Author: lbostgadmin
IT Expedition
Still in its infant stage, GeneSys is waiting for the auspicious moment in August when the Telecommunications Regulatory Commission will formally declare the reformed IT and Telecom Act, to launch a flurry of communication services here and abroad.rn rnThe company quote s focus areas will include payphone and prepaid-card platform development, cable TV network design […]
Cleaning Up
The introduction of the Code of Best Practice for Audit Committees will require auditors to be more transparent with their fees, and the reporting of conflicts of interest with the management. rn rnThe Institute believes that this will enable the audit committee to differentiate audit work from the other services rendered. rn rnThe Code, despite […]
Strategising
Brokers say that the buyer is looking for a strategic stake in Richard Peiris and perhaps the management of the company.rn rnThe trade propped the benchmark All Share Price Index by 0.44 points to close at 618.29.rn rnThe Milanka Price Index closed 1.8 points higher at 1034.67 at the close of trading. rn rnTurnover was […]
Off The Runway
Capitalising on the recent peace dividends, SriLankan Airlines plans to step up its recruitment drive and scout the second-hand aircraft market to lease two Airbuses and a smaller passenger aircraft this year, the national carrier quote s CEO said today. rnrnThe carrier also hopes to swing back to a profit in the present fiscal year […]
Outward Bound
Maldives has been identified as a potential base for overseas students, with the Maldivian government making inquiries as to the ways their students can enter the local system. rnrnldblquote The potential is there to position Sri Lanka as a seat of learning, attracting foreign students and bringing foreign exchange into the country dblquote , Minister […]
Education – The Way Ahead
Two days of active dialog by the stakeholders in the education sector concluded last Sunday, having identified the misgivings and strengths of the system. rnrnrnrnrnrnA number of eminent educationalist parted their experiences and views at the conference. The papers presented at the rnconference are listed below.rn National Education Conference – A Note By The Organisersrn […]
Going Places
This achievement follows a concerted sales and marketing effort which saw the station move up seven places from 11 position last year.Ahead of Colombo in terms of sales of Emirates Holidays DSF packages this year, are Tehran, Nicosia and Istanbul. rnrn”This is a very commendable performance, especially in the context of the size and level […]
Free Flowing Tea
Existing regulations restrict the import of teas for blending and re-export and specialty teas including green tea and CTC teas. Processed tea imports, black or green, Orthodox or CTC, whether in bulk or packaged form can only be imported subject to a 25 percent tariff duty.The joint committee recommendations are for allowing orthodox tea imports […]
Reformists Rule
The Chamber believes that the re-introduction of private sector managed schemes would increase the benefits to its stakeholders and the capital market.rn rnSome private sector officials say that allowing private sector participation would introduce competition to the two government sector funds, which would lead to better returns and management of funds. rn rnAs an initial […]
Fuss Over Nothing
The analysis follows the long standing criticism that commercial banks resort to parate executions extensively, killing the entrepreneur sprite in the country.rn rnThe study which looked at a three year period states that banks initiated parate executions only as a last resort when restructuring and rehabilitation of the loan failed. rn rnThe Central Bank also […]
Lifeline
ldblquote We are looking at raising another Rs.680 mn through private financing, mostly through preference shares and equity, dblquote Apollo Hospitals Group Chairman, Dr.Prathap C Reddy told Lanka Business Online in an interview last evening. rnrnThe funds would go towards part financing the Rs. 3 bn 500-bed hospital in Colombo, which is due to open […]
Money Cleansing
rnMinister Bandula Goonerwardene at the Cabinet press briefing today said the government hoped to utilize the funds to boost local investments. The proposed Inland Revenue Special Provision Act, which will declare a 18 month clemency period to invest previously undeclared funds through capital investments in formal businesses.rn Prospective investors will not face penalties or taxes […]