The Ceylon Petroleum Corporation (CPC) will lose about Rs. 25 billion in the coming 12 months at current rates, if it does not adjust the commission paid to gas station owners, Education Secretary of the Frontline Socialist Party (FSP), Pubudu Jagoda, told The Island yesterday.Jagoda said that the CPC made losses, mainly due to the […]
By Sanath Nanayakkare The Staff-Level Agreement on an Extended Fund Facility (EFF) arrangement worth USD 2.9 billion for Sri Lanka would serve as a credible device in its negotiations with multiple creditors for receiving financing assurances to make its debt restructuring process a success, but the country had to move expeditiously with all other good-faith […]
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