Green Revolution

August 17, 2007 (LBO) – Rice farmers in India™s West Bengal made history when they successfully traded carbon credits for cash – with lessons for Sri Lanka taking its first tentative steps in carbon finance. About 33 Indian rice mill owners banded together and agreed to switch from polluting diesel oil they used in their […]

Hospital Play

August 17, 2007 (LBO) – Asha Central Hospitals said Friday several parties were negotiating to buy the controlling stake of the firm after its share price more than doubled to 80 rupees over the week. The firm later bought the property in Norris Canal Road with borrowed funds. More than 80 percent of the company […]

Four Ps

August 14, 2007 (LBO) – Marketing qualifications such as those offered by the Chartered Institute of Marketing offer good opportunities for job seekers in an expanding economy like Sri Lanka, a senior marketer said. Shiraz Latiff, chairman of the Chartered Institute of Marketing Sri Lanka Region, said that with only limited opportunities available to enter […]

Loss Leaders

August 08, 2007 (LBO) – Sri Lanka’s Cargills Food City supermarket chain has announced a month of discounts on a range of consumer goods, including milk powder which has risen sharply in recent days. “What we do is that we compromise our margins to give the best deals for our customers. The company said it […]

Going Global

Aug 08, 2007 (LBO) – Sri Lanka’s Triad advertising has got affiliated to thenetworkone, a global network of specialist agencies, with the aim of giving overseas exposure to Sri Lankan brands. “We felt there was a need to have an international platform and that was the only way we could go forward and give our […]

Number Crunchers

August 3, 2007 (LBO) – Amba Research, a fast growing investment research outsourcing (IRO) firm, has become the top employer of a UK professional accounting body in Sri Lanka, the company said. The firm has expanded its office space by occupying another floor in Colombo’s World Trade Centre building. The expansion came with a round […]

No Hassle

August 1, 2007 (LBO) – Sri Lanka’s Union Assurance made it easier to claim motor accident insurance in the highly competitive industry by allowing policy holders to drive off without waiting for assessors to arrive for inspections. A few years ago another insurer transformed the industry by doing away with the requirement for a police […]

Economic Parley

July 31, 2007 (LBO) – The annual sessions of the Sri Lanka Economic Association (SLEA) will look at regional inequalities, employment and social safety nets, health education and infrastructure, its organizers said. “The slow growth of the economy, inequity of income distribution is a major cause of this poverty”, SLEA President A Indraratne said. The […]

Carbon Footprints

July 30, 2007 (LBO) – Global warming is increasingly being recognized as a threat around the world, but the business of carbon trading to reduce global warming could prove a blessing for developing countries. But it is by no means easy money. Developed countries are seen as the main culprits of global warming due to […]

Fashion Tips

July 29, 2007 (LBO) – Popular actress Sangeetha Weeraratne and hairstylist and choreographer Lou Ching Wong are teaming up to give a leg up to wannabe’s waiting to step onto the catwalk. Wong says the school hopes to affiliate with Singaporean grooming schools next year to provide internationally recognized certification that will help students pursue […]

Flu Scare

July 28, 2007 (AFP) – Sri Lanka on Saturday banned imports of live birds and chickens from India following an outbreak of bird flu in the neighbouring country, an official said. “Sri Lanka has banned imports with immediate effect, after we received reports of an outbreak of bird flu in Manipur, India,” said D.D. Wanasinghe, […]

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