The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
»  Rajgama Heroes !
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyYesterday at 12:06 pm by කිත්සිරි ද සිල්වා

» Coronavirus Updates
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyYesterday at 7:26 am by The Invisible

» Thread for News on CSE and SL Economy
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyYesterday at 7:17 am by The Invisible

» Access Engineering AEL Technical Analysis
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyYesterday at 7:14 am by The Invisible

» In the Meantime, Within Our Shores !
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Jul 02, 2020 10:35 pm by කිත්සිරි ද සිල්වා

» Obituary Notice.
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jul 01, 2020 12:51 pm by කිත්සිරි ද සිල්වා

»  6000 Post Club , Celebration of a Great Milestone, Slstock
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Jun 30, 2020 9:35 am by slstock

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Jun 30, 2020 8:00 am by LSE

» How to get Access to: 104 Technical trading experiments by HUNTER
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Jun 29, 2020 9:35 am by nuwanmja

» Sri Lanka to monetize tens of billions of contractor bills
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Jun 28, 2020 10:30 am by The Invisible

» 104 Technical trading experiments by HUNTER
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Jun 27, 2020 10:27 pm by HUNTER

» CFVF - First Capital
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Jun 27, 2020 10:22 pm by HUNTER

» RCL - Royal Ceramics
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Jun 27, 2020 4:02 am by desh87

» Stocks - Banks Drag Wall Street Lower After Fed Buyback Ban; Dow Down 290
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Jun 26, 2020 11:35 pm by nihal123

» Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Jun 25, 2020 8:57 pm by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 24, 2020 10:37 pm by seek

» JKH.N0000
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 24, 2020 9:33 pm by The Invisible

» Plantation sector updates
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 24, 2020 10:32 am by The Invisible

» Dividend Announcements
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Jun 23, 2020 4:00 pm by Rana

» LOLC Holdings
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Jun 22, 2020 3:40 pm by Rajapaksap

» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Jun 22, 2020 12:50 pm by The Invisible

» The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Jun 22, 2020 11:53 am by nihal123

» Sri Lanka tea prices pickup marginally mid June
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Jun 21, 2020 8:11 pm by The Invisible

» කොළඹ කොටස් වෙළඳපොළ ඩිජිටල්කරණය කිරීමේ වැඩපිළිවෙල ඇරඹෙයි
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Jun 21, 2020 12:55 pm by HUNTER

» Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Jun 21, 2020 9:34 am by The Invisible

» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Jun 21, 2020 9:32 am by The Invisible

» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Jun 20, 2020 7:56 am by slstock

» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Jun 19, 2020 10:47 pm by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Jun 19, 2020 1:08 pm by dakzsl

» HAYC - Haycarb
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Jun 19, 2020 12:04 pm by Rational Investor

» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Jun 18, 2020 11:13 pm by nihal123

» HAYL.N0000 Hayleys PLC
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Jun 18, 2020 7:53 pm by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 17, 2020 12:29 pm by nuwanmja

» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 17, 2020 10:43 am by The Invisible

» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 17, 2020 10:33 am by The Invisible

» Gota's Era
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Jun 16, 2020 2:40 pm by puliyanam

» Fitch Revises Ratings on 11 Sri Lankan Financial
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Jun 13, 2020 11:58 am by spw19721

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Jun 12, 2020 11:27 am by Rajapaksap

» සල්ලි අච්චු ගැසුවාද?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 10, 2020 11:35 pm by nihal123

» වටිනා පාඩමක්!
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 10, 2020 9:58 pm by Backstage

» Sri Lanka’s General Election on August 05
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 10, 2020 3:08 pm by The Invisible

» Hayleys MGT
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Jun 09, 2020 11:16 am by The Invisible

» AEL Access Engineering
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Jun 09, 2020 11:08 am by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Jun 08, 2020 4:12 pm by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Jun 08, 2020 8:47 am by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Jun 06, 2020 3:05 pm by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Jun 05, 2020 10:48 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Jun 04, 2020 4:32 pm by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Jun 04, 2020 2:21 pm by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Jun 03, 2020 9:49 pm by nihal123

July 2020
SunMonTueWedThuFriSat
   1234
567891011
12131415161718
19202122232425
262728293031 

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse

Go down

Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse Empty Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse

Post by The Invisible on Thu Mar 19, 2020 2:34 pm

ECONOMYNEXT – Sri Lanka will keep oil prices fixed and build a 200 billion rupee fuel price stability fund, Minister Bandula Gunewardane said as global prices collapsed amid a Coronavirus pandemic.

Taxes will be levied on fuel to take out cash from oil distributors and build a fund, which will be used to repay debt of the Ceylon Petroleum Corporation and Ceylon Electricity Board.

The government is planning to keep fuel prices fixed for the next 12 months, he said.

Brent Crude has fallen below 35 dollar a barrel amid a global Coronavirus pandemic.

Sri Lanka’s new administration halted a price formula after coming to office in November 2019.

Minister Gunewardene said in 2018, though there was a price formula the Ceylon Petroleum Corporation had run a loss of over 100 billion rupees.

Most of the losses however had come from a foreign exchange loss, where the CPC had borrowed or had been forced to borrow dollars to run an unhedged open position.

Similar unhedged dollar positions have been run before, including with credit from Iran.

Economic analysts believe that such actions are done due to lack of knowledge of classic economic theory and a strong belief in Mercantilism.
The Invisible
The Invisible

Posts : 2352
Join date : 2016-11-28
Age : 40

Back to top Go down

Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse Empty Re: Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse

Post by කිත්සිරි ද සිල්වා on Thu Mar 19, 2020 2:36 pm

Who will get Dollar Rich this time ?
Last time it was Asantha De Mel.

_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 8553
Join date : 2014-02-23
Age : 62
Location : රජ්ගම

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum