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Guerrilla Commitment
Dr. Travis Perera, Human Resource Management Consultant for PIM quote s MBA programme, in his presentation titled ldblquote Strategies through Human Resource Development climate dblquote at CIMA Students quote Conference held last Saturday said organisations should strive to build commitment among employees to outpace its competitors. rnrnldblquote There is a vast difference between fighting with […]
Forced To Fire
All the trade unions represented were informed early last year of the inability to continue production beyond end 2001, due to extremely low levels of new orders, company said. rnrnAccordingly, company has offered the entire workforce a Volunteer Retirement Scheme worth up to 40 months salary, which will result in some employees drawing close to […]
Build More
ldblquote The budget will unveil many concessions for housing projects and other construction activities. This sector has been on a downward spiral for many years dblquote , Minister Bandula Gunawardene said. rnrnldblquote Investment in the construction industry has a multiplier effect on investment in the economy as a whole. It creates employment for all sectors […]
Small Blessings
The announcement is expected within the next few days, which will reduce premiums to 0.0025 percent from the present 0.005 percent of the hull value on vessels calling at the Colombo Port, Sri Lanka Ports Authority Chairman, Parakrama Dissanayake said. rnDissanayake said the war risk committee headed by Lloyds of London had stopped short from […]
Unshackled
The government plans to set up a Revenue Authority to streamline the collection of taxes, customs and excise duties.
Maldivian Touch
The company recently joined forces with Serendib Leisure Management to acquire Hotel Sinbad in Kalutara. rnrnFollowing a Rs. 90 mn joint investment, the hotel was recently upgraded, pitching themselves now as an all-year round water sports destination. rnrnSituated an hour quote s drive away from Colombo, the hotel has attracted a large number Sri Lankan […]
Call Through
Anura de Silva, iOnosphere quote s CEO told Lanka Business Online that the new buyers paid lquote a little over Rs. 500 mn for the company quote . rnrniOnosphere, began operations last July with a US$ 2.5 mn investment to provide high end internet services. A further US$ 1.5 mn was expected to come in […]
Calling Home
Interested operators will get a subsidy of Rs. 50,000 per payphone. rnAn individual operator will be entitled to the subsidy for a maximum of 25 payphones subject to a limit of 100 units per district. rnThis subsidy will be available across all 25 districts and will be available to all payphone operators, TRC quote s […]
Open Sesame
The Fund quote s Executive Board would decided when to release the balance funds, once it evaluates the budget proposals for fiscal reforms that are mainly aimed at lowering the deficit, IMF quote Jeremy Carter said in an interview today. rnrnThe balance is likely to come in two equal tranches, one immediately after the budget […]
Not Yet
Referring to our recent story on JKH, Fitch says: ldblquote The report gives the impression that the meeting between JKH management and FRL analysts was related to impending rating decision with regard to the ldblquote Rating Watch quote currently placed on the company quote s SLAAA rating.Although lquote Rating Watch quote does indicate the possibility […]