Category: Industry
Money Report Q & A – Hans Wijayasuriya
Though a late entrant to the Sri Lanka mobile Dialog started with GSM, a digital technology, when others were using older analogue technologies.In the run up to Dialog Telekom’s IPO, Shafraz Farook talked to Dialog’s Chief Executive, Dr.Hans Wijayasuriya. The following is a transcript of the interview broadcast over The Money Report, the financial news […]
Going Global
Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue.Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue. A statement is expected from HNB later today. Akbar Poonawala, Head of Global Equity Services at Deutsche Bank was quoted in BusinessWire […]
Growth Plans
Proceeds from the Dialog share issue will fund its future network expansion which will help add some 500,000 more customers to its current base of over 1.4 million users. Proceeds from the Dialog share issue will fund its future network expansion which will help add some 500,000 more customers to its current base of over […]
Laptop Policy
Life insurance provider Ceylinco Life has equipped its field agents with mobile access to its databases, to speed up their liaising with clients.Life insurance provider Ceylinco Life has equipped its field agents with mobile access to its databases, to speed up their liaising with clients. The Rs. 25 million project has equipped some 140 agents […]
Flight Control
The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, for a better handle on passenger protection. The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, […]
One Only
The CFA Institute – the global association which offers the Chartered Financial Analyst (CFA) qualification filed a lawsuit in the Commercial High Court of Sri Lanka this week against ICFAI Education Lanka.The CFA Institute – the global association which offers the Chartered Financial Analyst (CFA) qualification filed a lawsuit in the Commercial High Court of […]
Changing Tracks
Draft changes to the Railways act, that will allow the commuter service to partner the private sector is being finalized before going for Cabinet approval.Draft changes to the Railways act, that will allow the commuter service to partner the private sector is being finalized before going for Cabinet approval. Private sector participation is expected to […]
Nudged Up
Sri Lanka opted to hike its key short term rates by 50 basis points, taking the repo rate up to 8.25 percent. Sri Lanka opted to hike its key short term rates by 50 basis points, taking the repo rate up to 8.25 percent. The monetary board pushed up the repo rate, at which the […]
Credit Check
Sri Lanka opted to hike its key short term rates by 50 basis points to contain further increases in credit to the public and private sectors.Sri Lanka opted to hike its key short term rates by 50 basis points to contain further increases in credit to the public and private sectors. The Central Bank on […]
Getting Creative
Sri Lanka’s micro finance institutions are looking at securitising their lending portfolio as low cost credit lines are drying up.Sri Lanka’s micro finance institutions are looking at securitising their lending portfolio as low cost credit lines are drying up. Sarvodaya, an indigenous non-governmental organization, is leading the way, with plans to raise Rs.100 million by […]
Tourist arrival to Sri Lanka change after the tsunami
Tourist arrival patterns to Sri Lanka show a shift from traditional Western European markets to regional markets after the tsunami. Tourist arrival patterns to Sri Lanka show a shift from traditional Western European markets to regional markets after the tsunami. “Arrivals from western Europe are still down.We are trying to revive them. But arrivals from […]
Better Late?
The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August.The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August. “It is imperative that we increase prices or we will incur large losses.There is no alternative but to pass this on to consumers,” CEB General Manager, […]