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BUSINESS

IIP up by 0.5% in February 2018

The Index of industrial production (IIP) increased by 0.5% in the month of February, 2018 compared to the same month in 2017, Director General, Department of Census and Statistics, Dr. A. J. Satharasinghe said.   IIP reported for the month of February 2018 and 2017 were 103.9 and 103.4 respectively. …

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CPC fuel prices to increase ?

Ceylon Petroleum Corp (CPC) is under pressure to raise fuel prices as the refiner incurred huge losses this year, cabinet spokesman Rajitha Senaratne said on Wednesday. The CPC incurred a loss of 9.9 billion rupees ($63.5 million) in the first two months of the year, a government document showed. “It …

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Liquor shops closed for New Year and Vesak

The Department of Excise says that all liquor shops in the island will be closed on April 13 and 14 due to the Sinhala and Tamil New Year. The liquor shops will also be closed on April 29 and 30 due to Vesak Poya. Meanwhile the Excise Department says that …

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Plant distribution for ‘Nekathata Pelayak’

The Primary Industries Ministry is planning to plant 100,000 TEJC mango plants island wide at the auspicious time when the Sinhala and Tamil New Year dawns. Titled ‘Nekathata Pelayak’, this will be part of a project to plant 100 million export crop plants this year. The distribution of the mango …

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SML Automotive Launches the All-New Jaguar E-PACE

, Sri Lanka: SML Frontier Automotive, sole agent of Jaguar and Land Rover (JLR) in Sri Lanka launched the E-PACE a five-seat compact SUV that packs the design and performance of a Jaguar sports car into a spacious, practical and connected all- wheel-drive vehicle. The compact SUV was launched at …

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Fuel price formula on the cards

A price revision of fuel distributed by the Ceylon Petroleum Corporation (CPC) is in the offing, according to highly placed government sources. The Indian oil company, Lanka IOC has already increased their prices to be on par with the world fuel price hikes. However, CPC prices have remained static for …

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