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.
FINANCIAL CHRONICLE™

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

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

RUPEE FALLS AS CB-FM CONFLICT BREWS Vote_lcap68%RUPEE FALLS AS CB-FM CONFLICT BREWS Vote_rcap 68% [ 178 ]
RUPEE FALLS AS CB-FM CONFLICT BREWS Vote_lcap18%RUPEE FALLS AS CB-FM CONFLICT BREWS Vote_rcap 18% [ 47 ]
RUPEE FALLS AS CB-FM CONFLICT BREWS Vote_lcap13%RUPEE FALLS AS CB-FM CONFLICT BREWS Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by soileconomy Today at 12:01 am

» LMF target price+++++
by buddikasmart Yesterday at 11:34 pm

» BUY and HOLD CLC Possible to trade above 300/- [CLC= NIFL]
by Peris.G Yesterday at 10:28 pm

» LOFC Direction
by RAVI1980 Yesterday at 10:08 pm

» CLC - worth the Investment
by jaya Yesterday at 9:38 pm

» SCAP just about to run
by Chithi Yesterday at 9:10 pm

» is KCAB going for a split?
by dimi Yesterday at 7:16 pm

» LMF vs LAMP
by C.THARANGA Yesterday at 6:46 pm

» NP Rumored to enter SCAP
by Swissinvest Yesterday at 5:48 pm

» COCR can be attractive
by chandike73 Yesterday at 4:24 pm

» SOFTLOGIC CAPITAL PLC (SCAP.N0000)
by nish84 Yesterday at 4:13 pm

» LLUB comparison between 2016- 2021 Same EPS Trading at Huge discount
by samansilva Yesterday at 2:16 pm

» Shares to Buy
by PhilT Yesterday at 1:59 pm

» CLC placed on a Slingshot . . . !!!
by Elite_SGX Yesterday at 11:48 am

» CLC – the Pinnacle of LOCH
by Elite_SGX Yesterday at 11:48 am

» CLC getting ready for Singapore
by Elite_SGX Yesterday at 11:47 am

» NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)
by ADAD Yesterday at 11:44 am

» AGAL - Long way to go !
by Nimal hemantha perera Yesterday at 11:43 am

» East West ltd
by chandike73 Yesterday at 11:40 am

» BAIRAHA FARMS PLC (BFL.N0000)
by hotstock Yesterday at 11:32 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » RUPEE FALLS AS CB-FM CONFLICT BREWS

RUPEE FALLS AS CB-FM CONFLICT BREWS

+2
sapumal
samaritan
6 posters

Go down  Message [Page 1 of 1]

1RUPEE FALLS AS CB-FM CONFLICT BREWS Empty RUPEE FALLS AS CB-FM CONFLICT BREWS Wed Feb 22, 2017 11:40 am

samaritan


Moderator
Moderator

RUPEE FALLS FOR 5TH SESSION AS CENTRAL BANK - FOREIGN MINISTER CONFLICT BREWS!
(Mirror Business of Today)
COUNTRY'S ECONOMY IN A SOUP!


_________________




The biggest risk in life is not taking any risk at all.

2RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Wed Feb 22, 2017 12:13 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

Rupee fall doesn't a mater. It is good for contry like SL. Previous approach only bought harm to the country. We have tested it for decades. It is time to exit from the depending rupee without depending the approach.
China , India forcefully devaluate their currency to boost the export to grow the economy. At least for 3 years we need to follow the same approach. Even it fails doesn't matter as depending approach failed us  for decades.

3RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Wed Feb 22, 2017 12:42 pm

samaritan


Moderator
Moderator

@sapumal wrote:Rupee fall doesn't a mater. It is good for contry like SL. Previous approach only bought harm to the country. We have tested it for decades. It is time to exit from the depending rupee without depending the approach.
China , India forcefully devaluate their currency to boost the export to grow the economy. At least for 3 years we need to follow the same approach. Even it fails doesn't matter as depending approach failed us  for decades.
Hon.Minister of Finance Ravi K thinks otherwise. Is he ignorant?


_________________




The biggest risk in life is not taking any risk at all.

4RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Wed Feb 22, 2017 2:18 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

How come import country like ours it's good rupee getting depreciated???

5RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Thu Feb 23, 2017 9:43 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

@jayathu wrote:How come import country like ours it's good rupee getting depreciated???
Simply imports will be demotivated. Our economy is consumer based economy. We rent,sell our harbors, airports, hotels, valuable lands to foreigners and import goods. This approach only can last until the last land sold to a foreigner.
We can create more jobs by moving into production economy. For an example if we take milk, sugar we pay around 20billions for imports. But we only can produce 3,4  jobs to handling the imports. But if we produce them in here we could produce 40,000 direct jobs with 40,000 income for a month from 20 billion.
Then there would be indirect jobs.

Importers make deals with ministers and take a big profit from importing those silly things. That's how the system works.

6RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Thu Feb 23, 2017 11:46 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

@sapumal twin deficit country like ours, wont it affect our country adversely deprecating the currency? If you go through CB accounts our Loan borrowing cost has gone up by 25% due to large amount of USD loans we have in our book. We are highly debt ridden country.

eg;- if you take 2015 development bonds were issued at 4.50% per annum for two year bond. Amount of 950Mn USD. Right now for last two yrs rupee has deprecated roughly around 15-18%.
they're going to issue again development bonds again this yr also. Most probably to pay off the maturing developing bonds.
http://www.economynext.com/Sri_Lanka_to_raise_at_least_US$450mn_from_3_year_loan-3-7404-17.html

7RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Thu Feb 23, 2017 12:42 pm

samaritan


Moderator
Moderator

Agree with Jayathu. Countries like China & India depreciated the currency when those were strong in order to stimulate exports. In our case its not so we already have a weakened currency and imports dependency for essential food commodities will send prices high making situ worse. This is not the appropriate time. Development of local sugar industry is a good suggestion if feasible.


_________________




The biggest risk in life is not taking any risk at all.

8RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Thu Feb 23, 2017 1:17 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

I am not saying depreciate the currency like India, China. But keep it at the right place. Currently it is overvalued.
Depreciation wont be a problem in medium term to long term. When depreciating the currency the negative trade deficit will be narrowed as exports starting to rise and imports starting to decline. When no deficit , currency depreciation will be stopped for ever
With the current approach, imported goods are always have a 10% discount against local products. Local producers will never get a chance to compete with the foreign goods. Again it will pressure the currency and further depreciation is inevitable
People show essential foods but they import luxury items or things we could produce in here

9RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Fri Feb 24, 2017 1:58 am

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

the best way to defend the rupee is by export but we dont manufacture much to export ! plus oil imports are hurting the economy ! energy sector should be encourage through zero tax on sloar panels this may ease the burden on oil imports and encourage many private companies to get into solar for their energy needs ! but leaders are snoring in parliament

10RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Fri Feb 24, 2017 9:30 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

Look at our imports
http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/press/press_20160506e.pdf
Only around 25% is spend for fuel (oil,gas)

11RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Fri Feb 24, 2017 8:44 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

No proper investment programs had been launched aiming export oriented industries by utilizing foreign borrowings. Not a surprise to suffer in every segment of economy now.

12RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Sat Feb 25, 2017 8:03 pm

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics

@sapumal wrote:Look at our imports
http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/press/press_20160506e.pdf
Only around 25% is spend for fuel (oil,gas)


There is nothing to look our imports.

Even the underwear is imported in Srilanka.... Very Happy

if Tsunami hits Srilanka again , then US$ will fall . No other possibilities.

13RUPEE FALLS AS CB-FM CONFLICT BREWS Empty Re: RUPEE FALLS AS CB-FM CONFLICT BREWS Sun Feb 26, 2017 9:32 am

samaritan


Moderator
Moderator

@sureshot wrote:
@sapumal wrote:Look at our imports
http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/press/press_20160506e.pdf
Only around 25% is spend for fuel (oil,gas)


There is nothing to look our imports.

Even the underwear is imported in Srilanka.... :D

if Tsunami hits Srilanka again , then US$ will fall . No other possibilities.
Also, our major exports is Housemaids!RUPEE FALLS AS CB-FM CONFLICT BREWS Icon_biggrin


_________________




The biggest risk in life is not taking any risk at all.

Sponsored content



Back to top  Message [Page 1 of 1]

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