Author: lbostgadmin
Three Year Truce
The two agreements will lay a foundation on which future growth plans can be built, CEAT-Kelani Associated Holdings Managing Director V. Sekhar said. rnrn”With active technology support and assistance from CEAT India, the CEAT tyres in Sri Lanka have been re-designed for enhanced performance and coupled with an aggressive pricing strategy. CEAT-Kelani is now poised […]
Fast Track
SLT has tied up with Alcatel to upgrade its network with ADSL or Asymmetric Digital Subscriber Line technology, amid mounting demand for speedy data and Internet services. rnADSL turns ordinary telephone lines into high-speed digital channels and allows access to the Internet and multi-media services at up to 10 times the speed achieved across copper […]
Ripping Spree
An lquote anti-piracy strategy quote is on the cards as a counter offensive to pirating, promoting fair market access and adequate copyright laws. rnrnWatchdog arm of the Recording Industry Association of America (RICCA), the IFPI, an international organisation battling music piracy worldwide, has turned its efforts to Sri Lanka. rnrnThe organisation quote s Regional Coordinator […]
Cutting Tape
Cabinet spokesman Prof. G L Peiris announced that a decision to this effect was taken yesterday, allowing private operators re-enter domestic air travel. rnrnMeanwhile, in a shift of policy, the opposition members from across the floor will from now on be elected to chair the Public Enterprise Committee and the Public Accounts Committee. rnrnOpposition MP […]
Legal Liquors
Tea imports into Pakistan fell by 12 percent in the first quarter this year to stand at 29.9 mn kilos. The lowered volumes mirror a booming market for smuggled tea, with as much as 30 mn kilos entering the country through illegal trade channels.Seizing opportunity, as one tea broker said, this could be the ideal […]
Limping Back
Capitalising on the recent peace dividends, SriLankan Airlines is looking at the possibility of recommencing domestic air services to the North. rnThe airline quote s technical team together with the Civil Aviation Authority officials will fly to Jaffna tomorrow to assess the ground situation, SriLankan said. rnrnSriLankan Airlines has shown signs of a rapid recovery, […]
Six Stars
The recent hike, effective from April 1 has put hotels into a separate category, at a rate of up to Rs. 10.90 per unit of electricity. rnrnThis is over and above the previous net tariff rate of Rs. 5.44 a unit. rnrnHotels have been classified under the industrial tariff category since 1994, providing hotels with […]
Sea Battle Continues
In early March the WRS was completely scrapped by the London Lloyds quote War Risk Rating Committee, following heavy diplomatic lobbying and an independent security audit on Colombo port. rnrnAll members of the India, Pakistan, Bangladesh, and Ceylon Conference (IPBCC) have scrapped the WRS on the Colombo/Europe route, but some members continue to charge it […]
Learning On Screen
Widening the local education base, international governing body Edexcel is moving beyond the London O Level and A Level to make inroads into vocational education.
Tea and Mouse
Software Developers E-Business Labs has entered into a Memorandum of Understanding (MOU) with industry apex body, the Colombo Tea Traders Association (CTTA). A mock system is to be developed within the next eight months to work through teething problems and pitfalls before possible implementation, CTTA Chairman, Mahen Dayananda told Lanka Business Online in an interview. […]
New Look NDB
NDB is also planning to diversify its leasing business to under-banked Maldives with the expectation of boosting its forex earnings. rnrnldblquote We will be the first leasing company in Maldives, which is a dollarised economy. If the tourism industry recovers in the near future, there would be a wide scope for the leasing business dblquote […]
Dressing Up
A steering committee set up under the aegis of the Finance Ministry is also scouting for restructuring expertise to help guide the process. rnldblquote The restructuring proposal has been sent for cabinet approval. Once the government quote s direction is clear, we will get an investment banker in to do a valuation, dblquote SLIC Chairman, […]