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Opinion: Demand Destruction for Oil can solve Sri Lanka’s economic crisis

Opinion: Demand Destruction for Oil can solve Sri Lanka’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 …

June 13, 2022 | Economy & Markets, Opinion, Watch Tower | 3 Comments | Read More
CSE consolidates gains on heavier trading volume

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 …

May 18, 2022 | Economy & Markets, Markets | Read More
Colombo stocks roar, ASPI up 1000 points in 3 days on ‘Ranil Rally’

Colombo stocks roar, ASPI up 1000 points in 3 days on ‘Ranil Rally’

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 …

May 17, 2022 | Economy & Markets, Markets | Read More
Public clamours for Harsha de Silva to join government

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 …

May 14, 2022 | Politics, Politics | Read More
Ranil Rally – stocks up another 5%

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% …

May 13, 2022 | Economy & Markets, Markets | Read More
Ranil sparks stock market Rebound

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 …

May 12, 2022 | Economy & Markets, Markets | Read More
Tribute: Senior Corporate Personality Sega Nagendra (1939-2022)

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. …

March 1, 2022 | Banking and Finance, Companies, Featured, Industry, People, Technology, Tourism | Read More
Tribute: Ladies College girl Viola Welikala (1920-2021)

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 …

January 5, 2021 | People | Read More
Tribute: Ladies College girl Viola Welikala turns 100 today

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 …

February 6, 2020 | People | Read More
Lanka IOC (LIOC) reports profit of Rs490mn for the quarter

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, …

January 29, 2020 | Petroleum | Read More
Asian Hotels (AHPL) reports a revenue decline of 21% in the December quarter

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 …

January 28, 2020 | Tourism | Read More
John Keells Hotels (KHL) reports a quarterly loss of Rs398mn

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 …

January 28, 2020 | Tourism | Read More
Trans Asia Hotels (TRAN) revenue down 6%, results show tourism bouncing back

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 …

January 21, 2020 | Tourism | Read More
CSE comes alive with Rs2.8bn turnover but foreigners keep selling

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 …

November 28, 2019 | Economy & Markets, Markets | Read More
Colombo stocks surge on Rajapaksa tax cut bonanza

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 …

November 28, 2019 | Economy & Markets, Markets | Read More
I request that we all  respect law and order and act peaceably especially after the results are announced – PM

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 …

November 16, 2019 | Politics | Read More
Sri Lanka’s stocks move up, but foreigners sell Rs1.5bn ahead of Presidential election

Sri Lanka’s stocks move up, but foreigners sell Rs1.5bn ahead of Presidential election

November 13, 2019 (LBO) - Sri Lanka's stock market was strong ahead of Sri Lanka's impending Presidential election to be held on Saturday November 16th. The …

November 14, 2019 | Economy & Markets, Markets | Read More
All eyes on AKD as election campaigning ends at midnight

All eyes on AKD as election campaigning ends at midnight

November 13, 2019 (LBO) - Intense campaigning for Sri Lanka's Presidency will come to an end tonight at midnight. After a 48 hour cooling off period, Sri …

November 13, 2019 | Politics | Read More
Taj Lanka Hotels (TAJ) revenue up 12% as Sri Lanka tourism recovers

Taj Lanka Hotels (TAJ) revenue up 12% as Sri Lanka tourism recovers

November 11, 2019 (LBO) - Colombo Stock Exchange (CSE) listed Taj Lanka Hotels (TAJ) reported surprisingly robust revenue growth for the quarter ended …

November 11, 2019 | Companies, Tourism | Read More
Harsha’s highlights – inspired by New Zealand PM’s viral video

Harsha’s highlights – inspired by New Zealand PM’s viral video

November 10, 2019 (LBO) - Popular Non Cabinet Minister of Economic Affairs Dr. Harsha De Silva in a short video message highlighted the achievements of the UNF …

November 10, 2019 | Politics | Read More
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