Category: Industry
Abarthu.Com
Lanka Service Network or lquote JobsNet quote is built around a database of job seekers, employment providers, NGO quote s and training centres. rnrnThese are linked to service outlets set up in each of the country quote s 24 districts that will assist in job placements or access to information in Sinhala, Tamil or English, […]
Job Security
Sri Lanka Insurance Corp. (SLIC) unionised workforce plans to strike a pact to prevent employees being retrenched after the corporation in privatized this year.rn rnThe move comes after SLIC quote s 3,000 odd workforce got jittery after the government announced plans to divest up to 90 percent of the insurance giant. rnrnChairman Chrisantha Perera told […]
Cross Connection
Cellular operators have been asking for a Rs.2.00 tariff increase to offset network expansions and rupee depreciation costs. rnrnThe operators wrote to the Telecommunications Regulatory Commissions (TRC) last November, seeking a tariff revision, but the then Director General of Telecommunications, R D Somasiri failed to respond to their requests. rnrnIn April the situation came to […]
No Queues
Customers who maintain a balance of at least Rs.5 mn or US$ 50,000 in current or savings accounts, foreign currency accounts or deposits are eligible to become Priority Banking customers and receive numerous privileges offered at the Priority Banking Centre at No 1 Union Place, in addition to all the normal facilities available at their […]
Marathon Cabinet Run
A record thirty-six bills are to be passed by parliament in August and September covering the financial sector, utilities regulation, the monetary authorities and fiscal management. The first of these bills will be presented for Cabinet approval with in the next two weeks and will be put before parliament starting next month. rn”The Prime Minister […]
Stitch In Time
Diversifying its services in Sri Lanka while avoiding a future drop in its mainstay business, DHL will venture into the logistical and supply chain industry.Today DHL launched, China First, a concept were a manufacture can import goods from the East Asian trading giant and ship it to anywhere in the world all in one invoice […]
Networking Lanka Inc.
rnThe project will be funded entirely by the private sector, with Bartleet Group subsidiary BC Computers being the principal sponsor.rn rnA new joint venture company between the government and BC computers lquote eServices Lanka quote , funded by the private sector, was set up to operate the gateway.rn rnThe Commerce and Consumer Affairs Ministry will […]
Sailing South
Southern Region Development Minister, Ananda Kularatne told a media conference that the firm will carry out the feasibility studies over a six-month period without billing the Sri Lankan government. rnHe said the government was keen to establish a southern port, which is only a few miles away from international shipping lanes. rnKularatne estimated 36,000 ships […]
Off The Grid
The Public Enterprises Reform Commission quote s (PERC) Director General Deepal Gunaratne says twelve preliminary Expression of Interests were submitted, when the deadline closed Monday for twelve regional and one cluster bus company. rnldblquote We will shortlist investors based on the information provided and ask them to submit their financial bids detailing their business proposal, […]
Dollar Funding
CEO Amitha Gooneratne told Lanka Business Online that the bank has already floated the idea with the Central Bank, the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission. rnrnldblquote They [the regulators] accepted the concept, but we need to get formal board and shareholders approval through an EGM before we proceed, dblquote Gooneratne […]
Clean Start
Instead, corporations should take an immediate stock of the current position, update arrears up to 2000 and submit details to the parliament quote s library by Dec.31, 2002, Treasury Secretary Charitha Ratwatte said Monday. rnrnFrom 2002 onwards, all state institutions should table their annual accounts before parliament not later than Dec. 31, 2001, he said. […]
Long Term
Hatton National Bank (HNB) will issue Sri Lanka quote s first ten-year private sector debt instrument as part of its Rs. 2bn unsecured debenture.