All Blogs
Helping Hand
A national level disability policy is on the cards, with the Ministry of Social Welfare spearheading a task force that will draw up a framework by December this year.To this end, disability issues in Sri Lanka and ways in which the disabled can be involved in development projects, are being thrashed out at a national […]
Apparel Woes
Exports fell to US$ 336 mn in June from US$ 437 mn a year earlier.Imports on the other hand slipped 9 percent to US$ 465 mn during the period, mainly due to lower imports of food and beverages, investments and defence equipment. rnThe overall result, pushed the trade deficit up by 11 percent to US$ […]
Promotional Drive
The beleaguered industry is going through a rough patch with illiquid capital markets and volatile interest rates, leaving it with less room to manoeuvre funds. rnrnldblquote Our marketing campaigns are not strong enough, neither to we have the capacity to deploy qualified personnel outside Colombo. So this may be a route which we should look […]
Educating Sri Lanka
E-enabling students and educational professionals, www.igotthrough.com is marking its territory in the learning industry. Compiled by a Sri Lanka based IT company, Logical Systems, the novel website offers students and educationalists access to a comprehensive list of courses and related information including recommended texts, fees, application forms, exam tips, contact details and model question papers.rn […]
Tied Down – Updated
By employing a single tariff of Rs. 1.00 for internet access, Suntel has eliminated the need for subscriptions, user names and passwords, say officials.rn rnHowever, the subscription free service is limited to Suntel quote s phone line subscribers. rn rnThe Company is willing to partner other Internet Service Providers keen to offer their own single […]
Blue-Collar Blues
With the Youth Corp bill getting the Parliament nod an estimated 40,000 young persons will go into job – oriented training this year.A further 150,000 will receive training next year. rnThe training will also include leadership and teamwork skills. rnPromoters of the new bill say that young people of today are mostly interested in government […]
No more promises
A new law to prevent abuse of public funds while committing the government to its budget targets will come before the house soon.In addition to putting spending plans of the government in power under the strict scrutiny the proposed Fiscal Responsibility Act will also expose the impact of vote catching election proposals on the public […]
Fresh Hopes
ldblquote We feel excessive restrictions on the investment mix is seriously weakening unit fund quote s performance, dblquote President of the Unit Trust Association, S Jeyavarman told Lanka Business Online. rnrnHowever, the industry is not advocating any amendments to the limit on maximum investment in an individual company. rnrnPresently fund management companies have to put […]
Limited Scope
The government plans to form an asset management company to takeover the debts of the two state banks.A top Central Bank official said the upcoming Bank Rescue Law, will makes its way to parliament before end September. rnrnThe debt recovery and collection agency or RACA will be modelled on similar lines to the successful Malaysian […]
Piece Meal
The three dominant cellular operators endash Celltel, Mobitel and Dialog endash had earlier put in a joint proposal for an across the board Rs. 2.00 increase for all outgoing calls during peak times. rnrnInstead, the Telecommunications Regulatory Commission (TRC) has responded with a Rs. 1.00 increase for Mobitel, Rs. 0.75 raise for Dialog and a […]