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McLarens Lubricants introduces revolutionary All-In-One protection for hybrid vehicles: Mobil Super 3000

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McLarens Lubricants Limited recently launched the Mobil Super 3000 All-in-One Protection series in Sri Lanka, a synthetic motor oil product joining the existing Mobil Super 1000 and 2000 range in the market. This launch proves to be a major shift in hybrid automotive care with the product providing a revolutionary All-In-One protection for all kinds of hybrid vehicles.

Mobil is a global leader in automotive lubricants, with over a century of experience with every kind of machinery imaginable, which led to the development of highly successful products like the ever-popular Mobil 1 motor oil. Mobil Super 3000 All-In-One Protection is formulated with Heat Activated Anti-Wear Molecule, which protect vehicles from high temperature wear while keeping the engine clean. With this launch, for the first time in Sri Lanka, there is not a motor oil product that meets API SP and ILSAC GF-6A standards. Mobil Super 3000 All-In-One Protection exceeds the latest motor oil standards in order to deliver a superior fuel economy, better engine wear protection and cleanliness while reducing low speed pre-ignition damages in modern turbocharged engines. 

The Mobil Super 3000 range is being launched with two viscosity grades. The first of which is a 0W-20 grade, which is most suitable for hybrid engines, whereas the 5W-30 grade on offer is suitable for both petrol and hybrid engines. 

“Modern Engines prioritize performance. Performance that results in higher heat and higher stress levels, which are detrimental to its health” said Chaminda Gunaratne, Joint Managing Director – McLarens Lubricants Limited, Automotive Division. “Mobil Super 3000 All-In-One is the perfect solution with its heat-activated anti-wear molecules that protect your vehicle from high-temperature wear while keeping the engine clean.

ExxonMobil is the world’s largest publicly traded international oil and gas company with operations across the world. The Mobil brand has been a world leader in lubrication technology for over a century, keeping home and industry running faultlessly. McLarens Lubricants is the sole agent for Mobil Lubricants in Sri Lanka and Maldives. The company is part of the McLarens Group, one of the country’s progressive conglomerates, that drives progress across diverse business sectors such as Maritime and Logistics, Petroleum and Energy, Manufacturing and Distribution, Property and Strategic Investment and Leisure.



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ICC’s Oceanfront Galle completed on time amidst Covid-19 restrictions

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Oceanfront Galle structure constructions have been completed on time, amidst the restrictions imposed by the authorities to contain COVID 19 pandemic. Nevertheless, ICC has taken initiatives to apply for COC in the beginning of June 2021.

The home owners and potential investors were invited to inspect on the construction progress of Oceanfront condominiums in Galle while experiencing the beautiful sunset by the Galle coast. ICC has conceptualized OFC Galle to have a view of the clear ocean from all possible angles featuring a fully equipped gym, a double floored spa and “Sunset” restaurant with beautiful views of the ocean.

Allowing investors to seamlessly enjoy the returns of OFC, ICC has introduced an all-inclusive rental management system which offers end-to-end solutions.

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Major-value stocks decline,three companies prop up ASPI

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By Hiran H.Senewiratne

Stock trading activities in the Colombo Stock Exchange(CSE) was subdued throughout yesterday as all major value-stocks declined in prices. Three companies; namely LOLC Development Finance (NIFL) Carsons and Bukit Darah kept the All Share Price Index positive, stock market analysts said.

Hence both indices showed mixed reactions. All Share Price Index was up by 16.98 points up and S&P SL20 down by 40.86 points. Turnover stood at Rs 1.94 billion with a single crossing. The crossing took place in HNB (Non Voting), which crossed 330,000 shares to the tune of Rs 36.3 million and its share price traded at Rs 110.

In the retail market top five companies that mainly contributed to the turnover were Expolanka Rs 247 million (4.9 million shares traded), Bukit Darah Rs 156.7 million (450,500 shares traded), LOLC Rs 145.5 million (365,000 shares traded), Browns Investments Rs 128.5 million (21 million shares traded) and HNB (Non Voting) Rs 109.3 million (993,000 shares traded).

When Bukit Darah share price appreciated by 25 percent or Rs 51.25 from its initial trading price of Rs 279.50 to Rs 355, its holding company Carson Plc  share price also appreciated in parallel to its. Carsons Plc share price appreciated by 18 percent or Rs 52. Its share price started trading at Rs 293 and at the end of the day it shot upto Rs 345.

Further, NIFL being a low float company its share price increased by 25 percent or Rs 51.25. Its share price started trading at Rs 205 and at the end of the day it moved to Rs 256.25. These companies positively contributed 75 points to the All Share Price Index. Carsons contributed 28 points, Bukit Darah 28 points and NIFL 19 points to the All Share Price Index.

NIFL or LOLC Development Finance Company  has emerged as the most valuable finance company in terms of market capitalization. During the last seven sessions it’s share price appreciated by 261 percent or 3.6 times. The share price staryed trading at Rs 71 seven days ago and today it has moved up to Rs 256.25.

 

 

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People’s Bank Dankotuwa branch moves to new premises

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Opening of the People’s Bank Dankotuwa Branch at the new location which offers added convenience to its customers

 

People’s Bank Dankotuwa Branch moved to a new location recently. The opening ceremony of the new premises was attended by People’s Bank Chief Executive Officer/ General Manager Ranjith Kodituwakku.

The new spacious premises offers added convenience to customers along with a full range of services backed by the latest digital banking technology.

People’s Bank Deputy General Manager (Recoveries) Lionel Galagedara, Regional Manager(Puttalam) K.A.A.S Peiris, Assistant Regional Manager S.A.M.L Sirimanne, Dankotuwa Branch Manager D.M Liyanage, customers, also participated at the event.

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