Business Times

Sri Lanka loses race in hedging payments
Sri Lanka lost a crucial verdict in London vis-à-vis the Standard Chartered Bank case (SCB) for denied payments from the Ceylon Petroleum Corporation (CPC) over controversial oil hedging deals but political analysts say even more damaging was a statement by former SCB CEO in Colombo, Clive Haswell.
 
Elephants could stall C’Wealth Games bid

Sri Lanka could lose the bid for the Commonwealth Games if strong environmental activists’ concerns for about 200 elephants becoming endangered go unheard by the government, an expert said. SWITCH-Asia Project Director Srilal Miththapala said the government needs to manage these elephant ranges well that could then allow for development projects such as the Mattala Airport to get underway without any hindrance to wildlife in its environs.

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