Court Order

COLOMBO, August 23, 2013 (AFP) – A Sri Lankan court Friday lifted a ban on the sale of milk products of New Zealand dairy giant Fonterra which has been under pressure over a global botulism scare. A New Zealand government website says DCD is not toxic and poses no food safety risks but Sri Lanka’s […]

Suspended

Aug 23, 2013 (LBO) – Fonterra New Zealand said it had temporarily suspended Sri Lanka consumer operations to protect its workers and assets amid nationalist protests and a court order halting sales and distribution.“Fonterra Sri Lanka is currently subject to a court Enjoining Order which has shut down our ability to sell product, advertise it […]

Economic Pulse

Aug 21, 2013 (LBO) – Sri Lanka’s Cargills (Ceylon) Plc, which has interests in retailing, foods and restaurants said profits fell 49 percent to 121 million rupees in the June 2013 quarter amid narrower margins, but said the business environment was improving. Cargills also runs Sri Lanka’s KFC restaurant franchise. The company said prices have […]

Chance

Aug 15, 2013 (LBO) – Sri Lanka’s state-run National Lotteries Board (NLB) expects revenues to grow 16.2 percent to 14.7 billion rupees in 2013, a top official said.This year it has paid 3,761 million rupees as prize money and created paid prizes of over 10 million rupees to 14 winners. Chairman Chaminda Athuluwage said revenues […]

Growing Sector

Aug 15, 2013 (LBO) – Sri Lanka™s human resources management sector is growing faster than in countries like India and China where there is a relative slowdown, an international specialist said. “The aspiration and the sentiment in the HR sector here is quite positive and its growth path is escalating,” Pat Caputo from Aon Hewitt’s […]

Appointment

Aug 15, 2013 (LBO) – Sri Lanka’s EAP Holdings said award Prasanna Vithanage, an award winning film and theatre director has been appointed as an independent director to board of its media and entertainment division.EAP Media and Entertainment division runs terrestrial television stations Swarnavahini and ETV; Shree FM, E FM and Run FM radio channels […]

Training Progress

Aug 06, 2013 (LBO) – Lanka BPO Academy, a skills development firm, said it had completed a program for trainers at InfoMate, a provider of outsourced finance and accounting services at Sri Lanka’s John Keells Holdings group.Lanka BPO academy is a training organization which collaborates with local and international partners to provide skills and training […]

‘s Education

August 05, 2013 (LBO) – Sri Lanka’s public sector dominated education sector needs more private partnerships Asian Development Bank country director, Rita O’Sullivan said. Resource persons include IMF’s Sri Lanka resident representative Koshy Mathai, Lloyd Fernando, Indrajit Aponsu, W A Wijewardena, Saman Kelegama, Uditha Liyanage and Rohan Perera. “There is a need to invest in […]

Policy Training

July 25, 2013 (LBO) – Sri Lanka™s Postgraduate Institute of Management (PIM), provider of management education said it will launch its course on public policy for business leaders, academics, researchers and government officials on August 01. While resource persons include IMF’s Sri Lanka resident representative Koshy Mathai, Lloyd Fernando, Indrajit Aponsu, W A Wijewardena, Saman […]

Policy Training

July 15, 2013 (LBO) – Sri Lanka™s Postgraduate Institute of Management (PIM), provider of management education said it will conduct a short course on public policy for business leaders, academics, researchers and government officials. The closing date for registration is July 15 and the program has openings for only 40 participants, who will be accommodated […]

Education Revamp

June 28, 2013 (LBO) – Sri Lanka will start a technology stream in its secondary school system and boost facilities and teachers to increase students studying science and commerce with a 200 million US dollar Asian Development Bank program. “The current system needs a major overhaul so that young people have the skills to enter […]

Innovative Education

June 19, 2013 (LBO) – Sri Lanka’s fee-levying higher education institutes are drawing on technology and cost management strategies to make services affordable to students and maintain quality, officials said.Overseas education is very expensive for students and parents and it is not affordable to many. Affiliated colleges with a local partner are more affordable. UK’s […]

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