Full capacity refinery to save on fuel imports

The Government has decided to expand the Sapugaskanda oil refinery at a cost of Rs. 80 billion. CPC Chairman Ashantha de Mel told the Daily News that the move is aimed at cutting down the additional cost spent by the Corporation on importing finished fuel.

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Lanka calls for formal apology from ICJ

Peace Secretariat Chief Dr. Rajiva Wijesinha has urged the International Commission of Jurists (ICJ) to issue a formal apology for its false allegations.

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Navy foils escape bid of trapped LTTEers in East

THE Navy yesterday foiled an LTTE attempt to rescue its cadres trapped in the East killing six Sea Tigers and injuring several others. An LTTE boat was also completely destroyed in the attack launched after a Navy patrol detected two LTTE boats in the sea off Pulmodai early yesterday

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Editorial Page	Political	Security
Editorial: A commendable gesture Reparation for victims of civil war Towards a rice eating culture We are 60 years old more »	Chandrasekaran to disclose UNP-LTTE deal	LTTE terror: Silence of global community evidence for double standards - SCOPP Chief 3,600 litres of acid bound for uncleared areas seized One dead, two injured after clashes between two rival LTTE factions in Oslo more »

Business	World	Sport
Risk management solution for CPC Micro Car body shells from Cey-Nor Seven new BoI agreements signed more »	Afghan, Pakistan talks end with pledge to fight terrorism Central Asian powerhouses target West in summit More than 2,200 dead in flood-hit South Asia more »	Murali set to sue Bedi Bayliss arrives in the island Get consent before appointing SC more »

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Feel the pulse of Lankan women	Short Story: Renunciation	Daily News Poetry


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BUSINESS

Risk management solution for CPC

Citi, one of the first foreign banks to enter Sri Lanka since liberalisation, has structured a solution for Ceylon Petroleum Corporation (CPC) to manage its price volatility and to provide relief in prevailing market conditions for a part of its oil imports.

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