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Litro Gas awarded sls covid-19 compliant safety credentials



Standing (L-R) – Pushpakumara Edirisinghe, Director Operations – Litro Gas Terminal Lanka (PVT) Limited, Jayantha Basnayake, Director Health, Safety & Environment – Litro Gas Lanka Ltd, Anil Koswatte, chairman & CEO – Litro Gas Lanka Ltd and Litro Gas Terminal Lanka (PVT) Limited, Dr. (Mrs.) Siddhika G.Senaratne, Director General – Sri Lanka Standards Institution, Samanthi Narangoda , Actg. Deputy Director General – Sri Lanka Standards Institution, Rajika Jayawardena, Assistant Director Systems Certification – Sri Lanka Standards Institution

Litro Gas Lanka Ltd and Litro Gas Terminal Lanka (Pvt) Ltd rendered an exceptional level of service to its customers across Sri Lanka during the COVID-19 induced lockdown.

Going over and beyond the normal call of duty, Litro Gas rose admirably to a challenging task of providing a seamless service delivery to Sri Lankan households; an efficient LPG domestic gas supply irrespective of curfews imposed and other lockdown measures, was thus maintained by Litro Gas throughout the period.

In recognition of its outstanding safety levels, Litro Gas has been awarded the SLS 1672 : 2020 certification by the Sri Lanka Standards Institution (SLSI) which is given for being compliant with the SLS COVID-19 safety management systems requirements for organizations.

“This is indeed a milestone for us as the only state owned institution to be awarded such esteemed standards by SLSI,” says Mr. Anil Koswatte, Chairman & CEO, Litro Gas Lanka Ltd & Litro Gas Terminal Lanka (Pvt) Limited, “This not only reinforces our safety standards but also endorses the highest levels of quality that we maintain in our safety methodologies.”

Litro Gas remains firmly committed to global standards and safety procedures that are considered mandatory for the energy sector. From its state-of-the-art storage facility at Kerawalapitiya and its Hambantota Terminal to its network of 36 distributors, 1,500 home delivery hubs and 10,000 point of sale locations, Litro Gas manages a strongly customer centric operation that is based on the highest safety protocols.

“The measures undertaken by the organization during the COVID-19 pandemic as safety criteria were on par with the World Health Organization (WHO) accredited systems of safety. Litro Gas has always considered safety to be a key priority for all aspects of the Company’s operations.”

“The benefit of observing SLS mandated COVID-19 safety protocols is an advantage for the customers who can be assured of the safety standards we observe.”

Litro Gas has a firm foothold on the Sri Lankan energy sector as a key player in terms of market share and revenue generated. With over Rs 45 billion in revenue, Litro Gas is cited as a role model of a vibrant Public-Private Partnership that places it in a unique slot among state owned institutions.

“The COVID-19 pandemic was not just a challenge to meet our customer needs in real time but also one that tested our strength to overcome the hurdles such an unexpected outcome brings. It rallied our strong team together, enabling each one to optimize performance and deliver the level of service customers expected from us – for us, it was not just an obligation but a national endeavor that brought us closer to our customers.”

In order to permit consistent deliveries during the COVID-19 pandemic, Litro Gas introduced a hotline (1311) for consumers to find the closest Litro Gas dealer who could deliver even during curfew hours. Going one step further, Litro Gas has also launched a home delivery mobile app that ensures a swift and convenient delivery to the customers’ doorstep, enabled through a widespread network of dealers throughout the country.

Emerging from the pandemic into the post-COVID-19 era which still calls for vigilance and health guidelines to be adhered to, Litro Gas believes that the SLSI standards being awarded for COVID-19 compliance safety systems reiterates its strong commitment to global safety and health standards.

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Unlimited music streaming platform in Sri Lanka



SLT-Mobitel, the nation’s ICT and Telecommunications Service Provider recently partnered with Spotify, to mark their launch in Sri Lanka. Spotify is a paid premium music streaming app which allows subscribers to listen to music to their hearts content. Both, SLT-Mobitel Post-Paid and Pre-Paid customers will now be able to enjoy Spotify by activating a monthly recurring subscription or one-time subscription plan and access unlimited music streaming and downloading facilities.

The subscription charges will get added to the user’s customary billing, where payment will be deducted in real time. Starting from the payment date, the user will be able to access Spotify and download their favourite songs, for the next 30 days. Users who sign up for their first monthly subscription will receive an additional one month, courtesy of Spotify. The one-month subscription plan is not applicable with one-time subscription plans. SLT-Mobitel data rates, depending on the user’s respective broadband charges, will apply.

Spotify also has some exciting features that will provide SLT-Mobitel customers with the opportunity to listen to ad-free music, access millions of uninterrupted music under one platform, play any song they like, anywhere they go, and also be able to enjoy their music offline.

SLT-Mobitel customers can select their preferred premium package under four categories; Individual, Duo, Family, Student. Each category has recurring and non-recurring plans. After one month of free streaming, the package will activate once the offer period terminates. While both, the Individual and Student premiums are limited to one account user, the Duo package offers two accounts and the Family premium is accessible through six accounts. To view Spotify plans, users can log on to



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Sri Lanka using ‘sovereign power’ over economy: CB Governor



by Sanath Nanayakkare

Anyone conversant with the elements of a political economy would know that Sri Lanka is using its ‘sovereign power’ to manage the different dynamics of the economy in a sustainable manner, Professor W. D Lakshman Governor of the Central Bank said on Wednesday.

“Some critics are saying that we adopt a so-called modern monetary theory. That’s not the case. In fact, Sri Lanka is using its sovereign power in a number of economic aspects to honour its external debt repayment commitments as well as to reduce its debt burden in the medium term as well as achieve resilient growth in the medium to long term, he said.

“We make policy decisions to boost our gross foreign reserves, meet our external debt servicing, to facilitate monetary expansion, to boost our GDP growth, to strengthen our current account balance and manage our domestic and external economic variables in a sustainable manner. This is not a modern monetary theory. This is an age-old tool used by central banks around the world when the circumstances demand it, he said.

“Certain trade-offs will be necessary when dealing with an economy which has a big fiscal gap to bridge. There are efforts to push Sri Lanka towards the IMF again which would in turn have influence on our policymaking. We have taken policy measures to stabilize the economy and we have adequate reserve levels to meet our debt repayments. Meanwhile, we are in negotiations with overseas central banks and multilateral agencies to further boost our reserve level and it would materialise within a matter of weeks,” he noted.

“One of the tools the Central Bank has introduced is in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lankan rupees in order to strengthen the foreign exchange situation of the country,” he said.

The Governor made these remarks while delivering the keynote speech at a webinar organised by the Veemansa Initiative led by its Managing Director Luxman Siriwardene – the former Executive Director of Pathfinder Foundation.

The webinar revolved round the topic ‘External debt situation in Sri Lanka: Are we heading for a resolution or crisis?’

Professor Sirimal Abeyratne, Prof. Sumanasiri Liyanage, Dr. Nishan de Mel and Dr. Ravi Liyanage were the other speakers on the panel.

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CSE on the rebound; indices close positive



By Hiran H.Senewiratne 

CSE produced signs of a rebound yesterday with both indices closing positive, though turnover remained low. Central Bank Governor W.D Lakshman’s recent statement on managing foreign reserves gave some boost to the market yesterday, stock market analysts said.

 The index experienced a zigzag movement within the early hours of trading; thereafter, it recorded a slight up-trend as it reached its intraday high of 7,439. Later, the market witnessed a down-trend at mid-day, followed by a sideways movement and closed at 7,372, gaining 43 points during the month of February, market sources said. 

It is said the banking sector dominated turnover with a contribution of considerable  parcel trades in Sampath Bank, Commercial Bank  and HNB.

Further, the Commercial Bank’s impressive quarterly results during the recent turbulent period also built investor  confidence. Commercial Bank was able to register a18 percent net interest income when other banks were reporting a decline. Its share price increased by Rs. 3 or 3.5 percent. On the previous day, its shares started trading at Rs. 85 and at the end of the day they moved up to Rs. 88. Due to the positive growth results, the bank announced a Rs. 4.40 dividend per share, plus a Rs. 2 script divergent for every share.

Further,  Sampath Bank shares also appreciated in both crossing and retail. In crossings its shares appreciated by Rs. 1.At the end of the day they moved up to Rs. 154.50. In the retail market, its shares moved up by Rs. 2 or 1.3 percent. Previously, its shares fetched Rs. 154 and at the end of yesterday they moved up to Rs. 156.  

Amid those developments, both indices moved upwards. The All Share Price Index went up by 104.48 points and S and P SL20 rose by 67.78 points. Turnover stood at Rs. 3 billion with four crossings. Those crossings were reported in Sampath Bank, where 3.9 million shares crossed for Rs. 602.2 million, its share price being Rs. 154.50, HNB 375,000 shares crossed for Rs. 39.4 million, its shares traded at Rs. 105, Pan Asia Power 9.5 million shares crossed for Rs. 33.2 million, its shares traded at Rs. 3.50 and Access Engineering 1.2 million shares crossed for Rs. 28.2 million; its shares traded at Rs. 24.

In the retail market top five companies that mainly contributed to the turnover were, Expolanka Rs. 450 million (10 million shares traded), JKH Rs. 205 million (1.3 million shares traded), Browns Investments Rs. 199 million (34.9 million shares traded), Sampath Bank Rs. 191 million (1.2 million shares traded) and Dipped Products Rs. 137.7 million (2.8 million shares traded). During the day 101 million share volumes changed hands in 18046 transactions. 

During the day, Expolanka, the biggest contributor to the turnover, saw its share price appreciating by Rs. 6.20 or 15 percent. Its share price quoted on the previous day was Rs. 41 and at the end of trading yesterday it moved up to Rs. 47.

Sri Lanka’s rupee quoted wider at 193.50/195.50 levels to the US dollar in the spot next market on Thursday while bond yields remained unchanged, dealers said. The rupee last closed in the spot market at 194.50/195.00 to the dollar on Wednesday.

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