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Boom in NE development activities:

Bank lendings see marked rise

There has been a marked rise in bank lendings with many economic activities starting in the Northern province and banks expanding their branch networks. Majority of the banks responded commendably in setting up branches in the Northern province, Central Bank’s Bank Supervision Director Y P Fernando said.

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Lanka open for business - Governor

USA hosts Asia Society discussion:

The Sri Lankan Embassy in the USA hosted an Asia Society Ambassadors Series discussion on Sri Lanka’s economy, tourism and reconciliation with Central Bank Governor Ajith Nivard Cabraal recently.

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Laugfs working on deal with Shell

 Laugfs Holding Limited is currently working on the deal with Shell Gas to acquire the ownership of its LPG business here. “We are having discussions with Shell and our representative is in England.

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Shell recently announced that it is in discussions with third parties as part of a review of ownership options for most of the company’s liquefied petroleum gas (LPG) businesses. The scope of the review is the Shell Gas (LPG) businesses in France, Belgium, Netherlands, Luxembourg, Denmark, Finland, Sweden, Norway, Hungary, Poland, United Kingdom, Malaysia, Pakistan, Sri Lanka, Philippines, Singapore and Argentina. This review is consistent with Shell’s strategy to concentrate its global Downstream footprint on a smaller number of assets and markets. Here workers at the Shell filling plant in Sri Lanka. ANCL file photo

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