Category: General Services

Nov 18, 2010 (LBO) – Members of the Institute of Chartered Accountants of Sri Lanka will be able to get the qualifications of its sister body in the UK following a deal signed this month, an official said. “Following the signing of a memorandum of understanding with Institute of England and Wales you will not […]

November 13, 2010 (AFP) – A Sri Lankan housemaid has accused her Kuwaiti employer of hammering 14 nails into her body, in the second such incident in the past few months, a local doctor said Saturday. Non-governmental organisations report frequent cases of employer abuse of maids who work abroad. The woman, identified only as Lechchami, […]

Nov 06, 2010 (LBO) – Cargills (Ceylon), which runs Sri Lanka’s biggest supermarket chain, has begun selling products of farmers in the former war zone in the northern Jaffna peninsula, officials said. The bank has given 105 million rupees in loans among over 3,000 micro-entrepreneurs, farmers and fishermen to restart their income generating activities in […]

Nov 02, 2010 (LBO) – Piramal Glass Ceylon made a net profit of 157 million rupees in the September 2010 quarter as domestic sales rebounded after the end of a war and exports grew sharply, the company said. Chief executive Sanjay Tiwari said all the sectors in the domestic market, namely food and beverage, pharmaceuticals, […]

Oct 20, 2010 (LBO) – Sri Lankan retailer Odel’s net profit rose 18 percent to 63. 6 million rupees in the September 2010 quarter from a year ago with sales strong but costs also rising sharply, a stock exchange filing said. Sales rose 50 percent to 836 million rupees in the quarter, its first as […]

Oct 19, 2010 (LBO) – Sri Lanka™s Asiri Hospital has bought a 10 percent stake in Asiri Surgical Hospital for 500 million rupees increasing its stake to 40 percent, managing director, Ashok Pathirage said. State-run Sri Lanka Insurance Corporation sold the stock for 9.50 rupees a share Tuesday, he said. SLIC had a 22 percent […]

Oct 11, 2010 (LBO) – Sri Lanka is offering free land and tax breaks for top ranked foreign universities to start branches in the island with the end of a state monopoly in awarding degrees, the island’s higher education minister said. “We are planning to bring higher education institutions ranked among the top 1,000 in […]

Sep 30, 2010 (LBO) – Ranil de Silva founder of Sri Lanka’s Leo Burnett advertising agency has been awarded a ‘Global Medal of Merit’ by New York based, International Advertising Association. De Silva said he had been overwhelmed and touched by the gesture. “It is the first time ever that someone had recognized my commitment […]

Sept 22, 2010 (LBO) – India’s CRISIL, a unit of the rating agency Standard & Poor’s said it is buying Pipal Research Corporation, a knowledge process outsourcing firm for 12.75 million US dollars. The purchase will be done through , Irevna, CRISIL’s own KPO division. “The Irevna-Pipal combination will be uniquely positioned in the high-end […]

HONG KONG, September 15, 2010 (AFP) – Asian newspapers are defying the global print media meltdown while their counterparts in the West spill red ink and lay off staff in droves as readers flock to online news. Print advertising — the lifeblood of a newspaper’s revenue base — has plunged 47 percent in the hard-hit […]

Sept 13, 2010 (LBO) – Sri Lanka’s Asiri Hospitals group has acquired a firm with land in the central hill country capital of Kandy with approval to build a hospital, a stock exchange filing said. In April Asiri Hospital said it had bought a 40-bed hospital in the island’s southern Matara area for 160 million […]

Sept 10, 2010 (LBO) – Sri Lanka’s schools sports need private sector support, especially for an upcoming meet that will see children from former war-torn areas taking part in a big way, the education minister has said. The education ministry has also started a s scholarship program for talented students who are financially constrained. “There […]