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Calling Rural Folk
Plans to set up the fund are included under the new National Communications Policy that will replace the National Telecommunications Policy.rn rnSpeaking at Wednesday quote s seminar on Infrastructure Policy Reforms organised by the Ceylon Chamber of Commerce, Telecommunications Regulatory Commission (TRC) Director Palitha Gunawardene says more high level planning is required to see the […]
Dual Options
The Central Bank is tipped to use more than one investment bank in its quest to raise US$ 350 mn via debt for the country.Around 12 international investment banks and international debt arrangers had earlier made some 40 proposals on how best to structure the issue.rn rnBut the list has now been narrowed down to […]
Private WWW
In the offering is a private realm for corporate entities over the world wide web, which they could use to send and receive data, make telephone calls and have access to any point connected in the VPN.rn rnThe benefit – low cost, anywhere any time access and secure voice and data transmission within the realm.rn […]
Another Breakdown
The government once again shelved plans to dispose 13 state run bus companies on the Colombo Stock Exchange until further notice.rn rnrnThe Public Enterprise Reform Commission (PERC) said Monday the divestiture of a 39 percent slice in the 13 transport companies has been put off.rn rnA petition filed in court against the transaction, pointing out […]
Extended Coverage
FRL said the rating is for Singer quote s Rs.300 mn unsecured redeemable debenture programme commencing 2002-5.rn rnLast Wednesday, Singer said it was raising Rs. 300 mn via a three-year debenture to retire high costs of short-term debt.rn rnSL A rating denotes a low expectation of credit risk. The capacity for timely payment of financial […]
Fund Raising
Upcoming leasing specialists, Allied Finance has raised around Rs. 100 mn by securitising part of its Rs. 600 mn leasing portfolio. rn rnSecuritisation pools together a group of receivables from financial assets. A trust certificate or a fixed income instrument is then issued to investors based on the strength of the cash flows. rn rnThe […]
BuzzingOA
Final touches are being put in place while being tested across a number of computer devices that supports the software DotNet, is expected to hit the shelves in mid 2003, with a host of new applications and with wider multilingual capabilities.rn rnMeanwhile, the company is also looking at restructuring its licensing policies to cater to […]
Dollar Bond Update
Central Bank is expected to submit a shortlist of investment bank proposals for the monetary board, to raise a dollar loan for the government.Four global investment banks have been short-listed out of twelve applicants to raise US$ 350 mn for the government in the overseas financial markets. rn rnThe shortlist will be presented to the […]
Brand Excellence
The islands top brands will be recognized in the first ever brand awards by the Institute of Marketing.Organizers say the exercise could be an initial step towards including brand valuations in the balance sheets of companies. rn rnThe Awards will recognize top product and service brands. There are also awards for the most Innovative brand, […]
Overhaul of key financial legislations
The Central Bank is seeking consultancy expertise to help overhaul key financial legislations early next year.The US$ 30 mn World Bank grant project will cover the Monetary Law the Banking Act, Exchange Control Act and Finance Companies Act.rn rnOfficials say Institution specific legislation governing the NDB and DFCC will also come under review. They point […]