Three foreign banks with offices in Colombo were
written to by the Central Bank last week calling for explanations on
matters identified during the ongoing preliminary investigation into
the oil hedging contracts between themselves and the Ceylon Petroleum
Corporation, authoritative official sources said yesterday.
The three banks addressed are the Standard Chartered Bank, Deutsche Bank and Citibank.
People standing on the roadside shower flower petals as the body of Hemant Karkare, the chief of Mumbai’s Anti-Terrorist Squad is taken for cremation in Mumbai, India, Saturday, Nov. 29, 2008. (AP )
JKH to pay out Rs.
2.2 bn. for share buy back this week
Cheques totaling Rs.2.2 billion will be mailed later this week from John Keells Holdings(JKH) to shareholders who have accepted its buy back offer at Rs.90 per share, JKH’s Deputy Chairman Ajit Gunawardena said yesterday.
SB eyes UNP deputy
"This will be done after a discussion with UNP leader Ranil Wickremesinghe", he said. He said that the UNP constitution will have to be amended to accommodate a new deputy leader as this slot was scrapped after the earlier incumbent Karu Jayasuriya stepped down. xxxxxxxx
move on cheaper fuel?
The court held that it was clear from the averments in the petition...