More bidders for Mannar basin
After natural gas discovery :
The discovery of natural gas will bring along
many economic and social benefits to Sri Lanka where high calibre
bidders could be attracted for the remaining five blocks. The
discovery through the first block drilling is a positive sign for
future bidders, Petroleum Industries Minister Susil Premjayantha
told Daily News Business.
CRIB takes credit reporting to new realm
The Credit Information Bureau of Sri Lanka
brought the stakeholders of the banking and finance industry
together in a landmark event seeking to build a better credit regime
in the country with special emphasis on accurate credit reporting.
The symposium held at Hilton Hotel and included credit specialists
from the region who shared the experience of their own countries in
building a better bridge with lending institutions and borrowers.
Laugfs Group profit soars
The financial performance of Laugfs Gas PLC for
the period under review is very impressive and the physical growth
achieved in terms of sales is phenomenal. Laugfs Group has earned a
profit before tax of Rs 1.0 billion for the financial year ended
March 31, 2011 and it was a significant growth of 79% compared to
the previous year?s operational results. The profit after tax (PAT)
for the same period ended March 31, 2011 for the Group was Rs 852
million and this is an increase of 61% over the previous year.