Category: General Services

Lack of funding could kill the rubber industrys research arm warns the Rubber Research Institute. RRI officials estimate that over Rs.23 million is urgently needed to upgrade the age old equipment and to improve other sections at the Institute. rn rnOfficials say without the new equipment, the RRI is unable to develop new research to […]

The Ceylon Chamber will mobilise private sector support for the states “Regaining Sri Lanka” initiative though its annual convention, which hopes to take the theme to its next level.The Chamber says local businesses are being risk averse and holding back on their capabilities until a permanent peace was established.rn rnOrganisers say to encourage the private […]

Singapores Shing Kwan Group, Overseas Realty Ceylons key shareholders, on Friday signed up to develop the former Wellawatte Spinning Mills site.In a statement, Overseas Realty said they would invest Rs. 150 mn through a joint venture company with the Bank of Ceylon to develop the property.rn rnShing Kwan Investment (Singapore) Ltd. (Overseas Realtys investment holding […]

The Asian Development Bank is helping Sri Lanka to reduce the mismatch between worker skills and labour market demands, through a US$ 600,000 technical assistance (TA) grant to prepare a human resources investment project.The grant is from the Japan Special Fund, financed by the Government of Japan.rn rnThe TA will study the technical education and […]

The Alumni of a top business school is looking for a parliamentary nod to setup a professional body of managers with its own code of ethics.The self-financed Postgraduate Institute of Management (PIM) will be drafting a code of ethics based on good corporate governance for its MBA holders.rn rnIf incorporated the PIM Professionals Association will […]

Signalling an economic revival, the Registrar of Companies reports a 35 percent growth in new companies registrations from Jan-June 2003.Of the 1778 new registrations, 1632 are private firms, 41 public, 30 guarantee, 53 associations and 8 peoples companies.rn rnThere were also 12 new foreign companies and one offshore company that sought registrations during the period, […]

Thirteen acres of prime land on which a spinning mill was earlier located will be developed in to a residential and recreational center under a joint venture between the Urban Development Authority (UDA) and the Bank of Ceylon. The site formerly occupied by the Wellawatte Spinning Mills in Colombo 6 will be developed soon as […]

The Government has approached the United Nations in Geneva for US$ 27.5 mn rnin short term relief to rebuild houses and infrastructure damaged in recent floods.rn rnA full scale flood damage assessment is currently underway by the Asian Development Bank (ADB), Minister Karu Jayasuriya said Thursday. rn rnldblquote We have already Rs. 100 mn in […]

A blueprint for a proposed social security net for retrenched workers has got the Treasury go-ahead, with the changes to be gazetted in two weeks.rn ldblquote The treasury has approved the proposal we put forward and we hope to reach a final decision in two weeks, before we can officially announce it dblquote , Labour […]

An ADB sponsored project will roll out a series of distance education tele-centers countrywide, so students left out of the state system can get those degrees online.rnrn The Asian Development Bank (ADB) today, approved a US$ 45 mn loan for a lquote Distance Education Modernization Project, to increase access to distance and on-line learning.rn rnThe […]

The World Bank, Tuesday, approved a US$ 40.3 mn credit line to re-structure Sri Lankas tertiary education sector.rn The no-interest credit line from the International Development Association (IDA) will be spread over 40 years with a ten-year grace period. rn rnThe government will fund the balance project cost of US$ 10.7 mn.rn rnThe project to […]

Lankas top accounting body is giving its membership tips on how to add value to its products and services at its annual forum next week.The Chartered Institute of Management Sri Lanka Division will focus on ldblquote Repositioning Sri Lanka Globally dblquote at its annual conference from May 29-30.rn rnldblquote We selected four topics on how […]