New Wing
May 11 (LBO) – The government has given state oil giant Ceylon Petroleum Corporation the go ahead for a feasibility study to double capacity at its …
New Deal
May 08 (LBO) – The Power Ministry said Monday that it would pump in funds to upgrade 100 state held fuel sheds, left over from privatising Sri Lanka's …
Going Upstream
May 2 (LBO) – Sri Lanka is setting up an upstream oil company as the country gets ready to auction several off-shore oil exploration blocks, Petroleum …
World Bank unlikely to cut cheap aid to Sri Lanka despite rising incomes
May 03 (LBO) – The World Bank has not taken a decision to end concessionary lending to Sri Lanka despite the tsunami-hit island reporting more than 1,000 …
Government agencies claim two rates of growth for Sri Lanka
May 01 (LBO) - The claims of two different growth rates for Sri Lanka by two agencies have highlighted inherent shortcomings in the preparation of national …
Sri Lanka’s April inflation swings up
Apr. 28 (LBO) – Sri Lanka’s inflation rate for April rose over consumer demands for bananas, fresh fish, milk foods and vegetables during the …
Iranian Shadow
LONDON, Apr. 28 (AFP) - World oil prices eased Friday on receding worries over US motor oil supplies but held above 70 dollars per barrel on rising tensions …
Sri Lanka’s Central Bank calls for better fiscal policies to maintain stability
Apr.27 (LBO) - Sri Lanka's Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual …
Sri Lankan exports fall as earnings from clothes decline
Apr.27 (LBO) – Exports from Sri Lanka fell four percent for the two months to February as the island shipped fewer clothes, the central bank said …
Sri Lanka aid donors to meet in Oslo
OSLO, Apr. 27, 2006 (AFP) - Sri Lanka's main international aid donors will meet in Oslo on Friday to brainstorm on how best to provide assistance against a …
Cruising Along
Apr.26 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corportaion, is confident of maintaining uninterrupted supplies from their tank farm in …
Sri Lanka forecasts 1Q06 GDP at 6.8%
Apr. 26 (LBO) – Sri Lanka's economy is expected to grow at an annual pace of 6.8 percent during the first quarter of 2006, despite setbacks in the peace …
Tigers provoking backlash with killings: Sri Lanka
Apr. 24 (AFP) - Suspected Tamil Tiger rebels hacked to death a mother feeding her baby after gunning down six farmers in a killing spree designed to provoke a …
Rights group slams Sri Lanka for not saving Tamil civilians
Apr. 25 (AFP) - Sri Lankan security forces stood by as Sinhalese mobs murdered Tamils after a suspected Tamil Tiger bomb attack earlier this month at a busy …
More killings send tension soaring in Sri Lanka
Apr. 25 (AFP) - Tension gripped Sri Lanka's north-eastern Trincomalee district Tuesday after an overnight killing of a hotel owner police say was designed to …
Woman suicide bomber kills 10, wounds Sri Lanka army chief
Apr. 25 (AFP) - A Tamil Tiger suicide bomber pretending to be pregnant blew herself up Tuesday seriously wounding Sri Lanka's army chief and killing 10 others, …
Suicide bombing blow to peace bid: monitors
Apr. 25 (AFP) - A suicide bombing aimed at Sri Lanka's army chief was "another serious blow" for a fragile ceasefire and attempts to broker peace between the …
Blasts heard in Sri Lanka rebel territory after suicide attack
Apr. 25 (AFP) - Loud explosions were heard in rebel-held parts of Sri Lanka Tuesday after the government accused Tamil Tiger guerrillas of a suicide bombing …
Sri Lankan troops kill two Tiger suspects amid new tensions
Apr.24 (AFP) - Sri Lankan troops shot dead two men who were trying to set up a Claymore mine Monday intended for security forces in the island's east, a …
Jackpot
PARIS, Apr.24 (AFP) - While governments and consumers weep over the rise and rise of fuel prices, oil companies are rubbing their hands in glee. Last year the …