Economic Capsule January 2010

ECONOMIC CAPSULE Research & Development Unit January 2011

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Economic & Business News Financial Sector News > C o n t e n t s > > ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Back to Contents Financial Sector News > >

Back to Contents ComBank News… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Research & Development Unit

Back to Contents Proposed Policies for Financial System Stability in 2011 and Beyond… ,[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],Cont… Research & Development Unit

Back to Contents Proposed Policies for Financial System Stability in 2011 and Beyond… (cont…) ,[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],[object Object],[object Object],Cont… Research & Development Unit

Back to Contents Proposed Policies for Financial System Stability in 2011 and Beyond… (cont…) ,[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],[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],[object Object],[object Object],Cont… Research & Development Unit

Back to Contents Proposed Policies for Financial System Stability in 2011 and Beyond… (cont…) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: CBSL - Road Map, January 2011 Research & Development Unit

Back to Contents CBSL Cuts Policy Rates Central Bank of Sri Lanka (CBSL) in a surprise move cut its Repo rate by 25 basis points & the RRepo rate by 50 basis points w.e.f. 11.01.11. ,[object Object],[object Object],[object Object],[object Object],[object Object],Research & Development Unit REPO RREPO Previous Rate 7.25 % 9.00 % Rate Effective from 11.01.11 7.00 % 8.50 %

Back to Contents Movements in Monetary Aggregates and the Rate of Inflation ,[object Object],[object Object],[object Object],Research & Development Unit

Back to Contents Sri Lanka to Set up Domestic ATM Switch ,[object Object],[object Object],[object Object],[object Object],[object Object],Research & Development Unit

SHARE MARKRT 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],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Back to Contents

Back to Contents Economic & Business News > >

Back to Contents Sri Lanka Moves up in the Economic Freedom Index ,[object Object],[object Object],Sri Lanka has moved up considerably in the “2011 Index of Economic Freedom” released by The World Heritage Foundation and the Wall Street Journal. Sri Lanka has been ranked as the world’s 107 th (from 183 economies) freest economy in 2011, higher in comparison to the 120 th place in 2010. ,[object Object],[object Object],[object Object],Research & Development Unit

Back to Contents Macroeconomic Outlook and the Monetary Policy Strategy for 2011 and Beyond: CBSL - Road Map, January 2011 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cont… Research & Development Unit

Macroeconomic Outlook and the Monetary Policy Strategy for 2011 and Beyond: CBSL - Road Map, January 2011 (cont…) ,[object Object],[object Object],Key Developments Expected in the Medium Term ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cont… Back to Contents Research & Development Unit

Macroeconomic Outlook and the Monetary Policy Strategy for 2011 and Beyond: CBSL - Road Map, January 2011 (cont…) Key Developments Expected in the Medium Term (cont…) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cont… Back to Contents Research & Development Unit

Back to Contents Macroeconomic Outlook and the Monetary Policy Strategy for 2011 and Beyond: CBSL - Road Map, January 2011 (cont…) Key Developments Expected in the Medium Term (cont…) ,[object Object],[object Object],[object Object],[object Object],[object Object],Cont… Research & Development Unit 2010 2011 2012 2013 GDP Growth 8.0 8.5 9.0 9.5 GDP Deflator 7.0 6.0 5.5 5.0 Broad Money-M2b (Annual Average) 15.0 14.5 14.5 14.5

[object Object],[object Object],[object Object],[object Object],Sri Lanka: Up Coming Hotel Projects ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Back to Contents Cont… Research & Development Unit

Sri Lanka: Up Coming Hotel Projects (cont…) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Domestic business groups, John Keells Holdings and Amaya too are either planning and/or started building new properties, expanding / upgrading their properties . ,[object Object],[object Object],[object Object],[object Object],Back to Contents Research & Development Unit

Back to Contents Latest IMF Projections ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Research & Development Unit Back to Contents

[object Object],[object Object],[object Object],[object Object],[object Object],NEWS FROM THE GLOBE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],China leads list of biggest U.S. creditors Below are the top 10 holders of U.S. debt as at end October, 2010. Commodity prices and global growth ,[object Object],[object Object],[object Object],[object Object],Back to Contents The Economist Lenders USD Bn China, mainland 906.8 Japan 877.4 United Kingdom 477.6* Oil exporters, which include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria 213.9 Brazil 177.6 Hong Kong 139.2 Caribbean banking centers, which include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama 133.7 Russia 131.6 Taiwan 131.2 Canada 125.2 ,[object Object],[object Object]

< SNIPPTS > > > SNIPPTS > > > SNIPPTS > ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Back to Contents ,[object Object],[object Object],[object Object],Cont… Item 2009 2010 % Change January - October 163,931 284,991 73.8 Busses 567 1,914 237.6 Motor Cars 5,017 13,976 178.6 Three Wheelers 29,167 69,472 138.2 Dual Purpose Vehicles 1,039 1,821 75.3 Motor Cycles 109,738 166,527 51.7 Goods Transport Vehicles 6,090 9,564 57.0 Land Vehicles 12,313 15,072 22.4 Other 0 6,645 100.0 ,[object Object],[object Object],[object Object],[object Object],Project Completion By Power projects Norochcholai Coal Power Plant Phase 1: Completed, Phase 2 : 2013 Upper Kothmale Hydro Power Plant Completion by 2011 Uma Oya Hydro Power Project Completion by 2015 Moragahakanda and Kaluganga Reservoir Project Commenced Road development projects The Southern Highway Project Completion by 2011 The Colombo - Katunayake Expressway Completion by 2012 The Colombo Outer Circular Road Project Completion by 2013 Port development projects The South Colombo Harbour Project Phase 1 Completion by 2012 The Hambantota Port Development Project Phase 1 : Completed The Oluwil Port Development Project Completion by 2011

Keells Super Outlets Athurugiriya Kalapaluwawa L. Plaza Panadura Attidiya Kandana Mahabage Pelawatte Borella Kandy Malabe Peliyagoda Capital Mall Kandy Marine Drive Pepeliyana Crescat Kandy II Moratuwa Piliyandala Ethul Kotte Kiribathgoda Mt. Lavinia St Tilakarathna Galle Kohuwala Narahenpita Super K Gampaha Kotahena Nawala Templers Road Hendala Kotigawatte Negambo Union Place Ja-ela Kottawa Negombo Wattala Kadawatha Kurunegala Nugegoda Wijerama Kaduwala Kzone Moratuwa Nuwereliya

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. Don't worry when you are not recognized, but strive to be worthy of recognition. Abraham Lincoln

Economic Capsule January 2010

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Economic Capsule January 2010