Category: Industry
Fee Offer
Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on Wednesday. Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on Wednesday. Among […]
Cross Purposes
Trade unions angry at attempts to overhaul the state utility the Ceylon Electricity Board, pitch against each other as anti-privatisation unions meet the moderates. Trade unions angry at attempts to overhaul the state utility the Ceylon Electricity Board, pitch against each other as anti-privatisation unions meet the moderates. Most of the debt ridden electricity giant’s […]
Hello!
Telecom operator Suntel Ltd is rolling out a US$ 60 mn expansion plan over the next three years, after clinching a slot in the 800 Mhz bandwidth recently, company officials said Tuesday.Telecom operator Suntel Ltd is rolling out a US$ 60 mn expansion plan over the next three years, after clinching a slot in the […]
Pension Plans
Over 3000 employees from the three state banks and the Central Bank want the government to reintroduce an employer contributed pension scheme.Over 3000 employees from the three state banks and the Central Bank want the government to reintroduce an employer contributed pension scheme. A Tuesday lunch hour protest saw staff from people’s bank, Bank of […]
Buying Time
A crucial cabinet meeting on restructuring the Ceylon Electricity Board and the Petroleum Corporation has been put off for two weeks, amidst street protests by unions.A crucial cabinet meeting on restructuring the Ceylon Electricity Board and the Petroleum Corporation has been put off for two weeks, amidst street protests by unions. Most of the 52 […]
Bengal Link
IFS R&D Ltd., the Colombo-based subsidiary of the Swedish ERP (Enterprise Resource Planning) solutions company IFS AB, moved into the Bangladesh market by appointing ICE Technologies as a dealer to market its component-based business applications. IFS R&D Ltd., the Colombo-based subsidiary of the Swedish ERP (Enterprise Resource Planning) solutions company IFS AB, moved into the […]
Water Tight
An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn allocation by the bank to build a new port to the south of the Colombo harbour.An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn […]
Tick Tick
Three twisted carriages stand as a grim reminder of the December tsunamis that engulfed the “Ocean Queen” train, sending more than 1,000 passengers to their deaths and ripping up the tracks. Three twisted carriages stand as a grim reminder of the December tsunamis that engulfed the “Ocean Queen” train, sending more than 1,000 passengers to […]
Call for You
Lanka Bell and Suntel received spectrum from the Telecommunication Regulatory Commission (TRC) to deploy CDMA technology in Sri Lanka. Lanka Bell and Suntel received spectrum from the Telecommunication Regulatory Commission (TRC) to deploy CDMA technology in Sri Lanka. Lanka Bell says they expect to complete the first phase of their deployment in three months. Telecom […]
Empty Chest
The Asian Development Bank admits it has not given a cent to Sri Lanka so far, as the US$ 150 mn tsunami assistance programme will only go before its board in mid April, a top official said.The Asian Development Bank admits it has not given a cent to Sri Lanka so far, as the US$ […]
Waiting Game
The Asian Development Bank has asked Sri Lanka to step up the momentum of tsunami reconstruction and said it was awaiting agreement between Tamil Tiger rebels and the government over relief distribution.The Asian Development Bank has asked Sri Lanka to step up the momentum of tsunami reconstruction and said it was awaiting agreement between Tamil […]
Clear Line
Lanka Internet Services Ltd could become Sri Lanka’s eighth telecom service provider, operating an islandwide network under its existing enhanced voice license.Lanka Internet Services Ltd could become Sri Lanka’s eighth telecom service provider, operating an islandwide network under its existing enhanced voice license. The internet solutions and international calling card operator’s management and a team […]