Author: Ranjan Hulugalle
Tharaka Balasuriya appointed State Minister of Foreign Affairs
September 8, 2022 (LBO) – Member of Parliament (MP) from the Kegalle District Hon. Tharaka Balasuriya has been appointed as the State Minster of Foreign Affairs by President Ranil Wickremesinghe. Previously Balasuriya served as the State Minister of Regional Cooperation, a role in which he liaised with foreign diplomats and dignitaries in an effort to […]
Foreign Reserves still in Critical Condition
September 8, 2022 (LBO) – Sri Lanka’s foreign reserves dropped to US$1.7bn as at end August, as compared to US. buy ventolin online http://abucm.org/assets/pdf/ventolin.html no prescription pharmacy 8bn at the end of the previous month. Foreign reserves, excluding Chinese swap line, dropped to approximately US$200mn. Despite the slow return to normalcy on the ground, the […]
EXPO buying binge continues
September 8, 2022 (LBO) – The parent of Expolanka (EXPO), SG Holdings, continues to scoop up shares in Sri Lanka’s largest market cap company. The previous trading session on Wednesday witnessed foreign buying in the shares of EXPO amounting to approximately Rs2bn. Most of the shares were traded close to market prices at Rs225/share. Although […]
Expolanka parent aggressively buys EXPO shares in the market
September 5, 2022 (LBO) – SG Holdings, the parent company of Sri Lanka’s largest listed company Expolanka, has aggressively bought shares of (EXPO) during the past few days. According to discosures at the Colombo Stock Exchange (CSE), SG holdings has over the last few days bought over Rs1bn worth of shares of EXPO at market […]
CBSL Monetary Policy Statement Indicates Economic/Forex Stabilisation
August 18, 2022 (LBO) – The monetary policy statement released by the Central Bank of Sri Lanka indicated stabilisation of the Sri Lankan currency and economy across a broad range of measures. “Pressures witnessed in the domestic foreign exchange market have eased to a large extent with the notable decline in import expenditure and improved […]
Demand Destruction – US fuel demand reduced by higher prices
August 7, 2022 (LBO) – Fox business news has reported that fuel demand in the United States is declining in response to higher prices. “New data from the Energy Information Administration (EIA) shows that gas demand dropped from 9.25 million barrels per day to 8.54 million per day last week. That’s 1.24 million barrels per day lower than […]
Bangladesh spikes fuel prices 50%
August 7, 2022 (LBO) – Bangladesh has sharply raised fuel prices in response to pressures caused by the increase in global oil prices. The price of petrol was raised by over 51%, while prices of diesel and kerosene were raised 42. online pharmacy fluoxetine no prescription 5%. Prices of petrol in Bangladesh are now at […]
Diplomat Podcast: Economist Dr. Ganeshan Wignaraja on SL economic crisis
July 25, 2022 (LBO) – Former Executive Director of the Lakshman Kadirgamar Institute Dr. Ganeshan Wignaraja gave a comprehensive analysis of Sri Lanka’s economic crisis to “The Diplomat” publication recently. buy keflex online https://yourolddog.com/wp-content/uploads/2020/08/png/keflex.html no prescription pharmacy The interview with Luke Hunt, one of the most articulate on the crisis so far, takes stock of […]
‘s economic crisis
June 13, 2022 (LBO) – Sri Lanka is in the eye of its worst ever economic storm. It appears that with regard to every aspect of the economy, things are coming undone. Whether it be food, fuel, power, tax revenue, foreign reserves, inflation or even law and order, when looked at in aggregate the crisis […]
CSE consolidates gains on heavier trading volume
May 18, 2022 (LBO) – Colombo stocks consolidated gains after a recent sharp three day rally. Major indices finished down slightly on the day but are still up over 10% in the last week. For the first time during the recent upsurge, daily trading reached a value of approximately US$10mn. This level of volume would […]
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May 17, 2022 (LBO) – The stock market in Sri Lanka continued its surge for the third consecutive day, with the two major indices finishing up in the range of 5-6% on the trading session. Volumes continued to be relatively light, with less than US$10mn worth of stocks traded on the day. In the last […]
Public clamours for Harsha de Silva to join government
May 15, 2022 (LBO) – Sri Lanka’s twittersphere has seen a surge in activity due to the recent political and economic crises. Events reached a crescendo as violent rioting transitioned into the the surprising outcome of Prime Minister Ranil Wickremesinghe being sworn in for the 6th time. Perhaps the most significant presence on Twitter in […]