Category: General Services

State side educationalists could soon receive tuition from private sector firms on what the industry needs from the university system. rnThe project builds on the success of a private sector driven mentoring effort for university students, helping them acclimatise to the sector. rn rnThe initiative will expose state side educationalists to the culture, workings and […]

Ceylon Hospitals Ltd., the owning company of Durdans Hospitals, plans to use some of its IPO proceeds to expand its satellite labs.The hospital is raising Rs. 240 mn this month to retire some debt, add another 27 beds and put in new state-of-the-art equipment.rn rnThe hospital is offering 4.5 mn voting shares at Rs. 25 […]

Kicking of January 2004, state sector employment policies will be rewritten to drill in productivity and efficiency. The US$ 3 million World Bank funded Public Administrative Management Programme(PAMP) will install a set of new processes, procedures and mechanisms that will govern all subsequent recruitments, transfers, promotions and employment terms and conditions.rn rnThe Ministry of Public […]

Ceylon Hospitals Ltd., the owning company of Durdans Hospitals, got stock exchange approval Thursday to raise Rs. 240 mn through an initial public offering.The hospital is offering 4.5 mn voting shares at Rs. 25 and 6.375 mn non-voting shares at Rs. 20 each to the public this month.rn rnListed on the main board, Durdans will […]

This year 78 companies are taking part in the National Safety Awards. Not all of them win awards. But organizers say by merely taking part these companies create a safer working place for their employees.rn rnAuditors from the National Safety Awards have already started grilling short listed applicants.rn rnCeylon Cold Stores is one of the […]

The Janashakthi Group expanded its property portfolio on Monday by taking full control of Kelsey Holdings (Pvt) Ltd.The deal, which cost just under Rs. 50 mn by way of debt/equity, saw Kelsey Holdings management and Ayojana Fund Management sell out to Janashakthi Securities & Financial Services Ltd.rn rnKelsey Holdings currently controls 87.82 percent of Kelsey […]

The long established company plans to raise Rs. 300 mn through the Initial Public Offering sometime in November.rn rnShares will be offered at Rs. 20 each, which includes a 10-rupee premium.rn rnThe company says the shares will be listed on the Colombo Stock Exchange, approval for which will be sought soon.rn rnPrivate healthcare ventures including […]

George OMarie, the first local designer label will hit shops around the world early next year.Backed by a top garment exporter Readywear Industries, the brand is expected to tap the upper and middle end of the apparel market.rn rnIts promoters however say the brand will be price competitive, compared to some of their more established […]

Following industry feedback, Development Lotteries Board (DLB) will launch two more draw based tickets to fill its current lquote off days – Mondays and Wednesdays.rnDLB officials say the two new draw based lotteries is expected to increase ticket sales by one million tickets per day and help bolster revenues to over Rs. 4.5 billion by […]

Colombos underutilised canal system is getting fresh life, with the private sector called in to develop four of the citys waterways.rnrnThe sites include the canal on Nawala Road near the Open University and the Wellawatte Canal accessible from Highlevel Road. rn rnThe Land Reclamation and Development Corp., on Wednesday said it is offering the sites […]

Durdans Hospitals is planning to go public next month.The hospital started in 1945, as one of the first private healthcare ventures in the island, will seek to raise Rs.240 mn through the IPO.rn rnThe money will go towards adding more floor space and upgrading equipment at the hospital.rn rnThe shares will be issued at a […]

Distressed depositors of the failed Pramuka Savings & Development Bank say that they are complaining to Courts that the Central Bank is not properly carrying out judicial orders.Pramuka Bank has failed to attract serious investor interest, after Central Banks deadline lapsed on Wednesday.rn rnOn Friday, depositors wrote to the Monetary Board complaining that they had […]