Light Savings
June 29 (LBO) – All consumers who save electricity will get a 10 percent discount on their next bill, while low usage will also be rewarded with free …
Sri Lanka needs to shake off its welfare state mentality: World Bank
June 26, 2006 (LBO) -- Sri Lanka's economic programmes must be protected from the political uncertainties of delicate coalitions and resolve the ethnic …
Burning Low
June 18, 2006 (LBO) – Sri Lankans have been urged to crawl under the sheets early, turn up the heat on air-conditioners and give up late night football …
Sri Lanka 1Q06 GDP over 7%
June 16, 2006 (LBO) – Sri Lanka's 24-billion dollar economy has expanded in excess of seven percent during the first quarter of this year, a senior …
Simmering Heat
SINGAPORE, June 12, 2006 (AFP) - Oil prices were easier in Asian trade Monday, with the market waiting for the next lead on tensions over Iran's controversial …
Top Secret
June 12, 2006 (LBO) – The Sri Lankan government is to ink a deal with Lanka Indian Oil Corp, towards the end of this month, to amend the petroleum …
Slow Trot
June 10, 2006 (LBO) – Sri Lanka raise fuel prices from midnight Saturday after a two-month lag to offset a surge in global oil prices, a top official …
Olive Branch
June 9, 2006 (LBO) -- Sri Lanka plans to repay millions of dollars due to the troubled fuel retailer Lanka IOC, in cash and bonds to meet immediate purchases …
Oil Strikes
NEW DELHI, June 6, 2006 (AFP) - A sharp hike in Indian fuel prices sparked uproar against the government Tuesday as both its communist allies and the main …
Desperate Times
June 06 (LBO) – Lanka Indian Oil Corporation has asked the Treasury for a billion rupees of its unpaid subsidy bill to buy fuel, as petrol stocks …
Sri Lanka gets a new country head for World Bank
June 2, 2006 (LBO) – Naoko Ishii will take over as country director of the World Bank in August from the incumbent Peter Harrold, the bank said Friday. …
Package Deal
Jun 01 (LBO) – The government has approved a restructuring plan for loss making Ceylon Electricity Board (CEB), which includes re-scheduling 60 billion …
Petroleum Politics
May 31, 2006 (LBO) – Sri Lanka's Energy Minister has set the stage to take back Ceylon Petroleum Corporation assets, currently vested with the Treasury. …
Sri Lanka’s inflation rate climbs to 13.2% in May
May 31, 2006 (LBO) – Sri Lanka's inflation rate for May rose as short supplies of consumer eatables like cream cracker biscuits, rice, bread, red onions, …
Sri Lanka ships more goods in April; trade deficit widens
May 30, 2006 (LBO) – Sri Lanka's trade deficit – the broadest measure of international trade – expanded during the four-months to April to …
Sri Lanka to raise import tariffs for wheat to prop up rice prices
May 30, 2006 (LBO) – Sri Lanka plans to raise import tariffs on wheat to encourage paddy sales and shore up prices, treasury secretary P B Jayasundara …
Dire Straits
May 23, 2006 (LBO) – Cash strapped retail fuel supplier Lanka IOC has put a break on future imports, citing an unpaid 7.44 billion rupee subsidy payment …
Sinking Further
May 17 (LBO) – Petroleum retailer Lanka IOC, Friday reported a 7.1 billion rupee loss for the year ended March 31, as the Sri Lankan government fail to …
Continuing violence slowing down aid projects: World Bank
May 19, 2006 (LBO) – An upsurge in violence in the north east part of Sri Lanka could slow down progress post-conflict development projects, a top World …
U.S. gives million dollars to spruce up tsunami shelters
May 18, 2006 (LBO) – The United States Thursday gave Sri Lanka a one million dollar grant to upgrade and improve the living conditions in 40,000 …