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Big No
The cabinet has taken a firm stand to disconnect the licence of any telecom operator who refuses to toe in line with the new telecom liberalization policy.At a meeting headed by Premier Ranil Wickremesinghe, cabinet opted to go ahead with its liberalisation policy, which includes the hotly debated interconnection issue, making it compulsory for all […]
Going Home
Two projects, initiated by the Urban Development Authority (UDA) will add 15,500 new low and middle income homes in the western province.rn rnThe homes will be built on UDA land with monies from Korea and China.rn rnNegotiations are underway with a Korean firm to construct and invest and estimated Rs. 200 million in 500 homes […]
Dry Run
The countrys largest city is running short of water as the state looks to the private sector to bridge a widening gap in supply to Greater Colombo.A privately operated and managed 40 MGD endash Million Gallons per Day (185,000 cubic metre) treatment plant is to take off on the right bank of the Kelani River.rn […]
Safety Features
A tentative take off date of April is on the cards for the social security net for retrenched workers, with an ILO report on its way to Cabinet.The security net is tagged to recent labour reform that went through parliament, which makes it easier for employers to lay off workers during restructuring. rn rnWith lay-offs […]
Hotline
The upcoming interconnection agenda will pull together a common database of phone numbers, which will be managed by the telecom watchdog.The upcoming interconnection agenda will pull together a common database of phone numbers, which will be managed by the telecom watchdog.The common records will act as the base for networks to provide their customers with […]
Warning Bells
The government plans to meet with officials from key foreign countries like USA and UK for a possible economic package in the event of another Gulf War.rn rnLabour Minister, Mahinda Samarasinghe kicked off the crisis level talks on Thursday by meeting top UNDP officials.rn rnHe is also due to meet Saudi Arabian and Kuwait Ambassadors […]
U-Turn
The Seylan Merchant Bank (SMB) Group has posted a 122 percent growth in profits after reporting a loss in 2001.The Groups pre-tax profits rose to Rs.11.3 mn for the period ending Dec.31, 2002 from a Rs. 51.7 mn loss in 2001. rn rnThe Banks pre-tax profit grew 104 percent to Rs. 2.2 mn from a […]
Life Support
Life Insurance Corp. of India has secured regulatory approval to start a life insurance unit in Sri Lanka.Teaming up with the Bartleets Group, LIC has invested Rs.100 mn to purely cater to the local life insurance business.rn rnLIC controls 75 percent of The Life Insurance Co (Lanka) Ltd with Bartleets owning the balance.rn rnCEO R […]
I Do
New interconnection policies may require external gateway operators to make minimum traffic commitments with network operators. The Telecommunications Regulatory Commission (TRC), on Friday published the draft interconnection framework, a base document that will guide operators to negotiate charges for accessing and providing access to telecom networks.rn rnThe interconnection framework is the missing jigsaw in a […]
New Future With Seylan
The bank tied up with an international bonds specialist Tyndall Corporation in Australia to get expertise for the venture.rn rnThe bank will initially pool US$ 16 mn or one forth of its foreign currency deposits into an offshore fund for the operation.rn rnTyndall says futures and options trading will help the bank get a higher […]