Economic Capsule - December 2010

C O N T E N T S Economic & Business News ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Financial Sector News Analysis & Forecast

Back to Contents Economy & Business News

Key Highlights of the Sri Lankan Economy Research & Development Unit Back to Contents ,[object Object],Lower tax regime Relaxation of strict foreign exchange controls ,[object Object],[object Object],Lower interest rates ,[object Object],Fiscal prudence ,[object Object],Infrastructure development

“ Sri Lanka has what it takes to be the Wonder of Asia” Research & Development Unit Back to Contents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sri Lanka Economy Expands by 8.0 % in 3Q, 2010 Research & Development Unit Back to Contents The three major sectors of the economy recorded significant growth rates. ,[object Object],[object Object],The percentage share of the three major sectors – 3Q,2010 2008 2009 2010 Q 1 6.2 1.6 7.1 Q 2 7.0 2.1 8.5 Q 3 6.3 4.2 8.0

Revision of the Composition of the Milanka Price Index (MPI) 3 rd January 2011 to 30 th June 2011 Research & Development Unit Back to Contents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Banks , Finance & Insurance Hotels & Travels Commercial Bank of Ceylon Asian Hotels and Properties Hatton National Bank Galadari Hotels (Lanka) Sampath Bank Health Care Seylan Bank Nawaloka Hospitals DFCC Bank Beverages , Food & Tobacco National Development Bank Distilleries Co. of Sri Lanka Nations Trust Bank Investment Trusts Pan Asia Banking Corporation Environmental Resources Investment Janashakthi Insurance Land & Property LB Finance Overseas Realty (Ceylon) Merchant Bank of Sri Lanka Manufacturing Diversified Chevron Lubricants Lanka Hemas Holdings Chemical And Pharmaceuticals John Keells Holdings Chemical Industries Richard Pieris Trading Telecommunication Brown & Co Dialog Axiata

Around 75 Firms to be Listed in Colombo Stock Exchange in 2011 Research & Development Unit Back to Contents ,[object Object],[object Object],[object Object],[object Object],[object Object]

Inflation Research & Development Unit Back to Contents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: CBSL

External Sector Performance – October 2010 Research & Development Unit Back to Contents Exports (USD Mn) Imports (USD Mn) Source: CBSL Source: CBSL Category October 2009 USD mn October 2010 USD mn Change October (%) Jan - Oct 2009 USD mn Jan - Oct 2010 USD mn Change Jan - Oct (%) Exports 628.7 802.2 27.6 5,748.2 6,505.5 13.2 Imports 1,043.0 1,130.8 8.4 8,179.5 10,862.6 32.8 Balance of Trade -414.3 -328.6 -20.7 -2,431.4 -4,357.1 -79.2 Workers’ Remittances 292.4 376.0 28.6 2,773.8 3,380.4 21.9 2009 2009

Sri Lanka - Tourist Arrivals up 63 % in November 10’ Research & Development Unit Back to Contents ,[object Object],[object Object],[object Object]

Shangri-La Leisure Project to Kick off in 2011 Research & Development Unit Back to Contents ,[object Object],[object Object],[object Object]

Back to Contents Financial Sector News

Back to Contents COMBANK NEWS - COMBANK NEWS - COMBANK NEWS - COMBANK NEWS - COMBANK NEWS ComBank Annual Report Wins Four ,[object Object],[object Object],[object Object],[object Object],Commercial Bank Annual Report 2009 won the following awards at the “Awards for Excellence in Annual Reporting 2010” organized by the Institute of Chartered Accountants of Sri Lanka Research & Development Unit ,[object Object],[object Object],[object Object],Branch Openings ,[object Object],[object Object]

Back to Contents Analysis & Forecast

The World in 2011: Research & Development Unit Back to Contents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],A n a l y s i s & F o r e c a s t > > >

Sri Lankan Economy Research & Development Unit Back to Contents A n a l y s i s & F o r e c a s t > > > ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cont…

Sri Lankan Economy (cont…) Research & Development Unit Back to Contents A n a l y s i s & F o r e c a s t > > > ,[object Object],[object Object],Inflation ,[object Object],[object Object],External Sector Exports ,[object Object],[object Object],[object Object],Cont…

Sri Lankan Economy (cont…) Research & Development Unit Back to Contents A n a l y s i s & F o r e c a s t > > > External Sector - Imports (cont…) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Exchange Rate

The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC The information contained in this presentation has been drawn from sources that we believe to be reliable. However, while we have taken reasonable care to maintain accuracy/completeness of the information, it should be noted that Commercial Bank of Ceylon PLC and/or its employees should not be held responsible, for providing the information or for losses or damages, financial or otherwise, suffered in consequence of using such information for whatever purpose. From The Research Team Vision without action is a day dream. Action without vision is a nightmare Japanese Proverb

Economic Capsule - December 2010

Empfohlen

Empfohlen

Weitere ähnliche Inhalte

Was ist angesagt?

Was ist angesagt? (20)

Ähnlich wie Economic Capsule - December 2010

Ähnlich wie Economic Capsule - December 2010 (20)

Mehr von Commercial Bank of Ceylon PLC

Mehr von Commercial Bank of Ceylon PLC (20)

Economic Capsule - December 2010