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Tuesday September 26th, 2023
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Notable
Milk powder back under PAL tax
Sri Lanka saw protests against ETCA when it was scheduled to be signed
The Board of Investment has to provide quick service to foreign investors and look after them
Objectives include boosting female workforce participation, attracting FDI, and robust social security.
Potential to increase economic cooperation and enhance people to people contact through education opportunities
Business meeting in New York saw participation from 40 US businesses keen on exploring investment and trade in SL
Officials from both countries met for the 14th Trade and Investment Framework Agreement (TIFA) council meeting
Sri Lanka's President discussed the importance of finalizing a trade agreement between Sri Lanka and South Korea
The memorandum of understanding will be signed on the sidelines of the UN General Assembly Sessions held in New York.
Cabinet agreed to postpone repeal of the simplified value added tax (SVAT) to April 1, 2025.
Sri Lanka Customs confiscates arecanut valued at 27,484,868 rupees.
Sri Lanka is scrapping SVAT as part of streamlining the VAT system under an International Monetary Fund backed program.
Sri Lanka has relaxed import controls step by step over the past few months
The statement quoted Lanka Mineral Sands Chairman saying that two ships will arrive in Sri Lanka to carry the mineral.
The central bank has operated broadly deflationary open market operations
Passport issues continue apace
| 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 | - | - |
Wheat flour also has other taxes
Apparel exports were down 22-pct in July
In the future we expect to widen the permits to bring the required volume of wheat. Or we can revise the import tax
“The Central Bank confirms a remarkable 34 percent growth in export revenue for the Gems and Jewellery Authority."
Vehicle importers complain that import LCs are not recognized internationally
"There cannot be another economic crisis from removing restrictions. A country cannot go on with import controls.”
Middle Eastern states with currency board like arrangements and liberal work visas were top sources of remittances
Tax loss of about 2 billion rupees a month by the import of grain
Special purpose trucks also allowed
BOP surpluses are possible only in pegged exchange rate central banks
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