Category: General Services

Mar 04, 2011 (LBO) – India’s Fortis Healthcare group has bought a stake owned by Sri Lanka’s Distilleries in Lanka Hospitals, formerly part of the Indian Apollo chain, for 3. 98 billion rupees as part of a recent acquisition spree. Fortis Healthcare Global Holding bought 64 million shares or a 28. 6 percent stake of […]

Mar 03, 2011 (LBO) – Sri Lanka’s state investment promotion agency said its chairman will stay on and “appropriate notice” will be given when he leaves. The BOI is being restructured and there had been protests by staff. The Board of Investment said its chairman, Jayampathy Bandaranaike, had taken over the agency with “specific understanding […]

Feb 26, 2011 (LBO) – The International Labour Organisation has urged Libya to protect the rights of migrant workers caught up in the current conflict and ensure their basic right to freedom of association. Libyan leaders must put an immediate stop to the massive killings, large-scale violence and generalized repression unleashed against peaceful demonstrations of […]

Feb 22, 2011 (LBO) – Sri Lanka faces rising health care costs as the population ages with an increase in non-communicable diseases (NCD) like diabetes, heart disease, cancers and asthma, a recent World Bank study said. “More effective legislation on the use of trans fats and tobacco and educating the public to reduce salt and […]

Feb 21, 2011 (LBO) – Sri Lanka Institute of Marketing (SLIM), an industry body, is hosting a forum on consumer trends to promote more research based marketing and best practices. “As the national body of marketing we want to encourage best practices in terms of research, advertising, branding and sales,” SLIM president Rohan Somawansa, President, […]

Feb 01, 2011 (LBO) – Sri Lankan fashion retailer Odel’s December 2010 quarter net profit rose 35 percent to 76 million rupees from a year ago with inventory levels and borrowings also up sharply, a statement said. Sales in the quarter, usually the best because of Christmas shopping and the peak tourism season, rose 26 […]

Feb 01, 2011 (LBO) – The London School of Commerce (LSC) Group of Colleges has opened a branch in Sri Lanka offering graduate and post-graduate courses, a statement said. The branch, called the British School of Commerce (BSC), will offer courses for both Sri Lankan and overseas students. The courses include business administration, information technology, […]

Jan 25, 2011 (LBO) – Sri Lanka’s Odel a high end retailer said it had joined a global department store association founded in Switzerland which whose members have combined sales of 60 billion US dollars. Intercontinental Group of Department Stores (IGDS) has 33 members in 31 countries, Selfridges, Saks 5th Avenue, Printemps, Parkson, Beco, FEDS, […]

December 27, 2010 (AFP) – Swine flu in Sri Lanka has killed 22 people and infected more than 300 over the past two months, the island’s health ministry said Monday. Official figures showed that 22 people infected with H1N1 — swine flu — had died since October 25 while 342 cases were reported during this […]

Dec 08, 2010 (LBO) – Britain intends to restrict entry of foreigners for study with tougher criteria for adult students and stricter accreditation procedures for private sector education providers, a statement said. They aim to ensure students return overseas after their course, limit entitlements to work and to sponsor dependants and simplify procedures for checking […]

Dec 02, 2010 (LBO) – The Asian Development Bank (ADB) will provide 90 million US dollars in loans to help Sri Lanka restore water supply and sanitation infrastructure in the war-ravaged north, a statement said. The project, due for completion by February 2017, will help restore and modernise key infrastructure damaged by war or which […]

AMMAN, November 22, 2010 (AFP) – A Sri Lankan maid who said she had swallowed nails did so to pin the blame on her employer in Jordan and be sent home, recruitment agency officials said in the Jordan Times newspaper on Monday. “We have asserted that the helper™s accusations were false and she had confessed […]