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DateLine Tuesday, 11 November 2008

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Security: Troops regain Kiranchi ...        Political: Govt. rules out CFA, talks ...       Business: CPC to restructure hedging ...        Sports: India wins fourth test, clinches series 2-0 ...

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Negotiating with banks to mitigate losses:

CPC to restructure hedging

Ceylon Petroleum Corporation (CPC) will restructure the hedging arrangements with all banks that have entered into hedging arrangements to mitigate losses arising from lower crude oil prices in the global market, its Chairman Asantha de Mel said.

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Kaluthota Finance added to crooked list

Central Bank has named Kaluthota Finance as an unauthorised financial institution adding to its list of unlicensed finance companies. Central Bank has named Kaluthota Finance as an unauthorised financial institution adding to its list of unlicensed finance companies.

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Budget 2009, another milestone

The budget 2009 is another milestone to help expand our capacity to grow while facing the new challenges faced by the world crisis, said Deputy Secretary to the Treasury, Ministry of Finance and planning R. A. Jayatissa.

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Chairman CPC Ashantha de Mel gestures while CEO Standard Chartered Bank Clive Haswell, CEO of Citi Bank Dennis Hussey and Managing Director Com Bank, Amitha Gooneratne look on at the press conference yesterday.
Picture by Sumanachandra Ariyawansa



 

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