All Blogs
EGO Problems
Telecom operators have ganged up to lobby against the draft External Gateway Operators (EGO) licence published for public comment earlier this week. Senior telecom officials quote representing all seven operates met Friday to device a strategy against the draft licence prior to the deadline for public comment set for January 27.rnrnOfficials say that the draft […]
Great Expectations
Dubai based Emirates Airlines on Thursday unveiled massive new expansion plans to add new aircrafts and extra routes.This year it will add a record 11 new aircraft to its fleet and increase seating capacity by 25%, allowing it to start four new routes, add more flights on many current routes and launch radically new inflight […]
Helping Hand
State run Peoples Bank plans to use its extensive pawning network as broader base to popularise micro finance activities throughout the country.With technical help from the German Technical Cooperations Rural Banking Innovations Project, the bank has todate lent over Rs. 350 mn since 1998. This makes it one of the largest public banking institutions in […]
Buying Time
Distressed depositors of Pramuka Bank on Thursday secured a stay order to stop Central Bank from liquidating the failed savings and development bank.Thursdays court ruling prevents monetary authorities from going ahead with liquidation procedures until February 21.rn rnDepositors claim that Central Bank cancelled Pramukas licence without taking the interest of depositors or creditors.rn rnThe petitioners […]
System Check
Change is in the offing to revamp a highly criticised public sector with a top-level Administrative Committee appointed by the Premier, pushing for a series of reforms.rn rnAmong the key changes being suggested is a re-look at salary structures for government workers endash the removal of upper salary limits and doing away with a uniform […]
Grama Seva
Regional telecom firms could come into play under a state proposal to propagate communication facilities in rural villages. The regional licences will give firms a mandate to set up telecom networks in villages and access to monies from the lquote Viswa Grama programme, a state authored proposal to create communication facilities in areas with little […]
Members Only
New subjects are making their way into CIMA Sri Lankas curriculum, including fashion tips, social dancing and opportunities for networking. All the new subjects will however be limited to members signing up with the CIMA Business Club launched Tuesday.rn rnThe Club and its website (www.cimabusinessclub.com) is expected to provide passed finalists an opportunity to interact […]
Goodbye
The Board of Investment (BOI) is looking to trim up to 50 percent of its workforce with a voluntary retirement scheme doing its rounds among staff.rn rnFollowing the BOI Act that was passed in Parliament in December last year, the country quote s main investing arm is being restructured – split up into five Regional […]
Baton Change
Pramuka Banks key shareholders on Monday evening gave the Janashakthi Group the mandate to look at the possibility of resurrecting the troubled development and savings bank.Janashakthi is currently the largest Pramuka shareholder controlling 13.5 percent in the name of the National Insurance Corporation (NIC), and Acland Holdings Ltd.rn rnJanashakthi Capital, who will handle Pramukas affairs, […]
Calling Out
Local payphone operators Tritel were given a subsidy of Rs. 1.3 mn Monday to set up pay phones in rural areas outside the Western Province.At the rate of Rs. 50,000 a unit, this is part of an existing subsidy scheme launched last year by the Telecom Regulatory Commission (TRC) for all pay-phone operators.rn rnInitially, a […]