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Litro Gas receives ISO 45001: 2018 for Occupational Health and Safety

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Litro Gas has always been conscious of their national responsibility as the country’s industry leader in the LPG sector. For the company, safety and health are key elements that are prioritized across its multi-channel operation. This gives further impetus to its unique positioning as a state owned entity which has strong partnership with the private sector channel partners.

In recognition of its outstanding commitment to occupational health & safety, Litro Gas was recently awarded ISO 45001: 2018 by the International Organization for Standardization of Geneva, Switzerland. This affirms compliance with the globally ratified occupational health and safety management systems recognized as the industry standard worldwide.

In 2018, Litro Gas was awarded the ISO 14001 and OHSAS 18001 certification for its effective Health, Safety and Environment (HSE) management system.

“Safety forms the cornerstone of our entire operation”, says Anil Koswatte, Chairman and CEO of Litro Gas Lanka Ltd. and Litro Gas Terminal Lanka (Pvt) Ltd. “We uphold the highest quality standards across all our systems which is paramount to what we do. Safety in fact forms the very core of our operations, ensuring a seamless delivery of quality to our consumers.”

Litro Gas believes that their newest standards affirmation reinforces the Company’s consistent processes of ensuring industry specific and globally accepted Health, Safety and Environment (HSE) management systems that assure the safety of its employees, customers and the entire community.

“We have in place a world-class risk assessment control system that assures the safeguarding of our people, the environment, our assets and the interests of our stakeholders. With ISO 45001:2018, we have enhanced this process, adding more value to our business”, he adds.

Commenting on the award, Mr. Jayantha Basnayake, Director – Health, Safety & Environment at Litro Gas says that this recognition reiterates the safety protocols deployed by the Company in meeting the highest possible safety and health standards. “Operating as we do in the energy sector, safety and health are considered key elements. The LPG industry is based on observing multi standard procedures that are implemented under stringent guidelines set by global and local LPG industry standards and practices and governing laws.”

Having been recently feted with the SLS 1672:2020 COVID-19 safety compliant standards by the Sri Lanka Standards Institution, Litro Gas upholds the unique level of service delivered seamlessly to customers through the pandemic, says Basnayake. “We understand the importance of managing our operations to meet the highest possible standards while ensuring a sustainable presence within the wider social and environmental context. The Company constantly focuses on continually training all the channel members, bulk and commercial customers on LPG related safety rules, regulations and processes”, he adds.

In recognition of its exceptional commitment towards maintaining optimum health, safety and environment systems, Litro Gas became the first Company in the Oil and Gas sector to be feted with the All island Overall Excellence Bronze Award at the National Occupational Safety and Health Excellence Awards, 2018.

Litro Gas operates one of Asia’s leading and most efficient LPG storage facilities at Kerawalapitiya and Hambantota. An island-wide network of 37 distributors, approximately 1,500 home delivery hubs and 11,000 points-of-sale locations power the Company’s reach throughout the country.

Litro Gas leads the LPG market in Sri Lanka with a 75% market share and a turnover of Rs. 45 billion. The majority of shares in Litro Gas are owned by the General Treasury through the Sri Lanka Insurance Corporation, yet Litro Gas is managed as a unique corporate enterprise, making the Company an exceptional entity in the business world.

The Company views the ISO certification as a key component in their drive towards creating greater significance and sustainability. “Sustainability is a crucial factor that drives every aspect of our operation – it adds value to our supply chain, our stakeholders, our employees, our key stakeholders and the community at large.” Basnayake says in conclusion.



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Seylan Bank takes the lead to promote LANKA QR beyond Western Province

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Seylan Bank, the Bank with a Heart, organized the ‘Seylan Pay QR Carnival’ in Kurunegala to promote the LANKAQR programme introduced by the Central Bank of Sri Lanka (CBSL) to strengthen digital transactions in Sri Lanka. The special programme, focusing on encouraging local merchants and SMEs to join the national QR transaction system, took place at the Vehera Sports Ground in Kurunegala recently. Officials from the Central bank of Sri Lanka, the Lanka QR Committee and partner banks were present at the event.

Organised as the 14th leg of the LankaQR national rollout campaign, the Seylan Pay QR Carnival set a firm footprint with the highest number of merchants at the event. Seylan Bank alone on boarded over 100 merchants for the SeylanPay payment solutions from the Kurunegala area. Over a thousand customers walked in during the event which benefitted many merchants accepting LankaQR, to process transactions on the day and generate great traction in the district since then.

As the key feature of the event, Seylan Bank educated their customers on the use of the Bank’s QR payment system, the SeylanPay Mobile App, and assisted customers in making payments to merchants. Over 50 stalls selling clothes and accessories, gift items, food, sweets, electronics and electrical equipment, plants, beauty care, cosmetic items and automobile parts were set up for the benefit of consumers, with attractive added discounts for customers using QR payment systems to purchase items, thereby encouraging and familiarizing the use of it among them. This marked a record high number of merchants participating among many LankaQR nationwide rollout campaigns that were organised to date. A Seylan Bank Mobile ATM was deployed at the premises, ensuring that customers had easy access to carry out cash withdrawals if required and check their account balances at any given time. In addition, a special fun zone was set up for children at the event premises, whilst a musical evening entertained the adults present at the Seylan Pay QR Carnival.

“Seylan Bank’s commitment to develop the banking and finance network together with the industry led to us hosting the 14th leg of the Lanka QR national rollout campaign. We also realize the potential this system brings to the SME sector in the country, in terms of transaction efficiency and savings. As a bank that has continued to support SMEs in the country in a wide spectrum, the alliance with Lanka QR helps in developing the entire transaction ecosystem of the country,” commented Chaminda Senewiratne, Head of Digital Banking Channels, Seylan Bank.

The Central Bank of Sri Lanka introduced the LANKAQR service in October 2020 with the aim of moving towards a cash-less society while increasing financial inclusion in Sri Lanka, and was supported in this endeavour by Banks, licensed financial institutions and Lanka Clear (Pvt.) Ltd. It has already stood out as an attractive option with notable benefits for small and medium enterprises.

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Stylish Garments unveils its latest export-oriented BOI factory in Ambalangoda 

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With the Board of Investment (BOI) widening its projects, Stylish Garments (Pvt) Ltd, unveiled its sixth BOI approved factory in Ambalangoda which manufactures children’s wear, jerseys including school uniforms exclusively targeting the international market. The Stylish Garments is a renowned a garment manufacturer and exporter of jersey knit and lighter woven apparel products.

The latest project, which is a USD 3.5 million investment, is to generate 500 employment opportunities for people living in the south and other parts of the country. Moreover, the products are slated to be exported to the UK and Europe. The agreement in this regard was signed recently at the BOI Head Office in the presence of BOI Director General Renuka M Weerakone.

The Director General said “A project of this nature should be recognized owing to the fact that it depicts the vibrant and vivid expansion of BOI projects, which has now started to reach the rural areas, The new venture will uplift the livelihood of the people living in the Ambalangoda area plus become a crucial source of bringing dollars to the country in a situation where the country isin dire need of dollars,” she underscored.

Founder and incumbent Chairman of the Stylish Garments (Pvt) Ltd Leelaratne Hattanarachchi said,” we were determined to launch the project irrespective of current challenges because such new projects would bring dollars to the country. That’s the very reason why I ventured to start operations at this new factory by turning the advantage of this crisis to ourselves. At the same time, we do appreciate the support rendered by the BOI at this critical juncture and look forward their support in future too.”

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Browns Investments solar power plant deal dominates CSE trading

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By Hiran H. Senewiratne

CSE’s leading listed company, Browns Investments, disposed of 50.1 per cent of its stake in Sagasolar Power Power (Private) Limited to another leading company, Aitken Spence Pvt. Ltd. yesterday, market sources said.

The total value of the company was Rs 1.4 billion and under this deal Browns Investments sold the stake for Rs 700 million. The capacity of the solar power plant is 10 megawatts, stock market analysts said.

Sagasolar Power built the solar PV facility on 45 acres (18.2 ha) of land within a dedicated energy development area in Baruthankanda, Hambantota district, Southern province. The country’s previous largest solar plant is a 1.3-MW facility also located in Hambantota.

Amid those developments, the trading activities in the stock market turned negative due to macro and micro economic uncertainties. Accordingly, stocks slipped over 1 per cent at mid-day trade yesterday for the third consecutive day, market analysis said.

The All- Share Price Index fell by 121 points and S and P SL20 went down by 50.8 points. Turnover stood at Rs 982 million without any crossings. Top seven companies that that contributed to the turnover were, Lanka IOC Rs 274 million (3.5 million shares traded), Expolanka Holdings Rs 185 million (1.2 million shares traded), JKH Rs 77 million (626,000 shares traded), LOLC Finance Rs 59.8 million (9.9 million shares traded), Browns Investments Rs 58.9 million (8.9 million shares traded), LOLC Holdings Rs 32.6 million (89,000 shares traded) and Commercial Bank Rs 15.4 million (309,000 shares traded). During the day 51.5 million share volumes changed hands in 14000 share transactions.

Yesterday the Central Bank announced US dollar buying rate was Rs 356.04 and the selling price Rs 367.33.

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