ECONOMYNEXT – Sri Lanka’s shares fell in mid day trade on Tuesday, over the need for further positivity on the International Monetary Fund (IMF) loan being secured, an analyst said. All Share Price Index (ASPI) fell 0.62 percent or 56.39 points to 9,043.75, while the most liquid index S&P SL20 fell 0.41 percent or 11.64 […]
ECONOMYNEXT – Sri Lanka’s private credit was negative for the seventh straight month in December 2022, data showed while interest rates continued to be elevated amid a delay in an International Monetary Fund program and domestic debt re-structuring fears. Credit to private sector has fallen 327 billion rupees to 7,426 billion rupees, helping stem a […]
ECONOMYNEXT – Sri Lanka’s central bank is watching the asset quality of banks which are facing a number of pressures bad loans, changes in interest rates and exchange rate, Governor Nandalal Weerasinghe said. “We are basically looking at each bank one by one potential risks they could face going forward in terms of the rising […]
ECONOMYNEXT – Sri Lanka going though a critical time as the 75th anniversary of independence from British rule is being marked on February 04, President Ranil Wickremesinghe has said. “Our 75th Anniversary of Independence from colonial rule is being observed during an extremely critical and challenging time in the country,” he said in an independence day […]
ECONOMYNEXT – Sri Lanka’s bondholders have written to the International Monetary Fund expressing their willingness to engage in debt re-structuring talks but also raising matters related to the domestic debt re-structuring and economic assumptions and forecasts. Key matters raised are as follows: 1) The central government’s domestic debt – defined as debt governed by local […]
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