DOCSLIB.ORG

Lubricant Market Report-2018 PRINT 051119

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Lubricant Market Report-2018 PRINT 051119 SHADOW REGULATOR As the shadow regulator of the lubricant market, Public Utilities Commission of Sri Lanka, collects and records operational information of the lubricant market. This report summarizes the operational information and provides an overview of lubricant market in Sri Lanka. VisionVision To create an environment for all inhabitants of Sri Lanka, and the contributors to is development, to have access to essential infrastructure and utility services in the most economical manner,within the boundaries of the sustainable development agenda of the country. MissionMission To regulate all utilities within the purview of the Public Utilities Commission of Sri Lanka to Ensure safe, reliable and reasonably - priced infrastruticservices for existing aswell as future consumers in the most equitable and sustainable manner. 11 Role of PUCSL as the Shadow Regulator 12 Activities and Progress of the Year 2018 16 Activities for 2019 17 Proles of Market Players 31 Authorized Parties/Brands 32 Market Growth and Market Share 35 Lubricant Sales 42 Automotive Lubricant 44 Lubricant Sales (Synthetic) 46 Imports 48 Exports 49 Production 49 Lubricant Standards 50 Government Revenue 50 Market Analysis CONTENTS Figure 1 : Lubricant Sales (kL) - 2009 to 2018 Figure 2 : Lubricant Sales (Quantity) - 2018 Figure 3 : Lubricant Sales (Revenue) - 2018 Figure 4 : Lubricant (Automotive) Sales Figure 5: Lubricant (Industrial) Sales Figure 6 : Lubricant (Marine) Sales Figure 7 : Lubricant (Greases) Sales Figure 8 : Lubricant Sales (kL) by Company – 2011 to 2018 Figure 9 : Lubricant Sales Revenue (LKR in M) by Company – 2010 to 2018 Figure 10 : Lubricant Sales Quantity by Type -2018 Figure 11 : Lubricant Sales Revenue by Type - 2018 Figure 12 : Lubricant Sales Quantity by Type – 2010 to 2018 Figure 13 : Automotive Lubricant Sales (Quantity) Breakdown - 2018 Figure 14 : Automotive Lubricant Sales (Revenue) Breakdown - 2018 Figure 15: Synthetic Lubricant Sales Quantity by Type- 2018 Figure 16 : Synthetic Lubricant Sales Quantity by Company- 2018 Figure 17 : Lubricant Imports Quantity by Type - 2018 Figure 18 : Lubricant Imports Quantity by Type - 2011 to 2018 LIST OF FIGURES Table 1 : List of authorized parties/brands and activities in Sri Lankan Lubricant Market Table 2 : Lubricant Sales - 2009 to 2018 Table 3 : Lubricant Sales and the Market Share - 2018 Table 4 : Lubricant Sales (Company) – 2011 to 2018 Table 5 : Lubricant Sales (Type) – 2011 to 2018 Table 6 : Automotive Lubricant Sales Breakdown - 2018 Table 7: Lubricant Sales (Synthetic) Quantity - 2018 Table 8 : Lubricant Sales (Synthetic) Quantity by Company - 2018 Table 9 : Lubricant Imports Quantity - 2018 Table 10: Total base oil and additives - 2018 Table 11: Lubricant Exports Quantity - 2018 Table 12 :Lubricant Exports Quantity by Company - 2018 Table 13 : Lubricant Standards LIST OF TABLES LUBRICANT MARKET REPORT-2018 l PUBLIC UTILITIES COMMISSION OF SRI LANKA l 11 ROLE OF PUCSL AS THE SHADOW REGULATOR Petroleum Industry Lubricant Market The downstream petroleum industry comprises of the In 2006 the government nominated PUCSL as the importation and rening of crude oil as well as the shadow regulator for the Lubricant Market as an interim importation, exportation, distribution, supply and sale of measure until PUCSL is fully empowered as the regulator petroleum products such as petrol, diesel, kerosene, for petroleum industry. Since then PUCSL has been furnace oil, liqueed petroleum gas, marine fuel, aviation advising and assisting the Ministry of Petroleum in fuel, naphtha, bitumen as well as other mineral oil products policy matters and regulatory role in lubricant market. and lubricant oil including greases. It is primarily governed by the Ceylon Petroleum Corporation Act, No. 28 of 1961 as The lubricant market is regulated and governed under amended and the Petroleum Products (Special Provisions) the provisions of the Petroleum Products (Special Act, No. 33 of 2002. Provisions) Act No. 33 of 2002 and the Ceylon Petroleum Corporation Act No. 28 of 1961. The importation, Presently, the Minister in charge of the subject of exportation, blending, production, sale, supply and Petroleum has overall powers to regulate the downstream distribution of lubricants including greases require petroleum industry. However, the operations of market specic authorization from the Government. participants are not monitored and regulated properly. In view of the above, a new regulatory framework is to be Authorization is granted only to qualied parties who established under purview of Public Utilities Commission possess proper technical know-how and adequate of Sri Lanka. Towards this end, amendments to the nancial capability, to ensure that substandard products Petroleum Products (Special Provisions) Act, No. 33 of 2002 do not enter the market. have been prepared by the Ministry of Petroleum Resources Development. The sanction of the Parliament As the shadow regulator of the lubricants market, the for proposed amendments to the respective acts is PUCSL advises the Ministry of Petroleum Resources currently pending and once those acts are passed by the Development on policy and regulatory matters with Parliament, PUCSL will be empowered to fully regulate the respect to liberalization of the lubricants industry. Also downstream petroleum industry. PUCSL collect the data related to the lubricant market and publishes periodically. PUCSL has been designated as the regulator for Petroleum industry. However, the respective acts (The Petroleum The PUCSL learnt that there are a number of issues Products (Special Provisions) (Amendment) Bill and Ceylon pertaining to quality and price preventing the ecient Petroleum Corporation (Amendment) Bill), which would functioning of the lubricant market aecting the empower the PUCSL to regulate economic, technical, interests of consumers and market participants. competition and safety aspects of the petroleum industry, Therefore, the Public Utilities Commission of Sri Lanka is is to be presented to the parliament for enactment. At currently working out on below listed activities for the present, the PUCSL assists the Ministry of Petroleum beneciary of the industry. Resources Development to regulate the downstream petroleum products. Petroleum products include petrol, diesel, kerosene, aviation fuel, marine fuel, furnace oil, 1. Formulating a Procedure for Compulsory Import liqueed petroleum gas and lubricants. Inspection of Lubricants by the Sri Lanka Standards Institute and Sri Lanka Customs 2. Formulating a Mechanism for Collection, Recycling and Disposal of Used Lubricants 3. Formulating an Advice on Duty Dierential of Imported and Locally Blended Lubricants for Increased Competition 4. Formulating Consumer Awareness Campaign on Lubricants 5. Reviewing and updating Sri Lanka Standards for Lubricants 6. Formulating a Mechanism for Testing the Quality of Lubricants 12 | PUBLIC UTILITIES COMMISSION OF SRI LANKA l LUBRICANT MARKET REPORT-2018 ACTIVITIES AND PROGRESS OF THE YEAR 2018 • proposed mechanism to investigate and prose- cute adulterate lubricants, guidelines for WITH THE VIEW TO re-rening used lubricants IDENTIFY THE ISSUES IN • guidelines to be strictly followed by relevant THE SECTOR AND THE agencies such as the Import and Export Control Department, Sri Lanka Customs and market IMPROVING THE participants with regard to the importation of EXISTING REGULATORY unauthorized lubricants • also, the proposal to revise the duty structure TOOLS PUCSL DECIDED taking into consideration the local value TO CONSULT THE addition and investment by local blenders in addressing the price dierences between the STAKEHOLDERS IN imported and locally produced lubricants. EARLY 2018. 28 written comments were received based on the consultation paper and at the nal presentation, 36 ACCORDINGLY, THE representatives made oral submissions at the nal stage of the consultation held in April 2018 at Bandaranaika CONSULTATION PAPER Memorial Conference Hall in Colombo. WAS PRESENTED TO More than 300 people participated in the consultation STAKEHOLDERS FOR and public, industrialists, manufacturers, ocials and experts expressed their views on the proposed mecha- THEIR VIEWS. nisms. The summary of Comments is given in following STAKEHOLDERS WERE table. INVITED TO SUBMIT COMMENTS AND SUGGESTIONS ON; LUBRICANT MARKET REPORT-2018 l PUBLIC UTILITIES COMMISSION OF SRI LANKA l 13 PUBLIC CONSULTATION VOICE OF CONSUMERS Stakeholders at the Public Consultation on Lubricant Market held in BMICH, Colombo, 24th April 2019 Mr. Kishu Gomes, CEO,Chevron Lubricants Lanka PLC Mr. A H S Wijesinghe, Additional Secretary (Dev) Ministry of Petroelum Resources Development Ms. Chamila Weerathunghe, Chief Operations Ocer - Mr. J R C Jayathilaka, Director, Environmental Foundation Limited Department of Trade and Investment Policy 14 | PUBLIC UTILITIES COMMISSION OF SRI LANKA l LUBRICANT MARKET REPORT-2018 ISSUES IDENTIFIED AND PROPOSED REMEDIES Proposed Regulatory Issues Proposed Remedies Interventions Quality • Draft procedure for collection and • Sale of substandard • Regulate collection and disposal/ disposal of used lubricants. lubricants – lubricants recycling of used lubricants. adulterated with used • Draft procedure for recycling of used lubricants. lubricants. • Formulate mechanism for testing the quality of lubricants. • Review and update Sri Lanka Standards for lubricants. • Draft procedure for compulsory import inspection of lubricants by the Sri Lanka Standards Institute and Sri Lanka Customs Competition & Price
Load more

Recommended publications
  • Sharpening Our Focus
    LAUGFS Gas PLC Annual Report 2018 Sharpening our focus 1 Sharpening our focus LAUGFS Gas PLC is a local company with a global footprint, reputed for its bold attitude, enterprising spirit and Sri Lankan roots. In a changing business landscape, we know we must evolve and transform to suit the needs of our stakeholders and our industry environment. This report describes our decision to consolidate our portfolio into three core sectors as we list our subsidiaries LAUGFS Leisure Ltd., LAUGFS Power Ltd., and LAUGFS Eco Sri Ltd as new companies on the Colombo Stock Exchange. We believe that this strategy will yield positive results and better value for our shareholders and partners while strengthening our prospects for growth and expansion in the future. Sharpening our focus 2 Contents ABOUT US VALUE PRESERVATION 6 About Us 100 Board of Directors 8 Our Presence 104 Corporate Management 10 Organisation Structure 106 Corporate Governance 11 Awards & Recognition 116 Investment Committee Report 12 Financial Highlights 117 Management Committee Report 13 Non- Financial Highlights 118 Remuneration Committee Report 14 About the Report 119 Audit Committee Report 121 Related Party Transactions Review STRATEGIC REPORT Committee Report 16 Group Chairman’s Review 123 Annual Report of the Board of 20 Group Managing Director’s Review Directors 24 Determining Material Concerns 128 Statement of Directors’ Responsibilities 26 Stakeholder Engagement 28 Operating Environment FINANCIAL STATEMENTS 34 Risk Management 131 Independent Auditor’s Report 38 How We Create
    [Show full text]
  • It Begins with You
    IT BEGINS WITH YOU Annual Report 2019/20 Scan this QR Code with your smart device to view this Annual Report online IT BEGINS WITH YOU At LAUGFS Gas PLC, every step we’ve taken towards the future, began with the strength of your trust. For over 20 years, we have worked towards making our company a leader in the industries we operate in, with a pioneering vision and deeply-ingrained local values. This report takes a deeper look at how we have re-aligned our focus, strategies and organisational processes to be more customer-centric, thereby ushering in a new era of growth. It also details how our broad presence across the value chain provides us with significant advantages to drive forward our vision of becoming the most preferred Sri Lankan multinational, while delivering enduring value to the thousands of stakeholders we serve. At LAUGFS Gas, our inspiration to move forward begins with you, because our journey is about serving you better. 02 LAUGFS GAS PLC Annual Report 2019/20 LAUGFS Group Vision LAUGFS Group Mission LAUGFS Group Values To be the most preferred and Be the leader in the market Customer centricity trusted Sri Lankan multinational segments we operate in. that touches the day-to-day lives Integrity Introduce latest innovations, of people in Sri Lanka and beyond, technology and solutions to add through a diverse Group of Responsible corporate citizen value to the consumer. companies. Promote a ‘Safety’ culture, Innovativeness encompassing People, Products and Processes. Teamwork Ensure fair returns to all our stakeholders. Lead by example as an exemplary Sri Lankan entity.
    [Show full text]
  • Ambeon Capital Plc Annual Report 2018/19
    AMBEON CAPITAL PLC ANNUAL REPORT 2018/19 VISTAS OF OPPORTUNITY ambeoncapital.com Journeying on an entrepreneurial success story, we seek to recreate realms of success with our far-sighted strategies. Moving with agility to seize new opportunities and explore the potential in every scenario is what we stand for in our corporate persona. We believe that this will create the right mix of strengths to evolve to the next level of opportunity. Contents About This Report | 4 FINANCIAL INFORMATION Milestone | 5 Independent Auditors’ Report | 57 Ambeon Group of Companies | 6 Statement of Profit or Loss |60 Financial Highlights | 8 Statement of Comprehensive Income | 61 Chairman’s Review | 13 Statement of Financial Position | 62 Group Managing Director/ Statement of Changes in Equity | 64 Chief Executive Officer’s Review | 16 Statement of Cash Flows | 67 Board of Directors | 23 Notes to the Financial Statements | 69 Our Story of Transformation & Growth | 26 Corporate Governance | 44 SUPPLEMENTARY INFORMATION Audit Committee Report | 49 Five Year Summary of Profit or Loss |152 Report of the Remuneration Committee | 51 Investor Information | 154 Related Party Transaction Review Committee Report | 52 Notice of Meeting | 156 Annual Report of the Board of Directors on the Affairs of Notes | 157 the Company - 2018/19 | 53 Form of Proxy | Enclosed Statement of Directors’ Responsibilities | 55 Corporate Information | Inner Back Cover OUR PURPOSE To take the leap that transforms latent opportunities into lucrative ventures that deliver sustained value. Moving First OUR We take the brave steps before anyone else to catalyse opportunities with our financial prowess, market instinct and CORPORATE utmost discipline. Channeling Teamwork VALUES The power of our people is what drives transformation, we harness the collective strength of their diverse minds and competencies to do this.
    [Show full text]
  • Introductory 2019 Document
    POWER LAUGFS Power Limited www.laugfs.lk | Introductory Document 2019 INTRODUCTORY DOCUMENT 2019 Managers to the Introduction Introduction LAUGFS Power Limited Listing of 335,000,086 Ordinary Voting Shares and 52,000,000 Ordinary Non-Voting Shares of the Company To be listed on the Diri Savi Board of the Colombo Stock Exchange This Introductory Document is dated October 10, 2019 Manager to the Introduction The Colombo Stock Exchange (“CSE”) has taken reasonable care to ensure full and fair disclosure of information in this Introductory Document. However, the CSE assumes no responsibility for accuracy of the statements made, opinions expressed or reports included in this Introductory Document. Moreover, the CSE does not regulate the pricing of the Shares which is decided solely by the Company. The delivery of this Introductory Document shall not under any circumstance constitute a representation or create any implication or suggestion that there has been no material change in the affairs of the Company since the date of this Introductory Document. If you are in doubt regarding the contents of this document or if you require any clarification or advice in this regard, you should consult the Manager to the Introduction, your stockbroker, lawyer or any other professional advisor. If there are any material changes in the affairs of the Company pursuant to this Introductory Document, such material changes shall be duly disclosed by the Company. 2 2 Responsibility for the Content of the Introductory Document This Introductory Document has been
    [Show full text]
  • It Begins with You
    IT BEGINS WITH YOU Annual Report 2019/20 Scan this QR Code with your smart device to view this Annual Report online IT BEGINS WITH YOU At LAUGFS Gas PLC, every step we’ve taken towards the future, began with the strength of your trust. For over 20 years, we have worked towards making our company a leader in the industries we operate in, with a pioneering vision and deeply-ingrained local values. This report takes a deeper look at how we have re-aligned our focus, strategies and organisational processes to be more customer-centric, thereby ushering in a new era of growth. It also details how our broad presence across the value chain provides us with significant advantages to drive forward our vision of becoming the most preferred Sri Lankan multinational, while delivering enduring value to the thousands of stakeholders we serve. At LAUGFS Gas, our inspiration to move forward begins with you, because our journey is about serving you better. 02 LAUGFS GAS PLC Annual Report 2019/20 LAUGFS Group Vision LAUGFS Group Mission LAUGFS Group Values To be the most preferred and Be the leader in the market Customer centricity trusted Sri Lankan multinational segments we operate in. that touches the day-to-day lives Integrity Introduce latest innovations, of people in Sri Lanka and beyond, technology and solutions to add through a diverse Group of Responsible corporate citizen value to the consumer. companies. Promote a ‘Safety’ culture, Innovativeness encompassing People, Products and Processes. Teamwork Ensure fair returns to all our stakeholders. Lead by example as an exemplary Sri Lankan entity.
    [Show full text]
  • Energy Balance 2017 Sri Lanka
    Sri Lanka Energy Balance 2017 A n A naly sis of the E ner gy Sector P erformance Sri Lanka Energy Balance 2017 An Analysis of Energy Sector Performance Sri Lanka Sustainable Energy Authority 1st Floor, Block 5, BMICH, Bauddhaloka Mawatha, Colombo 07, Sri Lanka. Sri Lanka Energy Balance 2017 Sri Lanka Sustainable Energy Authority 1st Floor, Block 5, BMICH Bauddalokha Mawatha Colombo 07 Sri Lanka Copyright © by Sri Lanka Sustainable Energy Authority ISSN: ISSN 2386-172X All rights reserved. First Printed in Sri Lanka 1976 Energy systems are seen as slow moving systems with high inertia. Hence it is an accepted practice to forecast for long periods, quantities looked at semi-decadal intervals. In the years gone by, energy was taken as simple deterministic systems with little or no room for stochastic behavior. With the first oil crisis, which occurred in 1970’s, all these changed and the once peaceful minds of energy planners started to reverberate with probabilistic events and outcomes. That painful transition from abundant fossil fuel and unhindered nuclear era to a supply constrained chaos was somehow weathered by the energy industry. The energy transition, which is shattering the very foundations of the industry many have its origin traced to climate change catastrophe. However, we are yet to fathom this global trend and are essentially clueless on where it will take the mankind on its completion. Yet, we struggle to make out the bigger picture by piecing together little bits of it, imagining the little bits will foretell the ultimate big picture, just like a tiny element of a fractal image.
    [Show full text]
  • Celebrating 100 Years of Global Logistics and Transport
    MAY Celebrating 100 years of global logistics and transport 04 CILT Centenary Year Celebration 06 CILT International Centenary Convention 2019 Ashan Wickramasinghe 07 35th Annual General Meeting 09 Workshop on Road Safety 09 CILT Accreditation Audits at KDU 1 0 Membership Drive at EFL Logistics Campus Indeewari Chandrasekera 1 0 CILT Central Chapter Formation 1 1 PIMA/CILT Joint Event on BRI Impacts to Sri Lanka 1 2 NEXT/CILT Joint CPD Talk 1 2 KDU Logistics Day 2019 1 2 Meeting Prof. Ryoo of Korea 1 3 Oxfam “NOT ON MY BUS” Campaign Amra Zareer 1 3 Courtesy Call on the New SLPA Chairman Pasindu Pathiranage 1 3 SCSE 2019 Conference Endorsement by CILT Neethu Singh 1 3 CILT SL Secretariat Celebrates Sinhala and Tamil New Year Dushmika Senanayake Yasoda Gamage Feature Article Shakkkya Perera Manjari Nigamuni 1 4 Revolutionising Sri Lanka with LPG: A Conversation with a Truly Hashan Rahubaddha Sri Lankan Entrepreneur and Visionary - Mr. W. K. H. Wegapitiya, Chairman – LAUGFS Holdings WiLAT Anuradha Dilrukshi 1 6 Balance For Better and WiLAT 6th Year Anniversary [email protected] 1 7 WiLAT 6th Annual General Meeting YPF 1 9 YPF Explore 2 0 YPF Inspire V5 Industry Features [email protected] 2 1 LAUGFS Inaugurates LPG Transhipment Terminal 2 2 Turnaround of Fortunes for HIP 2 3 Global Maritime Industry Trends and Innovations 2 5 Breaking Glass Ceilings with Dhashma Karunaratne 2 6 Corporate Partner News: https://www.linkedin.com/in/cilt-sri-lanka-25058a126/ SAGT Hat - trick Win at Global Ports Forum Integrated Logistics Hub by LogiPark International Ltd.
    [Show full text]
  • E-Learning Most Socially Active Professionals
    Asia’s Most Socially Active Oil & Energy Professionals – September 2020 Position Company Name LinkedIN URL Location Size No. Employees on LinkedIn No. Employees Shared (Last 30 Days) % Shared (Last 30 Days) 1 CLADTEK https://www.linkedin.com/company/3022355 Singapore 501-1000 384 53 13.80% 2 Velesto Energy Berhad https://www.linkedin.com/company/14406259 Malaysia 501-1000 356 42 11.80% 3 Sterling Oil Exploration & Energy Production Co.https://www.linkedin.com/company/18214203 Limited India 10001+ 504 54 10.71% 4 Hengyuan Refining Company Berhad (formerly https://www.linkedin.com/company/13366613known as Shell Refining Company Berhad) Malaysia 501-1000 226 23 10.18% 5 Albario Engineering (Pvt) Ltd. https://www.linkedin.com/company/2461208 Pakistan 1001-5000 316 32 10.13% 6 China Energy Engineering Group Co. Ltd. https://www.linkedin.com/company/8848556 China 10001+ 292 29 9.93% 7 The Hub Power Company Limited (HUBCO) https://www.linkedin.com/company/3664042 Pakistan 501-1000 538 51 9.48% 8 Sinopec International Petroleum Service Corporationhttps://www.linkedin.com/company/9005401 China 10001+ 337 28 8.31% 9 Serba Dinamik https://www.linkedin.com/company/14635433 Malaysia 501-1000 471 37 7.86% 10 Hascol Petroleum Limited https://www.linkedin.com/company/960366 Pakistan 501-1000 523 39 7.46% 11 Sindh Engro Coal Mining Company (SECMC) https://www.linkedin.com/company/13289364 Pakistan 201-500 217 16 7.37% 12 Kuiper International https://www.linkedin.com/company/1972282 Singapore 1001-5000 339 24 7.08% 13 China Petroleum Pipeline Engineering Co.,Ltd. https://www.linkedin.com/company/13720338 China 10001+ 467 33 7.07% 14 Byco Petroleum Pakistan Limited https://www.linkedin.com/company/759751 Pakistan 1001-5000 1,052 74 7.03% 15 Oil & Gas Development Company Ltd.
    [Show full text]
  • How the US Federal Reserve Busted Sri Lanka, Asia and Latin America
    SEPTEMBER 2020 How the U.S. Federal Reserve busted Sri Lanka, Asia and Latin America Pg 14 CRASHING THE E-COMMERCE PARTY Pg 92 A GREAT SCORE SCORE Credit Scores, used widely, have the potential to transform an economy. The CRIB Score introduced SCORE by the Credit Information Bureau of Sri Lanka (CRIB) is expected to revolutionise our financial services SCORE industry Refer pg 82 to SCORE read the full story SCORE SCORE GGSSSCORE A GREAT SCORE SCORE Credit Scores, used widely, have the potential to transform an economy. The CRIB Score introduced SCORE by the Credit Information Bureau of Sri Lanka (CRIB) is expected to revolutionise our financial services SCORE industry Refer pg 82 to SCORE read the full story SCORE SCORE GGSSSCORE June 2018 Echelon.lk 3 June 2018 Echelon.lk 3 CONTENTS SEPTEMBER 2020 P.14 How the Federal Reserve busted Sri Lanka, Latin America and fed strongmen, anti-Americanism The US Fed set up dozens of central banks in Latin America and in Asia based on the thinking of Argentina central bank creator Raúl Prebisch which led to import substitution and stagnation or monetary havoc and revolution P.22 P.24 P.26 Tax net: mind the gaps Low-down on the Mattala airport buzzes lockdown after COVID -The Auditor General says the tax office has failed to collect over Rs3.3 Here’s how some listed The COVID-19 pandemic’s outbreak has trillion in default taxes and penalties, companies performed during sparked a revival in air traffic to Mattala that's nearly twice as much the tax the covid-impacted June 2020 and the airports’ authority plans to collection for 2019, and for no reason quarter and their prospects leverage that interest 04 ECHELON.LK SEPTEMBER 2020 CONTENTS SEPTEMBER 2020 P.30 Understanding ICT higher education landscape Demand for ICT jobs is not monolithic.
    [Show full text]
  • LAUGFS Gas PLC Annual Report 2012 CHOSEN
    LAUGFS Gas PLC Annual Report 2012 CHOSEN. CHOSEN. At LAUGFS, we believe that we represent the true spirit of Sri Lanka: forthright, creative and passionate. Whatever we choose to do, (and we do a lot), we think creatively, work harder and deliver more. This is how our products and services have become the preferred choice of thousands of Sri Lankans all across the island. Our customers’ loyalty is the backbone of our success because our distinctive product offering is created around their preferences. We have touched their lives in numerous ways, bringing comfort, convenience and reliability to people and communities, wherever we go. And so, we shall continue to bring the unique values of LAUGFS to every customer, shareholder, employee and business associate we partner, for many years to come. LAUGFS. Renowned. Iconic. Chosen. “At LAUGFS, we always had a burning desire to build a home-grown business that embodies a truly Sri Lankan identity. We have fulfilled that desire with a highly diversified business conglomerate in a relatively short span of time. We built it with our uncanny ability to espy opportunities, that others may not - and more importantly being able to convert such insights into new arms of its diversified interests. These endeavours will continue into the future since opportunities are limitless...” W. K. H. Wegapitiya, Chairman Vision To be the most preferred and trusted Sri Lankan Multinational that touches the day-to-day lives of people in Sri Lanka and beyond, through a diverse group of companies. Mission r 5PCFUIF-FBEFSJOUIFNBSLFUTFHNFOUTXFPQFSBUFJO
    [Show full text]
  • Directory of Members 2019-20
    THE NATIONAL CHAMBER OF COMMERCE OF SRI LANKA Directory of Members 2019-20 WWW.NATIONALCHAMBER.LK “Nation's Voice for Business” “Nation's Voice for Business” The National Chamber of Commerce of Sri Lanka Established in 1948 Incorporated in 1955 Directory of Members 2019-20 P.O. Box. 1375, #450, D.R. Wijewardena Mawatha, Colombo 10, Sri Lanka. Tel: +94 11 4741788, +94 11 2689600 Fax: +94 11 2689596 E-mail: [email protected] Web: www.nationalchamber.lk The National Chamber of Commerce of Sri Lanka Directory of Members 2019/20 CONTENTS PAGE 1. 72 Years in service Milestones and Key Achievements 03 - 06 Chamber Representations in other Organizations 07 - 08 Founder Members 09 Past Presidents/ Past Secretaries General 10 - 11 2. About the National Chamber Vision, Mission, Objectives 13 National Chamber Services 13 - 14 National Chamber Secretariat 15 - 16 National Chamber Office Bearers 2019/20 17 Council Members for the Year 2019/20 18 - 21 Chairmen of Standing Committees 2019/20 22 National Chamber Member Associations / Chambers / Councils 23 - 25 3. Member Information Member Companies / Organizations 26 - 32 Membership Company Profiles 34 - 276 Classification - Exporters / Importers / Manufacturers 278 - 295 Classification - Service Providers 297 - 303 Classification of Markets 305 - 316 Nation’s Voice for Business 2 The National Chamber of Commerce of Sri Lanka Directory of Members 2019/20 MILESTONES AND KEY ACHIEVEMENTS 1948 The chamber was established 1955 The Chamber was incorporated as a legal entity 1972 Two awards for outstanding performance in an International Trade Fair awarded by the IKOFA, Food Fair in West Germany, making us the first Chamber to have won these prestigious awards.
    [Show full text]
  • A Steady Move
    LAUGFS POWER PLC ANNUAL REPORT 2019/20 A STEADY MOVE. At LAUGFS Power, we have been on a steady journey illuminating our nation with sustainable solutions that promise a greener tomorrow. Today, we're an active provider of green energy to the national grid with the largest solar power plant and three mini hydro plants in Sri Lanka. During the year under review, we continued to make impactful investments to enhance our renewable energy operations, supporting the socioeconomic progress of the country. Moving ahead, we aim to steadily expand our footprint locally and internationally to satisfy the growing demand for energy with sustainable solutions that are better and safer for the planet. At LAUGFS Power, we’re steadily progressing towards a more sustainable future. Contents About Us / 4 Executive reviews /5 Group Chairman’s Message / 6 Group Deputy Chairman’s Message / 8 Board of Directors / 10 Corporate Management / 13 Management Discussion and Analysis / 15 Corporate Governance Check List / 20 Annual Report of the Board of Directors on the Affairs of the Company /22 Statement of Directors’ Responsibilities /25 Audit Committee Report /26 Remuneration Committee 28/ Report of the Related Party Transaction Review Committee /30 FINANCIAL STATEMENTS Independent Auditors’ Report / 33 Statement of Profit or Loss /36 Statement of Other Comprehensive Income / 37 Statement of Financial Position /38 Statement of Changes in Equity / 39 Statement of Cash Flows / 40 Notes to the Financial Statements / 41 Share Information /86 Notes / 91 Notice of Meeting 92/ Form of Proxy Voting /93 Form of Proxy Non-Voting95 Energy 44.3 GWh Capacity 24.3 MW About Us Engaged in renewable energy solutions, LAUGFS Power Revenue operates the largest solar power plant in Sri Lanka.
    [Show full text]