Category: General Services
Ceylon Cold Stores net up 26-pct in December quarter
Jan 30, 2017 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores rose 26 percent to 823 million rupees in the December 2016 quarter from a year earlier. Ceylon Cold Stores is a top producer of carbonated drinks, ice creams and has a retail chain. The firm reported earnings of 8. 67 rupees per share […]
Sri Lanka ratifies the ILO Maritime Labour Convention
Jan 16, 2016 (LBO) – Sri Lanka recently deposited the instrument of ratification with the International Labour Office (ILO) of the Maritime Labour Convention, 2006 (MLC, 2006), a statement said. The island is the 81st ILO member State and the 16th Asian State to have ratified the Convention and the MLC, 2006 will enter into force […]
Govt approves water and wastewater investments for Colombo
Jan 05, 2017 (LBO) – Sri Lanka’s cabinet has given the nod for a greater Colombo water and wastewater management improvement investment programme, a statement said. A contract of construction of underground reservoir in Gothatuwa with a capacity of 15000 m3, Gothatuwa pumping station and booster pump station and supply and laying of 1200 mm DI […]
Sri Lanka tile importers commend support from budget
Dec 05, 2016 (LBO) – Sri Lanka’s Tiles and Sanitary Ware Importers Association (TSIA) have welcomed the support of Budget 2017 for maintaining the reduction on import tariffs on tiles and sanitary ware. “Tiles and sanitary ware today, has become a commodity that has defined itself as a basic need. These entities are no longer […]
Western Province interconnected roads to be upgraded
Nov 23, 2016 (LBO) – Sri Lanka’s cabinet has approved a proposal to improve 26 damaged interconnected roads in the Western Province. The project will cover a total length of 30 km in Colombo, Moratuwa, Mahara and Avissawella areas by laying carpet at an estimated cost of 208.5 million rupees through the Provincial Road Development […]
Korea Eximbank to establish two vocational training institutes
Nov 23, 2016 (LBO) – The Export-Import Bank of Korea (Korea Eximbank) will support establishing two vocational training institutes in Sri Lanka, namely, Vocational Training Centre in Colombo Central and College of Technology in Gampaha. “As Sri Lanka aspires to become an upper middle-income country, it will need to bridge the gap between the industry […]
Sri Lanka Water Board may incur Rs9bn loss in 2017
Nov 17, 2016 (LBO) –Sri Lanka’s state-owned water supplier has warned that it may suffer from a loss of 9 billion rupees next year if the proposed tariff increase was not granted. Water Supply Minister Rauff Hakeem told reporters in Colombo that the Sri Lanka Water Board is not currently a loss making institution. “But […]
Sri Lanka’s e-commerce industry poised to take off: JLL
Nov 15, 2016 (LBO) – Sri Lanka’s online retail industry growing fast due to lack of physical infrastructure like shops and malls, Jones Lang LaSalle, SriLanka said. “Not only do things look good for physical retail in the country but also for online retail,” Gagan Singh, chairperson, JLL, SriLanka said in a statement. “Unlike other countries […]
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 […]