Notable
Thanks to this agreement, 99 percent of our external debt will now be settled
Cash of $60mn and amortizing bonds
Operating expenses had grown only 3 percent, with fuel prices also declining
Treasury gives 23.5 billion rupees in equity to NSWDB
The assistance will be multi-pronged, assisting Sri Lanka in sectors that are the worst hit
We have introduced criteria based on investment volume and the number of jobs created
The report did not give the reason for the steep rise in costs
Net borrowings were 1,818 billion rupees
Once it is finalized we expect the rating assigned to Sri Lanka will be further improved
There are already 100,000 'development officers'
Aiming for tax revenue of 13.9-pt of GDP in 2024, up from 12.3-pct in 2024
Last government agreed with IMF to introduce property tax from 2025
A digital services tax will be legislated
Changes under Tax Appeals Commission Act, No.23
The breakwater expansion study has already begun
| 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 | - | - |
Vehicle imports were to lift the tax to GDP ratio in 2025
The Asian Development Bank was stepping into support Sri Lanka in priority sectors
Sudden import restrictions and abrupt changes in tax rates, cited
Vehicles with cabs exempted from luxury tax
All SOEs will be reformed to improve governance and they will not be vehicles for corruption
Instead of looking at it in the old angle, we are ready for a structural change of these institutions
Kadawatha to Meerigama section of the Central Expressway was halted after the external default
Foreign commercial debt was only two bonds, but yields were around 22-pct indicating a loss of market access
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