Lanka not likely to pay huge compensation:
Petroleum Industries Minister Susil Premajayantha said Sri Lanka was not likely to pay the huge compensation of US$ 261 million or the equivalent of over Rs. 30 billion demanded by three foreign banks for the abrogation of the controversial hedging deal with the CPC.
Lanka should not compete with China and India November 19, 2010, 5:09 pm Sri Lanka's export sector is still struggling to recover as it depends on traditional markets of the west.