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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 […]
Rolling Cable
The government is pushing through plans for lquote Visva Grama, a project to roll out modern ICT infrastructure in rural areas. US 0.06 cents charged on each incoming international call minute will feed the fund, one third going to infrastructure providers as subsidies.rn rnInfrastructure providers will bid for the subsidy, with the firm quoting the […]
Hello
The final draft licence for External Gateway Operators (EGO) is due Tuesday, the license fee remains unchanged at US$ 50,000.Operators will also pay 0.3 per cent of revenues annually to the telecom watchdog, the Telecommunications Regulatory Commission (TRC).rn rnFor seven days the draft will be open for public scrutiny from Tuesday, before coming into effect […]
Whos Fault?
Pramuka Employees are accusing the banks auditors KPMG of certifying accounts, which were not true and fair when there were massive accounting frauds. They are particularly concerned about the illegal provident fund.ldblquote The audited accounts pertaining to Pramuka Bank have not portrayed a true and fair view of its state of affairs, dblquote says Sunimal […]
Two Suitors
Two local investor groups are talking to Peoples Bank to give it a badly needed equity injection while the government is seeking donor assistance for further reforms of the bank.The bank, which had its capital wiped out due to bad lending practices in the past, has been looking for up to thirteen billion rupees in […]
Flat Tyre
Selling the remaining seven bus company faced another breakdown, the deadline for applications pushed back once again.Meanwhile, the Public Enterprises Reform Commission (PERC) has set a February 13 deadline to the IBIS Holdings to pay up for the six bus companies.PERC says the buyer has to 60% of the bid price by Feb. 13 with […]