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Monday December 5th, 2022
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"They have forced investments down this country thanks to the Rajapaksa family."
The downgrade of the Long-Term Local-Currency IDR reflects our view that a local-currency debt default is probable
"First we'll have to determine who's qualified."
"This is not an act of sabotage."
Sri Lanka can be a regional hub for education, let us make up our mind, President says.
The law will also make macro-prudential surveillance formally under the bank.
The central bank has started to bring inflation under control
We will be gradually relaxing the band, once we start getting inflows
The number of malnourished children is on the rise due to Sri Lanka's economic crisis.
We have a better understanding how we can treat domestic debt, what are the classes of debt
November CCPI expected to show same trend
We will allow markets to respond first
CT CLSA Securities of Sri Lanka and Alfalah CLSA Pakistan are partnering to host the forum
Sri Lanka is desperately waiting for IMF board approval for $2.9 bln loan
New tax hikes will be effective from December 1
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7757 | 371.7599 |
| UK Pound | 442.7119 | 438.8584 |
| Euro | 387.1945 | 385.3880 |
| Aus Dollar | 253.0234 | 251.0798 |
| Yen | 2.6686 | 2.6603 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.4818 | 4.4863 |
| Korea Won | 0.2748 | 0.2747 |
| Oman Rial | 944.1068 | 944.1068 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.9627 | 98.9627 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,464.20 | -3.19% |
| CSE All Share | 8,087.04 | -2.47% |
| Turnover Rs million | 1,626,658,918 | 1,576,314,848 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 31.03 | 31.03 |
| 6-m bill | 29.57 | 29.60 |
| 12-m bill | 28.41 | 28.41 |
| 5-yr bond | 27.49 | 27.57 |
| 8-yr bond | 27.44 | 27.23 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
The EDB has estimated services exports at 1,456 million dollars in the first nine months of this year,
The shares closed 22.75 rupees up at 163.25 rupees a share on Friday.
Sri Lanka's increased tax rates will be effective from December 1
Some members prefer that there is no accumulation
The first action was to tighten monetary policy and reduce the demand for imports
Deo-odorants, anti-perspirants, shampoo, toilet waters and dental floss could be imported
Conversions are around 23-pct
Admin controls if rates do not come down
Confident of getting assurance from bilateral creditors in the coming weeks
Inflation is falling, liquidity in the dollar market is improving, inter-bank liquidity shortage has also reduced
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