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Sunday December 3rd, 2023
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Sri Lanka's economy estimated to be contracted 8 pct in 2022, the worst since country's independence
Sri Lanka is struggling to avoid an extended power cut, reduce energy prices
Cash strapped Sri Lanka raised tobacco taxes three times since mid last year
Sri Lanka has decided to allow tourist visiting national parks to pay in dollars.
Sri Lanka’s poor has surged by 4 million to 7 million since 2019 to 31 percent of the population in 2023.
His career spanned over 70-years
Statists and Keynesians generally label such moves as 'austerity'.
A US$400mn swap from Reserve Bank of India and IMF SDR allocation expected in August
CPC owes banks Rs652bn, CEB Rs85bn
"In the face of the danger that has arisen, the GSP+ must not be politicised."
It is a difficult question to justify
Sri Lanka's forex reserves have been on a steady downward path from around August 2019
CB is also working on measures
Inflation to be with target
Bangladesh swap proceeding rapidly
| 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 | - | - |
There are goods that can be made in the country that is better than the foreign ones
The slide had been relentless since September 2014
Consumer Inflation hits highest level since 2008
As soon as private sector activities were curtailed, economies collapsed around the world
By end 2020, Treasury guarantees already issued totalled Rs1.34 trillion
“The resilience in a pandemic is essentially the resilience in the economy too."
Companies could also pledge assets to non-residents and issue corporate guarantees
Foreign debt including private loans had fallen to US$54.8bn from US$49.2bn
Invites investment to Colombo Port City, energy, information technology, agriculture
A Coronavirus third wave is further slowing the economy
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