FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» 14 May onwards -Road Clear to Enter one of the Asias Most Undervalued Stock Market
by kalu351 Today at 6:34 am

» Plantation Sector
by කොටස් වෙළඳපොළ2020 Yesterday at 10:13 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Yesterday at 9:50 pm

» Company Financials or Group Financials?
by ronstyn53 Yesterday at 8:07 pm

» Banking Sector Analysis
by ADVENTUS Yesterday at 7:34 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Bakkabwoi Yesterday at 5:24 pm

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by J-CAT Yesterday at 3:58 pm

» කොටස් වෙළඳපොළ2020
by කොටස් වෙළඳපොළ2020 Yesterday at 1:52 pm

» Grain Elevators Earnings Review With Q1 Results
by EquityChamp Yesterday at 10:11 am

» What will happen tomorrow?
by Lakshman wijayawardhana Yesterday at 9:57 am

» Most Undervalued Shares
by Lakshman wijayawardhana Yesterday at 9:54 am

» Future of Talawakelle Plantation PLC
by කොටස් වෙළඳපොළ2020 Yesterday at 5:02 am

» GLAS will be winner with Super Gain.
by invest thinker Thu May 13, 2021 11:59 am

» NEVER GIVE UP BECAUSE: Stock market for beginners
by Asoka Samarakone Wed May 12, 2021 9:37 pm

» Make it your goal to stay positive in a negative market
by reyaz Wed May 12, 2021 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Wed May 12, 2021 8:32 pm

» Ban of chemical fertilizers is a great news
by samaritan Wed May 12, 2021 9:59 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Wed May 12, 2021 9:48 am

» Price prediction on GRAN and TAFL
by Antonym Wed May 12, 2021 8:47 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by Bakkabwoi Wed May 12, 2021 12:25 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Trade deficit falls 2.1%

Trade deficit falls 2.1%

Go down  Message [Page 1 of 1]

1Trade deficit falls 2.1% Empty Trade deficit falls 2.1% Sat Dec 29, 2012 7:56 am

K.Haputantri

K.Haputantri
Co-Admin
Trade deficit falls 2.1%
December 28, 2012, 8:05 pm
The Island

The trade deficit contracted by 2.1 percent year-on-year to US$ 8,582.9 million during the period January to November 2012, the Central Bank announced on Friday (28).

Cumulative export earnings during this period fell 6.6 percent to US$ 8,991.4 million while import expenditure fell 4.5 percent to US$ 17,574.3 million.

Tea export earnings fell 6.2 percent to US$ 1,273.6 million while apparels fell 4.6 percent to US$ 3,633.3 million.

The petroleum bill grew 8.5 percent year-on-year to US$ 4,672.5 million during the eleven month period.

2Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sat Dec 29, 2012 12:32 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Govt should give priority for EXPORTS

1977 trade Minister said "EXPORT OR PERISH"

Present Minister give priority for WHAT?

3Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sat Dec 29, 2012 12:52 pm

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Exports are duty free........
No Vat................
If goes with a BOI - tax release.

Other than giving subsidies all other available relaxations are already made.
It is matter for us to start exporting......

Really what are the other relaxations we can made to the system. I dont have any clue. ( Even Japan goes with a BOP deficit.trade deficit? ....)

4Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sat Dec 29, 2012 4:49 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Only tax incentives not sufficient

No Export Drive or genuine Effort

Why we can't export

5Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sat Dec 29, 2012 9:55 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
its sad to see that exports falling even with the rupee depreciation.
If not for the rupee depreciation the exports would have fallen much more.

6Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 12:29 am

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@chamith wrote:its sad to see that exports falling even with the rupee depreciation.
If not for the rupee depreciation the exports would have fallen much more.

Isn't the article clear enough? The numbers are given in Dollar terms.

7Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 12:54 am

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@D.G.Dayaratne wrote:

Why we can't export


Maybe because the Dayaratnes are wasting time on forums instead of innovating or producing exportable goods.

8Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 5:53 am

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jiggysaurus wrote:
@chamith wrote:its sad to see that exports falling even with the rupee depreciation.
If not for the rupee depreciation the exports would have fallen much more.

Isn't the article clear enough? The numbers are given in Dollar terms.

The main expectation of a home currency depreciation is to encourage exports and discourage imports. Is that what we see here ?

9Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 8:35 am

K.Haputantri

K.Haputantri
Co-Admin
@chamith wrote:
@Jiggysaurus wrote:
@chamith wrote:its sad to see that exports falling even with the rupee depreciation.
If not for the rupee depreciation the exports would have fallen much more.

Isn't the article clear enough? The numbers are given in Dollar terms.

The main expectation of a home currency depreciation is to encourage exports and discourage imports. Is that what we see here ?

I think that, what ever CB & Treasury interventions and policy tools work in tandem with other basic requirements under "ease of doing business" which covers a large area such as relaxation of controles, de-politicitation of govt., entities, minimising corruption etc., and also availability of business opportunities without restrictions. Mere policy tools canot tackle those basic requirements. Its a total clensing exercise of the rotten system.

10Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 9:13 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yes this a problem of total system

Govt should make genuine effort to brake the vicious cycle

11Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 9:34 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Jiggysaurus,

I appreciate some good contributions you make. I also enjoy a bit of sarcasm directed in the right way. But kindly becareful to respect people while you make comments. Looking at Mr Dayaratnes seniority ( I presume he stated correct info here) , he has earned the right to make constructive opinions here after doing what he could to the
country.

Revisiting what you said, am not sure how many politicans physically get involved in anything . We know they waste time making speech after speech and does best by giving directives to others. This forum can give intellectual/contructive views for the development of the country. We do not have to have politcal agendas to support anyone blindly.

There was a lot said to improve exports this year. The reasons for fall needs to be revisted to rectify . Other than natural causes and Europe crisis, if the obstacles are policies and mandates they need to be revisited if the people responsible truly care.

@Jiggysaurus wrote:
@D.G.Dayaratne wrote:

Why we can't export


Maybe because the Dayaratnes are wasting time on forums instead of innovating or producing exportable goods.

12Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 11:56 am

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@chamith wrote:its sad to see that exports falling even with the rupee depreciation.
If not for the rupee depreciation the exports would have fallen much more.
Yes you are correct but some say this as,
අතීසාරයට අමුඩෙ ගහනව වගේ කියලා
(It hides the symptoms for someperiod but does not treat the illness.)

13Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 4:23 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Actually speaking Dayaranes(not only Myself) are not given a chance to contribute

That is also a problem of present system

You all know how people are appointed to manage institutions

14Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Sun Dec 30, 2012 6:35 pm

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
i will tel you these calculation again..............
Sri lankan tea companies gives the total depreciation advantage to foreign buyer.

Eg.
If the tea selling price is 110...................previous price ( 110/110) US$ 1........... current price ( 110/130) US$ .84................

So there is a drop in Tea export revenue for sure. it si a 16% clear drop. But we get the long term advantage over other countries since they cant reduce the prices like we did.

I know how srilanakan largest tea exporter do their costings. But i hv no clue on Dhilmha. Any way it is negligible since they are exporting around 7m Kgs where out total export is around 300m+ Kgs.

I know this will never understood by Dr, Harsha........... No point of telling him..............

15Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Mon Dec 31, 2012 9:21 am

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Arena...

According to your explanation the cause of the export being reduced is passing over the depreciation advantage to the foreign buyer.
Isn't that trade off finally result in higher sales. eg: we use to sell tea for 1$, but now we sell at 0.84$ So simply this should result in a very high demand for our tea. In the international market there is unlimited supply (as its global) so that such a huge price cut should result in much higher demand.

16Trade deficit falls 2.1% Empty Re: Trade deficit falls 2.1% Mon Dec 31, 2012 10:23 am

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ chamith ,

Yes you are correct.

But when we want more tea from the Colombo tea auction, automatically prices goes up and again the $ price will go towards $1. The reason is sri lankan tea supply cannot be increased with in a short period. it is a long term process. ( But this is good for all plantations in the short run for sure. I hope We will see it next month on wards from tea action prices )

So what i want to tell is we cant achieve these economic targets over night. Since the "Other factors constant " theory is not practical in the real world. So no point of asking GOV. where is the Export growth u expected from the currency depreciation. It will come gradually and Export revenue will never be increased in short run, only thing we can expect is more investors will come for export trade but in the long run.

When its come to tea...............The best option is to increase the quality of Ceylon tea instead of these currency gilmarts since Currency advantages are not sustainable and get set off from some where as i explained.

All these political economists know the game but pretend in front of the public.

Sponsored content


Back to top  Message [Page 1 of 1]

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