Category: Industry
Buying Space
The telecom regulator is awaiting Ministry approval to allocate two frequency slots in the 1800 MHz range, of three put up for sale. Telecommunications Regulatory Commission (TRC) Director General, Themia Hurulle on Wednesday said that the documentation for the allocations would be presented to the Secretary to the Ministry of Mass Communication during the week.rn […]
Roll Out
Legislature to roll out the e-Sri Lanka initiative is to be debated in Parliament on May 22. Economic Reforms, Science and Technology Minister Milinda Moragoda told participants at the first e-government conference on Friday that the ICT Bill was approved by Cabinet recently and would be debated in Parliament shortly.rn rnThe bill will formalise the […]
Going Once
The first online auction to sell four-digit international short codes for the telecom sector will get under way on May 22, the telecom watchdog said Wednesday.The Information Communication Technology (ICT) firm, who will design and run the auction will be announced on Thursday, picked from proposals submitted in response to the regulators call, Prof.Rohan Samarajiva, […]
Dead End?
Its back to the drawing board for the Colombo Katunayake highway project, facing its latest setback with the imminent pull out of only contender Road Builder Holdings.Last October, Malaysian owned Road Builder Holdings were sole contenders to complete, manage and operate the four lane, 25 km airport highway.rn rnThe biggest snag officials say has been […]
Mooring Point
Sri Lanka Telecom (SLT) will set up its first point of presence (POP) outside the country – in the United Kingdom which generates close to 30 per cent of its international incoming voice traffic. UK is SLTs second largest call generator after India which accounts for nearly half of its incoming traffic. rn rnSLT officials […]
Smooth Talk
DFCC Bank plans to start due diligence work on MERC Bank next week and hope to finalise the transaction within two-months, a top official said Wednesday.DFCC said earlier it was in talks with MERC Bank, with the intension of acquiring it.rn rnldblquote Things are progressing. We have been open about our intensions to get a […]
On Tow
Sampath said its was infusing Rs. 600 mn to Rs. 700 mn to bail out the troubled Union Bank.rn rnThe Sampath led consortium of investors also includes Chinkara Capital of Singapore. rn rnldblquote The recapitalisation/restructuring proposal when implemented, would result in a reconstitution of the appointment of an Advisory Board to oversee its operation, dblquote […]
Long Haul
Qatar Airways is eyeing the European tourist and up-end business and leisure travellers as it tries to play down its traditional focus on Sri Lankas Mid East labour market.ldblquote We want to increase our corporate traffic, widening our wings to fly to more European markets, targeting our corporate and leisure travellers dblquote , said new […]
Com Port
Sri Lanka Telecom (SLT) is looking to increase its non voice revenue streams, a Telecom City on 3.5 acres in Welikada being among them.As a SLT subsidiary, the Telecom City will house a data and call centre and offer the latest communication technology and services. rn rnThe network operator told shareholders that the Telecom City […]
Lantern Trail
Tapping into a niche market of Buddhist pilgrims, the Tourism Ministry is launching plans to package Vesak as an annual event in the industry calendar.In an organised promotion, travel and tour operators are being approached to design new packages for this clientele that will offer them discounted rates, special airfares and accommodation and tours.rn rnldblquote […]
Active Partners
The Asian Development Bank (ADB) on Monday approved a Technical Assistance grant of US$ 500,000 to prepare country driven private sector development strategies for emerging nations. Sri Lanka is among four countries to participate in the programme which seeks to increase the private sectors role in long term growth and poverty reduction.rn rnOther countries to […]
Picking Up
Seylan Banks Group profits have shot up more than 50 percent, for the period ending March 31, 2002.rnrnrnrnrnrnNew Page 1rnrnrnrnrn rn First quarter Group profits for the periodrnending March 31, 2002rn rn rn rn rn rn rn rn rn