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Tuesday, 9 July 2013

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Ceylan Energy, Sri Lanka’s first oil company launched

Sri Lanka’s first and only oil and gas exploration and production company, Ceylan Energy was launched yesterday. Ceylan Energy brings together some of Sri Lanka’s leading oil and gas professionals who are committed to maximising the island’s resources and developing its energy industry.

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Growth in reserve, broad money decelerate

The growth in both reserve money and broad money decelerated during the first four months of 2013, Finance Ministry data reveal. The year-on-year growth in the reserve money was 11.4 percent in April 2013. The broad money (M2b) grew by a moderate rate of 15.2 percent in April 2013 on a year on year basis, continuing the overall monetary expansion at the levels expected in the Monetary Programme for 2013.

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Magampura Port to begin bunkering in August

The bunkering operation of the Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) will commence next month and several ventures have already given boost to the operation.

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CEAT has entered the ‘big league’ in the radial segment with the launch of an all new range of international Truck and Bus Radial tyres (TBRs) for the domestic market.These tyres are manufactured in China to CEAT specifications. Here top CEAT dealers examine an Altura Truck and Bus Radial at the launch of the new range.



 
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