Category: Industry
Sea Battle
IPBCC or India Pakistan Bangladesh Ceylon Conference, which represent 14 regional shipping lines, informed the Ceylon Shippers quote Council (CSC) last month of plans to raise levies by US$ 300 and US$ 600 per 20-foot and 40-foot container, respectively. rnrnThe increase will be applicable for UK continent, Baltic, Mediterranean and Scandinavian destinations. rnrnHowever, last Thursday […]
Take Less
ldblquote Sri Lanka quote s cash reserve requirement should be reduced to at least 5 percent from the current 10 percent.We have one of the highest cash reserve requirements in the world, which significantly increases the intermediation cost in the financial sector dblquote , notes Mangala Boyagoda CEO Standard Chartered Bank and a key figure […]
Uneconomic Crime
ldblquote The aim is to make economic crime, uneconomic for the perpetuator and make him go elsewhere for his activities dblquote , says Prof. Barry Rider addressing a forum on Money Laundering organised by the Securities & Exchange Commission. rnrnHe called for proactive policing strategies and increased use of state intelligence resources to continuously monitor […]
Call Completion
Expo Lanka expects to earn around US$ 3.6 mn or Rs. 360 mn during the first year of operating the call centre, based on 75 percent capacity utilisation for the service stations. rnrnThe text based customer inquiry centre for Microsoft and AOL with 35 service stations would be the first of a series of call […]
Unbundling Call
The telecom giant is looking at decentralizing more power to some of its key units and spinning off profitable operations like SLTnet. rnrnThilanga Sumapithapala told Lanka Business Online that SLT is looking at giving the consultancy to either Ernst & Young or PriceWaterhouseCoopers. rnrnldblquote We will see who [which consultant] will give us the best […]
Off The Album
In a statement to the Colombo Stock Exchange, Hayleys Photoprint says Hayleys Ltd has offered Rs. 16.00 per share to buy up the remaining shareholders. rnrnHayleys Photoprint says the decision to de-list is subject to the SEC quote s and shareholders approval. rnrnThe company is having an EGM on March 21 to discuss the issue, […]
Healthy Truce
ldblquote Many patients in the North and East provinces were earlier prevented from travelling to Colombo for private medical facilities.Ongoing peace process will boost the numbers for the private sector healthcare due to freedom of movement dblquote , notes Dr. Neville Fernando, Managing Director Asha Central Hospital. rnrnAsha Hospital, which accounts for almost 25 percent […]
Forced To Fire
All the trade unions represented were informed early last year of the inability to continue production beyond end 2001, due to extremely low levels of new orders, company said. rnrnAccordingly, company has offered the entire workforce a Volunteer Retirement Scheme worth up to 40 months salary, which will result in some employees drawing close to […]
Guerrilla Commitment
Dr. Travis Perera, Human Resource Management Consultant for PIM quote s MBA programme, in his presentation titled ldblquote Strategies through Human Resource Development climate dblquote at CIMA Students quote Conference held last Saturday said organisations should strive to build commitment among employees to outpace its competitors. rnrnldblquote There is a vast difference between fighting with […]
Small Blessings
The announcement is expected within the next few days, which will reduce premiums to 0.0025 percent from the present 0.005 percent of the hull value on vessels calling at the Colombo Port, Sri Lanka Ports Authority Chairman, Parakrama Dissanayake said. rnDissanayake said the war risk committee headed by Lloyds of London had stopped short from […]
Maldivian Touch
The company recently joined forces with Serendib Leisure Management to acquire Hotel Sinbad in Kalutara. rnrnFollowing a Rs. 90 mn joint investment, the hotel was recently upgraded, pitching themselves now as an all-year round water sports destination. rnrnSituated an hour quote s drive away from Colombo, the hotel has attracted a large number Sri Lankan […]
Call Through
Anura de Silva, iOnosphere quote s CEO told Lanka Business Online that the new buyers paid lquote a little over Rs. 500 mn for the company quote . rnrniOnosphere, began operations last July with a US$ 2.5 mn investment to provide high end internet services. A further US$ 1.5 mn was expected to come in […]