Tag: lbo
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 […]
Sri Lanka vows to share power with Tamils despite assassination
Sri Lanka’s President Chandrika Kumaratunga vowed to press ahead with a plan to share power with minority Tamils despite the assassination of her foreign minister by suspected Tamil rebels.Sri Lanka’s President Chandrika Kumaratunga vowed to press ahead with a plan to share power with minority Tamils despite the assassination of her foreign minister by suspected […]
Digging Deep
Sri Lanka’s first bidding round offering potential blocks in the Mannar Basin for oil exploration could kick off as early as October this year. Sri Lanka’s first bidding round offering potential blocks in the Mannar Basin for oil exploration could kick off as early as October this year. “We plan to hold the road show […]
Mobs pull down flags honouring slain Sri Lankan minister
United Nations flags at half mast were pulled down at offices in Sri Lanka’s rebel-held north Monday by mobs opposed to the show of respect for slain Foreign Minister Lakshman Kadirgamar, a UN official said.United Nations flags at half mast were pulled down at offices in Sri Lanka’s rebel-held north Monday by mobs opposed to […]