Colombo Port City: 63% of 269 hectares land filling completed

Land filling of the Colombo Port City is to be completed by the first quarter of next year and already 63 per cent of the 269 hectares of land that would constitute the Port City has already been reclaimed. According to Thulci Aluwihare, Head of Strategy and Business Development, for the project company, the project [...]

Sri Lanka SME policy work takes off within a short time of national launch

Implementation of Sri Lanka’s first national SME strategy began today, January 12 as the government moved a top global private advisory firm to lead the process. Interestingly, the implementation of Lankan SME policy is starting – with a huge Rs 3.8 Mn pilot project – in a very short time from its initial national launch [...]

CAL at the forefront Sri Lanka’s Capital Markets in 2017

Sri Lanka’s investment banking firm and the preferred partner in financial markets, Capital Alliance Partners Limited (CAL), enters the year 2018 on a high note. Having sealed a number of transactions across all 3 business verticals in Debt Capital Markets, Equity Capital Markets and Mergers & Acquisitions (M&A) advisory, CAL consolidated its dominance as the [...]

National Development Bank launches new generation of Cash Recycling Machines

In keeping with the Bank’s strategy to provide customers with first-class millennial banking experiences, National Development Bank PLC launched a new generation of Cash Recycling Machines (CRM), of which the maiden CRM was deployed at Hemas Hospitals, Wattala and plans to roll out the same in many other identified locations during this year. NDB has [...]

Mercedes Benz cars, millions of cash prizes with ‘Mobitel Cash Bonanza 2018’

Commencing the New Year with exciting news for its customers, Mobitel has renewed its popular ‘Cash Bonanza’ programme for Year 2018. Mobitel Cash Bonanza is being re-launched in the New Year with more valuable prizes. The 2018 Cash Bonanza promotion will give away Mercedes Benz cars and moreover, loyal and lucky Mobitel customers are eligible [...]

Browns shines at National Business Excellence Awards 2017

Brown and Company PLC (Browns) emerged Runners Up under the Trading category at the National Business Excellence Awards 2017, hosted by the National Chamber of Commerce. The 14th Edition of the National Business Excellence Awards, which recognizes corporates who have excelled in business, was held on December 13that the Hilton, Colombo. Browns Group Chief Financial [...]

Offloading of a semi-submersible oil rig in Sri Lanka completed

Hayleys Energy Services, the pioneer in Oil and Gas support services in Sri Lanka, announced that it had successfully completed the offloading of the Semi-Submersible oil rig Olinda Star at the Trincomalee Port Anchorage recently. This deep-water rig is capable of drilling at water depths of up to 3,600 feet and has a drilling depth [...]

Regional Container Line (RCL) begins Colombo-Tuticorin New Feeder Service

Regional Container Line (RCL) has commenced a new twice weekly feeder service connecting Colombo with Tuticorin, the second largest port in Tamil Nadu state, India. MV CHARLIE with the capacity of 1,730 TEUs will be deployed under ‘RCL Tuticorin Colombo’ service (RTC) by RCL. The vessel will shuttle between Colombo/Tuticorin/Colombo and will call Jaya Container Terminal (JCT) on Mondays and Fridays at Port of Colombo. The container carrier MV Charlie [...]

Russia vows for higher trade ties with Sri Lanka

The Russian Federation revealed that its historic longing for Ceylon Tea has not wavered and even vowed for bigger trade with Sri Lanka, calling to despatch a strong delegation to the trade meet scheduled in Moscow this year. “Yes, we imposed a ban on Ceylon Tea, but it has nothing to do with our asbestos [...]

LVL Energy Fund begins trading, marks listing shares at CSE

LVL Energy Fund Limited (LVEF) rang the opening bell to commence trading and celebrate the listing of its shares at the Colombo Stock Exchange (CSE) today, January 9. The listing follows a successful Initial Public Offering by the company, through which it raised Rs. 1.2 billion through a 120 million share issue. Director/CEO of LVL [...]

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