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Ocean Lanka felicitates long serving employees at Loyalty Awards 2016

Ocean Lanka recently held its 10th annual ‘Loyalty Awards 2016’ awards ceremony to felicitate employees who had completed 10 years of service at the company. This colourful and vibrant event was held at the Grand Monarch in Thalawathugoda at which 63 employees received awards and mementoes from the management in appreciation of their loyalty to the company.These long serving employees were treated to some mouthwatering delights,scintillating musical performances and had a night full of fun and laughter with the whole family.

Sri Lanka to regulate lubricants, bitumen through PUCSL

2016-08-24 lankabusinessonline
Aug 24, 2016 (LBO) –Sri Lanka’s cabinet has approved appointment of the Public Utilities Commission as the regulator of the lubricant industry and bitumen trade so as to increase competition in the industry in line with the 2016 budget proposals.

Chevron plans to expand local and regional presence

2016-05-04 lankabusinessonline
May 04, 2016 (LBO) – Chevron Lubricants Lanka said that they have no immediate plans to go to new markets but will focus on growing local and regional presence, a senior official said.

Lube market at risk of fragmenting due to lax regulation

Sri Lanka’s overcrowded lubricant industry is facing the risk of further fragmentation due to the government’s proposal to open up the market and remove lubricants from the Board of Investment (BoI) negative list, according to an industry operator.