Author: lbostgadmin
Telecom: Super Regulator and new law firm
Economic Reforms Ministry is seeking a consultant to draft laws for a super regulator for telecom, cable and broadcast media.The call for Expressions of Interest went out on Friday after the Mass Communications Ministry announced plans to set up the super regulator.rn rnThe planned legislation will create a competition centered, transparent and simple regulatory framework, […]
SLT to buy Telstra stake of Mobitel
Sri Lanka Telecom has agreed to buy out the foreign shareholder in its associate company, Mobitel for 9.6 million dollars.Australian telecom giant Telstra, which owns a majority sixty percent stake in Mobitel, will sell the stake to SLT who owns the balance 40 percent stake. rn rnIndustry watchers say the two companies have already signed […]
Invest in people
Most of the successful companies, which have developed global brands have come from the US, and Europe where there is a bigger emphasis on talent and intellectual assets.rn rnThe Developing World has very few brands, which go global compared to countries like America and Japan. Being competitive in the local market and creating something of […]
The cost of industrial waste
Haycarb, an industrial waste management company, is saving millions in electricity bills every year. The company is a world leader in the activated carbon business.Small carbon pellets produced by Haycarb are used as a purifier of gas and water. Its also in high demand in the mining industry. But activated carbon is a messy industry. […]
Logica wins RTGS for the Central Bank
UK based Logica Ltd. has won an international competitive bid, to implement a Real Time Gross Settlement (RTGS) and a Scripless Securities Settlement system for the Central Bank.rnrnThe mammoth 9 million dollar deal will be funded through an existing 30 million dollar World Bank loan awarded for Central Bank reforms.rn rnBacked by nearly 25 years […]
Lap One
The Science & Technology Ministry sent out calls on Friday for a consultant to lay the groundwork for a telecomm and ICT regulator.Under the procurement procedure, the consultant has to write out the terms of reference or TOR for the new super regulator.rn rnThe TOR will set the base for another consultant to draw up […]
Inter-Connect
Sri Lanka Telecom on Friday sealed a deal to buy out Telstras 60 percent stake in cellular operator Mobitel.SLT currently owns 40 percent of Mobitel, which is worth around Rs.188 mn.rn rnSources close to the deal said SLT drove a hard bargain to pick up the remaining parcel at around US$ 9.6 mn.rn rnDespite signing […]
High Roads
Officials say a breakthrough in discussions with the Board of Infrastructure Investment (BII) is imminent, with the deal being finalised as early next week. rn rnWork on the highway began on a design and build basis two years ago by a Korean based construction company Keangnam, on a Treasury allocation of little over Rs. 10 […]
Laser Eyes
The Mass Communications Ministry on Thursday announced plans to set up a super watchdog to regulate telecomm, cables and broadcasting industry.The new legislation will create a competition centered, transparent and simple regulatory framework, which will be debated in parliament by early 2003, Mass Communication Minister, Imthiasz Bakeer Markar said in a statement.rn rnBy covering the […]
Boarding Fees
The Telecommunications Regulatory Commission has picked an Australian based law firm to map out a fresh route to interconnect between operators.The TRC said Arculli and Associates, a Sydney based law firm operating out of Hong Kong, has been selected for its experience in corporate, technology and communications spheres in the Asian Region.rn rnFunded through an […]
Number Game
Also referred to as the Fiscal Responsibility Act, a finance minister is also bound to make mid/final year budget and fiscal position report.rn rnWhile the new law prevents the misuse of public funds, it also exposes the impact of vote catching election proposals on the exchequer.rn rnElection manifestos of major political parties will go before […]
Doing IT Right
Hewlett-Packard (HP) is sprucing up its position in Sri Lanka to pitch for state and other large ICT initiatives, with a number of proposals already handed in. The company believes it is ideally positioned, especially with its merger with Compaq in May 2002, to support large IT oriented projects.rn rnHP and Compaqs presence reaching most […]