Sri Lanka court summons Speaker, legislators to review impeachment
Dec 21, 2012 (LBO) - Sri Lanka's court of appeal has summoned parliamentary Speaker and legislators who were in a committee that found the Chief Justice guilty …
Petro Hikes
Dec 15, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation, has raised petrol by 10 rupees to 159 and two grades of furnace oil but kept diesel …
Crude Block
Dec 10, 2012 (LBO) - Sri Lanka is unable to import crude oil from Iran despite a sanctions waiver by the United States, because banks are wary of opening …
Lube Shift
Dec 07, 2012 (LBO) - Sri Lanka's Chevron Lubricants Plc, the island's market leader, said it will shift a blending plant to an industrial estate by July 2014 …
Sri Lanka to boost, tourism, investment links with Kazakhstan
Nov 23, 2012 (LBO) - Sri Lanka is expecting closer economic ties with Kazakhstan following a visit to the country by President Mahinda Rajapaksa, the state …
Bidding Round
Nov 15, 2012 (LBO) - Sri Lanka will offer up to ten offshore oil blocks in a bidding round that may start as early as next month, Saliya Wickramasuriya …
Oil Gains
Nov 12, 2012 (LBO) - Lanka IOC, a unit of Indian Oil Corporation said profits in the September 2012 quarter rose 327 percent from a year earlier, partly helped …
Unhedged
Nov 02, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation has lost a 60 million dollar arbitration claim over oil derivatives against Deutsche …
Lube Sentiment
Oct 30, 2012 (LBO) - Sri Lanka's Chevron Lubriants unit said profits fell 13 percent to 521 million rupees in the September 2012 quarter from a year earlier …
Sri Lanka Tamil Tiger leader in charity work
COLOMBO, Oct 17, 2012 (AFP) - The last leader of Sri Lanka's Tamil Tigers, who is wanted by India over the assassination of former premier Rajiv Gandhi, has …
Sri Lanka judges, magistrates, lawyers on strike over assault
Oct 08, 2012 (LBO) - Sri Lanka's district judges and magistrates are striking Monday, while several lawyers associations had decided to keep away from court …
Sri Lanka scholar explodes China arms trade myths
Oct 07, 2012 (LBO) - Contrary to popular belief that Chinese arms sales to Africa fuel wars and human rights abuses, it is the United States that sells more …
Kero Trend
Sept 20, 2012 (LBO) - Sri Lanka's kerosene sales have come down after a price hike in February that reduced a subsidy given by tax payers, while highly taxed …
US deplores insults to religious beliefs, violence in the name of religion
September 20, 2012 (LBO) – The United States Thursday reiterated that it had nothing to do with an anti Islam film that sparked violent protests by …
Commonwealth ready to help Sri Lanka fix institutions, build capacity: Secy Gen
Sept 13, 2012 (LBO) - The Commonwealth is ready to help Sri Lanka strengthen its public service and key institutions, build leadership capacity of senior …
Fake Lubes
Sept 12, 2012 (LBO) - There was a thriving business in Sri Lanka involving the sale of unlicensed lubricants, adulterated and counterfeited brands and …
Petro Regulation
Sept 11, 2012 - Petroleum products are expected to be brought under Sri Lanka's multi sector utilities regulator which is already overseeing the power sector, …
Sri Lanka’s ruling party sweeps local polls
Sept 9, 2012 (AFP) - Sri Lanka's ruling party secured victory in three provincial council elections including one area ravaged by the island's ethnic war that …
Transparent Pricing
Sept 05, 2012 (LBO) - Indian Oil Corporation's Sri Lanka unit, Lanka IOC has called for a pricing formula for retail fuels which keeps parity with import …
Sri Lanka expects to commission 24MW power plant in Jaffna
Sept 04, 2012 (LBO) - Sri Lanka expects to connect a 24MegaWatt heavy fuel oil fired power plant to boost supply to the northern Jaffna peninsula by January …