Economic

ASPI gains 1,030 points (13.9%) over last four sessions while more liquid S&P SL20 index gains around 409 points (17%)

The rupee yesterday appreciated to Rs. 365 level to the dollar from Rs. 377 yesterday. This is following the Central Bank issuing guidance to inter-bank rate for the first time since the exchange rate was fixed in late last year as well as since the free floatation of the currency from early March this year.

අග්‍රාමාත්‍ය රනිල් වික්‍රමසිංහ මහතා ඉක්මනින්ම නව අයවැය ලේඛනයක් පාර්ලිමේන්තුවට ඉදිරිපත් කිරීමට සූදානම් වන බව වාර්තා වේ.

The country’s manufacturing and services sectors suffered a sharp dip in April as per the Purchasing Managers Index (PMI) compiled by the Central Bank.

The Colombo stock market achieved one of its sharpest day and weekly gains thanks to apparent improved investor sentiment on the appointment of Ranil Wickremesinghe as the Prime Minister.

කොටස් වෙළඳපොළේ මිළ දර්ශක වෙනස් වීමක්

Maturing public debt is Rs. 2 trillion this year and 10% increase in interest rate fuels debt servicing cost by a further Rs. 200 b annually or Rs. 20 b per 1% hike
The sharp hike in interest rate to severely hit the Government most as analysts estimate one percentage increase translates to Rs. 20 billion per annum.

1Q sees strong NIM on the back of rising AWPLR
Solid 248% growth in exchange income stemming from sharp depreciation of rupee against dollar by 47%
Sizable 74.6% increase in net fee and commission income during the period, driven by cards and trade-related operations
Higher impairment provision on loans and investments to capture possible economic uncertainties
Marginal drop in Group PAT (4.9%) while PBT recorded a slight growth of 1.6%
Group’s PBT and PAT for Q1 2022 was Rs. 6.8 b and Rs. 4.9 b respectively

වාණිජ බැංකු රැසක ඩොලරයේ මිල මෙන්න

The Central Bank (CB) expects the recently introduced middle spot exchange rate to strengthen the rupee exchange rate and to ease the liquidity pressures in the domestic foreign exchange market.

ජනමතයට පටහැනිව පිහිටුවීමට අදහස් කරන අමාත්‍ය මණ්ඩලයට සමගි ජනබලවේගය විසින් කිසිඳු සාමාජිකයෙකු යෝජනා නොකරන බව එහි නායක විපක්ෂ නායක සජිත් ප්‍රේමදාස මහතා පවසනවා. ඒ, ජනාධිපතිවරයා ඔහු වෙත යොමු කළ ලිපියට පිළිතුරු ලිපියක් යොමු කරමින්.

ගණුදෙනු කරන්න පැය දෙකක්

Data shows banks having extended Rs.478bn in fresh credit but number hides lacklustre demand for real credit
Credit blow-up is a result of sudden rupee depreciation as banks revalued their foreign currency assets and liabilities at weaker rupee
In contrast, banks gave modest Rs.36bn and Rs.34bn in fresh credit in January and February
Swelling in private credit gives an indication of extent to which country’s public debt stock could be revalued

The Central Bank will have to print money when not doing so brings even bigger problems such as not paying State sector salaries, said the Central Bank Governor Dr. Nandalal Weerasinghe adding that they however do that with utmost responsibility and restraint now than before.

මහා බැංකුවේ අධිපතිටත් එපා වෙලා

ග්‍රෑම් 400 ක ආනයනික කිරිපිටි පැකට්ටුවක මිල රුපියල් 1,020 ක් දක්වා ඉහළ ගොස් තිබෙනවා. නෙත් නිවුස් වාර්තාකරුවන් කළ සොයාබැලීමකදී දැක ගැනීමට හැකිවූයේ මෙම මාසයේ පස්වන දින නිෂ්පාදිත දිනය සඳහන් කිරිපිටි පැකට්ටුවල වැඩිවූ මෙම මිල ගණන් සඳහන්ව ඇති බවයි. මීට පෙර ග්‍රෑම් 400 ක කිරි පිටි පැකට්ටුවක් අලෙවි වුණේ රුපියල් 790 කටයි.

වාණිජ බැංකු රැසක ඩොලරයේ මිල මෙන්න

The main Opposition the Samagi Jana Balawegaya (SJB) yesterday got an update on the state of the economy from the Central Bank Governor Dr. Nandalal Weerasinghe and Treasury Secretary Mahinda Siriwardena.