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Gaining Steam
Shell Global, pitching for Liquefied Natural Gas (LNG) for Sri Lanka’s long-term fuel needs, met with local officials and a vocal coal lobby while in Colombo last week.Shell Global, pitching for Liquefied Natural Gas (LNG) for Sri Lanka’s long-term fuel needs, met with local officials and a vocal coal lobby while in Colombo last week. […]
Holding Off
Crucial talks between Ceypetco unions and the President over plans for a third player in the retail petroleum sector was put off until Wednesday.Crucial talks between Ceypetco unions and the President over plans for a third player in the retail petroleum sector was put off until Wednesday. Unions suspended a lightning strike last week that […]
Warning Signals
A day ahead of crucial talks with Ceypetco unions, government officials say that plans for a third player to foster competition will have to go ahead.A day ahead of crucial talks with Ceypetco unions, government officials say that plans for a third player to foster competition will have to go ahead. “We can enhance the […]
Treasury Secretary dismisses speculations of exchange control limits, says rupee to stabilise at 102 to the US dollar
Treasury Secretary Dr. P B Jayasundara dismissed market talk of exchange control limits, saying that foreign inflows are on target to stabilise rupee at 102 to the US dollar. Treasury Secretary Dr. P B Jayasundara dismissed market talk of exchange control limits, saying that foreign inflows are on target to stabilise rupee at 102 to […]
Piece of Pie
The Ceylon Electricity Board is being unbundled into Strategic Business Units for six months, with top officials being appointed to head the units next week.The Ceylon Electricity Board is being unbundled into Strategic Business Units for six months, with top officials being appointed to head the units next week. “Next week, Chief Executive Officers of […]
Contrary to speculations, the government says foreign aid flows are on track with Sri Lanka receiving around US$ 165 mn so far this year.
Contrary to speculations, the government says foreign aid flows are on track with Sri Lanka receiving around US$ 165 mn so far this year.Contrary to speculations, the government says foreign aid flows are on track with Sri Lanka receiving around US$ 165 mn so far this year. The bulk of the funds have come from […]
Oiling The Palm
Government has subsidized fuel by almost Rs.6 billion in the first 7 months of this year with the highest subsidy coming in July of Rs.1.2 billion. Government has subsidized fuel by almost Rs. 6 billion in the first 7 months of this year with the highest subsidy coming in July of Rs. 1.2 billion. Continuing […]
Copper Fields
Processing copper scrap for export to India is big business here in Sri Lanka. Processing copper scrap for export to India is big business here in Sri Lanka. Half a dozen companies, with Indian investment, import copper scrap, melts them and reshapes them in to bars for re-export to India where it’s used as raw […]
Oven Fresh
Ceylon Biscuits will expand into a bakery line in a month, even as it makes inroads with Munchee into India, dusts off old plans to go public and seriously considers real estate.Ceylon Biscuits will expand into a bakery line in a month, even as it makes inroads with Munchee into India, dusts off old plans […]
VIP Trouble
Central Bank officials say they will prosecute directors of the failed Pramuka Savings and Development Bank (PSDB) which is being liquidated by the regulator.Central Bank officials say they will prosecute directors of the failed Pramuka Savings and Development Bank (PSDB) which is being liquidated by the regulator. The Attorney Generals department is currently examining provisions […]