Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» PLAYERS PICK OF THE DAY
by sanjulanka Today at 7:10 am

» MARKET CRASH - GUARANTEED
by ruwan326 Yesterday at 9:05 pm

» Bathbala Balaya...
by DS Wijesinghe Yesterday at 7:26 pm

» Are you happy now? ඔබට සතුටුයිද දැන් ?
by DS Wijesinghe Yesterday at 6:54 pm

» Central Bank will intervene if rupee moves on speculation – official
by Miss-Sangeetha Yesterday at 4:09 pm

» MAHINDA RAJAPAKSHA 'S FUTURISTIC LEADERSHIP PAYS RICH DIVIDENDS
by DS Wijesinghe Yesterday at 8:08 am

» CSE WEEKLY
by ruwan326 Sat Sep 22, 2018 7:02 pm

» රජයට කෘත්‍රිමව රුපියල පාලනය කළ හැකිද?
by samaritan Sat Sep 22, 2018 2:50 pm

» DOLLAR MOVING UP UP
by samaritan Sat Sep 22, 2018 10:30 am

» Maharaja from Rajasthan
by ruwan326 Sat Sep 22, 2018 9:29 am

» Weekly Stock Market Roundup
by Insights Equity Fri Sep 21, 2018 10:40 pm

» MARKET CRASH - NOT GUARANTEED
by DS Wijesinghe Fri Sep 21, 2018 10:17 pm

» Summary of Key Announcements during the week 10 August 2018
by ruwan326 Fri Sep 21, 2018 7:32 pm

» Daily Foreign Transactions
by ruwan326 Fri Sep 21, 2018 7:30 pm

» Daily Stock Market Update
by Insights Equity Fri Sep 21, 2018 7:11 pm

» ඩොලරය රු. 170 යි
by samaritan Fri Sep 21, 2018 3:44 pm

» WHY SRI LANKAN CAN NOT DO THIS
by Chanuque Fri Sep 21, 2018 6:24 am

» Time has come to reverse 70 years history
by ruwan326 Thu Sep 20, 2018 7:22 pm

» Gold climbs as dollar weakens on U.S.-China trade dispute
by Miss-Sangeetha Thu Sep 20, 2018 3:39 pm

» BLI Shares
by EGG Thu Sep 20, 2018 2:03 pm

» Banking shares Value picks for long term
by jayathu Thu Sep 20, 2018 1:32 pm

» UAL - Going down now?
by ruwan326 Wed Sep 19, 2018 9:47 pm

» Quality Management Systems
by lenny123 Wed Sep 19, 2018 10:54 am

» ASI MAY GO DOWN TO 5950
by Ahcha Wed Sep 19, 2018 9:43 am

» Clarification on the Erroneous Report regarding Sri Lanka issued by Nomura Holdings Inc.
by ruwan326 Wed Sep 19, 2018 8:59 am

» Invest on valuable metal
by Supunnawarathna Tue Sep 18, 2018 7:54 pm

» Market going down today?
by ruwan326 Tue Sep 18, 2018 12:00 pm

» SFL COLLECTION GOING ON....??????????
by sanjulanka Tue Sep 18, 2018 9:11 am

» ANILANA MANDATORY OFFER
by ruwan326 Mon Sep 17, 2018 7:52 pm

» Treasury to take over key role of Central Bank
by ruwan326 Mon Sep 17, 2018 6:45 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » BOP surplus during the first nine months of 2016

BOP surplus during the first nine months of 2016

Go down  Message [Page 1 of 1]

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Some positive news.

While (many) people are so keen find mistakes.

an 11, Colombo: Sri Lanka's trade deficit contracted by 12 percent to US$ 645 million in September 2016 from US$ 733 million a year earlier due to the combined effect of an increase in exports and a decline in imports, according to the Central Bank data released in its External Sector Performance Review Wednesday.

Earnings from exports grew 5.7 percent in September 2016, year-on-year, to US$ 898 million largely to the growth in all major categories of exports. The highest contribution to the growth was from industrial exports led by transport equipment, food beverages and tobacco and rubber products, followed by agricultural exports, led by tea.

Expenditure on imports declined by 2.5 percent to US$ 1.543 billion in September 2016 compared to the same month in 2015 largely due to the lower expenditure incurred on importation of personal motor vehicles and fuel.

On a cumulative basis, earnings from exports declined by 3.0 percent to US$ 7.763 billion during the first nine months of 2016 while expenditure on imports decreased by 1.7 percent to US$ 13.95 billion resulting in no net change in cumulative trade deficit of US$ 6.18 billion.

Tourist arrivals continued to expand, recording a marginal growth of 3.6 percent in September 2016. Cumulative tourist arrivals during the first nine months of 2016 increased by 14.6 percent earning US$ 2.5 billion compared to US$ 2.18 billion earned in the corresponding period of 2015.

Workers' remittances declined marginally by 1.1 percent to US$ 577.9 million in September 2016 in comparison to US$ 584.2 million in September 2015. However, cumulative inflows from workers' remittances at US$ 5.382 billion during the first nine months of 2016 recorded a growth of 3.9 percent in comparison to US$ 5.182 billion in the corresponding period of 2015.

Foreign investments at the Colombo Stock Exchange recorded a net inflow of US$ 5.1 million in September 2016. However, the cumulative foreign investments in the CSE during the first nine months of 2016 recorded a net outflow of US$ 19.02 million.

During the first nine months of 2016, the overall BOP is estimated to have recorded a surplus of US$ 243.1 million, in comparison to a deficit of US$ 2.316 billion recorded during the corresponding period of 2015.

Sri Lanka�s gross official reserves as at end September 2016 amounted to US$ 6.5 billion, equivalent to 4.1 months of imports, while total foreign assets stood at US$ 9.1 billion, equivalent to 5.8 months of imports.

The rupee recorded a depreciation of 0.1 percent against the US dollar during the period from end 2016 to 10th January 2017.

http://www.colombopage.com/archive_17A/Jan11_1484149821CH.php

Back to top  Message [Page 1 of 1]

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