World Bank to give USD50mn for early childhood development in Sri Lanka

Jun 25, 2015 (LBO) – The World Bank said it has approved a 50 million US dollar credit to improve the quality and increase access to Early Childhood Development (ECD) services in Sri Lanka. “Early investment in human capital development is particularly effective at increasing the ability of disadvantaged children to access learning opportunities,” a […]

Sri Lanka postal service records Rs3bn loss last year

June 25, 2015 (LBO) – Sri Lanka’s government owned postal service has recorded 2,984 million rupees of loss in 2014 following a salary hike, Postal Services Ministry data showed. The income for the year 2014 was 6,557 million rupees, an 11 percent increase against the previous year mainly due to the increase of stamp income […]

Sri Lanka’s Hayleys and UNDP to promote seaweed farming in North

Jun 19, 2015 (LBO) – Sri Lanka’s Hayleys Aquagri, a subsidiary of Hayleys Group with the United Nations Development Programme (UNDP) said they would support to expand seaweed farming in select islands in the Islands Jaffna District, a statement said. Joern Soerensen, UNDP Country Director and Hayleys Agriculture Holdings, Managing Director and Executive Director of […]

Sri Lanka to invest Rs30mn per electorate on rural road building and rehabilitation

June 09, 2015 (LBO) – Sri Lanka’s Ministry of Highways and Investment Promotion said that it has launched an island-wide rehabilitation project for the rural road network.Under this new program every electorate has been allocated 30 million rupees to build the necessary roads and repair those that require it.The ministry says the aim behind this […]

Netherlands To Explore Opportunities In Sri Lanka’s Dairy Sector

Jun 05, 2015 (LBO) – A Dutch delegation of dairy companies will visit Sri Lanka in June to explore doing business with local firms and support the island’s dairy industry, the embassy said in a statement.“This visit should result in long term business activities which will contribute towards economic development in Sri Lanka and the […]

Sri Lanka State Sector Workers Need Training To Improve Efficiency: Eran

June 5, 2015 (LBO) – Sri Lanka’s state sector employees need training to provide a more efficient and professional service to the public, which will be a top priority of the government, Deputy Minister of Highways, Higher Education and Investment Promotion, Eran Wickramaratne told LBO.“Sri Lanka expects a highly professional and efficient public service. So […]

Sri Lanka to host international marine life conference in 2016

May 29, 2015 (LBO) – Sri Lanka will host the second International conference on marine mammals in the Indian ocean to help promote and encourage conservation of the species around the island, an official said. “Our job is to ensure that this rich bio-diversity and habitat of these animals are protected,” Prof Lakdas Fernando, President, […]

Lux launches limited edition fragrance soap collection in Sri Lanka

May 28, 2015 (LBO) – Lux on Wednesday unveiled their latest Lux star collection, a limited edition collection co-created with Deepika Padukone and with a new fragrance by master perfumer Alessandra Vinksnaitis. Sri Lanka’s gorgeous star, Pooja Umashanker who launched the two new soaps said she was delighted with the captivating fragrance of these soaps.“To […]

Sri Lanka’s Hemas Hospitals chain gets new MD

May 13, 2015 (LBO) – Sri Lanka’s Hemas Hospitals said Lakith Peiris has been appointed as the chain’s new Managing Director with effect from 01st of April this year. He will overlook the three Hemas Hospitals at Wattala, Galle and Thalawathugoda and their 32 laboratories around the country. Peiris had also held the position of […]

Sri Lanka Gem exports targets to cross $1bn by end 2015

May 13, 2015 (LBO) – Sri Lanka plans to increase export of local gems to one billion US dollars by the end of the year, Sri Lanka Gem and Jewelry Association said in a media release.Sri Lanka will host the 16th Congress of the International Colored Gem Stone Association from May 16th to 19th at […]

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