Not liberal
August 18 (LBO) – Sri Lankan based gas distributor Laugfs, who wants to blend and produce lubricants locally, says conditions for entering the newly …
Central bank holds Sri Lanka policy rates steady in August
August 16 (LBO) - Sri Lanka's central bank said Wednesday it was holding rates steady, but warned that fuel subsidies were putting pressure on the balance of …
Sri Lanka’s US$ 5 bn investment pipeline held up due to red tape
August 14 (LBO) – Sri Lanka is sitting on a 5 billion dollar investment pipeline for development projects, held up due to red tape and other delays, the …
Sri Lanka’s Jan-June trade deficit widens sharply on oil
August 4, 2006 (LBO) – Sri Lanka's trade deficit expanded 48.0 percent to 1,793 million dollars for the six months to June, compared with the same period …
No Oil
August 01, 2006 (LBO) – Sri Lanka says it may not entertain new investments into expensive oil fired power plants, under a proposed energy policy for the …
On Course
August 01, 2006 (LBO) – Caltex Lanka Lubricants Tuesday reported a 16 percent spike in net profit after tax for the six months ended June this year, on …
Minor Adjustment
August 1, 2006 (LBO) – Sri Lanka's state-owned Ceylon Petroleum Corp has raised fuel prices after a two-month lag to offset a surge in global oil prices, …
Sri Lanka’s consumer prices ease in July to 14.7%
July 31, 2006 (LBO) – Sri Lanka's consumer prices for July eased marginally to 14.7 percent, the Census & Statistics Department said Monday, as a drop in …
Northern Lights
July 31 (LBO) – Sri Lanka has called for interested investors to set up a power plant by end this year, to supply electricity to Jaffna in the …
And FYI
July 31, 2006 (LBO) – Indian oil retailer Lanka IOC Monday raised fuel prices across the board by 5.00 rupees a litre to keep pace with galloping crude …
Sri Lanka to hold aid parley in Dec; asks donors to fund mega projects
July 28, 2006 (LBO) – Sri Lanka is asking donors to concentrate on helping to build mega infrastructure projects, when the annual aid parley meets in …
Back to Mommy
July 27, 2006 (LBO) – Sri Lanka’s cabinet has transferred a third of petroleum assets held by the treasury to the state-run Ceylon Petroleum Corp, …
On the Boil
July 26, 2006 (LBO) – Fears of another fuel shortage were sparked off on Wednesday as the government refused to give in to trade union demands and said …
Breakthrough
July 25, 2006 (LBO) – The Sri Lankan government bought two weeks grace period from petroleum sector trade unions late Tuesday, with fuel stocks expected …
Sri Lanka urges nationals in Lebanon to stay put
July 25, 2006 (AFP) - Sri Lanka, which has the largest contingent of expatriate workers in Lebanon, wants those trapped in the conflict to stay put and those …
Empty Tank
July 24 (LBO) – An ongoing strike by trade unions at Sri Lanka’s petroleum distribution facility could cripple supplies at fuel sheds, if it …
Going Up
LONDON, July 21, 2006 (AFP) - Oil prices firmed on Friday but remained below recent record peaks as traders paused for breath after a week of volatile trading, …
IPS to develop action plan for Sri Lankan industrialists
July 18, 2006 (LBO) – The Industrial Association of Sri Lanka has commissioned a study to develop a national action plan to be presented to the …
Bitter Prescription
July 18, 2006 (LBO) – Sri Lanka is taking a hard look on how to manage subsidising fuel prices amidst a worsening Middle East crisis that is threatening …
New Blend
July 17 (LBO) – The government has agreed to amend lubricant tariffs, narrowing the gap between lube imports and raw materials like base oil, to spur …