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Tuesday September 26th, 2023
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Sri Lanka is struggling to raise its tax revenue amid money laundering activities
Rupee fall changes outstanding debt value
The loan will have to be repaid in 180 days.
In the first set of controls, ceilings would be imposed on selected credit products
Bangladesh expects the next installment within two weeks, the newspaper said.
Rupee asset values down amid currency gain
Sri Lanka to face an evaluation by the Asia Pacific Regional Group on Money Laundering from March 2025
Private credit positive for the first time since May 2023
Risks to Sri Lankan banks' operating environment (OE) remains high
Insurers are already under rating watch
Credit contraction partly helped by rupee gain
Rating watch negative still remains
They had already provided up to 35 percent
Sri Lanka should increase tax files from 300,000 to a million, Minister Siyambalapitiya said.
| 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 | - | - |
On Friday 30 we will meet again together to resolve outstanding issues
Deposits not harmed
Complacency that capital and liquidity measures currently exceed regulatory minimum criteria is a false comfort
Sri Lanka Chambers of Commerce has suggested alternative finance options for the island nation
The event is held in line with its 10th annual CFA Capital Market Awards
“If citizens at the age of 18 years can vote for the President, choose how a country is led, then they should pay tax....
Enables mobile QR based payments in Sri Lanka and Nepal
Fitch Ratings has maintained the Rating Watch Negative (RWN) on the 'A(lka)' National Long-Term Rating of People's Bank
Fitch has also maintained HNB's senior and subordinated debt ratings of 'A(lka)' and 'BBB+(lka)', respectively, on RWN.
Fitch Maintains Commercial Bank of Ceylon's 'A(lka)' National Rating on Watch Negative
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