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 articles from Lakshini Fernando

Sri Lanka: Macro Roundup - July 2021

Economic activity picked up in July, as most restrictions were eased. Meanwhile, the government successfully met the USD 1.0bn ISB repayment during the month, as Moody’s placed Sri Lanka’s rating under review. However, concerns of the govt’s near ter...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 30 July 2021
Flash Report / Sri Lanka

Sri Lanka: Govt meets ISB payment in-line with our view

In-line with our view expressed since the beginning of the year, the government successfully settled the USD 1.0bn International Sovereign Bond (ISB) repayment which matured today. This proved the government’s intentions of maintaining its consistent...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 27 July 2021
Flash Report / Global

Sri Lanka: IMF SDR Allocation; What It Means and Its USD 800mn Benefit

The IMF Executive Board approved the allocation of USD 650bn worth of Special Drawing Rights (SDR) last week, to help economies faced with difficulties amidst COVID-19. Sri Lanka’s foreign reserves position should benefit from this through the countr...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 12 July 2021

Sri Lanka: 1Q 2021 GDP - 1Q reflects expected recovery momentum for 2H 2021

Data released by the Department of Census and Statistics shows that the Sri Lankan economy rebounded strongly in 1Q 2021, as reflected in leading indicators during the quarter. Looking ahead, we expect this trend to improve albeit gradually in 2H 202...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 12 July 2021

Sri Lanka: Monetary Policy Review July 2021 - Rates remain unchanged

In-line with our expectations, the Central Bank (CB) maintained key policy rates at the current level, following its monetary policy meeting yesterday. This came amidst the CB reiterating its stance of maintaining a low stable interest rate environme...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 8 July 2021

Sri Lanka: Fiscal pressure heightens; external repayments decline

The fiscal deficit for 4M CY21 amounted to LKR 520bn, approx. 3.1% of GDP (compared with 3.0% of GDP for 4M CY20), up 15.1% YoY for the period. Government revenue was approx. 6.1% of GDP (compared with 6.2% of GDP for 4M 2020). As such, government ex...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 4 July 2021

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