Category: General Services

Feb 16, 2008 (LBO) – Sri Lanka’s State Engineering Corporation (SEC) has clinched a deal to build a $125mn luxury housing project in Qatar, construction minister Rajitha Senaratne said. . SEC will send 1,600 workers to Qatar to build the 345 urban villas and also ship locally made inputs like wall and floor tiles, electrical […]

Feb 15, 2008 (LBO) – Sri Lanka’s rating outlook has been lowered to ‘negative’ by Standard and Poor’s (S&P) who warned that the underlying B+ rating rating could also be downgraded if budgets worsened. The rating agency said short term foreign borrowing was rising and an “apparent” fall in national debt was largely coming from […]

Feb 12, 2008 (LBO) – JNW news, Sri Lanka’s pioneer news provider on mobile networks, has launched a news website using Sinhala Unicode characters, an official said. “We wanted to do Unicode because that is the future of Sinhala on the web,” JNW chief Chamath Ariyadasa said. “Advantages like easily transferring the content to other […]

Feb 07, 2008 (LBO) — Sri Lanka’s Aitken Spence, a top leisure group that also runs resorts in the Maldives and India, said it had inked a deal to operate four hotels of Oman Hotels and Tourism Company (OHTC). . Al Falaj and Ruwi Hotels in Muscat, Al Wadi in Sohar and Sur Plaza in […]

Feb 06, 2008 (LBO) – Sri Lanka’s Chartered Institute of Management Accountants (CIMA) has been awarded Superbrand status which will serve as a benchmark for other business-to-business services to reach for, branding officials said. “It is an indication that the brand has achieved a unique status in the country,” said Sharmila Cassim director marketing of […]

Feb 06, 2008 (LBO) – Sri Lanka’s John Keells Hotels suffered a loss of 91 million rupees in the December quarter compared with a profit of 79 million rupees in the same period of last year. The John Keells Hotels PLC share traded flat at 6.75 rupees Wednesday. Revenue for the quarter rose 20 percent […]

Feb 05, 2008 (LBO) – The International Organisation for Migration (IOM) and Sri Lanka’s Department of Census and Statistics (DCS) have opened a National Centre for Migration Statistics in Colombo. . “As a country with high outward migration, Sri Lanka needs reliable statistics on migration patterns and flows to formulate effective migration policies,” said IOM […]

Sri Lanka should ensure that growth in exports last year spread its benefits wider to reduce poverty and unemployment, a senior minister said as inflation hit a new high in the island. The government’s export policy has been remarkably successful in the past year with an across-the-board development of exports by 15 percent, minister of […]

Feb 03, 2008 (LBO) – An explosion inside a zoological garden in a southern suburb of the Sri Lanka capital Colombo has injured four, the military said, a day after a bus bombing killed 20 civilians in the central province of the island. Sri Lanka pulled out of a ceasefire with the Tamil Tigers, who […]

Feb 03, 2008 (LBO) – A blast ripped through Sri Lanka’s main railway station in the capital Colombo, the military said, within hours of an explosion in the main zoo which injured seven. For the latest on this story go to www.lbo.lk front page or click here for updates . . The security media centre […]

Feb 03, 2008 (LBO) – An explosion at the main railway station in Sri Lanka’s capital Colombo has killed five people and injured more than 80 police said, hours after a grenade inside a zoo injured seven. The security media centre of the defence ministry said the explosion occurred at 2.05 pm. Military spokesman Brigadier […]

Feb 03, 2008 (LBO) – Sri Lanka’s independent English weeklies have slammed decades of mismanagement as a war-ravaged island wracked by inflation and corruption prepares to mark 60 years of freedom from British rule on February 04.“What we are now confronted with is a nation in peril, at the mercy of foreign aid donors dictating […]