Category: General Services

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 […]

Ceylinco Homes International, which managed to sell its Hyde Park Apartment complex in record speed plans to add another landmark to the Colombo skyline.The company plans to put up another luxury apartment block down Galle Road. rn rnThe new venture will be one of the largest, undertaken by the company. rn rnldblquote We are planning […]

The National Chamber of Commerce is organizing an infrastructure trade fair in September, which it hopes will help in the formulation of government policy.INTRAD 2003 hope to attract top government investment and infrastructure agencies and companies in infrastructure development.rn rnThe Chamber says the exhibition will offer a great platform for policy makers and donors to […]

The construction professionals are calling for a national policy to guide the industry and ensure its sustainability.The Chamber of Construction Industry on Thursday said ad hoc and outdated policies were hampering growth and wasting scares natural and human resources.rn rnPresident of the Chamber Surath Wickramasinghe said clear state policies on resource (like rive sand) use […]

DHL Keells Ltd says it has pumped in Rs. 20 mn to revamp its Gateway Operations Centre.Situated at its bonded warehouse in Ja-Ela, the high-tech operation offers close circuit TV cameras, new conveyor systems, computers and a new volumetric measuring device, the firm said in a release.

Nivasiepura, one of the large suburban housing developments in the country, has announced the launch of a new two-storey semi-luxury model to its range in a major enhancement of options to customers.The new model home branded Swan comprises three bedrooms, two bathrooms, living and dining areas, TV lounge, pantry, maids room and toilet, a spacious […]

Companies that are looking closely at employee welfare are also keen to provide a safe working environment.Organisers of the National Safety Awards say spending on safety is not just an expense but an investment that can bring high returns.rn rnOrganizers of the annual event say the number of entrants is growing each year.rn rnThe closing […]

The government has formed a new company to manage fee and fund-based activities of state corporations including the Mahapola Trust Fund.National Wealth Corporation will be a 100 percent government owned entity, but staffed by top private sector professionals, Commerce & Consumer Affairs Minister, Ravi Karunanayake told LBO on Friday.rn rnldblquote With interest rates coming down […]

Colombos only entertainment complex is heading for a wet look, as its new owners make Rs. 1.5 billion investment plans for its future.Apparel giant Excel Global Holdings paid Rs. 100 mn to Link Holdings Limited and the Union Bank for full control of Millennium Park this week.rn rnUnder a first phase development plan, Excel will […]

A World Bank project to revamp tertiary education, pegging university funding to performance for the first time, will be rolled out by May this year.The US$ 43 mn project funded by the World Bank will see the project through its implementation, spread over a five-year period.rn rnSignificant is that universities are now being held up […]