|
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|
2010
July
| |
|
| 05th July 2010 |
www.dailymirror.lk |
Tea By Choice SunUp Supermarkets to embark on focused Tea Retailing
LAUGFS Holdings an aggressively diversified conglomerate,
always in the forefront of meeting with consumer needs & wants have made
deliberate arrangements through its retail marketing arm, the SunUp Supermarkets
to launch on Sri Lanka's wonder Beverage the Tea with a difference. The
Company embarking to the Tea trade, carefully evaluated its 10 years
of experience in the retail business and are offering expertly blended
Tea of Light, Strong & Black characteristic
Liquors....more>> |
| |
|
| 01st
June 2010 |
www.dailymirror.lk |
Gas prices reduced
The price of a 12.5kg cylinder of Shell Gas has been reduced by Rs.117 while
that of a cylinder of Laugfs Gas has been reduced by Rs.85 from midnight yesterday, Trade and Consumer
Affairs Ministry said. “I will reduce or increase the prices as and when necessary. The price of gas
has been reduced because of the drop in the world market price of gas,” Minister Johnston Fernando
told a news conference. With the price reduction coming into effect today, a 12.5kg cylinder of
Shell Gas will be sold at Rs.1,652 while a 12.5kg cylinder of Laugfs Gas will be sold at
Rs.1,659....more>> |
| |
|
June
| |
|
| 28th
june 2010 |
www.dailynews.lk |
SHELL & LAUGFS gas reduced
Price of 12.5 kg SHELL gas will be reduced by Rs. 113 and LAUGFS to be reduced
by Rs. 85 with effect from midnight tonight- Trade Minister Johnston Fernando. |
| |
|
| 23th June 2010 |
www.sundaytimes.lk |
Be innovative and aware of your purpose : Laugfs Chairman
Being innovative and aware of one's purpose is the secret of success
in any business, according to Laugfs Chairman, W.K.H. Wegapitiya; who recently spoke at the
inaugural session of the University of Peradeniya's Guest Lecture Series, organised by the
university's Master of Business Administration (MBA)
Association....more>> |
| |
|
| 23th
June 2010 |
www.dailymirror.lk |
Laugfs cautions Government over gas
Laugfs Gas Company Chairman W.K.H. Wegapitiya yesterday asked the government
to be cautious about entering the local LP gas market by buying the contolling shares in the Shell Gas
Company because past experiences have shown that it was likely the government might incur major losses.
“When one looks back at the government’s record it is not unusual to find it mismanaging the businesses
it handles and thus being burdened with huge losses,”
Mr. Wegapitiya said....more>> |
| |
|
| 19th
June 2010 |
www.island.lk |
Many eyeing Shell
Three to four multi-national companies are vying for the Shell
Gas company shares which are on offer. The Shell Gas sell out deal is still in the preliminary
stage and the Laugfs Holdings Limited is interested in securing the deal, Laugfs Holdings Limited
Chairman W.K.H. Wegapitiya told Daily News Business. “We are delighted at the prospect that
Shell operations will come back to Sri Lanka. The parent company will list out the possible
buyers and send a common document before finalizing the deal,”
he said. ...more>> |
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|
May
| |
|
| 17th
May 2010 |
www.dailynews.lk |
Laugfs working on deal with Shell
Laugfs Holding Limited is currently working on the deal with
Shell Gas to acquire the ownership of its LPG business here. “We are having discussions
with Shell and our representative is in England. Laugfs is interested in the deal and
initial work is progressing. There will be a positive outcome,” Laugfs Holding Limited
Chairman W.K.H. Wegapitiya told Daily News Business. The country’s gas industry is performing
well and is recording a ten percent annual growth. ...more>> |
| |
|
| 11th
May 2010 |
www.dailymirror.lk |
CPC
might cut off Laugfs
General Secretary of the UPFA,
Petroleum Resources Minister Susil Premjayantha said
the CPC was reviewing the agreement signed with the
Laugfs Gas and efforts would be taken to abrogate it
on the advice of the Supreme Court and produce and distribute
domestic gas independently by the CPC to give relief
to consumers. Speaking to media personnel at the Mahaweli
Center yesterday, Minister Premjayantha said the private
gas company has gone to the Supreme Court demanding
a market monopoly for the domestic gas produced by the
CPC as a by product of its refineries. “The CPC produces
between 15% - 20% of domestic gas requirement of the
country and sells the entire production to Laugfs Gas
on an agreement. ...more>> |
| |
|
| 09th
May 2010 |
www.island.lk |
Laugfs
eyes Shell
Laugfs Gas Chairman W.K.H. Wegapitiya
yesterday reacted cautiously to reports that his company
is looking at acquiring the Shell Gas business in Sri
Lanka. "We are the most capable and suitable contender,"
he said. "Something is happening but it is too early
to say anything." Earlier Wegapitiya was quoted on a
website, Vimasuma.com, saying that his company’s representatives
were holding talks in London with Shell officials on
buying Shell’s Sri Lanka business. "We’re keen on buying
Shell’s operation in Sri Lanka and our representatives
are holding talks with Shell in London," Wegapitiya
told our sister news website Vimasuma.com. ...more>> |
| |
|
| 07th
May 2010 |
www.island.lk |
Shell
shock no Laugfing matter
One of the biggest Gas price
increases in recent years came into effect from midnight
yesterday (May 6) with Laughs being permitted an increase
of Rs. 323 per 12.5 Kg cylinder and Shell Rs. 219. With
these latest price increases approved by the Ministry
of Cooperatives and Internal Trade, the price of a Shell
will now be Rs. 1,769 and Laughs Rs. 1,744. The earlier
price of Shell gas was Rs. 1,550 and that of Laughs
Rs. 1,421. ...more>> |
| |
|
| 06th
May 2010 |
www.dailymirror.lk |
Domestic
gas prices up
The price of Domestic Gas will
increase with effect from midnight tonight with the
price of a 12.5 kg Shell gas cylinder up by Rs. 219
and Laugfs up by Rs. 323, the Consumer affairs Authority
announced a short while ago. Minister of Internal Trade
and Cooperatives Johnston Fernando said, “We have allowed
for an increase of Rs. 219 and Rs 323 for Shell and
Laugfs gas respectively, considering the world market
prices and since we didn’t increase during the Avurudu
season.” ....more>> |
| |
|
| 03rd
May 2010 |
www.island.lk |
LP
gas too up soon
The Minister of Cooperatives
and Internal Trade, Johnston Fernando, and Chairman
of the Consumer Affairs Authorities (CAA) Rumy Marzook
were not available for comment. The Island also learns
that a price of a 12.5 kg LG Gas Cylinder will be increased
by Rs. 50 to 75 on Wednesday (May 5). At present, a
shell gas cylinder is Rs. 1,550 and Laughs Rs. 1,421.
Representatives from Shell and Laugfs had discussions
with CAA officials on Thursday (April 29) and the price
increase requested was Rs. 350 per 12.5 kg cylinder.
The new increase in price was to be gazette effective
April 30, but put on hold till Wednesday (May 5)....more>> |
| |
|
Apr
| |
|
| 23th
April 2010 |
www.dailymirror.lk
|
Laugfs Gas offers its loyal customers something more as value for money
‘Uyanna-Dinanna’ consumer promotion: A one-of-a-kind for the first time in Sri Lanka
Laugfs Gas the only ISO certified indigenous downstream
Liquid Petroleum Gas (LPG) Company in the country has
always looked for ways and means to give its loyal customers
something more as value for money. Despite LPG being
a generic product where value addition is almost impossible,
Laugfs Gas has once again shown its versatility & dynamism
as a top 50 LMD (Lanka Monthly Digest) in Sri Lanka.
In this instance, with a consumer sales promotion, the
first of its kind to be launched in the history of LPG
retailing in Sri Lanka....more>> |
| |
|
| 12th
April 2010 |
www.dailymirror.lk
|
Laugfs
Gas Family day 2010" - A huge success
The "Laugfs Gas Family day 2010"
was an outrageous event that blended entertainment,
track & field events with cricket, an award ceremony
for excellence with a musical fiesta comprising of Derena
Super Stars. The members & their families waited with
much anticipation for this day, the 9th Saturday of
January 2010 to gather at the Havelock park from early
in the morning and to experience to their surprise the
carnival atmosphere which prevailed inside the park.
For the first time the members were divided in to four
houses namely PROPANE, BUTANE ETHAINE & METHAINE which
the respective huts were creatively decorated in a highly
competitive manner. ...more>> |
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|
Mar
| |
|
| 21th
March 2010 |
www.sundaytimes.lk |
Wegapitiya is new COYLE chairman
W.K.H. Wegapitiya, Chairman-LAUGFS
Group was recently elected as the new Chairman of
the Chamber of Young Lankan Entrepreneurs (COYLE)
at its 11th anniversary celebrations in Colombo. Presidential
Secretary Lalith Weeratunga, Defende Secretary Gotabaya
Rajapaksa, and the commanders of the Army and the
Navy were present at the event. ...more>>
|
| |
|
Feb
| |
|
| |
|
Not
Available News For This Month |
| |
|
Jan
| |
|
| 28th
January 2010 |
www.dailymirror.lk
|
Ceylon Chamber biz team to S'pore, Malaysia a success
Seated from left Sarath de Silva, President, Singapore Business Federation,
HE Mrs. J. R. Samarakoon, High Commissioner for Sri Lanka in Singapore, Ananda Dharmapriya,
Minister (Commercial). Standing from left - Mahinda Wanniarachchi, Puvi Domingopillai, Karthik
Ramachandran, Jayasinghe and Wegapitiya The Trade Fair Unit of the Ceylon Chamber of Commerce
(CCC) concluded its plan of action for the year 2009 with a Business Promotion Mission to Singapore
and Malaysia. During 2009 the unit visited seven countries covering untapped markets in the South
American and the Baltic regions along with a few countries in the South Asian region. The objectives
of these missions are promotion of trade, investment, joint ventures, tourism & services between Sri
Lanka and the visiting countries. ...more>> |
| |
|
2009
Dec
| |
|
| 31th
December 2009 |
www.dailymirror.lk
|
Laugfs down
The Government announced yesterday that the price of a 12.5 kg
domestic Laugfs gas cylinder would be reduced by Rs 60.00 with effect from January 1, 2010.
Addressing a media conference Consumer Affairs Minister Bandula Gunawardena said that the new
price of a 12.5 kg domestic Laugfs gas cylinder would be Rs. 1421.00. However Shell Gas
prices will remain unchanged at Rs. 1550 a cylinder, he said. ...more>> |
| |
|
Nov
| |
|
| |
|
Not Available News
For This Month |
| |
|
Oct
| |
|
| 14th October 2009 |
www.dailymirror.lk |
Trade mission to Baltic region bring results-CCC
The Trade Fair Unit of the Ceylon Chamber of Commerce (CCC)
said that it completed a successful mission to France, Latvia and Lithuania. This
is the first occasion the CCC explored the Baltic Region and is extremely pleased
with the positive outcome. With the objective of strengthening its bilateral trade
and promoting investments and joint ventures, the CCC led a nine members delegation
to explore the potential in the Baltic Region combined with France. ...more>> |
| |
|
| 05rd October 2009 |
www.dailymirror.lk |
Com Bank goes to Kiribathgoda
The Commercial Bank of Ceylon has introduced 365 day Banking in
Kiribathgoda with the opening of its 172nd banking outlet at Laugfs Super Market at Kiribathgoda. The
new service point is linked to all other Commercial Bank branches and the 24 Supermarket Banking
Centres islandwide permitting online real-time banking. ...more>> |
| |
|
| 03rd October 2009 |
www.dailymirror.lk |
Laugfs Lanka to embark on new Salt Factory
Under the development plan of the Hambantota district, a new salt
factory will be set up by the local entity- Laugfs Salt and Chemicals (Pvt. Limited) in
Chitragala- Ambalantota. Minister of Irrigation and Water Management and Ports and Aviation,
Chamal Rajapaksa will lay the foundation stones for the construction of salt factory and
the new office complex on October 4 at 10 am. The company will commence its operational
activities by the year 2011 and it is expected to cater 5% of the total annual demand for
salt in the country, the Assistant General Manager, A.M.N. Kasun Abeysinghe said. ...more>> |
| |
|
Sep
| |
|
| 16th September 2009 |
www.dailymirror.lk |
Laugfs Solid Tyres now in European market
The first consignment of tyres made by the Laugfs Rubber Corporation
Limited, a fully owned subsidiary of Laugfs Holdings Limited, was shipped to a European
destination last week. Understanding the strategic advantages of Sri Lanka being a leading
natural rubber producing country in the world and recognizing the promising export potentials
to the global market, Laugfs Rubber acquired the defunct Three-wheeler tyre manufacturing plant
from the former Sri Lanka Rubber Export Manufacturing Corporation located at Millawa, Horana in
the year 2007. ...more>> |
| |
|
| 06th September 2009 |
www.sundayobserver.lk |
US$25m gas terminal for Hambantota
Laugfs Holding is to put up a gas terminal in Hambantota exploiting the
facilities from the proposed Hambantota Harbour. Chairman Southern Development Authority, Ranjith
Gunasekera said that the company has already earmarked a suitable land for the project and signage
has been already put up. The company hopes to invest around US$25 million for this project. He said
that the main objective of this project is to provide gas at a subsidised rate to the customers.
Laugfs hopes to connect an underground pipe from the Hambantota Harbour to the land which is located
in close proximity. ...more>> |
| |
|
| 01st September 2009 |
www.dailynews.lk |
Revision of gas prices
The price of a 12.5 kg of Shell gas cylinder will be increased by
Rs.103 while the price of a 12.5kg Laugfs gas cylinder will be increased by Rs.69 with
effect from midnight today. Accordingly, the new price of a 12.5kg Shell gas cylinder
will be Rs.1550 while a new price of a 12.5kg Laugfs gas cylinder will be Rs.1476. These
prices are based on the import cost of the gas for the months of June and July this year,
which was an increase over the preceding period. ...more>> |
| |
|
Aug
| |
|
| 24th August 2009 |
www.dailymirror.lk |
Laugfs – the most respected for nation-mindedness
Laugfs Holdings Limited has had the honour of becoming the Sri Lankan entity
most respected for its nation-mindedness– a testament to their commitment to the nation. The company
was singled out for the honour in the LMD rankings of the most respected entities in Sri Lanka published
this month. Laugfs leads a field of top corporate entities – a reflection of its recognition as a leader
of Corporate Sri Lanka. The home grown corporate also climbed up nine places to 41st place in the overall
‘Top 50 Most Respected’ ranking, ahead of a plethora of reputed corporate establishments. ...more>> |
| |
|
July
| |
|
| 20th July 2009 |
www.sundaytimes.lk |
Lot of constraints in entering lubricant market
W.K.H.Wegapitiya, Chairman, Laugfs Group of Companies this week lashed out at
some multi-national companies that stood in their way to enter into the lubricants market and also
referred to the stringent regulations that made it near impossible for them to enter this market. He
made these comment at the launch of Laugfs Lubricants of four varieties of engine oil, being the first
Sri Lankan company to enter the local lubricant industry. Mr Wegapitiya urged Sri Lankans to purchase
products manufactured and marketed by Sri Lankan companies and said that it is the way India has become
a powerful economy in the region. ...more>> |
| |
|
| 19th July 2009 |
www.sundaytimes.lk |
The way forward with TMC: Beyond diverse challenges…
Continuing on the "The Way Forward….." series of presentations,
The Management Club will have the honour of another illustrious son of Sri Lanka addressing
them at their next event on Friday July 31. Mr. W K H Wegapitiya, Executive Chairman of Laugfs
Holdings Ltd, will speak to members of the Management Club and their guests on the diverse
challenges facing Sri Lankan entrepreneurs and the necessity and the importance of having
focussed objectives to overcome such hurdles at an Evening Presentation to be held at Galle
Face Hotel. ...more>> |
| |
|
| 01st July 2009 |
www.dailymirror.lk |
Gas prices revised
The Government announced that the price of Laugfs gas was
increased by Rs 100, and that of Shell gas reduced by Rs 53 from midnight yesterday. Trade,
Marketing and Consumer Affairs Minister Bandula Gunawardene told a news conference last
evening that the price of a 12.5 kg cylinder of Laugfs gas was increased from Rs 1307
to Rs 1407 as it has increased the proportion of imported gas. The company had imported
37 percent of its requirements while the other 63% was purchased locally. ...more>> |
| |
|
| 01st July 2009 |
www.dailynews.lk |
Laugfs up, Shell down
The price of a 12.5kg Shell gas cylinder will be reduced by
Rs.53 with effect from midnight tonight, said Trade, Marketing Development, Cooperatives
and Consumer Services Minister Bandula Gunawardena. Addressing a media-briefing in
Colombo yesterday, the Minister said the price of a 12.5 kg Laugfs gas cylinder will
be increased by Rs.100 following approval of the Price Committee of the Consumer
Affairs Authority (CAA). Accordingly, the new price of a 12.5kg Laughs gas cylinder
will be Rs.1,407 while a price of a 12.5kg Shell gas cylinder will be Rs.1,447. The
Minister said the Laugfs Gas Company has increased its gas imports in gradual steps.
The prices of the products made out of fuel has also increased in the world market.
Therefore, these reasons had resulted in increasing the price of a 12.5kg Laugfs gas
cylinder by Rs.100. ...more>> |
| |
|
June
| |
|
| 28th June 2009 |
www.sundayobserver.lk |
Laugfs to expand business in N and E
Laugfs Holdings Ltd., will expand its lubricant business in the Northern and
Eastern provinces shortly with the aim to build trade links with the south, said Chairman, Laugfs
Holdings Ltd., W. K. H. Wegapitiya. He said a visit will be made early next month to identify
locations and carry out feasibility studies to launch operations. The company will be investing in
lubricant, LPG and leisure markets based on the feasibility reports on opportunities to expand
businesses", Wegapitiya said. ...more>> |
| |
|
May
| |
|
| 02st May 2009 |
www.dailymirror.lk |
EXCLUSIVE CHINESE CUISINES
Experience the real deal at Jade, a Laugfs restaurant where Chinese cuisine
is served just the way it was meant to be. The Jade restaurant which comes under Laugfs Leisure
Limited, a subsidiary of the Laugfs group of companies has a combination of the right elements
that most people look forward to experiencing, ...more>> |
| |
|
| 01st May 2009 |
www.dailynews.lk |
Gas prices up
The price of a 12.5 kg domestic gas cylinder has been
raised by Rs. 191 and a 2.3kg cylinder by Rs. 35. The new price of 12.5kg
cylinder will now be Rs. 1,500 and a 2.3kg cylinder Rs. 276. Meanwhile LAUGFS
gas has increased it's price of cylinder to Rs. 1307. The price revision came
into effect from mid night yesterday. These prices are based on the import cost
for February 2009 and March 2009 and have been approved by the Consumer Affairs
Authority, in line with the Pricing Formula Agreement, a release from Shell Gas said. ...more>> |
| |
|
Apr
| |
|
| 30th April 2009 |
www.dailynews.lk |
Gas price increase in the offing
The Shell and Laugfs gas companies have sought the Consumer
Affairs Authority’s permission to increase the price of a refilled domestic gas cylinder
(12.5 kg) by Rs.100 to Rs. 200 with effect from May 1. The board of the Consumer Affairs
Authority met on April 27 to discuss the matter and deferred its decision. It is to meet
again today to decide. The gas companies maintain that the increase is necessary as the
price of domestic cooking gas has gone up in the world market. ...more>> |
| |
|
| 03rd
April 2009 |
www.dailymirror.lk |
Laugfs Sun ups offer relief to consumers
LAUGFS SunUp Supermarkets, the retail arm of the LAUGFS Holding
Company in a view to ease the burden of the consumers at a time the world is
facing a recession have introduced a series of package offers to the Sri Lankan
consumer during this Festival Season. Commenting on its activities during the Sinhala
& Hindu New Year Season SunUp’s Director/GM, Mr. Takura Gunasinghe said, the company’s
retail chain, A True Friend In NEED have chosen its theme for the Season as,
“ME AURUDDE GIYA AURUDDATATH WEDIYA ADUWEN”. ...more>>
|
| |
|
Mar
| |
|
| 03rd March 2009 |
www.Island.lk |
Laugfs agrees to test CTB buses free
The Laugfs Gas Lanka Limited yesterday agreed before
the Supreme Court to give CTB vehicles a free air emission test for one year. This
was told to Court when the rights violation application filed by an environmentalist
was called before the Court. Meanwhile Gemunu Wijeratne, Chairman of the Private
bus Owners Association of the Western Province told the Court that, 1751 buses
were investigated for the use of ticketing machines and to see whether the
conductor wore uniforms, as ordered by the Court. ...more>> |
| |
|
| 01st
March 2009 |
www.sundayobserver.lk |
Gas prices reduced
**Laugfs LP gas cylinder (12.5 kg) Rs. 1,069
**Shell LP gas cylinder (12.5 kg) Rs. 1,309
The Government has reduced the price of Laugfs LP gas cylinder (12.5 kg) and Shell LP gas cylinder
(12.5 kg) by Rs. 334 and Rs. 310 respectively.The new prices will be effective from midnight yesterday.
A Laugfs LP gas cylinder will now be Rs.1,069 and Shell LP gas cylinder Rs. 1,309.Addressing the
media yesterday Trade, Marketing Development, Co-operative and Consumer Affairs Minister Bandula
Gunawardane said the total price reduction received by consumers during the last four months was
Rs. 790 from Laugfs gas cylinder and Rs.554 from Shell. ...more>>
|
| |
|
Feb
| |
|
| 28th February 2009 |
www.dailynews.lk |
LP gas prices fall
The Government has reduced the price of Laugfs LP gas cylinder
(12.5 kg) and Shell LP gas cylinder (12.5 kg) by Rs. 334 and Rs. 310 respectively. The new
prices will be effective from midnight yesterday. A Laugfs LP gas cylinder will now be
Rs.1,069 and Shell LP gas cylinder Rs. 1,309. Addressing the media yesterday Trade,
Marketing Development, Co-operative and Consumer Affairs Minister Bandula Gunawardane
said the total price reduction received by consumers during the last four months was
Rs. 790 from Laugfs gas cylinder and Rs.554 from ...more>> |
| |
|
| 28th February
2009 |
www.dailymirror.lk |
GAS PRICES NOSE-DRIVE FURTHER
The government yesterday announced a massive reduction
in the price of a 12.5 kg domestic gas cylinder and attributed it to the reduction
of world market prices. Consumer Affairs Minister Bandula Gunawardena said a 12.5
kg cylinder of Laugfs will be reduced by Rs. 334 and Shell gas by Rs. 310 from
midnight yesterday. ...more>> |
| |
|
| 18th
February 2009 |
www.dailynews.lk |
Laugfs to consolidate on tourism
Tourism, the largest industry in the world will play a major role in
the local economy and Laugfs management would make further inroads to the industry. Director/CEO,
Laugfs Leisure Limited, Harsha Gamage said that they saw the potential in the industry and took
over the management of Temple Tree Resorts Induruwa at the end of last year. “This is our second
investment in the industry and presently we are building a boutique hotel in Panama, Puttalam,
” ...more>>
|
| |
|
Jan
| |
|
| 18th
January 2009 |
www.sundayobserver.lk |
Laugfs Gas gets ISO certification
Laugfs Gas is a BOI approved
company which commenced operations in 2001 October with
the liberalisation of the Sri Lankan LPG industry. Since
then LG has remained the only local player, competing
against a global giant to gain a significant share of
the market in a short period of 6 years. Having established
a trusted name among all market segments, especially
in the domestic LPG segment, LG is the fasted growing
LPG player in the country. Company sales show a healthy
continuous growth at a rate much faster than the average
market growth rate, giving an ever increasing share
of a fast expanding LPG market in Sri Lanka. ...more>>
|
| |
|
| 07th
January 2009 |
www.Island.lk |
Over
100,000 vehicles tested
Over 100,000 vehicle owners in
the Western Province had had their vehicles tested for
emission levels by the end December, Air Resource Management
Centre (AirMac) of the Environment and Natural Resources
Ministry said yesterday. A senior official told The
Island that this amounts to almost 10 per cent of all
vehicles from motor buses to three wheelers in the Province.
Motor Traffic Commissioner Badulage Wijeratne recently
informed vehicle owners in the Western Province, through
press advertisements and various other means, that commencing
November 17, vehicles had to obtain the vehicle emission
test (VET) certificate to obtain the annual revenue
licence. ...more>>
|
| |
|
2008
Des
| |
|
| 29th
December 2008 |
www.dailynews.lk |
LAUGFS to launch Loyalty Card
LAUGFS Loyality Card is scheduled to be issued to LAUGFS “Sunup” super market customers.The loyality card holders are entitled to enjoy special benefits as well as a ten per cent discount from the companies belong to Laugfs Holdings, said Director - CEO Laugfs Sunup Supermarket, Ravindra Dahanayaka. ...more>> |
| |
|
Nov
| |
|
| 30th November 2008 |
www.sundayobserver.lk |
Consumers to benefit at next gas price revision - Laugfs chairman
The benefit of the drop in world crude oil prices will be passed on to
the consumers at the next price revision in January, said Chairman, Laugfs Holdings Limited,
W.K.H. Wegapitiya. He said commodity prices in the world market have dropped due to the
global recession. The Liquid Petroleum Gas (LPG) price is down US$ 350 per metric tonne
from US$ 950 per metric tonne four months ago. Laugfs revised its LPG prices this month
in line with the drop in world fuel prices.The price of a 12.5 kg cylinder was reduced
by Rs. 178. ...more>> |
| |
|
| 27th November 2008 |
www.dailymirror.lk |
Laugfs wants CPC hedging stopped
Laugfs Holdings Limited chairman yesterday filed a fundamental rights petition in the Supreme Court seeking an interim order to cancel hedging contracts between Ceylon Petroleum Corporation (CPC) and international banks.
Laugfs chairman W.K.H. Wegapitiya in his petition cited Petroleum Minister A.H.M. Fowzie; CPC chairman Asantha de Mel; Treasury Secretary Sumith Amarasinghe; the Finance Minister and the Attorney General as respondents. Mr. Wegapitiya said ...more>> |
| |
|
| 18th November 2008 |
www.dailymirror.lk |
Laugfs takes over Emerald Bay, Temple Tree Resorts
Laugfs Leisure Limited has taken over the management of Emerald Bay Hotel and
Temple Tree Resorts and Spa in the Induruwa area. Director CEO, Laugfs Leisure Limited Harsha Gamage
said the company is now looking at consolidating their hotel portfolio. "It was due to this that I
came to the WTM and met several operators who are ready to market these two properties," he said. Emerald
Bay Hotel is a property with 50 air conditioned rooms with satellite TV, tea making facilities and minibar
and is a three star property. All rooms are facing the sea at two levels thus some rooms offering the
balconies and the others with sit outs. ...more>> |
| |
|
| 17th November 2008 |
www.dailymirror.lk |
Laugfs threatens legal action against CAA
Laugfs Gas Lanka Limited yesterday said it would be taking legal action against the Consumers Affairs Authority (CAA) for un-ethical practices and Shell Gas Lanka Limited for LPG price manipulations as against recent price revisions.
Laugfs Group Chairman W H. Wegapitiya told Daily Mirror FT that in accordance with the ‘Pricing Formula Agreement’ signed between Laugfs Gas Limited and CAA in consideration of the reduction of the Saudi Aramco Contracted Price pertaining to the months of July and September 2008, the CAA directed the company to revise the retail price of a domestic LPG (12.5 kg) cylinder to a maximum retail price (in Colombo) of Rs.1,679.00 with effective from 01st November 2008, ...more>> |
| |
|
| 10th November 2008 |
www.dailymirror.lk |
Laugfs Eco Sri introduces fake free "VET" certificates
It is stated that fakes are the fastest growing industry in the world and
it is bigger than the earlier identified industries like arms and drugs. Unscrupulous people not
only fake products but also important documents. This is very common in Sri Lanka and many
examples can be given. Even the little girl who is sentenced to death in Saudi Arabia is due
to the fake birth certificate. Even new born babies are being traded on fake documents while
school admission is in crisis due to documents being faked in addition to the other problems. ...more>> |
| |
|
| 06th November 2008 |
www.dailymirror.lk |
Laugfs challenges CPC circular
Laugfs Holdings Limited and Laugfs Lubricants (Pvt) limited filed a fundamental rights application in the Supreme Court challenging a circular issued by the Ceylon Petroleum Corporation (CPC) to its dealers to sell only certain brands of lubricants.The petitioners, two companies carrying out the businesses of importing, exporting and selling lubricants in Sri Lanka cited the Minister of Petroleum and Petroleum Resources Development, A. H. M. Fowzie, Ministry Secretary, W. B. Ganegala, CPC Regional Manager, CPC and Public Utilities Commission of Sri Lanka as respondents. ...more>> |
| |
|
| 01st November 2008 |
www.nation.lk |
Laugfs Gas to reduce prices from November 1
Laugfs Gas Chairman W.K.H. Wegapitiya told The Nation that gas prices would be reduced from the beginning of next month. However he was unable to specify the amount. Nonetheless the company had earlier stated that it would be able to reduce prices by Rs.120 and despite being reluctant to name an amount, Wegapitiya assured that Laugfs Gas would reduce prices as much as possible and, “might even be more” than announced earlier. ...more>> |
| |
|
| 01st
November 2008 |
www.dailynews.lk |
Gas prices down
The Government brought down the prices of Laugfs and Shell gas
from midnight yesterday. The new price of a domestic gas cylinder of Laugfs and Shell
will be Rs. 1,679 and Rs. 1,785. “This is clearly passing the benefit of the decreasing
world LP gas price to local consumers,” Trade and Consumer Affairs Minister Bandula
Gunawardena told the media yesterday. The Government had to increase and decrease the
prices of a cylinder of gas to adjust to the price fluctuation in the world market.
The blame came to the Ministry, Consumer Affairs Authority and finally to the Government.
The price of an LP gas cylinder will be adjusted by a formula. One formula has been applied
to Laugfs Gas Company and another to Shell company. ...more>> |
| |
|
Oct
| |
|
| 29th
October 2008 |
www.dailynews.lk |
Supermarket giants came together to strengthen the Api Venuwen Api campaign
Supermarket giants came together to strengthen the Api Venuwen Api campaign for the Api Venuwen Api Housing Fund by agreeing to display specially made tills in all their supermarkets. This is in addition to the existing scheme where customers can make donations through supermarket cashier points. Secretary Defence Gotabhaya Rajapakse, with Chairman John Keells, Susantha Ratnayake, Chairman Laugfs W.K.H.Wegapitiya, and Chairman Cargills, Ranjith Page, at the handing over ceremony. ...more>> |
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|
Sep
| |
|
| 16th
September 2008 |
www.dailymirror.lk |
Laugfs Solid Tyres now in European market
The first consignment of tyres
made by the Laugfs Rubber Corporation Limited, a fully
owned subsidiary of Laugfs Holdings Limited, was shipped
to a European destination last week. Understanding the
strategic advantages of Sri Lanka being a leading natural
rubber producing country in the world and recognizing
the promising export potentials to the global market,
Laugfs Rubber acquired the defunct Three-wheeler tyre
manufacturing plant from the former Sri Lanka Rubber
Export Manufacturing Corporation located at Millawa,
Horana in the year 2007. ...more>>
|
| |
|
| 15th
September 2008 |
www.dailymirror.lk |
LAUGFS
takes control of two hotels
LAUGFS Group of Companies yesterday
announced the taking over of the management control
of south’s premier three star hotel the Emerald Bay
Hotel in Induruwa and Temple Trees, a boutique hotel
in Bentota. LAUGFS Group Chairman W. H. Wegapitiya told
the Financial Times yesterday that the company took
the management control of the two hotels in a bid to
strengthen the hospitality sector arm of the group--
LAUGFS Leisure Limited. ...more>>
|
| |
|
| 07th
September 2008 |
www.sundayobserver.lk |
VET
certificate a must for revenue licence from Oct. 1
All motor vehicle owners will
have to obtain the Vehicle Emission Test (VET) Certificate
to be eligible for the Revenue Licence from October
1. A Gazette notification issued on January 25 this
year has made it mandatory that motor vehicle owners
should pass the VET to qualify for the Revenue Licence.
The objectives of the program are to minimise carbon
emission, make vehicles' fuel efficient and environment
friendly. A change of attitude towards using vehicles
which are in good condition is a long-term objective.
...more>>
|
| |
|
| 02sd
September 2008 |
www.dailymirror.lk |
Sri
Gas laugfs to new heights
Hours after Shell Gas Lanka announced
a price hike, Laugfs Gas announced a bigger hike. A
Laugfs said that based on a formula agreement entered
into with the Consumer Affairs Authority, the price
of a domestic LP gas cylinder would change every two
months, depending on cost elements. Laugfs Gas said
the price of domestic cylinder of gas would increase
by Rs. 189- from midnight last night and would sell
at Rs. 1,857. ...more>>
|
| |
|
Aug
| |
|
| 21th
August 2008 |
www.dailynews.lk |
Dialog Enterprise partners Laugfs Eco Sri
Dialog Enterprise, an integrated
business division of Dialog Broadband Networks entered
into an agreement with Laugfs Eco Sri (Pvt) Ltd to provide
voice and data communication solutions to Laugfs Vehicle
Emission Testing Programme. ...more>>
|
| |
|
| 19th
August 2008 |
www.dailymirror.lk |
Sri
Lanka CAN – The Laugfs Oil story
Laugfs Holdings Ltd., a Sri Lankan
organization headed by Mr. W.K.H. Wegapitiya that continually
challenges itself, has planned to enter the highly competitive
lubricant market which was ruled by an international
giant, Caltex. The Laugfs lubricant subsidiary was in
need of a strong communication campaign to stand out
among the competitors in the field. The lion, a key
element of the mother brand and its direction “Power
of Lanka” trickled ...more>>
|
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Jul
| |
|
| 30th July 2008 |
www.dailynews.lk |
Laugfs to set up Saltern
The Board of Investment of Sri Lanka (BoI) signed agreements
four new projects to the tune of Rs. 2.6 billion. The agreement signed with Asian
Academy of Aeronautics is for a project to set up a flying training facility which
will provide pilot training for abinition level to commercial pilot license. The company
expects to commence operations in September 2008. ...more>> |
| |
|
| 20th July 2008 |
www.sundayobserver.lk |
Laugfs lubricants for overseas markets
Laugfs Holdings which entered the local lubricant market will launch its products in the Maldives, Bangladesh and Pakistan within the next six months. The company has already begun negotiations with the Maldivian and Bangladesh partners to commence operations this year, Chairman, Laugfs Holdings Ltd, W.K.H. Wegapitiya said. Laugfs Holdings with the launch of its brands became the first Sri Lankan company to enter the highly competitive local lubricant industry. The company launched the products in Australia on the same day. ...more>> |
| |
|
| 18th July 2008 |
www.dailynews.lk |
Laugfs enters local lubricant market
Laugfs become the first ever Sri Lankan company to enter the highly competitive local lubricant industry with products manufactured with a local brand name. “The company is the first ever Sri Lankan brand on the market. Laugfs engine oils will initially be available in two distinct product lines and is intended to be Sri Lanka’s number one brand,” Chairman Laugfs Holdings Limited W. K. H. Wegapitiya said at the launching ceremony. ...more>> |
| |
|
| 17th July 2008 |
www.dailymirror.lk |
Laugfs enters lubricant industry
Makes history by launching first ever Sri Lankan brand in the market
Laugfs Group of Companies, one of the fastest growing enterprises in the country, yesterday embarked into the lubricant
industry by launching ‘Laugfs Lubricants Limited’ together with the launch of four varieties of engine oil. This is the
first-ever Sri Lankan company to enter the highly competitive local lubricant industry with products manufactured to
superior international standards. ...more>> |
| |
|
| 13th July 2008 |
www.sundaytimes.lk |
Vehicle emission tests to be made compulsory from July 15
The Environment and Natural Resources Ministry has announced that vehicle gas emission tests are compulsory. These tests effective from July 15 will be the deciding factor in renewing licences for all the motor vehicles for the following year, Ministry officials said. ...more>> |
| |
|
| 01st July 2008 |
www.dailymirror.lk |
Laugfs reduces gas by 53 rupees
Laugfs gas is to reduce the price of a 12.5 kg Cylinder by 53 rupees from midnight today bringing the revised price to Rs. 1668. ...more>> |
| |
|
| 01st July 2008 |
www.dailynews.lk |
Laugfs gas reduced by Rs.53
The prices of a domestic 12.5 kg Laugfs gas cylinder has been reduced from yesterday midnight by Rs.53.
Trade, Marketing Development, Co-operatives and Consumer Services Minister Bandula Gunawardana told the Daily News that the Consumer Affairs Authority (CAA) has informed both Shell and Laugfs gas companies to reduce the prices of both Laugfs and Shell gas respectively by Rs.53 and Rs.12 from yesterday midnight which is a price reduction compared to the gas prices evaluated in March. ...more>> |
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|
Jun
| |
|
| 12th June 2008 |
www.island.lk |
Excessive use could make cooking expensive if national policies ignored Conversion to auto gas, environmentally friendly, less costly - Laugfs
Chairman, Laugfs Holdings Limited, W K H Wegapitiya, addressing the press earlier this week said that now was the time for change; for vehicles to convert to auto gas. However, Dr A G T Sugathapala of the Moratuwa University said that LPG prices were low due to lower taxes as LPG is used for cooking purposes. He warned that unless due consideration was given to national issues, rather than the personal benefit of vehicle owners, demand for LPG may induce the government to impose heavier taxes on LPG when the demand for petrol falls. ...more>> |
| |
|
| 11th June 2008 |
www.dailymirror.lk |
Time to gas it up
Taking advantage of the increasing fuel prices Laugfs Gas Auto Ltd.
is promoting auto gas conversion insisting that it will give consumers an annual saving of
over Rs.184, 800. “Within a year Sri Lanka has seen petrol prices increase from Rs.106 to
Rs.157 per litre whilst gas increased from Rs.62 to Rs.80 which is a mere 29% compared to
the 48% increase in the case of Petrol”, Laugfs Gas Chairman W.K.H Wegapitiya said at a
press conference held yesterday. According to estimates, assuming that one uses 200 litres
of Petrol per month the saving achieved by running on Auto gas over a period of 1 year is
as much as Rs.184,800. “If there was ever a time to convert to Auto Gas, the time is now,
he added. ...more>> |
| |
|
| 08th June 2008 |
www.sundaytimes.lk |
LAUGFS to revive autogas
LAUGFS is to revitalize its autogas conversion business to attract more
motorists to this product and beat the repeated fuel price hikes. LAUGFS Holdings Chairman W.K.H.Wegapitiya
told the Sunday Times FT that Gas Auto Lanka (GAL) Ltd, a LAUGFS subsidiary, still maintain it's market
leadership in both autogas conversion sector and manages the biggest and the most expanded autogas retailing
network with 21 stations. ...more>> |
| |
|
May
| |
|
| 11th May 2008 |
www.sundayobserver.lk |
Lankan entrepreneurs lack motivation, says award winner
Sri Lankan entrepreneurs lack motivation to develop their skills and be innovative in manufacturing products that will attract international buyers, said the 2006 Entrepreneur of the Year Award winner and Chairman Laugfs Holdings W. K. H. Wegapitiya. ...more>> |
| |
|
| 08th May 2008 |
www.dailymirror.lk |
Unstable economy keeps Lanka as backward nation - Wegapitiya
Sri Lanka is still a backward nation and is facing great challenges due to an unstable economy Laugfs Chairman W.K.H Wegapitiya said.
“Sri Lanka entrepreneurs are facing great challenges as they are still a backward nation”, Entrepreneur of the Year 2006 and Laugfs Chairman W.K.H. Wegapitiya said. The entrepreneurs face challenges due to an unstable economy, unstable politicians, corruption and high inflation. In ranks that have been conducted worldwide Sri Lanka is still no where near number 1 unlike its neighbouring countries. ...more>> |
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|
Apr
| |
|
Not Available News For This Month |
| |
|
Mar
| |
|
| 04th March 2008 |
www.dailymirror.lk |
Laugfs also ups gas price
Days after the Shell gas price hike, Laugfs Gas also increased the price of a 12.5kg domestic cylinder by Rs. 261 from midnight yesterday.
Accordingly, a Laugfs 12.5 kg cylinder will cost Rs. 1721.
A spokesman for the company said that despite the approval from the Consumer Affairs Authority to increase the price of a cylinder by Rs. 371, it decided to only increase by Rs. 261. |
| |
|
| 04th March 2008 |
www.island.lk |
Laugfs up
Laugfs Gas jacked up its price of a 12.5 Kg cylinder of domestic gas by Rs. 261 from midnight yesterday.
The new price of a cylinder would be Rs. 1721. It was only last week that Shell gas increased its price and that too by Rs. 261 for a 12.5 Kg cylinder. |
| |
|
| 03rd March 2008 |
www.dailymirror.lk |
Laugfs gas too raises price
Laugfs gas will also increase the price of a 12.5kg domestic cylinder by Rs.261 from midnight today. The new price of a cylinder will be Rs. 1721. Last week the Shell gas increased its prices by the same amount. |
| |
|
| 02nd March 2008 |
www.sundayobserver.lk |
Laugfs chairman turns on the gas against CPC
Laugfs Gas Chairman W. K. H. Wegapitiya said the Ceylon Petroleum Corporation (CPC) cannot sell Liquid Petroleum Gas (LPG) when a Supreme Court decision was pending in a case filed against the CPC by Laugfs Gas. Wegapitiya said the company will take legal action against the CPC if it decides to enter the LPG market before the court decision. The Supreme Court issued an interim injunction on the CPC to sell LPG to Laugfs Gas up to July this year. ...more>> |
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|
Feb
| |
|
Not Available News For This Month |
| |
|
JAN
| |
|
| 02nd March 2008 |
www.sundayobserver.lk |
Laugfs chairman turns on the gas against CPC
Laugfs Gas Chairman W. K. H. Wegapitiya said the Ceylon Petroleum Corporation (CPC) cannot sell Liquid Petroleum Gas (LPG) when a Supreme Court decision was pending in a case filed against the CPC by Laugfs Gas. Wegapitiya said the company will take legal action against the CPC if it decides to enter the LPG market before the court decision. The Supreme Court issued an interim injunction on the CPC to sell LPG to Laugfs Gas up to July this year. ...more>> |
| |
|
| 20th January 2008 |
www.sundaytimes.lk |
Stop CPC from selling LP gas: Laugfs tells President
Laugfs Gas (Pvt) Ltd has requested President Mahinda Rajapaksa to direct the Ceylon
Petroleum Corporation not to go ahead with its plan to sell its brand of LP gas at a lower price. The move
came after the CPC disclosed this week that it would be venturing into the local LP gas market as a means
of providing consumers with a cheaper alternative for the high priced LP gas being presently sold in the
country. ...more>> |
| |
|
| 20th January 2008 |
www.sundayobserver.lk |
Drop in world gas prices likely in March
Industrial analysts said that the world gas price may drop in March this year.
Laugfs could pass that benefit to the customers, Laugfs Gas Chairman W. K. H. Wegapitiya said. Gas companies
entered into an agreement with the Consumer Affairs Authority (CAA) for a "formula pricing mechanism" last
year and revised prices at the beginning of this year. Wegapitiya said that the new price revision has been
done according to the pricing formula. ...more>> |
| |
|
| 10th January 2008 |
www.dailynews.lk |
Investing in bad time paid for Laugfs
A young marketing graduate from the Sri Jayawardhanapura University
set up Sri Lanka’s first auto gas converting plant in 1995. Today it is on course to taking
his local brand name global. “I want to make Laugfs a world renowned name similar to 3M and
Caltex long time ago,” Chairman, Lanka Auto Gas Fuel Systems (LAUGFS) W. K. H Wegapitiya said.
For a person hailing from a remote hamlet in Balangoda it was an impossible dream even to think
that he could take his business overseas within a short span of eight years after starting a business. ...more>> |
| |
|
| 06th January 2008 |
www.sundayobserver.lk |
Price hike on LPG inevitable - Laugfs Chairman
A price hike on a cylinder of Liquid Petroleum Gas (LPG) was inevitable due to the
steadily increasing world crude oil prices and the demand for LPG gas, said Chairman, Laugfs Gas Holdings
(Pvt) Ltd. W. K. H. Wegapitiya. He was addressing the media on the price revision of a 12.5kg Laugfs LPG
cylinder which came into effect from January 3. Laugfs Gas Ltd. obtained approval from the Consumer Affairs
Authority (CAA) to increase the price of a cylinder by Rs. 212. The revised price of a 12.5kg LPG Laugfs
cylinder is Rs. 1,460. ...more>> |
| |
|
| 05th January 2008 |
www.island.lk |
Laugfs Gas predicts price reduction amidst LPG price hike
Laugfs Holdings Ltd. predicts consumers will be able to enjoy reduced domestic
cylinder prices from March or April this year. The company announced a price hike of Rs.212 last week
bringing the price of Laugfs’ 12.5 kg domestic LPG cylinder to Rs.1460. This price revision was possible
after a lengthy legal tussle with the Consumer Affairs Authority (CAA) ended with both parties recognizing
a pricing formula which will enable the company to adjust its domestic prices according to world crude
oil prices. ...more>> |
| |
|
| 04th January 2008 |
www.dailynews.lk |
Laugfs calls for proper entry mechanism
Laugfs Gas Chairman called on the Government to have a proper entry mechanism for new players who enter the gasoline business.
Laugfs Gas Chairman W.K.H Wegapitiya
Picture by Sumanachandra Ariyawansa.
Chairman of Laugfs Holdings Limited W. K.H Wegapitiya said there should be more players in the industry but new players who enter the market recently could not survive in the market.
“Due to these fly-by-night players many consumers faced difficulties,” he told a media briefing yesterday. ...more>> |
| |
|
| 03rd December 2008 |
www.dailymirror.lk |
Laugfs gas up by Rs. 212 from midnight
Laugfs Gas has decided to increase the price of a 12.5 gas Cylinder by Rs.
212 from midnight today. With the price revision a 12.5 gas Cylinder will be sold at Rs. 1460. The
price will be revised every two months according to a new formula. ...more>> |
| |
|
2007
Dec
| |
|
| 30th December 2007 |
www.sundaytimes.lk |
Laugfs moves into solid tyres, hotels
Laugfs Holdings plans to construct its own gas terminal and also expand market penetration in LP Gas both in the domestic and industrial sectors next year, the company said.
Group Managing Director Thilak De Silva said Laugfs branded lubricants will be in the market place during the first quarter of the year while commercial production of one of the company’s biggest investment made in the recent past -- manufacture of solid and industrial tyres -- will commence during May/June and will be exporting the products to North American markets initially. Laugfs will install its facilities for Vehicle Emission Testing of the entire vehicle fleet of the country by April 2008 under the licence of the Department of Registrar of Motor Vehicles. De Silva said they would also start construction of the proposed seven star “small luxury” hotel in Marawila of the west cost by mid 2008. |
| |
|
| 17th December 2007 |
www.dailymirror.lk |
Vehicle emission testing from 2008
The Vehicle Emission Testing (VET) programme will be implemented
in next year. It is mandatory for vehicle owners to obtain the VET certifications from 2008.
The VET programme was officially launched last month. CleanCo, Lanka (Pvt) Ltd and Laugfs
Eco Sri have been selected to implement the programme from April next year.These companies
will invest Rs. 1 billion to import testing machinery and set up testing stations islandwide. ...more>> |
| |
|
| 17th December 2007 |
www.dailymirror.lk |
Laugfs diversifies into property development
Laugfs Property Developers launched their condominium project, Havelock Heavens,
last week. The ceremonial launch was held at Ceylon Continental with the Heads of Laugfs Holdings. Laugfs
Holdings General Manager Keerthi Gunasekara said the company has diversified and ventured into the property
development sector as well. Havelock Havens has been designed in keeping with the ‘urban lifestyle’
living in mind. He added that the site on which it stands is a much sort after location with banks and
schools nearby. ...more>> |
| |
|
| 12th December 2007 |
www.dailynews.lk |
Laugfs diversifying to property development
Laugfs Holdings Limited has diversified its business to property development. "We have invested Rs. 515 million on our new project "Havelock Haven" by our new venture Laugfs Property Developers (Pvt) Ltd. This project mainly caters to people who are looking for a relaxed healthy life in this busy world," Chairman, Laugfs Holding Limited, W.K.H. Wegapitiya said at a press conference held yesterday. ...more>> |
| |
|
| 10th December 2007 |
www.island.lk |
Wegapitiya - ‘National Entrepreneur of the Year'
The highest national level recognition for the local entrepreneurship talent, the Sri Lankan Entrepreneur of the Year awards, organized by the Federation of Chambers of Commerce and Industry of Sri Lanka was concluded at the BMICH last week with W K H Wegapitiya, Chairman, Laugfs Holdings Ltd. clinching the Sri Lankan National Entrepreneur of the Year 2006 –Platinum Award. ...more>> |
| |
|
| 09th December 2007 |
www.sundaytimes.lk |
Top Lankan entrepreneur says life not a bed of roses
The need for a conducive environment for entrepreneurship to flourish with macro economic stability, peace and good governance, was last week emphasised by Norwegian Ambassador in Sri Lanka Tore Hattrem. Speaking as the chief guest at the 12th Annual Sri Lankan Entrepreneur of the year 2006 Award ceremony organized by the Federation of Chambers of Commerce and Industry (FCCISL),he said entrepreneurs have a crucial role to play in Sri Lanka as economic growth is decisive for the country's lasting development. ...more>> |
| |
|
| 06th December 2007 |
www.dailynews.lk |
Laugfs wins Lankan Entrepreneur of the Year award
Chairman of Laugfs Holdings Limited W.K.H. Wegapitiya received the award for Sri Lankan
Entrepreneur of the Year. The Sri Lankan Entrepreneur of the Year Awards ceremony organised by the Federation
of Chambers of Commerce of Sri Lanka (FCCISL) for the 12th consecutive year was held at the BMICH last Friday.
Norwegian Ambassador Tore Hattrem who was the chief guest said entrepreneurship is one of the most important
methods to overcome the poverty levels in Sri Lanka, because it improves the standard of living of the rural
population and leads to regional development. ...more>> |
| |
|
| 02nd December 2007 |
www.sundayobserver.lk |
Be Lankan, buy Lankan
The winner of the Platinum award Chairman Laugfs Holdings Limited W.K. H.
Wegapitiya in an inspiring speech at the 12th annual award ceremony organised by the Federation
of Chambers of Commerce and Industries (FCCI) on Friday called upon all Sri Lankans to be Sri
Lankan and buy Sri Lankan. He said that becoming an entrepreneur is like giving birth to a child
and nurturing him. It is not a destination but a journey. All the hardships and challenges I went
through during the past 17 years have now started to pay dividends. ...more>> |
| |
|
Nov
| |
|
| 29th November 2007 |
www.dailynews.lk |
Laugfs ventures into leisure sector
Laugfs Holdings is diversifying its business into the leisure
sector with a Rs. 500 million investment on a small luxury hotel. The project is
targeted to be completed within eighteen months, General Manager, Laugfs Leisure
Limited, Aruna Jayalath said. Jayalath said the construction of the project will
start in January 2008. They have also applied for membership with the Small Luxury
Hotels Association (SLHA)in UK. There are only three Sri Lankan hotels who are members
of this organisation. SLHA has commenced inspections on this project. ...more>> |
| |
|
| 25th November 2007 |
www.sundayobserver.lk |
LAUGFS “awakening Sri Lanka”
The incredible chain of events unraveled bringing in its wake
a resurgence awakening fellow Sri Lankans giving them the confidence to take on the
world not so long ago in a humble note when HE not from an elite background sans financial
muzzle started a silent revolution that has now become a legend -Laugfs "The Power of Lanka" and giver of energy to power. The legendary corporate visionary W K H Wegapitiya and his
awesome enterprise have been crowned again honouring his enterprising effort with the Sooriya
Singhe Award at the BMICH.
Armed with a BSc Degree from the University of Sri Jayewardenepura and specialized knowledge
and expertise gained in successfully completing a course of study in Energy at Energy School
affiliated to Oxford University, the Ceylon Shipping Corporations "Shipping Trainee" made his
debut to the corporate world with a mere Rs.5000/- as capital when he incorporated his first
freight forwarding company in 1990 and then to Gas it Auto Lanka (Pvt) Limited...a pioneering
venture and a landmark Endeavour in the country's history when he introduced LPG as an alternate
fuel for motor vehicles in Sri Lanka.
Laugfs Gas (Pvt) Limited the flag- ship company of Laugfs Group is the second largest downstream
LPG player in the country having gained almost a 30% market share within seven years. It's the
3rd largest petroleum retailer and the only local lubricant company. Laugfs today is a household
word with a portfolio of fifteen companies engaged in a wide spectrum of manufacturing and
marketing activities and within a relatively short span of 12 years W K H Wegapitiya Chairman
of Laugfs Holdings Limited today, leads a vast business conglomerate having an average annual
turnover well above Rs.12 billion...!
Constant change, new ideas and innovation has been
the hallmark of our business ethics said Wegapitiya with trailblazer ventures as Sunup
Supermarkets -the first and only 24 hour Supermarket chain in Sri Lanka with 15 outlets and
plans for 25 more, Laugfs Engineering - developing multi day and long liner boats for the
fisheries industry, Laugfs Aqua Systems -a state of the art Drinking Bottled Water plant with
a daily capacity of 3500 bottles, Laugfs Corporation (Coir)- manufacturers of rubberized coir
mattresses for local and international markets, Laugfs Property Developers -Developers of luxury
condominium apartment complexes, Laugfs Leisure -Resort Chain delivering the best of international
hospitality standards with famed Sri Lankan warmth and care, Laugfs Restaurants -Restaurant chain
aiming to provide authentic oriental cuisine with both a la carte as well as take away and delivery
services.
Laugfs recently ventured out into attaining multinational status having successfully gained entry
into the Australian market. Laugfs Aus- tralia (Pte) Limited is one of the largest Auto Gas
Converters in Western Australia pioneering as an Asian Company fully geared to convert petroleum
driven vehicles to Liquid Petroleum Gas.
Further Laugfs Australia has taken over a leading Australian Car products brand "Super Roo"
which has its manufacturing facility in Melbourne, Victoria and currently manufacturing and
exporting "Super Roo" products to various foreign markets. The Australian government has granted
considerable monetary incentives to Laugfs in the venture and it intends commencing similar ventures
in India, Pakistan, Middle East, Jamaica, New Zealand, Fiji Island and Iran.
Speaking of future plans, he said that in the near future Laugfs Group plans to set up a milk processing
plant to wrest Sri Lankan's from the clutches of menacing foreign milk food giants and offer all of us
a wholesome and nourishing milk at an appealing price. We also have plans to start a slattern and a
chemical plant in Hambantota to produce chlorine and caustic soda for both the domestic market and
for export said Wegapitiya concluding the brief but interesting minutes I spent with this awe-inspiring
son of Mother Lanka. |
| |
|
| 18th November 2007 |
www.sundaytimes.lk |
Clean Co and Laugfs invest over Rs 1 billion for emission testing
Two private companies Clean Co Lanka (Pvt ) Ltd and Laugfs Eco Sri (Pvt) Ltd are to invest
over Rs 1 billion to implement the Government’s Vehicle Emission Testing programme aimed at creating air pollution
free environment for the benefit of future generations. These two companies have been selected for this Public
Private sector Partnership in a transparent tender procedure to issue emission testing certificates following an
emission test on vehicles with...more>> |
| |
|
| 15th November 2007 |
www.dailymirror.lk |
Laugfs Gas files petition to challenge LPG tender
SC grants permission to proceed with FR violation petition
The Supreme Court yesterday (14) granted permission to proceed with the
fundamental rights violation petition filed by Laugfs Gas (Pvt) Ltd challenging the tender bid of
Liquefied Petroleum Gas (LPG).Petitioner Company’s fundamental right to equality and freedom to
engage in any lawful trade, business and enterprise.Court also issued interim order preventing
the respondents from evaluating or making an award pursuant to bids received until the final determination
of this matter. The matter was listed for hearing on February 18....more>> |
| |
|
| 14th November 2007 |
www.dailynews.lk |
CleanCo, Laugfs to implement vehicle testing
CleanCo Lanka (Pvt) Ltd and Laugfs Eco Sri (Pvt) Ltd have been selected to implement the vehicle emission testing programme from April 2008.The companies will invest Rs. one billion and Rs. 500 million each to get down testing machines and set up a total of 66 fixed and mobile testing stations islandwide including the North and East. Each company will set up 16 fixed testing stations and 17 mobile test stations and will issue the VET (vehicle emission test ) certificates....more>> |
| |
|
| 05th November 2007 |
www.dailymirror.lk |
LAUGFS Gas wins Productivity Award for Service to the Nation
LAUGFS Gas (Pvt.) Ltd, the flagship company of LAUGFS Holdings, celebrated reaching
its 6th year in service to the nation by taking home the 2nd runner-up award in the Western Province at the
recently concluded ‘Provincial National Productivity Awards - 2006’, conducted by the National Productivity
Secretariat coming under the purview of the Ministry of Labour, The ceremony was held in Matara recently....more>> |
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Oct
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|
| 14th October 2007 |
www.dailynews.lk |
Laugfs Chairman wins Asian Grid Leadership Award
The Awards Committee of the 9th Annual Convention on
Leadership has conferred the Asian Grid Leadership Award for Excellence in
Entrepreneurship to Laugfs Chairman W. K. H. Wegapitiya. This award has been
sponsored by Grid Consultants Pvt. Ltd., pioneers in leadership training in India.
Wegapitiya is the Chairman of Laugfs Holdings Ltd, having started his career as a "Shipping Trainee" at Ceylon Shipping Corporation.His entrepreneurial startup began in 1990, with a
capital of Rs. 5,000. ...more>> |
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| 14th October 2007 |
www.sundaytimes.lk |
Wegapitiya wins prestigious entrepreneurship award
Picture shows Wegapitiya receiving the award from Prof. P.V.Ramana.
Laugfs Holdings Chairman W.K.H.Wegapitiya was recently presented the “Asian Grid Leadership Award” for “Excellence
in Entrepreneurship-2007” at the Ninth Annual Convention on Leadership -2007 held in Mumbai, India.
The Nehru Singh Foundation of India annually selects and honours individuals from different Asian countries in
different fields who has contributed for leveraging human potential and achieving excellence in different fields.
Wegapitiya was the only Sri Lankan nominated and selected this time to receive this prestigious award in this year.
He was conferred the “Asian Leadership Award for Excellence in ...more>> |
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| 08th October 2007 |
www.dailymirror.lk |
Wegapitiya receives Asian Grid Leadership Award
Laugfs Holdings Limited Chairman W.K.H. Wegapitiya, was recently awarded the “Asian Grid
Leadership Award” for “Excellence in Entrepreneurship-2007” at the Ninth Annual Convention on Leadership -2007
held in Mumbai, India on September 28. Nerhu Singh Foundation of India annually select and honor individuals
from different Asian countries in different fields who has contributed for leveraging human potential and achieving
excellence in different fields. Mr.Wegapitiya was the only Sri Lankan nominated and selected this time to receive
this prestigious award in this year....more>>
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| 2nd October 2007 |
www.dailynews.lk |
New gas terminal for Laugfs
The estimated cost of this project will be US $ 10 to 15 million. Laugfs Lanka
Gas Limited will meet 50 per cent of this expenditure while the balance is expected from local banks,
Ranasinghe said. "With the installation of the new gas tanks in Galle, we will be able to save a considerable
amount which will be spent for transport. Various other constraints such as wastage and delaying of the ships
could also be eliminated, he said. ... more>> |
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Sep
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| 23th September 2007 |
www.sundayobserver.lk |
Laugfs LPG import terminal to enhance supply
Laugfs Holdings Ltd. will construct the Liquid Petroleum Gas (LPG)
import terminal at a cost of US$ 10 million in the Galle Harbour by the end of this year.
The import terminal which will be built on land provided by the Southern Development Authority
will commence commercial operations by the end of next year. Chairman, Laugfs Holdings W.K.H.
Wegapitiya said the import terminal in Galle will help to supply gas to the southern and eastern
areas and overcome the shortage in the country. Land preparations and terminal designing are being
done with the assistance of the Colombo Dockyard and foreign companies....more>> |
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| 09th September 2007 |
www.sundaytimes.lk |
New Laugfs LP Gas filling complex in Galle
A mega gas filling complex is to be built in close proximity to the port of Galle by Laugfs Gas Company Limited with an investment of one billion rupees. The project will be implemented in collaboration with Sri Lanka Southern Development Authority with a view to increase the company's LPG refilling capacity. This will be a new fully facility cylinder filling facility. The entire operation is controlled by a computer system which ensures accurate quantity and consistency. Hence, customers will be ensured with correct quantity of gas for the price they are paying....more>> |
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| 09th September 2007 |
www.sundaytimes.lk |
Back to the roots for Wegapitiya - Successful Entrepreneurs
His family and their ancestors probably owned a village off the town of Balangoda but
Wegapitiya Kattiyage Hemachandra Wegapitiya had tough times during university life and probably his most
embarrassing moments. The young man, studying Business Administration at the Sri Jayawardanapura University,
was short of cash and like any other student from rural Sri Lanka ate on credit from the nearby ‘Matara Bath
Kade'. The university had closed for the vacation and he had just 25 cents in his pocket in around 1985.... more>> |
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| 07th September 2007 |
www.dailymirror.lk |
SC grants permission for Laugfs gas price increase
Following the price increase by Shell Gas Company, the Supreme Court yesterday
allowed Laugfs Gas Pvt. Limited to increase the price of a 12.5 kg LP gas cylinder from Rs. 1060 to Rs. 1248.
The Court allowed the price increase of Rs. 188, when Laugfs filed a motion complaining that the Consumer
Affairs Authority (CAA) had failed to allow a price increase of its LP gas. ...more>> |
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|
| 07th September 2007 |
www.dailymirror.lk |
Laugfs gas up by Rs. 188
Laugfs Gas yesterday announced an immediate price increase of Rs. 188 on a 12.5 kg cylinder of gas following a Supreme Court ruling that went in its favour. A domestic Laugfs cylinder of gas will now be sold at Rs. 1248, the company said.
Laughs Gas filed legal action against the Consumer Affairs Authority (CAA) seeking intervention to increase gas prices after Shell Gas announced a similar hike recently. ...more>> |
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|
| 03rd September 2007 |
www.dailynews.lk |
Laugfs tyres for Aussie market
Sri Lanka is being considered as the “Capital City” of the solid tyres to the international market, which accounts for 35% of the world Solid Tyre manufacture and exports, out of which 23% is by Loadstar.
For the purpose of exporting solid tyre LCRL’s total investment for the solid tyre plant, which includes plant machinery, infrastructure development, pre-operational expenses a 2.43 hectares land has been chosen, Chief Executive Officer (CEO) Ananda Hadunge said. ...more>> |
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| 02nd September 2007 |
www.nation.lk |
Laugfs pleads for `even one rupee increase’ in gas price
The Sri Lankan owned LPG Company, Laugfs Lanka Limited has appealed to the Consumer
Affairs Authority (CAA) to give them at least a ‘one rupee' increase following the Authority's decision to permit
Shell Gas to increase prices. Laugfs chairman W. K. H. Wegapitiya told The Nation, “Our company, is a 100% locally
owned firm which perhaps is why we are given step motherly treatment by the CAA. I don't understand why they cannot
allow us to increase prices even after the Supreme Court ordered the Authority to let us increase the prices,”. ...more>> |
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Aug
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| 20th August 2007 |
www.sundaytimes.lk |
LAUGFS to invest Rs. 350 mln in tyre plant
LAUGFS, the LPG company which has diversified into
many areas including restaurants and apartments, will invest another Rs.
350 million in the next three months at their tyre manufacturing plant in
Millewa, a company official said. “At LAUGFS Rubber (Pvt) Limited in Millewa-Horana
we will start making ‘solid tyres’ used for forklifts and other heavy machinery,” Thilak de Silva, Managing Director, LAUGFS told The Sunday Times FT. ...more>> |
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| 12th August 2007 |
www.sundaytimes.lk |
Laugfs Group enters Aussie automobile gas market
The Laugfs Group has entered the growing Australian auto gas market in big way by commissioning its first auto gas conversion facility in Perth, Western Australia.
Laugfs Australia Pty Ltd is a 100 % owned subsidiary of Laugfs Holdings Ltd, Sri Lanka’s only fully fledged energy company diversified in downstream LPG, Petroleum retailing, and lubricant distribution activities. ...more>> |
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| 12th August 2007 |
www.sundayobserver.lk |
Laugfs enters Australian Auto Gas Market
Laugfs last week commissioned its very first Auto Gas Conversion facility in Perth, Western Australia.
The facility was inaugurated in Carlisle, Perth under the patronage of the Chief Guest, Steve Arott, General Manager-Investment Attraction, Department of Industry and Resources, Government of Western Australia. ...more>> |
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| 09th August 2007 |
www.dailynews.lk |
Laugfs enters Australian market
LAUGFS, THE Sri Lankan diversified energy company that is also hailed as the pioneer of Sri Lanka's Auto Gas industry took a bold step forward, late last week by commissioning its very first Auto Gas Conversion facility in Perth, Western Australia.
The facility was inaugurated on August 2 in Carlisle, ...more>> |
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| 09th August 2007 |
www.island.lk |
Laugfs enters Australian auto gas market
Laugfs, the Sri Lankan diversified energy company that is
also hailed as the pioneer of Sri Lanka's auto gas industry, took a bold step
forward late last week by commissioning its first Auto Gas Conversion facility
in Perth, Western Australia. Representing Laugfs Holdings The facility was
ceremonially inaugurated on August 2, 2007 in Carlisle, Perth under the patronage
of the Chief Guest, Steve Arnott, General Manager-Investment Attraction,
Department of Industry & Resources, Government of Western Australia. ...more>> |
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| 08th August 2007 |
www.dailymirror.lk |
Laugfs ventures into Australia
First step taken to becoming a multinational company; largest auto gas
conversion facility in Perth LAUGFS Group announced yesterday
the commissioning of its first Auto gas conversion facility in Perth, Western Australia thus
fulfilling its long term plan of becoming multinational group. Accordingly the Laugfs Australia
Private Limited, a hundred percent owned subsidiary of Laugfs Holdings Limited commenced its
operations Australia under the patronage of General Manager Investment Attraction .... more>> |
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Jul
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| 10th July 2007 |
www.dailymirror.lk |
|
Laugfs supermarkets opened at two key locations |
|
Two of Laugfs Supermarkets were opened recently at Pannipitiya and Koswatta (left & Middle).
(Right) Mr. Wegapitiya is seen in conversation with Unilever Chairman Amal Cabraal at the Pannipitiya opening.
|
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|
| 05th July 2007 |
www.colombopage.com |
LAUGFS of Sri Lanka wins a court ruling allowing gas price hike
Lanka Auto Gas Filling Stations (LAUGFS), the second player in Sri Lanka gas market,
will increase the price of a 12.5 kilo gas cylinder from current Rs. 956 to Rs. 1060 from midnight today
following a Supreme Court injunction order preventing the Consumer Affairs Authority halting the price hike.
The LAUGFS sought the legal right through courts to increase the price of LP gas cylinder after the Consumer
Affairs Authority declined the company's request to increase gas price......more>> |
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| 01st July 2007 |
www.lakbimanews.lk |
Pricing formula to be implemented
Shell allowed to increase price while Laugfs faces step-motherly treatment
Despite the Supreme Court order to submit a pricing formula by July 5, 2007 to
sort the current crisis in the domestic LP gas market, Consumer Affairs Authority (CAA) recently
allowed the Shell Gas Company to increase its price while Laugfs Gas (Pvt.) Ltd. receives a step
mother treatment..... more>> |
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|
| 01st July 2007 |
www.nation.lk |
President has failed to keep promises - LAUGFS
LAUGFS Holdings chairman W.K.H. Wegapitiya has hit out at President Mahinda
Rajapaksa for failing to promote local entrepreneurs.The statement came after the government allowed
only multi-national company Shell to increase prices of their Liquefied Petroleum Gas (LPG) filled
cylinders, but refused to give approval to Laugfs, a 100% locally owned company to increase their
prices despite continuous request made during the past four months. “The President came into power
promising to promote local entrepreneurs but we see that the “Mahinda Chinthana” policies have not
been implemented and not being adhered to,” he told The Nation......more>> |
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Jun
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|
| 26th June 2007 |
www.colombopage.com |
Sri Lanka gas company halts imports due to losses
The move has caused a dearth of gas in the Sri Lanka market.
LAUGFS, the second of Sri Lanka's two gas trading companies, has halted the
importation of gas as the company has been losing money from imported LP gas for the last six months.
The move has caused a dearth of gas in the Sri Lanka market.
The company has not halted the selling of cylinders filled with LP gas purchased from the Ceylon
Petroleum Corporation (CPC). However, a company spokesperson said the amount purchased from the
CPC fills only 30% of their market.....more>> |
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| 23th June 2007 |
www.dailymirror.lk |
Laugfs suspends LPG imports as losses mount from Govt’s failure to grant price hike
Laugfs Gas Lanka Limited the second player in the LPG business announced yesterday
that company has stopped importation of LPG indefinitely because of the heavy losses in the operations
following government's failure to grant a price hike.Senior official attached to LAUGFS Group told Daily
FT that this decision was taken after taking into consideration of all the options available where company
.....more>> |
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|
| 19th June 2007 |
www.dailymirror.lk |
Sri Lanka China Biz Council members clinch export orders at Kunming Fair
The Sri Lanka – China Business Council (SLCHBC) members who participated at the Kunming
Fair for the first time returned to Sri Lanka with a success story. The Council which functions under the
aegis of the Ceylon Chamber of Commerce took advantage of the opportunity offered by the Kunming Fair
organizers not only to lead a delegation to Kunming Fair but also to showcase the Sri Lankan products.
The seven member delegation which was lead by Mr Shamil Mendis, President, of SLCHBC and Deputy Chairman
of Delmege Forsyth & Co. (Exports) comprised Mr. Gamini Kumarage, Managing Director and Mr. Thusith
Jayasuriya, Manager – Exports of Delmege Forsyth & Co. (Exports) Ltd, Mr. Mahinda Wanniarachchi and
Mr. P Samantha Ratna Kumara, Directors of Ceylon Fresh Teas (Pvt) Ltd. Mr. B M A Chinthaka Wegapitiya,
Manager- Marketing, Laugfs Corporation (Coir) Limited, .... more>> |
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| 12th June 2007 |
www.dailymirror.lk |
Laugfs to open three more Supermarkets
Laugfs Holdings will open up three more Sun Up Supermarkets in Thaluwathugoda,
Battaramulla and Hendala as part of its expansion drive “We are the first people to change the era
of supermarkets by opening 24 hours one stop market for the first time in Sri Lanka”, Laugfs
Holdings Chairman W.K.H Wegapitiya stated last week.There are 10 chains in Colombo and we are hoping
to take them out of Colombo as well like Galle, Ratmalana and other places, he added..... more>> |
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| 05th June 2007 |
www.dailymirror.lk |
Losing Rs. 1 b, Laugfs files FR case to up LPG price
Laugfs Gas (Pvt) Ltd filed a fundamental rights violation petition against the
Consumer Affairs Authority before the Supreme Court for a declaration from the court that it is
entitled in law to effect the price increase for the domestic Liquefied Petroleum Gas (LPG).
It cited Consumer Affairs Authority, its acting Director D.K.J. Amarasinghe and the Attorney
General as respondents. .... more>> |
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May
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|
| 26th May 2007 |
www.dailynews.lk |
Laugfs 'JADE' - 1st anniversary on grand scale
The first anniversary of the Jade Restaurant, Jubilee Post, Mirihana, Nugegoda was celebrated on a grand scale yesterday, amidst a host of VIPs and other leading personalities in the hospitality industry.Jade Restaurant is the first of a chain of authentic Chinese restaurant which are being set up by Laugfs at strategic locations. more>> |
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| 19th May 2007 |
www.lankanewspapers.com |
LAUGFs face huge losses
The LAUGFS Holdings Limited has incurred a heavy loss of Rs.27,000 million this month and Rs.20 million last month as the Consumer Affairs Authority (CAA) rejected the application for gas price increase of 12.5 kg gas cylinder by Rs.157.
LAUGFs Holdings Managing Director Tilak de Silva told The Island that for the last 17 months,the company had been requesting the CAA to increase the price of 12.5 kg gas cylinder by Rs.157 to adjust the world market price escalations which had caused several problems in the retail price of gas.... more>> |
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| 17th May 2007 |
www.dailymirror.lk |
Laugfs set to franchise rural fuel stations
Literally fuelling another revolution Laugfs Holdings Limited is set to franchise
rural fuel stations that are being operated by private owners to upgrade their services by providing
them with car care services through Laugfs Lubricants Ltd. which fulfills a range of vehicle needs.
Speaking yesterday at the launch of the premium Australian car care brand Polyglaze in Sri Lanka
Laugfs Holdings Chairman W.K.H Wegapitiya... more>> |
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|
| 16th May 2007 |
www.dailymirror.lk |
Gas up before due date
Shell Gas and Laugfs increased their LP gas prices with effect from
midnight on Monday despite the Consumer Affairs Authority granting them permission for a price
hike only from May 26. According to the latest hike, the price of a domestic cylinder of Shell
gas which cost Rs. Rs. 960 has been increased to Rs. 998
(in Colombo) – up by Rs. 38... more>> |
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|
| 15th May 2007 |
www.colombopage.com |
Sri Lanka’s gas prices increased
prior to the expected date
May 15, Colombo: Sri Lanka’s gas prices were increased from midnight
yesterday prior to the earlier decided due date of 26th May. Consumer Affairs Authority
(CAA) has granted permission to increase the prices. Accordingly the price of a 13.5 kg
Shell gas cylinder is to be increased by Rs. 38 from Rs. 960 to Rs. 998. A similar cylinder
of Laugfs gas is to go up by Rs. 20 from Rs.939 to
Rs. 959... more>> |
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|
| 11th May 2007 |
www.dailynews.lk |
President intervenes to resolve gas crisis
President Mahinda Rajapaksa yesterday urged Gas Companies to sort out their
grievances with the Consumer Affairs Authority (CAA) in a manner the consumer public will not be
unreasonably burdened. Following a cordial discussion with the Management of Shell Gas Lanka,
Laugfs Holdings ... more>> |
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| 11th May 2007 |
www.dailymirror.lk |
President meets Shell, Laugfs to resolve LPG crisis
President Mahinda Rajapaksa yesterday had a meeting at Temple Trees with the
main LP Gas suppliers Shell and Laugfs along with the officials of the Consumer Affairs
Authority and Treasury to resolve the LPG supply situation and pricing. |
| |
|
| 08th May 2007 |
www.colombopage.com |
Gas prices to go up amid shortage in Sri Lanka market
May 08, Colombo: Sri Lanka government has nodded a
price hike for Shell and Laugfs gas companies from 26th May while a
shortage prevails in the local market. Shell gas distribution has
lessened since the recent Tamil Tiger air raid in Muthurajawela near
Colombo which caused some minor damage to the Shell gas
terminal.Consumers lament that they cannot find gas cylinders from
the market although the Shell gas says the shortage is nominal and the
problem will soon be solved...more>> |
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Apr
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|
| 22th April 2007 |
www.sundaytimes.lk |
Laufgs signs lubricant deal with Government
Laugfs Holdings Ltd signed a historic agreement With the Government of Sri
Lankan on Thursday to engage in the business of import and selling of lubricants in Sri Lanka.
"Laugfs" was first to sign the agreement with the Government With the full liberalization of
the Lubricant market in the country out of seven new players selected after stringent process
of evaluation. Mr. A.P.A. Gunasekara, Secretary and Mrs. Kanthie Wijetunga, Additional Secretary
to the Ministry of Petroleum and Petroleum Resources signed the agreement on behalf of the
Government and Mr. W.K.H. Wegapitya chairman "Laugfs" and managing Director Mr. Thilak de Siva
signed on behalf of the company. |
| |
|
| 20th April 2007 |
www.dailynews.lk |
Laufgs enters lubricant market
AGREEMENT: Laugfs Holdings signed an agreement with the Government
yesterday to engage in the business of importing and selling lubricants in Sri-Lanka.
Laugfs was first to sign the agreement with the Government with the full liberalisation
of the lubricant market in the country out of seven new players selected after a
stringent process of evaluation.more>> |
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|
| 15th April 2007 |
www.sundayobserver.lk |
LAUGFS to enter Australian auto market with A $ 2 m investment
LAUGFS Gas Company, a pioneer auto gas converting company
in Sri Lanka will enter the Australian Auto market with an investment of Australian $ two million.
The first Sri Lankan team of Auto gas convertion services left for Australia
on Monday and they expect to commence operations in Australia by the end of
this month. more>> |
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|
| 08th April 2007 |
www.sundaytimes.lk |
Big time for LAUGFS, as it wins lubricant licence
The LAUGFS group this week won a hard-fought licence
to market lubricants in a battle that nearly ended in courts owing to what
is said was unfair criteria. The organization also announced plans to enter
the Australian market this month to provide vehicle conversions from petrol
to LPG – joining the ranks of Dilmah, MAS, Virtusa or Damro as a Sri Lankan
multinational.more>> |
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|
| 06th April 2007 |
www.dailymirror.lk |
Laugfs Gas aims to be multinational with Aussie venture first
Laugfs Gas Company will be exploring new horizons down under with an
investment of Australian $ 2 million in the auto gas conversions sector, which will be
kicking off operations by the end of this month.
This new venture will also grant
Laugfs “multinational” status, as the first energy company in Sri Lanka to branch out
into operations overseas. The main reason for this venture as outlined by the Laugfs Gas
Company Chairman W.K.H Wegapitiya is a grant of US$ 3 000 given by the Australian government
for owners to convert their cars into gas.
more>> |
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|
| 06th April 2007 |
www.dailynews.lk |
Laufgs enters lubricant market
NEW PRODUCT: Laufgs has been given the go-ahead by the
Government to import, distribute and sell their branded lubricants in Sri Lanka. The official
agreement with the Government is to be signed next week.
Chairman of the LAUFGS Holdings
W.K.H Wegapitiya said the company will import bulk of the lubricants from Singapore, but expects
to establish a blending plant in Sri Lanka in the near future.more>> |
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Mar
Not Available For This Month
Feb
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|
| 09th February 2007 |
www.dailynews.lk |
CPC going for open tender on LPG?
Ceylon Petroleum Corporation (CPC) is analyzing
going for a open tender to sell Liquid Petroleum Gas (LPG).
Chairman of the CPC Asantha de Mel told the Daily News that
they are in the process of checking whether this tendering
is against the consumer protection laws of the country. “At
the moment our legal officers are in the process of finalizing
this”, he said. more>>
|
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|
| 08th February 2007 |
www.lankabusinessonline.com |
Open tendering will worsen Sri Lanka gas monopoly: Laugfs
A decision by the Ceylon Petroleum Corporation to tender
its liquid petroleum gas output in the open market will re-create an absolute
monopoly, Sri Lanka's second gas retailer has said. CPC which produces about 10
percent of the country's annual L P gas requirements now sells its production to
Laugfs Lanka, for retail distribution.more>> |
| |
|
| 06th February 2007 |
www.lankabusinessonline.com |
LP Gas output of Sri Lanka state refinery to be sold by open tender from April
Ceylon Petroleum Corporation would call open tenders to sell
the liquid petroleum gas produced at its refinery, Petroleum Minister A H M Fowzie
said Laugfs Gas, the company which had a 5-year contract to buy the LP Gas from
Ceypetco had been given a 3-month extension until April 21.more>> |
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Jan
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|
| 27th January 2007 |
www.lankabusinessonline.com |
Over ten local and foreign firms bid for Sri Lanka’s lube licenses
August 28, 2006 (LBO) – Just over ten foreign and local firms
put in bids for a license to market lubricants in Sri Lanka, when offers closed on
Monday, a top official said. Sri Lanka threw open its lubricant market in July,
calling for bids from interested investors to blend lubricants locally or import
and sell packed products.more>> |
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|
| 26th January 2007 |
www.dailymirror.lk |
3 short listed to enter lubricant market
The Cabinet has granted its approval to a Memorandum submitted
by A.H.M. Fowzie, the Minister of Petroleum and Petroleum Resource Development, to
liberalise the lubricant market and enter in to relevant Lubricant agreements.
Totally nine private owned international companies are in the recommended list.more>> |
| |
|
| 25th January 2007 |
www.news.lk |
Liberalization of the Lubricant market
The Cabinet has granted its approval to
a Memorandum submitted by Hon. A.H.M. Fowzie, the Minister
of Petroleum and Petroleum Resource Development, to liberalize
the lubricant market and enter in to relevant Lubricant agreements.
Totally nine private owned international companies are in
the recommended list
more>> |
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|
| 25th January 2007 |
www.colombopage.com |
Sri Lanka to liberalize the lubricant market
Jan 25, Colombo: Sri Lanka government has approved liberalization
of the country's lubricant market aiming to create a healthy competition for quality
lubricants. Nine privately-owned international companies are in the recommended list.
Three local companies have been selected for consideration when they fully comply with
the necessary requirements. They are Laugfs Holdings Limited, Toyota Tsusho Corporation
and Waxpol Industreis Limited.more>> |
| |
|
| 23th January 2007 |
www.dailynews.lk
|
Commercial Bank opened another Customer
Service Point at Laugfs Supermarket in Boralesgamuwa. The
CSP is linked to all other Commercial Bank branches and supermarket
banking counters, through ComNet, permitting online real-time
banking. It is also equipped with an ATM linked to all the
other ATM's of Commercial Bank and over one million ATM's
belonging to the Cirrus and Visa networks worldwide.
|
| |
|
| 12th January 2007 |
www.dailynews.lk
|
Laugfs
into housing projects
NEW VENTURE: Laugfs Property Developers
(Pvt) Ltd., has entered the fast growing condominium market
with a development known as Havelock Havens, located at Maya
Avenue, Colombo 6 is a prime location within easy reach of
Colombo commercial area a value for money development for
those committed to an urban living lifestyle.
The development features 42 luxury apartments on nine floors,
four different types of apartments and 2 penthouses, with
allocated parking space.
The apartments will be fully self- contained with ultra modern
kitchen and fully fitted bathrooms. Air conditioning, twin
elevators, swimming pool and gym are standard. Sierra Piling
Pvt Ltd., has been awarded the contract for the piling requirement
of the building, which commenced on January 2 and expected
to complete within three months.The development is expected
to be ready by July 2008 for occupation.
Laugfs Property Developers (Pvt) Ltd., plans to develop carefully
selected locations to site a variety of condominium properties
to suit preferred choices in a range of architectural, styles,
models and amenities, that will follow the best traditions
already in vogue in the best condominium complexes of the
world, assuring luxury, security and value for money. |
| |
|
| 02nd January 2007 |
www.dailynews.lk |
Operational
efficiency as a key to Laugfs' business exuberance
Operational efficiency, astute business
planning, and strategic product diversification have made
Laugfs Holdings Ltd a big name in local energy retailing and
connected businesses today. In this interview Laugfs Chairman
W.K.H. Wegapitiya not only focuses on the increasingly energetic
enterprise which is Laugfs, but makes some thought - provoking
points on how the State could inject life into the Lankan
business environment. more>> |
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|
| Media Campaign on 2007 |
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2006
Dec
| |
|
| 21th December 2006 |
www.dailynews.lk
|
Brisk
business at city shopping malls, supermarkets
CHRISTMAS SHOPPING: In most supermarkets
and shopping malls in the city of Colombo business is picking
up during the festive season. However, there is some anxiety
on high electricity prices and narrower profit margins, industry
sources said. Leading supermarkets in town are anticipating
a bigger shopping crowd this Christmas and New Year season.
A leading supermarket in town, Laugfs Supermarket,... more>> |
| |
|
| 14th December 2006 |
www.dailymirror.lk |
Entrepreneur
of the Year Awards 2005
Raigam Marketing Services Ltd Chairman
and Managing Director Dr. Ravi Liyanage won the Platinum award
as the eleventh Sri Lankan Entrepreneur of the year 2005 which
was held recently at the BMICH. more>> |
| |
|
Nov
| |
|
| 29th
November 2006 |
www.dailynews.lk |
CCC
mission to South Africa paves way for trade expansion
The Ceylon Chamber of Commerce (CCC) Trade
Fair Unit concluded its programme of activities for 2006 exploring
some untapped and emerging markets such as Myanmar, Vietnam
and the final mission to South Africa.
All these missions focused not only on promotion of trade,
investments and joint ventures, but they also served as fact
finding missions.
The nine member delegation led by Chief Operating Officer,
CIC Group Samantha Ranatunga and assisted by Senior Assistant
Secretary General, Puvi Domingopillai, visited Durban and
Johannesburg recently.
They were accompanied by seven leading organisations comprising
Managing Director, CIC Fertilizers (Pvt) Ltd., K. B. Kotagama,
General Manager, International Trade Development, Ruwan Senanayake,
Freight Links International (Pte) Ltd., Nisal Weerasekera,
Manager, Imperial Teas (Pvt) Ltd., Commercial Manager, Jayes
Trading Company, Karthik Ramachandran, Chairman, Laugfs Holdings
Ltd., W. K. M. Wegapitiya. more>> |
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|
| 19th November 2006 |
www.sundaytimes.lk |
“LAUGFS GAS“ Employees & Family get together 2006
 
The above get together was held at serenade
environment beside the Bolgoda Lake at Thotupola Adventure
Park Dlathara Piliyandala on 15th October 2006 with the participation
of its employees and their families. The occasion was graced
by none other then the Chairman Mr.W.K.H.Wegapitiya & the
Managing Director Mr.Thilak De.Silva. |
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|
| 12th November 2006 |
www.Nation.lk |
Super
marketers to work in harmony
The key supermarket players in the country,
- Keells Super, Arpico, Laughfs, King’s and Cargills Food
City; sections of their suppliers, consumer society representatives
and the officials of the Consumer Affairs authority (CAA)
along with its Chairman, Sarath Wijesinghe met at Galle Face
Hotel last week to strategize to work together in harmony.
W K H Wegapitiya, Chairman, LAUGFS Holdings Ltd representing
the Laugfs super markets said that.... more>> |
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Oct
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|
| 22th October 2006 |
www.sundaytimes.lk |
Laugfs
GAS (Pvt) Ltd entered into an agreement
Laugfs GAS (Pvt) Ltd,fully owned subsidiary
company of Laugfs Holdings Limited entered into an agreement
with Watchguard Security and Investigation (Pvt) Ltd for Security
services to its liquefied petroleum gas storage complex and
filling plant at No.311, Biyaga Road,Mabima. Senior General
Maneger,Mr.Mohan Perera and Mr.B.P.Hector Perera -General
Maneger-Human Resources Development signed for the agreement
on be half of Laugfs GAS (Pvt) Ltd and captain Prasanna Rajarathna-Vice
President/Chief Executive Officer signed for Watchguard Security
and Investigation (Pvt) Ltd. |
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|
| 09th October 2006 |
www.lankasun.com |
Laugfs
embarks on Rs. 250 mn supermarket expansion drive
The Laugfs Group of Companies will invest
Rs. 250 million on expanding its chain of 24-hour supermarkets,
Chairman W. K. H. Wegapitiya said.The newest Laugfs Supermarket
will be opened in Kottawa on October 13, he said. more>> |
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|
| 01st October 2006 |
www.sundayobserver.lk |
Pre-entry
criteria a drawback to lubricant industry
The lubricant industry, a government owned
business venture under the Ceylon Petroleum Corporation (CPC)
has to follow practically an impossible entry criteria to
the market, though development of local industries has been
the focus in the 'Mahinda Chintana' Chairman, Laugfs Holdings
Ltd. W. K. H. Wegapitiya said. more>> |
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Sep
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|
| 24th September 2006 |
www.sundaytimes.lk |
Laugfs-Sunup
Supermarket Chain wins National
Agribusiness Award-2006.
SunUp supermarkets; the popular consumer
retailing chain of the. “Laugfs”group was recently awarded
“Agribusiness Award -2006” for the “best supermarket chain
in the country” by National Agribusiness Council (NAC), a
press release said. The was awarded to Laugfs SunUp, at a
ceremony held at the BMICH on 25th August 2006. Being funded
by the Asian Development Bank (ADB) NAC evaluates and helps
the Sri Lankan agricultural sector. SunUP fell into the eligibility
category for large companies on realizable targeted Annual
Turnover. A Mandatory Registration by the category it self
was prerequisite. A noteworthy factor was that, none of the
country's supermarket chains were qualified for the coveted
Gold & Silver awards. However, SunUP a People's friendly supermarket
Company, grabbed the Bronze award, at the glittering ceremony.
The comprehensive criteria for selection were based in Products,
Product performance and Service provided, Promotional Activity
and Communication systems, Quality policies and Quality Management,
Supply evaluation policies,Social accountability, Corporate
Information, Financial management, Human Resources Management,
Leadership/Entrepreneurship. |
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|
| 24th September 2006 |
www.sundayobserver.lk |
From
Laugfs to Jade
Laugfs Holdings Limited has stepped into
the leisure industry through their sister company, Laugfs
Leisure Limited. This concept was introduced by Chairman,Laugfs
Holdings Limited,W.K.H.Wagapitiya, a young, energetic and
innovative enterpreneur who had already made his mark on Sri
Lankan business field and Thilak Perera, Managing Director.
Anura Jayalath,General Maneger of Laugfs Leisure Limited explained
this novel concept of having a Fuel Mart, Super Market and
restaurant together. more>> |
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|
| 23th September 2006 |
www.dailynews.lk |
Laugfs
enters Hotel industry
chain of restaurants to cater to motorists
COLOMBO:Laugfs Holdings Limited has entered
the Hotel industry through their sister company,Laugfs Leisure
Limited.This concept was introduced by Chairman, Laugfs Holdings
Limited, W.K.H.Wagapitiya and Managing Director Tilak Perera. more>> |
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|
| 17th September 2006 |
www.sundayobserver.lk |
Laugfs
goes for deep sea fishing boats
The 2004 tsunami destroyed 80 per cent
of the fishing boats numbering 84,000. One of the biggest
challenges was to help those affected to resume their livelihood
by providing them with fishing boats. Laugfs Holdings Ltd.
came to their rescue by manufacturing fishing craft. more>> |
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|
| 03td September 2006 |
www.sundayobserver.lk |
Sampath
Bank 'SET-ATM' at Laugfs Sun-up
A Sampath Bank 'SET-ATM' machine was recently
opened at the “Laugfs Sun up” supermarket, Kottawa.Here W.h.K.Wegapitiya,
Chairman - Laugfs supermarket, Kottawa at the inaugural ceremony. |
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|
Aug
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|
| 29th August 2006 |
www.dailymirror.lk |
Laugfs
lubricants get API quality certification
Laugfs lubricants Ltd, a fully owned subsidiary
of Laugfs Holdings Ltd,floated to be engaged in the business
of import, distribute, sell and blend lubricants in Sri Lanka
has obtained the prestigious quality certification from the
American Petroleum Institute (API) for its “LAUGFS” Brand. more>>
|
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|
| 12th August 2006 |
www.dailymirror.lk |
Laugfs
Sun Up ventures into restaurants
With a view to expand its business capabilities
outside Colombo LAUGFS Holdings Limited one of the country’s
fast emerging diversified companies declared opened its latest
supermarket “Laugfs Sun Up„ in Maharagama recently. more>> |
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|
Jul
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|
| 23th July 2006 |
www.lankanewspapers.com |
Automated
fuel pumps for Lanka
Sri Lanka has begun setting up automated
fuel pumping stations linked to computers with payment by
credit card, industry officials said last week.Laugfs Petroleum
Pvt Ltd, a local company that owns eight fuel stations, on
Monday upgraded one its stations at Maharagama to an automated
one with credit card swiping machines, computer-linked pumps
and fuel tanks. There are more than 500 fuel sheds in Sri
Lanka mostly owned by the Ceylon Petroleum Corporation (CPC)
and Lanka India Oil Company (LIOC). more>>
|
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|
| 15th
July 2006 |
www.lankasun.com |
Sri
Lankan company says multinational Shell attempting to paralyze
them
Sri Lanka's second largest Liquid Petroleum
Gas (LPG) player LAUGFS Lanka Gas has accused the multinational
Shell Company of attempting to eliminate them from the LPG
business .LAUGFS Holding company Chairman A.K.A. Egoistical
emphasizing his claim alleged that with his company's contract
with Ceylon Petroleum Corporation (CPC) scheduled to end in
October this year, more>> |
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|
| 02nd July 2006 |
www.sundayobserver.lk |
Laugfs
lubricant products in the market soon
Laugfs lubricant products will be in the
local market shortly. The licence has been given to Laugfs
Holdings Ltd to enter the lubricant market.
While the multi-national lubricant companies
pointed out that there is no space for another lubricant producer
in the Sri Lankan market, Laugfs said there was plenty of
room for competitive companies in the lubricant market in
Sri Lanka. more>>
|
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|
Jun
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|
| 11th June 2006 |
www.Nation.lk |
LAUGFS
to hospitality
The LP Gas and the Supermarket chain people,
LAUGFS Group has now ventured into fine dining restaurant
‘JADE’ that promises experience in fine dining
with longevity, success and glamour infused as in the case
of Chinese culture, that would unlikely to be forgotten. more>> |
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|
May
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|
| 28th May 2006 |
www.sundaytimes.lk |
LAUGFS
in expansion mode
LAUGFS Holdings Ltd is on an active diversification
drive into hotels, restaurants and rubber based products,in
an attempt to reduce market risk. Ravi Dahanayake, Managing
Director LAUGFS Holdings told The Sunday Times FT that the
company has started manufacturing ruber based product, opened
up a chinese restaurants and will launch their upmarket hotel
by next month. |
| |
|
| 21th May 2006 |
www.sundaytimes.lk |
Minister
opens new Laugfs filling plant
Laugfs Gas recently launched a fully automated
cylinder filling plant at Mabima. It was opened by Minister
of Enterprise Development and Investment Promotion Rohita
Bogollagama. The plant was built at the cost of Rs.125 million
and is capable of filling 360,000 cylinder per month.Pictures
show the minister and other officials walking past a boat
made by Laugfs at the site whiIe rows of gas cylinders are
seen. |
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|
| 15th May 2006 |
www.lankanewspapers.com |
Laugfs
to increase LPG refilling capacity
Laugfs Gas plans to increase its daily
LPG refilling capacity by 360,000 cylinders per month, commissioning
a fully automatic cylinder filling facility.This new fully
automatic cylinder filling carousel which is an investment
of Rs. 125 million would be declared open by National Enterprise
Development and Investor Promotions Minister, Rohitha Bogollagame
on the 17th May, 2006 in Mabima. more>>
|
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|
| 15th May 2006 |
www.dailynews.lk
|
Laugfs
commissions modern gas-filling plant in Mabima
NEW PLANT: The Government is keen on facilitating
more foreign investment to set up refineries which would provide
by products as raw material to produce gas locally, Enterprise
Development and Investment Promotion Minister Rohitha Bogollagama
said opening the fully automated LPG cylinder filling plant
of Laugfs Gas at Mabima. more>>
|
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Apr
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|
| 29th April 2006 |
Rear Mirror |
Use of
auto gas can reduce fuel cost by 47%
In an initiative to bring down current
high cost in the motoring industry Laugfs Auto Gas announced
that by switching into auto gas motorists can now bring down
their fuel bill by 47%.
Laugfs Auto
Gas Chairman W.Wegapitiya said that as per current pricing
a liter of petrol is sold atRs.88 and auto gas is sold Rs.45
per liter. By switching switching into auto gas motorists
can asve Rs.43. Therefore motorist now have the opportunity
to reduce their fuel bill by 47%.
He said that
in order to popularize the use of auto gas the company is
planning to establish filling stations across the country
including in Anuradapura, Nuvaraeliya, Badulla, Matara, Rathnapura,
Dabulla, Kegalle and Kalutara.
Laugfs Auto
gas is the Pionnering company in the country which introduced
auto Gas for in place of motor gasoline in way back in 1995.Currentry
the company is has its own stations in major cities in the
country including Kandy, Galle, Kurunegala, Negembo, Jela,
Wattala, Gampha, Moratuva, Panadura,Battaramulla, Borella,
Dematagoda, and Colombo 6. Company also said that it also
provides auto gas conversion service at a nominal fee to the
motorists as a measure to facilitate them to enjoy the economic
benefit.“In addition to economic benefits the use of
auto gas prevents the environmental pollution due to the exhaust
smoke emitted by motor vehicles.”Company said. |
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|
Mar
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|
| 01st March 2006 |
www.themorningleader.lk |
DPL
to take LPG hit by selling land
High industrial LPG prices have caused
a crisis in the porcelain tableware manufacturing sector,
with Dankotuwa Porcelain Ltd (DPL) planning to sell some of
their land to meet working capital requirements, while Royal
Fernwood Porcelain Ltd (RFP) has laid off 100 of their subcontractors
in order to cut down cost. more>>
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Feb
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|
| 03td February 2006 |
www.dailymirror.lk |
LAUGFS
Gas up by RS.89/-
Days after Shell Gas increased gas prices,the
LAUGFS gas Company too announced that it was increasing prices
by RS 89 from yesterday.
LAUGFS gas chairman W.K.H Wegapitiya
complained yesterday that the consumer affairs authority had
last week given shell gas permission to raise the price of
a cylinder by Rs.100 but laugfs was allowed a lesser amount.
he said the company would appeal against the decision.
|
|
|
| 02nd February 2006 |
www.dailynews.lk |
LAUGFS
cries foul over CAA decision
The Laugfs Gas management is up in arms,
as the Consumer Affairs Authority (CAA) has not granted them
the green light for a price increase for their Liquid Petroleum
(LPG) gas cylinders.
CAA has already granted approval
for Shell Gas to increase a gas cylinder by Rs. 110. "This
is very unfair," said the Chairman Laugfs Lanka Limited,
W. K. H. Wegapitiya. more>>
|
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|
Jan
| |
|
| 02nd January 2006 |
www.dailymirror.lk |
Gas
Price up by Rs.110
The price of a cylinder of liquid petroleum
gas was increased by Rs.110 from yesterday the shell company
announced.
The company said it had no option but to
increase the price of its 12.5kg cylinder to Rs960. Shell
and laugfs gas, the two main players in the gas market, had
earlier threatened to restrict supplies if the consumer affairs
authority (CAA) did not allow them to increase the prices
because of increases in world market prices. more>> |
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