Last Updated : 20-04-2014 12:31

 
 

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Skill dearth hurts private healthcare sector: Report

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The shortage of medical professionals in Sri Lanka remains a major constraint for the private sector in exploiting the growing demand for private healthcare, a survey revealed.
Views: 1339

JAT wins big at Architects Exhibit

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At the recently concluded Architects Exhibition, JAT won the award for the Most Innovative and Informative stall, proving that they are the forerunners in the market for timber coatings. This was the first time an award was awarded for this category.
Views: 983

Lankan software piracy rate at daunting 84%

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Despite recent efforts to tackle software piracy, Mirror Business learns that the unauthorized use of software by Sri Lankans has been shockingly high at 84 percent in 2012, implying that 84 out of 100 Lankans ran their computers on pirated software.
Views: 2613

Hemas secures land in Ratmalana for fourth hospital

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Hemas Hospitals Private Limited, the fully owned subsidiary of Hemas Holding PLC sending a strong signal to sector rivals yesterday revealed plans to construct its next hospital in Ratmalana, taking into account the area’s growing middle class. This will take the total number of Hemas hospitals to four.
Views: 1577

Rs.6 bn PLC debenture issue oversubscribed

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The Rs.6 billion listed debenture issue by People’s Leasing & Finance PLC (PLC), a unit of state-owned People’s Bank was oversubscribed yesterday—the opening day of the issue
Views: 1685

Katunayake Expressway to be opened this August

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Arrangements are being made to open the 26 kilometre-long Katunayake - Kelaniya Expressway, built at a cost of US$ 291 million, this August.
Views: 2636

Asia’s defence spending overtakes Europe’s: IISS

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Asia’s defence spending overtook Europe’s for the first time last year, the International Institute for Strategic Studies (IISS) said on Thursday, reflecting China’s military rise and shrinking European economies.
Views: 2275

Australia’s Paycorp to set up KPO centre in Sri Lanka

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The Board of Investment (BoI) of Sri Lanka yesterday announced the signing of a US$ 4.40 million agreement with Paycorp Payment Solutions for the setting up of a Knowledge Process Outsourcing (KPO) center.
Views: 2276

Weak world economy curbing oil demand: IEA

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Global oil demand will be squeezed by weak economic growth this year, while soaring U.S. production gives consumers a perfect cushion to withstand most supply outages, the West’s energy agency said yesterday.
Views: 1485

Krrish Square construction to begin in June

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Construction on Krrish Square is set to commence from June of this year, according to Krrish Group Chief Executive Officer R.P. Gupta.
Views: 3224

MAS Chief recognized for women empowerment

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MAS Holdings Chairman Deshamanya Mahesh Amalean has been recognized for exceptional leadership in championing women’s empowerment and support for the Women’s Empowerment Principles – a partnership initiative of UN Women and the UN Global Compact.
Views: 2077

Korean Air begins direct flights to Colombo

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South Korea’s flag carrier, Korean Air on Sunday began direct flights to Sri Lanka.
Views: 3952

CIMA President Babber in town

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CIMA ’s President, Gulzari Babber who is on an official tour to all CIMA markets in the region makes his visit to Sri Lanka this week.
Views: 1757

Norochcholai coal power plant : Debt-to-equity swap deal ‘dangerous' - Expert

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A top energy expert recently warned of dire consequences of transferring the Norochcholai coal power plant back to the Chinese company in lieu of the massive loans obtained to construct the project and went on to describe a possible scenario of such a move as ‘dangerous'.
Views: 5071

Stanchart and ADB collaborate to support microfinance across Asia

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Standard Chartered Bank has entered into a collaboration with the Asian Development Bank (ADB) to support the growth of the microfinance sector in Asia. This region-wide collaboration aims to improve access to financial services for the poor in ADB's developing member countries (DMC's).
Views: 1349

Financial Action Task Force recognizes SL’S compliance status

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The Financial Action Task Force (FATF), the global policy/standard setter on anti-money laundering (AML) and countering the financing of terrorism (CFT), with 36 member countries and regional organisations, has determined that Sri Lanka is a country that is compliant with its standards, at its meeting recently.
Views: 1466

Chevron’s new plant to add more capacity

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Sri Lanka’s largest lubricant industry player Chevron Lubricant Lanka PLC’s (LLUB) new blending plant that is under construction, is expected to produce 20 to 25 percent more lubricants in addition to the firm’s present capacity, a top official of the company said.
Views: 1742

Nestlé Lanka records strong growth amid economic challenges

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Full year net profit at Rs.2.9bn; quarter profits at Rs.949mn Recorded highest annual intake of local fresh milk, bringing the company’s total contribution to the rural economy to Rs.4 billion in 2012 Sri Lanka’s Nutrition, Health and Wellness company, Nestlé Lanka PLC, posted a revenue of Rs.7.2 billion for the last quarter of the year.
Views: 1741

CTC goes to Supreme Court to overturn CA ruling

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The Ceylon Tobacco Company (CTC) has filed documents with the Supreme Court of Sri Lanka seeking to overturn the decision of the Court of Appeal to reject a stay order on new government regulations with regards to the labelling of cigarettes in the country.
Views: 2009

United Motors launches Mitsubishi Mirage

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United Motors Plc launched the Mitsubishi “Mirage’, a compact fuel-efficient car with a capacity of 1.2 liters petrol engine in to the local auto market this week.
Views: 2374

Delmege appointed ‘Berri’, ‘Just Juice’ exclusive distributor in Sri Lanka

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Delmege Forsyth and Co Ltd and Lion Australia Pty Ltd yesterday announced the appointment of Delmege Forsyth & Co Ltd as the exclusive distributor of ‘Berri' and ‘Just Juice' in Sri Lanka.
Views: 2511

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