Silk Road Research provides relevant and current information to our clients. Every month we publish the Financial and Economic Analysis of the Sri Lankan Economy. If you want to know about key events and trends in Sri Lanka, our dedicated team provides the answers. Further, Silk Road Research publishes a series of authoritative Sector Reports on the key areas of the local economy. These reports provide an in-depth resource for any potential investor.
MACRO-ECONOMIC: An improvement was observed in Sri Lanka’s economic landscape in the month of August due to the establishment of the National fuel pass system. Assuming that the unhindered fuel supply continues, we expect this momentum to accelerate in September. The interim budget, introduced on the 3rd of August 2022, focused on supporting lower-income households that were affected by the economic crisis. In addition to an increase of VAT to 15%, various other adjustments were made to the national tax code Click the button below to read more!
View ReportECONOMIC FRONT: There was hardly any change in Sri Lanka’s economic fortunes during the month of July, due to ongoing fuel shortages and uncertainty in the country’s leadership. Productive activity was negligible. However, the recent introduction of a nationwide ration/pass system for fuel distribution was a positive step towards more predictable access to petrol and diesel. This system should help matters somewhat, as, without access to fuel, there cannot be any improvement in the Sri Lankan economy. Click the button below to read more!
View ReportINTEREST RATES: Month on month, the Average Weighted Prime Lending Rate (AWPLR) increased by 150 bps to 22.62% in June. With the overall trend pointing towards higher rates, the market expects a 60% likelihood of further rate increases of between 100bp-300bps). The GoSL will need to factor in a higher interest for its domestic borrowings in its eventual budget. Click the button below to read more!
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