Full Throttle

The government
quote s residual stakes in sugar plantations have been completed. Preparation work on disposing minority stakes in Lanka Marine Services (LMS), Shell Gas Lanka Ltd and National Insurance Corp. (NIC) are progressing as schedule.

rnrnldblquote We are hopeful that we can conclude these three deals by end June or so,
dblquote Chairman P B Jayasundara told Lanka Business Online in an interview today.

rnrnSLT endash Star Attraction
rnrnJayasundara said work on Sri Lanka Telecom
quote s (SLT) long delayed public offering is speeding ahead and the government hopes to list the entity by year-end.

rnrnThe telecommunications industry itself is undergoing some major changes. A new National Telecom Policy will come into effect by August and the Telecommunications Regulatory Commission
quote s Act is being revised to keep in line with modern trends.

rnrnSLT itself is undergoing some structural changes to brace itself to face the competition when its international voice monopoly ends in Au