Grid Failure
Nov 15 (LBO) - Sri Lanka was blacked out for nearly two hours Wednesday as the national grid shut down during the even peak demand hour. online pharmacy buy …
Petroleum
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No Cash
Nov 07 (LBO) – Sri Lanka is to ask Reliance Industries of India and Petronas of Malaysia for extended credit on fuel purchases, to ease recent pressure …
Fiscal Fiasco
November 14, 2006 (LBO) – The massive fiscal cost and the subsequent body blow delivered to the economy of Sri Lanka by indiscriminate fuel subsidies …
Affordable Rides
October 25, 2006 (LBO) – Sri Lanka Wednesday cut retail fuel prices, to ease living costs and inflationary pressures, though the treasury still owes the …
Little Choice
October 10, 2006 (LBO) – Indian fuel retailer Lanka IOC is due to receive 5.16 billion rupees in cash and bonds from the government as settlement for …
Staying High
SINGAPORE, Oct 5, 2006 (AFP) - Oil prices rebounded in Asian trade Thursday, coming off near 8-month lows on continuing unrest in Nigeria and amid reports that …
Funny World
October 5, 2006 (LBO) – Sri Lanka Thursday cut retail fuel prices, but raised prices for alcohol and cigarettes, as the government disclosed plans to …
Big Plans
Oct 04, 2006 (LBO) – Sri Lanka will flag off two new power plants in Kerawalapitiya, at least one of them run to on liquefied natural gas. But the island …
Saudi Funds
October 03 (LBO) – Sri Lanka is in talks with Saudi Arabia to secure over 500 million dollars to expand the island’s oil refining capacity, with …
Hard Facts
WASHINGTON, Oct 3, 2006 (AFP) - The low-cost allure of emerging economies for Western companies is overdone once the meagre productivity of their workers is …
New Ball
September 30, 2006 (LBO) -- Ceylon Petroleum Corp. (CPC) Chairman Jaliya Medagama resigned Saturday citing personal reasons. Medagama will be succeeded by …
Hedge Advice
Sept 28, 2006 (LBO) - Sri Lanka should hedge oil prices to mitigate negative effects on the economy, by entering into contracts with foreign banks, the …
Precious Data
Sept 27, 2006 (LBO) – India's Oil and Natural Gas Corp and British Gas have bought up seismic data on potential oil deposits off Sri Lanka’s west …
Pricing Wars
Sept 27 (LBO) – Sri Lanka's state oil giant Ceypetco dropped fuel prices on Wednesday to appease trade unions, but has been helped by falling world …
Pending News
September 26, 2006 (LBO) – Lanka IOCs share prices perked up Tuesday after the Indian fuel retailer announced plans to ink a deal next week, which …
Oil Slump
SINGAPORE, Sept 25, 2006 (AFP) - Oil prices fell back below 60 dollars in Asian trade Monday to their lowest level in six months, before regaining some ground, …
Price Cushion
SINGAPORE, September 19, 2006 (LBO) – Sri Lanka said Tuesday it was moving towards eliminating oil subsidies that are threatening to blow a hole in the …
Japan Power
SINGAPORE, September 16, 2006 (LBO) – Japan has come forward to help Sri Lanka expand its energy mix, with financial backing to build a liquefied natural …
Tit for Tat
Sept 15 (LBO) – Lanka Indian Oil Corp., will drop fuel prices again from Friday to recover a 50 percent loss in volumes due to price wars with Sri …