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When we say Ethiopia, we Sri Lankans remember it as a country with less quality facilities and economy than us.
But now the situation is quite different. We have to pay Rs. 5.26 in Sri Lanka to buy an Ethiopian Birr.(by July 22, 2020).
LRT from Colombo to Malabe (15km) Cost US$ 1.9bn as against IMF facility of US$2.9bn. LRT cost is equivalent to 3 Southern expressways. Instead GOSL should use these funds to expands current road network covering entire Sri Lanka.
Sumanthiran agrees to lead forthcoming law reform committee: COLOMBO (News 1st); Prime Minister Ranil Wickremesinghe has engaged in a telephone conversation with TNA MP M.A. Sumanthiran, and the Prime Minister has inquired Sumanthiran whether…
#srilanka
IN PICTURES: Iftar at Independence Square: COLOMBO (News 1st); Many who participated in protests today (08) were also seen breaking fast at the Independence square in solidarity. Photo Credits:
@NuzlyMN
and
@JeromeRasiah
on twitter and…
#srilanka
EXPO and Plantation shares bought as per the twitter advise of Mr Imtiaz Buhardeen has gone bad.
@BuhardeenImtiaz
Client is trying to commit suicide as his entire portfolio invested from his mothers EPF money is completely wiped out. Any assistance is welcome!
#Srilanka
AKD maintains 50-pct lead in Sri Lanka presidential voting intent poll in January: ECONOMYNEXT — National People’s Power (NPP) leader Anura Kumara Dissanayake had support among 50 percent of all adults surveyed by the…
#FinancialChronicle
#Srilanka
#LK
Stock Market investors have yet another opportunity to exit Colombo Stock market after the Covid 19 pandemic which caused economic crisis and sovereign debt default in Sri Lanka prior to the implementation of the IMF proposals and resultant market impact.
#Srilanka
@MarketNewsLK
As per current Technical trend EXPO share price can reach as high as LKR 229/= whereas median price is only LKR 148/=. Fundamental valuation of EXPO shares based on 3X of future earnings is less than LKR 100/=
What is Wrong with SOFTLOGIC HOLDING PLC?
- Stock market trading suspended by the CSE.
- Group losses exceeds LKR 4.4bn during the June 2022 Quarter.
- Group Liabilities exceeds LKR 200bn
- NAVPS of LKR 12/= whilst SHL share last traded at LKR 16/=
Future of EXPOLANKA will depend on its ability to adjust its business to future technology, Non Fungible Tokens (NFT) and Blockchain based freight and logistic, Crypto payments. Some have already reserved their space in the future virtual business world.
#NFTLAUNCH
JKH Vs EXPO - Comparative Analysis: - JKH is a fully Diversified Group but Expolanka is mainly in shipping business which is more service related. - Tourism business is expected to recover and boom in next 3 years but…
#SLChronicle
#Srilanka
#LK
Cabraal warned about going to IMF and potential danger of Domestic Debt Restructuring. No one listened!
Sri Lanka should have not considered going to the
@IMFNews
bailout in the first place, which now turning out to be a suicide.
@CBSL
@StanChart
@Reuters
@HarshadeSilvaMP
@RW_UNP
BIL /LOLC Group will run soon: The Gazette notification stipulating the laws and regulation pertaining to the Colombo Port City Development Project will be issued in a couple of days, the Investment Promotion State…
#FinancialChronicle
#Srilanka
#LK
Declining earnings expectations drives Lanka IOC (LIOC) share price below LKR 200/=
LIOC forecast earnings based on the movement of Crude Oil Prices and historical GP Margin shows a lower earnings for the September quarter.
#LIOC
#Srilanka
Thank you
@CBSL
for lowering Exchange Rate. Best way to come out of the present crisis is to fix the Exchange Rate at LKR 265/= per US Dollar for 2 years as suggested by the former Governor Nivard Cabraal in his book.
#srilanka
@IMFNews
@ChinaEmbSL
@EranWick
@GotabayaR
This is perfectly ok. We dont need a Parliament. Convening the Parliament will not have any impact on coronavirus. Its a selfish request. Disgraceful.
Investor Alert!
Sri Lanka Stock Brokering Mafia Strongly Active.
- Buy High and Sell Low.
- Margin Interest always higher than profits
- Force sold without informing.
- Always Good time to buy, but bad time to sell.
#srilanka
@CSE_Media
@SEC_SriLanka
Sri Lanka: Steel one coconut, you are imprisoned; Steel 100 firearms and 25,000 ammunitions & you go scot-free: Shock revelations has come in to light in Auditor General’s latest report on ‘Rakna Arakshaka Lanka Ltd –…
#News
#Accountability
IPO Failures in Sri Lanka
Majority of Sri Lankan Initial Public Offerings (IPO) have failed due to over pricing by the Financial Advisors and as a result many small investors have lost billons of rupees to scrupulous promoters and company owners.
#srilnka
It is strongly advisable to get out of EXPLOANKA shares. Freight rates will get normalise soon after
@CovidandTruth
and the promoters of EXPO
@CapitalTrustRe
and their intentions resulting in index manipulation need close watch.
@CSE_Media
and
@SEC_SriLanka
its over to you.
Lanka Walltiles (LWL) - Having a LKR 16bn unsold stock in inventories is not a good sign for a company which sells only LKR 13bn for a quarter. Stocks have increased more than 100% yoy. from LKR 8bn to 16bn.
@CapitalTrustRe
@SoftlogicStock1
#SriLanka
Latest Analysis
- Export Income likely to fall due to LKR appreciation against USD
- Increase of Imports will likely to widen the trade gap.
- Sri Lanka debt relief may get delayed further due to China concern over Senior Credit status of IMF and World Bank.
@CSE_Media
CSE is doing a great job of broad basing stock market by listing small size companies on the Diri Savi Board. We now have Fire Extinguishers, Pest Controllers and Land Brokers listed on the CSE. Look forward for the listing of Pilawoos, Bombay Sweets & Pamunuwa Stores.
There is no decrease in inflation.
Census Dept changed the yardstick.
They SUDDENLY replaced the "2013-index" with a "2021-index".
It's clear that CHANGE in the measurement yardstick, has affected the "inflation" numbers very significantly.
On year-on-year basis, CCPI based headline inflation decreased to 35.3% in April 2023. Following a similar trend, the Food and Non-Food inflation decreased to 30.6% and 37.6%, respectively
For more details -
#SriLankanEconomy
#CBSL
#Inflation
#CCPI
Dhammika drums up bipartisan proposals to fix the crisis: Describing the current situation in the country as unprecedented in Sri Lanka’s history, top business leader Dhammika Perera yesterday said it could be resolved quicker if President Gotabaya…