A debt moratorium for Sri Lanka's small and medium enterprises is credit negative for banks and the sovereign, and may not boost economic growth, Moody's a rating agency has warned.
Sri Lanka raw coconut prices grew 4.52 percent to 45,265 rupees for 1000 nuts at an auction in Colombo on January 16, 2020, up from 43,305, on January 16, extending gains made over several weeks, official data showed.
Sri Lanka’s rupee was quoted marginally weaker at 181.30/40 to the US dollar in the spot market on Monday, while bond yields opened flat and stocks gained 0.08 percent.
Sri Lanka’s manufacturing sector growth slowed in December from a month earlier, while services accelerated to a 24-month high, the central bank said.
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