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» SAMP.N0000 (SAMPATH BANK PLC)
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» Dividend Announcement
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» Browns Investments update
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» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
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» "පියසේනට දැං සනීපයි..."
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» What's going to happen
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» TJL.N0000 (Textured Jersey Lanka PLC.)
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» CFVF - First Capital
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» විද්‍යාව මිස්ගේ පාඩම...
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» Trading Journal
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» වචන නම් අපේ ඒත් තනුව ?????????
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» Access Engineering AEL Technical Analysis
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» Tourism sector
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» LFIN - LB Finance
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» අපි නොදන්න චෙස් කිව්වලු !
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» Stock Market to stay Bullish
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» Is an emoji a word or a gesture?
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»  Rajgama Heroes !
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» HHL.N0000 ( Hemas Holdings PLC)
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» Checkmate, meatbags !
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» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
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» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
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» Easter Sunday Attack and Sri Lanka
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» අනං මනං! #/+?.<>
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» First capital holdings
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» What to Analyse
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» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
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» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
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» AAIC.N0000
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» SERV - The Kingsbury
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» TPL.N0000 (TALAWAKALE PLANTATIONS )
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» Life After Google
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» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
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» Future of Tea Industry
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» Cricket !
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» DIPD.N0000 (Dipped Products)
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
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» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
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» Happy Father's Day !
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» DPL.N0000 (Dankotuwa Porcelain PLC)
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» Re: Financial reports Q1-2019
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» NTB.N0000 (NATIONS TRUST BANK PLC)
Thread for News on CSE and SL Economy  - Page 14 EmptyThu Jun 13, 2019 8:08 pm by ruwan326

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Post by NIRMALSG on Fri Jul 05, 2019 7:05 pm

Accelerated economic recovery likely: First Capital


Thread for News on CSE and SL Economy  - Page 14 Image_10

* Says improving macro stability and lower yields may strengthen equity returns
* Improvement in demand for stocks can lead to possible re-rating of the market

First Capital Research yesterday said accelerated economic recovery is likely for Sri Lanka, as the months after the Easter Sunday attacks had shown a faster return to normalcy, quicker removal of travel advisories, and unexpected signs of resilience.

Releasing its latest update, First Capital Research said despite the Easter Sunday attacks, Sri Lanka’s economic outlook has shown signs of resilience and ability to recover quickly, as economic activities were seen returning to normalcy while removal of travel advisories were faster than anticipated.

“Though the unfortunate attacks and the subsequent events are likely to have directly or indirectly impacted all sectors, affecting earnings of most companies, we believe that the impact has now been factored into the market and an accelerated recovery is more likely than not.”

The successful and early issuance of the $2 billion Sovereign Bond by the Central Bank was also a major confidence booster, and the heavy investor interest, which was reflected by the three times oversubscription, was seen as encouraging by First Capital Research.

With most economic indicators such as inflation, credit growth and liquidity suggests decline in yields, strong reserve position supports sustainability of the lower yields. In line with expectations Bank 1-Yr FD ceiling has fallen to 9.83% as of 1 Jul 2019.

“The heavy decline in interest rates is expected to lower finance costs, thereby improving earnings of most listed entities towards 4Q2019. In addition, lower Fixed Income returns may lead investors to hunt for alternative investment options with higher returns, of which equity investments is likely to be a more probable option considering the current attractive valuations. Thereby we expect an improvement in demand for stocks leading to a possible re-rating of the market.”

Following the Easter Sunday attacks, First Capital Research expected a major negative hit to the consumer sector which was on a gradual recovery path. The recovery was confirmed with GDP for 1Q2019 registering at 3.7% while it was also reflected by indices released subsequently. Consequent to the incident economic activity came to a near standstill which impacted day to day affairs of most businesses and severely impacting the SMEs.

“In line with our expectations, the Nielsen - Consumer Confidence Index slumped to 37 and

36 points in May and Jun 2019, new lows since inception of the index,” it added.

It also said that with the rights issue being fully subscribed, Sampath Bank  is correctly cash heavy with the ability to maintain lending growth well above the industry while capturing market share. “We are bullish on SAMP and recommend investors to invest 25% of the balance cash allocation into SAMP increasing equity portion of the portfolio to 69%,” First Capital Research added.
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Post by ruwan326 on Sun Jul 07, 2019 6:40 am

Foreign companies listed on the CSE can acquire, own freehold land

July 07, 2019


Foreign companies will soon be able to acquire and own freehold land in Sri Lanka as long as the entity is listed on the Colombo Stock Exchange (CSE).
The barrier imposed on land acquisitions done by foreign entities before 01-04-2018 will be removed through amendments to the Land (Restrictions on Alienation) Act No. 38 of 2014 previously amended in 2018.

The Cabinet of Ministers approved the proposal presented by Finance Minister Mangala Samaraweera to revise the 2018 amendments that provide provisions with respect to the land transactions after 01.04.2018. Accordingly this new amendment, which is with retrospective effect, all foreign companies listed in the CSE can acquire lands on 99-year lease basis thereby permitting such entities to obtain controlling stakes in projects and companies.

Previously foreigners including foreign companies with 50 per cent or over shareholding were allowed to purchase land outright by paying 100 per cent transfer tax in accordance with the 2014 Act enacted during the Rajapaksa regime.

Under the amendment Act of 2018 outright purchase has been prohibited for foreigners and they can only lease land up to even 99 years by paying a lease tax of 15 per cent on the total rent payable for the entire duration of the lease whether it is one year, 33 years or, 99 years.

This clause will remain in the proposed amendments as well, a senior official of the Finance Ministry said, adding that if the foreign company shareholding is increased to 50 per cent or over the ownership of the land will not become null and void under the new bill.

Foreigners are allowed to purchase apartments / condominiums from ground level up, however lands cannot be purchased on freehold and can only be leased up to 99 years.
The condominiums can be purchased provided that, the entire value shall be paid upfront through an inward foreign remittance prior to the completing of the relevant deed of transfer.
Local private firms with majority foreign holdings will be allowed to lease land on a long-term basis.

However, such companies should have invested at least Rs. 250 million excluding the value of land providing employment to at least 150 people, and have maintained this for at least three years, property dealer said. Any private company with minority foreign ownership can buy or lease property in Sri Lanka. Also a public company with over 50 per cent foreign ownership is now permitted to buy immovable property, they said.


http://www.sundaytimes.lk/190707/bus...nd-356781.html
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Post by NIRMALSG on Sun Jul 07, 2019 11:57 am

The Singapore formula


Thread for News on CSE and SL Economy  - Page 14 Jewel-changi-airport-1

Many years ago, my first visit to Singapore was a long stopover at the Singapore Airport, which was a memorable one. I had to wait about half a day for my connecting flight to Melbourne.

Singapore Airport was big, and it never stopped becoming bigger and better in order to accommodate the ever-growing air-travel passenger movements; today it handles over 65 million passengers a year. Singapore has built its airport not only to accommodate millions of passengers, but also to provide them with pleasant and enjoyable environment and services within the airport.

A few decades ago, perhaps, Singaporeans came to Colombo to get their connecting flights. The late Prime Minister of Singapore, Lee Kuan Yew had mentioned in his book – The Singapore Story, how he had a stopover in Colombo “on his way to London.”

How to become No.1?

I walked here and there, spent time in duty free shops, and glanced at books at the bookshops. Airport bookshops are particularly interesting, because they serve only particular interests. One of the most common books that you find in airport bookshops is about “how to become No.1?”

Here is Singapore which became No. 1 in Asia. It started off with US$500 per capita income at the time of its “unwanted” independence from Malaysia, and became the “richest nation in Asia” with more than $50,000 per capita income today.

It was not only the richest in Asia, it was also the “fastest in Asia” to become rich! Therefore, the matured-adult and elderly Singaporeans who live today in Asia’s richest country, were actually born in a poor country.

When Singapore was separated from Malaysia in 1965 and was left helpless to be on its own, it had no hope of survival. With less than 2 million people living in a country which was smaller than the Colombo district, Singapore was considered to be “too small to survive.” On top of all that, there were ethnic conflicts among the people, divided on ethnicity and language.

Disciplinary boundaries

For transit passengers who are staying long hours at the Singapore Airport, there were “city tours” free of charge. I thought: “Why not keep sitting in a tourist coach looking around the city rather than wandering inside the airport?” Since I still had few more hours to spend, I joined it too.

The tourist guide – a smartly dressed, pleasant, and knowledgeable person -, welcomed the group of about 20 passengers to the coach, introduced himself and explained about the tour. Then he said: “You can ask any question on the way, except those which might be politically-sensitive!”

It must have surprised many in the group, but nobody dared to ask him why he said that. Perhaps, it might turn out to be politically-sensitive too!

But his request, or rather the advice, implied to me the “discipline” much more than anything else. The discipline is utmost important to lead Singapore to prosperity and to maintain its social and political stability.

Secret formula

Why did Singapore become rich? Why did it become rich so fast? And why has it never stopped becoming richer by surpassing all the nations in Asia?

Being a student of economics, searching answers to a question as such never made me bored. Therefore, learning about “why some countries are rich, while others are poor” has always fascinated me. And the answers often run beyond economics.

Today, I also choose to answer the above question going beyond economics. The answer is based on the Singaporean Prof. Kishore Mahbubani’s “secret MPH formula” which he used to describe the success of Singapore. Prof. Mahbubani was a diplomat as well as an academic, who retired recently after serving 13 years as the Dean of the Lee Kuan Yew School of Public Policy, National University of Singapore.

I decided to reveal his secret MPH formula to answer not only the question of “Why Singapore became rich?” but also the question that “Why some others remain poor?”

Even if others adopt the same economic policies as Singapore did, the secret MPH formula would tell us that they are unlikely to succeed. Then, many would start condemning the “policies” with a wrong diagnosis, thinking that policies were responsible for keeping the nation poor!

Right people for the job

The MPH formula presents three elements that Singapore adopted in governing the nation: the abbreviation MPH stands for Meritocracy, Pragmatism, and Honesty.

Meritocracy is the “merit-based selection of right people” to run the country and the institutions. Many developing countries around Singapore had failed because the leaders used to pick up their family members, relatives, supporters, and buddies without any consideration to their competence to do the job.

But Singapore did the opposite: The political leadership of Singapore selected the “best” people with proven competence to fit the job: the Cabinet Ministers, the Parliamentarians, the bureaucracy, and the heads of public enterprises.

Someone might ask the question that then, how did Lee Kuan Yew select his elder son, Lee Hsien Loong, to be his successor as the Prime Minister. In spite of being the son, he was competent to be the head of country. He had a brilliant educational record at both Cambridge and Harvard universities as well as proven track record of competency to provide the leadership.

Singapore also adopted two important strategies to generate a “globally-competitive” labour force to contribute to its development. One is its education system which enabled Singapore to build one of the best educated population in the world with a global exposure. Second is the opening of the country to attract and retain talented foreign labour in Singapore.

Cat, made of wax or clay?

The second element in the MPH formula is the pragmatism – an application of solutions without being bonded with any doctrinal ideology. Ideologies seem dominating the policy-making in many developing countries, while some of these ideologies are leaders’ own imaginations. The policies based on ideologies always lead to “experiments”, and the experiments can either succeed or fail.

What was important for Singapore was that “if the cat catches mice, it doesn’t matter whether the cat was made of wax or clay”. Without trying to re-invent the wheel, Singapore “cut and pasted” the best practices from around the world. It didn’t matter, if such practices were from the capitalist world or the communist world.

Singapore also learnt from others’ mistakes in order to make sure that they were not imported to be implemented in Singapore. Lee Kuan Yew quoted ample such “mistakes” from many other countries in the neighbourhood, including
Sri Lanka.

Getting the “top” honest

The third element in the MPH formula is the honesty of leaders, aiming at building a “corrupt-free” society. “Corruption at the top level” is the biggest issue of many developing countries, which pulled them down. When the “top level” is corrupt, it is impossible to deal with “lower levels” of corruption so that the countries get entangled in it without a way out.

In this case too, Singapore did the opposite by punishing the “top level” first, before turning towards the “lower levels”. Once a Deputy Minister of Singapore government went on a holiday with his friend, as Prof. Mahbubani explained. On returning after the holidays, the Deputy Minister was arrested, made liable for corruption, and was sent to prison.

It became a question even to the defendant as to why was he arrested on baseless corruption charges. It was revealed that he went on a holiday with his friend who was a businessman and, who paid his hotel bills; that was corruption!

Singapore’s secret formula teaches us not only why Singapore became rich, but also why many other countries cannot become rich.
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Post by ruwan326 on Mon Jul 08, 2019 8:18 pm

Sri Lanka parliament faults finance ministry on wrong foreign debt interest costs

Jul 08, 2019

A Sri Lankan parliament committee has accused the government’s finance ministry of seriously underestimating and providing incorrect budget estimates on the interest cost on foreign debt, in its reports to the legislature.

A parliament report in public finance said it was trying to improve the quality and decipherability of information provided to law makers by the ministry of finance (MoF).
It referred to what it called a “puzzling phenomenon” of the finance ministry providing “egregiously incorrect” budget estimates on the interest cost of foreign loans.
The estimates provided in the budget on. interest payments on foreign loans have been egregiously incorrect, over many years, it said.
The actual costs have been under-estimated by 61.2 percent in 2016 and 33.8 percent in 2017.

The report noted that parliament had previously pointed out that “such large discrepancies need a valid explanation as foreign debt and interest payment commitments are large, known in advance, the bulk of it accrued over decades, and easily calculated.”
It also noted that “the MoF explanation provided was that this is a result of unexpected level of treasury bond purchases after the budget estimates are prepared, that count as foreign debt” and that “this explanation lacks credibility”.

This was because it requires the parliament committee on public finance to accept that interest payments on foreign debt built up over decades, which is about 35 percent of GDP at present, are hugely overshadowed by unexpected changes in interest payments on very short-term foreign debt taken and paid within a single year.

The report noted that the parliament committee had asked for a written explanation last year on “the very large and systematic error in projecting foreign interest payment” to be tabled in parliament.
“Such a written explanation has not been received to-date,” the report said.
This year, to guard against such repeated errors in estimates, the parliament Committee on Public Finance asked the MOF to share the schedule it maintains on foreign debt and interest payments.

“It is only in May 2020, after the Central Bank Annual Report is published for 2019, that the COPF will be in a position to make a fresh assessment about the integrity of the information that has been provided in the current budget cycle,” the report said.
“This simple case study on the huge discrepancies in estimates provided to Parliament, against actual outcomes, reflects the very serious failure by the MOF to adhere to reasonable standards in the provision of information, and lack of due diligence in responding to the issues highlighted through COPF reports.”

https://economynext.com/Sri_Lanka_pa...3-15055-1.html
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Post by ruwan326 on Tue Jul 09, 2019 7:56 am

Low quality petrol in market; substandard petrol instead of 92 octane

July, 8, 2019

Thread for News on CSE and SL Economy  - Page 14 Final-report-92-oct

The National Movement for Consumer Rights Protection (NMCRP) yesterday revealed that petrol 92 octane sold in the market is not up to standard.

The Chairman of the National Movement for Consumer Rights Protection, Ranjith Vithanage stated that, following a complain received at the consumer affairs authority, a 92 octane sample was checked at the CPC lab and subsequently it was revealed that the real composition is 90.5 octane.

“in February 2019, we lodged a complaint with the Consumer Affairs Authority that the petrol being sold to consumers by Lanka IOC is substandard.Accordingly, the CAA had sent several samples of petrol being sold by Lanka IOC to the lab at the Petroleum Corporation Refinery for testing on March 23rd and it was confirmed that the Octane percentage of the petrol being sold by IOC was only 90.5%,” Vithanage stated.

However, he points out that although these samples had been obtained from IOC sheds, the petrol had been distributed to them by a Sri Lanka Petroleum Corporation distribution center.

“The CPC stopped selling petrol 90 octane due to its low quality. But it seems that we still buy octane 90,”Vithanage added

Meanwhile, the chairman continued to question that who could be held responsible for this matter and called for a proper investigation.


http://bizenglish.adaderana.lk/low-q...-of-92-octane/
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Post by කිත්සිරි ද සිල්වා on Tue Jul 09, 2019 8:02 am

The link given is inaccessible.

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Post by ruwan326 on Tue Jul 09, 2019 10:33 am

කිත්සිරි ද සිල්වා wrote:The link given is inaccessible.

Sorry Keith Wink , try this one
http://bizenglish.adaderana.lk/low-quality-petrol-in-market-substandard-petrol-instead-of-92-octane/
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Post by ruwan326 on Wed Jul 10, 2019 9:28 pm

Sri Lanka stocks close 0.13-pct higher amid retail buying

Jul 10, 2019

The Colombo Stock Exchange gained on Wednesday due to Carson Cumberbatch and its subsidiary Bukit Darah, while retail trading was seen on four stocks, brokers said.


Sri Lanka stocks closed 0.13 percent higher on Wednesday, pushed up by Carson Cumberbatch and Bukit Darah, brokers said.

Colombo's All Share Price Index (ASPI) closed 7.43 points up at 5,521.83. The index gained to a high of 5,533.50 in the mid-afternoon before shedding points towards end of trading.

The S&P SL20 index of more liquid stocks closed 0.24 percent or 6.14 points down at 2,594.60.

The market turnover was 548 million rupees with 77 stocks gaining and 48 stocks declining.
Retail activity was centred on buying in Lanka IOC, Access Engineering, Serendib Engineering and Tokyo Cement Company, brokers said.

Crossings (negotiated trades) were seen on John Keells Holdings which accounted for 33 percent of daily turnover, brokers said.
Carson Cumberbatch PLC gained 9.30 rupees to 169.30 rupees a share, Bukit Darah PLC was 9.90 rupees up at 219.90 rupees a share and Softlogic Life Insurance PLC was 1.90 rupees up at 36.70 rupees a share, contributing to ASPI gain.

https://economynext.com/Sri_Lanka_st...3-15088-3.html
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Post by NIRMALSG on Mon Jul 15, 2019 9:18 am

Sri Lanka bad loans grows 4.8-pct in June after soft-peg collapse


Thread for News on CSE and SL Economy  - Page 14 2019-NPL-June-sri-lanka-lg
ECONOMYNEXT - Bad loan in Sri Lanka banking system grew to 4.8 percent of gross loans by June 2019, up from 4.2 percent in March, though the credit system has gone through much worse levels of non-performing loans in the past Central Bank Governor Indrajit Coomarasamy said.

"Clearly it is something we have to be cautious about and monitor very carefully," Governor Coomaraswamy said.

"It is not at crisis levels, we have had higher levels in the past. What we have to do is get growth growing again. We are trying to push lending rates down and push liquidity in to the system."

Bad loans spiked after the central bank triggered a currency collapse by printing money just as growth picked up in 2019 which left the rupee at 182 to the US dollar by end 2018 from 153 at the beginning of the year.

Monetary instability kills consumption, which hits revenues of companies, whose loans then go bad.

At the beginning of 2018, bad loans were at 3.0 percent, as tighter accounting rules forced banks to disclose bad loans early.

After the 2008 soft-peg crisis and capital flight bad loans peaked at 8.8 percent. After spiking during the 2015/2016 soft-peg crisis, bad loans fell to a low of 2.5 percent by the end of 2017.

The 2018 soft-peg crisis came quickly on top of a 2015/2015 crisis, but the currency fall is deeper, and liquidity shortages were prolonged.

Amber Light

Gross non-performing loans had grown to 323 billion rupees by the end of the first quarter of 2019, from 200 billion rupees a year earlier, according to central bank data, under tighter accounting rules.

"I do not think we are at the point where red lights are flashing." Governor Coomaraswamy said.

"It is probably in the amber light stage."

Sri Lanka is also considering giving a moratorium for about 100 billion rupees of tourism loans. Banks will not have to provide for loans suspended after the moratorium was announced. However the sector is expected to recover next year.

At the moment banks are well capitalized, with ratios generally above required levels, Deputy Governor Nandalal Weerasinghe said.

"If NPLs are rising banks will have to provide. That will have an impact on capital. At the moment capital is above even after making provisions NPLs."

But loans at finance companies were at 7.8 percent by March 2019 head. In March 2018 bad loans were at 5.82 percent of gross loans.

However in the finance company sector, there are several legacy companies dating back to the 2008 soft-peg crisis which ended a bubble which grew for several years.

At the time the central bank was battling fiscal dominance, with the Treasury apparently vetoeing attempts to raise policy rates. (Colombo/July15/2019)
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Post by nihal123 on Mon Jul 15, 2019 11:12 am

ආර්ථික වර්ධනය 3%ට බසී

July, 12, 2019


Thread for News on CSE and SL Economy  - Page 14 Dr.-Indrajit-Coomarawsamy-12.07
2019 වර්ෂය සඳහා මෙරට ආර්ථික වර්ධන වේගය 3%ක් බවට පුරෝකථනය කරනු ලබන බවට ශ්‍රී ලංකා මහ බැංකුව පවසයි. මේ සම්බන්ධයෙන් අදහස් දක්වමින් ශ්‍රී ලංකා මහ බැංකු අධිපති ආචාර්ය ඉන්ද්‍රජිත් කුමාරස්වාමි මහතා කියා සිටියේ, වසර ආරම්භයේ දී ඇස්තමේන්තු කරනු ලැබූ 4% මට්ටමේ සිට 3% ක් දක්වා ආර්ථික වර්ධන වේගය යළි පුරෝකථනය කර ඇති බවයි.
“ඇත්තවශයෙන්ම 2019 වර්ෂයේ දෙවන කාර්තුවේ ආර්ථික වර්ධන වේගය පිළිබඳව අපට සෑහීමකට පත්වන්නට බැහැ. වසර ආරම්භයේ දී 4% ක වර්ධනයක් අපේක්ෂා කළත් එය 3% ක් දක්වා සංශෝධනය කර තිබෙනවා“, යැයි මහ බැංකු අධිපතිවරයා වැඩිදුරටත් කියා සිටියේය.
මේ අතර ශ්‍රී ලංකා මහ බැංකුව වැඩිදුරටත් පවසන්නේ පාස්කු ඉරිදා සිදුවූ ප්‍රහාරයේ පසු ශ්‍රී ලංකා ආර්ථිකය ක්‍රමයෙන් යථා තත්ත්වයට පත්වනු ඇති බවට අපේක්ෂා කරන බවයි.
“ජනලේඛන හා සංඛ්‍යාලේඛන දෙපාර්තමේන්තුව මගින් ප්‍රකාශිත තාවකාලික අස්තමේන්තු අනුව, 2018 වසරේ සිව්වන කාර්තුවෙහි වාර්තා කරන ලද වාර්ෂික ලක්ෂ්‍යමය පදනම මත සියයට 1.8ක වර්ධනය හා සැසඳීමේ දී, ශ්‍රී ලංකා ආර්ථිකය 2019 වසරේ පළමු කාර්තුව තුළ දී සියයට 3.7%කින් හිතකර ලෙස වර්ධනය විය. පාස්කු ඉරිදා සිදුවූ ප්‍රහාරයෙන් අනතුරුව සංචාරක හා ඒ ආශ්‍රිත සේවාවන්ගේ වර්ධනය වසර මුල දී අපේක්ෂිත මට්ටමට වඩා දුර්වල වීම තුළින් කෙටි කාලයේ දී ආර්ථික වර්ධනයට බලපෑම් ඇති කළ හැකි අතර, මන්දගාමී වූ ගෝලීය වර්ධනය ආර්ථිකයේ මැදිකාලීන වර්ධන අපේක්ෂා සඳහා බලපෑම් ඇති කරනු ඇත. කෙසේ වෙතත්, සමස්ත රාජ්‍ය මූල්‍ය හා මුදල් ප්‍රතිපත්ති මෙන්ම අදාළ අධිකාරීන් විසින් ගනු ලැබූ ක්‍රියාමාර්ගවල සහයෝගයත් සමඟ සංචාරක අංශය යථා තත්ත්වයට පත්වෙමින් පැවතීම මෙන්ම, අපනයන අංශයේ වර්තමාන ක්‍රියාකාරීත්වය තුළින් ආර්ථිකය කඩිනමින් යථා තත්ත්වයට පත්වීම පිළිබඳ විශ්වසනීයත්වයක් ඇති කර ඇත“, යි නිවේදනයක් නිකුත් කරමින් ශ්‍රී ලංකා මහ බැංකුව වැඩිදුරටත් කියා සිටී.
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Post by NIRMALSG on Mon Jul 15, 2019 12:02 pm

This could be an opportunity which could managed by SL government. But unfortunately China gaining the advantage of the pale pale

But still it would be good news since it would be an investment in Sri Lanka and will generate new job opportunities as well as income to the country.

China’s Sinopec sets up fuel oil unit in Sri Lanka


China Petroleum and Chemical Corp, known as Sinopec Corp, said on Monday it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along a major maritime route, the Reuters news agency reported.

The new unit, called Fuel Oil Sri Lanka Co Ltd, has been registered in Hambantota on the southern tip of the country, according to a report on the website of Sinopec Group, parent of Sinopec Corp.

Fuel oil is a refined product mostly used as bunker fuel for ships and is also burned in power stations.

The move marks the latest investment in Sri Lanka by China, which sees the South Asian island nation as a pivotal part of its Belt and Road Initiative infrastructure plan.

Sinopec stressed the strategic location of Hambantota port on the Indian Ocean along a key shipping route between the Suez Canal and the Malacca Strait, which is transited by two-thirds of global oil shipments. The market to supply fuel to ships had “huge” potential, it said.

In March, India’s Accord Group and Oman’s Ministry of Oil and Gas signed a $3.85 billion deal to build a 200,000 barrel-per-day oil refinery near Hambantota port, in the biggest single pledge of foreign direct investment ever made in Sri Lanka.

China Merchants Port Holdings, China Harbour Engineering Corp and other Chinese companies are investors in the port and industrial zone.
Sinopec has set a company-wide target of 10 million tonnes of production capacity by 2020 to supply low-sulphur bunker fuels that meet the cleaner emission standards set by the International Maritime Organization (IMO).
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Post by NIRMALSG on Wed Jul 17, 2019 7:18 pm

Positive movement continue Very Happy

Sri Lanka stocks close 1.04-pct up, back at pre-Easter attack level


ECONOMYNEXT – Sri Lanka stocks closed 1.04 percent higher on Wednesday, with the market recovering to the pre-Easter Sunday suicide attacks level, brokers said.

Colombo's All Share Price index (ASPI) closed 58.29 points up at 5,645.65.

The S&P SL20 index of more liquid stocks closed 2.31 percent or 61.15 points up at 2,704.17.

Index-wise the market hit the level that it was operating on before the Easter Sunday attacks, reaching a three-month high from 04 April 2019, brokers said.

The market turnover 738 million rupees with 125 stocks gaining and 35 stocks declining.

There were two crossings seen in Commercial Bank of Ceylon stocks amounting to 57 million rupees.

Retail activity was mainly centered on Access Engineering (746 trades) and Dialog Axiata (431 trades).

Dialog Axiata closed 60 cents up at 10.70 rupees a share contributing most to the gain of the ASPI.

John Keells Holdings closed 2.50 rupees up at 148.10 rupees a share and Commercial Bank of Ceylon closed 2.90 rupees up at 97.10 rupees a share, also pushing the ASPI up.
(COLOMBO, 17 July, 2019)
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Post by ruwan326 on Thu Jul 18, 2019 8:22 pm

JKH, Dialog boost Sri Lanka stocks to 4-month high

Jul 18, 2019


Thread for News on CSE and SL Economy  - Page 14 Sri-Lanka-stocks-economynext-lg

Sri Lanka's stocks reached a 4-month high on Thursday.



Sri Lanka's stocks closed 0.69 percent higher on Thursday on buying interest in John Keells Holdings, Dialog Axiata and Ceylon Cold Stores, provisional data showed.
Colombo's All Share Price index (ASPI) closed 38.83 points up at 5,684.48, reaching a 4-month high since March 11.

The S&P SL20 index of more liquid stocks closed 1.40 percent or 37.73 points up at 2,732.26.
The market turnover was 391.7 million rupees with 113 stocks gaining and 51 stocks declining amid high retail investor activity.

There was moderate foreign participation, with net outflows of 17.3 million rupees from the market.
There was one crossing in Teejay Lanka for 45 million rupees and two crossings in Melstacorp totalling 45 million rupees.

John Keells Holdings PLC closed 2.90 rupees up at 151.00 rupees a share, Dialog Axiata gained 40 cents to 11.10 rupees a share and Colombo Cold Stores PLC was 30.00 rupees up at 600.00 a share, pushing the ASPI up.

Brokers said that stocks are gaining as an alternative investment on the back of price controls on fixed deposits, and due to expectations of elections this year.
However, some stocks may fall on profit taking, after the recent gains, brokers said.
The ASPI has gained for seven straight days, soaring past the levels seen just before the Easter Sunday bombings, which caused stocks to plunge.

"The earnings season is coming up in two weeks' time, and companies that did badly may witness some selling pressure," a broker said.
The June quarter was overshadowed by the terror attack, which has hit the tourism and related industries.
Economic activity slowed down with people staying at their homes for most of a month, due to traditional April holidays which were followed by a security crackdown.

https://economynext.com/JKH,_Dialog_...3-15186-3.html
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Post by nihal123 on Fri Jul 19, 2019 1:12 pm

මහ බැංකුව ණය පොළී අනුපාත තවදුරටත් පහළ දමයි

July, 19, 2019


Thread for News on CSE and SL Economy  - Page 14 CBSL3
මූල්‍ය අංශය හරහා මුදල් ප්‍රතිපත්ති සම්ප්‍රේෂණය කඩිනම් කිරීමේ අපේක්ෂාව පෙරදැරිව,  2019 අප්‍රේල් 29 වන දින සිට ක්‍රියාත්මක වන පරිදි, බලපත්‍රලාභී බැංකු හා බැංකු නොවන මූල්‍ය ආයතන විසින් තැන්පතු සඳහා ලබා දෙනු ලබන පොලී අනුපාත පහත දමන ලෙසට ශ්‍රී ලංකා මහ බැංකුව විසින් ඉල්ලීමක් කරන ලදී. එමගින් බලපත්‍රලාභී බැංකු විසින් විශේෂයෙන් සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරවලට හා පොදුවේ ණය ලබා දීමේදී අය කරන පොලී අනුපාත පහත හෙලනු ඇතැයිද මූර්ත ආර්ථිකය වෙත ණය ප්‍රවාහ ඉහළ නැංවීමට හැකිවෙතැයි ද අපේක්ෂා කෙරිණි.
ඒ අනුව  බලපත්‍රලාභී බැංකු හා බැංකු නොවන මූල්‍ය ආයතන මගින් ඉතිරි කිරීමේ සහ මාස 3 ට අඩු අනෙකුත් තැන්පතු සඳහා ලබා දෙන පොලී අනුපාත නිත්‍ය  තැන්පතු පහසුකම් අනුපාතය ( SDFR) මත පදනම් වන අතර එයට වඩා වැඩි කාලසීමාවකින් යුතු තැන්පතු සඳහා ගෙවන පොලී අනුපාත දින 364 භාණ්ඩාගාර බිල්පත් අනුපාතය මත පදනම් වේ.
ව්‍යවස්ථාපිත සංචිත අනුපාතය (SRR) පහල දැමීම මඟින් ද ශ්‍රී ලංකා මහා බැංකුව දේශීය මුදල් වෙළඳපොලට සැලකිය යුතු රුපියල් ද්‍රවශීලතාවයක් සැපයූ අතර එයට අමතරව 2019 මැයි 31 වන දින සිට සිය ප්‍රතිපත්ති පොලී අනුපාතික ද පදනම් අංක 50 කින් අඩුකළේය. එහි බලපෑම, නිත්‍ය තැන්පතු පහසුකම් අනුපාතය හා බැඳුණු ඉතුරුම් තැන්පතු පොලී අනුපාතයන්ගේ පහල යාම මඟින් සෘජුව පිලිබිඹු වේ.
2019 ජුලි 01 දින සිට ක්‍රියාත්මක වන පරිදි 2019 වසරේ තුන් වන කාර්තුව සඳහා බැංකු සහ බැංකු නොවන මූල්‍ය  ආයතනයන්ගේ තැන්පතු සඳහා බලපැවැත්වෙන පදනම් පොලී අනුපාත (reference rates) තවදුරටත් සංශෝධනය කරන ලදී. එමෙන්ම ඉතුරුම් හා ස්ථාවර තැන්පතු සඳහා ලබා දිය හැකි උපරිම ණය අනුපාත පිලිවෙලින් පදනම් අංක (basis points) 50 කින් සහ 171 කින් තවදුරටත් පහත දමනු ලැබූ නිසා බැංකු සහ බැංකු නොවන මූල්‍ය ආයතනයන්ගේ අරමුදල් පිරිවැය අඩුවෙනු ඇත. 2019 අප්‍රේල් 26 වන විට 12.24% ක් ලෙස පැවති බරිත සාමාන්‍ය ප්‍රමුඛ  ණය පොලී අනුපාතිකය 2019 ජූලි 12 වන විට 10.97% ක් දක්වා අඩුවී ඇත.
මේ අනුව‍, බැංකු හා බැංකු නොවන මූල්‍ය  ආයතනයන්ගේ ණය පොලී අනුපාත තවදුරටත් නුදුරු අනාගතයේදීම අඩුවනු ඇතැයි ශ්‍රී ලංකා මහ බැංකුව අපේක්ෂා කරන අතර විශේෂයෙන් සුළු හා මධ්‍ය  පරිමාණ ව්‍යාපාරිකයන් ඇතුළු ණය ගැනුම්කරුවන් හට අඩු පොලී අනුපාත යටතේ ණය පහසුකම් ලබා ගැනීමට හැකිවනු ඇතැයි අපේක්ෂා කෙරෙයි. ශ්‍රී ලංකා මහ බැංකුව විසින් බැංකු පොලී අනුපාතිකයන්ගේ හැසිරීම සමීපව නිරීක්ෂණය කරන අතර මනා ලෙස පාලනය කර ඇති උද්ධමන පීඩනය සැලකිල්ලට ගනිමින් ආර්ථික වර්ධනයට රුකුලක් වන පරිදි සුදුසු අමතර ක්‍රියාමාර්ග ගැනීමට ද අනාගතයේ දී කටයුතු කරනු ඇත.
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Thread for News on CSE and SL Economy  - Page 14 Empty Re: Thread for News on CSE and SL Economy

Post by NIRMALSG Yesterday at 5:10 am

If the country is politically stable, investors are showing the interest to invest in Sri Lanka. Hope we could see that stability soon. At least in next 6 months. Smile

I believe after 1.5 or 2 years, Foreign investments in positive side on CSE.

Thread for News on CSE and SL Economy  - Page 14 Frg10  

It seams coming colors good for the investors in the market. Very Happy Very Happy Very Happy

Stock market also gaining mainly due to hope of stability and it seams more money from fixed deposits coming to the market. I believe those are not manipulations since fundamentally attractive share also gaining last couple of days.  Purely because of high demand. Hope this trend continue.

Envoy tells MR French investors keen on H’tota Port


French Ambassador to Sri Lanka Eric Lavertu yesterday said investors from France have shown keen interest in investments related to the Hambantota port and the plantation sector.

The French Ambassador expressed these views during a meeting held at Opposition Leader Mahinda Rajapaksa’s residence in Colombo.

In a statement, Opposition Leader's office said the Ambassador thanked the Opposition Leader for his presence at the French National Day during the previous week.

The Ambassador stated that there are many investment opportunities in Sri Lanka, if the political and economic policies provide more stability to create an environment conducive to attract foreign investors, the statement said.

He also stated that investors from France show keen interest in investments related to the Hambantota Port and the plantation sector.

The statement said the Ambassador highlighted the importance of the Hambantota Port and it is strategically located at the heart of global traffic, by default making it a great opportunity for any investor.

During the meeting Rajapaksa voiced his agreement to the statement by the Ambassador regarding the Hambantota Port and further went on to state that the taxation policies would also need to be revisited by a future government in order to make it investment friendly.


Last edited by NIRMALSG on Sat Jul 20, 2019 5:47 am; edited 1 time in total (Reason for editing : Added Foreign inflow graph)
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