Hard Facts
WASHINGTON, Oct 3, 2006 (AFP) - The low-cost allure of emerging economies for Western companies is overdone once the meagre productivity of their workers is …
WASHINGTON, Oct 3, 2006 (AFP) - The low-cost allure of emerging economies for Western companies is overdone once the meagre productivity of their workers is …
September 30, 2006 (LBO) -- Ceylon Petroleum Corp. (CPC) Chairman Jaliya Medagama resigned Saturday citing personal reasons. Medagama will be succeeded by …
Sept 28, 2006 (LBO) - Sri Lanka should hedge oil prices to mitigate negative effects on the economy, by entering into contracts with foreign banks, the …
Sept 27, 2006 (LBO) – India's Oil and Natural Gas Corp and British Gas have bought up seismic data on potential oil deposits off Sri Lanka’s west …
Sept 27 (LBO) – Sri Lanka's state oil giant Ceypetco dropped fuel prices on Wednesday to appease trade unions, but has been helped by falling world …
September 26, 2006 (LBO) – Lanka IOCs share prices perked up Tuesday after the Indian fuel retailer announced plans to ink a deal next week, which …
SINGAPORE, Sept 25, 2006 (AFP) - Oil prices fell back below 60 dollars in Asian trade Monday to their lowest level in six months, before regaining some ground, …
SINGAPORE, September 19, 2006 (LBO) – Sri Lanka said Tuesday it was moving towards eliminating oil subsidies that are threatening to blow a hole in the …
SINGAPORE, September 16, 2006 (LBO) – Japan has come forward to help Sri Lanka expand its energy mix, with financial backing to build a liquefied natural …
Sept 15 (LBO) – Lanka Indian Oil Corp., will drop fuel prices again from Friday to recover a 50 percent loss in volumes due to price wars with Sri …
Sept 14 (LBO) – Sri Lanka is looking at oil futures to hedge against increasing crude prices and control the island’s runway oil bill next year, …
Sept 11, 2006 (LBO) – Oil will feature high on the agenda when Commonwealth finance ministers meet in Colombo, with delegates due to share ideas on how …
Sept 04 (LBO) - The government has shelved a bidding round for oil exploration until it sorts out a battle with Norwegian company TGS Nopec to buy up three …
Sept 04 (LBO) - Ceylon Petroleum Corporation said Monday that it would jack up fuel prices with effect from midnight Monday, to offset losses made by the state …
August 30, 2006 (LBO) – Dominant lubricant supplier Caltex Lanka Ltd is expecting a marginal drop in volumes this year as intensified fighting in the …
August 30, 2006 (LBO) – The Asian Development Bank has dropped the second loan installment due to Sri Lanka, as the government is reluctant to push ahead …
August 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd reported a net loss of 584.0 million rupees for the three months to June on Tuesday, citing …
August 28, 2006 (LBO) – Just over ten foreign and local firms put in bids for a license to market lubricants in Sri Lanka, when offers closed on Monday, …
August 28, 2006 (LBO) – Sri Lanka is trying to terminate an agreement with Norwegian survey company TGS Nopec and buy up three years worth of seismic …
August 18 (LBO) – Mysterious grenade attacks and pricing problems have pushed down sales of the Sri Lankan subsidiary of Indian Oil Corporation, with the …