"If stock market crashes, I will close it down"
President's remark may be sarcastic, but given the weight he carries, it was highly irresponsible. Especially considering the forex inflows #SriLanka is getting via capital markets at present
@RW_UNP@HarshadeSilvaMP@ShehanSema
Taxi booked from Colombo to airport is 34km for LKR 6,500 (£16). When I land, the taxi from Heathrow to Brixton is £70 and it's only 17km. It's 10x more!
Thanks-IFC's Alvarez for explaining that “USD 400mn cross-currency SWAP” for SL banks is only to trade cash flows in one currency with that of another, thereby confirming there's no new Forex inflow due to the SWAP as believed by some. #SriLankaEconomy#WorldBank
This the WhatsApp Mbappé sent to Florentino:
“I’m communicating to you that I have decided to stay at PSG.
I want to thank you for the opportunity you gave me to play at Madrid, the club I was fan of since I was a kid”
(via @elchiringuitotv )
Recap: Just 1 year back
1. Market pull back
2.EXPO given fair value as 23 by the great First capital research
3.EXPO pull back from 28 to 22
4. IN sold BIL stock at 6.4 got blamed
5.LOLC pull back from 474 to 280
Then,
1. EXPO goes to 405
2. BIL goes to 19
3. LOLC goes to 1489
Today we saw one of the most shameful market manipulations by #CLC#LOFC to facilitate an intra party transaction at a fixed price. Poor retailers were decimated for the benefit of the owners. @CSE_Media and @SEC_SriLanka should investigate this.