Notable
New govt has already drafted State Commercial Enterprises Management Draft Bill
Sri Lanka has finalized bilateral debt restructuring, but has to conclude with signing the deals
Despite efforts by last government, no SOE has been restructured so far.
Tibet has been under the control of China since 1951, with a government in exile
Sri Lanka has already inked debt restructuring deals with China, India, France, and Japan
Germany has agreed to extend a debt relief measure by rescheduling the outstanding debts.
Foreign investors can now invest in Sri Lankan projects without doubt and fear: President
Sri Lanka's funding by multilateral funding agencies are now based on achieving target committed to IMF
We anticipate the disbursement of the second instalment from the IMF by December
CoPA has approved extra spending of 231.5 billion rupees to cut state enterprise debt and repay Indian credit line
The focus was on the Government's reform programs aimed at moving from crisis to recovery
Government officials have said China has not agreed for any haircut on their debts to Sri Lanka
President Xi assured China would provide friendly, practical, timely support for Sri Lanka's debt optimization program
Sri Lankas has already completed DDO in SLDB borrowing
Wickremesinghe highlighted the public's endurance limit amid IMF intervention
Sri Lanka's largest bilateral lenders are outside of the Paris Club.
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Government revenue was increased by 50 percent this year from last year. But this is not enough to achieve targets
Sri Lanka was expecting the second tranche approval at the IMF's Executive Board meeting next month
Sri Lanka's lower government revenue has been a concern for IMF
Sri Lanka, in an unprecedented way, defaulted on its sovereign debts in April last year
New CB Act came into effect from Sept 15.
Despite higher taxes, Sri Lanka faces revenue shortfall
A central bank analysis shows EPF return could fall further if DDO is not chosen
Most road projects are suspended due to lack of funding after Sri Lanka declared bankruptcy
EPF is Sri Lanka's largest pension fund and the govt's largest domestic lender
If EPF does not chose DDO, return could fall to as low as 6.79 percent - central bank
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