All Blogs
Renewed Deal
February, 15 (LBO) – Sri Lanka is to shortly unveil a new tiered tariff framework for renewable energy suppliers giving existing mini-hydros windfall sweeteners to change-over, officials said. Sri Lanka would be offering cost-based technology-specific and three-tiered tariffs for mini-hydro, biomass and wind energy. Mini-hydro standardized power purchase agreements already signed with the Ceylon Electricity […]
Hedge Start
Feb 14, 2007 (LBO) – Sri Lanka has stepped into the murky world of futures and options by hedging part of its future oil payments for March, Ceylon Petroleum Corporation Chairman said Wednesday.The national oil company signed off an option collar for 150,000 barrels of oil at a strike price of 70 dollars with Standard […]
Mango Friends
February 14 (LBO) – Former tourism Anura Bandaranaike may come back to the government with the aviation portfolio, a senior government minister said. vimasuma.com Newsdesk Updated . Bandaranaike Wednesday met President Rajapakse in the company of Minister Dinesh Gunewardene and Western Province Governor Alavi Moulana a spokesman from the presidential secretariat said. The meeting was […]
Easy Customs
Feb 14 (LBO) – Traders and businessmen could easily navigate through Sri Lanka’s plethora of taxes and customs regulations, through a single searchable database being rolled out for public use in March, officials said. The new database will hold all of the country’s customs regulations, related laws, taxes and other levies as well as preferential […]
Dravid helps India level Sri Lanka series
GOA, India, Feb 14, 2007 (AFP) – Rahul Dravid became the sixth batsman in history to reach 10,000 one-day runs as he steered India to a series-levelling five-wicket win over Sri Lanka on Wednesday. Dilshan and Arnold rebuilt again in the middle overs before Harbhajan had Dilshan caught at the wicket in the 42nd over […]
Five killed as British minister tours Sri Lanka
Feb 14, 2007 (AFP) – Three rebels, a policeman and a security guard were killed in Sri Lanka’s restive eastern province Wednesday as Britain’s junior foreign minister Kim Howells toured projects in the area funded by the former colonial power.Security forces killed three Tiger rebels during clashes across eastern Amapara district which also claimed the […]
‘s visit
Feb 14, 2007 (AFP) – A blast in Sri Lanka’s east hurt 12 people ahead of a visit to the region by Britain’s junior foreign minister Kim Howells on Wednesday to assess projects funded by the former colonial power.More than 60,000 people have been killed in the conflict. A van carrying 15 civilians hit a […]
Hydro Cash
February 14 (LBO) – Sri Lanka’s national power utility has raised the tariff for existing mini-hydro plants by about 19 percent during the crucial wet season, when most of the power is generated. Colombo Stock Exchange has two listed mini-hydro plants, Vallibel Power Eratne and Vidullanka, whose margins are expected to improve with the new […]
IEA raises oil demand forecast for 2007
PARIS, Feb 13, 2007 (AFP) – The International Energy Agency raised its 2007 world oil demand estimates on Tuesday, saying that consumption has dropped in industrialised countries for the first time for two decades but was rising strongly in emerging economies such as China. Demand in countries outside the OECD industrialised nations would be 3.2 […]
Spam Slam
SINGAPORE, Feb 13, 2007 (AFP) – Email spammers will face new controls on their unsolicited advertising under proposed legislation introduced by Singapore. The draft Spam Control Act aims to control the electronic commercial messages sent in bulk by email or to mobile phones, according to the bill seen on Tuesday. It was introduced to parliament […]