Author: lbostgadmin
Changing Watchdogs
The ex-state minister is tipped to re-ignite the lost spark of the TRC. rnrnMeanwhile, Somasiri would be retined as a consultant on telecom reforms.
Choppy Ride
The 0.1 percent tax will be slapped on travellers cheques, certificates of deposits and current account balances over Rs. 10,000. rnrnBut the Bankers Association warned of teething problems, as its members had to change their software to accommodate the changes. rnrnldblquote It will not be a smooth change over from day one, dblquote warns the […]
Home Banking
Marking their first year in operations, Ceylinco Savings Bank commenced a home banking unit.
Trinco Grand Prix
The developers of Sri Lanka quote s first purpose built racetrack Speed Lanka (Pvt) Limited aspire to build a Formula One track in Trincomale around 2008.rn rnCompany officials are betting on the success of the purpose built track at Pannala, which will be developed to Formula Three standards by 2004, and the invitation by Premier […]
Crossroads
Opening the two-day parley, Central Bank Governor Amarananda Somasiri Jayawardena said the 27-year old clearing system is at the cross road and its eight member countries need to map out an action plan chart its course, to keep in line with global developments. rn”We have to decide what we are going to do in the […]
Air Jaffna
Expo Aviation (Pvt) Ltd., is pending Civilian Aviantion Department (CDA) approval this week to carry 87 passengers to Jaffna everyday on its Russian-built, IL-18 aircraft.rn rnldblquote A Proving Flight was scheduled for today, but had to be postponed as figher fighting facilities were not available at Jaffne. A Fire Fighting truck has been despatched from […]
Quality Control
The Joint Airworthiness Requirement endash 145 (JAR endash 145) will make SriLankan Airlines an Approved Maintenance Organisation.rn rnThe certification issued by the Joint Aviation Authority will enable SriLankan Airlines to market its lquote C quote Checks or heavy maintenance checks to other commercial airlines. rn rnC Checks is a routine heavy maintenance checks on Airbus […]
Colombo Venue
Held for the first time in Sri Lanka, the forum brings together donor countries and lending agencies. rnrnUnlike the earlier Paris Aid group meetings, the parley is not a pledging conference. rnrnThe government will present the second draft of its Poverty Reduction Strategy Paper (PRSP), which will highlight possible areas for donor funding. Another document, […]
Full Throttle
The government quote s residual stakes in sugar plantations have been completed.Preparation work on disposing minority stakes in Lanka Marine Services (LMS), Shell Gas Lanka Ltd and National Insurance Corp. (NIC) are progressing as schedule. rnrnldblquote We are hopeful that we can conclude these three deals by end June or so, dblquote Chairman P B […]
Divide and Conquer
SLT officials failed to disclose the number of entrants, but said they had received a very favorable response from leading consulting firms.rn rnSenior officials added they had not decided on a time frame for the restructuring process but would be finalizing the implementation process soon after the shotlising of consultants was completed.rn rnMeanwhile, industry sources […]
Nine eye Club Bentota
Managers to the sale DFCC Bank said the nine parties have time till June 3 to submit their proposals for the 150-bedroom property, which was earlier known as Robinson Club, Bentota. rnThe selected candidates includes, Confifi Management with Cino Lanka (of Kundanmal Group); Willam Bogstra with a group of Austrian investors; Serendib Leisure, Aqua Sun […]
Cargo Routes
However, with commercial airlines boasting a larger cargo capacity than traditionally, SriLankan is also considering the alternative option.rn rnThe air cargo industry took a hit with the global recession, but new projections have put industry growth at over 6.4% in the next 20 years. rn rnIntra-Asia will lead the way with growth of 8.6% per […]