Tag: lbo
Petro Regulation
Sept 11, 2012 – Petroleum products are expected to be brought under Sri Lanka’s multi sector utilities regulator which is already overseeing the power sector, from the beginning of 2013, with enabling legislation now being drawn up, officials said. PUCSL director general Damitha Kumarasinghe said the regulator would allow reasonable costs to suppliers but will […]
‘s ruling party sweeps local polls
Sept 9, 2012 (AFP) – Sri Lanka’s ruling party secured victory in three provincial council elections including one area ravaged by the island’s ethnic war that ended in 2009, according to results released on Sunday. President Mahinda Rajapakse’s United People’s Freedom Alliance (UPFA) swept the council polls in the north-central and central regions with near […]
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 prices a call that has been echoed by other economists and analysts. “It would help everyone if the Government of Sri Lanka could evolve a long-term pricing formula […]
Sri Lanka expects to commission 24MW power plant in Jaffna
Sept 04, 2012 (LBO) – Sri Lanka expects to connect a 24MegaWatt heavy fuel oil fired power plant to boost supply to the northern Jaffna peninsula by January 2013, the island’s power ministry said. The 4.0 billion rupees plant is designed and built for the Ceylon Electricity Board by Lakdhanavi, an affiliated firm. Three 8.6MW […]
India promises safety as Sri Lankans tourists attacked for second day in Tamil Nadu
Sept 04, 2012 (LBO) – India’s central government is taking measures to ensure the safety of visiting Sri Lankans to the country, an Indian foreign ministry spokesman has said as tourists were targeted by Tamil Nadu protestors for the second day. On Monday Sri Lanka issued a travel advisory asking citizens not to travel to […]
Market Eye
Sept 03, 2012 (LBO) – Lanka IOC, a unit of Indian Oil Corporation said it had exported 118. 6 million US dollars of ‘SERVO’ branded lubricants and was planning to boost foreign sales further in the current year. …[I]t has been decided to further expand our business to South-East Asian countries by appointingLube Distributors in […]
Akashi to push reconciliation, assess post war development
Aug 21, 2012 (LBO) – Japan’s special envoy to Sri Lanka Yasushi Akashi will arrive in the Island Tuesday on a five day visit to assess post war developments, the Japanese embassy in Colombo said. Sri Lanka faces a periodic review at the UN Human Rights Council in Geneva this November where the island’s human […]
Expert Help
Aug 17, 2012 (LBO) – Veteran Sri Lanka scientist in the petroleum industry, Dr Gamini Amarasekera has joined Laugfs Lubricants Limited as a consultant to improve its lubricant brand and services, the company releasing a statement said. Dr. Gamini Amarasekera holds a phD in Chemistry from Australia’s Swinburne University and is also a member of […]
Sri Lanka expands diplomatic ties in Latin America
Aug 16, 2012 (LBO) – Sri Lanka will start diplomatic relations with 13 Latin American countries, cabinet spokesman Keheliya Rambukwella said. “Promotion of diplomatic relations in a wide scale in this region will be another step forward in Sri Lanka’s foreign policy,” a cabinet paper said. Diplomatic relations will be established with Guatemala, Belize, Nicaragua, […]
Full implementation of LLRC action plan will benefit all citizens: US
August 02, 2012 (LBO) – The United States Thursday welcomed the release of Sri Lanka’s National Action Plan on the Lessons Learnt and Reconciliation Commission (LLRC) proposals saying its full implementation will help achieve reconciliation and long term peace. The post war commission appointed by President Mahinda Rajapaksa is seen as a home grown mechanism […]
Sri Lanka caught in Indian Ocean power struggle – scholar
July 31, 2012 (LBO) – Sri Lanka will inevitably be drawn in to power struggle for dominance in the Indian ocean as China increasingly seeks to extend its clout beyond its “traditional areas of operation into the Indian ocean,” a top US political scientist told a gathering in Colombo. Professor Sumit Ganguly, a renowned US […]
Sri Lanka briefs diplomats on LLRC action plan
July 31, 2012 (LBO) – Sri Lanka Tuesday briefed diplomats on the implementation of recommendations of a post war commission that looked into the root causes of the island’s ethnic conflict, ahead of a key UN human rights review later this year. External Affairs minister G.L. Peiris and secretary to the president Lalith Weeratunga has […]