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Sri Lanka’s leading non-bank finance company, People’s Leasing & Finance PLC, has appointed Mr. Shamindra Marcelline as its new CEO/GM with effect from November 20, 2020. Being an experienced banker with local and foreign bank exposure in addition to working overseas for the HSBC Group, Marcelline brings with him unique industry insights so as to contribute towards the strategic direction and core values of People’s Leasing Company, a news release on the appointment said. “Having strong credentials in the banking and finance sector in Sri Lanka he has contributed towards showcasing Sr...

In a move aimed at empowering the economically challenged communities across Sri Lanka, Litro Gas Lanka Ltd., recently signed an MOU with the Department of Samurdhi Development – Prajamula Bank Division. The signing took place between Anil Koswatte, Chairman & CEO of Litro Gas Lanka Ltd., and R. P. B.Thilakasiri, Director-General, Department of Samurdhi Development […]

The Monetary Board has noticed both John Keells Holdings and Central Finance that they should reduce their group holdings in the Nations Trust Bank to a maximum of 20% by the end of next year and 15% a year after. This requirement is to conform with the law that individual and aggregate related party holdings in commercial banks be restricted to a maximum of 15% although time-bound extensions, some granted as long as 10 years ago, have been allowed. At Hatton National Bank for example, Harry Jayawardena related parties including Stassen, Milford and Distilleries, have been restrained from exe...

 22 Dec 2020 - 9:50 The Peninsula Doha: Nakilat has assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate Technical Management (ETM) with effect from December 17, 2020. The FSRU is jointly owned by Nakilat and Excelerate Energy L.P. (Excelerate) through a joint venture established in 2018. This is the first FSRU to be managed in-house by Nakilat Shipping Qatar Limited (NSQL), bringing NSQL’s managed fleet to 27 vessels, comprising of 22 LNG, 4 LPG carriers and 1 FSRU. The FSRU Exquisite has a cargo carrying ca...

Nakilat Takes Over Management of FSRU Exquisite Maritime Activity Reports, Inc. Credit: Nakilat Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate. The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018.  This is the first FSRU to be managed in-house by Nakilat, bringing the company's managed fleet to 27 vessels, comprising of 22 LNG, 4 LPG carriers, and 1 FSRU. The FSRU Exquisite has a cargo-carrying capaci...