Category: General Services

S M Tennakoon, a senior public official has been appointed as Chairman to the new Welfare Benefits Board.Tennakoon functioned as the Government Agent in Matale and Kandy Districts and served later as Secretary to the Ministry of Mahaweli Development. rn rnThe Finance Ministry says Tennakoon will also function as the Boards Commissioner.rn rnOther Board members […]

Fraud, mismanagement and a lack of funds is driving the Fisheries Harbour Corporation to the brink of extinction. rnrnThe Corporations financial statements for 2002 reveal that it is struggling to generate even up to 50 percent of its recurrent expenditure from its operations. rn rnIn addition, gross misappropriation of funds, other irregularities in its accounts […]

Jayaratne VIP Services (Private) Limited this week launched its upmarket service with a two-page colour advertisement announcing the “prestigious” send-off with pomp and pageantry.rn rnThe dead would be driven in one of the worlds safest cars, a brand-new Volvo, while the bereaved can ride in a smaller Volvo S-80. rn rnThe custom-built black Volvo hearse, […]

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 […]

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 […]

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 […]

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 […]