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 Visiting Indian Oil Corporation Chairman Sarthak Behuria addressing the media in Colombo yesterday. He also launched two high performance fuel brands namely LankaMILE and LankaPREMIUM. Pictures by Wimal Karunatilake

LIOC to expand business in Lanka

Government agrees to pay Rs. 5.1 billion as subsidy

The visiting Chairman of Indian Oil Corporation Ltd., Sarthak Behuria yesterday said that Lanka IOC Ltd. and the Sri Lankan Government have been able to solve major issues with regard to marketing petroleum products in Sri Lanka and the two parties would soon ink a 'Settlement Agreement'.

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USD 2 billion for the taking for Lanka from BPO

Sri Lanka could gain USD 2 billion through the Business Process Outsourcing industry if the country could secure 1% of the BPO market in the next two to three years.

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Inland Revenue nets surplus

The Department of Inland Revenue has recorded Rs. 20,571 million revenue last month. This is a surplus of Rs. 2600 million compared to the monthly target.

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