Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Cellular Mobile phone Penetration & Internet Penetration in Sri Lanka have started falling since 4Q 2019

SocialAug 10, 2020
Cellular Mobile phone Penetration & Internet Penetration in Sri Lanka have started falling since 4Q 2019
Telephone density of Fixed lines (Telephones per 100 persons) has been falling continuously as most public prefer to move to mobile phones. But overall Telephone density which including Cellular (Telephones per 100 persons) also seems to be struggling to grown since 1Q 2019. The number of Internet connections end of 2019 has been estimated as 13,408,403 which has fallen to 13,078,980 by end of 1Q 2020. But the Subcategory of telecommunication recorded the highest growth of 6.3% during last four quarters in the service sector.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.