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Litro Gas Lanka celebrates world Lpg Day 2021endorsing the Wlpga theme of sustainable recovery

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As the world faces recovery from the devastating impact of the COVID-19 pandemic, the role of LPG as the clean, green and efficient energy has become central for economic and community recovery efforts, says the World LPG Association commemorating the World LPG Day this month.

This year, the World LPG Day is based on encouraging sustainable recovery from the pandemic – a common vision of empowering communities through LPG, a theme that has been endorsed and upheld by its members and stakeholders.

In Sri Lanka, driving the WLPGA vision is Litro Gas Lanka, Sri Lanka’s national LPG provider who looks back on a proud heritage of 150 years in LPG – having laid the pathway for the growth of LPG to become what it is today, a clean, green energy extensively used for household purposes as well as business applications.

“As a member of the world LPG body, WLPGA, Litro Gas Lanka remains firmly committed to partnering WLPGA on upholding the vision of sustainable recovery across multiple aspects of the energy sector.” Says Anil Koswatte Chairman & CEO of Litro Gas Lanka and Litro Gas Terminal Lanka.

Over the years, as LPG became firmly entrenched in the country, Litro Gas Lanka has expanded the scope of LPG as a clean and efficient energy, shaping it’s progress with new and state-of-the-art areas of usage while encouraging multiple applications.

The Company has consistently focused on delivering innovative and research based functions, with particular emphasis on encouraging small and medium scale businesses along with large industries to choose LPG as a cheaper, cleaner and a far efficient fuel.

” In Sri Lanka, the domestic usage of LPG currently stands at around 35% – there are communities that still depend on energy sources likely to cause indoor pollution, such as firewood. To encourage them to switch to LPG as a clean, green energy forms one of our key efforts.”

From having ensured that a considerable economic benefit is passed on to the consumers by sustaining prices from way back before the first lockdown came into effect, the Company has expanded the portfolio of its products, adding value and addressing changing customer specifications.

Litro Gas Lanka is also a Member of the Clean Cooking Alliance, which works with global partners towards ensuring clean cooking energy for the entire world.

Continuing with innovation based applications, the Company recently introduced a pipe borne LPG system which encourages a shift from cylinder based LPG to an on-demand system. The system is likely to set a new standard for the industry, giving customers greater leverage in choosing their LPG options.

With a 76% market share in the LPG sector and a Rs. 45 billion turnover, Litro Gas Lanka operates over 14,000 points-of-sale, 1,500 home delivery hubs and a network of 42 distributors. The Company maintains a strong market presence with their Litro Gas Home Delivery Mobile App and a dedicated 1311 customer care hotline.



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Altair on track

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Altair - the architectural marvel

`Altair’, the iconic building in Colombo – Sri Lanka is designed by Celebrity Architect Moshe Safdie based in Boston, USA. Moshe Safdie has designed many famous iconic structures including the famous Marina Bay Sands with Sky Garden in Singapore. `Altair’ is in the league of iconic buildings of the world, such as Burj Khalifa, Petronas Tower, Marina Bay Sands, Shanghai Tower, The Parc 1 Tower in Seoul – South Korea, ICC Building & Bank of China Tower in Hong Kong to name a few. 

The project `Altair’ was launched by South City Group in Colombo in the year 2013. Due to construction related complications, force majeure reasons and an unfortunate ownership related dispute, the project has been delayed. However, South City Group has expressed with much pleasure that the Group is back in the helm of the real estate project with 100% control. Most importantly, the project is progressing well and will be ready for handing over in the next few months.

The spokesperson of South City stated that that they are getting utmost support and cooperation from the Government of Sri Lanka for completing the project. President Gotabaya Rajapaksa has appointed Mr. Sirinimal Perera, the Special Authorised Officer to steer the project towards its successful completion. South City group is also receiving steadfast backing from the esteemed customers and the project is on track to deliver what it promised since inception. The rich experience of South City Management with a huge knowledge bank will be able to soon create another landmark in Sri Lanka which will be one of the top landmarks in the world.

Altair’ is an architectural marvel and consists of two vertical tower blocks, one straight tower and another stepped tower which is in slope and leaning to the straight tower. The project is in the prime area of Colombo facing Beira Lake as well as the Indian Ocean. The finishes of the project are on high calibre, with Italian marble, wooden flooring, central air-conditioning, hot water supply and super luxurious sanitary fixtures. Additionally, there is a Resident Club on the fifth level with a garden around it and on 63rd level with the swimming pool and other recreational facilities. 

The apartments have been booked by the Crème de la crème of Sri Lanka’s social fabric, HNI and a noteworthy number of overseas residents from the Sri Lankan diaspora. Notably, ‘Altair’ a is the biggest FDI investment in Colombo for real estate to date. Altair is a symbol of a successful foreign investment and a show-piece for the Sri Lankan Government to attract further investment in Sri Lanka.

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A cheering campaign to support Team Sri Lanka at TOKYO 2020

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Chethika Rajapaksha, Marketing Manager, ICL Brands, Susanthika Jayasinghe, Dushan Vas, Niloo Jayatilake, Chairperson – Women's Committee, NOCSL, Fazil Hussain, Member, Ex. Committee, NOCSL.

ICL Brands’ Eva lived up to its’ promise of ‘Leading with Confidence’ by partnering with the National Olympic Committee of Sri Lanka (NOCSL) as the Official Cheering Partner for Team Sri Lanka at TOKYO 2020, Olympics. The brand initiated a massive communication campaign, centered around the ‘Official Cheering Song’ to drive Sri Lankans to rally around Team Sri Lanka and support the 9 athletes that bear the pride of the nation at TOKYO 2020.

The launch of the ‘Official Cheering Song’ took place at the Capital Maharaja Group head office with the participation of Sri Lanka’s very own Olympic Silver Medalist, Susanthika Jaysinghe, NOCSL Women’s Committee Chairperson, Niloo Jayatilake, NOCSL’s Executive Committee Board Member, Fazil Hussain and Chethika Rajapaksha, Marketing Manager for ICL Brands. Amidst the other guests who graced the occasion were Sunil Kanojia, Group CEO – CMG, Shanthi Bhagirathan, Group Director – ICL Brands, Rakesh Khosla,CEO – ICL Brands and others.

The event was live streamed via multiple social media platforms simultaneously, reaching out to a wide audience and kicking off the cheering campaign officially. Eva’s campaign to cheer for Team Sri Lanka will continue throughout the period of TOKYO 2020 Olympics on multiple media platforms.

Susanthika Jayasinghe who graced the occasion as chief guest praised the initiative ”’I am extremely happy to see the brands of highest caliber such as Eva coming forward to support Sri Lankan athletes at Olympics. As an athlete who has represented and won for Sri Lanka on the Olympic stage, I know how much this means to our athletes in Tokyo right now”.

 

 

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Sri Lanka Development Bonds auction held during July 20-27, 2021

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Date of settlement July 30, 2021

An issuance window for SLDBs will be opened with the announcement of the auction results until close of business of day prior to settlement (i.e., preferably by 3.00 pm on 29.07.2021) at the Weighted Average Fixed Rates determined for respective maturities at the auction, up to the limit specified for possible upsizing, at first come first served basis. Applications for subscription through the issuance window are to be forwarded to ‘fopdd@cbsl.lk’ within the stipulated time period.

Public Debt Department

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