Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

China's property crash continue ... recalling Lehman scenario

InternationalNov 6, 2021
China's property crash continue ... recalling Lehman scenario
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China Evergrande, once the country's second-largest real estate developer failed to make the Debt payment on time but managed to meet them within the 30-day grace period. The new-home sales in china dropped 32% last month opening up issues for heavily debated property companies. Kaisa Group Holdings Ltd and three of its units had their shares suspended from trading on Friday, a day after an affiliate missed a payment to onshore investors.

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