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 […]

Mind Guide

June 9, 2008 (LBO) – An education fair to guide post-secondary education students find appropriate opportunities for further studies which are oriented to current economic needs will kick off on June 27, its organizers said. The ‘Future Minds’ national education and carrier exhibition will be on for three days at the Bandaranaike Memorial International Conference […]

Connecting

June 08, 2008 (LBO) – Sri Lanka’s Leo Burnett Solutions has launched an initiative called ‘humankind’ for the advertising agency’s Asia-Pacific region network aimed at building brand preference and changing consumer behavior, a top official said. In the absence of brand preference, price reduction is the only option, Chairman of Leo Burnett South Asia, Arvind […]

Helping Move

June 05, 2008 (LBO) – Only two percent of the public buildings in Sri Lanka have easy access to the disabled, CEAT Tyres which is backing an organization that is campaigning to improving access to public buildings by the disabled, has said. “For numerous reasons, disability in both visible and invisible forms is on the […]

Health Strategy

June 05, 2008 (LBO) – The Lanka Hospitals Corporation, which own’s Colombo’s Apollo Hospital, said it is targeting medical tourism in a big way, along with cosmetic surgery, and hopes to turn profitable in the next financial year. The hospital, whose ownership changed in October 2006 with tycoon Harry Jayewardena buying a controlling stake, said […]

Drug Link

June 03, 2008 (LBO) – PC Pharma, a unit of Sri Lanka’s PCH Holdings announced the launch of Bangladeshi Square Pharmaceutical products in Sri Lanka, which the firm says is competitively priced. Square Pharmaceuticals is a unit of Bangladeshi conglomerate, Square Group which has also diversified into healthcare, consumer goods and textiles, officials said. The […]

Engineering Row

May 27, 2008 (LBO) – Sri Lanka’s state-enterprise engineers are starting industrial action after the government denied them tax-slashed cars, with a warning of tougher measures if no notice is taken of their demands within the next two weeks. Other officers in state-enterprises and statutory bodies have also been denied the privilege. But engineers say […]

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