Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its debts, a trio of sources told Reuters on Monday. MORE..
Lanka IOC (LIOC), IndianOil s subsidiary in Sri Lanka, has also decided to limit dispensing fuel volumes for vehicles at filling stations, in line with the Ceylon Petroleum Corporation s move following the recent fuel price hike. MORE..