Category: General Services

Sept 26, 2007 (LBO) – A new Sri Lankan apartment developer says there is unmet demand in niche markets, though high interest rates from an expanding budget deficit have started to affect the overall property market. “There is a demand for quality apartments. One should stick to niche markets,” Gishanka De Silva, director DGS Holdings […]

Sept 25, 2007 (LBO) – The deadline for the repatriation of Sri Lankans working illegally in Oman without being fined ends on September 30, the Foreign Affairs Ministry said Tuesday. It said in a statement that relatives of workers in Oman without valid visas have been asked to inform their family members without delay of […]

Sept 18, 2007 (LBO) – India’s Competition Commission is moving against an alliance of shipping lines which control most of the cargo shipped from south Asia, including Sri Lanka, to Europe but which shippers have accused of acting like a cartel. The India-Pakistan-Bangladesh-Ceylon Conference (IPBCC), one of the oldest shipping conferences in the world, controls […]

Sept 16, 2007 (LBO) – Sri Lanka’s newest hospital firm, a part of the Hemas group, is raising capital via a private placement, with their first hospital on track to be opened next year. Hemas Holdings Ltd is one of Sri Lanka’s top conglomerates with a focus on five key sectors – FMCG, Healthcare, Transportation, […]

Sept 15, 2007 (LBO) – India’s envoy in Sri Lanka urged the island’s business community to overcome reluctance to open the services sector in trade talks between the two countries, especially the movement of people. . India’s economic growth was accelerating faster than had been forecast, creating skills shortages that Sri Lankan companies were well […]

Sept 11, 2007 (LBO) – Diversified company Ceylinco Sri Lanka opened its health centre, equipped with Sri Lanka’s first linear accelerator to deliver modulated radiation therapy for cancer patients, Tuesday. “Each year, around 11,000 patients are identified having cancer in Sri Lanka. At least half of the number needs radiation therapy,” Dr Sarath Abeyakoon, medical […]

Sept 09, 2007 (LBO) – Trade analysts say that Sri Lanka should make the most of existing trade deals like the Bay of Bengal Initiative before negotiating more bilateral and multilateral agreements. Japan has played a big role in enhancing Sri Lanka™s infrastructure and is a major investment partner in the services sector. Sri Lanka […]

Sept 07, 2007 (LBO) – Sri Lanka’s Hayleys conglomerate is setting up its own freight forwarding operation under a new brand name in India after parting company with its joint venture Indian partner, company officials said. “We’re doing it on our own without any partnership,” an official said. “We’re setting up a new operation – […]

Sept 04, 2007 (LBO) – Cement manufacturer Holcim™s Sri Lanka unit Monday announced that it had begun receiving entries for the company’s second sustainable construction awards competition in which the top prize is 100,000 US dollars. Entries in the competition, designed to promote environmentally friendly construction, can be submitted until February 2008, Edward Schwarz, general […]

Sept 04, 2007 (LBO) – A Norwegian firm said it has been sub-contracted for two-dimensional seismic surveys of the seabed off Sri Lanka, as the island forges ahead to claim an extended continental shelf under international law. It is listed on the Oslo Stock Exchange. SCAN Geophysical Monday announced that the company has been awarded […]

Sept 04, 2007 (LBO) – Sri Lankan companies have invested millions of dollars to develop modern warehousing for tea sold at the Colombo auction, the world’s biggest, slashing lead times to hours or even minutes, an industry official said. They provide real time cataloguing and computerised systems that enable quick transfer of goods from producer […]

Sept 03, 2007 (LBO) – No decision has yet been made to close the UK visa office in Colombo, though a review is underway, the British High Commission in Colombo said Monday. Press reports had said the visa office may be closed and moved to India. “There is an ongoing review into British visa services […]