Notable
Greater understanding would speed up negotiations
Demographers have warned that outflows from the EPF would exceed inflows as Sri Lanka's population aged
Deficit lower in absolute terms and as a share of GDP
We have now been assured by the Hon Minister of Tourism that the process will be reversed by 1st May
Around 700,000 Sri Lankans have left the country for foreign jobs legally in 27 months through March 2024
Confident and optimistic that a second round of talks will commence very soon
The new beneficiaries were added taking into consideration appeal
Usually the monthly salaries are paid starting from the 16 and 17. But for April money is paid before the New Year.
Reforms identified by a committee made up of IMF, World Bank and Central Bank officials
The electricity reform bill is linked to a $100mn budget support loan from the Asian Development bank
Multilateral lender debt is serviced after a default
Domestic debt re-structuring related to SOE debt also expected to be done soon
A budget for 2024 set aside 1.5-pct of GDP in allocations for possible bank recapitalization
Sri Lanka is negotiating a series of free trade agreements
Irrigation, education and health likely areas for project financing in the near term
Sri Lanka is starting discussions with bondholders this week to restructure bonds
| Latest | Last | |
|---|---|---|
| US Dollar | 305.1018 | 305.3339 |
| UK Pound | 386.9523 | 387.2371 |
| Euro | 330.8712 | 332.1141 |
| Aus Dollar | 201.0018 | 201.4980 |
| Yen | 2.0266 | 2.0278 |
| 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 | - | - |
Sri Lanka had an Rs80 per kilo protectionist tax on large onions
SCL is imposed overnight as people are sleeping, without any discussion in parliament
Sri Lanka trying to reach deal on China Development Bank debt
RDA expressways, land and related local debt to go the SOE
Publicly guaranteed debt went up with a new Treasury guarantee for central bank borrowings from India
Some reforms are still ongoing
Many Sri Lankan political parties want to renegotiate the IMF deal amid public grumbling over higher taxes
I expect to complete all these matters by June-July
The committee should come up with a transparent system for deciding salaries in the future
Good stuck at port due to delayed clearing will be processed from early morning.
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