All Blogs
Mock Runs
The Central Bank plans to start mock runs for scripless trading on government securities next week after parliament approved the legislative amendments.Deputy Superintendent Public Debt, Dr.W M Hemachandra says trial runs for market participants starts off on Dec.9, with live runs schedule to take place at the end of January.rn rnAmendments to the Registered Stock […]
New Cap
Prof. Priyantha Wijayatunga will takeover as the Director General of the newly minted Public Utilities Commission from Dec.8.Wijayatunga is currently the Dean of the faculty of Information Technology attached to the University of Moratuwa.rn rnThe Public Utilities Commission regulates key sector like ports, airports, petroleum, water, highways and roads. rn rn
Switching Networks
Sri Lanka Telecom is expected to come out with a price tag for Lanka Bell next week, after concluding a due diligence on the small fixed access operator.The incumbent operator has been actively pursuing Lanka Bell and slipped an engagement ring for a due diligence study in October.rn rnSLT is asking full control or at […]
The Point Is’85
Consolidation in the financial sector over the last few years has resulted in small banks that were struggling for survival being taken over by the larger players. Banking sector analysts say the trend will continue leaving half a dozen banks dominating the financial landscape.rn rnBut it is not just the banking operations that are seeing […]
Natures Reward
The Association of Chartered Certified Accountants of the UK introduced their environment and social sustainability reporting awards to the country recently.ACCA says both listed and unlisted companies can submit their annual reports for the first awards starting next year.rn rnThe awards system comes on the back of growing pressure from stakeholders for greater disclosure in […]
’85
Consolidation in the financial sector over the last few years has resulted in small banks that were struggling for survival being taken over by the larger players. Banking sector analysts say the trend will continue leaving half a dozen banks dominating the financial landscape.rn rnBut it is not just the banking operations that are seeing […]
Glorious Colombo
Prime Colombo land including the Colombo port should be available for private sector developers according to a Colombo City Master Plan to be unveiled soon. The first land to come up for private sector development is however a nine-acre plot in Colombo Fort for commercial development.rn rnIt is not unusual for old buildings to be […]
New Case
The Telecommunications Regulatory Commission (TRC) has filed a fresh petition against Mobitel (Pvt) Ltd in Fort Magistrates Court on Friday, with summons returnable on December 10.TRC withdrew its case from Colombo Magistrates Court on the same day.rn rnSoon after the withdrawal Mobitel said in a statement that: ldblquote The withdrawal by the Attorney Generals Department […]
Four Stars
A four-member team from Sri Lanka Insurance Corp.s technical partner ING, started work this week to give the former state insurance giant a facelift.The team will initially give tech support for re-insurance, product development, actuarial services and IT, SLIC Director Damien Fernando told Lanka Business Online.rn rnldblquote They started work on Monday and will be […]
Lazy Stroll
lquote Nature tourism is still slim business. An expensive niche; But a steadily growing market for eco-tourism are where top hotel chains and other blue-chip conglomerates are fast putting their dollars.An ancient drum roll away from King Kashyapas Sigiriya is a 24-acre stretch of abandoned rice paddies. Nestled into the land and overlooking a vast […]