Sri Lanka fuel shortage to end on Nov. 9 – oil minister

By Shihar Aneez COLOMBO, Nov 6 : Sri Lanka’s fuel shortage will end on Nov. 9, Petroleum Minister Arjuna Ranatunga said on Monday, as state-run oil retailer Ceylon Petroleum Corporation (CPC) and Lanka IOC traded blame charges over the shortage. Thousands of Sri Lankan motorists formed long queues for fuel for a fourth straight day […]

UN says Sri Lanka’s delay in post-war reconciliation involves risks

By Ranga Sirilal COLOMBO, Oct 23 : Long delays in Sri Lanka’s post-war reconciliation is not without cost, and its government should implement measures to resolve outstanding issues, the United Nations said on Monday. President Maithripala Sirisena’s government in 2015 agreed with the U.N. to investigate alleged war crimes in the final phase of a […]

Sri Lanka in talks with two Chinese firms for $3 bln refinery

By Shihar Aneez COLOMBO, Sept 22 : Sri Lanka is in talks with two Chinese companies about investing up to $3 billion to build in a new refinery at its Chinese-controlled port, a top government official said on Friday. Sri Lanka wants to build a new refinery in its southern Hambantota port, where China Merchants […]

Sri Lanka emerging as transit hub for cocaine smugglers – officials

By Shihar Aneez and Ranga Sirilal COLOMBO, Aug 31 : International cocaine smugglers are increasingly turning to Sri Lankan as a transit hub in Asia, authorities say, after they made a series of seizures of the drug, some smuggled in containers of sugar from Brazil. Sri Lankan customs have seized six shipments of high-purity South […]

Sri Lanka’s cabinet “clears port deal” after security concerns addressed

By Shihar Aneez COLOMBO, Jul 25 : Sri Lanka’s cabinet cleared a revised agreement for its Chinese-built southern port of Hambantota today, a spokesman said, after terms of the first pact sparked widespread public anger in the island nation. The port, close to the world’s busiest shipping lanes, has been mired in controversy ever since […]

TPG pulls out of SriLankan Airlines bid talks – airline chairman

By Ranga Sirilal COLOMBO, May 5 : US private equity firm TPG, one of three bidders short-listed to buy a 49 percent stake in state-owned SriLankan Airlines, has pulled out of talks about the potential acquisition, the chairman of the national carrier said. Sri Lanka has been looking to sell the minority stake in the […]