Category: General Services

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 […]

Oct 04, 2012 (LBO) – Actis Investment Holding SL Limited, said it had invested 2.26 billion rupees through a private placement of shares in Sri Lanka’s Asiri Hospital Holdings Plc, a Colombo listed company. Sri Lanka’s Colombo Stock Exchange the stock has been listed from October 03. Actis said the investment, which was 19. 09 […]

Oct 03, 2012 (LBO) – John Keells Plc, a commodity broking firm said Mekala Wanigasuriya, one its employees became the first female to auction rubber, since Colombo auctions began 112 years ago. The firm said the first ever lady tea auctioneer was also from John Keells. “For the first time in 112 years, a lady […]

Oct 02, 2012 (LBO) – Sri Lanka chapter of UK’s Chartered Management Institute and KPMG, a accounting firm, has organized a forum on mergers and acquisitions as businesses look outside organic growth to expand. While mergers and acquisitions are becoming popular there are also risks and challenges. CMI and KPMG has brought together a group […]

Sept 27, 2012 (LBO) – India’s Krrish group, which has interests in alcohol and real estate launched a 460 million US dollar mixed development in Sri Lanka’s capital Colombo and has started marketing apartments, officials said. Krrish chief executive R Guptha said the group said a marketing office has been set up to sell apartments. […]

Sept 24, 2012 (LBO) – Organizers of Sri Lanka’s ‘Effie Awards’ is seeking advertisements and other marketing communications works in mainstream or alternative media, paid or unpaid, for this year’s contest. Ben Lightfoot, chairman of the Singapore Effies Chapter for 2012 and chief exectvie of the McCann Group will be a resource available to participants. […]

Sept 21, 2012 (LBO) – Cargills (Ceylon) Plc said it had struck deal with US based TGI Friday’s Restaurant Inc, to operate a chain of franchise restaurants in Sri Lanka. Cargills said in a stock exchange filing that it was planning to open the first restaurant in the fourth quarter of the current financial year. […]

Sept 14, 2012 (LBO) – Sri Lanka’s Maliban Biscuits says it has given a make-over to its popular 40-year old ‘Lemon Puff’ brand, which is also a niche export market, making it more appealing to younger consumers. The brand has been re-launched with pop stars Bathiya and Santhush as brand ambassadors. The Maliban Lemon Puff […]