Category: Industry
Hot Line
Sri Lanka’s seven telecom operators took a Supreme Court injunction against the ICT Agency on Tuesday, halting a rural telecom network licensing process.Sri Lanka’s seven telecom operators took a Supreme Court injunction against the ICT Agency on Tuesday, halting a rural telecom network licensing process. The ICT Agency is currently taking in applications to pre-qualify […]
Sick Note
Part of the postal department is planning a midnight sick-note campaign, opposing graduate appointments and privatization of 109 communication locales – the government’s idea of a modern post office.Part of the postal department is planning a midnight sick-note campaign, opposing graduate appointments and privatization of 109 communication locales – the government’s idea of a modern […]
Slow Boat
A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south harbour project.A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south […]
Turn Off
Sri Lanka’s nine provincial councils will raise business turnover tax from one percent to five percent on “non-essential” commodities from April 1 to bolster their own revenue.Sri Lanka’s nine provincial councils will raise business turnover tax from one percent to five percent on “non-essential” commodities from April 1 to bolster their own revenue. The list […]
Build It and Give It
SriLankan Airlines will hand over flying to a top European destination to its equity partner Emirates and add frequencies to other destinations on the back of a recent management reshuffle.SriLankan Airlines will hand over flying to a top European destination to its equity partner Emirates and add frequencies to other destinations on the back of […]
Shocking
The Finance Minister says improving financial reporting standards will reduce the strain on the government budget The Finance Minister says improving financial reporting standards will reduce the strain on the government budget Better financial reporting according to the minister will make it possible for justifying restructuring of institutions making losses like the CEB, which is […]
Clean Air
A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency table.A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency table. The reallocation within the 800 MHz […]
Seniors First
The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. “We have quite […]
More Please
Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the end of 2005, but plans to press lenders to extend the moratorium to the end of 2007, the island’s finance minister said on Friday.Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the […]
So, So
Tsunami-battered Sri Lanka on Friday jumped at an offer by the world’s richest creditor nations to freeze its debt payments, but hardest-hit Indonesia was skeptical and said it would be of little help.Tsunami-battered Sri Lanka on Friday jumped at an offer by the world’s richest creditor nations to freeze its debt payments, but hardest-hit Indonesia […]
Ceylinco to tap US markets for money to build Hyatt hotel in Colombo
The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo.The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo. The Sri […]
One Year Breather
Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 on repayment of their debt owed to Paris Club members, the Paris Club said Thursday. Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 […]