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Friday December 8th, 2023
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The BOP surplus since September is US$147mn
Businesses in Sri Lanka are preparing for a tax shock from this month
Australia the top destination
Current member balances would be unaffected by the restructure
MIGA, IFC support in a new country support package
Suggests series of reforms
Some 30 billion rupees spent has been spent to pay a 5,000-rupee allowance to daily wage earners
The Colombo Port City multiple currency dollarised area will also use designated currency
One year swap at 1800. Who will believe that the rupee will strengthen to 182 in the next 12 months?
"If you are not agreeable, tell us what the alternative is"
Before the supplementary estimate the deficit was projected at 9.5-pct of GDP
In the past policy corrections tended to be made much earlier.
Government to support losses
Money printing has pushed dollar yields above rupee rates
Rice price spike not due to fertilizer ban
| 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 | - | - |
A 13 inch coconut was controlled at 80 rupees under earlier order
The EU as a region bought 210 million US dollars of goods, just behind the US.
In the first six months of 2021 the central bank's Treasury bill stock went up Rs171bn
Money printing has resumed in June
Bank loans and suppliers credits were a total of 3,355 million US dollars or 635 billion rupees
Japanese businesses have also donated to Vietnam's vaccine fund
Sri Lanka is in an unofficial COVID-19 lockdown since May 21 with curfew-like movement restrictions imposed island wide.
When the LRT deal was scrapped, consultancy contract was already awarded
Economic activity slows in April after surge in March
“Instead of lying (un-der-ner-war) to the people I like to tell them the truth.”
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