Sri Lankan Tourist Arrivals YoY (Dec) Y/Y 4.2% vs. Exp. 12.5% (Prev. 15.6% )
Sri Lanka's tourist arrivals in December increased by 4.2% year-on-year, falling significantly short of the 12.5% expectation and down from 15.6% previously.
PBoC sets USD/CNY mid-point at 7.0128 vs exp. 6.9832 (Prev. 7.0197)
Additional cities in China said to ease home-buying rules
Sri Lankan Tourist Arrivals YoY (Dec) Y/Y 4.2% vs. Exp. 12.5% (Prev. 15.6% )
PRE-MARKET CHINESE STOCKS NEWS: Chinese CPI and PPI data is scheduled at the open
South Korean President Lee plans to visit Japan between January 13th to 14th, and will be meeting with Japanese PM Takaichi on January 13th
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This miss indicates potential weaknesses in the tourism sector, which could have broader implications for economic growth and currency stability in Sri Lanka as tourism is a key revenue driver.
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