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LAUGFS Lubricants establishes its presence in Bangladesh

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LAUGFS Lubricants, a fully owned subsidiary of LAUGFS Holdings and Sri Lanka’s home-grown leading lubrication solution provider, recently ventured into international, expanding its presence to markets in Bangladesh. First introduced in the Sri Lankan market in 2008, LAUGFS Lubricants has grown exponentially offering lubricant solutions for every class of motor vehicles and industrial applications. As the only Sri Lankan company with its own lubricant blending license, LAUGFS Lubricants is recognised as a trusted and leading premium quality lubricant provider, dominating its presence in both the local and multinational landscape.

Commenting on this, LAUGFS Lubricants Director/CEO, Dr. Niroshan J. Peiris, said “Our expansion into global markets such as Bangladesh is a significant milestone in our journey as a home-grown brand, reiterating our commitment towards creating value for all our stakeholders. At LAUGFS Lubricants, we have been able to steer forth to achieve our goals despite the prevailing challenging macroeconomic conditions, and this is a result of the dedication put forth by our team of energetic and innovative professionals who are passionate towards delivering our promise to our partners. This is a proud moment for our company and a big step in our global expansion drive, and we will continue to innovate and provide world class lubricants to all our consumers”.

LAUGFS Lubricants combines global cutting edge technology and local expertise through conducting extensive research and development to manufacture lubricants that suit the tropical climate experienced in Sri Lanka and the rest of the South Asian region. The company holds ‘Original Equipment Manufacturer (OEM) approvals for Volvo, Renault and Porsche vehicles, and is the only Sri Lankan lubricant manufacturer to hold licenses from the American Petroleum Institute, defining global industry standards for motor oils.

The LAUGFS Lubricants Testing laboratory is the first petroleum laboratory in Sri Lanka to receive the ISO/IEC 17025:2017 accreditation under the scope of oil and lubricants, marking a monumental achievement. This certification demonstrates the technical competency and accuracy of test results of the products manufactured by the company. By maintaining stringent quality control processes to ensure superior quality products, LAUGFS Lubricants is recognised as a trusted brand in the hearts of Sri Lankans, resonating with the company’s values to operate with high stakeholder value creation.

LAUGFS Holdings Limited is one of the largest diversified business conglomerates and a trusted and well-loved home-grown business in Sri Lanka. Founded in 1995, LAUGFS today has expanded across 20 industries in Sri Lanka and overseas, establishing a strong presence as a leader and pioneer in the power and energy, retail, industrial, services, leisure, and logistics sectors.



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Business

SL High Commission in London hosts business promotion dialogue

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Sujeeva Nivunhella reporting from London

In a bid to support Sri Lankan small and medium-sized enterprise (SME) entrepreneurs in the UK, the High Commission of Sri Lanka in London, in collaboration with NLC Consultants-UK, hosted the inaugural Sri Lanka Business Promotion Dialogue recently.

The event, designed to assist startup businesses led by Lankan entrepreneurs, aimed to foster business growth, enhance international market access for Sri Lankan-origin products in the UK, and expand employment opportunities for Lankans living in Britain.

Delivering the opening remarks at the dialogue, Minister (Commercial) of the High Commission Somasena Mahadiulwewa emphasized the significance of the event series. He underscored the initiative’s long-term goal of establishing a dedicated SME Entrepreneurs’ Hub at the High Commission, in line with the vision of the new Sri Lankan government and guidance from the country’s Foreign Affairs and other relevant ministries.

As part of the event’s knowledge-sharing sessions, Ranganath Abeykoonge, a Chartered Accountant and Managing Director of Sonic Builders in London, shared insights on his journey to business success. Drawing from his experiences, including working at major UK companies like TK Maxx, Abeykoonge encouraged young Lankan entrepreneurs to capitalize on business opportunities in the UK while also creating jobs for their fellow nationals.

Thilak Dharmarathne, a past member of the Sri Lanka AAT Council and Director of NLC Consultants-UK, delivered an address highlighting strategies for business growth and market penetration.

A panel discussion, chaired by Mahadiulwewa, addressed key concerns faced by Lankan business owners in the UK. Panellists included Nayana Kularathne, a Chartered Accountant, who provided guidance on tax and accounting matters; Heshan Mathugamage, a Sri Lankan lawyer and Director of NLC Consultants-UK, who addressed company startup queries; Mohamed Sameen, a UK solicitor, who covered legal business processes; and Kosala Perera, an HR consultant, who discussed employment policies in the UK.

Mahadiulwewa also shared details of the UK’s Developing Countries Trading Scheme (DCTS), a duty-free opportunity announced by UK authorities in June 2023, which Sri Lankan exporters can leverage to access the UK market. Additionally, he outlined regulations concerning product labeling, food, and other product standards, offering valuable insights to aspiring exporters.

During the Q&A session, Mahadiulwewa presented a list of existing and potential export items from Sri Lanka to the UK, along with investment and tourism opportunities available in Sri Lanka.

The interactive event saw participation from 30 Lankan entrepreneurs, with discussions conducted in Sinhala, Tamil, and English. The next Sri Lanka Business Promotion Dialogue is scheduled to take place in Manchester in April 2025, promising to extend support to more Lankan entrepreneurs across the UK.

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Tourism Malaysia launches sales mission to strengthen ties with Lankan market

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Tourism Malaysia is excited to announce the launch of its Sales Mission in Colombo, aimed at revitalizing its presence and strengthening its relationship with the Sri Lankan tourism market. This initiative follows a remarkable 122% increase in Sri Lankan tourists to Malaysia, with 58,015 visitors in 2024 compared to just 26,058 in 2019, prior to the pandemic.

The mission emphasizes Malaysia’s potential as a key travel destination for Sri Lankans, highlighted by 30 weekly flights from Colombo, offering a seat capacity of 4,990. Hishamuddin Mustafa, Director of Tourism Malaysia Chennai (South India & Sri Lanka), stated, “We are here to reconnect with local industry players, express our gratitude for their support, and explore new opportunities for collaboration. The participation of 45 Malaysian sellers in this mission further demonstrates our commitment to strengthening Malaysia’s presence in the Sri Lankan market.”

With Visit Malaysia Year 2026 on the horizon, the goal is to attract 100,000 Sri Lankan travelers.

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Platform Daddy wins Best Strategic Digital Marketing Brand of the Year Award

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D. M. Nirmal Danansooriya (CEO) receiving the award

Platform Daddy Pvt. Ltd has been awarded as the Best Strategic Digital Marketing Brand of the Year at the Pinnacle Sri Lanka Awards 2024. The award ceremony was held at Taj Samudra Hotel in Colombo, and company’s Chief Executive Officer, Nirmal Danansooriya received the award from former Speaker of Parliament, Sri Lankabhimanya, Karu Jayasuriya.

Beyond business, Platform Daddy remains committed to social impact. The Platform Buddy Foundation provides care, shelter, and medical support for street dogs, while the Platform Tree Foundation focuses on urban greening and environmental sustainability, with 5% of company earnings dedicated to these causes. The company has previously been honoured at several local and international award ceremonies such as the Asia Miracle Awards, the Iconic Awards, and the People’s Excellency Awards, said a release.

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