Tag: lankabusinessonline
Electricity Hell
The CEB has re-issued its gazette announcement to increase electricity charges and has postponed the price increase.The CEB has re-issued its gazette announcement to increase electricity charges and has postponed the price increase. The increase in electricity fixed charges, that was due in August, will hit consumers from October 1, under a new gazette notice […]
Caution Ahead
As oil threatens to hurtle past US$ 70 a barrel, state oil giant Ceypetco is urging the government to raise prices, with its oil bill likely to shoot past US$ 1.4 billion this year. As oil threatens to hurtle past US$ 70 a barrel, state oil giant Ceypetco is urging the government to raise prices, […]
Anura Bandaranaike takes over as Foreign Minister
Minister Anura Bandaranaike took over as Sri Lanka’s new Minister of Foreign Affairs on Monday, replacing assassinated predecessor Lakshman Kadirgamar. Minister Anura Bandaranaike took over as Sri Lanka’s new Minister of Foreign Affairs on Monday, replacing assassinated predecessor Lakshman Kadirgamar. Bandaranaike, who is also President Chandrika Kumaratunga’s brother, took oaths on Monday evening.He will continue […]
PERC Jerk
Petroleum retailer Lanka IOC is negotiating with the Public Enterprise Reform Commission (PERC) which is contesting the company’s claim to a petroleum subsidy based on an agreed formula. Petroleum retailer Lanka IOC is negotiating with the Public Enterprise Reform Commission (PERC) which is contesting the company’s claim to a petroleum subsidy based on an agreed […]
Heat Wave
SINGAPORE, Aug 21 (AFP) – Asia’s oil-guzzling economies are bracing themselves for the worst as crude prices threaten to hit 70 dollars a barrel, stoking fears of slower growth, soaring inflation and rising interest rates. SINGAPORE, Aug 21 (AFP) – Asia’s oil-guzzling economies are bracing themselves for the worst as crude prices threaten to hit […]
Sri Lanka keen for early truce talks with Tamil rebels: Norway
Sri Lanka’s government is keen to have early talks to salvage a truce with Tamil Tiger rebels after both sides agreed to a review of the ceasefire, peacebroker Norway said Saturday.Sri Lanka’s government is keen to have early talks to salvage a truce with Tamil Tiger rebels after both sides agreed to a review of […]
Tigers agree to review Sri Lanka truce, emergency extended
Sri Lanka’s Tamil Tiger rebels have agreed to meet with the government and review their truce which was threatened following the assassination of the foreign minister, the BBC reported. Sri Lanka’s Tamil Tiger rebels have agreed to meet with the government and review their truce which was threatened following the assassination of the foreign minister, […]
Norway clinches breakthrough in Sri Lanka peace bid, talks soon
Sri Lanka’s Tamil Tiger rebels Friday agreed to lift a 30-month deadlock in the Norwegian-brokered peace bid and open face-to-face talks with the Colombo government to salvage their troubled truce.Sri Lanka’s Tamil Tiger rebels Friday agreed to lift a 30-month deadlock in the Norwegian-brokered peace bid and open face-to-face talks with the Colombo government to […]
Power Meeting
An agreement for Sri Lanka’s first coal power plant will be signed in China in end August. President Chandrika Bandaranaike Kumaratunga will sign an agreement for Sri Lanka’s first coal power plant during her visit to China in end August, said Cabinet spokesperson Nimal Siripala de Silva. The US$ 94,500 agreement will cover the first […]
Government wants review of enforcement aspects of cease fire agreement
The government of Sri Lanka wants to review enforcement aspects of the island’s cease fire agreement with Tamil insurgents. The government of Sri Lanka wants to review enforcement aspects of the island’s cease fire agreement with Tamil insurgents. Cabinet spokesman Nimal Siripala de Silva said on Thursday that President Chandrika Bandaranaike Kumaratunga had asked for […]
Sri Lanka to extend emergency as Norway holds talks on peace process
Sri Lanka’s president called for a month’s extension of a state of emergency to give police and troops greater powers to hunt down the assassins of the country’s foreign minister.Sri Lanka’s president called for a month’s extension of a state of emergency to give police and troops greater powers to hunt down the assassins of […]
Norway asked to tame Tigers to protect Sri Lankan ceasefire
Sri Lanka has asked peacebroker Norway to get Tamil rebels to accept new measures to safeguard a ceasefire threatened by the killing of the island’s foreign minister, an official source said Wednesday. Sri Lanka has asked peacebroker Norway to get Tamil rebels to accept new measures to safeguard a ceasefire threatened by the killing of […]