Economic

CBSL ups interest rate on foreign currency deposits to lure more inflows
Banking analysts say maximum rate could be as high as 6.5% for normal FCY deposits and 8.5% for Special Deposit Accounts
Imposes cap on maximum USD interest rate of 10% on USD-LKR swap transactions arresting unfavourable development of high 40%-50% rate hitherto
Akin to a New Year bonanza, the Central Bank yesterday announced a higher interest rate for foreign currency (FCY) deposits whilst separately capping maximum rates on USD-LKR swaps.

The nine main unions representing the employees of the national carrier, SriLankan Airlines, have linked arms once again towards ensuring the survival of the airline and her staff.

The ongoing forex crisis has impacted the shipping trade as well with giant Maersk urging customers to pay in dollars.

Expresses confidence reserve position will remain at comfortable levels throughout 2022
Blames hasty and inexplicable decisions of certain rating agencies to downgrade the Sovereign for undue delays in certain expected foreign currency inflows

Condominium sales transactions during Q3 2021 have increased compared to a year ago as well as the previous quarter, as per the industry index compiled by the Central Bank.

මහ බැංකුවෙන් මුදල් අමාත්‍යාංශයට දැනුම් දීමක්

The Colombo stock market yesterday had to struggle to close its benchmark index marginally up despite satisfactory turnover.

The Civil Aviation Authority (CAA) yesterday said the issue pertaining to the foreign currency remittances to airline principals abroad had been taken up by the Finance Ministry.

මහ බැංකුවේ හිටපු නියෝජ්‍ය අධිපතිවරයෙකුගෙන් අනතුරු ඇඟවීමක්

Minister Prasanna Ranatunga says move will further boost national carrier’s resilience in cargo operations
UL accounts for 25% of country’s total exports via air freight, 27% of total imports
Though passenger revenue is up, airline has not reached pre-COVID levels yet

The Central Bank has with immediate effect increased the mandatory sale of foreign exchange by banks to 25% from 10%.

ලොවම පිළිගත් ජාත්‍යන්තර ශ්‍රේණිගත කිරීම් ආයතනයක් වන Fictch Rating ආයතනය, මෙරට ප්‍රමුඛතම රාජ්‍ය බැංකුවක් වන ලංකා බැංකුවේ ශ්‍රේණිගත කිරීම් පහත දමා තිබෙනවා. මෙතෙක් ලංකා බැංකුව CCC කාණ්ඩයට ශ්‍රේණිගත කර තිබූ අතර නවතම වාර්තාවට අනුව එම ශ්‍රේණිගත කිරීම CC කාණ්ඩය දක්වා පහත දමා තිබේ.

මහ බැංකුවේ මුදල් මණ්ඩලය අලුතෙන් ගත් තීරණය

President Gotabaya Rajapaksa yesterday was optimistic that the ongoing foreign exchange and reserves crisis will ease with the earmarked inflows materialising shortly.

ඩොලර් නිකුත් නොකිරීම හේතුවෙන් ශ්‍රී ලංකාවට ආනයනය කළ අත්‍යවශ්‍ය ආහාර ද්‍රව්‍ය ඇතුළත් කන්ටේනර් 1500 කට වැඩි ප්‍රමාණයක් වරායේ සිරවී ඇති බව වාර්තා වේ.

The Securities and Exchange Commission of Sri Lanka is setting up a Central Counterparty mechanism to bolster the capital markets.

Tenor ranges from 3 months to 5 years with fixed rate of interest payable semi-annually
Minimum investment is $ 1,000
$ 1 b in SLDBs maturing by March 2022 and $ 400 m more thereafter; 88.9% being held by domestic banks
$ 607 worth SLDBs maturing in 2023 and a further $ 206 m in 2024
Total SLDBs stock as at end November at $ 2.3 b

ආහාර අර්බුදයක් මෙන්ම ඉදිරියේදී භාණ්ඩ හා සේවාවල හිගයක් ද මෙරට තුළ ඉදිරියේදී ඇතිවන බව ආර්ථික විශ්ලේෂකයින් පවසනවා.