Tuesday 26th February, 2008

 
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TODAY'S TOP STORY

 

CPC to produce cheaper domestic gas
Commencing April this year the Ceylon Petroleum Corporation will move into the domestic gas market retailing a cylinder at a much lesser price than the two private sector gas suppliers, Shell and Laugfs, which hold a monopoly now, Petroleum Resources Minister A. H. M. Fowzie said yesterday.
The two private sector monopolies keep increasing domestic LPG according to their whims and fancies inconveniencing the middle class and poorer sector of the population, he said.
The new venture will not import gas but use the by product at the Sapugaskanda Petroleum Refinery to manufacture LPG. Laufgs, too, buys the Sapugaskanda by-product to manufacture LPG.
 Full story
 

President Mahinda Rajapaksa felicitated nine senior Trade Union Leaders, Alavi Mowlana, K. A. E. Britto, James Kariyawasam, D. M. Jayasinghe, Wimalsiri de Mel, O. J. Ramiah, S. Siriwardena. P. L. S. Perera and M. S. Sellasamy who had served unions for over half a century, at a special function held at the Presidential Secretariat yesterday (25). The President emphasizes some points during his address to the TU leaders. Looking on is Labour Minister Mervin Silva. Pic by Kamal Bogoda

   NEWS
  • Big overseas demand for Yellow fin tuna
    Sri Lanka has reaped profits from the migratory yellow fin tuna fish exports during the past three years and an increase in the domestic price can be experienced in the coming months, as there was a high demand for it in the export market, Minster of Fisheries and Aquatic Resources Felix Perera told The Island yesterday (25).
     

  • Dance troupe on second leg of USA tour
    The cultural troupes, of the Sri Lanka Armed Forces, concluded their performances in aid of a housing project for the services personnel organized by a Sri Lankan association in USA and left for Washington last week.

    FEATURES
  • The Kosovo debate in Sri Lanka
    "An independent Kosovo, recognised by major Western powers, is in effect the first major fruit of the ideas behind R2P…Appropriately Kosovo’s emergence coincided with the establishment in New York of the Global Centre for the Responsibility to Protest…backed by the Canadian, British and Dutch governments, among others…The Organisation’s mission is the spread of R2P principles...An R2P generation is coming. The prising open of the world is slow work, but from Kosovo to Cuba it continues."
    BUSINESS
  • Ceylinco Insurance profits top Rs 1 bn in ’07
    Ceylinco Insurance PLC has created history once again, becoming the first insurance company in Sri Lanka to record an after tax profit of over Rs 1 Billion, a feat it achieved in the year ending December 31, 2007.
     
  • SLT achieves Rs.5.6 bn profit, 3.7% growth
    Integrated telecommunication services provider Sri Lanka Telecom PLC (SLT) reported an after tax group net profit of Rs.5.6 billion during the year 2007 compared to Rs.5.4billion of the previous year. The group has achieved a 3.7% growth despite the reduction of call and rental chargers of fixed lines and reduction of CDMA connection chargers during the year.
     

    SPORTS
  • D-day for Sri Lanka
    For Sri Lanka's cricketers, today's One-Day International against India at the Bellerieve Oval, here in Hobart is of utmost importance as they are trying to set a few things right. Not only will a win here end a disappointing losing streak, it will also help them to stay in the hunt for the best of three finals of the Commonwealth Bank Series.

    Muttiah Muralitharan is seen during training in Hobart, Australia, Monday, Feb. 25, 2008 ahead of their One Day International match against India.

    (AP Photo/Rob Griffith)

     

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