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nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Thread for News on CSE and SL Economy
Mon Apr 01, 2019 12:52 pm
කෑගල්ලේ ලාභාංශය ආචාර්ය යද්දෙහිගේ ට එරෙහි වෙයි. සුරැකුම්පත් කොමිසමෙන් නඩු
April, 1, 2019
මෙරට ප්‍රකෝටිපති ව්‍යාපාරිකයෙකු වන, රිචඩ් පීරිස් සමාගම් සමූහයේ සභාපති ආචාර්ය සේන යද්දෙහිගේ මහතාට විරුද්ධව ශ්‍රී ලංකා සුරැකුම්පත් හා විනිමය කොමිසම විසින් කොළඹ මහේස්ත්‍රාත් අධිකරණයේ නඩුවක් ගොනු කර තිබේ.
රිචඩ් පීරිස් සමූහයේ අනුබද්ධ සමාගමක් වන කෑගල්ල වැවිලි සමාගම විසින් 2015 ජූලි 10 වන දින සමාගමේ එක් කොටසක් වෙනුවෙන් ප්‍රකාශයට පත් කරන ලද රු. 45.00 ක දැවැන්ත ලාභාංශය මේ සඳහා හේතු වී ඇත. මෙහිදී සුරැකුම්පත් කොමිසම කියා සිටින්නේ මෙකී ලාභාංශ ප්‍රකාශයට පෙර ඊට ආසන්න දිනක දී කෑගල්ල වැවිලි සමාගමේ කොටස් මිල දී ගැනීමක්, ආචාර්ය යද්දෙහිගේ විසින් සිදුකර ඇති බවයි.
මෙය කොටස් වෙළෙඳපොළ අභ්‍යන්තරික වෙළෙඳාම (Insider trading) ගණයට ලා ගැනෙන වැරැද්දක් වේ.
ආචාර්ය යද්දෙහිගේට අමතර, මෙම වරද සඳහා ඔහුට ආධාර හා අනුබල දීමේ චෝදනාව මත, සුබ්‍රමනියම් තිනමානි නැමැත්තෙකුට ද මෙහිදී චෝදනා ගොනු වී තිබේ.
කෑගල්ල වැවිලි සමාගමේ මෙකී ලාභාංශය ප්‍රකාශයට පත්වීමත් සමඟ 2015 ජූලි 10 දින රු. 95 ක්ව පැවති සමාගමේ කොටසක මිල ඊට පසු ගනුදෙනු දිනය වූ 2010 ජූලි 13 දින රු. 140 ක් දක්වා දැවැන්ත ඉහළ යාමක් වාර්තා කළේය.
රිචඩ් පීරිස් සමූහයේ අනුබද්ධ සමාගමක් වන කෑගල්ල වැවිලි සමාගම විසින් 2015 ජූලි 10 වන දින සමාගමේ එක් කොටසක් වෙනුවෙන් ප්‍රකාශයට පත් කරන ලද රු. 45.00 ක දැවැන්ත ලාභාංශය මේ සඳහා හේතු වී ඇත. මෙහිදී සුරැකුම්පත් කොමිසම කියා සිටින්නේ මෙකී ලාභාංශ ප්‍රකාශයට පෙර ඊට ආසන්න දිනක දී කෑගල්ල වැවිලි සමාගමේ කොටස් මිල දී ගැනීමක්, ආචාර්ය යද්දෙහිගේ විසින් සිදුකර ඇති බවයි.
මෙය කොටස් වෙළෙඳපොළ අභ්‍යන්තරික වෙළෙඳාම (Insider trading) ගණයට ලා ගැනෙන වැරැද්දක් වේ.
ආචාර්ය යද්දෙහිගේට අමතර, මෙම වරද සඳහා ඔහුට ආධාර හා අනුබල දීමේ චෝදනාව මත, සුබ්‍රමනියම් තිනමානි නැමැත්තෙකුට ද මෙහිදී චෝදනා ගොනු වී තිබේ.
කෑගල්ල වැවිලි සමාගමේ මෙකී ලාභාංශය ප්‍රකාශයට පත්වීමත් සමඟ 2015 ජූලි 10 දින රු. 95 ක්ව පැවති සමාගමේ කොටසක මිල ඊට පසු ගනුදෙනු දිනය වූ 2010 ජූලි 13 දින රු. 140 ක් දක්වා දැවැන්ත ඉහළ යාමක් වාර්තා කළේය.
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Thread for News on CSE and SL Economy
Mon Apr 01, 2019 2:15 pm
ලංකා හෝස්පිටල් අධ්යක්ෂ මණ්ඩලයේ දැවැන්ත වෙනස්කම් රැසක්
April, 1, 2019
කොළඹ කොටස් වෙළෙඳපොළේ ලැයිස්තුගත රෝහල් සමාගමක් වන ලංකා හොස්පිටල්ස් කෝපරේෂන් පීඑල්සී හි අධ්යක්ෂ මණ්ඩලයේ විශාල වෙනස්කම් රැසක් වාර්තා වී තිබේ.
මේ අනුව සමාගමේ අධ්යක්ෂ මණ්ඩල සාමාජිකයින් වූ වෛද්‍ය සරත් පරණවිතාන, පූජ්‍ය තීනියාවල පාලිත හිමි, නන්දන ජයන්ත මුණසිංහ, අසේන්ද්‍ර චමින්ද සිරිවර්ධන, කීර්ති කොටගම, සාඩි වඩූඩ් හා වෛද්‍ය අනිල් අබේවික්‍රම යන අය 2019 මාර්තු මාසයේ අවසානයේ සිට බලපැවැත්වෙන පරිදි අදාළ තනතුරුවලින් ඉල්ලා අස් වී තිබේ.
මේ අතර රෝහලේ නව අධ්යක්ෂ මණ්ඩල සාමාජිකයින් ලෙසින් සිද්දි ෆාරුක් (සභාපති), වෛද්‍ය අනුර විජේවර්ධන, ජයන්ති ගුණවර්ධන, උපුලාංගනී මාලගමුව, රාජු ඒ. චන්දිරම් හා අජිත් උදය අමරසේකර යන අය 2019 මාර්තු 29 දින සිට බලපැවැත්වෙන පරිදි පත් කර ඇත.
ලංකා හොස්පිටල්ස් පීඑල්සී හි සමාගම් ලේකම්වරයා විසින් මේ බව අද (01) දින කොළඹ කොටස් වෙළෙඳපොළ වෙත දැනුම් දී තිබේ.
මේ අනුව සමාගමේ අධ්යක්ෂ මණ්ඩල සාමාජිකයින් වූ වෛද්‍ය සරත් පරණවිතාන, පූජ්‍ය තීනියාවල පාලිත හිමි, නන්දන ජයන්ත මුණසිංහ, අසේන්ද්‍ර චමින්ද සිරිවර්ධන, කීර්ති කොටගම, සාඩි වඩූඩ් හා වෛද්‍ය අනිල් අබේවික්‍රම යන අය 2019 මාර්තු මාසයේ අවසානයේ සිට බලපැවැත්වෙන පරිදි අදාළ තනතුරුවලින් ඉල්ලා අස් වී තිබේ.
මේ අතර රෝහලේ නව අධ්යක්ෂ මණ්ඩල සාමාජිකයින් ලෙසින් සිද්දි ෆාරුක් (සභාපති), වෛද්‍ය අනුර විජේවර්ධන, ජයන්ති ගුණවර්ධන, උපුලාංගනී මාලගමුව, රාජු ඒ. චන්දිරම් හා අජිත් උදය අමරසේකර යන අය 2019 මාර්තු 29 දින සිට බලපැවැත්වෙන පරිදි පත් කර ඇත.
ලංකා හොස්පිටල්ස් පීඑල්සී හි සමාගම් ලේකම්වරයා විසින් මේ බව අද (01) දින කොළඹ කොටස් වෙළෙඳපොළ වෙත දැනුම් දී තිබේ.
NIRMALSG- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: Thread for News on CSE and SL Economy
Mon Apr 01, 2019 5:09 pm
Private credit in Sri Lanka turns negative after four years in Jan 2019
ECONOMYNEXT - Sri Lanka's credit to private borrowers from commercial banks turned negative in January 2019 for the first time since 2014, official data showed in the wake of two currency collapses in 2018 and a political crisis in the last quarter.
Private credit was last negative in May 2014.
The rupee stabilized in January.
Weak credit allows the central bank to purchase dollars exercising its strong side convertibility undertakings and mop up inflows, shrink the external current account and build reserves by keeping the system slightly tighter than a free market peg (currency board).
Credit Slowdown
Outstanding private credit fell 4.3 billion rupees from 5,561.4 billion rupees in December 2018 to 5,557.1 billion rupees in January 2019.
Credit to state enterprises also contracted 44.3 billion rupees to 711.1 billion rupees, for reasons that are not clear.
Total credit to government rose 110.2 billion rupees in January, including 43.7 billion rupees in central bank credit.
Central bank credit expanded 43.7 billion rupees to 515 billion rupees in January from 471.3 billion rupees in December with the monetary authority using part of its forex reserves to part settle a billion US dollar bond in January 2019.
In Sri Lanka the way central bank reserves are appropriated do not cause pressure on the currency (monetary policy neutral) as the transaction goes through one bank without affecting reserve money.
Currency Collapse
Sri Lanka rupee fell from 153 in January to around 161 by August as the central bank stopped sterilization auctions in February 2018 and printed tens of billions of rupees to enforce a rate cut in April as well as re-finance a so-called 'buffer strategy'.
From February to 2018 to end April 2018, central bank credit rocketed from 225 billion rupees to 291.3 billion rupees. The rupee ended up at 161 to the US dollar in the first run.
In the second run central bank credit rose from 245 billion rupees in August to 471 billion rupees by December. Part of the money was printed after pressure was triggered on the rupee after defending the currency when capital flight intensified during a political crisis.
President Maithripala Sirisena, appointed Mahinda Rajapaska as Prime Minister suddenly and illegally suspended parliament, harming foreign investor confidence.
The rupee fell to 182 by the end of the year.
With private credit slowing or contracting, pressure went off the rupee in January. Meanwhile the central bank has bought dollars in 2019.
But it also allowed the rupee to appreciate in 2019. It takes longer for a country recover from a credit contraction when the currency also falls.
After the 1997-98 East Asia crisis, Hong Kong which had a currency board (hard peg with floating interests) was the first to recover with its gross domestic product reaching pre-crisis levels by 1999.
Monetary Instability
Sri Lanka's soft-pegged central bank is a key challenge to the country's progress, which has been printing money and generating instability since it was set up in 1950.
Money printing causes cascading expansion in credit pushing imports up and making dollar outflows exceed inflows, leading to pressure on the pegged exchange rate.
The central bank prints money to cut the rate weakening the peg (pushing the peg from the strong side of its convertibility undertaking to the weak side) but does not allow rates to float to bring the peg back to the strong side.
It then injects liquidity and fnally raises rates when instability worsens and after the rupee has fallen in a strategy dubbed 'rawulath ne kendath ne' by critics.
In 2019 however the central bank injected most money through term auctions which may have allowed the crisis to end faster.
In Sri Lanka authorities are driven by Mercantilism and believe that balance of payments troubles comes from imports and not by money printing and credit.
Analysts have also faulted the International Monetary Fund for giving Sri Lanka a forex reserve target (with an implicit strong side convertibility undertaking) but no commensurate ceilings on domestic assets to block money printing and keep the peg on the strong side.
In 2017 the central bank wantonly pushed its convertibility undertaking from 150 to 153 rupees to the US dollars based on a real effective exchange rate targeting strategy despite the peg being on the strong side. (Colombo/April01/2019)
ECONOMYNEXT - Sri Lanka's credit to private borrowers from commercial banks turned negative in January 2019 for the first time since 2014, official data showed in the wake of two currency collapses in 2018 and a political crisis in the last quarter.
Private credit was last negative in May 2014.
The rupee stabilized in January.
Weak credit allows the central bank to purchase dollars exercising its strong side convertibility undertakings and mop up inflows, shrink the external current account and build reserves by keeping the system slightly tighter than a free market peg (currency board).
Credit Slowdown
Outstanding private credit fell 4.3 billion rupees from 5,561.4 billion rupees in December 2018 to 5,557.1 billion rupees in January 2019.
Credit to state enterprises also contracted 44.3 billion rupees to 711.1 billion rupees, for reasons that are not clear.
Total credit to government rose 110.2 billion rupees in January, including 43.7 billion rupees in central bank credit.
Central bank credit expanded 43.7 billion rupees to 515 billion rupees in January from 471.3 billion rupees in December with the monetary authority using part of its forex reserves to part settle a billion US dollar bond in January 2019.
In Sri Lanka the way central bank reserves are appropriated do not cause pressure on the currency (monetary policy neutral) as the transaction goes through one bank without affecting reserve money.
Currency Collapse
Sri Lanka rupee fell from 153 in January to around 161 by August as the central bank stopped sterilization auctions in February 2018 and printed tens of billions of rupees to enforce a rate cut in April as well as re-finance a so-called 'buffer strategy'.
From February to 2018 to end April 2018, central bank credit rocketed from 225 billion rupees to 291.3 billion rupees. The rupee ended up at 161 to the US dollar in the first run.
In the second run central bank credit rose from 245 billion rupees in August to 471 billion rupees by December. Part of the money was printed after pressure was triggered on the rupee after defending the currency when capital flight intensified during a political crisis.
President Maithripala Sirisena, appointed Mahinda Rajapaska as Prime Minister suddenly and illegally suspended parliament, harming foreign investor confidence.
The rupee fell to 182 by the end of the year.
With private credit slowing or contracting, pressure went off the rupee in January. Meanwhile the central bank has bought dollars in 2019.
But it also allowed the rupee to appreciate in 2019. It takes longer for a country recover from a credit contraction when the currency also falls.
After the 1997-98 East Asia crisis, Hong Kong which had a currency board (hard peg with floating interests) was the first to recover with its gross domestic product reaching pre-crisis levels by 1999.
Monetary Instability
Sri Lanka's soft-pegged central bank is a key challenge to the country's progress, which has been printing money and generating instability since it was set up in 1950.
Money printing causes cascading expansion in credit pushing imports up and making dollar outflows exceed inflows, leading to pressure on the pegged exchange rate.
The central bank prints money to cut the rate weakening the peg (pushing the peg from the strong side of its convertibility undertaking to the weak side) but does not allow rates to float to bring the peg back to the strong side.
It then injects liquidity and fnally raises rates when instability worsens and after the rupee has fallen in a strategy dubbed 'rawulath ne kendath ne' by critics.
In 2019 however the central bank injected most money through term auctions which may have allowed the crisis to end faster.
In Sri Lanka authorities are driven by Mercantilism and believe that balance of payments troubles comes from imports and not by money printing and credit.
Analysts have also faulted the International Monetary Fund for giving Sri Lanka a forex reserve target (with an implicit strong side convertibility undertaking) but no commensurate ceilings on domestic assets to block money printing and keep the peg on the strong side.
In 2017 the central bank wantonly pushed its convertibility undertaking from 150 to 153 rupees to the US dollars based on a real effective exchange rate targeting strategy despite the peg being on the strong side. (Colombo/April01/2019)
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Thread for News on CSE and SL Economy
Tue Apr 02, 2019 8:33 pm
ආණ්ඩුවේ සල්ලි ප්‍රමාදයි. ණයකර පොළී ගෙවන්න විදියක් නැහැ – MTD Walkers කියයි
April, 2, 2019
සිය සමාගම විසින් සිදුකරනු ලබන ව්‍යාපෘති වෙනුවෙන් ලැබිය යුතු මුදල් ප්‍රමාද වීම හේතුවෙන් 2019 මාර්තු 31 දින වන විට ගෙවිය යුතු ණයකර පොළී මුදල්, ගෙවීමට නොහැකි තත්ත්වයක් පැන නැඟී ඇති බව MTD Walkers PLC පවසයි.
මෙහිදී වැඩිදුරටත් සමාගම කියා සිටින්නේ රජයේ ව්‍යාපෘති සඳහා ලැබිය යුතු මුදල් ප්‍රමාද වීම හේතුවෙන් මෙම අර්බුදයට මුහුණ පෑමට සමාගමට සිදුව ඇති බවයි.
කෙසේ වෙතත් 2019 මාර්තු 31 දිනට ගෙවිය යුතු ණයකර පොළී මුදල්, 2019 අප්‍රේල් 30 හෝ ඊට පෙර ගෙවීමට කටයුතු යොදන බවත්, ගිවිසුමේ සඳහන් පරිදි සිදුව ඇති ප්‍රමාදය හේතුවෙන් 2% ක දණ්ඩන පොළියක් (Penal interest) ගෙවීමට සමාගම පියවර ගන්නා බවත් MTD Walkers PLC පවසා සිටී.
සමාගමේ උප සභාපති (සමූහ මූල්‍ය පාලක) රොසෑන් ජමීල් ගේ අත්සනින් යුතුව, කොළඹ කොටස් වෙළෙඳපොළ වෙත ලිපියක් යවමින් MTD Walkers PLC මේ බව දැනුම් දී ඇත.
මෙහිදී වැඩිදුරටත් සමාගම කියා සිටින්නේ රජයේ ව්‍යාපෘති සඳහා ලැබිය යුතු මුදල් ප්‍රමාද වීම හේතුවෙන් මෙම අර්බුදයට මුහුණ පෑමට සමාගමට සිදුව ඇති බවයි.
කෙසේ වෙතත් 2019 මාර්තු 31 දිනට ගෙවිය යුතු ණයකර පොළී මුදල්, 2019 අප්‍රේල් 30 හෝ ඊට පෙර ගෙවීමට කටයුතු යොදන බවත්, ගිවිසුමේ සඳහන් පරිදි සිදුව ඇති ප්‍රමාදය හේතුවෙන් 2% ක දණ්ඩන පොළියක් (Penal interest) ගෙවීමට සමාගම පියවර ගන්නා බවත් MTD Walkers PLC පවසා සිටී.
සමාගමේ උප සභාපති (සමූහ මූල්‍ය පාලක) රොසෑන් ජමීල් ගේ අත්සනින් යුතුව, කොළඹ කොටස් වෙළෙඳපොළ වෙත ලිපියක් යවමින් MTD Walkers PLC මේ බව දැනුම් දී ඇත.
- NIRMALSG
- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: Thread for News on CSE and SL Economy
Wed Apr 03, 2019 5:15 am
http://www.lankabusinessonline.com/50-percent-probability-for-a-policy-rate-cut-in-april-first-capital-research/
Apr 02, 2019 (LBO) – First Capital Research allocates a 50 percent probability for a policy rate cut in Apr 2019 as they are of the view that policy intervention is appropriate to address the overly sluggish economic growth.
Sluggish sentiment in Sri Lanka’s economy has been a major concern with the latest GDP growth for 4Q2018 recording an alarmingly low 1.8 percent.
Growth protracted in 2018 with annual GDP growth trimming to 3.2 percent compared to 3.4 percent in 2017.
“Keeping in line with the possible introduction of a single policy rate, we believe a rate cut, if at all, will be applicable only to SLFR,” the firm said in a pre-policy analysis.
“However, considering the negative liquidity position we allocate a further 50% probability for no change in rates as CBSL may consider delaying the rate cut up to the next policy meeting in May 2019.”
The Monetary Policy Review No. 2 of 2019 which was previously scheduled to be issued on 10 April 2019 as announced in the Road Map 2019, has been rescheduled to 08 April 2019 at 4.30 p.m.
The Central Bank reduced the SRR by 100bps to 5 percent in February to address the large and persistent liquidity deficit which prevailed in the domestic money market.
“More recently the minor level of foreign inflows and the subsequent foreign remittance conversions are having an impact on liquidity curtailing the deficit while we expect the situation to further improve over the next few weeks,”
“Political uncertainty has worn off to a certain extent with the TNA supporting the UNF Government on the passing of the budget.”
The rupee continued to strengthen to close at 176.17 on 28 Mar 2019 supported by foreign remittance conversions and foreign inflows.
“We expect the REER to have reached 97-98 range with the rupee appreciation together with the strengthening of the dollar index in Feb and Mar 2019,” First Capital Research said.
“REER for Jan 2019 recorded at 94.18 indicating the undervaluation of the currency.”
Meanwhile, the Fed reserve officials have decided to keep rates unchanged at the meeting held in March and signaled to pause rate hikes in 2019 while certain analysts expect a possible reversal instance to a single rate cut in late 2019.
“Global fund flow which is already shifting towards emerging markets is likely to further strengthen and continue with the US yields easing off,” First Capital Research said.
“Resultant to the continuous foreign inflow witnessed in the secondary market since Mar 2019, short to belly end of the yield curve plunged by 5-23bps shifting downwards while equity market witnessed a net foreign outflow.”
ruwan326- Posts : 1744
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Re: Thread for News on CSE and SL Economy
Wed Apr 03, 2019 2:59 pm
Colombo Consumer Price Index hits 4.3% year-on-year during March 2019
April, 3, 2019
Sri Lanka’s Colombo Consumer Price Index (CCPI) accelerated to 4.3% year-on-year in March this year from 4% recorded in February, as inflation on non-food items increased, recent statistics outline. Accordingly Department of Census and Statistics latest data noted that the price deflation in food items during March 2019 remained unchanged at 1.4% year-on-year, while the inflation on non-food items accelerated to 6.7% from 6.4% a month ago.
Meanwhile the data also highlighted that the 12-month moving average inflation in March remained unchanged at 4.1% for the third consecutive month, as the moving average inflation on non-food items increased to 5.3% from 5.1% a month earlier, though food inflation decelerated to 1.2% from 1.7%.
[url= http://bizenglish.adaderana.lk/colom...ng-march-2019/][/url]
April, 3, 2019
Sri Lanka’s Colombo Consumer Price Index (CCPI) accelerated to 4.3% year-on-year in March this year from 4% recorded in February, as inflation on non-food items increased, recent statistics outline. Accordingly Department of Census and Statistics latest data noted that the price deflation in food items during March 2019 remained unchanged at 1.4% year-on-year, while the inflation on non-food items accelerated to 6.7% from 6.4% a month ago.
Meanwhile the data also highlighted that the 12-month moving average inflation in March remained unchanged at 4.1% for the third consecutive month, as the moving average inflation on non-food items increased to 5.3% from 5.1% a month earlier, though food inflation decelerated to 1.2% from 1.7%.
[url= http://bizenglish.adaderana.lk/colom...ng-march-2019/][/url]
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කොටස් වෙළෙඳපොළෙන් අර්ධ ශතකයක්
April, 4, 2019
කලකට පසු කොළඹ කොටස් වෙළෙඳපොළ මිල දර්ශකයන් හි කැපී පෙනෙන ඉහළ යාමක් අද (04) දින වාර්තා විය.
මෙහිදී සියලු කොටස් මිල දර්ශකය දිනය තුළ දී ඒකක 56.06 කින් ඉහළ ගිය අතර එය පෙර දිනයට සාපේක්ෂව 1% ක වර්ධනයක් ලෙසින් වාර්තා වේ. මේ අනුව දිනය අවසානයේ දී සියලු කොටස් මිල දර්ශක අගය ඒකක 5,653.43 ක් ලෙසින් සටහන් විය.
මේ අතර අද දින සමස්ත ගනුදෙනු පිරිවැටුම රුපියල් මිලියන 563.59 ක් ලෙසින් වාර්තා වුණි. මෙහිදී රුපියල් මිලියන 399.75 ක් විදේශීය විකුණුම් ලෙසත්, රු. මිලියන 142.27 ක් විදේශීය ගැණුම් ලෙසත් දක්නට විය.
වසරේ මේ දක්වා කාලය තුළ සාමාන්‍ය දෛනික පිරිවැටුම රුපියල් මිලියන 640 ක් ලෙසින් වාර්තා වේ.
කෙසේ වෙතත් අද (04) දින දක්වා කාලපරිච්ඡේදය තුළ දී කොටස් වෙළෙඳපොළ කාර්යසාධනය සැලකීමේ දී 2019 වසර තුළ සියලු කොටස් මිල දර්ශකය 6.59% කින් පහළ ගොස් තිබේ.
April, 4, 2019
කලකට පසු කොළඹ කොටස් වෙළෙඳපොළ මිල දර්ශකයන් හි කැපී පෙනෙන ඉහළ යාමක් අද (04) දින වාර්තා විය.
මෙහිදී සියලු කොටස් මිල දර්ශකය දිනය තුළ දී ඒකක 56.06 කින් ඉහළ ගිය අතර එය පෙර දිනයට සාපේක්ෂව 1% ක වර්ධනයක් ලෙසින් වාර්තා වේ. මේ අනුව දිනය අවසානයේ දී සියලු කොටස් මිල දර්ශක අගය ඒකක 5,653.43 ක් ලෙසින් සටහන් විය.
මේ අතර අද දින සමස්ත ගනුදෙනු පිරිවැටුම රුපියල් මිලියන 563.59 ක් ලෙසින් වාර්තා වුණි. මෙහිදී රුපියල් මිලියන 399.75 ක් විදේශීය විකුණුම් ලෙසත්, රු. මිලියන 142.27 ක් විදේශීය ගැණුම් ලෙසත් දක්නට විය.
වසරේ මේ දක්වා කාලය තුළ සාමාන්‍ය දෛනික පිරිවැටුම රුපියල් මිලියන 640 ක් ලෙසින් වාර්තා වේ.
කෙසේ වෙතත් අද (04) දින දක්වා කාලපරිච්ඡේදය තුළ දී කොටස් වෙළෙඳපොළ කාර්යසාධනය සැලකීමේ දී 2019 වසර තුළ සියලු කොටස් මිල දර්ශකය 6.59% කින් පහළ ගොස් තිබේ.
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Re: Thread for News on CSE and SL Economy
Thu Apr 04, 2019 7:54 pm
Thanks Nirmal
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Fri Apr 05, 2019 7:35 pm
Govt., CB push banks to cut rates and lend more to SMEs
4 April 2019
The government and Central Bank in lockstep are pushing the banks to cut rates and deploy more funds as loans to the micro, small and medium enterprise (MSME) sector as the authorities attempt to reinvigorate the economy, which has lost its momentum. In a hurriedly called meeting with the bank chieftains held yesterday, at the Temple Trees, Economic Reforms and Public Distribution Minister Harsha de Silva was said to have urged the banks to accelerate lending to the economy, specially to the MSMEs, Mirror Business learns.
The closed door meeting was attended by Central Bank Governor Dr. Indrajit Coomaraswamy, Finance State Minister Eran Wickramaratne, several other lawmakers and some key bureaucrats.
The banking sector officials attending the meeting, including chief executive officers, chief financial officers and other key representatives, said to have pointed out that the current political logjam and the already poor economic outlook prevented them from taking any new risks. Sri Lankan banks recorded extremely high loan impairments and a significant increase in non-performing loans (NPLs) in 2018.
Sri Lanka’s economy lost momentum since 2016 due to a combination of bad fiscal and monetary policies. The growth slowed to 3.2 percent last year, well below the economy’s potential, following the tight policies implemented since mid-2016.
The data for January showed a de-growth in private sector credit to the tune of Rs.4.2 billion and the Monetary Board in February slashed the Statutory Reserve Ratio by 100 basis points to release liquidity to the market.
The weak data would have certainly troubled the policymakers who have been taking every measure to accelerate growth, as the country is facing some crucial elections in a few months’ time, where the stakes for the ruling party remain high.
Analysts and economists blame the weak ‘animal spirits’ in the economy for the current impasse as consumers and businesses lack confidence in the system.
The consistently weak data could force the Monetary Board to relax the monetary policy next week at its second meeting for the year, to prop up the sluggish economy.
First Capital Research in a report this week said a probability of a rate cut has gone up by 40 percent after the weak fourth quarter GDP growth, which came in at a shockingly low of 1.8 percent.
They see a 50 percent chance for a cut in the Standing Lending Facility Rate by at least 25 basis points.
The fiscal policy has offered little to support the economy so far.
But the recent budget proposed multiple money deploying programmes ranging from providing funds to the newly married for housing and concessionary funding for entrepreneurs and MSMEs.
Meanwhile, the government’s flagship Enterprise Sri Lanka concessionary loan programme has already disbursed about Rs.79 billion across various sectors in little under one year since its launch, to help assist those who want state support to start a business.
http://www.dailymirror.lk/business-news/Govt---CB-push-banks-to-cut-rates-and-lend-more-to-SMEs/273-165012
4 April 2019
The government and Central Bank in lockstep are pushing the banks to cut rates and deploy more funds as loans to the micro, small and medium enterprise (MSME) sector as the authorities attempt to reinvigorate the economy, which has lost its momentum. In a hurriedly called meeting with the bank chieftains held yesterday, at the Temple Trees, Economic Reforms and Public Distribution Minister Harsha de Silva was said to have urged the banks to accelerate lending to the economy, specially to the MSMEs, Mirror Business learns.
The closed door meeting was attended by Central Bank Governor Dr. Indrajit Coomaraswamy, Finance State Minister Eran Wickramaratne, several other lawmakers and some key bureaucrats.
The banking sector officials attending the meeting, including chief executive officers, chief financial officers and other key representatives, said to have pointed out that the current political logjam and the already poor economic outlook prevented them from taking any new risks. Sri Lankan banks recorded extremely high loan impairments and a significant increase in non-performing loans (NPLs) in 2018.
Sri Lanka’s economy lost momentum since 2016 due to a combination of bad fiscal and monetary policies. The growth slowed to 3.2 percent last year, well below the economy’s potential, following the tight policies implemented since mid-2016.
The data for January showed a de-growth in private sector credit to the tune of Rs.4.2 billion and the Monetary Board in February slashed the Statutory Reserve Ratio by 100 basis points to release liquidity to the market.
The weak data would have certainly troubled the policymakers who have been taking every measure to accelerate growth, as the country is facing some crucial elections in a few months’ time, where the stakes for the ruling party remain high.
Analysts and economists blame the weak ‘animal spirits’ in the economy for the current impasse as consumers and businesses lack confidence in the system.
The consistently weak data could force the Monetary Board to relax the monetary policy next week at its second meeting for the year, to prop up the sluggish economy.
First Capital Research in a report this week said a probability of a rate cut has gone up by 40 percent after the weak fourth quarter GDP growth, which came in at a shockingly low of 1.8 percent.
They see a 50 percent chance for a cut in the Standing Lending Facility Rate by at least 25 basis points.
The fiscal policy has offered little to support the economy so far.
But the recent budget proposed multiple money deploying programmes ranging from providing funds to the newly married for housing and concessionary funding for entrepreneurs and MSMEs.
Meanwhile, the government’s flagship Enterprise Sri Lanka concessionary loan programme has already disbursed about Rs.79 billion across various sectors in little under one year since its launch, to help assist those who want state support to start a business.
http://www.dailymirror.lk/business-news/Govt---CB-push-banks-to-cut-rates-and-lend-more-to-SMEs/273-165012
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Sri Lanka's Softlogic opens supermarkets in hospitals chain
ECONOMYNEXT - Sri Lanka’s Softlogic Holdings said it is opening ‘mini format’ Glomark supermarkets in its hospitals chain to make best use of links between group units and larger format outlets in densely populated suburbs.
Two ‘Glomark Essentials’ outlets have been opened at Asiri Central Hospitals in Colombo and Asiri Hospital in Kandy in the central hills, a statement said.
The strategy to have the big format Softlogic Glomark along with the new mini format Glomark Essentials is part of Softlogic’s plans for rapid expansion and growth of the brand.
The supermarket chain was launched by Softlogic Supermarkets Pvt Ltd, a subsidiary of Softlogic Retail (Pvt) Ltd, under the ultimate parent group, Softlogic Holdings PLC.
Ashok Pathirage, chairman of Softlogic Holdings, said the smaller outlets enables shoppers to get daily essentials within the environs of the Asiri Central Hospitals in Colombo and Asiri Hospital Kandy, “also optimizing group synergies.”
Another smaller outlet will be opened in June this year at Orion City, an IT business park, which will be followed up by the multiple large format outlets in the suburbs of Kottawa, Mount Lavinia and other ‘consumer-dense’ cities, he said.
(COLOMBO, April 05, 2019-SB)
ECONOMYNEXT - Sri Lanka’s Softlogic Holdings said it is opening ‘mini format’ Glomark supermarkets in its hospitals chain to make best use of links between group units and larger format outlets in densely populated suburbs.
Two ‘Glomark Essentials’ outlets have been opened at Asiri Central Hospitals in Colombo and Asiri Hospital in Kandy in the central hills, a statement said.
The strategy to have the big format Softlogic Glomark along with the new mini format Glomark Essentials is part of Softlogic’s plans for rapid expansion and growth of the brand.
The supermarket chain was launched by Softlogic Supermarkets Pvt Ltd, a subsidiary of Softlogic Retail (Pvt) Ltd, under the ultimate parent group, Softlogic Holdings PLC.
Ashok Pathirage, chairman of Softlogic Holdings, said the smaller outlets enables shoppers to get daily essentials within the environs of the Asiri Central Hospitals in Colombo and Asiri Hospital Kandy, “also optimizing group synergies.”
Another smaller outlet will be opened in June this year at Orion City, an IT business park, which will be followed up by the multiple large format outlets in the suburbs of Kottawa, Mount Lavinia and other ‘consumer-dense’ cities, he said.
(COLOMBO, April 05, 2019-SB)
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Sun Apr 07, 2019 6:19 am
බ්‍රැන්ඩික්ස් ශ්‍රී ලංකාවේ ඉහළම LEED Platinum ශ්‍රේණිගත කිරීමට හිමිකම් කියයි
ශ්‍රී ලංකාවේ ප්‍රමුඛ පෙළේ ඇඟළුම් නිෂ්පාදන සමාගමක් වන බ්‍රැන්ඩික්ස්, පාරිසරික යහපැවැත්ම වෙනුවෙන් නිරන්තරවම අවධානය යොමුකරන සමාගමකි. එම සමාගම් සමූහයේ මඩකළපුව ඇඟළුම් කර්මාන්තශාලාව පසුගියදා LEED Platinum ශ්‍රේණිගත කිරීමෙන් ශ්‍රී ලංකාවේ ප්‍රමුඛස්ථානය ලබාගැනීමට සමත්ව සිටී. ‘කර්මාන්ත නිෂ්පාදන’ ^Industrial Manufacturing& අංශයෙන් බ්‍රැන්ඩික්ස් සමාගම සිය ගමන් මගෙහි මෙම සුවිශේෂී සංධිස්ථානය සනිටුහන් කරන ලදී. LEED Platinum ශ්‍රේණිගත කිරීම් අනුව ලෝකයේ දෙවැනි ස්ථානය හිමිකරගෙන සිටින්නේද මඩකළපුව බ්‍රැන්ඩික්ස් කර්මාන්තශාලාව වීම තවත් අතකින් බ්‍රැන්ඩික්ස් විශිෂ්ටත්වය ලොවට කියා පායි.
LEED (බලශක්ති හා පාරිසරික නිර්මාණකරණයෙහි නායකත්වය), යනු ඇමෙරිකා එක්සත් ජනපදයේ හරිත ගොඩනැගිලි කවුන්සිලය (USGBC) විසින් පාරිසරික තිරසාරභාවය වෙනුවෙන් පිරිනමන ජාත්‍යන්තර කීර්තිමත් ශ්‍රේණිගත කිරීමකි. වියදම් අවම කරගනිමින්, වඩාත් ඵලදායී ආකාරයට සෞඛ්‍යයට හිතකර ගොඩනැගිලි ඉදිකර පවත්වාගෙන යන ආයතනයන් වෙත මෙම ශ්‍රේණිගත කිරීම ලබාගැනීමේ හැකියාව පවතී. ඵලදායී බලශක්ති භාවිතය, සුරක්ෂිත ජල භාවිතය සහ විශිෂ්ට අපද්‍රව්‍ය කළමනාකරණය මෙන්ම කාබන් පිටවීම අවම කිරීම යන කරුණු පිළිබඳව බ්‍රැන්ඩික්ස් සමාගම දක්වන උනන්දුව හා කැපවීමද මෙම ශ්‍රේණිගත කිරීමත් සමග අපට පැහැදිලි වේ.
ශ්‍රී ලංකාව තුළ ක්‍රියාත්මක වන බ්‍රැන්ඩික්ස් ඇඟළුම් කර්මාන්තශාලා ජාලය අතර විශාලතම කර්මාන්තශාලාව වන්නේ මඩකළපුව බ්‍රැන්ඩික්ස් ඇඟළුම් නිෂ්පාදනායතනයයි. මඩකළපුව ආශ්‍රිතව ජීවත්වන 5,000කට අධික පිරිසකට මෙම කර්මාන්තශාලාව මගින් ජීවිකාව සලසා ගැනීමට අවස්ථාව උදාකර දී තිබේ.
බ්‍රැන්ඩික්ස් සමාගම ලද මෙම සුවිශේෂී ජයග්‍රහණය පිළිබඳව අදහස් දක්වමින් එම සමාගමේ ඉංජිනේරු ප්‍රධානී - ඉරේෂ සෝමරත්න මහතා මෙසේ පවසා සිටී. “අප ක්‍රියාත්මක වන්නේ යම් තැනකද, එහි අපගේ මෙහෙයුම් කටයුතු කෙතරම් තිරසාරභාවයෙන් යුක්තව සිදුවෙනවාද යන්න පිළිබඳව LEED Platinum ශ්‍රේණිගත කිරීමට හිමිකම් කීමෙන් පැහැදිලි වෙනවා. බ්‍රැන්ඩික්ස් යනු සැබැවින්ම තිරසාර ඇඟළුම් නිෂ්පාදනායතනයක් බවට මේ තරම් උදාහරණයක් තවත් කුමටද? මෙම ජයග්‍රහණය ලබා ගැනීම වෙනුවෙන් අප විශාල උත්සාහයක් හා කැපවීමක් සිදුකර තිබෙනවා. අප විසින් මෙගා වොට් 8.5 පුනර්ජනනීය බලශක්තියක් නිපදවා තිබෙන අතර, අපගේ ඉලක්කය වන්නේ එය මෙගා වොට් 20 දක්වා වර්ධනය කිරීමයි. දකුණු ආසියානු කලාපයේ වඩාත් තිරසාරභාවයෙන් යුතු ඇඟළුම් නිෂ්පාදකයා වීම අපේ මෙහෙවරෙහි වැදගත් තැනක් ගන්නා කරුණක්. ඒ අනුව අපගේ කර්මාන්තශාලාවන් සඳහා අංක එකේ තිරසාරතා ශ්‍රේණිගත කිරීම් ලබාගනිමින් ලොව ප්‍රථම Net Zero (කාබන් විමෝචන උදාසීන කළ) ඇඟළුම් කම්හල අප සතු කරගැනීමත් අපේ ඉලක්ක අතර ඉදිරියෙන්ම තිබෙනවා.”
සිය ව්‍යාපාර මෙහෙයුම් ක්‍රියාවලියේ සෑම තැනකදීම තිරසාරභාවය වෙනුවෙන් ඉහළ ප්‍රමුඛතාවයක් ලබා දීම ඇඟළුම් කර්මාන්තයේ විශිෂ්ට ස්ථානයකට පැමිණීමට බ්‍රැන්ඩික්ස් සමාගමට සුවිසල් පදනමක් වී තිබේ. 2008වර්ෂයේදී සීදුව හරිත ඇඟළුම් කර්මාන්තශාලාව පිහිටුවන්නට බ්‍රැන්ඩික්ස් සමාගම කටයුතු කළ අතර, ලොව ප්‍රථමLEED Platinum ශ්‍රේණිගත කිරීම හිමිකරගත් ඇඟළුම් කර්මාන්තශාලාව බවට පත්වෙමින් එය ශ්‍රී ලංකාවට සුවිසල් කීර්තියක් ලබාදීමට සමත් විය. එයින් දශකයක් වැනි කාලසීමාවක් ගතවන වර්තමානය වන විට සිය ඇඟළුම් කර්මාන්තශාලා වෙනුවෙන් LEED සහතිකකරණයන් මෙන්ම තවත් දේශීය සහ ජාත්‍යන්තර සම්මානනීය ඇගයීම් රාශියකින් පිදුම් ලැබීමට බ්‍රැන්ඩික්ස් සමාගම සමත්ව සිටී. 2020 වර්ෂය වන විට සිය නිෂ්පාදන ක්‍රියාවලිය හරහා පරිසරයට කාබන් පිටවීම අවම අගයකට පත්කරවීම බ්‍රැන්ඩික්ස් සමාගමේ අපේක්ෂාවයි.
ඊට අමතරව බ්‍රැන්ඩික්ස් සමාගම සිය සමාජ සත්කාර මෙහෙවර යටතේ තමන් ක්‍රියාත්මක වන ප්‍රදේශයන්හි සිය සාමාජික පිරිස මෙන්ම අවට ජනයාගේ ජල අවශ්‍යතාවය හා සනීපාරක්ෂක පහසුකම් සම්පූර්ණ කිරීමට කැපවීමෙන් කටයුතු කරමින් සිටී. එම වැඩපිළිවෙළ තව දුරටත් ව්‍යාප්ත කරමින් කැළණි ගංගා නිම්නය ආශ්‍රිතව ජීවත්වන ජනතාවගේ ජීවනෝපාය, ප්‍රජා හා කර්මාන්ත සංවර්ධනය සඳහා මෙන්ම සුරක්ෂිත පානීය ජල අවශ්‍යතාවය තහවුරු කිරීමේ පියවරක් තබා ඇත. Kelani River Multi-stakeholder Partnership ^KRMP& යනුවෙන් නම්කර තිබෙන එම ව්‍යාපෘතිය තවත් පාර්ශවකරුවන් කිහිපදෙනෙක් හා එක්ව දියත්කර තිබේ.
ශ්‍රී ලංකාවේ ප්‍රමුඛ පෙළේ ඇඟළුම් නිෂ්පාදන සමාගමක් වන බ්‍රැන්ඩික්ස්, පාරිසරික යහපැවැත්ම වෙනුවෙන් නිරන්තරවම අවධානය යොමුකරන සමාගමකි. එම සමාගම් සමූහයේ මඩකළපුව ඇඟළුම් කර්මාන්තශාලාව පසුගියදා LEED Platinum ශ්‍රේණිගත කිරීමෙන් ශ්‍රී ලංකාවේ ප්‍රමුඛස්ථානය ලබාගැනීමට සමත්ව සිටී. ‘කර්මාන්ත නිෂ්පාදන’ ^Industrial Manufacturing& අංශයෙන් බ්‍රැන්ඩික්ස් සමාගම සිය ගමන් මගෙහි මෙම සුවිශේෂී සංධිස්ථානය සනිටුහන් කරන ලදී. LEED Platinum ශ්‍රේණිගත කිරීම් අනුව ලෝකයේ දෙවැනි ස්ථානය හිමිකරගෙන සිටින්නේද මඩකළපුව බ්‍රැන්ඩික්ස් කර්මාන්තශාලාව වීම තවත් අතකින් බ්‍රැන්ඩික්ස් විශිෂ්ටත්වය ලොවට කියා පායි.
LEED (බලශක්ති හා පාරිසරික නිර්මාණකරණයෙහි නායකත්වය), යනු ඇමෙරිකා එක්සත් ජනපදයේ හරිත ගොඩනැගිලි කවුන්සිලය (USGBC) විසින් පාරිසරික තිරසාරභාවය වෙනුවෙන් පිරිනමන ජාත්‍යන්තර කීර්තිමත් ශ්‍රේණිගත කිරීමකි. වියදම් අවම කරගනිමින්, වඩාත් ඵලදායී ආකාරයට සෞඛ්‍යයට හිතකර ගොඩනැගිලි ඉදිකර පවත්වාගෙන යන ආයතනයන් වෙත මෙම ශ්‍රේණිගත කිරීම ලබාගැනීමේ හැකියාව පවතී. ඵලදායී බලශක්ති භාවිතය, සුරක්ෂිත ජල භාවිතය සහ විශිෂ්ට අපද්‍රව්‍ය කළමනාකරණය මෙන්ම කාබන් පිටවීම අවම කිරීම යන කරුණු පිළිබඳව බ්‍රැන්ඩික්ස් සමාගම දක්වන උනන්දුව හා කැපවීමද මෙම ශ්‍රේණිගත කිරීමත් සමග අපට පැහැදිලි වේ.
ශ්‍රී ලංකාව තුළ ක්‍රියාත්මක වන බ්‍රැන්ඩික්ස් ඇඟළුම් කර්මාන්තශාලා ජාලය අතර විශාලතම කර්මාන්තශාලාව වන්නේ මඩකළපුව බ්‍රැන්ඩික්ස් ඇඟළුම් නිෂ්පාදනායතනයයි. මඩකළපුව ආශ්‍රිතව ජීවත්වන 5,000කට අධික පිරිසකට මෙම කර්මාන්තශාලාව මගින් ජීවිකාව සලසා ගැනීමට අවස්ථාව උදාකර දී තිබේ.
බ්‍රැන්ඩික්ස් සමාගම ලද මෙම සුවිශේෂී ජයග්‍රහණය පිළිබඳව අදහස් දක්වමින් එම සමාගමේ ඉංජිනේරු ප්‍රධානී - ඉරේෂ සෝමරත්න මහතා මෙසේ පවසා සිටී. “අප ක්‍රියාත්මක වන්නේ යම් තැනකද, එහි අපගේ මෙහෙයුම් කටයුතු කෙතරම් තිරසාරභාවයෙන් යුක්තව සිදුවෙනවාද යන්න පිළිබඳව LEED Platinum ශ්‍රේණිගත කිරීමට හිමිකම් කීමෙන් පැහැදිලි වෙනවා. බ්‍රැන්ඩික්ස් යනු සැබැවින්ම තිරසාර ඇඟළුම් නිෂ්පාදනායතනයක් බවට මේ තරම් උදාහරණයක් තවත් කුමටද? මෙම ජයග්‍රහණය ලබා ගැනීම වෙනුවෙන් අප විශාල උත්සාහයක් හා කැපවීමක් සිදුකර තිබෙනවා. අප විසින් මෙගා වොට් 8.5 පුනර්ජනනීය බලශක්තියක් නිපදවා තිබෙන අතර, අපගේ ඉලක්කය වන්නේ එය මෙගා වොට් 20 දක්වා වර්ධනය කිරීමයි. දකුණු ආසියානු කලාපයේ වඩාත් තිරසාරභාවයෙන් යුතු ඇඟළුම් නිෂ්පාදකයා වීම අපේ මෙහෙවරෙහි වැදගත් තැනක් ගන්නා කරුණක්. ඒ අනුව අපගේ කර්මාන්තශාලාවන් සඳහා අංක එකේ තිරසාරතා ශ්‍රේණිගත කිරීම් ලබාගනිමින් ලොව ප්‍රථම Net Zero (කාබන් විමෝචන උදාසීන කළ) ඇඟළුම් කම්හල අප සතු කරගැනීමත් අපේ ඉලක්ක අතර ඉදිරියෙන්ම තිබෙනවා.”
සිය ව්‍යාපාර මෙහෙයුම් ක්‍රියාවලියේ සෑම තැනකදීම තිරසාරභාවය වෙනුවෙන් ඉහළ ප්‍රමුඛතාවයක් ලබා දීම ඇඟළුම් කර්මාන්තයේ විශිෂ්ට ස්ථානයකට පැමිණීමට බ්‍රැන්ඩික්ස් සමාගමට සුවිසල් පදනමක් වී තිබේ. 2008වර්ෂයේදී සීදුව හරිත ඇඟළුම් කර්මාන්තශාලාව පිහිටුවන්නට බ්‍රැන්ඩික්ස් සමාගම කටයුතු කළ අතර, ලොව ප්‍රථමLEED Platinum ශ්‍රේණිගත කිරීම හිමිකරගත් ඇඟළුම් කර්මාන්තශාලාව බවට පත්වෙමින් එය ශ්‍රී ලංකාවට සුවිසල් කීර්තියක් ලබාදීමට සමත් විය. එයින් දශකයක් වැනි කාලසීමාවක් ගතවන වර්තමානය වන විට සිය ඇඟළුම් කර්මාන්තශාලා වෙනුවෙන් LEED සහතිකකරණයන් මෙන්ම තවත් දේශීය සහ ජාත්‍යන්තර සම්මානනීය ඇගයීම් රාශියකින් පිදුම් ලැබීමට බ්‍රැන්ඩික්ස් සමාගම සමත්ව සිටී. 2020 වර්ෂය වන විට සිය නිෂ්පාදන ක්‍රියාවලිය හරහා පරිසරයට කාබන් පිටවීම අවම අගයකට පත්කරවීම බ්‍රැන්ඩික්ස් සමාගමේ අපේක්ෂාවයි.
ඊට අමතරව බ්‍රැන්ඩික්ස් සමාගම සිය සමාජ සත්කාර මෙහෙවර යටතේ තමන් ක්‍රියාත්මක වන ප්‍රදේශයන්හි සිය සාමාජික පිරිස මෙන්ම අවට ජනයාගේ ජල අවශ්‍යතාවය හා සනීපාරක්ෂක පහසුකම් සම්පූර්ණ කිරීමට කැපවීමෙන් කටයුතු කරමින් සිටී. එම වැඩපිළිවෙළ තව දුරටත් ව්‍යාප්ත කරමින් කැළණි ගංගා නිම්නය ආශ්‍රිතව ජීවත්වන ජනතාවගේ ජීවනෝපාය, ප්‍රජා හා කර්මාන්ත සංවර්ධනය සඳහා මෙන්ම සුරක්ෂිත පානීය ජල අවශ්‍යතාවය තහවුරු කිරීමේ පියවරක් තබා ඇත. Kelani River Multi-stakeholder Partnership ^KRMP& යනුවෙන් නම්කර තිබෙන එම ව්‍යාපෘතිය තවත් පාර්ශවකරුවන් කිහිපදෙනෙක් හා එක්ව දියත්කර තිබේ.
- NIRMALSG
- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: Thread for News on CSE and SL Economy
Mon Apr 08, 2019 6:12 pm
Tourist arrivals up 4.7% in March
Tourist arrivals in March have improved by 4.7% to 244,328, bringing the cumulative first quarter figure to 740,600, reflecting a 4.6% growth year-on-year.
The largest source market for tourists was India (up 5.6% to 34,812), followed by the United Kingdom (up 8.8% to 29,682), and China (up 12.6% to 23,759).
Arrivals from Germany and France were down 26% and 6%, respectively, to 18,134 and 13,957.
Almost 93% of tourists travelled by air to Sri Lanka. Last year, tourist arrivals amounted to 2.3 million, and the projection for 2019 is 2.8 million.
Europe became the largest source of tourist traffic to Sri Lanka with 49% of the total traffic received in March. Asia and Pacific accounted for 40% of the total traffic followed by America at 8%, Middle
East at 2%, and Africa at 1%.
India, United Kingdom, China, Germany and France were Sri Lanka’s top five international tourist generating markets in the month of March this year. India was the largest source of tourist traffic to Sri Lanka with 14% of the total traffic received in March. UK accounted for 12% of the total traffic while China, Germany and France accounted for 10%, 7%, and 6%, respectively.
Tourist arrivals in March have improved by 4.7% to 244,328, bringing the cumulative first quarter figure to 740,600, reflecting a 4.6% growth year-on-year.
The largest source market for tourists was India (up 5.6% to 34,812), followed by the United Kingdom (up 8.8% to 29,682), and China (up 12.6% to 23,759).
Arrivals from Germany and France were down 26% and 6%, respectively, to 18,134 and 13,957.
Almost 93% of tourists travelled by air to Sri Lanka. Last year, tourist arrivals amounted to 2.3 million, and the projection for 2019 is 2.8 million.
Europe became the largest source of tourist traffic to Sri Lanka with 49% of the total traffic received in March. Asia and Pacific accounted for 40% of the total traffic followed by America at 8%, Middle
East at 2%, and Africa at 1%.
India, United Kingdom, China, Germany and France were Sri Lanka’s top five international tourist generating markets in the month of March this year. India was the largest source of tourist traffic to Sri Lanka with 14% of the total traffic received in March. UK accounted for 12% of the total traffic while China, Germany and France accounted for 10%, 7%, and 6%, respectively.
- ruwan326
- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana
Re: Thread for News on CSE and SL Economy
Wed Apr 10, 2019 8:05 pm
Sri Lanka awaits legal approvals, better terms from China for new debt
Apr 10, 2019
Sri Lanka's central bank is awaiting legal approvals and better terms on a delayed loan from the Bank of China, Governor Indrajit Coomaraswamy said.
"The job of the central bank is to expect the worst, and we're going into an election year, so premium would be attached to raising money relatively quickly," he told reporters on Monday.
"We want to raise money which would look after much of our obligations up to mid-2020."
"We have some plans, but we need some things first."
The central bank in February had said that Samurai and Panda bonds would follow the March International Sovereign Bond (ISB).
Further approvals from the Appropriation Act are required for normal debt raising activities, Coomaraswamy said on Monday.
He said the Active Liability Management Act (ALMA) needs to be activated as well.
ALMA was approved in parliament last year to enable the central bank to raise debt above the limit of the Appropriation Act to meet maturing debt obligations.
Sri Lanka is currently in the peak of a foreign debt repayment cycle, which would last till 2022.
"We have to activate ALMA, and for that, we need the debt number for the previous year," Coomaraswamy said.
"That will be finalized on the 31st of May."
Sri Lanka had been planning to raise up to one billion US dollars through a loan from the Bank of China in February.
However, the loan never came through.
Coomaraswamy said the Bank of China had offered a three year loan at higher rates tentatively, which was not as competitive as the 5-year and 10-year 2.4 billion US dollar March ISB.
"In the first quarter, ISB rates had gone through the roof after 26th October and the developments during that time, including the downgrading."
"Yields were extremely high, and there was some doubt if we could go to the market and raise funds through ISBs."
"ISBs were our first choice, and we needed at least a 5-year tenor, but people were worried if we could."
"Once we repaid the one billion ISB maturing on January 15, things started to improve."
"We had talked to the Reserve Bank of India about a swap, which we didn't use, and the China loan also we didn't use."
"Right now, we don't need that money."
"We went for the ISB in the longer term."
Coomaraswamy said the local branch of Bank of China had initially offered 300 million US dollars, but Sri Lanka needed 1 billion US dollars, which required head office approval.
Bank of China had also not offered a firm term sheet.
The central bank is still open to a loan from China, at better rates, Public Debt Department Superintendent M. Z. M. Aazim said.
"We have asked them to come with better terms," he said.
https://economynext.com/Sri_Lanka_aw...3-14014-1.html
Apr 10, 2019
Sri Lanka's central bank is awaiting legal approvals and better terms on a delayed loan from the Bank of China, Governor Indrajit Coomaraswamy said.
"The job of the central bank is to expect the worst, and we're going into an election year, so premium would be attached to raising money relatively quickly," he told reporters on Monday.
"We want to raise money which would look after much of our obligations up to mid-2020."
"We have some plans, but we need some things first."
The central bank in February had said that Samurai and Panda bonds would follow the March International Sovereign Bond (ISB).
Further approvals from the Appropriation Act are required for normal debt raising activities, Coomaraswamy said on Monday.
He said the Active Liability Management Act (ALMA) needs to be activated as well.
ALMA was approved in parliament last year to enable the central bank to raise debt above the limit of the Appropriation Act to meet maturing debt obligations.
Sri Lanka is currently in the peak of a foreign debt repayment cycle, which would last till 2022.
"We have to activate ALMA, and for that, we need the debt number for the previous year," Coomaraswamy said.
"That will be finalized on the 31st of May."
Sri Lanka had been planning to raise up to one billion US dollars through a loan from the Bank of China in February.
However, the loan never came through.
Coomaraswamy said the Bank of China had offered a three year loan at higher rates tentatively, which was not as competitive as the 5-year and 10-year 2.4 billion US dollar March ISB.
"In the first quarter, ISB rates had gone through the roof after 26th October and the developments during that time, including the downgrading."
"Yields were extremely high, and there was some doubt if we could go to the market and raise funds through ISBs."
"ISBs were our first choice, and we needed at least a 5-year tenor, but people were worried if we could."
"Once we repaid the one billion ISB maturing on January 15, things started to improve."
"We had talked to the Reserve Bank of India about a swap, which we didn't use, and the China loan also we didn't use."
"Right now, we don't need that money."
"We went for the ISB in the longer term."
Coomaraswamy said the local branch of Bank of China had initially offered 300 million US dollars, but Sri Lanka needed 1 billion US dollars, which required head office approval.
Bank of China had also not offered a firm term sheet.
The central bank is still open to a loan from China, at better rates, Public Debt Department Superintendent M. Z. M. Aazim said.
"We have asked them to come with better terms," he said.
https://economynext.com/Sri_Lanka_aw...3-14014-1.html
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
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Re: Thread for News on CSE and SL Economy
Wed Apr 10, 2019 10:57 pm
[size=40]බැංකු පොලී අනුපාතික සියයට 2කින් පහළට[/size]
(ඩයනා උදයංගනී)
සිංහල හින්දු අලූත් අවුරුදු සමයෙන් පසු බැංකු පොළී අනුපාතය පදනම් අගය ඒකක 200කින් එනම් සියයට දෙකකින් පමණ පහත වැටෙනු ඇතැයි පොදු සැපයීම් හා ආර්ථික ප‍්‍රතිසංස්කරණ අමාත්‍ය ආචාර්ය හර්ෂ ද සිල්වා මහතා පැවසීය.
සිංහල හින්දු අලූත් අවුරුදු සමයෙන් පසු බැංකු පොළී අනුපාතය පදනම් අගය ඒකක 200කින් එනම් සියයට දෙකකින් පමණ පහත වැටෙනු ඇතැයි පොදු සැපයීම් හා ආර්ථික ප‍්‍රතිසංස්කරණ අමාත්‍ය ආචාර්ය හර්ෂ ද සිල්වා මහතා පැවසීය.
මෙහිදී ණය පොළී අනුපාතිකය මෙන්ම ඉතිරිකිරීම්වලට හිමිවන පොළිය ද ඇතුළු සියලූ පොළී අනුපාතිකයන් පහළ යනු ඇති බවද අමාත්‍යවරයා සදහන් කළේය.
විශේෂයෙන් රුපියල් මිලියන 25ට අඩු ණය ලබාගන්නා සුළු හා මධ්‍ය පරිමාණ කර්මාන්තකරුවන්ට මෙයින් පොළී සහනයක් හිමිවනු ඇතැයි කී අමාත්‍ය හර්ෂ ද සිල්වා මහතා අතීතයේ ලබාගත් ණයවලට අදාළව ද මෙම සහනය ලැබෙනු ඇතැයි කීවේය.
රජයේ ප‍්‍රතිපත්තිමය පොළී අනුපාතිකය හා භාණ්ඩාගාර බිල්පත් පොළී අනුපාතිකය අනුව ඉදිරියේදී මාස තුනකට වරක් පොළී අනුපාත ව්‍යුහය සංශෝධනය කිරීමට නිර්දේශ කර ඇති බවත් අමාත්‍යවරයා ස`දහන් කළේය.
ආචාර්ය හර්ෂ ද සිල්වා මහතා මේ බව පැවසුවේ කොළඹ 07, මලලසේකර මාවතේ පිහිටි සිය නිවසේදී අද (10) පැවති මාධ්‍ය හමුවක් අමතමිනි.
බැංකු පොළී අනුපාතය ඉහළයාම පිළිබදව කුඩා හා මධ්‍යම පරිමාණ ව්‍යාපාරිකයින් දුක්ගැනවිල්ලක් ඉදිරිපත් කර තිබූ බව කී අමාත්‍යවරයා ඒ සම්බන්ධයෙන් අගමැතිවරයාගේ ප‍්‍රධානත්වයෙන් ගිය සතියේ සාකච්ඡුා කර කරුණු සෙවීමට කමිටුවක් පත් කළ බවත් එම එම කමිටුවේ නිර්දේශ ඇතුළත් වාර්තාව කමිටුව විසින් අද(10) දිනයේදී අගමැති රනිල් වික‍්‍රමසිංහ මහතාට භාරදුන් බව ද ඇමතිවරයා ප‍්‍රකාශ කළෙය.
කමිටු නිර්දේශ අනුව ඉදිරියේදී මෙලෙස බැංකු පොළිය පහත වැටෙනු ඇති බවත් ඇමතිවරයා කීවේය.
මූල්‍ය මණ්ඩලයේ හිටපු සාමාජිකයෙක් වූ නිහාල් ෆොන්සේකා මහතාගේ ප‍්‍රධානත්වයෙන් පත්කරනු ලැබූ එම කමිටුවේ සෙසු සාමාජියින් ලෙස මහබැංකුවේ නියෝජ්‍ය අධිපති එච්.ඒ කරුණාරත්න, ශ්‍රී ලංකා වරලත් ගණකාධිකරණ ආයතනයේ සභාපති ජගත් පෙරේරා, එහි සාමාජික මනිල් ජයසිංහ, ඞී.එෆ්.සී.සී බැංකුවේ ප‍්‍රධාන විධායක ලක්‍ෂ්මන් සිල්වා, හැටන් නැෂනල් බැංකුවේ ප‍්‍රධාන විධායක ජොනතන් අලස් සහ කොමර්ෂල් බැංකුවේ මූල්‍ය අධ්යක්ෂ නන්දික බුද්ධිපාල යන මහත්වරුන් කටයුතු කර ඇත.
Ethical TraderTop contributor- Posts : 5568
Join date : 2014-02-28
Re: Thread for News on CSE and SL Economy
Thu Apr 11, 2019 4:10 am
Thanks Nihal.
If this was not done by the CB for some good reason why these politicians medal with it now & upset the economic recovery? ආයෙත් වලං කඩේට ගොනා පැන්නද?
If this was not done by the CB for some good reason why these politicians medal with it now & upset the economic recovery? ආයෙත් වලං කඩේට ගොනා පැන්නද?
- NIRMALSG
- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: Thread for News on CSE and SL Economy
Thu Apr 11, 2019 4:44 am
Sri Lanka’s tourism earnings grow 5.9% in 1Q19
Sri Lanka’s tourism earnings grew by 5.9 percent Year-on-Year (YoY) to US$ 1.39 billion in the first quarter of the year, according to Central Bank (CB) estimates.
The growth in tourist arrivals averaged to 4.6 percent in the first quarter with 740,600 foreigners travelling to the island nation. In March, the country earned US$458.6 million from tourism, up 6 percent from US$ 432.8 million a year earlier. Tourist arrivals grew moderately at 4.7 percent YoY in March to 244,328 visitors amidst a notable decline in arrivals from Northern and Western European countries.
Sri Lanka earned US$ 4.38 billion from tourism in 2018 with 2.3 million tourists visiting the country.
The government is targeting to earn a record US$4 billion from tourism this year, attracting 4 million tourists to the country. However, industry experts stress that a well-planned marketing campaign will be crucial to achieve the targets. The Ministry of Tourism Development and Christian Religious Affairs has announced that the government would launch the long-delayed, 3-year Global Tourism Promotional Campaign this June.
Meanwhile, the CB data showed the workers’ remittances declining by 12.4 percent (YoY) to US$ 500.5 million in February. The cumulative the workers’ remittances during first two months of the year also declined by 19 percent YoY to US$1.04 billion.
In 2018, the workers’ remittances retained its position as the top foreign exchange earner for the country by bringing over US$7 billion foreign exchange to the country.
Sri Lanka’s tourism earnings grew by 5.9 percent Year-on-Year (YoY) to US$ 1.39 billion in the first quarter of the year, according to Central Bank (CB) estimates.
The growth in tourist arrivals averaged to 4.6 percent in the first quarter with 740,600 foreigners travelling to the island nation. In March, the country earned US$458.6 million from tourism, up 6 percent from US$ 432.8 million a year earlier. Tourist arrivals grew moderately at 4.7 percent YoY in March to 244,328 visitors amidst a notable decline in arrivals from Northern and Western European countries.
Sri Lanka earned US$ 4.38 billion from tourism in 2018 with 2.3 million tourists visiting the country.
The government is targeting to earn a record US$4 billion from tourism this year, attracting 4 million tourists to the country. However, industry experts stress that a well-planned marketing campaign will be crucial to achieve the targets. The Ministry of Tourism Development and Christian Religious Affairs has announced that the government would launch the long-delayed, 3-year Global Tourism Promotional Campaign this June.
Meanwhile, the CB data showed the workers’ remittances declining by 12.4 percent (YoY) to US$ 500.5 million in February. The cumulative the workers’ remittances during first two months of the year also declined by 19 percent YoY to US$1.04 billion.
In 2018, the workers’ remittances retained its position as the top foreign exchange earner for the country by bringing over US$7 billion foreign exchange to the country.
- NIRMALSG
- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: Thread for News on CSE and SL Economy
Thu Apr 11, 2019 7:13 pm
Canada to help Sri Lanka build 100-MW floating solar park in Maduru Oya
The governments of Sri Lanka and Canada have signed a cooperation agreement for the construction of a 100-MW floating solar park in Sri Lanka’s Maduru Oya Reservoir, Renewable Now recently reported. Accordingly the pact between Sir Lanka’s Ministry of Power and Energy and Business Development and the Canadian Commercial Corporation (CCC), a federal Crown corporation dealing with international trade issues, comes less than a month after Sri Lanka gave the go-ahead to the project in the Mahaweli Economic Zone.
The floating solar park will be coupled with battery storage capacity and will use less than 4% of the Maduru Oya Reservoir’s surface area. The first 10 MW of it will be become operational by the end November, while the whole complex is expected to switched on by end-September 2020. ‘Renewable Now’ further said that the 100-MW project is part of a larger proposal calling for the construction of several such facilities across Sri Lanka.
The report said that the scheme will be implemented by a joint venture of the Sri Lanka Mahewali Authority, state-run Ceylon Electricity Board (CEB), the Sri Lanka Sustainable Energy Authority and the Canadian Solar Institute.
The governments of Sri Lanka and Canada have signed a cooperation agreement for the construction of a 100-MW floating solar park in Sri Lanka’s Maduru Oya Reservoir, Renewable Now recently reported. Accordingly the pact between Sir Lanka’s Ministry of Power and Energy and Business Development and the Canadian Commercial Corporation (CCC), a federal Crown corporation dealing with international trade issues, comes less than a month after Sri Lanka gave the go-ahead to the project in the Mahaweli Economic Zone.
The floating solar park will be coupled with battery storage capacity and will use less than 4% of the Maduru Oya Reservoir’s surface area. The first 10 MW of it will be become operational by the end November, while the whole complex is expected to switched on by end-September 2020. ‘Renewable Now’ further said that the 100-MW project is part of a larger proposal calling for the construction of several such facilities across Sri Lanka.
The report said that the scheme will be implemented by a joint venture of the Sri Lanka Mahewali Authority, state-run Ceylon Electricity Board (CEB), the Sri Lanka Sustainable Energy Authority and the Canadian Solar Institute.
- ruwan326
- Posts : 1744
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Age : 46
Location : Horana
Re: Thread for News on CSE and SL Economy
Thu Apr 11, 2019 8:49 pm
Sri Lanka among countries with rising interest burdens: IMF
Apr 11, 2019
Foreign currency denominated debt liabilities. Source: central bank
Sri Lanka is among countries having high levels of commercial debt with rising interest burdens that are vulnerable to rollover risks, according to the International Monetary Fund.
It was among countries that faced tighter financing conditions and rising risk premiums last year.
“Many economies saw rising interest burdens, which exceeded 20 percent of total revenue in 2018 in Egypt, Pakistan, and Sri Lanka,” the IMF said in its latest Fiscal Monitor report.
“As a result, emerging market economies have become vulnerable to rollover risks if they face large financing needs.”
According to the IMF, Sri Lanka’s maturing debt in 2019 is 13.5 percent of gross domestic product, falling to 12 percent in 2020.
The island’s total financing need is 18.1 percent of GDP this year, falling to 15.5 percent next year.
The IMF said that removal of tax exemptions, in countries like Argentina, China, Sri Lanka, and Turkey, and improving administrative efficiency would yield more revenue for priority initiatives.
At a subsequent news conference, Anna Ilyina, Division Chief, Monetary and Capital Markets Department of the IMF, said countries should tackle high debt burdens through a comprehensive set of measures.
These include “a careful monitoring of debt vulnerabilities, improved [debt] data transparency, and increased debt management capacity,” she said in response to a question on the rollover risks faced by some of the developing nations, like Sri Lanka.
“Looking across low‑income and developing countries, we can see that public debt levels have increased significantly in recent years in many of those countries,” Ilyina said.
“In fact, the median level of debt is now close to 50 percent of GDP. And the number of countries that are now either at high risk of debt distress or are already in debt distress is high. It is over 40 percent.
“And that is a significant increase, compared to only five years ago, when it was only 20 percent. So these issues are very much on the minds of policymakers in those countries.”
Ilyina said that the problem arose after many of the countries have increased their reliance on market financing with relatively favorable external borrowing conditions.
“And with that, of course, comes the downside; that their debt service costs may increase when interest rates go up. Also, in some cases, that involved a shortening of maturities. And all of those things lead to a higher sensitivity to interest rate and rollover risks.”
Tobias Adrian, Financial Counselor and Director, Monetary and Capital Markets Department, said that in many frontier markets, the IMF sees that the share of debt that is not conforming to the Paris Club standards is on the rise.
“And that means that if there is any debt restructuring down the road one day, that can be very unfavorable to those countries. So the borrowing terms, the covenants, are extremely important. And we do see a deterioration in that dimension.”
The Paris Club is a voluntary, informal group of creditor nations that provides debt relief to developing countries, either by agreeing to renegotiate or reduce official debt owed to them on a case-by-case basis.
China, which has emerged as one of the biggest lenders to Sri Lanka, is not a member of the Paris Club.
https://economynext.com/Sri_Lanka_am...3-14032-1.html
Apr 11, 2019
Foreign currency denominated debt liabilities. Source: central bank
Sri Lanka is among countries having high levels of commercial debt with rising interest burdens that are vulnerable to rollover risks, according to the International Monetary Fund.
It was among countries that faced tighter financing conditions and rising risk premiums last year.
“Many economies saw rising interest burdens, which exceeded 20 percent of total revenue in 2018 in Egypt, Pakistan, and Sri Lanka,” the IMF said in its latest Fiscal Monitor report.
“As a result, emerging market economies have become vulnerable to rollover risks if they face large financing needs.”
According to the IMF, Sri Lanka’s maturing debt in 2019 is 13.5 percent of gross domestic product, falling to 12 percent in 2020.
The island’s total financing need is 18.1 percent of GDP this year, falling to 15.5 percent next year.
The IMF said that removal of tax exemptions, in countries like Argentina, China, Sri Lanka, and Turkey, and improving administrative efficiency would yield more revenue for priority initiatives.
At a subsequent news conference, Anna Ilyina, Division Chief, Monetary and Capital Markets Department of the IMF, said countries should tackle high debt burdens through a comprehensive set of measures.
These include “a careful monitoring of debt vulnerabilities, improved [debt] data transparency, and increased debt management capacity,” she said in response to a question on the rollover risks faced by some of the developing nations, like Sri Lanka.
“Looking across low‑income and developing countries, we can see that public debt levels have increased significantly in recent years in many of those countries,” Ilyina said.
“In fact, the median level of debt is now close to 50 percent of GDP. And the number of countries that are now either at high risk of debt distress or are already in debt distress is high. It is over 40 percent.
“And that is a significant increase, compared to only five years ago, when it was only 20 percent. So these issues are very much on the minds of policymakers in those countries.”
Ilyina said that the problem arose after many of the countries have increased their reliance on market financing with relatively favorable external borrowing conditions.
“And with that, of course, comes the downside; that their debt service costs may increase when interest rates go up. Also, in some cases, that involved a shortening of maturities. And all of those things lead to a higher sensitivity to interest rate and rollover risks.”
Tobias Adrian, Financial Counselor and Director, Monetary and Capital Markets Department, said that in many frontier markets, the IMF sees that the share of debt that is not conforming to the Paris Club standards is on the rise.
“And that means that if there is any debt restructuring down the road one day, that can be very unfavorable to those countries. So the borrowing terms, the covenants, are extremely important. And we do see a deterioration in that dimension.”
The Paris Club is a voluntary, informal group of creditor nations that provides debt relief to developing countries, either by agreeing to renegotiate or reduce official debt owed to them on a case-by-case basis.
China, which has emerged as one of the biggest lenders to Sri Lanka, is not a member of the Paris Club.
https://economynext.com/Sri_Lanka_am...3-14032-1.html
- NIRMALSG
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Re: Thread for News on CSE and SL Economy
Fri Apr 12, 2019 5:02 am
Colombo Port launches accelerated expansion
SLPA to purchase STS Cranes for JCT 5 expansion
Ports, Shipping and Southern Development Minister Sagala Ratnayaka announced that the Sri Lanka Ports Authority (SLPA) was in the process of purchasing three Ship to Shore (STS) cranes in view of the Jaya Container Terminal (JCT) 5 expansion.
“I am glad to announce that the Sri Lanka Ports Authority (SLPA), upon Cabinet approval, is now in the process of purchasing three STS cranes for the JCT 5 expansion. The $ 25 million investment has been approved by a Cabinet-appointed procurement committee,” Minister Ratnayaka tweeted yesterday.
“This is the first step in a rapid, accelerated expansion program to cater to the growing demand from our customers. We will continue to listen and improve as required by market conditions,” the Minister added.
The Government last year decided to expand JCT 5 with a wider quay and modern equipment, at an investment of $ 70 million.
“This will allow two 360 metre vessels to berth at the Colombo Port at the same time. The Cabinet approval for the purchase was given last week that the SLPA will buy the cranes from a Chinese supplier, selected according to the Cabinet-approved procurement process,” the Minister explained.
Ratnayaka said the new infrastructure development drive would project Colombo as a more competitive port in the region and support its global ranking.
“The Port must attract greater transhipment cargo traffic volume – thus directly increasing foreign exchange earnings. To achieve this, we must be more attractive than all neighbouring ports – financially, efficiency-wise, and in terms of ease of doing business,” he said.
SLPA to purchase STS Cranes for JCT 5 expansion
Ports, Shipping and Southern Development Minister Sagala Ratnayaka announced that the Sri Lanka Ports Authority (SLPA) was in the process of purchasing three Ship to Shore (STS) cranes in view of the Jaya Container Terminal (JCT) 5 expansion.
“I am glad to announce that the Sri Lanka Ports Authority (SLPA), upon Cabinet approval, is now in the process of purchasing three STS cranes for the JCT 5 expansion. The $ 25 million investment has been approved by a Cabinet-appointed procurement committee,” Minister Ratnayaka tweeted yesterday.
“This is the first step in a rapid, accelerated expansion program to cater to the growing demand from our customers. We will continue to listen and improve as required by market conditions,” the Minister added.
The Government last year decided to expand JCT 5 with a wider quay and modern equipment, at an investment of $ 70 million.
“This will allow two 360 metre vessels to berth at the Colombo Port at the same time. The Cabinet approval for the purchase was given last week that the SLPA will buy the cranes from a Chinese supplier, selected according to the Cabinet-approved procurement process,” the Minister explained.
Ratnayaka said the new infrastructure development drive would project Colombo as a more competitive port in the region and support its global ranking.
“The Port must attract greater transhipment cargo traffic volume – thus directly increasing foreign exchange earnings. To achieve this, we must be more attractive than all neighbouring ports – financially, efficiency-wise, and in terms of ease of doing business,” he said.
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Re: Thread for News on CSE and SL Economy
Sat Apr 13, 2019 2:37 pm
Sri Lanka industrial activity up 0.6-pct in Feb
ECONOMYNEXT- Sri Lanka's industrial sector activity grew 0.6 percent in February 2019 from a year earlier, with a recovery in coke and refined petroleum production, the state statistics office said.
The Index of Industrial Production compiled by the Department of Census and Statistics recorded 104.2 points in February, up from 103.6 points a year earlier.
A value over 100 denotes growth compared to the index base year of 2015.
The index, however, recorded a fall of 4.6 percent from a month earlier, mirroring a long-running trend, due to the shorter month, and a major national holiday in February.
Food production, which accounts for over a third of all industrial sector activity, fell 9.5 percent in February from a year earlier to 96.5 points.
Production in the apparel industry, the leading export and accounting for a fifth of all manufacturing, fell 2.7 percent from a year earlier to 116.1 points.
Non-metallic mineral products manufacturing grew 10.2 percent to 114 points while coke and refined petroleum products manufacturing grew 87.1 percent to 106 points, pushing up the index in February.
Rubber and plastic product manufacturing, the fifth largest activity accounting for 5.7 percent of the sector, grew 12.2 percent to 121.2 points. (Colombo/Apr12/2019-SB)
ECONOMYNEXT- Sri Lanka's industrial sector activity grew 0.6 percent in February 2019 from a year earlier, with a recovery in coke and refined petroleum production, the state statistics office said.
The Index of Industrial Production compiled by the Department of Census and Statistics recorded 104.2 points in February, up from 103.6 points a year earlier.
A value over 100 denotes growth compared to the index base year of 2015.
The index, however, recorded a fall of 4.6 percent from a month earlier, mirroring a long-running trend, due to the shorter month, and a major national holiday in February.
Food production, which accounts for over a third of all industrial sector activity, fell 9.5 percent in February from a year earlier to 96.5 points.
Production in the apparel industry, the leading export and accounting for a fifth of all manufacturing, fell 2.7 percent from a year earlier to 116.1 points.
Non-metallic mineral products manufacturing grew 10.2 percent to 114 points while coke and refined petroleum products manufacturing grew 87.1 percent to 106 points, pushing up the index in February.
Rubber and plastic product manufacturing, the fifth largest activity accounting for 5.7 percent of the sector, grew 12.2 percent to 121.2 points. (Colombo/Apr12/2019-SB)
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Re: Thread for News on CSE and SL Economy
Tue Apr 16, 2019 4:49 am
BIA to get 23 aircraft parking space by November
The Bandaranaike International Airport (BIA) will be completing work on its Rs 6 billion apron construction by the end of this year enabling 23 aircrafts to be parked, at any given point, easing traffic congestion on the tarmac.
BIA Development Project Director S.M. Rafiq told the Business Times that the work on the apron is expected to be completed by November this year at a cost of Rs.6 billion and involves an area of 200,000 sq. metres.
“This apron will definitely help during the season where there is heavy traffic,” Mr. Rafiq pointed out, adding that funding for the project is provided by the Japan International Corporation Agency (JICA).
In the meantime, work is being carried out within the premises of the airport at the terminal building to ease the congestion during passenger arrivals at immigration counters.
In this respect, another official told the Business Times that they were carrying out modifications at the immigration counters having identified a lot of issues that would ensure that more passengers could be moved out from there particularly during peak times. (SD)
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Re: Thread for News on CSE and SL Economy
Tue Apr 16, 2019 6:52 pm
Positive sign for the Stock market since the low interest on bills means foreign investors tend to invest more on Stocks.
ECONOMYNEXT - Sri Lanka's benchmark Treasury bill yields fell across all three maturities at Tuesday's auction with the 12-month bill dropping 8 basis points to 9.91 percent, data from the state debt office showed.
The three-month Treasury bill yield fell 9 basis points from a week earlier to 9 percent, while the six-month yield was down 10 basis points to 9.29 percent.
The debt office of the Central Bank had sold Treasury bills worth 24 billion rupees at Tuesday's auction, the exact amount it had offered.
Bids amounted to 75.9 billion rupees.
Bids for the three-month bill totaled 9.4 billion rupees of which 4 billion rupees were accepted.
Six-month bills attracted bids amounting to 11.6 billion rupees with 5 billion rupees sold.
Twelve-month bills for 15 billion rupees were sold with bids received amounting to 54.9 billion rupees. (COLOMBO, 16 April 2019-SB)
Sri Lanka benchmark treasuries yields fall
ECONOMYNEXT - Sri Lanka's benchmark Treasury bill yields fell across all three maturities at Tuesday's auction with the 12-month bill dropping 8 basis points to 9.91 percent, data from the state debt office showed.
The three-month Treasury bill yield fell 9 basis points from a week earlier to 9 percent, while the six-month yield was down 10 basis points to 9.29 percent.
The debt office of the Central Bank had sold Treasury bills worth 24 billion rupees at Tuesday's auction, the exact amount it had offered.
Bids amounted to 75.9 billion rupees.
Bids for the three-month bill totaled 9.4 billion rupees of which 4 billion rupees were accepted.
Six-month bills attracted bids amounting to 11.6 billion rupees with 5 billion rupees sold.
Twelve-month bills for 15 billion rupees were sold with bids received amounting to 54.9 billion rupees. (COLOMBO, 16 April 2019-SB)
- ruwan326
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Re: Thread for News on CSE and SL Economy
Sun Apr 21, 2019 8:04 am
SEC to engage PLCs
21 April, 2019
The Securities and Exchange Commission of Sri Lanka (SEC) will launch the first in the ‘Chairman’s Forum’ series this week.
Chairman, SEC, Ranel Wijesinha said, “We plan to have dates dedicated to each stakeholder group, to provide each group with an opportunity to engage the capital market regulator.”
The first in the series titled ‘Dialogue with Public Listed Companies (PLCs)’ is due to be held on April 25 from 4.30 p.m. to 7.00 p.m. at the Hilton, Colombo.
PLCs have been encouraged to present issues, thoughts, ideas or recommendations with regard to regulatory matters and capital market development matters.
https://sundayobserver.lk/2019/04/21/business/sec-engage-plcs
21 April, 2019
The Securities and Exchange Commission of Sri Lanka (SEC) will launch the first in the ‘Chairman’s Forum’ series this week.
Chairman, SEC, Ranel Wijesinha said, “We plan to have dates dedicated to each stakeholder group, to provide each group with an opportunity to engage the capital market regulator.”
The first in the series titled ‘Dialogue with Public Listed Companies (PLCs)’ is due to be held on April 25 from 4.30 p.m. to 7.00 p.m. at the Hilton, Colombo.
PLCs have been encouraged to present issues, thoughts, ideas or recommendations with regard to regulatory matters and capital market development matters.
https://sundayobserver.lk/2019/04/21/business/sec-engage-plcs
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Re: Thread for News on CSE and SL Economy
Sun Apr 21, 2019 8:07 am
Significant drop in trade deficit
21 April, 2019
The number of tourist arrivals grew 2.2 percent in January.
In January, the trade deficit continued its improving trend in recent months. The trade deficit was recorded at US $ 617 million during the month, compared to a deficit of US$ 701 million in December, and US $ 1,049 million in January last year.
The significant reduction in the trade deficit was due to the combined effect of higher earnings from exports and a notable deceleration in import expenditure.
Exports grew 7.5 per cent while imports declined significantly by 17.8 per cent in January 2019 (year-on-year).
Tourist arrivals grew 2.2 per cent (year-on-year) in January 2019, resulting in earnings from tourism of US dollars 458 million during the month. Workers’ remittances in January 2019 amounted to US dollars 545 million, a notable reduction compared to January 2018.
In the financial account, net outflows from the government securities market moderated in January 2019, compared to the second half of 2018. The government repaid the International Sovereign Bond (ISB) of US $ 1 billion that matured in January 2019, as scheduled.
The pressure on the exchange rate witnessed in the latter part of last year eased with a notable reversal during January this year.
The rupee appreciated by 1.6 per cent in January, from Rs. 182.75 per US dollar at theend December to Rs. 179.88 by the end of January.
The exchange rate appreciated to Rs. 174.65 per US dollar by April 17, an appreciation of 4.6 per cent.
With the settlement of the maturing ISB, the country’s gross official reserves declined to US dollars 6.2 billion at the end of January this year. Sri Lanka issued ISBs amounting to US $ 2.4 billion last month, increasing the gross official reserves to US $ 7.6 billion by the end of last month, which was equivalent to an estimated 4.3 months of imports.
https://sundayobserver.lk/2019/04/21...ficit%E2%80%99
21 April, 2019
The number of tourist arrivals grew 2.2 percent in January.
In January, the trade deficit continued its improving trend in recent months. The trade deficit was recorded at US $ 617 million during the month, compared to a deficit of US$ 701 million in December, and US $ 1,049 million in January last year.
The significant reduction in the trade deficit was due to the combined effect of higher earnings from exports and a notable deceleration in import expenditure.
Exports grew 7.5 per cent while imports declined significantly by 17.8 per cent in January 2019 (year-on-year).
Tourist arrivals grew 2.2 per cent (year-on-year) in January 2019, resulting in earnings from tourism of US dollars 458 million during the month. Workers’ remittances in January 2019 amounted to US dollars 545 million, a notable reduction compared to January 2018.
In the financial account, net outflows from the government securities market moderated in January 2019, compared to the second half of 2018. The government repaid the International Sovereign Bond (ISB) of US $ 1 billion that matured in January 2019, as scheduled.
The pressure on the exchange rate witnessed in the latter part of last year eased with a notable reversal during January this year.
The rupee appreciated by 1.6 per cent in January, from Rs. 182.75 per US dollar at theend December to Rs. 179.88 by the end of January.
The exchange rate appreciated to Rs. 174.65 per US dollar by April 17, an appreciation of 4.6 per cent.
With the settlement of the maturing ISB, the country’s gross official reserves declined to US dollars 6.2 billion at the end of January this year. Sri Lanka issued ISBs amounting to US $ 2.4 billion last month, increasing the gross official reserves to US $ 7.6 billion by the end of last month, which was equivalent to an estimated 4.3 months of imports.
https://sundayobserver.lk/2019/04/21...ficit%E2%80%99
කිත්සිරි ද සිල්වාTop contributor- Posts : 9679
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Re: Thread for News on CSE and SL Economy
Sun Apr 21, 2019 11:17 am
Six explosions around the country.
Targeting three Christian churches and three tourist hotels.
160 people have been reported dead so far.
Targeting three Christian churches and three tourist hotels.
160 people have been reported dead so far.
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