Category: General Services
Ceylon Chamber concerned over pharma product pricing
Nov 07, 2016 (LBO) – The Ceylon Chamber of Commerce has expressed concerns about fixed prices on medicinal drugs announced by Government Gazette. “Sri Lanka has a strong and accessible public healthcare system, complemented by a quality private healthcare system that is catering to evolving needs of the Sri Lankan people,” the business chamber said […]
‘s kidney disease prone areas
Nov 03, 2016 (LBO) – Sri Lanka has entered into a agreement with the Asian Development Bank to obtain 60 million dollars to implement clean drinking water facilities in the island’s chronic kidney disease prone areas, Wednesday. The project called the PuraNeguma – Local Government Enhancement Sector Project, will be utilized for the implementation of […]
New pension scheme for Sri Lankan migrant workers
Nov 02, 2016 (LBO) – Sri Lanka’s government will implement a new pension scheme for migrant workers with effect from January next year, a cabinet decision showed. The cabinet has decided to withdraw 2 billion rupees from the Kuwait Fund of Sri Lanka Bureau of Foreign Employment as the initial capital requirement for the scheme. […]
Sri Lanka to provide adjustment package for FTA trade disruption
Oct 13, 2016 (LBO) – Sri Lanka will introduce a trade adjustment package for local industrialists in order to face possible trade disruptions that may occur during the initial stages of upcoming free trade agreements, a senior minister said. International Trade Minister Malik Samarawickrama said they are negotiating new FTAs with an open mind but […]
Sri Lanka to limit water supply, Colombo consumption up
Oct 10, 2016 (LBO) – Sri Lanka’s Water Supply and Drainage Board has decided to limit its pump water supply in the island due to the prevailing drought condition amid increased consumption. K Alahudeen Ansar, chairman of the board, told LBO that water consumption in the Colombo District alone has increased by about 15 percent […]
‘s Elephant House pours soft drinks into Europe
Oct 07, 2016 (LBO) – Sri Lanka’s iconic Elephant House has signed up with a UK-based bottling facility for the production of 1.5 litre PET plastic variants of its much-loved Necto, Cream Soda and Orange Barley beverages. With a view to increase exports into the European market, this bottling deal immediately targets expansion into key […]
UNDP signs Rs20 mln biogas agreement with Kaduwela MC
Oct 04, 2016 (LBO) – The United Nation Development Programme (UNDP) entered into its first government co-financed project with the Kaduwela Municipal Council to effectively manage solid waste in the area to generate bio gas energy. “The 20 million rupees agreement signed today between UNDP and the Kaduwela Municipal Council will scale-up this initiative to […]
Sri Lanka’s CEB proposes tariff increase or subsidy to cover revenue gap
Oct 03, 2016 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has proposed that the power regulator approves a uniform tariff or a subsidy through the budget to ensure financial viability of the sector. In a letter to the Public Utilities Commission, the CEB said that in August, PUCSL requested an End User Tariff proposal […]
Summit: Office space in Colombo to quadruple with Port City
Sept 21, 2016 (LBO) – Sri Lanka’s capital Colombo office space will quadruple after the completion of the ongoing Port City development project, a Port City official said. Chief Marketing Officer of CHEC Port City Colombo, Liang Thow Ming, said the existing office space inside Colombo city is around 220,000 square meters. He was speaking […]
Sri Lanka introduces contributory pension scheme for artists
Sept 15, 2016 (LBO) – Sri Lanka’s government has allocated 15 million rupees to form a contributory pension scheme for 327 artists, as an initial phase of the programme. Citizens between the age of 23 and 55 who satisfy the eligibility criteria as artists will be given priority, a cabinet decision said. The cabinet has […]
Kotagala Plantations to subdivide shares after Rs800mn rights issue
Sept 13, 2016 (LBO) – Sri Lanka’s Kotagala Plantations is to raise 800 million rupees by way of a rights issue, subjected to exchange approval, the company said in a stock exchange filing. The company is to issue and list 80 million new ordinary shares at 10 rupees each in the ratio of two new […]
Sri Lanka minimum wage for migrant workers to increase to USD300
Sept 06, 2016 (LBO) – Sri Lanka’s Foreign Employment Bureau is to increase the minimum wage of migrant workers to 300 US dollars per month from January 2017. Foreign Employment Minister Thalatha Athukorala told a meeting that the ministry is currently holding discussions with several countries to raise the minimum wage. “We have already signed […]