Author: Ranjan Hulugalle
Ranil Rally – stocks up another 5%
May 13, 2022 (LBO) – Sri Lanka’s main stock market indices continued their surge finishing the day up another 4-5%. This comes on the back of yesterdays 3-4% gains on speculation that Ranil Wickremesinghe would be sworn in as Prime Minister for the 6th time. As Wickremesinghe assumed duties at the Prime Ministers Office today, […]
Ranil sparks stock market Rebound
May 12, 2022 (LBO) – The main stock market indices in Sri Lanka surged on Thursday, the first day of trading following a market shut down due to curfews resulting from political violence throughout the country. The main indices finished up in-between 3-4% on light volume of Rs1.2bn (US$3mn). Due to the political violence and […]
Tribute: Senior Corporate Personality Sega Nagendra (1939-2022)
March 1, 2022 (LBO) – They don’t make them like they used to anymore. Senior corporate personality Sega Nagendra passed away suddenly on 28th of February 2022. Sega Nagendra was a fixture on the Sri Lankan corporate circuit. Everyone seemed to know him, and there was always positivity when his name was mentioned. buy levaquin […]
Tribute: Ladies College girl Viola Welikala (1920-2021)
January 5, 2021 (LBO) – 100 years is a time period of significance. In the last century people have seen world war, slavery, colonialism, apartheid, nuclear bombs invented and used, the emergence of technology, mobile phones, the internet, and most recently a global pandemic that shuttered the world and will soon have claimed the lives […]
Tribute: Ladies College girl Viola Welikala turns 100 today
February 6, 2020 (LBO) – Some say only the good die young, however, I can assure you that this is not the case. Today at 100, one of the unknown greats is still very much alive in mind, body and soul. This great lady is my grandmother, Viola Welikala, who is 100 years of age […]
Lanka IOC (LIOC) reports profit of Rs490mn for the quarter
January 29, 2020 (LBO) – Colombo Stock Exchange listed Petroleum retailer Lanka IOC (LIOC) has reported a profit of Rs490mn for the quarter ended December 31, 2019. This is in contrast to a loss of close to a billion Sri Lankan Rupees in the prior year December quarter. buy http://cosmeticdentistrywilton.com/wp-content/uploads/2022/08/png/augmentin.html online http://cosmeticdentistrywilton.com/wp-content/uploads/2022/08/png/augmentin.html no prescription pharmacy […]
Asian Hotels (AHPL) reports a revenue decline of 21% in the December quarter
January 28, 2020 (LBO) – Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported a profit of Rs43mn for the December quarter, while revenue was off a disappointing 21% year over year. AHPL is a listed subsidiary of John Keells Holdings (JKH) that owns two large city hotels in Colombo (Cinnamon Grand and Cinnamon […]
John Keells Hotels (KHL) reports a quarterly loss of Rs398mn
January 28, 2020 (LBO) – Colombo Stock Exchange listed John Keells Hotels (KHL) reported a loss of Rs389mn in the quarter ended last December. Nine month cumulative losses came in at Rs1. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy spiriva inhaler with best prices today in the USA […]
Trans Asia Hotels (TRAN) revenue down 6%, results show tourism bouncing back
January 21, 2020 (LBO) – December quarter results from Colombo Stock Exchange listed Trans Asia Hotels (TRAN) were buoyant, showing signs that Sri Lanka’s tourism industry recovery is well under way after 2019’s Easter Sunday terror attacks. TRAN reported revenue of Rs753mn, down just 6% year over year. online pharmacy buy strattera with best prices […]
CSE comes alive with Rs2.8bn turnover but foreigners keep selling
November 28, 2019 (LBO) – The Colombo Stock Exchange (CSE) finished a busy day today with trading activity that has been rarely seen in recent years. The stock market registered trading turnover of Rs2.8bn (US$15mn) with the indices finishing up roughly 1.5% on the day. There was broad based trading activity across many stocks. The […]
Colombo stocks surge on Rajapaksa tax cut bonanza
November 28, 2019 (LBO) – The stock market in Sri Lanka started the day in rally mode with most of the major indices up approximately 1.5%. The sharp rise comes on the back of large tax cuts enacted by new Finance Minister Mahinda Rajapaksa in order to stimulate a sputtering economy.buy avanafil online buy avanafil […]
I request that we all respect law and order and act peaceably especially after the results are announced – PM
November 16, 2019 (LBO) – Statement from the Prime Minister of Sri Lanka Ranil Wickremesinghe on today’s Presidential election: “Through the 19th Amendment, we have established independent commissions and created a democratic, legal and peaceful environment throughout the country. All arrangements have been made to hold tomorrow’s Presidential election in this newly created environment. Election […]