Central Bank (CBSL) Updates

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Central Bank (CBSL) Updates

Postby NC+ » Thu Jan 12, 2017 6:12 pm

I like to open this thread, in order to publish CBSL updates (news, announcements, press releases, events, reports etc) as an initiate..
If there voluntary member(s) who can contribute, hope this thread will be more successful..
:)
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Re: Central Bank (CBSL) Updates

Postby NC+ » Thu Jan 12, 2017 6:13 pm

External Sector Performance–September 2016

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Central Bank to publish new indices on property, wages

Postby NC+ » Thu Jan 12, 2017 6:14 pm

Central Bank to publish new indices on property, wages

The Central Bank is to publish new indices on property prices going forward while modifying the existing wage indices in a bid to enhance the statistical inputs used in policymaking at the Central Bank and also to better track the various developments in the private sector.
Indices on property prices, wages and jobs published on a monthly basis provide crucial insights into the health of an economy and are used to determine the monetary and fiscal policies in developed and emerging market economies.

For this purpose, the Central Bank has already taken measures to enhance its technical capabilities, develop the processes and train its staff.
“We would also continue to strengthen the technical capability, particularly with regard to the compilation methodologies of macroeconomic statistics in line with international standards. This could promote sound economic analyses for the purpose of formulating effective policies, while improving the transparency of the monetary policy and policy communication,” Central Bank Governor Dr. Indrajit Coomaraswamy said.
The Central Bank, among a host of regular economic surveys carried out, began publishing the Purchasing Managers Index (PMI) from 2015 onwards, a widely used statistical model to gauge the strength and direction of an economy.
Meanwhile, the International Monetary Fund (IMF) recently warned Sri Lanka about the signs of sharp rise in housing and land prices. The Central Bank’s land price index for the Colombo District has increased by 12.5 percent year-on-year in June 2016.
In view of possible bubbles in these sectors, the IMF suggested to the authorities to tighten the monetary stance further and also to impose maximum loan-to-value ratios to curb credit flows into selected sectors.
“If credit growth does not abate as expected or inflationary pressures resurge, the authorities should tighten further the monetary stance. In addition, macro-prudential tools can be applied if needed, including a maximum loan-to-value ratio regulation to curb credit growth,” stated the IMF staff report, which was presented to the Executive Board’s consideration on November 18, 2016.
Earlier, Dr. Coomaraswamy announced that the bank was in a joint project with the IMF to develop a structural model-based Forecasting and Policy Analysis System (FPAS) to strengthen the monetary policy decision-making process and to support Sri Lanka’s transition to a flexible inflation targeting regime.
“Under the FPAS, the Central Bank has already finalized the development of the baseline version of a semi-structural Quarterly Projection Model (QPM) for forecasting and analysing the monetary policy,” he said.
Since his appointment, Dr. Coomaraswamy has taken several measures to increase the transparency of not just the public debt market but also in many other areas of operations of the Central Bank to rebuild the credibility and public confidence in the institution.

http://www.dailymirror.lk/article/Centr ... 22057.html
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SL Purchasing Managers’ Index (PMI) Survey – December 2016

Postby NC+ » Sat Jan 14, 2017 8:01 pm

SL Purchasing Managers’ Index (PMI) Survey – December 2016

- The Manufacturing Sector PMI was 58.3 in December indicating that the manufacturing activities continued to expand in December 2016. This was mainly due to the higher pace in which New orders sub-index expanded during the month compared to November together with the positive contribution from Production sub-index.
- The Services Sector PMI increased marginally to 59.8 index points in December from 59.7 index points in November 2016. The increase in PMI over the last month’s value indicates that economic activities in the Services sector expanded at a marginally higher rate in December 2016 compared to the previous month.

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Re: Central Bank (CBSL) Updates

Postby NC+ » Mon Jan 23, 2017 5:00 pm

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පොළී අනුපාත ඉහළට

Postby NC+ » Thu Jan 26, 2017 3:36 pm

2016 සැප්තැම්බර් 02 වනදායින් පසු, දින 91 භාණ්ඩාගාර බිල්පත් සඳහා තීරණය වුණු ඉහළම පොළී අනුපාතිකය ඊයේ (25) පැවති භාණ්ඩාගාර බිල්පත් වෙන්දේසියේ දී වාර්තා විය. එහීදී පූර්ව වෙන්දේසියේ දී නියම වී තිබූ 8.98% පොළී අනුපාතිකය ඊයේ වෙන්දේසියේ දී 9.03% දක්වා ඉහළ යන ලදී.

මේ අතර දින 182 බිල්පත් පොළිය 10.05% සිට 10.07% දක්වා මෙවර වෙන්දේසියේ දී ඉහළ ගිය අතර දින 364 බිල්පත් පොළිය 10.37% මට්ටමේ නොවෙනස්ව පැවතිණි.

ඊයේ වෙන්දේසියේ දී රුපියල් මිලියන 94,686 ක ලංසු ඉදිරිපත් වී ඇති අතර රුපියල් මිලියන 27,233 ක ලංසු අනුමත කිරීමට රාජ්‍ය ණය දෙපාර්තමේන්තුව කටයුතු කර තිබේ.
http://biz.adaderana.lk/%E0%B6%B4%E0%B7 ... %E0%B6%A7/
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Re: Central Bank (CBSL) Updates

Postby NC+ » Sat Feb 04, 2017 11:04 am


.
Overall BOP Position:
During the first ten months of 2016, the overall BOP is estimated to have recorded a
deficit of US dollars 273.6 million, in comparison to a deficit of US dollars 2,337.2
million recorded during the corresponding period of 2015.

International Reserves and Exchange Rate Movements:
Sri Lanka’s gross official reserves as at end October 2016 amounted to US dollars 6.1
billion, equivalent to 3.8 months of imports, while total foreign assets stood at US
dollars 8.5 billion, equivalent to 5.3 months of imports.

Summary:
cb.png


FDI drives Sri Lanka trade deficit: imports up on China port city dredger:
(http://www.economynext.com/FDI_drives_S ... 238-1.html)
ECONOMYNEXT - Sri Lanka's imports rose 16.4 percent in October 2016, from a year earlier to 1.9 billion US dollars with transport equipment rising 237 percent to 258 million dollars with the import of a dredger by a Chinese company showing how foreign investment drives the trade gap.

CHEC Port City (Pvt) Ltd, which is reclaiming the sea near Colombo port, imported a dredger, the Central Bank said. Without the dredger, imports were up 5.2 percent in October, the central bank said.

The trade deficit rose 32 percent to 1,051 million dollars in October. Foreign direct investment (exports of investments) is a key driver of trade deficit in all countries and particularly Sri Lanka, which is a net receiver of foreign investment. Building of factories with FDI also expands the trade deficit. The trade deficit is also driven by remmittances (exports of labour), tourism and net foreign borrowings by the government all which create dollar inflows outside the merchandise trade (exports) account for domestic agents to spend.

Vehicle imports plunged 55 percent to 64.6 million dollars from 145 million dollars a year earlier.

Textile and apparel imports rose 35 percent to 232 million dollars and diamonds and jewellery soard to 68.7 million dollars from 4.2 million dollars.

Building materials rose 6.3 percent to 134 million dollars.

Exports rose 0.9 percent to 955 million dollars with apparel rising 1.3 percent to 391 million dollars, rubber products rising 8.1 percent to 68.3 million dollars and machinery rising 32 percent to 36.3 million dollars.

Tea fell 9.4 percent to 108 million dollars, seafood rose 9.7 percent to 13.3 million dollars and spices fell 21 percent to 28.7 million dollars.

In the 10-month to October exports fell 2.6 percent to 8.6 billion US dollars, and imports rose 0.2 percent to 15.85 billion dollars.

The trade deficit expanded 3.7 percent to 7.23 billion US dollars. (Colombo/Feb03/2017)
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Re: Central Bank (CBSL) Updates

Postby NC+ » Mon Feb 06, 2017 5:41 pm

Public Lecture: Global Economic Developments and Implications for South Asia
Feb 08th 3.30 PM @ CBSL
Entrance Free
.
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Monetary Policy Review: No. 1 – 2017

Postby NC+ » Tue Feb 07, 2017 7:59 am

Monetary Board, at its meeting held on 06 February 2017, was of the view that the economy is gradually responding to the stabilisation measures adopted by the Central Bank and the government since late 2015. However, close monitoring of macroeconomic developments is necessary in the period ahead, with a view to adopting further corrective measures, if required. The Board was also of the view that, at this stage, the monetary policy stance of the Central Bank is appropriate and decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank unchanged at 7.00 per cent and 8.50 per cent, respectively.
.
Monetary Policy Decision: Policy rates unchanged

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Re: Central Bank (CBSL) Updates

Postby SHARK » Tue Feb 07, 2017 8:44 am

Thanks NC for the updates ......... :) A great value addition to TEC.

Please keep it up :D
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Re: Central Bank (CBSL) Updates

Postby Shadow walker » Tue Feb 07, 2017 8:59 am

Thanks NC+
Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)


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Re: Central Bank (CBSL) Updates

Postby NC+ » Thu Feb 09, 2017 6:52 am

Thanks Shark & SW..
this's a free thread, other members can freely do post under this,
And, appreciate if any volunteer member contribute or take up this thread.. :)
"come on.. and say I like to do.."
Last edited by NC+ on Thu Feb 09, 2017 6:57 am, edited 1 time in total.
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Re: Central Bank (CBSL) Updates

Postby NC+ » Thu Feb 09, 2017 6:54 am

Sri Lanka to raise up to US $ 2.5bn via foreign loans this year

The Central Bank already has plans to raise up to US $ 2.5 billion in debt through a syndicated loan and an international sovereign bond to build the country’s foreign reserves to US $ 7.5 billion by the end of this year, the Central Bank officials said yesterday.
“We should end the year with US $ 7.4-7.5 billion in reserves,” Central Bank Governor Dr. Indrajit Coomaraswamy said.
The country currently has approximately US $ 6 billion in foreign reserves, equal to four months of import protection. Sri Lanka is an import-based economy.
In order to meet the targets, the Central Bank has received the cabinet approval for a US $ 1 billion syndicated loan and a US $ 1 billion sovereign bond, according to Dr. Coomaraswamy.
“But we are requesting to raise up to US $ 1.5 billion through the sovereign bond,” he said.
While noting that this year’s foreign debt repayment is relatively high compared to the recent years, Dr. Coomaraswamy said that there is nothing to worry about.
Sri Lanka is required to have US $ 7.04 billion in net foreign reserves by the end of this year to remain eligible for the US $ 1.5 billion Extended Fund Facility of the International Monetary Fund, which is crucial to meet the country’s balance of payments.

Read more..
http://www.dailymirror.lk/article/Sri-L ... 23557.html
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Re: Central Bank (CBSL) Updates

Postby Shadow walker » Thu Feb 09, 2017 7:54 am

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)


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Re: Central Bank (CBSL) Updates

Postby Blue Whale » Thu Feb 09, 2017 8:25 am

NC+ wrote:Thanks Shark & SW..
this's a free thread, other members can freely do post under this,
And, appreciate if any volunteer member contribute or take up this thread.. :)
"come on.. and say I like to do.."


Don't worry others will join. You have to lay the anchor role buddy. :D
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Re: Central Bank (CBSL) Updates

Postby NC+ » Thu Feb 09, 2017 2:44 pm

Thanks SW.. :)
.
Yep BW, I will have a limited time to spent on TEC on coming months, years. But before that, I like to see others (includes new members) to continue these threads; CBSL, Energy updates, Currency updates, Cabinet updates and financially valued news ets. And I hope to start two new threads (Metal and agri commodity update) sooner if get enough members to continue these thread. My vision is to see TEC as a "One-Stop Shop" for all type of investors, so any one can login to forum and be updated...
My including yours time is limited, I'm gonna limit my time more sooner that's why I'm highlighting we need more contributors..
:)
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Re: Central Bank (CBSL) Updates

Postby Shadow walker » Wed Feb 15, 2017 8:27 pm

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)


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Re: Central Bank (CBSL) Updates

Postby SHARK » Wed Feb 15, 2017 8:30 pm

Yield is UP and CSE is UP .....

Something aint right...

But Market weigh high on Discount and Bargain Hunt :-B
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Re: Central Bank (CBSL) Updates

Postby sashimaal » Wed Feb 15, 2017 8:33 pm

Rating outlook upgrade is the main driver.

Market has fallen way too much and doesn't deserve these low ASI levels



SHARK wrote:Yield is UP and CSE is UP .....

Something aint right...

But Market weigh high on Discount and Bargain Hunt :-B
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Re: Central Bank (CBSL) Updates

Postby Shadow walker » Wed Feb 15, 2017 8:46 pm

sashimaal wrote:Rating outlook upgrade is the main driver.

Market has fallen way too much and doesn't deserve these low ASI levels



SHARK wrote:Yield is UP and CSE is UP .....

Something aint right...

But Market weigh high on Discount and Bargain Hunt :-B



But, if this interes rate uptrend continue for five , six weeks, one year T bill can reach to 11% .. its not good for investors..
Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)


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Re: Central Bank (CBSL) Updates

Postby PAT » Wed Feb 15, 2017 9:47 pm

Yes, if this trend continure not good for CSE......
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Without compromising your ability to Live Tomorrow……… :)

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Re: Central Bank (CBSL) Updates

Postby sashimaal » Wed Feb 15, 2017 10:17 pm

ST volatility is there. Banking sector is a strong MT-LT buy in my opinion,

Maybe around June/July we should start seeing the start of the rate downtrend. We need FDIs to come in / selling either the H'thota port or Mattala airport or similar without dragging is needed.

Current ASI needs to be around 6500 atleast is my view. Let Mr Market will be the judge :)



Shadow walker wrote:
sashimaal wrote:Rating outlook upgrade is the main driver.

Market has fallen way too much and doesn't deserve these low ASI levels



SHARK wrote:Yield is UP and CSE is UP .....

Something aint right...

But Market weigh high on Discount and Bargain Hunt :-B



But, if this interes rate uptrend continue for five , six weeks, one year T bill can reach to 11% .. its not good for investors..
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Re: Central Bank (CBSL) Updates

Postby stockback » Wed Feb 15, 2017 10:29 pm

ECONOMYNEXT - Sri Lanka may go to market with a sovereign bond to raise up to 1.5 billion US dollars as early as next month, with the US Federal Reserve poised to raise rates again.

This week Sri Lanka's cabinet of ministers approved the proposal by the finance ministry to sell the bond.

Sri Lanka is also negotiating a syndicated loan of up to 2.0 billion US dollars.

Sri Lanka is expected to tap Citibank, Standard Chartered Bank, HSBC and Deutsche Bank to help arrange road shows to update investors, in preparation for a bond sale, sources said.

Federal Reserve Chair Janet Yellen made a strong case to raise rates sooner than later.

Fitch Ratings upgraded the outlook on Sri Lanka 'B+' sovereign rating to 'stable' from 'negative' this week on improving tax revenues, which helped reduce the budget deficit which went off the rails in 2015 after a state salary hike and increases in subsidies.

But rising oil prices are hurting the finances of state energy utilities, forcing them to borrow more.

In addition to budget deficits, energy subsidies triggered by lack of price formulae are the two triggers for Sri Lanka's economic crises in the past. (Colombo/Feb15/2017)

----------------------------------------------------------------------------------------------------------------------------------------------------------

if government take 2. Billion USd and 1.5 Billion USD. then rates start to drop at local Bond and Bill Markets.

at the moment nearly 220 Billion RS hold by Foreigner 1-5 Years bond market. if Government able to protect USD and taking USD loan. then RS bond and Bill rates start to fall.....

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SL Purchasing Managers’ Index (PMI) Survey – January 2017

Postby NC+ » Thu Feb 16, 2017 8:33 am



Manufacturing and services activities slow down in January

Sri Lanka’s manufacturing and services sectors lost some momentum in January compared to the previous month though both sectors recorded index values over 50 percent, still signalling an expansion.
According to the Purchasing Managers’ Index (PMI) calculated by the Central Bank, the manufacturing sector recorded an index value of 56.2 in January, a 2.1 index point decrease, compared to December 2016.
The services sector PMI recorded 57.5 index points in January from 59.8 percent index points in December 2016.
The PMI is an important statistical model to gauge the health of an economy.

“The deceleration in PMI indicates that the manufacturing activities expanded at a moderate pace in January 2017 largely attributable to post seasonal realignment of business plans ahead as reflected in Production and New Orders sub-indices,” the Central Bank said.
The Central Bank said the services sector PMI decline was caused by the decelerations in New Businesses and Business Activity sub-indices and the decline in Backlogs of Work sub-index.
http://www.dailymirror.lk/article/Manuf ... 23896.html
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Re: Central Bank (CBSL) Updates

Postby NC+ » Mon Feb 20, 2017 5:05 pm

Sri Lanka inflation spike in February not demand-driven: CB Governor

ECONOMYNEXT - Sri Lanka's spike in 12-month inflation to 5.5 percent February 2017 was due to statistical and 'supply' issues, and was not driven by demand, which can be corrected by higher interest rates, Central Bank Governor Indrajit Coomaraswamy said.

He said the Central Bank watched the current account deficit of the balance of payments and inflation.

There was a widening of the trade deficit due to the import of a dredger and 12-month inflation in the capital rose to 5.5 percent in January from 4.5 percent in December.

Meanwhile core-inflation, a controversial measure without food and fuel which usually understates price rises and is used Sri Lanka's central bank and other central banks not to tighten policy rose to 7.0 percent in January from 5.8 percent in December after the index was re-based
Before the rebasing core inflation was already at 6.3 percent but headline inflation was 4.1 percent. In the earlier index, alcohol was not included in a transparent ruse understate inflation.

Coomaraswamy said the re-basing reduced the food component to 30 percent of the index and non-foods was not 70 percent.

He said headline inflation was still within a target band agreed with the International Monetary Fund.
Read more..
http://www.economynext.com/Sri_Lanka_in ... 383-1.html
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