Code Share
The telecom watchdog is working on a set of emergency short codes and value added service codes that will work on any network. Fire, police, ambulance, …
Cost Cutting
Tritel Services is talking to regional telecom players to sell a low cost payphone system designed for thinly populated areas. The card phone system, designed …
Firm Hand
All financial services are being pulled out from under the new Consumer Affairs Authority, with a financial ombudsman being floated to take up consumer …
Rural Clean Up
The Treasury is to sell off a 47 percent stake it holds in each of the six rural development banks and offer it up to private management.Under the new …
Tax Facts
Parties to the conflict in the northeast are trying to set up an interim administration that conforms to the Constitution while allowing significant devolution …
Healthy Bill
A new law on Intellectual Property Rights was in parliament on Friday after an initial draft met with opposition from patient rights activists. They challenged …
Goodbye
The government has announced a massive voluntary retirement package to its employees in more than 50 institutions already identified for closure, merger or …
Minor Tremor
A minority stake in Sri Lanka Telecom is unlikely to make it to the market this year, as authorities feel the time is not ripe.The telecom giant has also …
Come Clean
Depositors have asked for the updated financial status of Pramuka Bank to make a detailed restructuring proposal to Central Bank.ldblquote We need to clean up …
Sand Castles
The Central Environmental Authority on Friday approved sand mining off the shores of Wadduwa and Kalutara. The Coast Conservation Department project will scoop …
Sino Ties
Sri Lanka is moving to cement its ties with China, with a state visit by Prime Minister Ranil Wickremesinge next month.In addition to meeting Chinese Premier …
Housing Carrots
The government is kicking off a housing scheme for government officers in a bid to attract and keep the top quality administrative officers.ldblquote We need …
Foreign Deposit
Commercial Bank will seek regulatory approval to acquire Credit Agricole Indosuezs (CIA) Bangladesh operations. The acquisition will give Commercial Bank its …
Pay Me
Telco firms will soon introduce charges to terminate calls on each others networks, a fee expected to cover infrastructure costs. Only Sri Lanka Telecom …
New Faces
The Colombo Stock Exchange on Wednesday admitted five new members to trade on its upcoming debt securities board, the DEX.The trading members are: Capital …
Leveraged Funds
The Urban Development Authority (UDA) has negotiated with local banks to raise upto Rs. 1 bn to build 1300 houses for the middle and high income segments. buy …
Safety Features
The government is looking at offering up to one year as compensation for employees who lose their jobs and also allow people to take their provident fund …
Big League
Indian telco giant, Videsh Sanchara Nigam Limited (VSNL) will transfer part of its international bandwidth on the SEA ME WE III (three) submarine cable to its …
Friendly Chat
The Central Bank said told Supreme Court on Monday they will meet bankers and other potential investors of Pramuka this week, to give effect to an Appeals …
Renewing Ties
Sri Lanka Telecom will restore the microwave radio link that once connected the island to neighbouring India. Operational in the 80s, the link was a key like …