Category: General Services

Sept 10, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said applications for its ‘best corporate citizen award’ for companies engaging in social work will close on September 14 as scheduled. The awards were started in 2004 to recognize companies which engaged in so-called corporate social responsibility activities. The Ceylon Chamber said application could […]

Sept 09, 2012 (LBO) – Citrus Kalpitiya, a unit of Sri Lanka’s Citrus Leisure group said it will build 32 villas bordering a lagoon in the Indian Ocean Island’s western coast to be sold on 99-year leases with an offer to manage on a time-share basis. The firm is also planning a hotel in 78 […]

Sep 06, 2012 (LBO) – Pure Gold, a Dubai based group wants to set up a chain of 30 outlets in Sri Lanka selling 18 carat gold jewellery by 2016, the island’s industries ministry said in a statement. Bank of Ceylon and Commercial Bank of Ceylon are the top suppliers of gold, and in 2011 […]

Sept 06, 2012 (LBO) – SREI Infrastructure Finance Ltd of India has tied up with Arinma Holdings (Pvt) Ltd, a Colombo based firm to explore infrastructure opportunities in Sri Lanka as the island emerges from a 30-year civil war. The collaboration is targeting opportunities in advisory, equipment rental for the construction and healthcare sectors, and […]

Sept 02, 2012 (LBO) – India’ Krrish group, which has interests in alcohol and real estate is in a deal with Sri Lanka to build a 460 million US dollar tower with land leased from the state, a media report said. The newspaper quoted documents as saying that the Indian firm will “offer the Central […]

Aug 27, 2012 (LBO) – Denmark’s Falck, an emergency medical services company has taken a 50 percent stake in a Sri Lankan firm Med1 (Pvt) Ltd, and will invest in a 24-hour ambulance service, Sri Lanka’s Board of Investment said. The BOI said visitors to the island “whether tourists, entrepreneurs or investors will be reassured […]

Aug 27, 2012 (LBO) – Sri Lanka’s Asiri hospital group will get a 2. 26 billion rupee cash injection from Actis, a private equity group, on top of a 604 million rupees last week, taking the total to 2. 87 billion rupees (21 million US dollars) so far. Last week Actis invested 604 million rupees […]

Aug 24, 2012 (LBO) – Sri Lanka’s urban development agency will take-over several state properties in two key locations in the island’s capital Colombo for city development and leisure projects, a minister said. It will be converted in to a leisure and tourism zone with hotels, restaurants and entertainment activities. The UDA is also set […]

August 18, 2012 (LBO) – Sri Lanka™s Shaw Wallace and Hedges PLC plans to secure a 99-year lease on its Colombo property from the Urban Development Authority, a report said. Shaw Wallace has now told shareholders that it has plans to secure on a 99-year lease from the UDA an extent of 52.9 perches of […]

Aug 06, 2012 (LBO) – Sri Lanka’s unit of Randstad, a global recruiting and HR consultancy group is working on an awards scheme to select the best employers in the island, a top executive said. “Our understanding of the overall employment market and particular sectors, who your competitors are, where talent is likely to be […]

August 05, 2012 (LBO) – Pakistan based Lakhani group is looking to invest eight million dollars to build a university and a three star city hotel in Colombo, a top executive said. Naveed Hussain Lakhani, Chairman of Imperial builders (Pvt) Ltd, a subsidiary of the Lakhani group said the company is currently looking for a […]

Aug 02, 2012 (LBO) – Sri Lanka is set to begin work on the second stage of a housing project to relocate Colombo’s shanty dwellers in a bid to improve living standards and transform the congested Slave Island area to a modern residential and commercial zone, officials said. Housing units starting from a minimum five […]