All Blogs
No Extras
Emirates SkyCargo has removed the fuel surcharge with worldwide effect from January 1 2002.
Talking Back
rnThe surplus staff was offered a Voluntary Retirement Scheme based on employees age, years of service and years up to retirement.rn rnA number of staffers had accepted the offer with the bank referring the matter of about 100 excess staffers to the Labour Commissioner, the bank said in a release today.rn rnThe Ceylon Bank Employes […]
Extended Banking
Earlier ABN Amro has been able to constantly maintain an impressive ROE of nearly 30 percent on profit after tax around Rs.150 mn. High ROE quote s are a common feature among foreign banks that cater to a niche market in Sri Lanka. Due to high restructuring expenses following the takeover, the figure is expected […]
Union Terror
ldblquote We have been out of our offices since December 28.Despite top-level government intervention, the environment is still not conducive for us to return to work dblquote , he said. The agitation was initiated by ruling party UNP trade union endash Jathika Sevaka Sangamaya (JSS), but senior UNP quote s intervened to avoid damage to […]
Setting Standards
ldblquote Sri Lanka was chosen for the centre since a majority of the bank quote s IT developers/programmers in its Regional Centre in Dubai, are Sri Lankans, and some of these were seconded from the Sri Lankan operations, dblquote the bank said in a statement. Currently employing 18 people, the centre is expected to employ […]
Setting Standards
ldblquote Sri Lanka was chosen for the centre since a majority of the bank quote s IT developers/programmers in its Regional Centre in Dubai, are Sri Lankans, and some of these were seconded from the Sri Lankan operations, dblquote the bank said in a statement. Currently employing 18 people, the centre is expected to employ […]
Fishing in the Maldives
Janshakthi Insurance Co. kicks off its expansion plans for the New Year with a branch office in the Maldives later this month.rn rnThe company has been dealing with the Maldives for sometime, through a few insurance brokers. rnrnldblquote The branch gives Maldivians a direct contact point to us and we will initially concentrate on general […]
Time to Heal
Year-end arrivals took a 16 percent plunge to 340,000 from 400,414 in 2000 but Tourist Board Officials are forecasting a turnaround of around 450,000 arrivals this year. November arrivals were down a steep 46.6 percent compared to 2000, with an overall decline of 15 percent for the year. Asia Securities Tourist Sector Analyst Ramzi Rishard […]
Labour Check Up
The consultancy is expected to submit their proposals by March this year for eventual cabinet approval and islandwide implementation. ldblquote The E&Y consultants will get representations from the unions, private sector and government agencies in their policy development process. We are very keen on learning about future employment requirements of the private sector and develop […]
New Innings
LOLC Finance Co. Ltd has got statutory and government approval and is expected to commence business shortly, the company said in a statement today. With assets at Rs. 5.8 bn as at Dec 2000, LOLC is the largest specialised leasing company in the country. Last March, Fitch Ratings Lanka has assigned a SL F-1 rating […]