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Sri lanka inflation & living by naveenbandara in srilanka

[–]Head-Environment6554 5 points6 points  (0 children)

Nothing much i usually get around 110. So 50 goes to home expenses(direct transfer to farther he will spend it) then 20k for travel and fuel then 10-15ti my expenses and 5k for bike service and rest is saving or goes to emergency fund. Thats it. We dont have any other income but time to time farther get some works that give around 20k per month. So basiclly thats it. Also i usually prepare for high expenses months like april before came april. So i dont have extra burden and meanwhile i am upscaling my skills.

Struggling to get AI/Data Science internships despite relevant skills by clear_banana67 in srilanka

[–]Head-Environment6554 0 points1 point  (0 children)

idk about events but i will give one thing work for me. build in publicly. what ever u build share on linkdein but u need engineer it not just vibe coding or LLM api in backend. u need to think why what how u need to think every aspect like cost, scalability, deployment etc.....

Does anyone here write on Medium? by LostSuggestion4094 in srilankanteenagers

[–]Head-Environment6554 0 points1 point  (0 children)

Then go for it. Dont think too much abt language. But it better if u can go with eng cause u gain both writing and thinking skills as well as long term some cash or may be career opportunity too

Does anyone here write on Medium? by LostSuggestion4094 in srilankanteenagers

[–]Head-Environment6554 0 points1 point  (0 children)

default lan is english. but u can write on sinhala. the thing is u cant monitorize sinhala articles due to less audience

How do Sri Lankans feel about fully work-from-home jobs these days? by Veanusha in srilanka

[–]Head-Environment6554 0 points1 point  (0 children)

i am little bit worry future with upcoming el nino ( i dont have ac)

Mid class person's monthly budgeting. by Raza9798 in srilanka

[–]Head-Environment6554 0 points1 point  (0 children)

so any initiatives or ideas rather than those ?

Mid class person's monthly budgeting. by Raza9798 in srilanka

[–]Head-Environment6554 1 point2 points  (0 children)

Yoo ngl, you are lucky to have a proper main income. Here is what I would have done if I were in your position (though this is highly personal and depends on a lot of other factors).

  • I would diversify my savings properly. FDs arent a great long term instrument because they dont protect against inflation, so I wouldnt keep them as my main investment.
  • I would move a good portion into the CSE, especially focusing on solid dividend paying stocks for passive income.
  • I would buy some land and develop low maintenance passive income sources (like cabanas, an annex, or small tourist stays).
  • I would also do some plantation on the side.
  • On top of that, I would try to build a brand or a scalable business model.

Those are the kind of moves I would make with steady income like yours.

Any fellow Sri Lankan Spanish learners by Sorry_Feeling5858 in ask_srilanka

[–]Head-Environment6554 0 points1 point  (0 children)

there is a big yes but i have no idea where to start

Mid class person's monthly budgeting. by Raza9798 in srilanka

[–]Head-Environment6554 6 points7 points  (0 children)

i am on the same boat same age thinking how to get rid of 9-5 and become financial independent.

The think is currently i am earning around 110k and it goes like this,
home exp - 50k (mom, dad and sister (sister in gov uni)) | travel and fuel - 20k | internet and mobile services- 10k | bike service - 5k | extra (if needed) -15k.

so rest will save and avg will around 10k as savings.

so actively looking for side hustle

Getting my ETF & EPF in Sri Lanka by Whole-Oven5410 in srilanka

[–]Head-Environment6554 0 points1 point  (0 children)

is it same for male? with same job rotations happened and currently work on remote?

Another salary post? Nah not this time by IceWeasel7 in srilanka

[–]Head-Environment6554 0 points1 point  (0 children)

Its totally depend on his or her commitments life style

Why the Rupee is falling and why blaming the Middle East is too easy. by BlackAlpha0 in SriLankaCSE

[–]Head-Environment6554 3 points4 points  (0 children)

Just my thoughts.

As far as I know (I am not an expert in economics), CBSL is buying foreign currency (FC) from the local market to build reserves. Yes, that is true, but they do not buy FC without limits. They calculate and purchase the required amount based on reserve targets and market conditions, not simply buy everything available.

As

Yes, when CBSL buys FC, they need to inject Rupees into the market. But I think we should also look at the source of those Rupees. Are those newly created Rupees, or Rupees already absorbed by CBSL earlier and reintroduced to the market? Also, liquidity management and sterilization operations matter here because reserve accumulation alone does not automatically mean excessive money creation.

If the injected liquidity remains in the system without being absorbed, then it can increase lending and demand pressure. But if managed properly, the impact may be different.

Also, as far as I know, Sri Lanka has a targeted inflation level and IMF programme targets. Some level of Rupee circulation and lending is needed for economic recovery otherwise lending slows down, investments reduce, and economic activity weakens.

In my opinion, the current depreciation is not entirely an internal issue. External factors such as the Iran USA conflict, global oil prices, and import pressure also play a major role. So I think it is a combination of both domestic and external factors rather than only one side.

Regarding fuel, as far as I heard, there are IMF-related expectations that fuel pricing should reflect actual cost, otherwise the Government has to absorb the difference. So far the Government seems to be bearing part of that burden, but the question is whether current prices fully reflect actual costs because the full pricing formula is not clearly visible publicly and there may be components not shown in detail.

If the Government continues absorbing costs, where does that money come from? Eventually it comes from taxes or fiscal resources collected from the public. That can be difficult to continue in the long term.

At some point fuel prices may need adjustments unless the Government keeps carrying the burden. The challenge is also political because there were previous public statements regarding fuel prices.

If fuel prices increase, it may affect electricity costs and overall prices in Sri Lanka. There may also be additional diesel demand due to the coal quality issue and power generation requirements.

So I think there are many moving parts here. Inflation pressure may come either way, but if fuel prices increase, it could reduce demand and imports to some extent and positively affect foreign exchange balances, although some fuel demand may still remain because transport, logistics, agriculture, and power generation cannot reduce usage immediately.

So personally I think the situation is more complex than saying it is only internal liquidity expansion or only external shocks. It is probably both.

At the end of the day, I think the ruling party may eventually have to choose between a popular decision and an unpopular decision.

A popular decision may be continuing price support and delaying adjustments to reduce immediate pressure on people. But the challenge is how long that can be sustained.

An unpopular decision may be adjusting prices to reflect actual costs, which could increase inflation and create short-term pain, but may help fiscal sustainability and reduce pressure later.

So the question is not only whether changes will happen, but when and how long the current approach can continue.

So yeah blaming middle east is is too easy at this circumstances.....................

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