Category: General Services

Feb 06, 2013 (LBO) – Sri Lanka’s Odel Plc, a unit of Parkson Retail Asia Limited, Malaysia said profits in the December 2012 quarter rose 50 percent to 81 million rupees, while warning about the effects of a value added tax imposed from January.The company is sitting on 2.0 billion rupee cash reserve after the […]

Jan 10, 2013 (LBO) – Sri Lanka’s EDEX 2013 exposition will showcase career and further education opportunities for school leavers with over 350 employers and educational institutes exhibiting, officials said.The exhibition will be held from18 to 20 January in Colombo 25 to 26 January in Kandy. The exhibition will have over 200 foreign universities from […]

Dec 16, 2012 (AFP) – Sri Lanka on Sunday unveiled new guidelines encouraging devotees to donate low-sugar, healthier food to the country’s Buddhist monks after warnings that half of them risk developing diabetes. Sri Lanka’s monks eat food containing on average 12 teaspoons of sugar a day, but it should be reduced to a maximum […]

Nov 28, 2012 (LBO) – Japan has given 3. 7 million rupees worth tools and equipment to a Sri Lanka based organization making artificial limbs, the Japanese embassy in Colombo said. . The ‘Colombo Friend-in-Need Society’ gives ‘Jaipur’ artificial limbs with rehabilitation free of charge to needy people, and helps about 1,000 people a year, […]

Nov 26, 2012 (LBO) – Grants advertising group said it had won three silver and four bronze awards at Sri Lanka’s Effie advertising for 2012 with the telecom brand Etisalat being the most awarded with five medals. The Grants group in represented in Sri Lanka by Response Marketing and Grant McCann Erickson agencies. “Grants have […]

Nov 22, 2012 (LBO) – Japanese-style management techniques applied in hospitals in Sri Lanka had helped improve healthcare in a number of African countries, the Japan International Co-operation Agency said. JICA said the 5-S organizational method (seiri or sort), seiton or set), seiso ro shine), seiketsu or standardize) and shitsuke or sustain) and kaizen (continuous […]

Nov 20, 2012 (LBO) – Cargills (Ceylon) Plc Sri Lanka’s a consumer goods group which runs the island’s largest retail network said its taking stock of future expansion following a budget for 2013 and a slowdown in consumer spend. Inflation picked up sharply in 2012 and the rupee fell after authorities took large volumes of […]

Nov 16, 2012 (LBO) – A week of activities will kick off tomorrow ahead of Sri Lanka’s ‘Effie’ advertising awards organized by the Sri Lanka Institute of Marketing (SLIM) to recognize creating and effective advertising campaigns. Effie is a global program connected to the American Marketing Association which started in 1968 and is now held […]

Nov 16, 2012 (LBO) – Profits at Singer Sri Lanka Plc, a distributor of consumer electronics fell 35 percent to 194 million rupees in the September 2012 quarter from a year earlier, as finance costs rose, interim accounts showed. The group reported earnings of 1.65 rupees per share. For the nine months to September the […]

Nov 08, 2012 (LBO) – Sri Lanka has extended value added tax to the retail trade starting with supermarkets with a turnover above 500 million rupees a quarter, President Mahinda Rajapaksa said presenting a budget for 2012. Supplies made by the Central Bank, some services of public corporations have also been exempted from tax. A […]

Nov 08, 2012 (LBO) – Sri Lanka will cut taxes on racing cars and give valued added and turnover based tax relief to sports related economic activities according to a budget for 2013 presented to parliament. President Mahinda Rajapaksa who is also finance minister said in a prepared budget speech that the foreign income from […]

Nov 06, 2012 (LBO) – Sri Lanka’s Odel Plc, a 44 percent owned by Parkson Retail Asia said profits fell 15 percent to 104 million rupees, from a year earlier as a higher interest bill hit the bottom line though revenues continued to grow. The fashion retailer reported earnings of 72 cents per share for […]