Notable
Many low-income countries face a “perfect storm” of worsening external financial conditions, unsustainable debt and ...
We did this quickly and carefully, without harming superannuation funds like the EPF
This could be credit negative for sovereigns with relatively low external buffers, such as Sri Lanka (CCC+)
Payments to transitional category to end in April
Asks people to turn off fridges from 6 pm to 10 pm
Sri Lanka government has decided to divest many state-owned businesses to reduce losses, recover from crisis
Irrespective of the governing party, the country is obligated to service debt
The tax revenue is below the target for this year.
The focus was on the Government's reform programs aimed at moving from crisis to recovery
The new program replaced the politically-motivated Samurdhi scheme
No investor has come forward for Grand Hyatt, a hotel constructed with public money under ex-leader Mahinda Rajapaksa
Sri Lanka's tax revenue has been below the expected level this year
Government officials have said China has not agreed for any haircut on their debts to Sri Lanka
Sri Lanka aims to have $15 billion foreign revenue through ICT in 2030
Sri Lanka must implement IMF recommendations on AML/CFT to escape from 3rd Grey Listing
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 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 | - | - |
Sri Lanka is struggling to boost its tax revenue amid delay in IMF's 2nd tranche of $3 bln loan
Sri Lanka has witnessed over 1,000 doctors and consultants migrating after the unprecedented economic crisis
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
The inaugural meeting for the IMF's first review of the EFF programme took place at the Presidential Secretariat
Weerasinghe was appointed as the CB chief before Sri Lanka declaring bankruptcy
Sri Lanka is in the process of expanding its export market to come out of an unprecedented economic crisis
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