Business
LAUGFS Terminals Complex at Hambantota Port marks 100th ship call
M/V Gas Courage berthed at Laugfs’ LP Gas Storage and Transhipment Terminal Complex at Hambantota International Port.
LAUGFS Terminals Ltd celebrated the 100th ship call, for loading of LP Gas at its port based, all weather LP Gas Storage and Transhipment Terminal Complex located at Hambantota International Port.
This facility was built and now operated by LAUGFS Terminals Ltd which is a fully owned subsidiary of LAUGFS Gas PLC. The installed cargo capacity of this Terminal Complex is 30,000 m/t, which can be turnaround 3 times monthly to achieve 1,000,000 m/t of LP Gas per annum as transhipments, by way of import, storage, mixing of elements of Propane & Butane and exports to identified markets. This Transhipment Terminal Complex has been granted the Board of Investment approval with special Hub-status as per the relevant Gazette notifications and enjoy a range of statutory concessions.
The commercial operations of this facility commenced in July 2019, and it is considered as an impressive performance as it recorded the 100th ship call within a space of only 14 months, which is exceptional for infrastructure projects of this nature having long gestation periods.
A press release issued by the Company said, “Sri Lanka from time immemorial had spoken loudly about its strategic location in the historical “Maritime Silk Route” that connects the path, Indonesian Archipelago, China, Indian sub-continent, Arabian Gulf, linking the stream to Europe and also to East Africa, at the end. We were also, for years had been making much noise about a “Maritime-Hub” around our country and the ports but hardly any tangible move had been made towards achieving this status either by the authorities concerned or by the private sector establishments”.
“However, LAUGFS, having been an active player in the energy sector of the country for over 25 years and also having its wings in certain overseas LPG markets, stepped into build this LPG Transhipment Terminal complex at Hambantota Port not only with a view to contribute to make this port a “Maritime-Hub” but also and more importantly making it an “Energy-Hub, it said.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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