Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

The power generation via Coal toped up to 60% while two shipments of coal stuck at sea

EnergyApr 18, 2022
The power generation via Coal toped up to 60% while two shipments of coal stuck at sea
The use of coal has increased from the usual average of 35% to 60% in recent weeks. That hits the depletion of the available stock of coal. Media reports two shipments of coal are currently facing difficulties in unloading due to a lack of funds (USD 34 Mn). Ceylon Electricity Board Engineers Union says two shipments are anchored off the coast of Norochcholai since April 12. On the other hand, all unloading operations of the Lakvijaya Power Plant need to be completed by the fourth week of April due to the onset of the monsoon winds.

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.

Copyright © 2023 Charts.lk. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy.