Category: General Services

March 12, 2008 (LBO) – An Indian property developer has inked a deal with Sri Lanka’s investment promotion agency to get tax concessions for an apartment complex in a Colombo suburb. However the interest rate structure started to get corrected last year following tighter monetary policy by the central bank, making less money available for […]

March 12, 2008 (LBO) – Sri Lanka’s high inflation, which is shrinking the incomes of consumers, should be reduced to promote economic activity, a top consumer durables firm which is feeling the pinch of rising prices has said. Singer Sri Lanka is targeting high-end customers as the country’s mass market turned sluggish in the face […]

Mar 10, 2008 (LBO) – Advertising agencies are struggling to convince clients to use the web as internet penetration increases in Sri Lanka, but poor awareness among clients and users alike, hinder these efforts, officials said.“If you look outward and what kind of business opportunities are out there, then the web can play a very […]

Mar 10, 2008 (LBO) – Emirates Airlines is tripling frequent flying miles to business travellers in March on selected destinations, the airline said. Emirates operates 17 services a week from Colombo to Dubai and four services a week from Colombo to Singapore and Jakarta. First class passengers who fly more than 100 flights across its […]

Mar 08, 2008 (LBO) – Local brands will have to boost their image to compete against experienced and focused international manufacturers, who now having a larger market share in Sri Lanka, a branding expert has said. International manufactures are well focused and equipped to provide the goods that will have high appeal among consumers. “International […]

Mar 07, 2008 (LBO) – A bus terminus in rural Sri Lanka, a car showroom in the capital Colombo and a lowland forest visitor centre are vying for a million rupee award given in the name of Sri Lanka’s famed architect Geoffrey Bawa, officials said. The winner will be chosen after an on site technical […]

March 05, 2008 (LBO) – Sri Lanka’s Ceylinco Consolidated has inked an agreement with the country’s investment promotion agency to set up its second shopping and apartment complex in the suburbs of Colombo. The 33 million US dollar project, “Realty Tower”, has 18 floors and will be built in the Colombo suburb of Nawala, on […]

Mar 03, 2008 (LBO) — A top Sri Lankan advertising agency that stirred up the industry after the Chilies 2008 ad awards has chosen not to go public with its grievances, but the row has raised new questions.Leo Burnet Solutions which bagged 30 percent of the awards, and clinched the second slot created a controversy […]

Mar 03, 2008 (LBO) – Sri Lankan construction companies which visited the Middle East to bid for a share of the building boom there are forming consortia to pool their resources, an industry official said. The firms will form joint stock companies which will be managed by the Chamber of Construction Industries (CCI), its secretary […]

Feb 28, 2008 (LBO) — Sri Lanka will teach arts and commerce subjects for pre-university students in English from this year, a senior government minister said. Sri Lanka’s cabinet of ministers had approved a proposal by education minister Susil Premajayantha to start English medium instruction at 50 schools this year, information minister Anura Yapa said. […]

Feb 26, 2008 (LBO) – Sri Lanka’s Triad Advertising says it will seek international recognition after winning the only gold at this year’s ‘Chillies’ ad awards, while a top agency boycotted a post-event media conference. . Triad topped the tally for the third consecutive year. The agency won gold under the integrated communications category for […]

Feb 23, 2008 (LBO) – Sales representatives of Sri Lankan medical firms are to be given identity cards through the pharma industry and given access to government hospitals during specified hours. They would also have to observe a strict code of conduct under a deal worked out between the industry and the health ministry to […]