Lankan Jeeves

436 posts

Lankan Jeeves

Lankan Jeeves

@lankanjeeves

Katılım Kasım 2024
906 Takip Edilen37 Takipçiler
Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@sonaljay8 Already there tbh. Been taking teams calls with video and no lag on QR for a while now.
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Slorgen
Slorgen@ForzenStur·
Finally, someone has common sense. Good riddance to these unnecessary Para tariffs. We should hopefully see lower construction costs by end of 2029. 😁 themorning.lk/articles/sWMZx…
Slorgen tweet media
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@sonaljay8 To the true exchange rate. This is good. Should be closer to 340
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Sonal Jayawickrama
Sonal Jayawickrama@sonaljay8·
The LKR to $ is quietly slipping back above LKR 320. It’s good for exporters, but where are we headed?
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Rothmus 🏴
Rothmus 🏴@Rothmus·
It didn’t work in the Philippines. It didn’t work in Liberia. Because they aren’t Americans. The U.S. Constitution wasn’t imposed on a people. It grew out of them. It emerged bottom-up from American culture, values, habits, and institutions. No matter how brilliant its design, it cannot be transplanted top-down onto fundamentally different peoples and cultures. No magic sand. No magic paper.
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@Im_amila Or someone just transferred based on a random email without looking at who sent the email. This sounds more and more like incompetence and not "hacking"
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Harsha de Silva
Harsha de Silva@HarshadeSilvaMP·
It is utterly shameful how the JVP/NPP government and its political henchmen running the state owned petroleum distributor attempted to manipulate the statement by CEO of @HSBC that a #SriLanka buyer paid USD 286 for barrel of oil. They even threatened to sue HSBC. The man clearly referred to ‘REFINED OIL’ and ‘door to door’ price and never for crude, as accused by the government of #SriLanka. In fact the CEO didn’t mean any wrong, only analysed the fallout of the war. But our big talking stick waving tough guys wanted to ‘teach the man a lesson’ and ended up egg on their faces. dailymirror.lk/print/breaking…
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@ForzenStur @gayaradesilva No incentives with renewables when non renewables are a steady source for consistent corruption irrespective of party lines
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@nibraz88cricket This is a terrible mindset. IPL is the peak of limited overs cricket. If we are to get better we need our players there even if it is in the squad learning
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Nibraz Ramzan
Nibraz Ramzan@nibraz88cricket·
Dinesh Chandimal once turned down an IPL offer to stay committed to domestic cricket for Sri Lanka. Now, young gun Pawan Rathnayake has done the same, rejecting a PSL contract with Islamabad United to play the 4-day unofficial Test against New Zealand. This is exactly the mindset we desperately need in our cricket circuit. Players who put the national Test team and red-ball cricket first, above quick money. Respect. 🇱🇰 We need more like them. #SLvNZ
Nibraz Ramzan tweet media
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@PasinduSenanay7 Because contractually you can not possibly seek damages for the higher electricity generation cost through diesel and the economic loss of power cuts that are inevitable.
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Pasindu Senanayaka
Pasindu Senanayaka@PasinduSenanay7·
Will bayyo finally accept it? 😂🙏
Pasindu Senanayaka tweet media
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@PasinduSenanay7 The CEB, coal company, and power station are all state owned or state run - this mean the public is the one that suffers when there are losses either in terms of higher taxes, higher state losses and debt or higher electricity bills.
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Pasindu Senanayaka
Pasindu Senanayaka@PasinduSenanay7·
The Public Utilities Commission itself said losses from substandard coal won’t be included in electricity tariff revisions so the public won’t bear that cost. Some people are so frustrated over that.. “Patriots,” they say… 🙃
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Rajni Gamage
Rajni Gamage@Rajni_Gamage·
The NPP government has completely misunderstood or is deliberately misunderstanding mandate given them in 2024. An anti corruption mandate doesn't mean they can be excused for incompetency in managing public finance, such as in losses caused by irregularities in coal procurement.
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@PasinduSenanay7 In the same vein a lot was ignored: why the tenet was delayed, why the company selected was registered after the tender was called, several irregularities that while at this point can’t be called fraud is sufficient cause for the minister to be accountable and resign.
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Pasindu Senanayaka
Pasindu Senanayaka@PasinduSenanay7·
Looking at the quotes & replies, UNPers on SL Twitter are trying their best to mask the important details in president's speech because he said they don't test coal by eating it, it will be tested at the authorised labs. For other people, read the importance details!
NewsWire 🇱🇰@NewsWireLK

President Anura Kumara Dissanayake acknowledged a quality issue in recently imported coal but assured that the cost will not be passed on to the public, stating that the supplier company has been fined. He also remarked that he does not “eat coal” to check quality, noting that such assessments are carried out through laboratory testing.

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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@ForzenStur @hbytwo @theGayan @CBSL Even if you import RM the cost of this is even if the currency depreciates or not. You buy RM in $ and you sell your product in $. Local value addition in our largest export industry (apparel) is around 50%. 50% of your cost becoming cheaper is a huge deal.
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Slorgen
Slorgen@ForzenStur·
@lankanjeeves @hbytwo @theGayan @CBSL Generally, a depreciating currency should support exports but this is proportional to how much of their value chain/materials are subject to importation. The higher this is, the lower the benefits of currency devaluation.
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Gayan Lakmal Alwis, CFA
Gayan Lakmal Alwis, CFA@theGayan·
Pressure on LKR is real as CBSL USD sales hit a 31-month high! In March 2026, @CBSL sold USD 71 Mn - the highest since August 2023*, per data compiled by me. On a net basis, CBSL still purchased USD 49 Mn, but that is sharply down from USD 461 Mn in February. Falling tourism revenues and remittances, coupled with LKR depreciation pressure from a globally stronger USD, are the likely causes. The CBSL Governor recently reiterated: - it is a flexible exchange rate regime - the exchange rate reflects demand and supply - short-term volatility will be tolerated - CBSL will intervene only to manage excess volatility While increased USD sales partly reflect heightened volatility, the overall net purchase position clearly shows that CBSL is still building reserves and allowing the market to determine where LKR should be. Where do you think USD/LKR is headed? #SriLankaEconomy #CBSL #ForeignExchange P.S. From Jan 2026, CBSL shifted to reporting on a value date basis. Accordingly, past data in the table (compiled by me when CBSL reported on a transaction date basis) may not match the restated figures.
Gayan Lakmal Alwis, CFA tweet media
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@ForzenStur @hbytwo @theGayan @CBSL No think this way. Product cost: Imported RM: $5 Local cost: $4 (LKR 1,260 @ ex rate 315) Selling $10 Profit $1 If ex rate is 340 Imported RM $5 Local cost $3.70 (LKR 1,260 @ ex rate 340) Selling $10 Profit $1.30 Hence how exporters are better off.
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Slorgen
Slorgen@ForzenStur·
@lankanjeeves @hbytwo @theGayan @CBSL You mentioned that increases in import costs don’t matter because it cancels out with re-exports in $ term. Which means a weaker $ doesn’t necessarily help exporters. I agree that tariffs have to be removed, which seems to be happening.
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@ForzenStur @hbytwo @theGayan @CBSL A huge part of why our exports are not competitive in labor intensive industries is our cost of labor. This gets negated. RM costs don’t matter for exports as trading is in $ terms on both sides. Domestic consumer hit - remove paratariffs, licenses and restrictive trade practices
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Lankan Jeeves
Lankan Jeeves@lankanjeeves·
@ForzenStur Fuel and electricity aren’t reflective at the moment. Much more impactful than gas
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