“Sri Lanka Socio-Economic Data – 2023”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The current data folder is the 46th volume of the series.
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Release of “Sri Lanka Socio-Economic Data – 2023” Publication
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Sri Lanka Purchasing Managers’ Index (Construction) - August 2023
The construction industry continued to perform at a subdued level in August 2023, yet reaching towards the neutral threshold, recording a Total Activity Index value of 47.0. As per the respondents, firms tend to undercut prices to secure the limited available projects in a highly competitive tender bidding process.
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Conversion of Outstanding Credits of the Central Bank of Sri Lanka to the Government into Negotiable Debt Instruments with Specified Maturities under the Domestic Debt Optimisation Programme (DDO)
In accordance with Section 129(2) of the Central Bank of Sri Lanka Act, No. 16 of 2023, outstanding Provisional Advances from the Central Bank of Sri Lanka (CBSL) to the Government and outstanding Treasury bills purchased by the CBSL in the primary market were converted into ten (10) step-down fixed coupon* new Treasury bonds and to twelve (12) existing Treasury bills on 21 September 2023 as follows:
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Governing Board of the Central Bank of Sri Lanka
The newly established Governing Board of the Central Bank of Sri Lanka, constituted under the provisions of the recently promulgated Central Bank Act No. 16 of 2023, was held today, the 21st of September 2023, at the Board Room of the Central Bank of Sri Lanka.
The Newly established Governing Board, succeeds the Monetary Board that functioned previously, under the provisions of the Monetary Law Act (MLA).
Today’s meeting of the new Governing Board of the Central Bank, was held, with the participation of the following members :-
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Publication of Financial Soundness Indicators – Banks and Licensed Finance Companies
The Central Bank has released ‘Financial Soundness Indicators’ as a key tool for communicating the performance of banks and finance companies supervised by the Central Bank. The publication includes key ratios and financials used in policy analyses for identifying strengths and vulnerabilities in the financial system.
The publication presents sectoral financial information such as assets, liabilities, earnings, profits and capital whilst providing key ratios associated with each category. This publication will be a useful and reliable source of reference for those who are interested in the performance of major financial institutions in Sri Lanka.
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Sri Lanka Purchasing Managers’ Index (Manufacturing and Services) - August 2023
Purchasing Managers Indices in August 2023 indicated an expansion in Services activities and a softening of the contraction in Manufacturing activities.
Manufacturing PMI recorded an index value of 49.3 in August 2023, reaching closer to the neutral threshold, indicating signs of a recovery in manufacturing activities compared to previous months. Considering the sub-indices, New Orders and Suppliers' Delivery Time increased during the month, while Production and Employment remained contracted.
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Asia Pacific Group on Money Laundering Visit to Sri Lanka – Mutual Evaluation Preparation Briefing and Workshop (6th to 8th September 2023)
In response to an invitation from the Financial Intelligence Unit of Sri Lanka, a high-level delegation from the Asia Pacific Group on Money Laundering (APG) visited Sri Lanka to engage with local authorities and provide them with crucial insights regarding the upcoming mutual evaluation of Sri Lanka’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Framework. The international delegation included:
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Settlement of Exchange of Accepted Eligible Treasury Bonds for Twelve (12) New Step-Down Fixed Coupon Treasury Bonds pursuant to the Domestic Debt Optimisation Programme (DDO)
The Treasury bond Exchange Memorandum dated 04 July 2023 (the "Exchange Memorandum") was published by the Ministry of Finance, Economic Stabilization and National Policies with subsequent announcement of the results of the Invitation to Exchange Treasury bonds on 12 September 2023 (terms used herein but otherwise not defined have the meanings given to such terms in the Exchange Memorandum).
Accordingly, outstanding Eligible Bonds for which valid Offers were accepted by the Republic were converted by reference to the Exchange Consideration Ratio into twelve (12) new step-down fixed coupon* Treasury bonds and settled on 14 September 2023 as follows:
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Participation of the Employees’ Provident Fund in the Domestic Debt Optimisation Programme
The Employees’ Provident Fund (EPF/the Fund) wishes to inform its members that as an eligible participant and with the approval of the Monetary Board of the Central Bank of Sri Lanka, it has submitted an offer to exchange the portfolio of Treasury Bonds of the EPF under the Domestic Debt Optimization (DDO) programme in terms of the invitation made by the Ministry of Finance, Economic Stabilisation and National Policies (MOF) following a Resolution adopted by Parliament.
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The Financial Intelligence Unit of Sri Lanka Releases the Sanitized Report of the Second National Risk Assessment on Money Laundering and Terrorism Financing
The Financial Intelligence Unit of Sri Lanka (FIU) published the sanitized report of the 2021/22 National Risk Assessment (NRA) on Money Laundering and Terrorist Financing (ML/TF), which was developed based on the assessment conducted by the FIU of the Central Bank of Sri Lanka (CBSL) together with public and private sector stakeholders. This assessment was aimed at identifying the ML/TF risks in the country. The assessment highlights the most significant ML/TF threats, vulnerabilities, and risks faced by Sri Lanka.