Author: LBO
Shh’85its floating. Really!
The rupees recent rally against the US dollar is the strongest evidence since April 2002 that Sri Lankas currency is really floating, though reassuring noises are coming from Central Bank that the rupee is not likely to appreciate further.rnrnrnrnrnrnrnFrom January 2002 the Euro rose nearly 35rn rnrnrnrnrn From January 2002 the Euro rose nearly rn35% […]
When youre talking’85
Mobile service providers expressed concern last week over Mobitel announcement about its plans to launch a digital network.Other players fear that the company would use SLT infrastructure to get an undue advantage.Mobitel is fully owned by SLT.rn rnIndustry players say that anti competitive rules are key to make sure that all deals between Mobitel and […]
Inside Intel’85
Intel that officially launched its latest Pentium 4 chip in Sri Lanka says, a new innovation in the chip will increase PC performance.The chip uses software, which Intel calls Hyper Threading.rn rnHyper threading allows the chip to run 2 programs at the same time, by making the 3.06-giga hertz chip behave like two separate processors.rn
Bell broadband caf’e9
In a bid to get a competitive edge Lanka Bell has tied up with Harris Corporation of USA to bring in a High-end wireless broadband network. Forty data links have already been installed.rn rnLanka Bell plans on providing this technology to residential customers as well.rn rnBellnet is expanding with a Cyber Caf’e9, which will open […]
Dollar bonds in days’85
The government is tipped to give the mandate to raise long-term dollar funds within days.Prospective investment bankers have said they could raise the funds within a month of the mandate being given.rn rnThe Central Bank has evaluated some 40 proposals and submitted three names endash Deutsche Bank, UBS Warburg and Solomon Smith Barney with Citibank […]