All Blogs
One-to-One
The Telecommunication Regulatory Commissions case against cellular operator Mobitel Private Limited at Magistrates Courts is to be called again on December 18, allowing time for dialogue between the two parties. Industry officials say the telecom watchdog and Mobitel representatives are to meet Wednesday evening to pursue a settlement for the dispute.rn rnIt is understood that […]
Saving Face
Starting off talks on environmental conservation the World Conservation Union (IUCN) called for a change of attitude among conservationists and corporates to enable sustainable development in Asia. The IUCN conference on regional conservation issues kicked off its first session in Colombo on Tuesday laying emphasis on the role of businesses and industries in environmental conservation.rn […]
Flight Delay
Friction between the President and the Premier has pushed back a December deadline to offer private investors a stake in the Bandaranaike International Airport.Privatisation of the Bandaranaike International Airport has been on the cards as a phase three of ongoing expansion efforts, on the basis of a private-public partnership.rn rnThis includes expansion of the terminal […]
Cloud No. 9
Dubai based Emirates Airlines will invest US$ 1.8 bn into glamorising its new fleet of Airbus 340-500s as it revamps its long-haul flights.The service began December 1, when 14-hour non-stop flights to and from Sydney, Australia took off, with plans to fly to North America (New York) from 2004.rn rnThe new aircraft carry 12 First […]
No Problem
The first test run of the Central Banks Scripless Securities Settlement System (SSSS) went thought without a hitch on Tuesday.The first set of firms participating in the test routed routine transactions through the system, parallel to their present manual trading process.rn rnThree more groups will test the system in the coming weeks, facilitating a pre […]
Calling Bell
Sri Lanka Telecoms efforts to take over Lanka Bell got delayed by over a week, but the incumbent operators team negotiating the deal say they have secured commitments to sell for up to 75 per cent of the wireless operatoration. rnrnSLT was to finalise a price for the stake in Lanka Bell at a Board […]
Mix and Match
The Govt., the World Bank and the Asian Development Bank are preparing a survey on the investment climate in Sri Lanka.The survey will help policy makers address impediments to investment including legal, policy and institutional reforms.rn rnThe exercise forms part of a regional effort to attract more investment and promote information sharing between the countries. […]
Coming Soon
Central Bank Governor A S Jayawardene says it is a prudential requirement, which increases transparency and accountability.rn rnSo far a handful of local banks have gone public with their credit ratings from Fitch Ratings Lanka Ltd.rn rnOf the few, Citibank NAs local arm and National Savings Bank sports a SL AAA rating from Fitch. Citibank […]
Get Closer
In a statement late Friday, the Sri Lanka Accounting & Auditing Standards Monitoring Board (SLAAMB) says the Ceylon Theatres Group failed to consolidate Lanka Ceramics financial statements during the financial years ending March 31, 2002 and 2003.rn rnThe auditors have qualified their report in this respect, SLAAMB says. rn rnldblquote Users of the financial statements […]
Tele-Learning
Despite an over 90 percent literacy rate, Sri Lanka ironically enough, still ranks among the lowest in the world in terms of access to higher education.rn rnThough 200,000 people sit the A/L exam every year, only about 90,000 qualify and just two-percent actually enter the hallowed halls of learning.rn rnThis is as against regional average […]