Better Late?

The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August. The Ceylon Electricity Board (CEB) is trying to increase its …

Power Surge

Fixed electricity prices could double after a Cabinet green light expected on Wednesday, to tide the thermal dependant Electricity Board through surging crude …

Clean Drink

Clean Drink

Sri Lanka signed up for a US$ 14.8 million loan from Korea to supply water to over 160,000 residents living in the southern coastal town of Galle. Sri Lanka …

Hot Potato

Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of payments, a top official …

Trip Switch

Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval. Developers of …

Petro Shock

Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs. 6.00 a litre to Rs. 80 and diesel up by Rs. 4.00 a litre to Rs. 50, just a month …

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 …

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 …

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 …

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. …

Ball Game

Laugfs Gas is seeking legal advice to raise prices on a cylinder of LPG, despite the consumer watchdog shooting down its request for a Rs. 110 increase. Laugfs …