Lakshini Fernando

Asia Securities

Vice President @ Asia Securities

Lakshini has over 10 years of capital markets’ experience, and manages the macroeconomics product at Asia Securities Research, having joined the team in April 2016. Prior to that, she was a Senior Associate Vice President at Moody’s Analytics Knowledge Services (formerly known as Amba Research Lanka).

Lakshini Fernando
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Latest from Lakshini Fernando

Sri Lanka: Macro Roundup - October 2022

Government tax proposals to support IMF discussions; negative impact on consumer spending power. Mobility levels remain steady during the month; Manufacturing, Services PMIs show mixed results. Inverted yield curve indicates higher short-term risk; y...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 31 October 2022
Flash Report / Sri Lanka

Sri Lanka: Tax Proposals – October 2022

Revenue base expanded; expenditure proposals remain a key priority. Personal income tax changes further widen tax net and burden on higher income earners. Corporate tax revisions and affected counters; export counters to see least impact.
Asia Securities Naveed
Naveed Majeed @ Asia Securities 12 October 2022

Sri Lanka: Monetary Policy Review October 2022 – Key policy rates on hold

CB maintains rates; FX liquidity in the banking system continues to improve. Inflation to gradually ease as supply side pressure improves. Reserves at USD 1.8bn in September including USD 1.4bn swap; we factor in an IMF EFF in January 2023.
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 6 October 2022

Sri Lanka: Macro Roundup - September 2022

CBSL commences creditor discussions; IMF Board agreement a crucial factor. GDP: 2Q reflects impact from multiple headwinds; 2H 2022 to improve faster than our initial expectations. Mobility remains consistent on the back of continuous fuel supply.
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 30 September 2022

Sri Lanka: CBSL commences creditor discussions; IMF Board agreement crucial

CBSL timeline for restructuring comes in-line with our views; IMF board approval a key factor to timeline. Central Bank Act ahead of IMF EFF a key positive; SoE guaranteed debt looks to be restructured. CBSL outlines realistic forecasts; expects econ...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 27 September 2022

Sri Lanka: 2Q 2022 GDP - Multiple headwinds impact 2Q; 2H expected to improve

Services sector records 2.2% YoY contraction despite improvements in Accommodation, F&B activities and Telco sub-sectors. Industrial sector contracts 10.0% YoY amidst fuel, electricity shortages, challenges to opening LCs for raw materials. Improving...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 16 September 2022

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Lakshini Fernando
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