“We are seeing a reduction on the horizon and that is not because of the sector’s ability to deliver to the customer but more because of the customer seeing the country as risk; so to de-risk what they have in Sri Lanka,” Yohan Lawrence, Secretary General of Joint Apparel Ass...
Over several years before the latest currency crisis, banks and borrowed dollars and also used customers customer deposits to give loans to the to the government, through Sri Lanka Development Bonds and other credits to state enterprises, including the Ceylon Petroleum Corporation. The government has ...
ECONOMYNEXT – Lanka IOC, a unit of Indian Oil Corporation has reported profits of 2,120.2 million rupees in the December 2024 quarter, down 30 percent from a year earlier, as revenue fall outpaced the decline in the cost of sales in the same quarter a year ago, interim account s...
The site also aggregated Google News and Google Blog Search articles about each corporation like US Dollar to Sri Lankan Rupee, though links were not screened and often deemed untrustworthy. USD to LKR Google Finance USD to LKR OANDA As a global leader in corporate FX solutions, OANDA ...
Sri Lanka has already given some tanks to Indian Oil Corporation for their exclusive use and 24 tanks have been retained by Ceylon Petroleum Corporation. Sri Lanka this month also inked a deal for China’s Sinopec to build a 200,000 barrels per day refinery. (Colombo/Jan20/2025) ...