News

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
CPC pours out its troubles
Karuna gets Army to screen cadres
Tea brokers await bailout money
Kandy kidnap: Boy rescued in ten-hour police operation
Ministry refuses to recognise Trinity principal’s signature
Global meltdown hits Puttalam factory: 350 workers lose jobs
Melamine net widens to fish feed also
Live telecast on new media rules cropped
Woman found guilty of stealing sister’s Kuwait compensation
Fuel price cut insufficient to reduce fares – operators
Embilitiya paper factory staff without pay; mills remain closed
ICRC will distribute Indian aid
L.C. Seneviratne felicitation at Cinnamon Grand
Monsoon adds to woes of Wanni displaced
Odds and Ends
Ranil reiterates UNP stand on terrorism
Lanka signs MoU with UN for slum upgrading
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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