Notable
Sri Lanka has committed to SOE restructuring in return for IMF loan after debt default
Sri Lanka's bilateral debt restructuring deal will gradually help people, not immediately
Sri Lanka reached US$10 bn bilateral debt restructuring deal last week
Debt restructuring debate likely after July 9
Implementation letters with the Agence Francaise de Developpement (AFD), Bpifrance Assurance Export and the Banque de Fr
The deals were signed on March 25 and April 3 this year.
The government hopes to increase the number of contributors to the funds.
Sri Lanka is unable to seek commercial loans without agreeing on foreign debt restructuring
Weerasinghe was appointed as the CB chief before Sri Lanka declaring bankruptcy
Sinopec Energy Lanka (Pvt) Ltd has started selling diesel and petrol 3.00 rupees below price set by CPC.
Sri Lanka's economic crisis has shut down the doors for commercial fundings
China will not get anything better than the others, assures Sri Lanka's foreign minister
Sri Lanka will announce its DDR this week amid market speculations over instability in financial and banking sectors.
Most Sri Lankan banks, stock market are nervous about possible DDR
It is up to the government to clear the uncertainty - Central bank governor
The agreement is extended for the remaining $423.25 million - State FinMin
| 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 | - | - |
Gotabaya Rajapaksa unilaterally cancelled Japanese financed $1.5 billion LRT, Japan, India involved ECT
Japan, India and France launched the debt restructuring negotiation process on April 13
"We are always "providing free charcoal in the snow" instead of "collecting rented-umbrellas in the rain", - CMG chief
An IMF program typically has prior actions before it is approved which has to be met.
The IMF approved a four-year, $3 billion loan to Sri Lanka last month with an ambitious reform package
Three creditors are closely working on towards a coordinated debt restructuring for Sri Lanka
Opposition backed state sector trade unions led protest against tax hike
Sri Lanka declared sovereign debt default in April last year
Sri Lanka's economic crisis turned into a political crisis last year and ousted its leader and government.
Sri Lanka govt is desperate for foreign inflows
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
2 min read