Category: General Services

Treasury officials are looking at merging the present Skills Development Fund Ltd with the upcoming Human Resource Endowment Fund that is to be set up next year.The Skills Development was set up over two years ago, as a pilot project to provide human resource training for employers.rn rnIncorporated as a public limited liability company in […]

Following in the footsteps of international corporate giants, local companies have begun using venture capital for outsourcing research and development.A top venture capitalist says at least one Sri Lankan conglomerate has started funding start-ups in the hope that they will develop a useful product that can be commercially exploited later.rn rnLarge conglomerates have a higher […]

Targeted at both local and expatriate Sri Lankans, the online shop will host a range of merchandise including seasonal favourites like greeting cards, decorations, Christmas hampers, food and music. rn rnHSBCs secure payment gateway has been signed to handle the online transactions and delivered through Federal Express. rn rnDelivery to anywhere within Colombo will be […]

Households in Sri Lanka can leap-frog into the Internet age with a no-fuss, purse-easy Internet TV facility to be launched in Sri Lanka this week.The facility is launched by Lanka eCom Technologies (LET), a member of the Ceylinco Consolidated Group.rn rnThe unit comprises an easy-to-install Set-top-box and remote keyboard that can convert any colour television […]

State welfare schemes will get a face-lift from mid next year with the enforcement of a new Welfare Benefits Law.The new law attempts to better target deserving recipients by setting up one agency to coordinate all welfare spending. Government says better targeting will help cut welfare spending by half. Earlier benefit schemes like food stamps, […]

Professor Rohan Samarajiva addressing the fifth LBR LBO CEO forum said the regulator to be manned by professionals would eventually look at other areas like roads as well.rn rnRegulators are not always independent. An expert in regulation in the telecom sector told the LBR/LBO CEO forum that government needed to separate its role as shareholder […]

SLIM Brand Awards organizers say the event has helped re-enforce the value of brands in the minds of local corporate leaders.Traditional accounting procedures do not really capture the value of intangibles, though such assets may be more important for modern companies than more easily measured ones.rn rnldblquote The vision behind Brand Excellence is to motivate […]

A November Initial Public Offering will see medical services giant Apollo Hospitals list on the main board of the Colombo Stock Exchange.Underwriters and managers to the issue, Hatton National Bank Limited (HNB) told Lanka Business Online that the Apollo IPO would open on November 8, with the listing scheduled for November 20.rn rnThe IPO will […]

In the spirit of competition, a subsidiary under the State Trading Corporation will commence parallel imports of popular medication – an attempt by the Commerce and Consumer Affairs Ministry to lower the cost of drugs.The STC Medical Ltd., already incorporated, will commence operations later this year, STC senior officials say.rn rnMinistry officials hope the exercise […]

Most of the successful companies, which have developed global brands have come from the US, and Europe where there is a bigger emphasis on talent and intellectual assets.rn rnThe Developing World has very few brands, which go global compared to countries like America and Japan. Being competitive in the local market and creating something of […]

Haycarb, an industrial waste management company, is saving millions in electricity bills every year. The company is a world leader in the activated carbon business.Small carbon pellets produced by Haycarb are used as a purifier of gas and water. Its also in high demand in the mining industry. But activated carbon is a messy industry. […]

The islands top brands will be recognized in the first ever brand awards by the Institute of Marketing.Organizers say the exercise could be an initial step towards including brand valuations in the balance sheets of companies. rn rnThe Awards will recognize top product and service brands. There are also awards for the most Innovative brand, […]