Notable
Sri Lanka signed the agreement in February
Investors will also have to renew the cultivation licences every six months
The project expected to bring both clinical and economic benefits to Sri Lanka
Japan is one of the largest Sri Lankan lenders before China stepped in
The project is repositioned in different land plot, not stopped, says CEO
Sri Lanka has been desperate for FDI after 2022 economic crisis
Sri Lanka has been repeatedly asked to repeal PTA, a law governments also used to suppress dissents
Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa
Sri Lanka sees new anti-government protest amid high cost of living, taxes
Trade and Investment Attache of Pakistan was also present in the meeting.
Sri Lanka has seen $713 mln in FDI in the first 9 months of 2022
Foreign investors have kept away from Sri Lanka due to unprecedented economic crisis
Sri Lanka has been in the process of coming out of an unprecedented economic crisis
Sri Lanka's defence budget is almost equal to the total of education, health allocations
Budget has not focused on restructuring key loss making SOEs, govt spending
Wickremesinghe presents his first budget after the country's economic, political crisis
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Wickremesinghe delivers crucial budget amid economic crisis, sovereign default, geopolitical cold war
Moving out of economic crisis will be the focus of budget, but political concerns weigh heavy.
“Certain enterprise laws will be altered for the interest of brining investment to Sri Lanka."
There won't be any overnight benefits to the market from the proposed tax hikes - analysts
Sri Lanka's FDI has been around $550 million per year in both 2020 and 2021.
The new system will minimize inconvenience for foreign investors, their staff.
Sri Lanka has lost many FDIs due to political disagreement at parliament level.
The convertible debentures will accrue interest at a rate of 3% per annum.
Investments into Port City have delayed amid pandemic last year.
Sri Lankan firms can now raise funds in foreign currencies through listing at Colombo Stock Exchange
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