@theGayan Gayan Lakmal Alwis, CFA

Gayan Lakmal Alwis, CFA posts on X about sri lanka, debt, inflation, money the most. They currently have [-----] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

Engagements: [-----] #

[--] Week [-----] -69%
[--] Month [-----] +182%
[--] Months [------] +73%
[--] Year [------] -74%

Mentions: [--] #

[--] Week [--] +50%
[--] Month [--] -24%
[--] Months [--] +97%
[--] Year [--] -46%

Followers: [-----] #

[--] Week [-----] +0.11%
[--] Month [-----] +0.44%
[--] Months [-----] +3.70%
[--] Year [-----] +8.50%

CreatorRank: [---------] #

Social Influence

Social category influence finance 61% currencies 26% countries 17% social networks 2% technology brands 2% celebrities 1% automotive brands 1% stocks 1% cryptocurrencies 1%

Social topic influence sri lanka 14%, debt 13%, inflation #1331, money 6%, liquidity 5%, this is 4%, the first 4%, finance 4%, bloomberg 4%, lkr 4%

Top accounts mentioned or mentioned by @cbsl @csemedia @imfnews @bloomberg @yasasrij @worldbank @shavinwijetunge @reuters @cbsls @stancharts @toastmasters @namalabhaya @aselawaid @roshanagamage @murtazajaff @lishanw @marketnewslk @elonmusk @tesla @forzenstur

Top assets mentioned Tesla, Inc. (TSLA)

Top Social Posts

Top posts by engagements in the last [--] hours

"BREAKING: US & India strikes a trade pact India stops buying Russian oil India to cut tariffs on US to 0% US tariffs cut from 25% to 18% India to buy USD [---] Bn US products This is effective immediately. Revised tariffs for Sri Lanka stood at 20% (original 44% and then 30%). https://twitter.com/i/web/status/2018392343125299380 https://twitter.com/i/web/status/2018392343125299380"
X Link 2026-02-02T18:33Z [----] followers, [----] engagements

"CBSL insights on the movement of inflation Inflation peaked (Sep 2022) then followed a disinflationary path reaching single digits (mid-2023) and entered negative territory (Sep 2024) recording a deflation for the first time since Mar [----]. Deflation continued for [--] months and returned to positive levels in Aug [----] and continues its gradual upward trajectory at low positive levels. Cross-country evidence suggests Sri Lankas post-2022 inflation dynamics are broadly consistent with past high-inflation episodes in regional developing economies. After inflation peaks aggressive monetary"
X Link 2026-02-14T10:17Z [----] followers, [---] engagements

"@ShavinWijetunge Not clear about the question. The chart takes the highest inflation point (month) as t and shows how inflation jumped up to that point (left hand side from t) and how it fell towards deflation and then slight reflation (right hand side from t)"
X Link 2026-02-15T05:21Z [----] followers, [---] engagements

"CBSL USD purchases off to a strong start In Jan [----] @CBSL purchased USD [---] Mn and sold [---] Mn. While this is lower vs. Dec [----] (purchases USD [---] Mn; sales [--] Mn) a seasonal comparison with Jan [----] (purchases USD [--] Mn; sales [--] Mn) shows an impressive start to the year. CBSL USD Purchases and Sales In Dec [----] @CBSL purchased USD [---] while selling [--] Mn. Overall in [----] CBSL purchased USD [----] Mn and sold [---] Mn leading to a net absorption of [----] Mn. https://t.co/JGcrxkDZPG CBSL USD Purchases and Sales In Dec [----] @CBSL purchased USD [---] while selling [--] Mn. Overall in [----] CBSL"
X Link 2026-02-08T03:30Z [----] followers, [----] engagements

"RT @theGayan: CBSL USD purchases off to a strong start In Jan [----] @CBSL purchased USD [---] Mn and sold [---] Mn. While this is lower vs. D"
X Link 2026-02-10T00:34Z [----] followers, [--] engagements

"Sri Lanka's private sector credit grew 25.2% in [----]. The credit-to-GDP ratio is still below pre-crisis levels. Both facts are true at the same time. Credit extended by Commercial Banks (CBs) and Finance Companies (FCs) reached LKR [----] Bn in [----] marking a sharp acceleration. For CBs growth rose to 25.2% from 10.7% in [----] indicating a clear shift in credit momentum. This acceleration was notable since June with monthly disbursements exceeding LKR [---] Bn for six consecutive months. According to @CBSL the expansion was primarily driven by: strengthening economic activity and increased vehicle"
X Link 2026-02-16T01:30Z [----] followers, [---] engagements

"Why did investors bid at high rates Few likely reasons. [--]. Change in expectations Some expected a rate cut at last week MP meeting. Towards the meeting rates fell by 50+ bps. But CBSL held rates. Governor explained theres no space for cuts due to rising inflation. 5/"
X Link 2025-04-03T02:44Z [----] followers, [---] engagements

"2. Course Correction Due to many reasons (excess liquidity expectation of rate cuts etc.) 3-month T Bill rate fell towards SDFR. (7.50%). In reality this doesnt make sense: Why would you buy a 3-month T Bill at a rate same as your overnight repo rate 7/"
X Link 2025-04-03T02:44Z [----] followers, [---] engagements

"2. Course Correction (Contd.) It doesn't make sense unless you expect the overnight repo rate to fall i.e. a rate cut. But it was not so. Now that dip is being corrected i.e. reversed. 8/"
X Link 2025-04-03T02:44Z [----] followers, [---] engagements

"Ceylinco Life Toastmasters Goes Global April [----] issue of the @Toastmasters featured Ceylinco Life Toastmasters Club (CLTMC). Probably for the first time in the history a group of energetic Toastmasters of Ceylinco Life Insurance Limited some who were flying for the first time spent an amazing [--] days in Malaysia while conducting an educational meeting at the famous Petronas Towers where the featured photo was taken. What my mind conceived few months ago became a reality in Sep [----]. Special appreciation goes to Toastmasters Sri Lanka leadership for extending well wishes motivating us to be"
X Link 2025-04-06T02:48Z [----] followers, [---] engagements

"18. STOCK MARKET You DM someone for a coffee. You bet that coffee prices will increase while your friend bets otherwise. Due to free market forces both lose since prices remain same"
X Link 2025-04-15T11:50Z [----] followers, [--] engagements

"19. SHORT SELLING You DM someone for a coffee. You pay by selling rights to the coffee beans which was in your coffee you had last week"
X Link 2025-04-15T11:50Z [----] followers, [--] engagements

"Thanks for summarising this. But there are several corrections. I have mentioned few below. [--]. Capital Gain Tax (CGT) for individuals was increased from 10% to 15% w.e.f. 01st April [----]. See my thread below. [--]. T Bills and T Bonds: 36% (or applicable slab) on interest income. CGT 15% would apply only on the case of sale which is rare. [--]. Equity: 15% WHT not applicable for dividends declared out of dividends received. [--]. Debentures: 36% (or applicable slab) on interest income. CGT 15% would apply only on the case of sale which is rare. Notes: [--]. I'm not a tax expert. Just like you am sharing"
X Link 2025-04-18T12:51Z [----] followers, [---] engagements

"Interesting Take on the @CBSL Policy Rate Cut @Bloomberg Economist Ankur Shukla makes an intriguing point on the "undue" (as per his perspective) rate cut. While I may not agree with some of the points made I deeply respect and value his objective and constructive evaluation of the CBSL's monetary policy stance. Such objective and data-driven insights lead to debates which enlighten intellect - and better decision making. "Without data you're just anotherperson with an opinion" - Edwards Deming @CSE_Media"
X Link 2025-05-22T06:55Z [----] followers, [----] engagements

"@NamalAbhaya @aselawaid @CBSL @Bloomberg As CBSL also have stated deflation was (mostly) a result of energy price revisions. This will be reversed soon"
X Link 2025-05-26T18:25Z [----] followers, [--] engagements

"A storm in a tea cup or an elephant in the room Post multiple massive shocks (easter attacks pandemic debt default and restructuring financial crisis etc.) our financial markets are now brewing positivity. In hindsight all seems akin to a 'storm in a tea cup' i.e. financial institutions and markets weathered the 'storm' and came on top. - But with foresight is it an elephant in the room - What 'nexus event' could trigger an alternate timeline - Will history in fact rhyme Join me and my fellow panelists to find out how and why - happening tomorrow at the 4th South Asian Actuarial Conference"
X Link 2025-06-18T02:00Z [----] followers, [---] engagements

"IMF illustrates the value of the US market US is our largest goods exports destination with 23% share (3% of GDP) in [----]. This is mainly garment and rubber industries which employs over [--] Mn people directly and indirectly"
X Link 2025-07-04T01:30Z [----] followers, [----] engagements

"Trump Tariffs at Thirty (30%) 30%: Sri Lanka Algeria Libya & Iraq 25%: Brunei & Moldova 20%: Philippines These are largely in line with rates initially announced in April though Iraqs & Sri Lanka's duties are down from 39% & 44% respectively. Source: @Bloomberg"
X Link 2025-07-09T18:17Z [----] followers, [----] engagements

"@RoshanaGamage As per the @IMFNews report these are mostly arrears due to the baking sector for various interest subsidy schemes such as senior citizens fixed deposits etc"
X Link 2025-07-10T09:13Z [----] followers, [--] engagements

"How does the stock market work Let me explain with an example. News: Trump slaps 30% tariffs on Sri Lanka @CSE_Media: Bulls: Its lower than 44% and our regional competitors Bears: 30% is much higher than 0% (we didn't have such tariffs before) My advise to you: If someone says it's raining and another says it's dry it's not your job to believe/follow them both. Your job is to look out the window. Do your own research. Because its your own money"
X Link 2025-07-11T01:30Z [----] followers, [----] engagements

"CBSL slows down USD purchases In Jun [----] @CBSL bought USD [---] Mn on net basis. We've given an undertaking to @IMFNews to purchase USD [----] Bn (net) between Nov [----] - Dec [----]. Although slowed down with USD [----] Bn (58%) covered we are on track. CBSL Ramps Up USD Purchases @CBSL bought USD [---] Mn on net basis in May [----] - the 2nd highest monthly purchases year-to-date. We've given an undertaking to @IMFNews to purchase USD [---] Bn (net) b/w Nov [----] - Dec [----]. With USD [---] Bn (43%) covered seems we are on track. https://t.co/eETIixweZ7 CBSL Ramps Up USD Purchases @CBSL bought USD [---] Mn on"
X Link 2025-07-21T01:00Z [----] followers, [----] engagements

"Measure twice. Cut once. Many were carried away by last week's @Bloomberg news - Sri Lanka has space to ease policy further - Weerasinghe says. However most didnt read the full story and never checked the source - @Reuters (this statement was made at a Reuters event). Today at the Monetary Policy Press Briefing @CBSL Governor clearly explained his stance. In my view Governor has (as always) been very clear on his words. It is our investors who have carried themselves away. TL;DR Look before you leap. Do your own research. Double check the news before you act on it"
X Link 2025-07-24T01:00Z [----] followers, [---] engagements

"CBSL played the rights cards Recent T Bill auction raised only 18% during the first (auction) phase. While it was oversubscribed [---] times @CBSL accepted only LKR [--] Bn out of the [---] Bn bids received. This is because most bids were at high rates probably due to policy rate being held same as announced same day morning. By accepting only the bids at lower rates CBSL managed to keep the auction Weighted Average Yields (WAYs) at same levels. In fact [---] day WAY dropped by [--] basis point. Interesting part: During the phase II they managed to issue another [--] Bn T Bills. It's an all-time high if"
X Link 2025-07-26T06:55Z [----] followers, [----] engagements

"How @CBSL impacts Money Market liquidity Money going into CBSL (denoted -) decreases market liquidity Money coming out of CBSL (denoted +) increases market liquidity What were such in/outflows during 1H [----] Net currency withdrawals: [----] Bn In English: When Banks withdraw cash from CBSL its debited to their account at CBSL which reduces market liquidity. Net foreign loan repayments by the Govt.: [----] Bn In English: Repayment of loans via purchase of FX by the Govt from CBSL leads to LKR settlements (o/a FX purchased) which decreases market liquidity. Maturities of T Bonds held by CBSL:-7 Bn"
X Link 2025-08-05T01:30Z [----] followers, [---] engagements

"SL Govt. External Debt Profile Interesting insights were shared at the Investor Call held by the Govt. Treasury on 31st July. Central Govt. Ext. Debt Average tenor (term) = [--] years Average cost of debt = 3.2% p.a. 1/"
X Link 2025-08-07T02:23Z [----] followers, [----] engagements

"Split of Ext. Debt by Currency USD 70% SDR 15% (Special Drawing Rights of @IMFNews) JPY 6% CNY 4% 2/"
X Link 2025-08-07T02:23Z [----] followers, [---] engagements

"CBSL USD purchases further slows down In July [----] @CBSL bought USD [--] Mn down from [---] Mn in June and significantly below year-to-date average of [---] Mn/month. Rising vehicle imports might be leaving less USDs for CBSL to buy. We've given an undertaking to @IMFNews to purchase USD [----] Bn between Nov [----] - Dec [----]. With USD [----] Bn (62%) covered while 64% of the term has elapsed we've now fallen behind. Next few months will be interesting to watch. CBSL slows down USD purchases In Jun [----] @CBSL bought USD [---] Mn on net basis. We've given an undertaking to @IMFNews to purchase USD [----] Bn"
X Link 2025-08-11T01:30Z [----] followers, [----] engagements

"Latest insights on Debt Restructuring Govt. published an updated set of answers to external creditors. They provide key insights on the developments post domestic and external debt restructuring. Let me summarise all - in few minutes. 🧵Thread. 1/"
X Link 2025-08-27T01:48Z [----] followers, [----] engagements

"Why FX reserves are down FX reserves remained almost flat at USD [---] Bn levels (Dec [----] vs. Jun 2025) This is because: Inflows (@CBSL net purchases + project loan inflows + one IMF tranche) were similar to outflows (external debt repayments). 2/"
X Link 2025-08-27T01:48Z [----] followers, [---] engagements

"External Debt Restructuring Over 98% negotiations completed o/w 92% inked Key pending: USD [---] Mn Govt. Guaranteed SriLankan Airlines bond They completed a first round of discussions on [--] Aug [----] but no agreement was reached. 3/"
X Link 2025-08-27T01:48Z [----] followers, [---] engagements

"MLB triggers might drain foreign reserves MLBs align with SLs macro performance Upside scenarios are likely to be triggered (= reflects the strength of economic recovery) Such higher debt payment scenarios have been structured to be consistent with debt sustainability and repayment capacity 5/"
X Link 2025-08-27T01:48Z [----] followers, [---] engagements

"Lability management for domestic debt Several new series and types of debt securities were issued during DDR & EDR. For e.g. T Bonds with step-down coupons These bonds are illiquid (not quoted/traded in the market) 6/"
X Link 2025-08-27T01:48Z [----] followers, [---] engagements

"Lability management for domestic debt (Contd.) ISB holders proposed that Govt. could buyback these illiquid bonds or swap them for longer-term or lower rate liquid T Bonds Seems no such plans until PDMO becomes fully functional in [----] 7/"
X Link 2025-08-27T01:48Z [----] followers, [---] engagements

"Update: Tax Revenue from Vehicle Imports (TRVI) As of Aug [------] TRVI amounted to LKR [---] Bn. This is 73% of the annual estimate. Original estimate was 1.3% of GDP. Govt. expects to exceed the original estimate. 8/"
X Link 2025-08-27T01:48Z [----] followers, [---] engagements

"Update: SriLankan Airlines (SLA) SLA Govt and bond holders completed first round of discussions on [--] Aug [----]. Most Favored Creditor Clause outlined in the new ISBs does not include public external guaranteed debt i.e. not applicable to SLAs bond restructuring. 9/"
X Link 2025-08-27T01:48Z [----] followers, [---] engagements

"USD purchases pick up pace @CBSL bought USD [---] Mn in Aug [----] up from [--] Mn in July. However this is below year-to-date monthly average of [---] Mn. Rising vehicle imports seems to be leaving less USDs for CBSL to buy. Our undertaking to @IMFNews require purchasing USD [----] Bn between Nov [----] - Dec [----]. With only USD [---] Bn (67%) covered we've fallen behind and next few months will be crucial if we are to meet this target. CBSL USD purchases further slows down In July [----] @CBSL bought USD [--] Mn down from [---] Mn in June and significantly below year-to-date average of [---] Mn/month. Rising"
X Link 2025-09-09T00:45Z [----] followers, [----] engagements

"Why Bank FD rates are lower than T Bills Technically T Bills are default risk-free. Hence they are called risk-free rates. FD rates should ideally be higher than T Bills because they carry a relatively higher risk. Actually the reverse holds true. 1/"
X Link 2025-09-11T00:47Z [----] followers, [----] engagements

"T Bill (and T Bond) auctions are meant to be for PDs i.e. wholesale investors. The sole role of PDs is to buy from the auction and sell it to investors. Therefore they need to draw a line on direct bidding vs. buying from PDs in the secondary market. Also pls do note that even with LKR [--] Mn (face value) you still need to bid through a PD. There is no direct access (even for Banks) to the CBSL auction except for PDs and EPF"
X Link 2025-09-11T19:07Z [----] followers, [--] engagements

"Directly here means that you can bid in the primary auction through a PD at the rate you prefer. However the acceptance or rejection is up to CBSL. The other alternative is to buy from a PD in the secondary market. In this case the rate will be much lower due to margin of the PD. In either case you have to go through a PD. T Bills have always been issued for [--] [---] and [---] days. But you can buy an existing T Bill issued prior from a PD. The number of days would differ depending on how long it was held by the PD"
X Link 2025-09-14T16:43Z [----] followers, [--] engagements

"Reuters: Central Bank has room to cut rates but willbecautious TL;DR @CBSL's surprise policy rate cut of 25bps in May had "nicely transmitted into the marketplace" with "very stable structures" "If we think we need to support the economy short term . then we have space here but we have to be a bit cautious in our approach" "We need to maintain key buffers in case there are any external shocks we should be able to use that buffer if that is needed in the future" "CBSL by providing credit or loosening too much monetary policy cannot support the boost of growth. It can happen in the short term"
X Link 2025-09-15T01:00Z [----] followers, [----] engagements

"Sri Lanka Deposit Insurance Scheme When Sri Lanka Deposit Insurance Scheme (SLDIS) was introduced in [----]. It's administered by @CBSL. Why To safeguard depositors and enhance confidence in licensed banks and finance companies. How A protection mechanism to compensate depositors if a member institution fails. Covers all Licensed Commercial Banks Licensed Specialised Banks and Licensed Finance Companies. Who SLDIS covers: Depositors: Individuals companies partnerships sole proprietors joint account holders (each counted separately) and beneficiaries of deceased depositors. Deposits: Savings"
X Link 2025-09-23T01:00Z [----] followers, [----] engagements

"Why FX reserve buildup is slow @CBSL purchased USD [----] Mn (net) from Sep [----] - Jul [----]. However FX reserves are up only by [---] Mn. CBSL Governor: This is mainly due to debt servicing; We started repayments post debt restructuring CBSL is repaying USD [---] Bn swap with RBI Govt. is settling the credit line with India Debt service payments are now (relatively) higher Certain expected (projects related) inflows have seen a delay Despite the repayments reserves have been rising albeit slowly"
X Link 2025-09-29T02:00Z [----] followers, [----] engagements

"Boiled down brilliance - One gem to take home If you missed CAPM's webinar on retirement planning heres the key message each of us wanted to share. @murtazajaff: More than investing what matters is the discipline to save. Save first. Spend whats left after. Rishikulya Gunasekera: Think of saving as investing in yourself for a better life and a future. Saving starts today not tomorrow Me: Best time to plant a mango tree was [--] years ago. If you didnt - second best time is - now. Best time to start retirement planning was [--] years ago. If you didnt - second best time is - now. Stay tuned for"
X Link 2025-10-02T01:00Z [----] followers, [----] engagements

"@yasasrij @CBSL @CSE_Media Good observation @yasasrij. In your opinion does this reflect the end of rate cutting cycle @CBSL themselves expect inflation to revert to mid single digits by mid-next year"
X Link 2025-10-06T07:45Z [----] followers, [--] engagements

"Sri Lanka & IMF Reach Staff-Level Agreement on the 5th Review Once the review (subject to pre-conditions below) is approved by the @IMFNews Executive Board we will have access to the 6th tranche of USD [---] Mn. Pre-Conditions [--]. Parliamentary approval of [----] budget in line with program parameters. [--]. Completion of the financing assurances review (multi-laterals financing contributions and debt restructuring progress). @CSE_Media"
X Link 2025-10-09T06:45Z [----] followers, [---] engagements

"@Lishanw @CBSL Weekly Economic Indicators published by @CBSL. https://www.cbsl.gov.lk/en/statistics/economic-indicators/weekly-indicators https://www.cbsl.gov.lk/en/statistics/economic-indicators/weekly-indicators"
X Link 2025-10-11T15:42Z [----] followers, [--] engagements

"@MarketNewsLK @elonmusk @Tesla Apparently they made a gain of USD 101mn from #BTC sales in 1Q which was equivalent to approx. 25% of their net profit for the quarter. Now those would be one-off - for a while"
X Link 2021-05-30T13:35Z [----] followers, [--] engagements

"Fin Co FD Caps Revised 1M 14.71% 3M 15.83% 6M 16.33% 1Y 17.83% 2Y 18.58% 3Y 4Y 19.08% 5Y 20.08% CBSL amended the direction issued to Fin Cos Now the cap is based on moving avg of last [--] T Bill auctions Earlier it was set quarterly based on last month T Bill auctions (1/2)"
X Link 2022-04-19T14:53Z [----] followers, [--] engagements

"Optimistic vs Pessimistic vs Factual Reporting Optimistic: Worker remittances16% Aug Pessimistic: WR Jan-Jul47% YoY Factual: Aug WR at USD 325Mn16% vs Jul. But cumulative Jan-Jul at 2.2Bn47% YoY Statistics dont lie. People who select which to publish might @CSE_Media"
X Link 2022-09-12T13:00Z [----] followers, [--] engagements

"Total Outstanding Market Liquidity Position (TOMLP) improved by LKR [--] Bn. But it should've improved by [---] Bn. Why Inflows: T Bond maturity + coupons were due on 15th Nov. T Bill maturity was on 18th. Outflows: T Bond/Bill auction settlements on 15th & 18th. 1/2 @CSE_Media"
X Link 2022-11-19T11:34Z [----] followers, [--] engagements

"So total net inflows to money market was [---] Bn. But market liquidity improved by only [--] Bn (from a deficit of 469Bn to 390Bn). This is excluding the [---] Bn rise in GSec holdings of @CBSL. Ideally that money also should've flown in to the market. 2/2 https://twitter.com/theGayan/status/1592551474135191553 https://twitter.com/theGayan/status/1592551474135191553"
X Link 2022-11-19T11:34Z [----] followers, [--] engagements

"If you look at SDF vs SLF split below youll see that funds deposited by banks with @CBSL ("SDF") have increased drastically on 20th Jan (Friday). That's the key reason for this volatility in net O/N liquidity. Still it wont tell you why. Whats actually going on 3/6"
X Link 2023-01-21T13:32Z [----] followers, [--] engagements

"SDF is on an O/N basis (up to next work day). On Friday next working day is Monday. So it's counted as [--] days instead of [--]. SDF jumped by 961% on [--] Jan from LKR 30Bn to 317Bn. Not sure how media/analysts would interpret this. But Ill be happy to see them try. 5/6"
X Link 2023-01-21T13:32Z [----] followers, [--] engagements

"CBSL introduced restrictions on SLF and SDF w.e.f. 16th Jan. I wrote about this earlier. SDF is now restricted to [--] times a month. So to make the most of it Banks now use SDF on Fridays (plus any other day before a holiday). Why 4/6 https://x.com/theGayan/status/1610617954898673664 https://x.com/theGayan/status/1610617954898673664"
X Link 2023-01-21T13:37Z [----] followers, [---] engagements

"Pro Tip: For those in bond + @CSE_Media markets @CBSL purchase of USD 1Mn infuse new money of LKR 340Mn each. So during last [--] days LKR 105Bn was injected to the banking system. Is this the first time seeing this interconnection Follow me @theGayan for more insights. @CBSL Governor: Last [--] days CBSL purchased USD [---] Mn from market If not exchange (FX) rate wouldve crashed A flexible market driven rate is preferred WEF [--] Mar [----] - Guidance on FX rate will be dropped - 15% mandatory conversion will be abolished @CSE_Media https://t.co/3oSQqQ85fS @CBSL Governor: Last [--] days CBSL purchased USD"
X Link 2023-03-03T14:45Z [----] followers, [----] engagements

"4. SLDB Conversions and LKR Outflows Banks are likely to opt for the LKR option for SLDBs under DDO. = likely to buy USD to cover their short NOPs = selling LKR = low LKR liquidity = bidding at higher rates Expert @yasasrij predicted this last week. 5/7 https://x.com/yasasrij/status/1676542905610297345 https://x.com/yasasrij/status/1676542905610297345"
X Link 2023-07-12T16:03Z [----] followers, [----] engagements

"5. Large Funding Needs For next few days this is LKR 523Bn: T Bond maturity [--] Jul 128Bn T Bond coupons [--] Jul 75Bn T Bill maturity [--] Jul 320Bn CBSL has to keep raising funds domestically as its the only option right now albeit at relatively high rates. 6/7"
X Link 2023-07-12T16:03Z [----] followers, [----] engagements

"DDO Deadline for T Bonds extended (again) by 2+ weeks Original deadline: Jul [--] 1st extension: Aug [--] 2nd extension: Aug [--] Govt. needs to wrap this up before the LKR [---] Bn T Bond maturity due Sep [--] [----]. The extension is likely due to pending changes in tax laws which impose a 30% rate (on future T Bond income) for funds not participating in DDO. @CSE_Media https://twitter.com/i/web/status/1690049218596225025 https://twitter.com/i/web/status/1690049218596225025"
X Link 2023-08-11T17:15Z [----] followers, 11.5K engagements

"CBSLs impact on Money Market Liquidity @CBSL operations impact Money Market liquidity. How Money going into CBSL (denoted -) decreases market liquidity. Money coming out of CBSL (denoted +) increases market liquidity. What were the impact of such during [----] [--]. Net Currency Withdrawals: [----] Bn When Banks withdraw cash its debited to their account at CBSL which reduces market liquidity. [--]. Term Reverse Repos: [----] Bn On net terms CBSL has absorbed liquidity either by way of conducting term repo borrowings or retiring the repo lendings done in the past. [--]. Net T Bill/Bond Transactions: [----] Bn"
X Link 2025-02-01T05:13Z [----] followers, [----] engagements

"@ForzenStur @ShavinWijetunge @IMFNews @CSE_Media Short answer yes. Budget speech is actually the second reading. For details pls see below. https://www.parliament.lk/en/how-parliament-works/appropriation-bill-the-budgetshowall=&limitstart= https://www.parliament.lk/en/how-parliament-works/appropriation-bill-the-budgetshowall=&limitstart="
X Link 2025-02-11T18:05Z [----] followers, [--] engagements

"Budget 2025: Key Tax Changes At a glance here are the key investment-related changes. Capital Gains Tax For gains from realisation of investment assets (e.g. land). Listed shares exempted. Current rate 10% is increased to 15% (individuals) and 30% (companies). 1/ @CSE_Media"
X Link 2025-02-17T14:38Z [----] followers, 11.1K engagements

"Sri Lanka is out of S & P's Selective Default Rating @SPGlobalRatings has upgraded Sri Lanka's sovereign credit ratings to CCC+/C from SD/SD (Selective Default) to better reflect their forward-looking opinion of our creditworthiness. While @FitchRatings and @moodysratings upgraded Sri Lanka out of selective/restricted default S & P didn't - mainly citing pending resolution of Sri Lankan Airlines USD Bond restructuring"
X Link 2025-09-19T11:51Z [----] followers, [----] engagements

"Can the [---] Trillion Govt. cash buffer sway interest rates Govt. Treasury had LKR [----] Bn of cash as of end Aug [----]. This is more than twice the budget (510 Bn) and 159% vs. Aug [----]. What used to be a giant overdraft few years ago is now a cash reserve. This massive cash pile provides a buffer (or a war chest) for Govt. to manage the roll-over risk of maturing T Bills and T Bonds. Govt. stated they plan to settle LKR [---] Bn of maturing T Bills using this cash reserve - which will reduce the roll-over pressure i.e. allow the T Bill rates to remain at current levels. TL;DR Massive"
X Link 2025-11-10T01:00Z [----] followers, [----] engagements

"DFCC Bank to acquire @StanChart's Wealth and Retail Banking business (Priority Banking Credit Card Retail Lending Deposit and SME portfolios) in Sri Lanka subject to regulatory and other approvals. As per @dfcclk's @CSE_Media filing the consideration stands at LKR [---] Bn plus any taxes. Transaction is expected to be concluded early [----] subject to the approval of @CBSL"
X Link 2025-11-12T11:33Z [----] followers, [---] engagements

"Deep Dive: Domestic Dollar Bonds (DDBs) While you may have seen posts on Sri Lanka's first ever issue of DDBs keep reading to see what some have missed. 🧵Thread. 1/"
X Link 2025-11-24T01:33Z [----] followers, [----] engagements

"Background Announcement follows the mid-October cabinet approval granted to issue DDBs within the existing legal framework. Name Interestingly the name "DDB" is also used by China Nigeria Ghana and Zambia - last two which restructured their debt in the past. 2/"
X Link 2025-11-24T01:33Z [----] followers, [---] engagements

"Size Issue size is USD [--] Mn but could be upsized to [---] Mn based on demand. The magnitude of upsizing (4X) is a tell. Who can apply Limited to licensed commercial banks. But interestingly foreign banks (branches of Banks incorporated outside of SL) can't apply. 3/"
X Link 2025-11-24T01:33Z [----] followers, [---] engagements

"Instrument This is (almost) same as the old Sri Lanka Developments Bonds (SLDBs) except for few key differences. [--]. DDBs are restricted to domestic licensed commercial banks while SLDBs had a broad investor base. 4/"
X Link 2025-11-24T01:33Z [----] followers, [---] engagements

"DDBs vs. SLDBs (Contd.) [--]. DDBs are issued by the newly established Public Debt Management Office while SLDBs were issued by Public Debt Dept of @CBSL. 5/"
X Link 2025-11-24T01:33Z [----] followers, [---] engagements

"Like Share & Follow Seeing the above details for the first time Like and Repost the top tweet below to share with others Follow me @theGayan for more insights on investing. 6/ https://x.com/theGayan/status/1992768542404653508 https://x.com/theGayan/status/1992768542404653508 Deep Dive: Domestic Dollar Bonds (DDBs) While you may have seen posts on Sri Lanka's first ever issue of DDBs keep reading to see what some have missed. 🧵Thread. 1/ https://t.co/tN4vgj9PfQ https://x.com/theGayan/status/1992768542404653508 https://x.com/theGayan/status/1992768542404653508 Deep Dive: Domestic Dollar Bonds"
X Link 2025-11-24T01:34Z [----] followers, [---] engagements

"First-ever Domestic Dollar Bond (DDB) auction results are out PDMO concluded the first ever DDB issuance yesterday. I wrote about DDBs in detail last week. Pls see the QT below. So how did the auction turn out Amount Raised Original offer amount was USD [--] Mn with an ambitious upsize option to [---] Mn. Bids received were [--] Mn and [--] Mn accepted. Technically the auction was oversubscribed and Govt. raised their exact original quota. However given the option to upsize (to [---] Mn) seems the demand from Banks were relatively lower than expected. Interest Rates 1Y: 5.7% 2Y: 6.1% 3Y: Rejected"
X Link 2025-12-04T06:28Z [----] followers, [----] engagements

"Actually no Mewan. First of all DDBs are not trading at all - because they are not listed like ISBs. Transferable but not tradable. When I mentioned the rate is reasonable it was with reference to the rate funds were raised by the Govt. Now given PDi is priced even higher it becomes very reasonable. But it should also be noted that PDI is actually not [--] years to maturity (as DDBs) but [--] years and [--] months. Also this would partly explain why those USD [----] Mn bids for 2Y was rejected - most likely due to Banks bidding at higher rates in par with PDI. Happy to hear your perspective - if"
X Link 2025-12-05T01:05Z [----] followers, [---] engagements

"@dinuka_jeremy This is actually an action taken by the Govt. And yes this will help to build reserves without impacting the exchange rate (relative to open market USD purchases)"
X Link 2025-12-05T13:23Z [----] followers, [--] engagements

"IMF to approve Sri Lanka's RFI on 19th Dec [----] Two weeks ago Govt requested USD [---] Mn under @IMFNews Rapid Financing Instrument which includes a window for urgent BOP needs due to natural disasters. IMF Board will discuss and hopefully approve this on 19th Dec. BREAKING: IMF considers Govt.'s urgent request for USD [---] Mn additional funding Govt has requested financial assistance from @IMFNews for USD [---] Mn under "Rapid Financing Instrument (RFI)". This is a new facility on top of the current IMF Extended Fund Facility(EFF). As https://t.co/CoFZXZLVu8 BREAKING: IMF considers Govt.'s urgent"
X Link 2025-12-17T17:45Z [----] followers, [---] engagements

"BREAKING: IMF Approves USD [---] Mn in Emergency Financial Support @IMFNews Board approved USD [---] Mn under the Rapid Financing Instrument for Sri Lanka to support urgent BOP and fiscal pressures. While Govt. remain committed to the IMF Extended Fund Facility program the 5th review due in Dec [----] has been deferred to early [----]. As per IMF: @CBSL will continue to refrain from "money printing" (monetary financing of the budget). CBSL stands ready to provide liquidity support to the financial system if needed. All emergency spending will be in compliance with the Public Financial Management Act."
X Link 2025-12-19T16:53Z [----] followers, [----] engagements

"IMF Impact Analysis of Cyclone Ditwah "Without data you are just another person with an opinion" With many opinions thrown around let me summarise the @IMFNews impact estimates. 🧵Thread. 1/"
X Link 2025-12-22T00:49Z [----] followers, [----] engagements

"Background The cyclone hit as Sri Lanka is emerging from a deep economic crisis. IMF reform program was bearing fruit. Oct [----] IMF staff assessment of our performance under the EFF was "strong". We were on the brink of approval of the 5th review (6th tranche). 2/ https://twitter.com/i/web/status/2002904285844279722 https://twitter.com/i/web/status/2002904285844279722"
X Link 2025-12-22T00:49Z [----] followers, [---] engagements

"Size of Economic Losses Impact of past disasters of a similar magnitude was 2.5% - 5% of GDP (USD [---] - [---] Bn at current GDP). This includes costs of rebuilding + providing relief. 3/"
X Link 2025-12-22T00:49Z [----] followers, [---] engagements

"Impact on Growth IMF expects growth to slow to 2.9% in [----] from a robust 4.2% in [----] vs. previous estimates of 3.1% (2026) and 3.5% (2025). In other words [----] growth is above estimates while [----] is now estimated to be lower. 4/"
X Link 2025-12-22T00:49Z [----] followers, [---] engagements

"Impact on Inflation Inflation projected to rise to 4%* (Dec 2025) from 2.1% (Nov). [----] average inflation to rise to 5.4% vs. 5.2% (4th review forecast - Jun 2025). As per IMF during 2016/17 natural disasters food inflation spiked from 3% to 14%. 5/"
X Link 2025-12-22T00:49Z [----] followers, [---] engagements

"Impact on BOP Current account deficit estimated to widen by USD [---] Mn in the next [--] months. By design the gap in FX flows (USD [---] Mn) is closed by IMF RFI. 6/"
X Link 2025-12-22T00:49Z [----] followers, [---] engagements

"CBSL Governor explains how last T Bond maturity was settled Govt. Treasury can no longer rely on monetary financing They have now built up a cash buffer This allows to smoothen any funding shortfalls If rates are high they have the flexibility to utilise this buffer P.S. CBSL auctioned LKR [---] Bn T Bonds on 13th Nov - the largest ever But they accepted only [----] Bn (29%). The question remained on how they financed the rest especially given Govt. can't rely on printing money after the new @CBSL Act. Now the answer is officially out there. @CSE_Media"
X Link 2023-11-25T04:29Z [----] followers, 12.9K engagements

"@yasasrij @CBSL @CSE_Media For better clarity: The caps are being gradually phased off. In [----] caps were applicable up to [--] years. Now it's only up to [--] years. Eventually they should (and I believe will) be pahsed off. @CBSL raised the caps by roughly 100bps this time. https://x.com/theGayan/status/2010887019350601921s=20 Double Whammy on Low Interest Rates Yesterday two seemingly unrelated outcomes signalled a possible (further) uptick in interest rates. [--]. CBSL made an upward revision on Finance Company deposit rate caps As per the new @CBSL guidelines deposit rate caps for terms up to 2"
X Link 2026-02-01T11:31Z [----] followers, [---] engagements

"First time in our history Fund Managers and Actuaries share the same stage It was a pleasure and privilege to moderate a panel discussion at the 4th South Asian Actuarial Conference organised by the Actuarial Association of Sri Lanka (AASL). The panel was a balanced mix of fund managers (= guardians of assets) and actuaries (= gatekeepers of liabilities). We discussed about the multiple massive shocks (easter attacks pandemic debt default and restructuring financial crisis etc.) which our financial markets faced and overcame. Also the fact that in hindsight how all this now seem akin to a"
X Link 2025-07-14T01:00Z [----] followers, [----] engagements

"USD purchases pick up pace @CBSL bought USD [---] Mn in Sep [----] up from [---] Mn in Aug. We gave an undertaking to @IMFNews to buy [----] Bn b/w Nov 2024-Dec [----]. While we've picked up pace 24% (698 Mn) remains with only [--] months to go. Fingers crossed for a repeat of 4Q [----]. USD purchases pick up pace @CBSL bought USD [---] Mn in Aug [----] up from [--] Mn in July. However this is below year-to-date monthly average of [---] Mn. Rising vehicle imports seems to be leaving less USDs for CBSL to buy. Our undertaking to @IMFNews require purchasing USD [----] https://t.co/SlVmKxTUAM USD purchases pick up pace"
X Link 2025-10-09T01:00Z [----] followers, [----] engagements

"WB estimates USD [---] Bn in damages from Cyclone Ditwah @WorldBank GRADE report states Cyclone caused an estimated USD [---] Bn (4% of GDP) in direct physical damages. This excludes economic losses which (as per WB) could range from 20% to 125% of total direct damages. 1/"
X Link 2025-12-23T00:55Z [----] followers, [----] engagements

"Disclaimer @WorldBank highlights that the GRADE assessment should be interpreted only as an initial early estimation of direct damage in selected sectors albeit with a significant degree of reliability. 6/"
X Link 2025-12-23T00:55Z [----] followers, [---] engagements

"Like Repost & Share Found this useful like and repost the top tweet below follow me @theGayan for more insights on investing 7/ https://x.com/theGayan/status/2003268210100203612 WB estimates USD [---] Bn in damages from Cyclone Ditwah @WorldBank GRADE report states Cyclone caused an estimated USD [---] Bn (4% of GDP) in direct physical damages. This excludes economic losses which (as per WB) could range from 20% to 125% of total direct damages. 1/ https://t.co/ovYHl0K8GE https://x.com/theGayan/status/2003268210100203612 WB estimates USD [---] Bn in damages from Cyclone Ditwah @WorldBank GRADE"
X Link 2025-12-23T00:56Z [----] followers, [---] engagements

"T Bill yields spike after [--] weeks T Bill yields spiked at yesterday's auction while total accepted was just 55% of the amount on offer. Unseen to most cut-off rates also jumped significantly as per market sources. This leads Banks and PDs to bid at even higher rates at the next auction putting pressure on weighted averages to rise further. Few possible factors behind this spike in yields: Large auction size vs. maturities In the recent past amount offered was relatively lower than the value of weeks' maturing T Bills. However this week amount offered was roughly 160% of the maturity value."
X Link 2025-12-24T01:30Z [----] followers, [----] engagements

"CBSL USD Purchases and Sales In Dec [----] @CBSL purchased USD [---] while selling [--] Mn. Overall in [----] CBSL purchased USD [----] Mn and sold [---] Mn leading to a net absorption of [----] Mn. USD purchases pick up pace @CBSL bought USD [---] Mn in Sep [----] up from [---] Mn in Aug. We gave an undertaking to @IMFNews to buy [----] Bn b/w Nov 2024-Dec [----]. While we've picked up pace 24% (698 Mn) remains with only [--] months to go. Fingers crossed for a repeat of 4Q [----]. https://t.co/3L838kjxXA USD purchases pick up pace @CBSL bought USD [---] Mn in Sep [----] up from [---] Mn in Aug. We gave an undertaking to"
X Link 2026-01-07T02:00Z [----] followers, [----] engagements

"T Bill Yields Settle Higher Yesterday T Bills rose across the board - same as last week. While weighted averages rose more importantly cut-offs were almost same as last week - showing signs of stabilising - at the current levels. Another plus: PDMO managed to raise the full LKR [---] Bn they offered. T Bill yields spike after [--] weeks T Bill yields spiked at yesterday's auction while total accepted was just 55% of the amount on offer. Unseen to most cut-off rates also jumped significantly as per market sources. This leads Banks and PDs to bid at even higher rates at https://t.co/Wyk2Rjv3U7 T"
X Link 2026-01-08T01:30Z [----] followers, [----] engagements

"Just for Fun: CEB vs. CSE I paid the electricity bill with my new unlimited Visa Black Card. I was in a hurry so I mayve typed few extra zeroes. When I got the text message from the Bank it had so many zeroes and I almost fainted I thought they have forgotten to put the decimal place in between. Now no one at my house needs to pay CEB ever again so long as the solar system exist. CEB rushed to hold a press conference saying they've hit their revenue target for [----] today. They also cancelled their price hike request from PUCSL. Instead they are now calculating the staff bonuses. With my"
X Link 2026-01-08T02:00Z [----] followers, [----] engagements

"Double Whammy on Low Interest Rates Yesterday two seemingly unrelated outcomes signalled a possible (further) uptick in interest rates. [--]. CBSL made an upward revision on Finance Company deposit rate caps As per the new @CBSL guidelines deposit rate caps for terms up to [--] years have been revised upwards by [---] bps. For e.g.: Earlier cap on Finance Company (FinCo) deposits of [--] year was [---] Day T Bill + 2%. Now it's set at [---] Day T Bill + 3%. FinCos will now be able to offer rates of up to 11.17% (approx). Also cap on deposits of [--] years and above has been lifted. Now FinCos can offer"
X Link 2026-01-13T01:30Z [----] followers, [----] engagements

"IMF to Visit Sri Lanka to Assess Impact of Cyclone Ditwah @IMFNews team will visit Sri Lanka from [--] - [--] Jan [----] to hold discussions on the size and scope of damages caused by Cyclone Ditwah. The findings will feed into subsequent discussions on the IMF-supported program. Earlier 5th review (and 6th tranche) was put on hold following the need to reassess and hopefully renegotiate terms of the EFF program. IMF team will explore how it can best assist SL in its recovery efforts including by resuming the Extended Fund Facility (EFF) program and offering policy advice and technical assistance"
X Link 2026-01-16T02:52Z [----] followers, [---] engagements

"SCB expects CBSL to hold policy rates in [----] At @StanChart's Global & Sri Lanka Outlook seminar Saurav Anand - Economist India & South Asia stated: Inflation is expected to rise But will stay (on average) below @CBSL's target (5%) This gives space for CBSL to cut rates But expect CBSL to hold in [----] Next CBSL policy rate announcement is due on 28th Jan [----]. https://twitter.com/i/web/status/2014148509881303546 https://twitter.com/i/web/status/2014148509881303546"
X Link 2026-01-22T01:30Z [----] followers, [----] engagements

"IMF affirms support but no timeline on the next tranche. TL;DR @IMFNews team concluded their visit held from Jan [--] to [--] to assess the impact of Cyclone Ditwah. Focus was on understanding the economic and social impact damage to infrastructure and loss of livelihoods. Discussed Govt.s policy intentions financing needs and how IMF can support under the Extended Fund Facility (EFF)program. Govt. committed to safeguarding the gains on fiscal and debt sustainability strengthening public investment management and transparent spending in compliance with the PFM Act. Plans to field an IMF mission"
X Link 2026-01-29T02:00Z [----] followers, [----] engagements

"Impact of CBSL on the Money Market Liquidity How does @CBSL operations impact Money Market (MM) liquidity Money going into CBSL (denoted -) decreases market liquidity. Money coming out of CBSL (denoted +) increases market liquidity. What was the impact during [----] [--]. T Bond Maturities LKR [---] Bn When CBSL collect maturity proceeds of their T Bonds liquidity flows out of the market. [--]. SRR and Other Absorptions [---] Bn Increase in money held under SRR (Statutory Reserve Ratio) (likely due to increase in Bank deposit base) leads to an absorption of liquidity. [--]. Coupon Payments to CBSL [----] Bn"
X Link 2026-02-02T01:30Z [----] followers, [----] engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing