Coming Through

April 20, 2007 (LBO) – George Steuart and Company has started a school for Chartered Institute of Management Accountants(CIMA) students to meet growing demand for professionals with the qualification. The CIMA council says that Sri Lanka is in need of more CIMA qualified professionals to satisfy the rising demand. The demand for CIMA qualifiers is […]

Sri Lanka fridge maker ramps up production with electricity use spreading

April 16, 2007 (LBO) – Regnis, a Sri Lankan refrigerator maker, has ramped up production to be among the ten largest plants in South Asia as more households sign up for electricity usage, the company told shareholders.“We have done everything possible to stabilize our business operations after the said detection and we regret this unfortunate […]

Country Focus

April 16, 2007 (LBO) – Sri Lanka tourism, tea, food, export products and culture would be on show in Los Angeles next month, the country’s consulate general’s office in the city said. A ˜Cooking with Tea™ demonstration by celebrity chef Robert Wemischner, a pottery wheel demonstration and a tea queen beauty pageant would be part […]

Talk Only

NEW DELHI, April 5, 2007 (AFP) – Conflict-ridden South Asian nations made little headway in fighting terrorism or boosting trade at a summit this week despite repeated calls for action, analysts said Thursday. The eight-nation South Asian Association for Regional Cooperation (SSARC) ended a two-day summit Wednesday with a declaration that underscored an “urgent need” […]

Trade Trigger

April 4, 2007 (LBO) – A proposed free-trade deal between Nepal and Sri Lanka could boost trade but analysts say there is more potential for service liberalization. Trade between the two countries is slim at the moment at just 371 million rupees in Sri Lankan exports last year and seven million rupees in imports, compared […]

Carbon Lag

March 27, 2007 (LBO) – Sri Lanka is still far behind neighbouring countries in carbon trading which has the potential to earn much foreign exchange, experts said. The island can plant indigenous forests and develop alternatives to carbon emitting energy sources to do carbon trading which is still not being used to its fullest extent, […]

Mutual Respect

March 24, 2007 (LBO) – Sri Lanka and India are to sign ‘Mutual Recognition Agreements’, making it easier for professionals to cross borders when a new services trade agreement takes effect this year. India is the island’s third largest export market, with just under two billion dollars in bilateral trade. India is also the island’s […]

Beyond Accounting

March 23, 2007 (LBO) – Though larger businesses in Sri Lanka are engaging in sustainability reporting, smaller firms are still lagging behind, organizers of a competition said. The ACCA expect the number of competitors to increase in the coming years. The Association of Chartered Certified Accountants (ACCA) says the top 100 companies in Sri Lanka […]

New Complex

Mar 21, 2007 (LBO) – Sri Lanka’s Ceylino group plans to set a shopping and apartment complex in the heart of Colombo, following Board of Investment approval. . The complex that is to be built in Nawala, will be a joint venture between Ceylinco Seylan Development Limited and Ceylinco Investment and Realty Limited, the group […]

Powder Keg

March 20, 2007 (LBO) – Sri Lanka is bracing for a steep rise in milk powder prices, with a drought in Australia pushing international dairy product prices to unprecedented highs. Meanwhile Kotmale says it expects to keep prices below multinational brands by running a lean operation, while prices of its other dairy products made with […]

Aspiration Gap

March 19, 2007 (LBO) – Lining up for ˜good™ jobs coupled with limited access to quality education and training have upped levels of unemployment among Sri Lanka™s youth, a new World Bank study shows. The study shows that youth with GCE Ordinary Level and GCE Advanced Level education are the most unemployed, compared to other […]

No Skin

March 14, 2007 (AFP) – Sri Lanka banned on Wednesday the use of naked or semi-naked models in advertising, saying it was seeking to protect those offended by public nudity.The Ministry of Cultural Affairs announced the ban through notices in Sinhalese-language newspapers, warning advertisers against the use of unclothed males or females. The ministry statement […]

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