Building Muscle

Sri Lanka’s diversified John Keells Holdings Ltd.will push ahead with planned investments in leisure and property this year, but the group’s financial outlook may be impacted by progress in the country’s peace process, the company’s head of corporate finance and strategy said. Sri Lanka’s diversified John Keells Holdings Ltd. will push ahead with planned investments […]

In the Dark

Sri Lanka has been slow to track illegal migration, though the island remains a hotbed for human trafficking, the Foreign Employment Bureau said.Sri Lanka has been slow to track illegal migration, though the island remains a hotbed for human trafficking, the Foreign Employment Bureau said. “Under the Foreign Employment Act anyone migrating to work, must […]

Gas Alert

Jan. 16 (LBO) — Domestic gas supplier Laugfs says it will consider restricting imports, if global prices cross the US$ 600 mark in February and the government forbids a price increase, a top official said Monday.Jan. 16 (LBO) — Domestic gas supplier Laugfs says it will consider restricting imports, if global prices cross the US$ […]

Fringe Benefits

Sri Lanka’s Foreign Employment Bureau say its will set up a migrant pension scheme by April 2006. Sri Lanka’s Foreign Employment Bureau say its will set up a migrant pension scheme by April 2006. “The migrant pension scheme will be finalised in three months time,” said Chairman, Foreign Employment Bureau, Jagath Wellawatta in an interview […]

Quick Solutions

Chennai, Jan 8 (PTI) Tamil Nadu Chief Minister Jayalalithaa today demanded taking of Kachatheevu island in the gulf of Mannar on perpetual lease to put an end to the problem of Sri Lankan Navy attacking Indian fishermen.Chennai, Jan 8 (PTI) Tamil Nadu Chief Minister Jayalalithaa today demanded taking of Kachatheevu island in the gulf of […]

Peace Times

WASHINGTON, Jan 6, 2006 (AFP) – Sri Lanka’s Foreign Minister Mangala Samaraweera said Thursday that his government did not want a war with the Tamil Tigers and appealed to the rebels to be flexible, return to the negotiating table and jointly strengthen a Norwegian-backed ceasefire.WASHINGTON, Jan 6, 2006 (AFP) – Sri Lanka’s Foreign Minister Mangala […]

Banking on CEPA

Sri Lankan banks considering collective entry into the Indian financial sector, using the Indo-Lanka CEPA.Sri Lankan banks considering collective entry into the Indian financial sector, using the Indo-Lanka CEPA. “The banks feel the most advantageous way of penetrating the Indian market is by forming a conglomerate of the top four private banks,” said Upali de […]

Under fire

Reporters Without Borders has charged the Maldivian government of repeatedly manipulating Interpol after ten Sri Lankan police officers raided the Colombo premises of an exile radio station and website, radio Minivan and Minivannews.com, on 28 December. Reporters Without Borders has charged the Maldivian government of repeatedly manipulating Interpol after ten Sri Lankan police officers raided […]

Big Boys BPO

Sri Lankan conglomerate John Keells Holdings is planning a US$ 22 million 1000 seat business process outsourcing facility in Delhi, India by April. Sri Lankan conglomerate John Keells Holdings is planning a US$ 22 million 1000 seat business process outsourcing facility in Delhi, India by April. Keells head of IT Services Ronnie Peiris on Wednesday […]

Brand Builders

The Starcom Mediavest Group, claimed to be the world’s largest media agency network will setup shop in Sri Lanka to help fuel brand power of local companies’.The Starcom Mediavest Group, claimed to be the world’s largest media agency network will setup shop in Sri Lanka to help fuel brand power of local companies’. The Starcom […]

Plot Thickens

The Maharajah Group, owners of television stations MTV and Sirasa, claim there have been no police investigations into an alleged plot to murder its Group Chairman.The Maharajah Group, owners of television stations MTV and Sirasa, claim there have been no police investigations into an alleged plot to murder its Group Chairman. The private group owns […]

Baby Boom

More resources needed to cope with increasing birth rates among tsunami victims in Sri Lanka’s East coast, says UNICEF.More resources needed to cope with increasing birth rates among tsunami victims in Sri Lanka’s East coast, says UNICEF. Families in the East coast that lost their children to the tsunami in December last year, are trying […]

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