Notable
Qatar and Dubai protected their money from macro-economists in 1966
The current account surplus allowed a part of the capex to be financed with taxes for the first time since 1987
The high nominal interest rate which is a function of monetary instability and destruction of domestic capital
An Institute of Policy Studies blog analyses challenges and possibilities for Sri Lanka to reap demographic dividends
Sri Lanka doesn't need another craft revival. It needs a creative economy.
The world is now reevaluating the role of economic interconnectedness in global affairs, according to this IMF article
Attorney general directed to make a legal advisory
Radian ASAP machines can quickly identify drugs
To prevent msi-use and suppressing criticism over-broad definitions must be avoided
The buffer is not foreign reserves as the IMF and macroeconomists imagine, it is the interest rate
Sri Lanka has to de-risk the economy from inflationism to maintain stability
Sri Lanka flexible exchange rate gives profits to banks, losses to a nation
On April 2nd, the US announced a 44% reciprocal tariff on Sri Lankan exports, based on scale of bilateral trade
Vietnam is also shrinking state workers by 20-pct to reduce the burden on the people
True undated securities may be too ambitions but a start could be made with 5 to 10 year securities
Import tariffs also helped direct anger of the local population against foreigners
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 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 | - | - |
Sri Lanka does not actually have a single policy rate like the Bank of England now
By the 1950s academics in US and UK had rejected economics of Hume, Ricardo and Smith, becoming branches without a tree
Sri Lanka yet to reveal the mystery behind the carnage that mostly killed Christians
These challenges necessitate a reassessment of the relative roles of monetary and fiscal policy
There are several red flags and one green one
At this treacherous hour, three years ago to this very day, two sons of Lanka answered her call
There are quick fixes and numerous longer term reforms that can fundamentally change the country
The 4Q events were a dress rehearsal of what would happen later when private credit picks up
Abolition was a central plank of the platform of the National People’s Power (NPP) at the 2024 presidential elections ...
There no political policy rate, single or otherwise during periods of stability and growth when good money was provided
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