Notable
Denmark restructured $39mn in bilateral debt
An investment component of 30 million would require spending
Revenue from vehicle imports estimated to fall by around 70% in 2026 compared to last year
The rupee has since depreciated to 310 to the US dollar
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
| 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 | - | - |
Unlike in past years the import tax was not reduced this year
MP allowed to take vehicle home after paying depreciated value
Current spending contained with interest rates also falling
Excise tax increase itself is moderate
Taxes on plastics also hiked
Taxing legal alcohol has been controversial, after steep hikes reportedly expanded the illegal manufacture
New concerns over a slowing economy – which can reduce tax revenues and boost borrowings are among drivers
The presentation of the Appropriation bill is considered the first reading of the budget
Income tax thresholds will also be raised from next year
Betting and Gaming Levy was 14,923 million in 2024 up from 7,422 million rupees, which is double
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