UK VISA APPLICANT ARRESTED FOR FRAUD : High Commission
May 26, 2015 (LBO)- Sri Lanka's British High Commission urged visa applicants to be honest in their applications, a statement said. buy doxycycline online …
Sri Lanka’s Fitch Revises Pan Asia Banking’s Outlook to Negative; Affirms at ‘BBB(lka)’
May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC's outlook to negative from stable due to …
Shangri-La launches 500mn US dollar luxury apartments and office complex project in Colombo
May 22, 2015 (LBO) - Hong Kong based Shangri La Hotels and Resorts, a property developer and hotel group launches 500 million US dollars of exclusive …
Sri Lanka’s private sector credit to grow further: Monetary Policy Review – May 2015
May 22, 2015 (LBO) – Sri Lanka’s Central Bank said, that private sector credit would expand in the period ahead given the low interest rate regime. …
Sri Lanka Chevron Lubricants net up 20-pct
July 28, 2014 (LBO) - Sri Lanka's Chevron Lubricants said profits rose 20 percent to 675 million rupees in the June 2014 quarter from a year earlier helped by …
Way Cleared
May 28, 2013 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation has re-started its 50,000 barrels per day refinery after a crude carrier started …
Unhedged
Nov 02, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation has lost a 60 million dollar arbitration claim over oil derivatives against Deutsche …
Transparent Pricing
Sept 05, 2012 (LBO) - Indian Oil Corporation's Sri Lanka unit, Lanka IOC has called for a pricing formula for retail fuels which keeps parity with import …
Break Even
May 16, 2012 (LBO) - Lanka IOC, a unit of Indian Oil Corporation made profits of 41 million rupees in the March 2012 quarter, recovering from a 111 million …
Burning Loss
Mar 03, 2012 (LBO) - Giving subsidized furnace oil to a state-run power utility was the main main source of losses at a petroleum utility, while the private …
Buck Stops
Mar 10, 2011 (LBO) - Most of the loss of Ceylon Petroleum Corporation, Sri Lanka's state-run petroleum retailer is due to subsidized sale of furnace oil to a …
UN View
GENEVA, December 4, 2009 (AFP) - The UN refugee agency said on Friday that it was encouraged by "increased freedom of movement" for war-displaced civilians in …
Volatile Labour
Oct 25, 2009 (LBO) - Workers at Sri Lanka's state-owned oil refiner said they plan to resume normal work Monday, ending a four-day work-to-rule action that …
Volatile Prices
April 30, 2009 (LBO) - Sri Lanka's two liquid petroleum gas suppliers, a unit of multinational Shell Gas, and the locally owned Laugfs Gas, said they will …
Volatile Pricing
Jan 01, 2009 (LBO) - Shell Gas Lanka, the Sri Lankan unit of the Shell multinational, said a new government tax and its inability to buy locally made liquid …
Volatile Price
Dec 24, 2008 (LBO) - The Sri Lanka unit of the Indian Oil Corporation, which slashed petrol prices in response to a Supreme Court order, raised the retail …
Tricky Position
Nov 28, 2008 (LBO) - Sri Lanka's supreme court said petroleum minister A H M Fowzie should be removed, in a case where controversial oil hedges by a state-run …
Zero Sum
Nov 11, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation is looking at ways to cap losses from hedges that went against it by entering …
Unstable Policy
Nov 08, 2008 (LBO) – Sri Lanka has defended state manipulation of fuel prices which has de-stabilized the economy, brought high inflation and endangered …
Time Travel
EW YORK, October 22, 2008 (AFP) - Crude oil prices careened lower Wednesday after surging US energy reserves highlighted falling demand in a cooling global …