Category: Industry
Expensive Business
Business Development Services or BDS are support services offered for SMEs, providing start-up, non-financial assistance. rn rnOver the last 25 years the BDS market expanded rapidly reaching double-digit growth in the 90s, driven largely by the commercial sector.rn rnldblquote The 80s was the decade of the government sector providers, in the 90s it was the […]
Chain Links
A Hayleys tie up with India based TAKE Solutions is building on the need of large companies to cut cost and streamline processes. MPower will leverage this urgent need of the corporate and manufacturing sector to sturdy up, to offer tailor made supply chain management (SCM) solutions to the range of manufacturing and services firms […]
Rough Guide
Ripping open the wild side of the paradise isle, Sri Lanka will stick its spokes into the international world of adventure sports with its first race set for July 2003. Adventure Centre Asia, a Nepalese based company is pitching its tent in Sri Lanka to open up the island for serious adventure sports enthusiasts.rn rnAdding […]
Colombo Plaza
Meanwhile, the Asian Hotels management is working to tie down a new management for the hotel before the end of the year, with invitations for quotations already sent out. rn rnHotel officials are keen on attracting leading international chains to take over and build on the facilities offered at the city hotel. rn rnAsian Hotels […]
Peace Talks
Ending days of cross talk, telecom operators on Saturday said they were firmly behind the governments liberalisation agenda, but had reservations on some parts of its policy.Telecom operators say they fully support multiple External Gateway Operators or EGOs entry, which will cut down international call prices through competition and maximised choice.rn rnIn a joint statement, […]
Coming Out Soon
Government savings giant NSB is in the final stages of getting a credit rating from Fitch Ratings Lanka.National Savings bank with public deposits of over Rs.130 bn is expected to publicly announce the senior debt rating once it is assigned.rn rnThe Banks General Manager Eastman Narangoda told LBR that the rating audit has already been […]
Cooling Off
Tension between key telecom operators and the government eased Friday with both parties forming a working group to iron out issues.rn rnThe working committee will meet on February 13 to untangle issues on local access charges, ways to prevent illegal access and rules to prevent cross subsidies. rn rnMinistry sources said the issue will be […]
Big No
The cabinet has taken a firm stand to disconnect the licence of any telecom operator who refuses to toe in line with the new telecom liberalization policy.At a meeting headed by Premier Ranil Wickremesinghe, cabinet opted to go ahead with its liberalisation policy, which includes the hotly debated interconnection issue, making it compulsory for all […]
Hotline
The upcoming interconnection agenda will pull together a common database of phone numbers, which will be managed by the telecom watchdog.The upcoming interconnection agenda will pull together a common database of phone numbers, which will be managed by the telecom watchdog.The common records will act as the base for networks to provide their customers with […]
U-Turn
The Seylan Merchant Bank (SMB) Group has posted a 122 percent growth in profits after reporting a loss in 2001.The Groups pre-tax profits rose to Rs.11.3 mn for the period ending Dec.31, 2002 from a Rs. 51.7 mn loss in 2001. rn rnThe Banks pre-tax profit grew 104 percent to Rs. 2.2 mn from a […]
Life Support
Life Insurance Corp. of India has secured regulatory approval to start a life insurance unit in Sri Lanka.Teaming up with the Bartleets Group, LIC has invested Rs.100 mn to purely cater to the local life insurance business.rn rnLIC controls 75 percent of The Life Insurance Co (Lanka) Ltd with Bartleets owning the balance.rn rnCEO R […]
I Do
New interconnection policies may require external gateway operators to make minimum traffic commitments with network operators. The Telecommunications Regulatory Commission (TRC), on Friday published the draft interconnection framework, a base document that will guide operators to negotiate charges for accessing and providing access to telecom networks.rn rnThe interconnection framework is the missing jigsaw in a […]