An Echelon Media Company
Tuesday December 5th, 2023
All Sections
Notable
The discussions are becoming successful
Salaries for SOE employees has increased by 633 percent since 2000
Sri Lanka sees new anti-government protest amid high cost of living, taxes
Sri Lanka saw number of boat people increasing over 11 folder last year
Alcohol taxes going from 1,000 rupees a litre upwards, cigarettes from around 2.70 to 12.00 rupees
The chairman himself had refrained from voting, he told EconomyNext Friday June 30 evening.
Ceiling rate set at 5.26-pct
Landmark month
'The national balance sheet is very scary because almost all districts are reporting non-communicable ... diseases'
2022 budget to achieve meaningful fiscal responsibility: Jayasundera
'Reserves to be buttressed with non-debt inflows'
De-link investments from loans
July a stressful month
Out of billion dollar bond US$310 million held by resident investors
Financial outflows by some foreign banks are met at higher rates
Big companies may force earlier monetary tightening
| Latest | Last | |
|---|---|---|
| US Dollar | 330.2942 | 315.1016 |
| UK Pound | 429.0139 | 401.1871 |
| Euro | 372.1704 | 343.1959 |
| Aus Dollar | 227.2526 | 211.5951 |
| Yen | 2.3820 | 2.1908 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.6453 | 3.5932 |
| Korea Won | 0.2342 | 0.2292 |
| Oman Rial | 780.3569 | 769.4973 |
| Saudi Riyal | 80.1114 | 78.9849 |
| UAE Dirham | 81.7952 | 80.6569 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,573.80 | 1.00% |
| CSE All Share | 9,073.41 | 0.65% |
| Turnover Rs million | 1,591,766,524.95 | 1,029,335,694.32 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.72 | 21.79 |
| 6-m bill | 19.55 | 20.31 |
| 12-m bill | 17.72 | 19.28 |
| 5-yr bond | 21.00 | 22.53 |
| 8-yr bond | 19.42 | 20.55 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 13.93 | 14.00 |
| Gilt Repo | 13.50 | 14.00 |
| I-m SLIBOR | - | - |
As yields rose in 2020, domestic banks bought the bonds
Powell bubble is also firing up global commodity prices
Vietnam intervened heavily in forex markets when Yellen tightened policy in 2014/15 and 2018
Governor Thi Hong insists monetary policy of strong Dong is for stability not for Mercantilism
Over the past week 1.4mn doses administered
Import substitution firms to benefit, essential goods may be neutral
Overnight rates highest since July 2020 rate cut but below ceiling rate
Trade gap up to May 2021 soars to 3.6bn, higher than the 3.2bn in 2019 with no import controls
"If we make the country organic we can earn 20 billion US dollars in two years." the minister said
We use cookies to help us improve and customize your experience. Learn more about how we use cookies in our cookie policy.
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
3 min read