Category: General Services

July 29, 2012 (LBO) – Sri Lanka’s Smart Media, a marketing communications firm said it had been placed second global award from a US based organization for its annual reports, and won the top award for Asia Pacific. US-based League of American Communications Professionals (LACP) had given a gold award Smart Media in the Worldwide […]

July 26, 2012 (LBO) – A Sri Lanka based herbal remedies and personal care producer, has begun trials on therapies linked to anti-diabetes and improving the quality of life, to meet increasing consumer demand for natural remedies, officials said. Link Natural Products Private Limited, a subsidiary of CIC Holdings Plc, says it is working local […]

July 21, 2012 (LBO) – Sri Lanka’s ‘pay for performance’ schemes should be carefully designed to be fair and transparent and linked to a firm’s short and long term goals while incorporating the organization’s core values, top corporate executive said. Performance based pay schemes can also drive employees to focus excessively on hitting targets to […]

June 27, 2012 (LBO) – Sri Lanka’s state-run Sri Jayawardanapura Hospital, established as a cost-recovery hospital which levies some fees from patients has raised 1. 69 billion rupees in revenues for in 2011, a finance ministry report said. The Treasury has given an 840 million rupee grant for capital expenditure and 231 million rupees for […]

June 18, 2012 (LBO) – A British national living in Sri Lanka who is a part-time teacher and writer has been honored by Queen Elizabeth for his work on ‘Sri Lankan English’ which has its own peculiarities. He is now working on a trilingual learners’ dictionary of colloquial Sinhala, English and Tamil. Michael Meyler has […]

May 17, 2012 (LBO) – Sri Lanka’s Lanka Hospital Corporation said it will set up a diagnostic laboratory network with India’s Fortis Healthcare in which it will invest 831 million rupees over the next two years. Lanka Hospitals, a unit of state-run Sri Lanka Insurance, will float a fully owned unit to operate the labs. […]

May 03, 2012 (LBO) – Cargills (Ceylon) PLC on Thursday said it continues to buy over 60,000 litres of fresh milk each day, despite dairy farmers protesting of poor prices or few buyers for their supplies. Farmers and milk collectors in the in the central region of Nuwara Eliya on Wednesday, threw some 12,000 litres […]

May 2, 2012 (LBO) – Sri Lanka’s Hemas Holdings PLC group on Wednesday broke ground for their third hospital, catering to tens of thousands of people living in the east of the capital of Colombo, an official said. Situated in Thalawatugoda, some 14 kilometers off Colombo, the 1.3 billion rupee 50-bed hospital is due to […]

April 26, 2012 (LBO) – Overseas Realty (Ceylon) PLC, owners of Sri Lanka’s iconic Twin Tower complex, has seen demand for its property grow, on the back of post-war economic sentiment, but warned a weak rupee was eroding earnings. The Singaporean company, saw post-tax profits grow 32.0 percent to 584 million rupees for the financial […]

Apr 26, 2012 (LBO) – HSBC bank and the British Council has launched an award scheme for young entrepreneurs in Sri Lanka targeting students in universities, private higher education institutions, vocational colleges and professional bodies. “Next generation entrepreneurs will drive Sri Lanka™s economy,” Tony Reilly country director British Council said. “It is no different in […]

April 25, 2012 (LBO) – Demand for office space in the Sri Lanka’s capital Colombo is tipped to more than double over five years, led by information technology related firms and the financial sector, a property services specialist has said. The newly opened Sri Lanka unit of Jones Lang LaSalle, an international property services company […]

Apr 15, 2012 (LBO) – Sri Lanka has seen a steep drop in the use mail in 2011, while telecom services continued to expand, increasing losses of a state-run postal service, official data showed. Central Bank data showed that letters per inhabitant dropped to 33. 3 percent to 12 in 2011 from 18 a year […]