spices growing by 34%, and boat building growing by over 370%.

Strong

Meanwhile, food and beverages exports have dipped by 13.3%. By export destination, earnings from exports to the European Union have increased by 4.1%, and exports to USA have increased by 1.5% during January to October this year, compared to the same period last year. Exports to the ASEAN region have grown substantially, by 45%, to $ 400 million (compared to $ 276 million last year).

Exports to India have performed strongly, growing at 24%, from $ 456 million to $ 566 million during the period in review. Meanwhile, exports to the UK have declined by 1.8%, largely on account of the depreciation of the GBP and the consumer market uncertainty due to Brexit.

Foreign Direct Investment, too, has picked up pace. Data from the Board of Investment indicates a substantial uptick in FDI inflows to the country of $ 795.5 million during January to September this year; 80% higher than the same period last year and already exceeding the full year 2016.

The BOI expects FDI for the full year 2017 to total $ 1.36 billion. The manufacturing and services sectors have seen the larger share of FDI inflows – of $ 397 m, while the infrastructure and utilities sectors received $ 352.5 m.

FDI from China (including Hong Kong) is around 35% of FDI to date, while India is 16.4%, and Singapore is 9.3%. Others in the top 10 countries for FDI into Sri Lanka are Netherlands, United Kingdom, Japan, Malaysia, Sweden, and Australia.

Several steps have been taken to streamline and strengthen the investment approvals and facilitation process over the past few months, and these measures have begun showing results.
avatar
Backstage
Top contributor
Top contributor

Posts : 3270
Join date : 2014-02-24

Back to top Go down

Re: Strong uptick in exports, FDI

Post by Ethical Trader on Fri Dec 08, 2017 12:09 pm

Thanks Back. Good performance.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3691
Join date : 2014-02-28

Back to top Go down

Back to top


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