Notable
Defaulted securities are trading above par
So this is a very active discussion at the moment on the future of our activity in the country
Levy to be raised by 3%, entry fee for locals to be doubled
A VAT reduction as well as rate cuts led to the currency and higher poverty in Sri Lanka
Customs revenues may exceed target by Rs350bn
Tax of Rs50 per litre imposed to recover money
External resource gap of US$5,018mn
The money will be credited directly to bank accounts of farmers
Sri Lanka is still recovering from an unprecedented economic crisis
The loan is linked to reforms under an International Monetary Fund program
This will likely exclude many people from the tax base, however.
Excise Department is given 232 billion rupee target for this year
"Re-evaulate revenue-based fiscal consolidation proposals made by the IMF"
Government has set ambitious income tax target of 2,024 bn rupees
Good are usually released to private importers after cash payment of taxes
| 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 | - | - |
Interest bill start to come down with greater monetary stability
W M Mendis and Company, Wayamba Distilleries, Wayamba Spirits, Globe Blenders, McCallum Brewery, and Kalutara Cooperativ
A bizarre incentive given for SDB Projects is to make salaries of top executives completely free of tax
"State-owned enterprises are a major source of corruption vulnerabilities in Sri Lanka,"
Compensating measures discussed
"If it is reversed it would have damaged the investment environment in the country,"
President Wickremesinhe was unpopulour for his tax reforms
Browns Investments
Pensioners to get half the cost of living allowance
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