Category: Industry
Grading Scale
A committee appointed to draw up a working plan to manage monies coming into the telecom development fund are due to come out with a draft plan by end January.A committee appointed to draw up a working plan to manage monies coming into the telecom development fund are due to come out with a draft […]
Brand Builders
The Starcom Mediavest Group, claimed to be the world’s largest media agency network will setup shop in Sri Lanka to help fuel brand power of local companies’.The Starcom Mediavest Group, claimed to be the world’s largest media agency network will setup shop in Sri Lanka to help fuel brand power of local companies’. The Starcom […]
Plot Thickens
The Maharajah Group, owners of television stations MTV and Sirasa, claim there have been no police investigations into an alleged plot to murder its Group Chairman.The Maharajah Group, owners of television stations MTV and Sirasa, claim there have been no police investigations into an alleged plot to murder its Group Chairman. The private group owns […]
Big Boys BPO
Sri Lankan conglomerate John Keells Holdings is planning a US$ 22 million 1000 seat business process outsourcing facility in Delhi, India by April. Sri Lankan conglomerate John Keells Holdings is planning a US$ 22 million 1000 seat business process outsourcing facility in Delhi, India by April. Keells head of IT Services Ronnie Peiris on Wednesday […]
Short Call
Sri Lanka’s telecom regulator is reviving a long overdue access-code plan coming under the 2003 international voice market liberalization. Sri Lanka’s telecom regulator is reviving a long overdue access-code plan coming under the 2003 international voice market liberalization. The four digit numbers proposed during the 2003 liberalisation process recommended access codes as a means of […]
Double Celebration
Sri Lanka’s Senkadagala Finance has become the first entity to go for a dual credit rating, when it was rated A3 by Lanka Rating Agency. Sri Lanka’s Senkadagala Finance has become the first entity to go for a dual credit rating, when it was rated A3 by Lanka Rating Agency. Tech savvy Senkadagala, currently carries […]
Happy Families
Sri Lanka’s Mercantile Leasing Ltd has formally merged with Nations Trust Bank to become ‘Nations Leasing’, a joint communiqué said Tuesday.Sri Lanka’s Mercantile Leasing Ltd has formally merged with Nations Trust Bank to become ‘Nations Leasing’, a joint communiqué said Tuesday. Prior to the merger, conglomerate John Keells Holdings (JKH) controlled 25 percent in Nations […]
Double Take
Sri Lanka is to double its license fees for lubricant operators and invite more players paving the way for state-run Ceylon Petroleum Corp.to also join the fray, Energy Minister M H M Fowzie said Monday. Sri Lanka is to double its license fees for lubricant operators and invite more players paving the way for state-run […]
Sri Lanka launches new India campaign, as Nov. tourist arrivals dip
Sri Lanka is launching a fresh publicity blitz to entice Indians to spend their summer vacation, as the tropical island struggles to fill up hotel rooms that remain largely empty following the tsunami and an outbreak of fresh violence in the northeast, officials said.The tropical island has seen arrivals plummet 25.4 percent to 48,457 in […]
Convenient Marriage
Sri Lanka’s DFCC Bank is in talks with the Distilleries Group to sell off part of its stake in National Asset Management Ltd or NAMAL, a top official said Monday.Sri Lanka’s DFCC Bank is in talks with the Distilleries Group to sell off part of its stake in National Asset Management Ltd or NAMAL, a […]
Lucky Strike
People’s Leasing Co. Ltd has struck a deal with India’s Ashok Leyland to import commercial vehicles for its customers. People’s Leasing Co. Ltd has struck a deal with India’s Ashok Leyland to import commercial vehicles for its customers. The one-year deal allows PLC to open letters of credit up to Rs.3 billion, the firm’s Chief […]
‘s post-tsunami tourism revival
BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed by this month’s violence that killed more than 80 people and fuelled fears of a return to war, officials say.BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed […]