Crisis over oil hedging deals
Two separate oil hedging deals between the Ceylon Petroleum Corporation (CPC) and Standard Chartered Bank (SCB) and CitiBank have gone wrong and about US$ 30 million was not paid by the CPC when the deadline (for the October payment) ended on Friday, informed sources said.
Price hikes on scores of items soon

A range of taxes announced in Thursday’s budget proposals will lead to price increases on a variety of essential items, an investigation by The Sunday Times has revealed. The tax increase, which will see a further escalation in the cost of living, will lead to price hikes on milk powder, dhal, onions, potatoes, sugar, wheat flour, clothing, fans, television sets and school stationery.

Other News Articles
Crisis over oil hedging deals
Price hikes on scores of items soon
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Eppawala project may draw criticism again
Promises not kept in Budget, say public sector unions
The ordeals of the farmer
Drunken cops assault 17-year-old student

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