BRS Morning Shout

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BRS MORNING SHOUT

10th June 2016

ECONOMY
Sri Lanka is planning a 1.2 billion

BUSINESS
Sri Lanka will charge capital

INTERNATIONAL
Asian shares pulled back on

sale of Japanese yen denomi-

gains tax, Prime Minister Ranil

Friday as investors sought ref-

nated securities also known as

Wickremesinghe told parlia-

uge in safe-haven assets amid

'Samurai' bonds, Prime Minister

ment, reviving a tax which was

festering concerns over the

Ranil Wickremesinghe told par-

originally expected in 2016 but

June 23 referendum that could

liament.

was abandoned following pro-

see Britain exit the European

tests by influential stock market

Union. www.reuters.com

In its latest Global Economic

investors.
Oil prices were stable in early

Prospects report, the World Bank

predicts Sri Lankas economic

The Sri Lanka Ports Authority has

trading on Friday, supported by

growth will pick up to 5.3% in

invited expressions of interest to

strong demand and global sup-

this year and in both 2017 and

develop the East Container Ter-

ply disruptions, but a stronger

2018 despite monetary and fiscal

minal of the Colombo Port on a

dollar kept crude below the

tightening.

build operate transfer (BOT)

2016 highs reached this week.

basis.

www.reuters.com

The weighted averages at yesterdays Treasury bond auctions

The Asian Development Bank

The dollar clung to modest

decreased considerably as an

(ADB) is to help Sri Lanka set up

gains early on Friday, having

amount of Rs.20.6 billion was

a venture capital fund for small

bounced off one-month lows as

accepted against a total offered

and medium-sized enterprises

the euro took a heavy spill

amount of Rs.18 billion.

(SMEs) who face difficulties in

while sterling stayed under a

getting access to finance.

cloud on jitters over the upcoming Brexit vote.

www.reuters.com

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POLITICAL UPDATE
Finance Minister Ravi Karunanayake yesterday successfully dodged a second attempt to oust him from office
when the Government defeated a motion of No Confidence moved by the pro-Rajapaksa Joint Opposition, by a
whopping 94 member majority in a vote that ultimately served as a show of strength for the 10-month old UNF
administration. www.ft.lk
Prime Minister Ranil Wickremesinghe gave instructions to the treasury yesterday not to grant even a cent for the
importation of vehicles for ministers and MPs until funds were allocated to build houses to replace those destroyed by the floods and the blast at Kosgama, and to renovate the partly destroyed houses. www.ft.lk

FOREX MARKET (as at 09.06.2016)

Buying
(Rs)

Selling
(Rs)

Source: www.cbsl.gov.lk

COMMODITY MARKET (as at 09.06.2016)

Source: http://www.nasdaq.com/markets/commodities

www.bartleetreligare.com

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