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CPC to pay dealer commission only on restricted prices

The Ceylon Petroleum Corporation (CPC) will reinstate its 2018 policy of paying commission to Corporation Owned (CoDo) and Dealer Owned (DoDo) dealers only on cap prices of Rs. 162 per litre on Petrol 92 with immediate effect.

India plans to fix SL economic crisis by long-term investments

After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there to tackle socio- economic issues , Indian high commissioner to Sri Lanka Gopal Baglay disclosed. .

Russia pledges to further foster friendly relations with Sri Lanka

Russia has pledged to further develop traditionally friendly relations with Sri Lanka while fostering constructive bilateral cooperation in various spheres for the benefit of peoples of the two countries.

Acuity Knowledge Partners expands work force in Sri Lanka

Amidst the economic challenges which Sri Lanka continues to grapple with Acuity Knowledge Partners (Acuity), a leading provider of bespoke research, analytics and technology solutions to the financial services sector, is announcing plans to expand its workforce in the country and to enhance healthcare and remuneration benefits to its employees based in Colombo.

Govt reactivates Fuel Procurement Plan to streamline petroleum imports

The new administration headed by President Ranil Wickremesinghe is ready to reactivate the regular fuel procurement plan which was abandoned last year and introduce a fuel information management system along with the national fuel pass with QR code with effect from tomorrow, Energy Ministry sources disclosed.

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