News & Events

  • Crescent Global brings Lloyd’s Insurance to Sri Lanka

    May 10th, 2016 By LBO
    Crescent Global brings Lloyd’s Insurance to Sri Lanka

    May 11, 2016 (LBO) – Crescent Global Insurance and Reinsurance Brokers are the first Lloyd’s of London broker to open office and invest in Sri Lanka, the company said. ‘Crescent Global is proud to be the first and the only Lloyd’s of London broker to invest and establish a Reinsurance...

  • Hyrax Oil Inks Deal With The National Oil Company Of Sri Lanka

    May 10th, 2016 By Nurunnasihah Ahmad Rashid

    COLOMBO, May 6 (Bernama) -- Malaysian transformer oils, lubricants and petroleum derivatives manufacturer and marketer Hyrax Oil Sdn Bhd, which exports to more than 35 countries, will be investing US million (US

    .00=RM4.00) to establish a four million litres per month lubricant blending plant in...

  • Malaysian firm Hyrax Oil signs deal to build lubricant plant in SL

    May 9th, 2016

    A Malaysian manufacturer of petroleum derivatives with a vast customer base worldwide will be investing $ 30 million to establish a lubricant manufacturing plant in Sri Lanka.Hyrax Oil, which produces lubricants for various applications including transformer oil, motor oil & other specialty lubricants...

  • US think tank lists Sri Lanka among Asia's top 10 FDI hotspots

    April 15th, 2016

    Apr 15, Colombo: The United States-based think tank IHS Global Insight has listed Sri Lanka as one of the top 10 foreign direct investment (FDI) destinations in Asia. The other Southeast Asian countries that are also projected by IHS to be the FDI hot spots in the region, are China, India, Bangladesh,...

  • Top attractions for foreign investors

    April 10th, 2016
    Top attractions for foreign investors

    Foreign investors find Sri Lanka's close proximity to the East-West trading routes and easy access to regional Asian markets to be the biggest attraction for investing in the island. A survey conducted by the Economic Intelligence Unit of the Ceylon Chamber of Commerce revealed that access to regional...