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World oil price fall:
Formula for lower fuel prices soon
Global oil prices continue to tumble with current
levels the lowest in over a decade. But Sri Lankans may have to wait
longer to benefit. Ceylon Petroleum Corporation Chairman, T. G.
Jayasinghe rules out immediate price cuts but promises a new pricing
formula early next year that could bring down prices.
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Biz community optimistic of development drive in 2016
The Sri Lankan business community is optimistic
that the new year, 2016, will be a source of strength to the
country’s development drive. New policies were introduced this year,
with the new government taking office and as such they were unable
to achieve the goals as expected, Secretary,
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Plantation Assn chief unable to consider wage increase
Chairman, Plantation Association of Ceylon (PA),
Roshan Rajadurai said that they are unable to consider a wage
increase under the current financial straits. This was in response
to the government’s warning that estates under the Regional
Plantation Companies,
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No pollution, say industrialists:
Environmentalists in Wayamba up in arms
Environmentalists in Wayamba said that all
appeals to save the province from the environmental disaster caused
by manufacturing companies have fallen on deaf ears and that there
would be a major uprising worse than Rathupaswela, if the
authorities fail to intervene soon to address the issue.
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