Financial Times

“Didn’t go for best hedging option” – CPC

The Ceylon Petroleum Corporation (CPC) this week rejected reports that it may default on payments to commercial banks on hedging contracts but said the hedging option was not the best one – a point raised in The Sunday Times stories last week.

 
Rising costs, economy hurt profits at Dialog
A combination of high interest rates, a local economic crisis and the need to provide low rates to the consumer has led to lower profits and lower share value for Sri Lanka’s biggest mobile operator which has a 53 % share of the market.
 
Other Financial Times Articles
“Didn’t go for best hedging option” – CPC
Rising costs, economy hurt profits at Dialog
Budget taxes will not raise prices of essential goods
Lanka IOC loses Rs 218 mln amidst heavy taxes, hedging
CBEU gets injunction against Seylan
The Sunday Times FT survey on best investment options
Hedging against oil futures
Dialog going thro’ tough times but says this is cyclical
CPC clearly understood the risks- SCB CEO
Colombo bourse dragged down after early gains
Inflation seen falling to 17-18% by December-CB
Marketers often underestimate consumers - study shows
‘G-nee’ provides info in a jiffy
Kuwait airline’s privatisation on track for April
Bussiness brief
Indian banks smug as banking crisis rolls past
Iraqis measure progress with flip of switch
Brazil to host biofuels meeting as crisis threatens industry
Oil trading slightly lower in Asia
U.S. bans melamine-tainted Chinese dairy products
INSEAD Leadership Summit discusses global financial crisis
YESL to recognise heroes of Sri Lanka’s economic success
Government sets up 64 ICT facility centres - Nenasalas - in the East
Affno e-Government showcased at GITEX
South Asia ready for Infrastructure Investment - MTI
Impact of the financial crisis on developing countries
MTD Walkers moves into global markets with new tea roller
Standard Chartered Bank launches FlySmiLes co-branded credit card
Private tea factory owners thank government
NComputing appoints Bartleet Electronics as distributor in Sri Lanka
Emirates struggling, half-year profits down 88%
Success through eco-friendly products
Tea traders say industry is bracing to meet challenges
World Bank says North-East projects progressing well
World’s most expensive Bone China tableware
Hemas holding strong against interest rates, lower rupee
Threats facing the garment industry
Impact of cess on agricultural commodities
Taxes taxing quality of life in Sri Lanka
Inland Revenue urges professionals to pay taxes
Taxation Commission to 'simplify' the tax structure
Tourism industry pleased with Budget

 

 

 
 
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