Category: Industry
Out of Mind
Mental health professionals say available mental health care in Sri Lanka is no where near enough to guarantee peace of mind.Mental health professionals say available mental health care in Sri Lanka is no where near enough to guarantee peace of mind. “We have been training people, but we need more,” says Director, Mental Health Services, […]
Profitable Risk
Risk management is important for any company to deliver optimum shareholder value. For highly leveraged entities like banks, risk management takes an even more important role. Companies can earn economic profits, only if risks are managed. Risk management is important for any company to deliver optimum shareholder value. For highly leveraged entities like banks, risk […]
Be Prepared
Lot’s of very small businesses around the coast were washed away by the tsunami also exposing a major weakness in the micro enterprise financing structure locally.Lot’s of very small businesses around the coast were washed away by the tsunami also exposing a major weakness in the micro enterprise financing structure locally. Experts say there were […]
Going Global
Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue.Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue. A statement is expected from HNB later today. Akbar Poonawala, Head of Global Equity Services at Deutsche Bank was quoted in BusinessWire […]
Laptop Policy
Life insurance provider Ceylinco Life has equipped its field agents with mobile access to its databases, to speed up their liaising with clients.Life insurance provider Ceylinco Life has equipped its field agents with mobile access to its databases, to speed up their liaising with clients. The Rs. 25 million project has equipped some 140 agents […]
Flight Control
The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, for a better handle on passenger protection. The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, […]
One Only
The CFA Institute – the global association which offers the Chartered Financial Analyst (CFA) qualification filed a lawsuit in the Commercial High Court of Sri Lanka this week against ICFAI Education Lanka.The CFA Institute – the global association which offers the Chartered Financial Analyst (CFA) qualification filed a lawsuit in the Commercial High Court of […]
Changing Tracks
Draft changes to the Railways act, that will allow the commuter service to partner the private sector is being finalized before going for Cabinet approval.Draft changes to the Railways act, that will allow the commuter service to partner the private sector is being finalized before going for Cabinet approval. Private sector participation is expected to […]
Credit Check
Sri Lanka opted to hike its key short term rates by 50 basis points to contain further increases in credit to the public and private sectors.Sri Lanka opted to hike its key short term rates by 50 basis points to contain further increases in credit to the public and private sectors. The Central Bank on […]
Getting Creative
Sri Lanka’s micro finance institutions are looking at securitising their lending portfolio as low cost credit lines are drying up.Sri Lanka’s micro finance institutions are looking at securitising their lending portfolio as low cost credit lines are drying up. Sarvodaya, an indigenous non-governmental organization, is leading the way, with plans to raise Rs.100 million by […]
Better Late?
The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August.The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August. “It is imperative that we increase prices or we will incur large losses.There is no alternative but to pass this on to consumers,” CEB General Manager, […]
IT Works
The Education Ministry hopes to call for a larger budget allocation for IT related education in the national curriculum.The Education Ministry hopes to call for a larger budget allocation for IT related education in the national curriculum. The IT project is now largely funded though an ADB grant for developing secondary education in Sri Lanka. […]