Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

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

InternationalNov 6, 2021
China's property crash continue ... recalling Lehman scenario
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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