Category: General Services

Sep 16, 2009 (LBO) – Sri Lanka’s Ceylinco Sussex College, a unit of the troubled Ceylinco Group, is to be managed by Merchant Bank of Sri Lanka (MBSL), which has taken over or is overlooking several troubled firms.More than 5,700 students are at 20 Ceylinco Sussex College branches island-wide, studying for national exams in the […]

Sept 10, 2009 (LBO) – At Sigiriya, in central Sri Lanka, a group of geophysicists are probing the ground around an ancient rock fortress with ground penetrating radar, looking for man-made structures which are 1,500 years old.The rock is surrounded by a landscaped patchwork of shallow ponds – a water garden – which is irrigated […]

Aug 19, 2009 (LBO) – Sri Lanka’s supermarket chain Cargills (Ceylon) said it plans to invest in the former northern war zone as its retail and consumer goods businesses lifted June 2009 quarter profits.The company said in a stock exchange filing that group net profit grew 36.6 percent to 162 million rupees in the June […]

Aug 16, 2009 (LBO) – Sri Lanka known as a manufacturing hub for leading international brands and a commodity producer should develop a strategy to build its own brands to earn more and cope with rising costs, a marketing expert said. According to Business Week magazine, in 2008Coco-Cola’s brand value was 66 billion dollars, while […]

Aug 13, 2009 (LBO) – Migrants are left out of current stimulus packages and HIV/AIDS programmes are under threat, according to a new United Nations study.The paper, released at the ninth International Congress on AIDS in Asia and Pacific in Bali this week, said the adverse impact of the financial crisis on health and migration […]

RIYADH, August 4, 2009 (AFP) – A Sri Lankan man and a Saudi teenager suffering from a heart defect have died from swine flu, raising the country’s flu death toll to six, the Saudi health ministry said on Tuesday.The Sri Lankan man, 32, was found dead in his hotel room on Monday, while the 15-year-old […]

July 27, 2009 (LBO) – Management and finance students of Jaffna University will get easy access to Colombo Stock Exchange data, market regulator Securities and Exchange Commission (SEC) said. The qualification starts with a certificate and leads up to a degree. The SEC said the Jaffna University would get a fully equipped capital market information […]

June 25, 2009 (LBO) – The World Bank said it has approved a 24 million dollar loan to support Sri Lanka’s state health services mainly in former war-zones in the North and the East of the country. The credit from the International Development Association (IDA), the World Bank™s concessionary lending arm, has 20 years to […]

June 24, 2009 (LBO) – Sri Lanka’s Asiri Surgical Hospital has launched a round-the-clock emergency care service targeting expatriate Sri Lankans who have relatives in the island, an official said.Ashok Pathirage, managing director, Asiri group, said the service was aimed particularly at Sri Lankans living and working overseas who had to care for elderly parents […]

June 16, 2009 (LBO) – The clubhouse of a golf course which was ordered in to state hands by court over corruption charges is operating as a hotel and starting to generate profits, an official said.The Water’s Edge golf course in Colombo was ordered returned to the state and its clubhouse is now run by […]

RIYADH, June 13, 2009 (AFP) – Nineteen men, most of them foreign workers, were incinerated when a Saudi bus caught fire after crashing into a truck during a blinding sandstorm, a transport official said on Saturday. No one escaped from the burning bus when it hit a slow-moving truck entering the road from the shoulder […]

June 10, 2009 (LBO) – A regional Sri Lankan business chamber has won a top global award for its work after the 2004 Indian Ocean tsunami, in a competition which had entries from 33 countries, the organization said. The member services of the Hambantota chamber, job placement and information technology had also been improved. The […]