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Tuesday January 31st, 2023
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Advance payments are converted before goods are shipped at least by two banks
In November exports fell 17.9 percent to 994 million Us dollars
Expects to have the deal in operation from 1Q 2024
"A DDR that wipes out the primary dealers will seriously affect the ability of the government to raise funds"
Brown sugar is banned to give profits to domestic producers
Cash strapped Sri Lanka raised tobacco taxes three times since mid last year
Sri Lanka is in the process to resume FTA talks with China, five years after suspending it
Out of 1645 items which under import bans after 2020 monetary instability, 795 have been removed
Open account imports of fertilizer will be allowed from December 21 to June 2023.
Sri Lanka hopes to re-start trade negotiations with India, China and Thailand from January 2023
India is Sri Lanka's largest trading partner
Rice under import licensing
Investments goods imports plunged 42 percent to 188.2 million US dollars in October as private credit contracted
Sri Lanka has been focusing on boosting exports to come out of economic crisis
We do not have the bandwidth in government to do multiple trade agreements
Promotions planned in 20 countries
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7127 | 371.6601 |
| UK Pound | 453.5962 | 453.9794 |
| Euro | 396.3156 | 396.4763 |
| Aus Dollar | 250.1862 | 251.1981 |
| Yen | 2.8251 | 2.7549 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.3961 | 4.3963 |
| Korea Won | 0.2820 | 0.2791 |
| Oman Rial | 943.2237 | 943.2268 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.8729 | 98.8786 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,653.84 | -1.51% |
| CSE All Share | 8,420.26 | -1.04% |
| Turnover Rs million | 4,621,153,484 | 2,824,714,520 |
| 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 | - | - |
Deo-odorants, anti-perspirants, shampoo, toilet waters and dental floss could be imported
13,000 have gone abroad on visit visas
Indo-Lanka Free Trade deal brings largest export volume
I sincerely wish that both sides could work together and reach an agreement as early as possible
Former president Rajapaksa's government reviewed the FTA after trade union protests
Cinnamon, used in Mexican foods was the top export from Sri Lanka
Inflows government down, but tourism and remittances start to pick up
Hawala/Undiyal transactions amid Sri Lanka's forex shortage forced central bank to ban open accounts
Smaller exporters may find it more difficult to comply with human rights law
Several identified
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