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

» NATIONS TRUST BANK PLC (NTB.N0000)
by ColomboCSE Yesterday at 10:52 pm

» DIPD/HAYC/HAYL
by SUSPENS Yesterday at 9:55 pm

» Sri Lanka's Debt Dynamics
by sanjeewa88 Yesterday at 7:50 pm

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by Wolf86 Yesterday at 7:32 pm

» Value first and BUY second !
by EquityChamp Yesterday at 7:26 pm

» Amana Takaful ATL & ATLL
by apphunter Yesterday at 6:09 pm

» Blossom March
by vijay singh Yesterday at 5:16 pm

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by Jana Yesterday at 5:09 pm

» TILE / LWL / RCL
by subash81 Yesterday at 4:56 pm

» RICH or TKYO
by subash81 Yesterday at 4:56 pm

» LALU.N0000
by Jana Yesterday at 4:48 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Yesterday at 4:45 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Yesterday at 4:33 pm

» UNHCR Fear is over 21 countries speak for us only 15 against
by Equityinvestor Yesterday at 4:06 pm

» CSE Crossings for the week
by Pradeep90 Yesterday at 12:16 pm

» SEMB SEMB
by stockchaser Yesterday at 12:09 am

» Leading brokers causing market downturn
by dhanushkacse Sat Feb 27, 2021 10:18 pm

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by Nishan Cooray Sat Feb 27, 2021 9:42 pm

» Daily Foreign Transactions
by Mithooshan Sat Feb 27, 2021 7:31 am

» SOFTLOGIC HOLDINGS PLC (SHL.N0000)
by suku502 Sat Feb 27, 2021 12:58 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™ » Inflation increased marginally to 0.2% YoY

Inflation increased marginally to 0.2% YoY

Go down  Message [Page 1 of 1]

1Inflation increased marginally to 0.2% YoY Empty Inflation increased marginally to 0.2% YoY Tue Jun 23, 2015 10:12 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Inflation remains at low levels: Inflation increased marginally to 0.2% YoY in May 2015 from 0.1% recorded in April 2015 while annual average inflation declined to 1.9% in May from 2.1% in April 2015. CCPI increased by 0.7% MoM from April to May 2015 caused by the increase in food prices. In the Non-food category prices in the sub categories of Miscellaneous Goods and Services; and Recreation and Culture increased while others remained unchanged.


Expenditure on imports declines in March

Trade deficit contracts YoY: The trade deficit during March 2015 contracted by 13.5% YoY to US$ 521mn from US$ 602mn in 2014 due to the increase in export earnings at a higher percentage than the increase in import expenditure.


Earnings from exports declined marginally by 0.9%, YoY, to US$ 1,060mn in March 2015 from US$ 1,070mn recorded in March 2014. Earnings from tea exports, which declined from August 2014 YoY, continued to decline by 27% in March 2015 as well. Meanwhile, export earnings from spices increased by 63.3% due to the higher export volumes, especially pepper and cloves. On cumulative basis, export earnings during the first three months of 2015 increased by 1.6% YoY to US$ 2,862mn.


Expenditure on imports declined by 5.5% YoY to US$ 1,581mn in March 2015 mainly due to 66% decline in expenditure on fuel imports. Import expenditure on fertiliser and dairy products, which declined by 48.8% and 43.0%, respectively, also contributed significantly for the decline in import expenditure. On cumulative basis, expenditure on imports during first three months of 2015 increased marginally by 0.9% YoY to US$ 4,792mn.


Policy rates remained unchanged in May


Private sector credit increase to support the growth momentum: Market interest rates have adjusted downwards following the reduction in policy rates of the Central Bank in April 2015, while the continuation of the low interest rate regime induced demand for bank credit from the private sector. Accordingly, credit obtained by the private sector from commercial banks increased by 13.9% YoY in March recording a cumulative increase for the first quarter of 2015 as LKR 86.9bn. CBSL, in the view that the current monetary policy stance is appropriate, kept Deposit and Lending rates unchanged at 6.00% and 7.50% respectively. 

The recent currency swap agreement with the Reserve Bank of India amounting to US dollars 400 million has strengthened official reserves of the country. Further, broad money (M2b) grew by 12.5% in March 2015 on a YoY basis, along the expected path for monetary expansion.


Tourist arrivals in May rise 26% YoY

Arrivals increase YTD: Arrivals for the month of May increased to 113,529, a 26% improvement from May 2014. For the period Jan-May 2015 tourist arrivals have grown by 14.5% over the corresponding period last year. Tourists from India records the highest number of arrivals with a 38.2% increase from May 2014 and 26.8% increase YTD. Chinese arrivals for May have increased by 71.9% YoY while for the Jan-May arrivals increase records as 80.2%, followed by UK arrivals which grew by 15% YoY and 9.7% YTD. Arrivals from South Asia, Middle East increased by 28% and 10.5 % YoY while a 33.1% YoY increase in arrivals is seen in East Asia compared to May 2014. North American arrivals grew by 24.8% while Western European arrival rose by 25.8% YoY with a notable YoY increase of 107% in Denmark arrivals. Eastern European arrivals grew by 25.9% YoY.


Rates dip slowdown

Marginal dip in rates: Following the heavy drop in rates during the month of April 2015 interest rates on securities settled with only marginal movement in May 2015. Across the board rates have dipped 10-20 bps.

Global news

Indian manufacturing activity slips: Manufacturing activity in India slipped but remained positive in April, with HSBC Holdings’ purchasing managers’ index registering 51.3, down from March’s 52.1. However, Market Economics noted that external orders remained robust during the month.
(Source: www.business-standard.com)
Manufacturers raise prices in Eurozone: Eurozone manufacturers were finally confident enough to begin raising prices in April, the first increase in eight months. In addition, input costs rose for the second month after six straight months of decline.
(Source: www.bloomberg.com)
Asia will be fastest-growing region this year, IMF says: Asian economies will expand 5.6% this year, with growth in Japan and India compensating for a slump in China, according to the International Monetary Fund. However, IMF economists say Asian growth could weaken if regulators fail to deal with rising debt and increasing vulnerability to financial-market disruption. Chinese growth depends on higher productivity and domestic consumption, said Changyong Rhee, director of Asia-Pacific at the IMF.
(Source: www.mainichi.jp)
Inflation seen rising because of QE, ECB official says: Expectations of inflation are on the rise as a result of quantitative easing by the European Central Bank, Governing Council member Erkki Liikanen said. "We’re not at the levels where we should be, but the direction is right," he said.
(Source: www.reuters.com)
Asia still a draw as FDI in emerging markets falls: The International Monetary Fund forecasts lower growth of 4.3% for emerging economies this year and a decline in foreign direct investment, although Asia is expected to outperform.
(Source: www.ft.com)
Little improvement seen for Chinese manufacturing in May: China’s factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy.
(Source: www.reuters.com)
India’s Modi suggests more FDI: Indian economic sectors with high employment potential are a priority for the government as it considers ways to attract more foreign direct investment, Prime Minister Narendra Modi said.
Courtesy: The Island 22 June 2015

Back to top  Message [Page 1 of 1]

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