All Blogs
Monetary Twist
Central Bank staff was briefed last week on the latest changes that would affect monetary policy.rn rnSenior Central bankers were educating staff on the changes that will take place in the short-term money market with the introduction of Open market operations.rn rnOpen market operations will allow the Central Bank more control over the overnight market.rn […]
Fresh Hopes
Consultants hired by the government have recommended sweeping changes to the current interconnection regime between telecom operators.The draft interconnection agreement by Honk Kong based Arculli and Associates has been opened for comment and feedback from the industry before a final version is adopted. rn rnAccording to the draft agreement dominant operator SLT will have to […]
’85
Intel that officially launched its latest Pentium 4 chip in Sri Lanka says, a new innovation in the chip will increase PC performance.The chip uses software, which Intel calls Hyper Threading.rn rnHyper threading allows the chip to run 2 programs at the same time, by making the 3.06-giga hertz chip behave like two separate processors.rn
Closing In
The Central Bank has reported Pramuka Bank quote s alleged financial irregularities to the CID, Bribery Commission and Labour Dept., while the Attorney General quote s Dept filed charges against the bank quote s key officials on Friday.rn rnActing on the tip of alleged fraudulent activities, the Criminal Investigation Dept. swooped down on Pramuka Savings […]
Online Travel
A few months ago SriLankan Airlines launched its e-mail bookings facility for Sri Lanka where customers in any part of the world could request flight bookings through the internet at any time of the day or night for any flight on SriLankan Airlines out of Colombo, except to India. rn rnNow customers can even book […]
New Union
Sri Lanka quote s smaller banks are intensifying their efforts to attract investors following the Pramuka affair.rn rnNon endash performing loans are affecting smaller banks more than the bigger banks.rn rnMarket speculation was high on Thursday that Sampath Bank may be involved in a possible deal to strengthen Union Bank.rn rnThe exact role to be […]
Inter Network
A proposed new interconnection regime could see Sri Lanka Telecom sharing resources with its competitors and their customers.At the end of a two month process, Hong Kong based consultancy group Arculli and Associates, have drawn up a draft interconnection framework for the Sri Lankan communications industry. The draft recommends a benchmark interconnection fee ranging from […]
Staying Afloat
The Colombo South Harbour project will set sail in January 2003 when consultants to draw detailed engineering plans are appointed. Sri Lanka Ports Authority Chairman, Parakrama Dissanayake told Lanka Business Online that details of the short listed candidate were submitted to the Asian Development Bank (ADB) for its approval prior to cabinet endorsement.rn rnA US$ […]
Changing Caps
Pramuka Savings & Development Bank plans to set up a special internal audit team, after its Chairman Rohan Perera stepped down following a Board Meeting late Tuesday.rn rnThe board has appointed existing Director Udaya Nanayakkara as Chairman, but it is not clear whether Mr. Perera remains as President and CEO of the bank troubled bank.rn […]
Call Through
The government has decided to limit the size of Sri Lanka Telecoms initial public offering to 12 percent, despite a 14 percent oversubscription.Issue managers DFCC Bank said Wednesday that the Treasury had decided to allocate shares in full to domestic retail investors, domestic non-state institutional investors and foreign investors. rn rnApplications from state institutional investors […]