Tag: lbo
Trade talks for controls on food aid can hurt aid dependent Sri Lanka
World trade talks on agriculture trade can reduce food aid to countries like Sri Lanka, warns the United Nations.World trade talks on agriculture trade can reduce food aid to countries like Sri Lanka, warns the United Nations. World Trade Organisation (WTO) countries are discussing new rules to govern the delivery of food aid, but the […]
Private donors pledge over half of US$ 2 bn in tsunami aid
The World Bank says over half of US$ 2 bn in tsunami aid pledges are from private donors, but warns better co-ordination is needed among aid agencies and 200 Non-Governmental groups. The World Bank says over half of US$ 2 bn in tsunami aid pledges are from private donors, but warns better co-ordination is needed […]
Deal Maker
State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds in 2006.State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds in 2006. […]
Tigers issue fresh warning as strikes grip Sri Lanka
Shops were closed and public transport ground to a halt in northern and eastern Sri Lanka Tuesday as Tamil Tiger rebels warned that the killing of a Tamil protestor could seriously undermine a three-year truce.Shops were closed and public transport ground to a halt in northern and eastern Sri Lanka Tuesday as Tamil Tiger rebels […]
Sri Lanka President under siege as protests mount from allies, opposition
Pressure mounted on Sri Lanka’s president as her key coalition ally Tuesday protested over a proposed deal with the Tamil Tigers on tsunami relief while the opposition scuttled a pledge to not demonstrate against the government while the country rebuilds.Pressure mounted on Sri Lanka’s president as her key coalition ally Tuesday protested over a proposed […]
Slippery Deals
The government is in the final stages of negotiation with a US based company interested in building a new oil refinery adjoining the one it operates on the outskirts of the capital.The government is in the final stages of negotiation with a US based company interested in building a new oil refinery adjoining the one […]
Japanese envoy to meet Sri Lankan, Tamil leadership on rebuilding funds
A Japanese special envoy is due to arrive here this week for talks with the Sri Lankan president and senior rebels on the risk of losing foreign aid by delaying the peace process, diplomats said Monday.A Japanese special envoy is due to arrive here this week for talks with the Sri Lankan president and senior […]
Partial Blackouts
Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants including AES Kelanitissa off the grid shortly, resulting in rotating blackouts around the island.Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants […]
Giving Up
Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will re-draw the reform plan.Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will […]
Backdoor Move
Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days ago, they say was shoved through the backdoor.Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days ago, they say was shoved through the backdoor. The Cabinet on Wednesday evening passed […]
Plugging Leaks
Ceypetco is pinning hopes on extended supplier credit from Malaysia and formula adjusted prices to plug a Rs.5.5 bn hole in the first 4 months this year.Ceypetco is pinning hopes on extended supplier credit from Malaysia and formula adjusted prices to plug a Rs. 5.5 bn hole in the first 4 months this year. The […]
Backfired
Largely JVP led unions refuse to consider an alternate reform model for the loss making Electricity Board, rejecting the new Cabinet paper that was passed on Wednesday.Largely JVP led unions refuse to consider an alternate reform model for the loss making Electricity Board, rejecting the new Cabinet paper that was passed on Wednesday. The now […]