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Message: <blockquote data-quote="sitharaJAYA" data-source="post: 11372731" data-attributes="member: 1830">Asia’s debacle in the making! While the Govt. is acquiring loss incurring private enterprises, the Petroleum Corporation an enterprise under the Govt. has recorded a colossal loss of Rs. 26, 922 million ! just for last year alone, State Enterprises Dept. revealed .According to the latest reports of this Dept. this loss has engendered a financial constraint diminishing the Corporation’s working capital by 49% .By supplying ignition oil to Ceylon Electricity Board (CEB) , another Govt. white elephant , and other private power supply Institutions at concessionary rates , the CPC had incurred heavy losses. The loss suffered is to the tune of Rs. 20074 million !The report also states that a loss of Rs. 10, 236 million has been faced owing to supply of fuel to meet the necessities of low income family members. </blockquote>

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