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Sunday January 29th, 2023
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With the rupee continuing to devalue in other 5 years 40 rupees will look like 20 rupees
Expects GDP change to be between 0 to 2 percent
Acuity has a 500 person operation in Sri Lanka
"This is sometimes over-emphasized… but this ratio at 120 is a lot."
“This is true for most public servants, and we cannot bear this burden,” said one worker.
Sri Lanka is cautiously optimistic that the IMF bailout package will come through in the first quarter.
Exporter advance payments have converted before shipment by interpreting a rule
IHP’s Index of Consumer Sentiment (ICS) decreased 4 points to 16 points in December.
The central bank bought 103 million dollars in December than it sold back
India committed around US$3.9bn to Sri Lanka in 2022
Economy to contracted 7.1 pct up to 3Q 2022
Inflation to trend down steeply
Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa
Finance Ministry will be told to compile reports on how the public tax money was spent
Finance Ministry is struggling to pay whopping state sector salary bills for January
Hopes to conclude talks in about six months
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7127 | 371.6601 |
| UK Pound | 453.5962 | 453.9794 |
| Euro | 396.3156 | 396.4763 |
| Aus Dollar | 250.1862 | 251.1981 |
| Yen | 2.8251 | 2.7549 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.3961 | 4.3963 |
| Korea Won | 0.2820 | 0.2791 |
| Oman Rial | 943.2237 | 943.2268 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.8729 | 98.8786 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,653.84 | -1.51% |
| CSE All Share | 8,420.26 | -1.04% |
| Turnover Rs million | 4,621,153,484 | 2,824,714,520 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 31.03 | 31.03 |
| 6-m bill | 29.57 | 29.60 |
| 12-m bill | 28.41 | 28.41 |
| 5-yr bond | 27.49 | 27.57 |
| 8-yr bond | 27.44 | 27.23 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
All efforts on speeding up IMF program
Broiler meat prices collapse as price signals allowed to work without state interference
Sri Lanka is engaged with other official bilateral creditors to obtain similar assurances
Food prices down for the third month
Salaries will be paid on January 25
Advance payments are converted before goods are shipped at least by two banks
The monetary authority operates a peg at 360 to the US dollar through a surrender rule
Pakistan has seen its reserve fall from 17 to 4 billion US dollars over 12 months
China Exim Bank responds to Sri Lanka
Sri Lanka trade unions have started to protest against tax hikes; protesters warn of more agitation
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