Transworks Project

July 25, 2008 (LBO) – Sri Lanka will look for private investors to develop prime state property in the heart of the capital Colombo, who would be expected to build a two-tower high rise which could cost around 200 million US dollars, a senior minister said. The land is the so-called Transworks Square, a four […]

Inflating Luck

July 22, 2008 (LBO) – The Sri Lankan government is going to double the prices of lottery tickets from September onwards. The national lotteries board and the development lotteries board have an effective duopoly on selling lotteries in Sri Lanka. Updated National Lotteries Board chairman A De vass Gunewardena says that the last price revision […]

Restructuring

July 20, 2008 (LBO) – Sri Lanka’s state radio will shed up to 400 excess employees by giving them a million rupee severance package senior officials said, while the broadcaster was reeling under mounting losses.At the moment it has 1,068 employees and most of the excess is in the transport and security divisions, officials said. […]

Virtual Slaves

JAKARTA, July 8, 2008 (AFP) – Saudi Arabian families are abusing female migrant workers to the point of slavery and Riyadh needs to respond with sweeping labour and justice reforms, a major rights group said Tuesday.US-based Human Rights Watch (HRW) said in a new report released in Indonesia, the home country of thousands of female […]

Peace Building

July 07, 2008 (LBO) – Sri Lanka’s government should start English medium schools in the East of the island, because educators in the areas are clamouring them, a top official in charge of peace building efforts said.The Secretariat for Coordinating the Peace Process (SCOPP) is encouraging communities in the Eastern Province to formulate their own […]

Looking Good

June 29, 2008 (LBO) – More people are mastering hair dressing and beauty culture because of increasing opportunities both in Sri Lanka and overseas, practitioners and students say. In the past people didn™t consider it as a serious profession because of the low demand and the inability to get qualified. Now however, hair and beauty […]

Writing Prize

June 26, 2008 (LBO) – Journalists who write on issues related to institutions of a free society, free markets and sound science have until June 30, to submit their work and win 15,000 US dollars in prize money, a top think thank has said.The International Policy Network’s (IPN) Bastiat Prize for journalism is inspired by […]

Buy One

June 22, 2008 (LBO) – A Sri Lankan car dealer is taking a buy-one-get-one-free strategy to sell off luxury vehicles, borrowing a strategy used by fast moving consumer goods makers to sell soap, cosmetics and cereal. In Sri Lanka inflation is at the highest level in its history touching 30 percent and interest rates are […]

Tata Track

June 20, 2008 (LBO) – High inflation and interest rates have hit auto sales in Sri Lanka but the market for Indian made Tata vehicles remains strong, the brand’s agents, Diesel and Motor Engineering Company (DIMO) said.“We do not find them (Chinese imports) as a threat because people need to have spares, reach and service […]

Ocean Outlook

June 18, 2008 (LBO) – Sri Lanka’s Chamber of Construction Industry is pressing for the setting up of an institutional and legal framework to exploit the island’s offshore resources. “It appears that our economic survival will depend on our ability to exploit our offshore resources,” said Dakshitha Thalgodapitiya, chief executive of the Chamber of Construction […]

Smoking Out

June 14, 2008 (LBO) – Laugfs Eco Sri, a unit of Sri Lanka’s Laugfs gas distributor, plans to launch a sample testing centre next month to test vehicle exhaust emissions ahead of the imposition of new emission standards. The government has said vehicles that do not meet proposed exhaust emission standards will not be given […]

Jumbo Release

UDAWALAWE, June 14, 2008 (AFP) – Sri Lanka on Saturday released eight orphaned baby elephants into the jungle after rescuing them from near certain death, wildlife officials said.Many of those elephants cared for by the wildlife officials have been injured after being struck by trains or shot by farmers. Others are rescued from pits into […]

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