Notable
The tax gain in Sri Lanka revenue is mainly backed by vehicle import tax in 2025
To reduce tax irregularities, to simplify taxation and to raise transparency
Japan and Malaysia, saw rates going up to 25 percent from the original 24 percent in April
Current spending start to pick up
Also begun discussions on the $3mn grant for disaster relief
And right now, Staff is looking into options to further support Sri Lanka in the recovery proces
The EPF had come under fire in the past over questionable investments in stocks and also bonds.
Around 700,000 Sri Lankans have left the country for foreign jobs legally in 27 months through March 2024
Confident and optimistic that a second round of talks will commence very soon
A Fiscal Management Responsibility Act, which has been repeatedly breached in the past will be repealed
We are confident that second round of discussions will help us reach a solution
Greater understanding would speed up negotiations
Demographers have warned that outflows from the EPF would exceed inflows as Sri Lanka's population aged
Deficit lower in absolute terms and as a share of GDP
We have now been assured by the Hon Minister of Tourism that the process will be reversed by 1st May
Withholding tax may be lifted on interest below Rs100,000 a month
| 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 | - | - |
Th irrigation and hydropower project was designed and built by Iran's Farab engineering group.
State Minister believes the 2024 revenue target is achievable
Six parties bid for SriLankan stake
The strides made in our economic recovery and financial stability have been acknowledged as significant advancements
So there is an issue of policy mix which we're talking, which we've been engaging the authorities with
I'm hopeful that there will be some conclusions down the road
Bondholders are insisting on a GDP link as they believe IMF GDP growth projections are too narrow
Sri Lanka has been attempting to tap global market for Green Bonds since 2023
Says possible to discuss a detachable value recovery instrument
Bondholders make suggestion for upside and downside bonds based on a baseline scenario
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