And Counting….
The Lanka IOC issue had attracted more than Rs. 24 bn, or more than 1 percent of GDP, even before all the postal and regional stock exchange applications were …
Petroleum
Oil Dollars
Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration.buy …
Power Politics
The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility. online …
Drawing Power
Sri Lanka’s power demand peaked at a new high of 1559.9 MW last night, as people plugged in to watch and listen with bated breath to the government’s …
Begging Success
Giving a brief respite to the cash-strapped government, Malaysian State Oil Company Petronas has agreed to defer crude oil payments for up to six months to …
Cold Thoughts
Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn loss for the first nine …
Soothing Oil
India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months. buy stendra …
Strike Out
The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale …
Powerful Undercurrents
The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to …
High Time
A top bureaucrat said the utilities regulator already set up will be made fully operational next year. A top bureaucrat said the utilities regulator already …
Playing Safe
Sri Lanka's foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy to hedge its crude …
Fuel Vouchers
Lanka IOC is opting for a book building process to raise up to Rs. buy antabuse online …
Gas Auction
Shell Sri Lanka is gearing up for a due diligence of local operations, falling in line with parent plans to sell off its global LPG business, and grow its hunt …
Boiling Point
A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in three …
Swedish Aid
The Swedish Government pitched in with a US$ 20 mn loan on Friday to light up villages, as well as small and medium industries in rural Sri Lanka. online …
Changing Tracks
Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year. online …
Gas Leak
Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase. buy …
Filling Up
Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a US$ 150 mn credit line. …
Going Thermal
With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than it did six …
Rude Shock
Sri Lanka hikes prices for diesel and petrol, to ease the strain on the government coffers, as world crude prices keep steady at US$ 48 per barrel. Sri Lanka …