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August 18, 2023
Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..
February 17, 2022
Sri Lankas Ceylon Petroleum Corporation has sought a price hike or tax reduction to cut losses, and sell fuel at cost, reports said.
October 12, 2021
Sri Lankas state-run Ceylon Petroleum Corporation is losing money as global energy prices go up, despite an earlier increase in prices, officials said as the rupee also fell amid money printing.
July 5, 2021
Forex Crisis, Plea For Calmness In National Interest, And Need For Getting IMF-Driven Bailout Plea for calmness in national interest In the wake of Sri Lanka’s foreign exchange crisis graduating from ‘acute’ to ‘severely acute’, the Central Bank Governor Deshamanya Professor W.D. Lakshman has appealed for calmness which everyone should do in his view in national interest. Reiterating the Government’s commitment to meet all foreign exchange liabilities on time, he has blamed the spec...