Health Expansion

Aug 12, 2011 (LBO) – Sri Lanka’s Hemas group is expanding its healthcare business with land bought in Battaramulla to build a new hospital near the island’s capital, group chief executive Husein Esufally said. “An expansion plan to add two more hospitals to the chain is well underway and we have been successful in securing […]

Winning Reports

July 31, 2011 (LBO) – Sri Lanka’s Smart Media, an annual report publishing consultancy has won gold at an international competition coming within the top two in the world, while its local and foreign clients have also won 39 awards. “Readers would like to see annual reports saying something useful; and saying it in a […]

Duopoly

July 30, 2011 (LBO) – Dubai-based Flemingo International, which has won a concession to operate a second duty free shop in Sri Lanka’s main international airport, is aiming at a 55 million dollar annual market, an official said. Better pricing and availability of more brands can make passengers spend more in Colombo and prevent them […]

Learning Centre

July 25, 2011 (LBO) – Sri Lanka’s Laugfs group has started an educational facility with Australia’s University of Canberra to offer courses on customs, border management, tax and excise administration, officials said. LAUGFS Australia Higher Education Services, a unit of the Laugfs group has tied up up with Centre for Customs and Excise Studies (CCES) […]

Research Chief

July 15, 2011 (LBO) – Lanka Market Research Bureau (Pvt) Ltd (LMRB) said it has appointed Himalee Madurasinghe, former second-in-command and a 14-year veteran at the firm as its chief executive. LMRB started 1981 as the first independent market research consultancy in Sri Lanka. It is affiliated to market research firms, IMRB International and Kantar […]

Language Space

July 13, 2011 (LBO) – A view that Sri Lanka’s information technology and business process outsourcing industry needs only workers who are fluent in English is a “fallacy” the head of a firm catering to the European market said. Mano Sekeram, chief executive of Eurocentre, a software engineering firm said, in most countries with which […]

Retail Skills

July 11, 2011 (LBO) – Sri Lankan fashion retailer ODEL has appointed an international retail sales specialist William R Pinkston, III, as its Chief Operating Officer, a statement said. In his career, Pinkston has specialised in store operations, expense reduction and control, product and visual merchandising, brand development, store concept design and project management for […]

Peace Dividend

July 10, 2011 (LBO) – Singer Sri Lanka, a consumer durables firm, a top retailer of televisions, refrigerators and sewing machines says sales in the former war-torn north and east of the country has doubled since a 30-year war ended two years ago. “Now, North-east is giving 6.5 percent percent of the sales,” chief executive […]

Big Leaks

June 24, 2011 (LBO) – Sri Lanka’s state water supply agency is unable to get revenue for one third of its production and the control of “excessive leakages” will improve productivity and allow it to repay loans, a finance ministry report said. The Water Board is expanding supply especially in the north and east after […]

Unpaid Work

AMARA, June 19, 2011 (AFP) – Thirty Sri Lankan construction workers in southern Iraq have been on a five-day hunger strike because they have not been paid for the past two years by their Iraqi employers, the labourers said Sunday. Thousands of South Asian workers are employed in menial jobs in oil-rich Iraq, many working […]

Media Profits

June 19, 2011 (LBO) – Profits of Sri Lanka’s state media enterprise rose in 2010, with profits of Independent Television Network (ITN) television station rising 66 percent to 308 million rupees, a finance ministry report said. Sri Lanka Broadcasting Corporation, a state radio station had posted up profits of 42. 6 million rupees, up from […]

Labour Position

June 09, 2011 (LBO) – Sri Lanka was elected as a deputy member of the International Labour Organisation™s (ILO) governing body during the 100th International Labour Conference now underway in Geneva, Switzerland. The ILO governing body includes 56 regular and 66 deputy members representing the three groups that make up the ILO™s membership; governments, employers […]

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