Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) is to be re-organized aimed at making it a more profit-making and vibrant venture eliminating irregularities, waste and massive financial losses, Minister of Petroleum Resources Susil Premjayantha said.

"I believe the local stockbroking industry is over-crowded when considering the present stock market penetration in Sri Lanka. The number of active stock market investors in Sri Lanka has still not reached even a growth stage with the penetration still at a very nascent level," Chamikara Gunawardane, Director Invstoreye Ltd, a private research company, noted to the Business Times.