Category: General Services

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 […]

Developers of a new apartment complex say the demand for housing is on the rise with the upturn in the economy.Finance & Guarantee Property Developers say the large number of Sri Lankans returning to the island and the peace process is contributing to the growth in demand.rn rnldblquote Next five to ten years there is […]

Sri Lankas top accounting body gave its budding accountants some tips on how to market themselves in a changing working place.rnAptly titled ldblquote Managing The Rollercoaster, dblquote an engineer, a marketer and three accountants gave a ringside view and tips on how to survive the corporate world of tomorrow.rn rnBank of Ceylons Chairperson, Sumi Moonesinghe […]

The World Bank has decided to lend US$ 60 mn towards revamping university education and creating jobs for unemployed graduates.Around US$ 50 mn will be channelled on restructuring university curriculum to gear it towards more market base courses.The balance funds will be lent to the government sponsored, but private sector run graduate unemployment programme endash […]

An International Labour Organisation study has found the Tharuna Aruna scheme for unemployed graduates highly dysfunctional and run like a Rotary Club.Around Rs. 165 mn has gone into the scheme, but only 600 graduates have found permanent work over a five-year period, notes ESP Consult, the authors of the report on behalf of the ILO. […]

A Hayleys tie up with India based TAKE Solutions is building on the need of large companies to cut cost and streamline processes. MPower will leverage this urgent need of the corporate and manufacturing sector to sturdy up, to offer tailor made supply chain management (SCM) solutions to the range of manufacturing and services firms […]

New subjects are making their way into CIMA Sri Lankas curriculum, including fashion tips, social dancing and opportunities for networking. All the new subjects will however be limited to members signing up with the CIMA Business Club launched Tuesday.rn rnThe Club and its website (www.cimabusinessclub.com) is expected to provide passed finalists an opportunity to interact […]

Bluechip firms are top contenders for a stake in the Sri Lankan lquote sweep industry and are among 30 parties who have taken bid documents, their ticket to battle for the management of offline lotteries of the National Lotteries Board.The Public Enterprises Reform Commission (PERC) in the spirit of the past holidays has extended a […]

The National Lotteries Board, in its 40th year hopes to promote responsible spending and restrictions selling and employing children under 16. On Tuesday the National Lotteries Board (NLB), the dominant player, announce a series of self regulation measures and sales strategies aimed at propping up its annual earnings to Rs.6.2 billion at the end of […]

The John Keells Groups IT training arm has put together Global Executive Programme for the working professionals who are aspiring to reach great heights in their careers. The John Keells Global Executive Program or JKGEP, is a two-year programme in Information Technology, allows participants to obtain the BTEC HND in Computing which leads to the […]