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2012
May
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| 09th May 2012 |
www.ft.lk |
LAUGFS Car Care now in Negombo
LAUGFS Car Care Limited, the vehicle servicing and detailing arm of LAUGFS Holdings Limited, opened its new Car Care Centre in Negombo under the patronage of LAUGFS Holdings Limited Managing Director U. Thilak De Silva. Motorists in Negombo are now in a position to obtain professional services at the LAUGFS Car Care Centre.
Addressing the gathering at the opening ceremony, De Silva said that LAUGFS had changed the landscape of the petroleum retailing sector by bringing professionalism into the sector....more>> |
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Apr
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| 17th April 2012 |
www.dailynews.lk |
LAUGFS Engineering now EM1 certified
Unfolding a new chapter in the construction industry LAUGFS Engineering Limited (LEL), subsidiary of the LAUGFS Holdings Limited was ranked as ‘EM1 for steel fabrication activities’ by the Institute of Construction Training and Development (ICTAD), the governing body of the Ministry of Housing and Construction...more>> |
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| April 2012 |
Press release |
LAUGFS Supermarkets launch loyalty card
LAUGFS Supermarkets Limited continuing its service improvements in satisfying its customers introduced a loyalty card filled with many facets of utility values recently.
The new loyalty card better known as LAUGFS Supermarket loyalty card replicating the LAUGFS supermarket that never sleeps is designed to provide facets of utility benefits under the LAUGFS branded services and products. Accordingly the LAUGFS loyalty card holders are now in a better position to earn discounts not only from the LAUGFS supermarkets but also from other services and products branded under the LAUGFS. The uniqueness of the new LAUGFS loyalty card is that it can be used at the leading institutions such as Sarasavi bookshops and Navaloka hospitals in order to earn points and claim discounts. LAUGFs Supermarket said that the company is currently in discussion with leading institutions in order to sign up with the loyalty programme where customers will be conveniently offered with more values on the card.
Chief Operating Officer(COO) of the LAUGFS Supermarkets A Wickremage said that LAUGFS Sun up loyalty card stand tall in the supermarket industry as it give more services and discounts when you use it any of the LAUGFS branded products and services out lets.
“This means that you can use this card at any of our LAUGFS Holdings outlets and claim your discounts upfront. For example with your LAUGFS loyalty card you claim 15% discount on labour when you use it when servicing your car at LAUGFS Car Care centres and it is the same when you use it at our Jade Restaurants.” Wickremage said.
He further said that the LAUGFS Supermarkets is currently in discussion with other service providers such as hospitality industry and the leisure sector to introduce this loyalty card so that the customers would be able to be entitle to special discounts. The newly launched LAUGFS loyalty card is now available at all LAUGFS Supermarkets.
Caption. Chief Executive Officer of the LAUGFS Supermarkets Ravi Dahanayaka presenting the first card to Daya Wettasinghe an attorney at Law and a well-known business leader in Sri Lanka at a function held last week. |
Mar
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| 15th March 2012 |
Press release |
LAUGFS Leisure launch 1000 mangrove planting project at Karupupone in Chillaw.
  
LAUGFS Leisure Limited a company which is involved in constructing a beach resort in Arachchikattuwa launched an environment project to plant 1000 mangrove tress with the participation of government officials, Non-government organisations and school children last week.
Accordingly LAUGFS Leisure Limited together with Small Fisheries Federation and Mangrove Resource Centre of Arachchikattuwa launched a 1000 mangrove trees planting project.
Divisional Secretary of Arachchikattuwa S.S. Lusena speaking at the ceremony said that environment is like the “father and mother” of human existence and protecting it is a duty cast on everyone at all the times.
“Therefore what LAUGFS is doing is highly commendable, since they have given priority to the environment whilst engaged in building a hotel. By doing that it will not only protect the environment but the entire ecology system will be preserved,” he said.
General Manager of the Mangrove Resource Centre Douglas Thissera said that Puttlum district used to be Sri Lanka’s biggest mangrove forest area until early 1980’s but reduced into a small area due to prawn farming.
“Before the introduction of the prawn farming in the Puttlum district there were 3200 hectares of mangroves grown areas in the district and due to sudden rush in to prawn farming 1600 hectares of mangroves areas were cleared and today we have only remaining 1600 hectares ” Thissera said.
He also said that it is commendable to see what LAUGFS is doing where they have identified environment protection as priority activity in their dealings .
General Manager Projects LAUGFS Holdings Limited Ajith Kumarage said LAUGFS is a truly Sri Lankan enterprise which always has given prominence to the people and the environment that we are living in.
“Accordingly we consider that protecting the environment is a primary task of LAUGFS teachings and we consider that protecting environment and the way we do our business go hand in hand” he said.
General Manager LAUGFS Leisure Limited Aruna Jayalath said it is a great privilege to commence this project as LAUGFS is always committed to protect the environment .
“Our main objective of coming to Karupupone is not only engage in business but to act as a facilitator to uplift the lives of the people in the area. Before we do that we thought of giving priority to protect the environment and help the sons and daughters of the Karupupone to built a better tomorrow. And LAUGFS is here to make that happen.” he said. |
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| 09th March 2012 |
www.ft.lk |
LAUGFS Supermarkets now accept water bill payments
LAUGFS Supermarkets Limited a subsidiary of LAUGFS Holdings Limited in a bid to introduce added services to its supermarket chain signed an agreement with the National Water Supply and Drainage Board enabling consumers to settle their monthly water bills at LAUGFS Supermarkets chain.
National Water Supply and Drainage Board Chairman Karunasena Hettiarchchi said that signing with LAUGFS Supermarkets Limited was indeed a very important event as it would enable Water Board customers to pay up their bills in more convenient locations....more>> |
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| 08th March 2012 |
www.ft.lk |
Dark sands of Pulmoddai
he announcement of last week of an intention by way of an MOU to start up a titanium dioxide enterprise between Laugfs Holdings Ltd and SLINTEC (Sri Lanka Institute of Nanotechnology) should be seen as a major event in the calendar though many may not realise the importance. It never made into a headline. Yes, the journey has just begun though these were journeys that should have happened much earlier...more>> |
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| 02nd March 2012 |
www.dailynews.lk |
Laugfs, SLINTEC tie up for natural mineral sand processing
Laugfs Holdings Limited entered into a strategic agreement
with Sri Lanka Institute of Nanotechnology (SLINTEC) to process natural mineral sands
for value addition. The landmark agreement was signed yesterday creating a PPP venture
to set up country’s first ever plant to produce titanium dioxide from mineral sand...more>> |
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| 02nd March 2012 |
www.ft.lk |
Nanotech Institute, Laugfs to set up first-ever plant to produce titanium oxide
Exploring new avenues of development in the Sri Lankan business sector, Laugfs Holdings Limited together with the Sri Lanka Institute of Nanotechnology (SLINTEC) signed a landmark development agreement yesterday, sealing a joint venture to set up the country’s first plant to produce titanium oxide from mineral sand....more>> |
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| 02nd March 2012 |
www.island.lk |
Laufgs Holdings goes for US$ 8mn Titanium Dioxide plant
* Joint venture agreement signed with SINTEC
* Set to manufacture 10,000 tonnes for local market, export
Laugfs Holdings Ltd will shortly invest US$ 8 million on a Titanium Dioxide manufacturing plant for both the domestic and export markets in a bid to add value to the Illmenite exports, which also has the product as a constituent.
Laugfs Holdings Group Chairman W.G.H. Wegapitiya told The Island Financial Review on the sidelines of a news conference to announce the signing of the joint venture with the Sri Lanka Institute of Nano Technology (SLINTEC)....more>> |
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| 01st March 2012 |
LAUGFS Communications Press release |
LAUGFS and SLINTEC join in hand to add value to mineral sand
Setting up a new path in the Sri Lankan business sector LAUGFS Holdings Limited together with Sri Lanka Institute of Nanotechnology (SLINTEC) signed a landmark development agreement leading to a joint venture to setup the country’s first ever plant to produce titanium dioxide from mineral sand adding value to mineral sands.
Chairman of LAUGFS Holdings Limited W.K.H Wegapitiya and Managing Director of LAUGFS Holdings Limited U.K. Thilak De Silva signed on behalf of LAUGFS whilst Chief Executive Officer of SLINTEC Asela Gunawardena and Director of SLINTEC and Chairman of the National Science Foundation (NSF) Prof. Sirimali Fernando signed the agreement today 1st of March 2012.
Accordingly, the new venture would produce titanium dioxide from ilmenite obtained from mineral sands extracted from Pulmoddai.
“Venturing into this nature of agreement with a semi government owned institution to set up a processing plant in order to add value to a product which would bring many facets of opportunities not only to us but Sri Lanka as a nation. At present mineral sands are exported as a bulk commodity whereas these sands will be processed and re-imported back to Sri Lanka as a different product which is higher in value. Now we have hope that we are able to add value to the Sri Lankan mineral sands which clears the way thus removing any obstacle”, said Chairman of the LAUGFS Holdings W.K.H Wegapitiya.
He further said that it was during the last government budget presented before the parliament that the government allocated funds on Research and Development (R&D) on natural resources. And this joint venture is a direct outcome of that initiative under “Mahinda Chinthanaya”
SLINTEC at the onset started a project with the Ministry of Technology and Research and NSF as a partner to produce titanium dioxide - TiO2 and Nano TiO2 from ilmenite obtained from mineral sands of Pulmoddai. Ilmenite is a mineral formed from oxides of titanium and iron (FeO.TiO2). It is also one of the major sources of metallic Titanium. Sri Lanka is estimated to have 18 million metric tons (MT) of ilmenite reserves amounting to 9th largest in the world. The country’s north and east beach sands contained about 70 – 72% ilmenite and it is estimated to have 6 – 8 million MT of ilmenite according to the surveys of the geological survey and mines bureau (GSMB) of Sri Lanka. Pulmoddai ilmenite is known to contain about 50 – 60% of Titanium dioxide in its composition.
Titanium dioxide (TiO2) is one of the heavily used oxides. Nearly 60% of the world titanium oxide production is consumed by the paint industry. In addition to paints and coatings, printing ink, paper, rubber, textile, polyester fibre, rayon, plastic, leather, detergent, electronic, pharmaceutical, cosmetic, refractory industries use TiO2 as a raw material. Both TiO2 and nano TiO2 demand is projected to grow as above industries are growing. Especially, in the case of TiO2 the world production is struggling to keep up with the increasing demand. This has been indicated in the recent price increase (in 2011 reaching nearly $4000 per MT) and opening of several new manufacturing plants by the major titanium dioxide manufacturers around the world.
Current Sri Lanka consumption of Titanium Dioxide is around 5000 MT (at about $4000 per MT) and mineral sand exports are around 60,000 – 80,000 MT (at about $300 per MT). Even though there is a apparent export gain, the total extractable Titanium Dioxide from the exported mineral sands is around 25,000 – 40,000 MT making it a net loss in exports.
For the project SLINTEC has developed a proprietary process to produce TiO2 and nano TiO2 starting with ilmenite obtained from Pulmoddai, Sri Lanka. Signing of this agreement will initiate the commissioning of a pilot plant and then a large scale commercial plant at a later stage.
Under the new joint venture LAUGFS and SLINTEC initiates the project in three phases.
Accordingly LAUGFS together with SLINTEC would usher into commercial production of the titanium dioxide which is about 20 times value addition to ilmenite. Later, the two entities would simultaneously engage in setting up a state of the art processing plant which would produce nano titanium better known as NanoTiO2. |
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Feb
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| 29th February 2012 |
www.ft.lk |
Bachelors of International Trade and Border Management launched
The Bachelors of International Trade and Border Management has been launched in Sri Lanka for the
first time for youth keen on specialising in this field. The launch follows LAUGFS Australia Higher Education Services
Ltd. (LAHES) yesterday announcing a collaboration with Australia’s Canberra Institute of Technology (CIT) and Centre for
Customs and Excise Studies of the University of Canberra (CCES). LAHES said the groundbreaking move was in accordance
with the Sri Lankan Government’s vision to turn Sri Lanka into a knowledge hub...more>> |
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| 25th February 2012 |
www.dailynews.lk |
LAUGFS invests in bottled water
LAUGFS Aqua Systems private Limited a subsidiary of the LAUGFS Supermarkets engaged
in water bottling and distribution bottle water under 'LAUGFS Aqua' brand laid the foundation stone to build
ultra-modern automated water bottling plant at Kottawa bordering Padukka yesterday. LAUGFS will invest Rs.45
m for the new project which would increase the company's production capacity to meet the increasing demand.
LAUGFS Chairman W K H Wegapitiya said that 'LAUGFS Aqua' having entered into the bottled water segment ten
years ago and having identified the new economic prosperity in the country decided to expand its operations
to become a leader in the bottled water sector in the country...more>> |
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| 23rd February 2012 |
LAUGFS Communications Press release |
LAUGFS invest Rs.45 million on new bottle water plant
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Chairman of LAUGFS Holdings W.K.H. Wegapitiya(from right) together with the Managing Director of LAUGFS Holdings Limited U. Thilak De Silva(centre) and Director /Chief Executive Officer LAUGFS Aqua Systems Limited Ravi Dhanayake laying foundation stone to build Rs.45million new water bottling plant yesterday.
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LAUGFS Aqua Systems private Limited a subsidiary of the LAUGFS Supermarkets Limited engaged in water bottling and distribution bottle water under ‘LAUGFS Aqua’ brand laid foundation stone to build ultra-modern automated water bottling plant at Kottawa bordering Padukka yesterday . Accordingly LAUGFS will invest Rs.45 million for the new project which would increase the company’s production capacity to meet the increasing demand.
Chairman LAUGFS Holdings Limited W.K.H. Wegapitiya said that ‘LAUGFS Aqua’ having entered into the bottle water segment ten years ago and having identified the new economic prosperity in the country decided to expand its operations in order to become leader in the bottle water sector in the country.
“This new bottling plant would fulfill our supply demand and we are hoping to commence the operation of the new plant within three months. After commencement of the operations of the plant we would be in a better position to promote our product across the island with new a distribution and retail network.” He said. |
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| 15th February 2012 |
www.ft.lk |
Laugfs invests Rs. 500 m to takeover Waskaduwa resort firm
Laugfs Leisure Ltd., a fully own subsidiary of the Laugfs Gas Plc in its
strive to become one of the dominant players in the hospitality industry has acquired Mag
Consultants and Agents Pvt Ltd., (MCAPL) and its assets, comprising 15 acres of prime sea front beach property at Waskaduwa Kalutara with an investment of Rs. 500 million Laugfs Chairman W.K.H Wegapitiya said that Laugfs
Leisure is aggressively investing in the tourism sector....more>> |
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| 14th February 2012 |
www.dailynews.lk |
APEA helps entrepreneurs find new markets - President
The Asia Pacific Entrepreneurship Awards 2012 (APEA) helps local entrepreneurs find new markets,
said President Mahinda Rajapaksa. In his personal message to the APEA awards ceremony the President indicated that awards
of this nature helps Sri Lankan entrepreneurs to benchmark themselves. Chairman, Laugfs Holdings Ltd, W. K. H. Wegapitiya
was named as the Entrepreneur of the Year.....more>> |
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| 14th February 2012 |
www.ft.lk |
NDB provides local entrepreneurs platform and global recognition
Asia Pacific Entrepre-neurship Awards (APEA) – Asia’s most prestigious awards for entrepreneurs was held for the first time in Sri Lanka at a gala event at Hilton Colombo on Sunday 12 February. The event was organised by Enterprise Asia, in Association with Sri Lanka Malaysia Business Council (SLMBC) of the Ceylon Chamber of Commerce.....more>> |
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Jan
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| 30th January 2012 |
www.ft.lk |
LAUGFS on full show at Jaffna International Trade Fair
LAUGFS Holdings Ltd. participated at the Jaffna International Trade Fair
(JITF) organised by the Federation Chamber of Commerce and Industry of Sri Lanka (FCCISL) with great success.
The main objective of the participation of the JITF is to educate the general public on the LAUGFS brand and its products. Three
subsidiaries of the LAUGFS Holdings Limited – LAUGFS Gas PLC, LAUGFs Lubricants Limited and LAUGFs Supermarkets Limited
also participated at the JITF.....more>> |
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| January 2012 |
Press release |
LAUGFS Foreign Money exchange facility now at Kohuwala.
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Deputy Controller of exchange Central Bank of Sri Lanka K.S. Thilakaratne (centre) together with Director General Manager of the LAUGFS Supermarkets Limited Takura Gunasinghe at the opening ceremony of the LAUGFs Foreign Money Changing facility at Kohuwala. Additional Controller of Exchange P.R. Jayaratne ( right) also present at the opening ceremony. |
LAUGFS Supermarkets Limited a subsidiary of the LAUGFS Holdings Limited introduced its second foreign money changing facility at its outlet at Kohuwala.
LAUGFS Supermarkets Limits is the only supermarket chain in the country that offer foreign money changing service to the general public at its out lets.
Speaking at the opening ceremony the Deputy Controller of the exchange , Central Bank of Sri Lanka . K.S. Thilakaratne said that the new facility would make immense contribution for the general public conveniently change their foreign currencies .
Director General Manager of the LAUGFS Supermarkets Limited Takura Gunasinghe said that it is indeed great occasion for LAUGFS Supermarkets Limited where its is the only supermarket chain that offer foreign money changing facilities.
LAUGFS Supermarkets said that soon it will expand its money changing centres to its Havelock road outlet and other selected outlets. Currently LAUGFS Supermarkets have 25 outlets in Colombo and its suburbs. |
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| January 2012 |
Press release |
LAUGFS Lubricants rewards its Distributors and dealers
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LAUGFS Lubricants Limited(LLL) a subsidiary of the LAUGFS Holdings Limited honored its lubricant distributors and dealers with awards for their great performance in the year 2011.
Accordingly LAUGFS Lubricants awards ceremony for the year 2011 was held at the LAHES auditorium at West Tower Level 22 World Trade Centre last week.
Chairman of the LAUGFS Lubricants W.K.H Wegapitiya said that LAUGFS Lubricants is the only Sri Lankan company to get international standard certificates and endorsement certificate from Daimler Mercedes Benz of Germany.
“We are the first Sri Lankan company to enter into the lubricant industry in Sri Lanka and now after completion of three years in the industry, we are now geared to enter into next level of our operations that is to start up our own blending facility in the country.” He said.
Chairman also said that at present after a long time Sri Lanka is heading into new era of development and Sri Lankan business are poised to grow into greater levels. In that sense in terms of the lubricant industry concern the registration of the motor vehicles are also increasing drastically.
“Every half an hour there is a new motor bicycle coming onto the street and it is the same with motor vehicles. This mainly is due to the new economic prosperity taking place in the country. We see a great potential in the Sri Lankan economy. In that terms of being the only Sri Lankan company in the lubricant industry we also see a great potential in the industry.” He said.
LAUGFS Lubricants Limited Managing Director U.K. Thilak De Silva addressing the ceremony said that today LAUGFS brand has become a household name among the Sri Lankan general public.
“ As a Sri Lankan company we have brought honor to Sri Lankans in terms of our presence of our brand in every sector in Sri Lanka. During this year we are hoping to introduce many changes in our operations and in that sense we are planning set up our own blending plant at Hambantota port in order to offer good quality for a range of products for the Sri Lankan market and the export market. Accordingly we are in a better position to produce the whole range of products at our facility.” He said.
He also expressed his gratitude to all the distributors and dealers for being with LAUGFS from the day one and said that the future is very much positive in terms of industry growth and market growth.
LAUGFS Lubricants Chief Executive Officer(CEO) Nalaka Madugalle speaking at the ceremony thanked each and every distributor and dealer for their excellent performance and commitment on LAUGFS brand.
“This year we have many plans for our operations in the industry. This includes the commencement of the blending plant and introduction of more product range under LAUGFS brand name. Currently we are in the process of obtaining the Sri Lanka Standard Certificate (SLS) to our LAUGFS lubricant products. With this we are aggressively looking forward to increase our market share and even make our products available in the region.” He said. |
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| 29th January 2012 |
www.sundayobserver.lk |
Mobitel and Laugfs Supermarkets facilitate bill payment
National Mobile Service Provider Mobitel recently partnered
with Laugfs Supermarkets to make bill payments, purchasing Smart Prepaid recharge
cards and reloads at any of the Laugfs Supermarkets in its extended retail
supermarket network. As a result, Mobitel customers in prepaid and postpaid segments
can now vastly benefit from this alliance...more>> |
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| 22nd January 2012 |
www.island.lk |
Mobitel, Laugfs Supermarkets in partnership
Mobitel recently partnered with Laugfs Supermarkets to offer its
customers the added convenience of making bill payments, purchasing Smart Prepaid recharge
cards and reloads at any of the Laugfs Supermarkets in its extended retail supermarket network.
As a result, Mobitel customers in both prepaid and postpaid segments can now vastly benefit
from this alliance....more>> |
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| 19th January 2012 |
www.ft.lk |
Veteran hotelier Srilal appointed to LAUGFS Leisure Board
LAUGFS Leisure Limited a fully owned subsidiary of LAUGFS Gas
PLC announced yesterday the appointment of veteran hotelier Sirilal Miththapala to
its Board of Directors. Miththapala joins LAUGFS Leisure Board at a time the company
is taking serious initiatives to be a leading player in the hospitality industry
in Sri Lanka....more>> |
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| 09th January 2012 |
www.island.lk |
Laugfs takes year to start Rs. 500mn hydropower project
Laugfs Power Ltd, a subsidiary company of Laugfs Holdings and
Laugfs Gas PLC, will finally commence construction of a Rs. 500 million hydro power
plant at Balangoda which will add 3 Megawatts of power to the national grid. A year ago,
the company announced that it would invest Rs. 500 million to construct this plant, but
it had taken a complete year to obtain all the approvals required for the project to
take off the ground...more>> |
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| January 2012 |
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THE LMD 50
Q: What is your assessment of the prevailing business environment?
A: The Sri Lankan economy is extremely conducive for business presently and things are looking promising overall. Unfortunately, we tend to forget that we have suffered a protracted 30-year war and that it will take a while to emerge from this shadow. The euphoria arising from the end of the war raised hopes to such an extent that people expected miracles overnight. We need to be more reasonable in our expectations.
Q: How is your company/group faring under existing macroeconomic conditions?
A: Laugfs was established at the height of the conflict 15 years ago - and looking for opportunity in crisis became our credo. Our business thrived despite the period of political and economic uncertainty in the past, which portrays that our fundamentals are sound. Now that peace has dawned and we have a prevailing conducive, eco political climate, I am extremely optimistic about the prospects for the company. The implementation of our strategic, tactical and operational plans contributed immensely, to penetrate hitherto untapped markets for LP Gas, especially in the Northern and Eastern provinces. Meanwhile, Laugfs maintained and improved on its market leading stake in the supply of bulk LP Gas to the industrial manufacturing sector. The engagement in the LP Gas downstream industry remains our core business and the mainstay of the Group, although a strategic, conglomerate style of diversification has taken place.
Q: How do you view your company’s/group’s prospects in the medium term?
A: Our performance in 2011 has been a clear improvement on last year. We listed several of our group companies on the Colombo Stock Exchange (CSE) to take advantage of emerging market opportunities. We plan to utilise the capital to consolidate existing operations, with a special emphasis on the energy sector. The listing has also enabled us to test the mettle of our business and we are leased with the overwhelming response from the market, which has given us added confidence. Overcoming challenges in a volatile economic political climate is our forte and given the prevailing enabling environment, Laugfs is poised to achieve significant objectives in the medium term, including entering the education sector.
Q: What are your company’s/group’s future plans, especially in regard to expansion?
A: Laugfs Holdings plans to consolidate its presence in Sri Lanka with an aggressive marketing strategy. Our aim is to become the number one energy company in Sri Lanka, with plans to venture into the energy sector in countries such as South Africa, Bangladesh and Cambodia. We also aim to become a regional player in the near future. The Company has in the meantime commenced the construction of an up-market, beach resort in Chillaw on the west coast and this will be the first hotel to be owned and managed by Laugfs and expected to be ready for commercial operations by end 2012.
Q: How much emphasis are you placing on CSR and what activities cover CSR at present?
A: As a completely indigenous company, Laugfs has added value by foraying into important sectors such as gas and energy, creating self sufficiency and reducing dependence on imports. These are valuable contributions to nation-building and to the country’s economy. Further, Laugfs generates employment to 3,000 employees. Our social responsibility is currently focused inward and takes the form of employee welfare. We want to ensure a healthy and happy workforce.
Q: How important is the human-resources factor in the present-day context?
A: Companies are driven by people and employee welfare is extremely vital in today’s context, where retaining talent takes on added significance against a backdrop of rapid economic growth that the country is poised to achieve. As for reversing brain drain, with foreign investment flowing into the country, the best and brightest who have left Sri Lanka’s shores will find this the ideal time to return.
Q: As for the political arena, what are your expectations?
A: In the past few decades we have had to make do with coalition governments, which focused more on political survival than on economic growth. Now, we have a strong political situation with a popular mandate, defence budgets can be redirected to economic growth and long term policies will come into play. Most importantly, there is a political will to change, which is a positive indication going ahead.
The interviewee, W. K. H. Wegapitiya is the Chairman and Chief Executive Officer of Laugfs Holdings.
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2011
Dec
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| 22th December 2011 |
www.ft.lk |
LAUGFS Car Care free service campaign benefits motorists
LAUGFS Car Care Limited a subsidiary of the LAUGFS Holdings Limited, specialising in motor vehicle cleaning and maintenance, said that its 11 year celebrations events were successfully completed recently where large number of motorists were benefited during the promotional period...more>>
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| 09th December 2011 |
www.ft.lk |
LAUGFS GAS PLC Annual report -‘Every one wins’, wins Certificate of Compliance
The annual report of the LAUGFS Gas PLC for the year 2011,
has won Sector -Certificate of Compliance at the 2011 Annual Report Awards
organized by the Institute of Charted Accountants of Sri Lanka (ICASL).
Accordingly Chairman of the LAUGFS Gas PLC, W.K.H. Wegapitiya received the Sector – Certificate of Compliance
at the Annual Report Awards held last week.
In the year 2011, LAUGFS Gas PLC embarked on a journey of transformation after becoming a public quoted
company in the previous year. In doing so, LAUGS shared its business success with over 20,000 Sri Lankans
across the island. Its value increased two fold and the company continue to build upon its strong
foundations maintaining its mission to be the best in class of local energy sector and the preferred
choice in every household in the country.
As one of the Nation’s largest diversified conglomerates, it believes in contributing to drive the economy
forward and achieving the broader vision of the country. It is precisely why the theme of the annual
report appropriately describes its operations as “Every One Wins”.
LAUGSF Gas PLC is actively participate in four sectors namely energy, Leisure, services and property.
Under the Energy sector LAUGFS Gas PLC engaged in the operations of importation, storage, filling,
distribution and sale of LPG for domestic, industrial and auto gas users. The company has an island
wide sales network of distributors and dealers and the total LPG market in the country is presently
shared with one player.
The company under its services sector engaged with the testing and certification of vehicle emissions.
Under the leisure sector having managed the hotels all these years, the company currently engaged in
constructing the state of the art small luxury hotel in Chilaw. Also in the property development
sector it is now engaged in constructing a seven storied building complex at Maya Avenue Colombo 6
In the year 2011 LAUGFS Gas PLC recorded Rs.7.3 billion revenue, generating Rs.1.0 billion profits
before tax. The company also declared dividend of Rs.1.50 per share for the financial year under
review. The board of Directors of the LAUGFS Gas PLC, consist of Mr. W.K.H. Wegapitiya Chairman,
Mr. U. Thilak De Silva Managing Director, Mr. Ariyaratne Director, Mr.T.K Bandaranayake Director,
Mr. C.L.De Alwis Director and Mr. P.M. Kumarasinghe PC.
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Nov
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| 26th November 2011 |
www.ft.lk |
LAUGFS Supermarkets now offer Dialog bill payment facilities
LAUGFS Supermarkets Limited, one of the leading supermarket chains based
in Colombo and suburbs, recently signed an agreement with Dialog Axiata Plc, offering Dialog
utility payment facilities at all LAUGFS supermarket centres. Accordingly, the general public
is now in position to settle their Dialog utility bills at LAUGFS Supermarkets..
.more>> |
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| 12th November 2011 |
www.island.lk |
LAUGFS into solid rubber tyres
LAUGFS Gas PLC is investing Rs.150 million in a group company engaged
in manufacturing solid rubber tyres for the export market, LAUGFS announced in a Stock Exchange
filing. The filing made on Friday said that LAUGFS Eco Sri (Pvt) Ltd, a wholly owned subsidiary
of LAUGFS Gas PLC, has decided to invest Rs.150 million in convertible debenture at 6% per annum
in LAUGFS Corporation (Rubber) Ltd, a wholly owned subsidiary of LAUGFS Holdings
Ltd...more>> |
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| 15th November 2011 |
www.ft.lk |
LAUGFS Gas to invest Rs. 150 m in solid tyre venture
LAUGFS Gas (LGL) has decided to invest Rs. 150 million in the parent’s export-oriented
solid tyre manufacturing venture. LGL said that investment will be via its subsidiary LAUGFS Eco Sri Ltd.
in the form of subscription to Convertible Debentures (at an interest rate of 6 per cent per annum). The venture
is Board of Investment approved LAUGFS Corporation (Rubber) Limited, a wholly owned subsidiary of LAUGFS Holdings
Limited....more>> |
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Oct
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| 28th October 2011 |
www.ft.lk |
LAUGFS comes out with 1H results sans quarterly
Releasing first half results in one go instead of
quarterlies, LAUGFS Gas Plc yesterday reported a 5% increase in its bottom
line to Rs. 403 million in the six months ended on 30 September 2011 whilst
Group’s top line grew by 29% to Rs. 4.4 billion. Consolidated gross profit
for the first half of 2011/12 financial year was Rs. 736.7 million, up by 4%
whilst pre-tax profit amounted to Rs. 484.4 million, reflecting a 5% improvement
over the corresponding period of last financial
year...more>> |
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| 13th October 2011 |
www.ft.lk |
LAUGFS Eco Sri gets ISO 9001
Sri Lanka Standards Institution (SLSI), the national standard body in
the country, awarded ISO 9001-2008 certificate to LAUGSF Eco Sri Private Limited, a subsidiary
of the LAUGFS Gas PLC, one of the dynamic public quoted energy company in Sri Lanka. Chairman
of the SLSI, Kanchana Ratwatte, presenting the certificate to Chairman of LAUGFS Gas PLC ,
W.K. H. Wegapitiya said that ‘LAUGFS’ has always been a Company that was seen determined to
provide good quality service to the public....more>> |
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| 4th October 2011 |
www.dailynews.lk |
LAUGFS Group profit soars
The financial performance of LAUGFS Gas PLC for the period under review
is very impressive and the physical growth achieved in terms of sales is phenomenal. LAUGFS
Group has earned a profit before tax of Rs 1.0 billion for the financial year ended March 31,
2011 and it was a significant growth of 79% compared to the previous year?s operational results.
The profit after tax (PAT) for the same period ended March 31, 2011 for the Group was Rs 852 million
and this is an increase of 61% over the previous year...more>> |
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Aug
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| 11th August 2011 |
www.dailynews.lk |
LAUGFS to venture overseas in energy sector
LAUGFS Holdings Limited will focus on consolidating its presence in Sri Lanka
with an aggressive marketing strategy. The company has many plans for the future.
It aims at becoming the number one energy company in Sri Lanka. LAUGFS plans to
venture in to energy sector in countries such as South Africa, Bangladesh and Cambodia.
It already has the presence in Australia, LAUGFS Holdings Limited Managing Director
Thilak de Silva told Daily News Business...more>> |
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| 10th August 2011 |
www.ft.lk |
LAUGFS sponsors University of Colombo athletic team
Youth being the future leaders of the country, LAUGFS Gas PLC,
having identified the importance of the role of youth and their wellbeing ,
came forward to sponsor the athletic team of the Colombo University. LAUGFS Gas Chairman
W.K.H. Wegapitiya (second from right) presented the LAUGFS sponsorship to the athletic
team captains of the Colombo University recently. Head of Corporate Communications
LAUGFS Holdings Limited Deepal V. Perera was also present on the occasion No related content
found....more>> |
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| 04th August 2011 |
www.dailymirror.lk |
C F Loyalty Card holders get bonanza at LAUGFS SunUp
Central Finance Co Ltd (CF), a leading financial institution, joins hands with LAUGFS SunUp
to offer discounts on selected items to their loyalty card holders. CF has introduced a Loyalty card to reward their
long-standing customers through discounts offered by selected merchant partners island-wide. LAUGFS SunUp Supermarket
which is tagged as “the Super Store that never sleeps” was the first to introduce the 24-hour retail concept in Sri
Lanka. The supermarket chain has a proud reputation for the most diverse product
range...more>> |
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| 01st August 2011 |
www.ft.lk |
LAUGFS glows at Culinary Expo
LAUGFS Gas Plc in its bid to promote the use of the LPG among the
general public participated at the three-day Culinary Art exhibition which concluded yesterday
at the Sirimavo Bandaranaike Convention Centre. LAUGFS presented its range of gas products and
educated the general public on the use of gas, the economic befits and the safety features
when using LPG....more>> |
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July
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| 26th July 2011 |
www.dailymirror.lk |
LAUGFS opens regional campus
Centre for Customs & Excise Studies, University of Canberra (CCES) launched
its regional campus in Sri Lanka in partnership with LAUGFS Australia Higher Education Services
(Private) Limited (LAHES), a fully owned subsidiary of LAUGFS Holdings...more>> |
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| 19th July 2011 |
www.dailymirror.lk |
LAUGFS to venture in to education
Sri Lanka’s energy conglomerate, LAUGFS Holdings will shortly venture
in to the education sector, Mirror Business learns. Speaking to Mirror Business LAUGFS Holdings
Chairman W.K.H. Wegapitiya said that the company is yet to launch its campus’ main office at
World Trade Centre in Colombo. He said that it would be a new regional higher education centre,
and the group will also look into other opportunities in the education sector...more>> |
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| 05th July 2011 |
www.dailymirror.lk |
LAUGFS Sunup introduces money changing facility
LAUGFS Sunup Supermarkets private Limited, a subsidiary of LAUGFS Holdings
Limited breaking yet another milestone in modern trade, introduced Foreign Money Changing facilities
in its outlets. Governor of the Central Bank Ajith N. Cabral who was the chief guest at the opening
ceremony of the LAUGFS Sunup Foreign Exchange counter at its Wellawatta outlet, commended LAUGFS
for expanding the money changing facility in the country...more>> |
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June
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| 06th June 2011 |
www.ft.lk |
LAUGFS mulls rights issue, listing subsidiaries
:: May list most of itssubsidiaries to raise funds
:: Aiming to catch post-war growth in auto industry
Reuters: Sri Lanka’s energy-led conglomerate LAUGFS Gas said it may go for
rights issue or list its subsidiaries on the Colombo Stock Exchange to raise money
for post-war expansion. The fast-diversifying conglomerate, which has operations in LP gas,
consumer and petroleum retailing, lubricants, leisure, and rubber products, has planned a
number of new projects to capitalise on Sri Lanka’s post-war economic growth momentum ...more>> |
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May
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| 30th May 2011 |
www.DailyFT.lk |
MTI to pump up LAUGFS
The fast growing Sri Lankan conglomerate LAUGFS Holdings has retained MTI Consulting to
work with the Group and guide them through a comprehensive strategic planning process, in pursuit of taking the
Group to the next level.In announcing the agreement with MTI, the Chairman of LAUGFS W.K.H. Wegapitiya said,
“Having gone public with LAUGFS Gas, we see the potential to take our Group to even greater heights and to do
so we realised the criticality of strategy and strategic thinking. All our CEOs have now been through an Executive
Education process on Strategic Thinking with MTI and that is now being followed by individual companies embarking
on Strategic Planning”..more>> |
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| 29th May 2011 |
www.sundayobserver.lk |
LAUGFS to enter education sector
LAUGFS Holdings further diversifying its business in the country
plans to enter the education sector. Chairman LAUGFS Holdings, W.K.H. Wegapitiya said
that the the company plans to enter the education sector by setting up an institution offering
higher education this year. “We planned to enter the education sector amidst a plethora
of opportunities in the sector. Our entry is timely as there is a huge demand for higher
education, Wegapitiya said.With over 15 years in the LPG business LAUGFS is one of the highly
diversified entities in the country. While LPG is its core business, the company is into lubricants,
retailing, tyre export, leisure and metal cutting gas...more>> |
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| 25th May 2011 |
www.dailynews.lk |
LAUGFS records Rs 1.2 b PBT
LAUGFS Gas PLC and subsidiaries announced yesterday that the group surpassed
Rs 1.20 billion profits before tax PBT for the financial year ended March 31, 2011 and it is a phenomenal
increase in profits before tax by 107 percent over the previous year.The group, according to the unaudited
financial statements for the year ended March 31, 2011, released to the Colombo Stock Exchange, had posted
a profit after tax (PAT) of Rs 1.0 billion which is 90 percent over the corresponding period last year. During
the year under review, company’s revenue also increased by 30 percent from Rs 5.6 billion to Rs 7.3 indicating
robust performance. The LAUGFS Gas PLC and its subsidiaries also increased the value of its assets base by 48
percent from Rs 6.2 billion last year to Rs 9.2 billion as at the end of March 31, 2011. The net assets value
for the year increased from Rs 2.8 billion to Rs 6.3 billion...more>> |
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| 25th May 2011 |
www.srilankamirror.com |
Sri Lanka LAUGFS net up 44-pct in March quarter
Sri Lanka's LAUGFS Gas profits rose 44 percent to 251 million rupees in the March 2011 quarter from a
year earlier, while revenues rose 27 percent to 1.9 billion rupees, unaudited accounts showed. Full year profits rose 90
percent to 1,002 million rupees with revenues growing 31 percent to 5.5 billion rupees. The firm is Sri Lanka's second
liquefied petroleum gas distributor but it also has other businesses including vehicle emission testing and lubricants
retailing.....more>> |
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| 25th May 2011 |
www.ft.lk |
LAUGFS lights up Rs. 1.2 b Group pre-tax profit in FY11
LAUGFS Gas PLC and its subsidiaries yesterday announced that the Group surpassed
Rs. 1.2 billion profits before tax for the financial year ended 31 March 2011, reflecting a 107% increase.
The Group, according to the un audited financial statements for the year ended 31 March 2011, released to
the Colombo Stock Exchange, had posted a profit after tax (PAT) of Rs. 1 billion, which is 90% over the
corresponding period last year....more>> |
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| 24th May 2011 |
www.island.lk |
LAUGFS records strong profits growth, but not laughing yet
Smiling, but not laughing yet…
The Board of Directors of LAUGFS Gas PLC are seen here
after reporting impressive results for the year ended March 31, 2011. After tax profits grew 90 percent but the
company’s Chairman says it is yet to realize its potential as the post-conflict business environment can improve
further. Seated from left: U. K. Thilak De Silva, W. K. H. Wegapitiya (Chairman) and T. K. Bandaranayake. Standing
from left: P. M. Kumarasinghe PC, H. A. Ariyaratne and C. L. De Alwis...more>> |
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| 12th May 2011 |
www.dailymirror.lk |
EPF, LAUGFS taste chicken
Employees provident Fund (EPF) and the LAUGFS Gas (LGL) have emerged
among top seven shareholders of Ceylon Grain Elevators (GRAN), replacing Perpetual Capital
Ltd and Perpetual Asset Management Ltd, the latest quarterly financials outline. As per March quarter
financial accounts of GRAN, EPF has become the fourth largest shareholder of the company holding
8.4 percent (5, 004,900 shares), while shareholder LAUGFS Gas becoming the sixth largest shareholder
of GRAN with 1.67 percent (1 million shares) of the company. ...more>> |
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| 03rd May 2011 |
www.ft.lk |
LMD’s Brands Annual: LAUGFS leads charge of the ‘new brigade’
Brands Annual published by LMD has named the ‘LAUGFS’ brand the leader in the new emerging brands category better known as ‘new brigade’ which managed to show a vibrant impact in pushing country’s corporate brands into new heights. Accordingly, LMD in its latest stand-alone issue ‘Brands Annual’ has referred to ‘LAUGFS’ as a mover and shaker among the brands from the ranks known as the ‘new brigade’...more>> |
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| 03rd May 2011 |
www.ft.lk |
Brands Annual names ‘LAUGFS’ leader in the ‘new brigade’
Sri Lanka’s brand almanac better known as Brands Annual published by LMD has named “LAUGFS” brand as the leader in the new emerging brands category better known as ‘new brigade’ which managed to show a vibrant impact in pushing the country’s corporate brands into new heights.
Accordingly the LMD in its latest stand-alone issue ‘Brands Annual’ has referred ‘LAUGFS’ as mover and shaker among the brands that come from the ranks; what international brand rating agency Brand Finance refers LAUGFS as the “new brigade.”..more>> |
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| 03rd May 2011 |
www.dailynews.lk |
LAUGFS eyes education sector
LAUGFS Holdings will diversify into the education sector in the phase of tremendous opportunities in higher education. “We will be consolidating our presence in the Sri Lankan market and will be entering the education sector in the near future, LAUGFS Holdings Chairman W.K. Wegapitiya told Daily News Business. ...more>> |
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Apr
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| 12th April 2011 |
www.dailynews.lk |
LAUGFS Leisure eyes more hotels
LAUGFS Leisure is looking forward to take over the management or to buy hotels. It has a five year
plan to aggressively enter the leisure sector by building hotels in the Cultural Triangle and in attractive locations
in South coast and East coast. The first hotel to be constructed by the LAUGFS Group at a cost of Rs 500 million
investment is expected to complete construction by June next year. The construction of the hotel in Karugapam in
Chilaw by LAUGFS Leisure is currently under way...more>> |
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| 06th April 2011 |
www.ft.lk |
President orders CPC to sell 50% of LPG output to LAUGFS
PRESIDENT Mahinda Rajapaksa has given directions to the officials of the Ministry
of Petroleum Industries to instruct the Ceylon Petroleum Corporation (CPC) to supply 50% of the entire
LP gas output of the refinery to LAUGFS Gas PLC with immediate effect. LAUGFS Gas had an exclusive
arrangement with CPC to purchase the entire LPG production from the time it entered into the LP Gas market.
However, when the Government took over Shell Gas Lanka Ltd. and named it Litro Gas Lanka Ltd.,
CPC unilaterally decided to split the production on the basis of market share, giving 70% to
Litro Gas Lanka and 30% to LAUGFS Gas....more>> |
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| 05th April 2011 |
www.island.lk |
Last LAUGFS Private Player assured 50% of CPC output after president intervenes
President Mahinda Rajapaksa has given directions to the officials of the Ministry of Petroleum Industries to instruct Ceylon Petroleum Corporation to supply 50 percent of the entire LP Gas output of the refinery to LAUGFS Gas PLC with immediate effect, the company announced yesterday....more>> |
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| 04th April 2011 |
www.ft.lk |
LAUGFS lights up Bourse
What is believed to be its first equity investment, LAUGFS Holdings yesterday entered the market by picking up shares in Citrus Leisure and Ceylon Grain Elevators whilst shares in it were bought by two major players in the Bourse....more>> |
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| 03rd April 2011 |
www.sundayobserver.lk |
LAUGFS to diversify
LAUGFS Holdings will expand into three more sectors this year with substantial investments to provide more services to its customers, company sources said. LAUGFS has diversified to over 15 sectors and has made progress as a conglomerate during the past 10 years. LPG, lubricants, retail supermarkets and fuel emission testing are some of the main sectors of the company. ...more>> |
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| 02nd April 2011 |
www.dailymirror.lk |
LAUGFS gas up by Rs. 238
The price of 12.5 kg cylinder of LAUGFS gas has been increased by Rs. 238 with immediate effect, officials said. The new price of a 12.5 kg cylinder of LAUGFS Rs. 1890...more>> |
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| 02nd April 2011 |
www.island.lk |
LAUGFS gas price also up
LAUGFS also announced an increase in the price of a 12.5 kg gas cylinder by Rs. 238 to match the price revision by Litro Gas. The price of petrol, diesel and kerosene was also increased by the government with effect from midnight April 1....more>> |
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| 01st April 2011 |
www.ft.lk |
LAUGFS moves to new premises
LAUGFS Holdings Ltd., the country’s fastest growing and highly
diversified business group, yesterday moved into its own premises, accommodating its
subsidiaries under one roof. LAUGFS Holdings Chairman W.K.H. Wegapitiya addressing
at the opening ceremony said that the new premises symbolised the success of the
group’s 15 years of operations. He said that moving into the new premises at R.A.
De Mel Mawatha was a significant occasion for the company and thanked all the employees
for their loyalty and commitment...more>> |
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Mar
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| 16th March 2011 |
www.ft.lk |
LAUGFS SunUp to go hyper
Modern trading in Sri Lanka is to get a new look with the establishment
of hypermarkets in Colombo by LAUGFS Holdings by the end of this year...more>> |
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| 11th March 2011 |
www.ft.lk |
LAUGFS Gas strengthen operations in the East
LAUGFS Gas PLC yesterday in a bid to give fully pledge service to the Eastern Province declared open its 12th distributor point in Trincomalee.
Chief Executive Officer Mohan Perera and Group General Manager HRD LAUGFS Holdings Hector Perera officiated at the opening.
“The opening of the Trincomalee distribution point is very important occasion for the company where we will be in a position to serve entire Eastern Province with uninterrupted supply and availability of LAUGFS products in the region,” Perera said at the opening ceremony.
LAUGFS Gas Sales and Marketing Manager Eranga Amerakoon, Regional Sales Manager Budhika Gunawardene and Distributor Trincomalee Chandiam Hewage were also present...more>> |
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| 11th March 2011 |
www.dailymirror.lk |
LAUGFS Gas strengthens Eastern operations
LAUGFS Gas PLC in a bid to give a fully-fledged service to the Eastern Province declared open its 12th distributor point in Trincomalee yesterday, under the patronage of Chief Executive Officer(CEO) LAUGFS Gas PLC Mohan Perera and Group General Manager HRD LAUGFS Holdings Limited Hector Perera.
“The opening of the Trincomalee distribution point is an important occasion for the company, as we will be positioned to serve entire Eastern Province with uninterrupted supply and availability of LAUGFS products in the region”, CEO LAUGFS Gas PLC Mohan Perera said...more>> |
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|
| 10th March 2011 |
www.newsnow.lk |
LAUGFS Eco Sri donates 10,000 books
LAUGFS Eco Sri (Pvt.)Limited a company directly involved in protecting the environment by conducting emission tests on motor vehicles has come forward today, undertaking the task of donating 10,000 school exercise books, to be distributed among the school children displaced due to recent floods in the North Central Province...more>> |
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| 10th March 2011 |
www.dailymirror.lk |
LAUGFS Eco Sri donates 10,000 books
LAUGFS Eco Sri (Pvt.) donated 10,000 school exercise books,
to be distributed among school children, displaced due to recent floods in the North
Central Province. The Chairman of the LAUGFS Holdings Limited W.K.H. Wegapitiya
handed over school exercise books to Environment Minister Anura Priyadarshana
Yapa at the Ministry office recently...more>> |
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|
| 08th March 2011 |
www.dailymirror.lk |
Correction Continues in Colombo bourse
The All Share Price Index (ASPI) was uneasily in green during early trading hours
yesteday while the Milanka was more in red. However, profit taking across the board closed the ASPI deeper
in the red. Bank, Finance & Insurance (due to NDB) and Manufacturing (due to Piramal Glass) sectors were
the highest contributors to the market turnover. Bank Finance & Insurance index decreased by 0.56% while
Manufacturing sector index increased by 0.40%...more>> |
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|
| 07th March 2011 |
www.dailymirror.lk |
Looking South…..07th March 2011
The All Share Price Index dipped 82.2 points to close at 7,582.5
points (-1.1%), whilst the Milanka Price Index also dipped 13.5 points to close at 7,015.8
points (-0.2%). The total turnover was LKR3,104.7 mn (USD28,086.7 k) vs.12-month average
daily turnover of LKR2,765.5 mn (USD25,018.1 k) whilst the volume traded for the day was
133,223.6 k against the 12-month average daily volume of 92,910.0 k....more>> |
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|
| 04th March 2011 |
www.dailyFT.lk |
LAUGFS lights up Bourse
What is believed to be its first equity investment, LAUGFS Holdings
yesterday entered the market by picking up shares in Citrus Leisure and Ceylon Grain Elevators
whilst shares in it were bought by two major players in the Bourse. On a day which turned
out to be negative overall for the Bourse, deals on LAUGFS Gas involving 6.36 million shares
changed hands via 642 trades and accounted for the highest turnover of Rs. 345.4 million.
Within the quantity traded were three crossings of 4.6 million shares at Rs. 55 each.
Among buyers of LAUGFS were high networth investor Nimal Perera whom brokers said bought
around 2.3 million shares and Perpetual Capital of Arjun Aloysius fame bought 2.4
million shares....more>> |
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| 03rd March 2011 |
www.dailymirror.lk |
LAUGFS gas goes up by Rs. 96
Price of a 12.5Kg LAUGFS gas cylinder has been increased by
Rs. 96 from today. The revised priced of a cylinder is Rs. 1652, LAUGFS Gas officials
said....more>> |
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|
| 03rd March 2011 |
www.dailyFT.lk |
SME development and access to finance
Representing the backbone of a country’s economy, the Small and Medium Enterprises
(SME) segment plays an important role in augmenting the growth and development of a country. Categorised
as a middle income developing nation, Sri Lanka is made up of an economy where the majority, an astounding
70 per cent, fall into the SME category....more>> |
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Feb
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| 27th February 2011 |
www.sundaytimes.lk |
STOCKS - Colombo bourse sees buying interest
The market made up for lost ground with buying interest
returning to the bourse, while bargain hunters were seen active on oversold counters,
analysts said. LAUGFS gas voting and non-voting was the most traded shares of the day.
Activity was also seen in Ceylon Grain Elevators and its subsidiary Three Acre Farms.
JKH was the top contributor to turnover with Rs319 million. The All Share Price gained
34.13 points to close at 7,548.86 points (+0.45%), whilst the Milanka Price Index also
increased by 20.75 points to close at 7,181.13 points (+0.29%)....more>> |
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| 24th February 2011 |
www.island.lk |
LAUGFS introduces 5 kg gas cylinder
LAUGFS has presented to Sri Lankan consumers, the first-ever 5kg gas cylinder,
which has now been introduced to the market. The 5 kg, LAUGFS cylinder is the latest member to join
12.5kg and 2kg gas cylinders, which are already there in the market. This cute little 5kg gas
cylinder is introduced especially for the benefit of small families. LAUGFS Company believes,
that the 5kg will be popular with the consumers became of its cute size and its easy
portability....more>> |
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Jan
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| 13th January 2011 |
www.dailymirror.lk |
LAUGFS surpasses profit forecasts
LAUGFS group has posted Rs.750 million Profit After Tax (PAT) for
the nine months ended December 31, a 96 percent increase from a year ago, surpassing profit
forecasts for the period, group Chairman W.K.H Wegapitiya said in a statement yesterday.
The group has posted a Rs 5.32 billion revenue for the period under consideration, a 32
percent increase over the last years performance...more>> |
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|
| 13th January 2011 |
www.dailynews.lk |
LAUGFS posts solid growth
Rs 750 m net profit for first nine months:
LAUGFS Group has posted a revenue of Rs 5.32 billion which is 32 percent
increase over the corresponding year for the nine months ended in December 31. The Profit After
Tax (PAT) of the group was Rs 750.3 million which is an impressive 96 percent increase over the
same period last year. The group PAT has recorded a 27 percent increase, over the forecast made
for the period under review, LAUGFS Holdings Limited Chairman W K H Wegapitiya said Daily News
Business...more>> |
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| 13th January 2011 |
www.ft.lk |
LAUGFS ups nine month net profit by 96% to Rs. 750.3 m
Re-energised LAUGFS Gas Ltd., yesterday announced a Group after tax profit of
Rs. 750.3 million, for the first nine months of 2010/11 up by 96% over the corresponding period of
last year. The impressive bottom line was powered by a 32% increase in Group revenue to Rs. 5.32
billion. The financial position of the Group had continued to improve with a total asset base of
Rs.8.6 billion as at 31 December, 2010 in comparison to Rs.4.5 billion a year earlier....more>> |
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|
| 11th January 2011 |
www.ft.lk |
LAUGFS Gas up by Rs.36
LAUGFS Gas Limited said yesterday that the Consumers Affairs
Authority (CAA) had granted approval to the company to increase the retail price of
its 12.5kg domestic gas cylinder by Rs.36. ...more>> |
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|
| 09th January 2011 |
www.ft.lk |
LAUGFS sparks
* On debut voting share soars by 35% before closing up 15.2% or Rs. 3.50 to Rs. 26.50
* 41% of IPO volume and 9% of issued shares trade on opening day
* Bear run persists at Colombo bourse
LAUGFS Gas Ltd., (LGL) yesterday had a commendable debut with the price of its voting
shares soaring by 35% before closing up 15% though the market failed to be enlightened as bear run continues. The new kid on the
CSE opened trading at Rs. 31, which was the day’s highest reflecting a 35% increase from its IPO price of Rs. 23. With 30.8 million
shares changing hands via 10,283 trades, ...more>> |
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| 07th January 2011 |
www.island.lk |
Big trades in LAUGFS, Richard Pieris & Pan Asia
Bourse closes week on upbeat note
he upward movement on the Colombo bourse continued yesterday with a turnover
of Rs.4.14 billion, down from the previous day’s Rs.4.2 billion, with both indices gaining tidily –
the All Share by 82.23 points (1.25%) and the Milanka by 92.38 points (1.28%) with 117 advancers
outpacing 66 decliners. ...more>> |
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|
| 07th January 2011 |
www.dailynews.lk |
LAUGFS enters into hydropower
LAUGFS Power Limited, a subsidiary of LAUGFS Gas Limited will invest Rs
500 million on a mini hydro power plant and acquiring existing two mini hydro power plants.
There are many potential mini hydro power generation sites in the country which has not been
exploited to the full. Private sector as well as public sector should tap these renewable
energy sources including wind, solar and bio diesel, LAUGFS Holdings Limited Chairman W K H
Wegapitiya told Daily News Business. ...more>> |
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| 06th January 2011 |
www.dailymirror.lk |
LAUGFS goes hydro
LAUGFS Gas distributor has decided to enter the country’s mini hydro power
generation sector with an initial investment of Rs.500 million, a Stock Exchange disclosure filed
by the company said. This is its first investment in the hydro power sector and the company expects
to develop Ranmudu Oya Mini Hydro Project in Balangoda under its fully owned subsidiary M/s LAUGFS
Power Ltd. ...more>> |
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| 06th January 2011 |
www.dailymirror.lk |
LAUGFS enters JV with Bharat Petrolium
LAUGFS Gas Ltd. has entered into a joint venture agreement with Bharat
Petrolium Corp. of India to introduce innovative metal cutting gas in Sri Lanka under the brand
name LAUGFS Bharat Metal Cutting gas (LBMCG), a stock exchange filing by the firm noted. The filing
further said that LAUGFS will only have to pay a royalty fee of US $ 250 per metric ton quarterly
or part thereof on the gas sold under the license from
BPCL. ...more>> |
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| 06th January 2011 |
www.ft.lk |
LAUGFS Gas ties up with Bharat Petroleum
LAUGFS Gas Plc just one month after concluding its Initial Public Offering
(IPO) announced that it had signed an agreement with India’s number one energy giant Fortune 500
Company Bharat Petroleum Corporation Limited to introduce innovative Metal Cutting Gas to the local
market which is expected to revolutionise the industrial sector by offering safe cutting gas at a
lower cost. Chairman of LAUGFS Gas Plc W.K. Wegapitiya signed the agreement with Director
(Marketing) of Bharat Petroleum India Limited S. Radhakrishnan in Chennai...more>> |
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| 06th January 2011 |
www.dailynews.lk |
LAUGFS imports metal cutting gas
The Sri Lankan metal cutting gas industry is a sizeable market which can
make further cost effective and safe than current acetylene mixed with oxygen used for metal
cutting. LAUGFS Gas Ltd., signed a joint venture agreement with Bharat Petroleum Corporation
Ltd of India to import a new brand, Metal Cutting Gas to Sri Lanka under the brand name LAUGFS
Bharat Metal Cutting Gas (LBMCG), LAUGFS Holdings Chairman W K H Wegapitiya told Daily News
Business...more>> |
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|
2010
Dec
| 21st December 2010 |
www.dailynews.lk |
Perseverance pays for Wegapitiya
He has inherited the desire of winning from his childhood.
Today he is the main shareholder of the second largest LP Gas supplier in Sri Lanka.
He is one of the few winners of the corporate world to start an ever-growing conglomerate
from zero with his hard earned education. He is none other than LAUGFS Holdings Limited,
Chairman W. K. H. Wegapitiya. he is featured in this week’s Young Entrepreneur column.
Excerpts of the interview. ...more>> |
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|
| 21st November 2010 |
www.dailynews.lk |
LAUGFS trades
The trading of non-voting shares of LAUGFS started yesterday.
LAUGFS Holding Chairman W K H Wegapitiya said the market was depressed during the past
few days due to various reasons and has to enter the market under this circumstance.
“However, we promise our shareholders that they will have benefits in the long-term
perspective,” he said. ... |
| |
|
| 02nd December 2010 |
www.dailyFT.lk |
LAUGFS Chief calls for tariff concessions at Asia seminar in S’pore
In a bid to increase LPG consumption LAUGFS Gas is urging the government to give incentives
to users so that LPG usage benefits will be better known. LAUGFS Gas Chairman W. K. H. Wegapitiya addressing the
“Asia Auto Gas Workshop” in Singapore suggested tariff concessions for LPG related equipment including incentives
to motorists who have converted to LPG, tax concessions for dedicated LPG vehicles and exempt the LPG driven
vehicles from mandatory requirements to obtain annual emission testing certificates, and also to introduce a new
type of number plate for LPG driven vehicles....more>> |
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Nov
| |
|
| 21st November 2010 |
www.sundaytimes.lk |
Mark Mobius' Templeton invests in LAUGFS
Global investor and emerging markets fund manager, Mark Mobius has invested
in the recently concluded LAUGFS Gas Ltd Rs 2.5 billion Initial Public offering (IPO) stockbrokers
said, signaling possibly his Templeton fund’s second major foray into Sri Lanka. Earlier Mr. Mobius,
in an interview with Business Times in November 2009, had said he would adopt a ‘wait and see’
policy in view of presidential/parliamentary elections and....more>> |
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|
| 21st November 2010 |
www.sundayobserver.lk |
LAUGFS IPO attracted the common man
“The LAUGFS IPO attracted the common man and mostly persons who had never
participated at an IPO or had any dealings in stocks previously, said LAUGFS Chairman W.K.H. Wegapitiya.
LAUGFS IPO, issued to raise Rs. 2.5 billion was over subscribed by 20 times and attracted Rs.42.3 billion.
The company offered voting and non- voting shares to raise 22 percent of its equity capital. The company offered
Rs. 75 million voting and Rs.52 million non-voting shares on the basis of 80 percent to the public and
10 percent to the employees, dealers and customers under the theme “Share the golden harvest” The number of
subscriptions surpassed 64,000, a record in the history of the IPO at CSE, Wegapitiya said. ...more>> |
| |
|
| 17th November 2010 |
www.dailymirror.lk |
Record demand for LAUGFS IPO
The spirited LAUGFS Gas' Rs. 2.5 billion-Initial Public Offering (IPO)
has ignited a record demand with applications worth Rs. 42.3 billion received reflecting a near
17 times oversubscription. The Company said that the number of applications at over 64,000 was a
record for any IPO whilst the final accepted number excluding rejects was 59,011. The offering
of ordinary voting shares worth Rs. 1.725 billion (75 million shares at Rs. 23 each) had triggered
a response worth Rs. 28.37 billion and the non voting tranche worth Rs. 780 million
(52 million shares at Rs. 15 each) saw applications worth Rs. 13.96 billion. ...more>> |
| |
|
| 17th November 2010 |
www.dailynews.lk |
LAUGFS to build hotel in Bangadeniya
LAUGFS Holdings Limited will start construction work of the 100 rooms
four-star hotel in Bangadeniya Chilaw in December. The hotel will be ideal for tourists since
it is only one hour from the Bandaranaike International airport and can be used as a transit
point for tourist travelling to the East coast of the country, LAUGFS Holdings Limited Chairman
W K H Wegapitiya told Daily News Business. Under the first phase of the hotel, 74 rooms will be
constructed within 18 months and under the second phase there will be 26 cabana model rooms.
The hotel will target high end spending customers and LAUGFS also expects to get the Small
Luxury Hotel Association membership. ...more>> |
| |
|
| 06th November 2010 |
www.sundaytimes.lk |
LAUGFS Holdings closes IPO on first day itself
The Initial Public Offering (IPO) of 75 million ordinary voting shares and 52
million ordinary non-voting shares of LAUGFS Gas Limited has been oversubscribed several times yesterday.
LAUGFS Holdings Chairman W K H Wegapitiya said the oversubscription of the IPO on the opening day is
encouraging. "This is a testimony for a real public issue as people from rural areas including from the
North and East have also applied to be a part of our company. People are actively harnessing the benefits
of the peace and the company," he said. There will be a huge transformation in the company as many projects
are to be launched. We expect that the listing will create a better chance for our customers and all Sri
Lankans to share the wealth ...more>> |
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|
| 04th November 2010 |
www.sundaytimes.lk |
LAUGFS Gas Rs 2.5 bln issue oversubscribed
Sri Lanka’s LAUGFS Gas initial public offering of shares worth a total of
Rs 2.5 billion was oversubscribed on Thursday, a few hours after opened for subscription. Merchant
Bank of Sri Lanka PLC, Managers and Registrars to the issue, said the issue as per earlier prospectus
announcement will close at 4.30 p.m. today (November 4). The 'good' news for LAUGFS comes a day after
Shell Gas said it finally clinched a deal with the Sri Lankan Government to sell with the new
government-owned company planning to market LPG under a new name - 'Litro' gas, broking sources said.
LAUGFS has been eying a stake or management of the former Shell company in which the government plans
to offer 49% to the public. ...more>> |
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|
| 04th November 2010 |
www.dailymirror.lk |
LAUGFS Gas hosts Annual Dealer conventions in 5 towns
Creating memories that would last a life time for their regional dealers, the team from
LAUGFS Gas Limited (LGL) travelled the country to conduct their Annual Dealer Conventions with the objective of
appreciating and recognizing outstanding dealers who are a part of its extensive and fast growing dealer network
- in the regions of Kurunegala, Puttalam, Anuradhapura, Polonnaruwa, Trincomalee, Badulla, Galle, Nuwara Eliya
and Rathnapura. ...more>> |
| |
|
| 03rd November 2010 |
www.dailyFT.lk |
Seylan Bank and LAUGFS SunUp Super Markets break new ground with co-branded Visa card
Seylan Bank, the bank with a heart has joined hands with LAUGFS SunUp Super Markets
to offer valued customers of LAUGFS SunUp a multi purpose VISA Card that would enable customers to earn points,
enjoy discounts and spend them at any place of their choice. Having commenced their business in 2001, LAUGFS
SunUp Super Markets have expanded their presence adding 26 outlets to the chain of Super Markets. The
Co-Branded VISA Card will be issued over the counter at all LAUGFS SunUp Super Markets to anyone who
wishes to obtain this special card...more>> |
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|
| 03rd November 2010 |
www.dailynews.lk |
LAUGFS profit tops Rs 422 m
LAUGFS Gas Ltd and its subsidiaries performed strongly during
the six months period under review ending September 30, 2010. The group turnover increased
by 34 percent against the corresponding period, with profit after tax reaching Rs 422.9 million
as against Rs 288.9 million last year, which is an increase of 46 percent. In terms of volume the
LP Gas cylinder sales have increased by 37 percent and in terms of metric tonnage there was an
increase of sales by 22 percent over the forecasts made for the period under review...more>> |
| |
|
| 03rd November 2010 |
www.dailymirror.lk |
LAUGFS gas down by Rs. 73
The price of a 12.5 kg LAUGFS gas cylinder came down by Rs. 73
while the price of a Shell gas cylinder remained unchanged with effect from today,
Internal Trade and Cooperatives Minister Johnston Fernando said."After discussions
held with the two companies, we agreed that the price of a 12.5 kg LAUGFS gas cylinder
be reduced by Rs. 73, while the price of a Shell gas cylinder remain unchanged," he
said. According to him, this was done in the interests of the people as the world market
price of gas had come down. ...more>> |
| |
|
| 02nd November 2010 |
www.dailymirror.lk |
LAUGFS Gas improves 1H performance
LAUGFS Gas Limited yesterday announced that group's turnover for the past
six months increased by 34% to Rs.422.9 million which is an increase of 46% over last year of 288.9
million. Chairman LAUGFS Group W.K. H. Wegapitiya in a statement said that in terms of volume the
LP Gas Cylinder sales have increased by 37% and in terms of gas usage increased by 22% over the
forecasts made for the period under review. He said that the unaudited accounts balance sheet as
30 September showed an increase in Net Asset value to Rs.3.26 billion which was an increase of 15%
over last year's final accounts. "During the year, Retained earnings grew by an impressive 50% whilst
trade and other receivables decreased by 17% as a result of prudent credit and cash flow management
practice adopted," he said. ...more>> |
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|
| 02nd November 2010 |
www.DalyFT.lk |
LAUGFS Gas shines with above forecast 1H results
Ups revenue by 34% to Rs. 3.4 b; Net profit by 46% to Rs. 423m;
Second quarter more impressive with net profit up 145% to Rs. 296.4 m
LAUGFS Gas Ltd., (LGL) yesterday announced above forecast impressive financial results for
the first half of 2010/11 year linking it post-war rebound as well as aggressive marketing.
As per unaudited accounts released, LGL’s consolidated turnover amounted to Rs. 3.4 billion
up by 34% over the first half of 2009/10 financial year as well as 18% forecast by the company.
Gross profit grew by 31% to Rs. 707.4 million as against forecast of 27%. Pre-tax was up by 45%
to Rs. 460.7 million and net profit was Rs. 423 million up 46% in comparison to forecast of 13%
and 20% growth respectively. ...more>> |
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|
| 01st November 2010 |
www.DalyFT.lk |
Lighting up with listing
LAUGFS Gas Limited announced its decision to list the company on
the CSE in order to raise Rs. 2.5 billion from the public though an IPO of 22% of its
stake at a launch held at the Taj Samudra. Present at the launch was the Chairman of
the LAUGFS Group W.K.H. Wegapitiya and other important stakeholders of the company
business leaders and investors...more>> |
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|
| 01st November 2010 |
www.DalyFT.lk |
NDB Stockbrokers recommend LAUGFS Gas IPO as ‘Buy’
NDB Stockbrokers is recommending the Initial Public Offering (IPO)
of LAUGFS Gas as “Buy.” The IPO worth Rs. 2.5 billion is currently up for subscription whilst
its official opening is on November 4th. Here are excerpts from the NDB Stockbrokers preview
on LAUGFS IPO....more>> |
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|
Oct
| |
|
| 24th October 2010 |
www.www.sundayobserver.lk |
LAUGFS IPO opens Nov. 4
LAUGFS Gas Ltd. will raise Rs. 2,505 million from an Initial
Public Offering (IPO) to support the company's expansion plans and drive growth in
the fast developing lubricant industry, said Chairman, LAUGFS Holdings Ltd., W. K.
H. Wegapitiya. He said one of the major plans of the company is to enter the leisure
sector of the country which is rapidly growing following the end of the conflict.
LAUGFS has commenced constructing a 100-room luxury hotel in Chilaw with an investment
of Rs. 500 million and also plans to build 72 serviced apartments at a company-owned
prime property in Colombo. "LAUGFS has excelled in the lubricant business and today
the company is a leading player in the industry. We are ready to takeover Shell Lanka
and convert it into a more profitable venture", Wegapitiya said. ...more>> |
| |
|
| 24th October 2010 |
www.sundaytimes.lk |
LAUGFS IPO launch fell on “2010-2010”
LAUGFS Gas Ltd is interested in managing Shell Gas, which the government has
bought from its original Dutch owner and will offer its expertise in managing this entity to the state,
according to LAUGFS Chairman W.K.H. Wegapitiya. “We are extremely interested in managing it for the
state,” he told the Business Times on the sidelines of the Initial Public Offering (IPO) launch on
Wednesday. He stressed on the numerology of 20.10.2010 (last Wednesday) saying that it’s a good omen
to be launching on such a day. ...more>> |
| |
|
| 23rd October 2010 |
www.dailynews.lk |
The LAUGFS Gas Limited announces Rs 2,505 million IPO at a ceremony held yesterday.
LAUGFS Gas Limited Chairman W K H Wegapitiya cutting the traditional milk rice with his directors to mark
the occasion. Picture by Saliya Rupasinghe ...more>> |
| |
|
| 21st October 2010 |
www.dailyFT.lk |
Laughing at multinational?
Is Sri Lankan brand LAUGFS being invited to become or join a multinational? That could be a possible
conclusion judging by the extension of the hand to LAUGFS Chairman W.K.H. Wegapitiya (left) by
Chevron Lubricants Lanka Managing Director and CEO Kishu Gomes who is a young Lankan business
leader last night at the former’s reception to launch his Rs. 2.5 billion share offering ...more>> |
| |
|
| 21st October 2010 |
www.dailymirror.lk |
LAUGFS IPO on November 4
Plans 100 room hotel in Chilaw:
LAUGFS Gas Ltd announced its intention to raise Rs 2,505 million from the public through
an Initial Public Offering (IPO) of 22 percent of its stake yesterday. Listing on the Dirisavi
Board of the CSE, the company is offering 75 million voting shares of the company at the share
offer price of Rs 23 each and 52 million non-voting shares of the company at the share offer
price of Rs 15 each. The official opening of the IPO will be on November 4 and will be kept
open until November 25 unless fully subscribed before that. The minimum subscription has been
set at 100 shares and thereon in multiples of 100 shares of any class of shares applied ...more>> |
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|
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|
| 18th October 2010 |
www.dailymirror.lk |
From humble beginnings to the best in business
At the Association of Accounting Technicians of Sri Lanka (AAT) Annual Conference,
the highlight was the panel discussion on 'Own Success Stories,' where leading entrepreneurs shared their
humble beginnings to become the best today. Chairman of LAUGFS said that coming from the rural school of
Pinnawela Central from a heritage of a farmer family, ...more>> |
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|
| 12th October 2010 |
www.dailyFT.lk |
LAUGFS gears up for more growth
Diversified into 15 sectors, LAUFGS has been smiling with growth for the last
10 years. With an impending IPO, Rs. 500 m resort in Chilaw and expansion plans to Bangladesh and Vietnam,
the company is looking to cash in on the post-war boom. Daily FT caught up with LAUGFS Chairman W.K.H
Wegapitiya to get the inside story on these developments and get some hard hitting opinions of overall
issues. Following are excerpts:...more>> |
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|
| |
|
| 11th October 2010 |
www.dailynews.lk |
LAUGFS to buy Shell stake
LAUGFS Holdings Limited plans to purchase Shell Gas Company shares when
listed in the Colombo Stock Exchange (CSE).This is after the Government finalizes the deal with
Shell Gas to acquire ownership. The Cabinet approved the purchase of stakes in Shell Gas Lanka
Limited and Shell Terminal Lanka Limited last week. The Government intends to retain at least 51
percent of these shares to keep the controlling interest and issue the balance to the public through
the Colombo Stock Exchange. "We will buy Shell shares and manage the new company. The country will
benefit from this public-private partnership," LAUGFS Holdings Limited Chairman W K H Wegapitiya
told Daily News Business. The sale of Shell's shares in Sri Lanka is in line with Shell's strategy
to refocus its global downstream footprint into fewer, larger markets. ...more>> |
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|
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|
| 07th October 2010 |
www.dailymirror.lk |
LAUGFS' IPO open for subscription from Oct 14.
LAUGFS Gas Limited (LGL), which began its business in a humble way in
2001 by entering into the LPG gas industry, announced yesterday that the Colombo Stock Exchange
(CSE) had approved its application for listing on the Diri Savi Board. Via the Initial Public
Offering the Company will issue 75 million voting shares at Rs. 23 each (raising Rs. 1.72 billion)
and 52 million non voting shares at Rs. 15 each (raising Rs. 780 million). Funds to be raised
amounting to Rs. 2.5 billion will be to retire expensive debt, finance expansion and
diversification. ...more>> |
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|
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|
| 06th October 2010 |
www.dailynews.lk |
CSE nod for LAUGFS listing
Colombo Stock Exchange (CSE) has approved an application for listing Ordinary
Voting shares and Ordinary Non Voting shares of LAUGFS Gas Limited, the CSE said yesterday. LAUGFS
Gas Limited will raise Rs 2.5 billion through this initial public offering for expanding its
gas business. The company will offer 75 million ordinary voting shares at a price of Rs 23.00
per share and 52 million Ordinary Non Voting shares at a price of Rs 15.00 per share. The opening
of the subscription list will be on November 4. The IPO prospectus is to be delivered by October
14. The company will invest these funds to expand its market share, the storage and filling
capacity and to fast track the road tanker fleet in their
LPG business. ...more>> |
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|
Sept
| |
|
| 09th September 2010 |
www.dailynews.lk |
LAUGFS willing to run Shell Gas if given
LAUGFS Holdings Ltd is willing to work closely with the Government to enhance
the energy sector in the country. LAUGFS Holdings Chairman, W K H Wegapitiya said they are willing
to take over the management of Shell Gas Lanka Ltd. The company has already expressed its interest in
acquiring the stakes. He said discussions are still in process and if the Government is buying the
stake, which is currently on hold an LAUGFS gas will work closely with the Government to develop
the energy sector in Sri Lanka”. “Working together will enable utilizing the expertise, practices
and logistics and the import terminal as a common facility which will benefit the industry positively.
This would also generate revenue for the Government too,” Wegapitiya said. ...more>> |
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|
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|
| 06th September 2010 |
www.dailynews.lk |
LAUGFS to get listed soon
LAUGFS Holdings Limited will soon get listed in the Colombo Stock
Exchange (CSE) for its expansion projects and to offer an opportunity for customers to
be part of their company. There will be a huge transformation in the company as many projects
are to be launched within the year and during the years to come, LAUGFS Holdings Chairman W K
H Wegapitiya told Daily News Business. “We have maintained our identity as a Sri Lankan company
by differentiating and diversifying into various sectors during the past ten years. We expect
that the listing will create a better chance for customers to share the wealth,” he said. The company
will invest Rs two billion to expand the market share, the storage capacity and the filling capacity
and to fast track the road tanker fleet in their LPG and lubricant businesses. ...more>> |
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|
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|
| 01st September 2010 |
www.dailymirror.lk |
LAUGFS gas price reduced
The price of a12.5kg cylinder of LAUGFS gas had been reduced by Rs.46
with effect from midnight September 1, while the price of a 12.5kg cylinder of shell gas remained
the same, said Cooperatives and Internal Trade Minister Johnston Fernando yesterday. “The new price
]of a 12.5kg LAUGFS gas cylinder is Rs. 1593 while a 12.5kg shell gas cylinder will remain at Rs.
1652. The new prices will prevail in September and October,” the minister said. The new price comes
in the wake of the reduction in the world gas prices....more>> |
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August
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|
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|
Not
Available News For This Month |
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|
July
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|
| 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>> |
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|
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>> |
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|
| 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
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|
| 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>> |
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|
Apr
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|
| 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>> |
| |
|
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>> |
| |
|
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>> |
| |
|
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>> |
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| 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
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| 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>> |
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| 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>> |
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| 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>> |
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May
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| 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>> |
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| 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
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Not Available News For This Month |
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Mar
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| 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. |
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| 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. |
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| 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. |
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| 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
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Not Available News For This Month |
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JAN
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| 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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| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
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2007
Dec
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| 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. |
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| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
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Nov
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| 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>> |
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| 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. |
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|
| 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>> |
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| 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>> |
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| 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>> |
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| 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>> |
| |
|
| 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
| |
|
| 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.
|
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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
| |
|
| 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>> |
| |
|
| 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
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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 |
|
|
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>> |
| |
|
| 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. |
| |
|
| 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>> |
| |
|
Oct
| |
|
| 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. |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
Sep
| |
|
| 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. |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
| 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. |
| |
|
Aug
| |
|
| 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>> |
| |
|
| 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>> |
| |
|
Jul
| |
|
| 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
| |
|
| 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
| |
|
| 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. |
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|
| 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>> |
| |
|
| 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
| |
|
| 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>> |
| |
|
Feb
| |
|
| 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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