Winning Track

June 4, 2010 (AFP) – Megastar Aamir Khan’s hit movie “3 Idiots” is set to sweep the board at the “Bollywood Oscars” in Sri Lanka this weekend, after scooping a string of awards in the technical categories. The film — a coming-of-age comedy about three struggling students at a top engineering college — has been […]

Comedy Hit

June 4, 2010 (AFP) – Megastar Aamir Khan’s hit movie “3 Idiots” is set to sweep the board at the “Bollywood Oscars” in Sri Lanka this weekend, after scooping a string of awards in the technical categories. The film — a coming-of-age comedy about three struggling students at a top engineering college — has been […]

Retail Foray

June 04, 2010 (LBO) – Two investment companies in Sri Lanka’s Carson group have bought into unlisted Softlogic Holdings as part of a foray into the retail sector seen as having good growth prospects with the end of a war. Ceylon Guardian Investment Trust said it bought a 4. 3 percent stake in Softlogic Holdings […]

Film Awards

June 3, 2010 (AFP) – Sri Lanka’s cricket captain Thursday applauded the “courage” of stars attending the annual Bollywood film awards being held this year in Sri Lanka despite a boycott call by the Tamil cinema industry. Kumar Sangakkara said the Bollywood celebrities who have already arrived in Colombo for Saturday’s glitzy Indian International Film […]

Retail Focus

June 02, 2010 (LBO) – Sri Lanka’s Richard Pieris and Company said it plans to expand its network of ‘Arpico’ shopping malls in its retail business which is considered the group’s main engine of growth. Chairman and chief executive Sena Yaddehige said the retail sector has been one of the most “growth-oriented” arms of the […]

Tele Share

June 01, 2010 (LBO) – Korean electronics maker Samsung said it was eyeing a 30 percent share in Sri Lanka’s growing flat panel television market with an intensified marketing drive as the overall domestic market is also set for higher growth. Samsung West Asia chief JungSoo Shin said his firm had market leadership status for […]

Hot Seats

June 01, 2010 (LBO) – Sri Lankan public will get 100 seats but VIPs will get 400 seats at a India film awards venue in the island’s capital, officials said, though hundreds of millions of rupees of public money is being spent, including to spruce up the venue. The International Indian Film Academy (IIFA) awards […]

Property Drive

May 19, 2010 (LBO) – Sri Lanka’s Overseas Realty Ceylon, a unit of Singapore’s Shing Kwan group, is pushing ahead with Colombo’s largest property project amid renewed buying interest in apartments after the end of a 30-year war. Overseas Realty owns Colombo’s World Trade Centre building which houses the Colombo Stock Exchange and is jointly […]

Top Down

May 14, 2010 (LBO) – Unethical practices from the top find its way to the bottom of organizations, and picking the right talent was also important since human decisions can always override regulations, a senior business executive said. However in some cases employees sometimes bend rules when being pressurized by the top management to make […]

Future Challenge

May 06, 2010 (LBO) – Students of the science faculty of Sri Lanka’s Colombo University and the Rotaract Club have teamed up to bring students closer to the island’s corporate sector. The organizers say cubicles with lighting and fans and refreshment will be provided for company representative to interview undergraduates. Waiting rooms will have projectors […]

Fresh Brew

May 04, 2010 (LBO) – Unilever Sri Lanka (USL) has launched a new brand of tea in the island aiming to increase the multinational’s market share of branded teas that carry higher margins, officials said. The new brand, Brooke Bond Ceylonta, is expected to increase local market share for Unilever branded teas by 1.0 to […]

Ad Brawl

May 04, 2010 (LBO) – Sri Lankan advertising agency Triad said it has sued the organizers of an ad awards scheme for 100 million rupees alleging the contest was a ‘scam’ subject to manipulation. Other defendants include members of the Chillies 2010 organizing committee headed by Rohan Rajaratnam. The Chillies was created by the advertising […]

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