Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Sri Lanka Telecom restructuring is underway - Minister

OtherDec 9, 2022
Sri Lanka Telecom restructuring is underway - Minister

Under the State Own Enterprises Restructuring process, work has already started for SLT, which paid LKR 3.3Bn as tax to the government for the first nine months in 2022 and LKR 4.8Bn as dividends to the Government during the last five years. The government’s direct shareholding is 49.5%.

The government believes the company is still in need of improving its efficiency to gain more benefits for the government or to sell down the stake to gain a short-term benefit.

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