Medical Moves

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, […]

Open Call

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 […]

Cancer Therapy

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 […]

Home Truths

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 […]

Freight Brand

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 – […]

Green Buildings

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 […]

Submarine Map

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 […]

Cash Cycle

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 […]

Not Yet

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 […]

Ouch!

Aug 27, 2007 (AFP) – A colony of wasps attacked over 250 tourists on Monday at a fifth-century rock fortress in Sri Lanka causing a stampede, police said. At least 85 people were hospitalised while others were given first aid following the incident at the foot of the 180-metre (600-foot) fortress of Sigiriya. The Sigiriya […]

Holy Film

MUMBAI, Aug 27, 2007 (AFP) – An historical epic is to be filmed about the life and teachings of the Gautama Buddha, the founder of Buddhism, a South Asian production team said Monday. “The message of the movie gives answers to global crises of conflict and environmental problems,” Navin Gooneratne, the chairman of the Light […]

Guiding Hand

August 21, 2007 Sri Lanka should guide youth to build skills and be more responsive by better awareness of demand conditions, organizers of a national exhibition aimed at matching skills with market needs have said.“We have to create a climate of lifelong learning and provide credible guidance.” “There is a greater responsibility cast on all […]

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