Category: Industry
Web Watch
The Health Ministry plans to bring in laws to mandate private medical doctors to maintain patient records. The Health Ministry plans to bring in laws to mandate private medical doctors to maintain patient records. The laws will be incorporated into an upcoming Private Medical Institutions Act, spelling out a hospital’s rights, duties and obligations towards […]
Wire Tapping
Sri Lanka Telecom (SLT) will tap some 70 MB of bandwidth from regional internet service providers (ISP) to substitute for capacity lost to its damaged undersea cable.Sri Lanka Telecom (SLT) will tap some 70 MB of bandwidth from regional internet service providers (ISP) to substitute for capacity lost to its damaged undersea cable. In a […]
Sprinkling Aid
The Ministry of Finance on Wednesday said the Treasury had released Rs.600 million in drought relief over the week.The Ministry of Finance on Wednesday said the Treasury had released Rs. 600 million in drought relief over the week. Released in two parts, Rs. 550 million has been marked out for dry ration allocations for the […]
Strike One
The Institute of Chartered Accountants of Sri Lanka (ICASL) qualified as the first higher education institute outside the university system for a World Bank grant last week.The Institute of Chartered Accountants of Sri Lanka (ICASL) qualified as the first higher education institute outside the university system for a World Bank grant last week. “We were […]
Dizzy News
Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail fares, as the Treasury factors in ‘corrections’ to trim its subsidy budget.Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail […]
Weak Link
Sri Lanka Telecom’s internet link collapsed late Saturday, when a ship damaged its undersea cable.Sri Lanka Telecom’s internet link collapsed late Saturday, when a ship damaged its undersea cable. The SEA-ME-WE III (South East Asia Middle East Western Europe) links Sri Lanka with the outside world through a landing point in Mount Lavinia. SLT officials […]
Deep Sea Moves
Sri Lanka Telecom sought US$ 5 mn damages from an Indian vessel, which allegedly damaged its undersea international cable.Sri Lanka Telecom sought US$ 5 mn damages from an Indian vessel, which allegedly damaged its undersea international cable. The dominant carrier’s Internet and international call network came to a standstill late Saturday, after a ship’s anchor […]
Height of Intelligence
The opposition is blaming bad economic policies for rapid price rises.The opposition is blaming bad economic policies for rapid price rises. The Treasury has made several attempts to correct macro-economic imbalances, but it has been thwarted by its own coalition partners in some cases. The Treasury has at last corrected fuel prices, preventing the build […]
Bankers Parley
Ten years ago bankers focused on decentralizing their operations.Ten years ago bankers focused on decentralizing their operations. But now technology and customer demands are driving the industry to pay more attention on centralizing their business operations. “Now the trend is towards centralization. Most of the banks in Colombo are also for that kind of thing,” […]
Back to USA
Government is reviving plans to use a controversial United States offer to find money for forest conservation.Government is reviving plans to use a controversial United States offer to find money for forest conservation. The Tropical Rainforest Act allows countries, which owe money to the US treasury to channel a part of it to a conservation […]
Online Draw
National Lotteries Board (NLB) subsidiary – Online Lotteries Private Limited is drawing dates for its launch, some time in late October. National Lotteries Board (NLB) subsidiary – Online Lotteries Private Limited is drawing dates for its launch, some time in late October. Over 100 internet based terminals to sell games have been deployed already in […]
Refinanced
Asia Capital strengthened its position in the financial sector, finalised a deal to pick up a controlling equity stake in Finance and Land Sales Limited (FLSL) on Thursday.Asia Capital strengthened its position in the financial sector, finalised a deal to pick up a controlling equity stake in Finance and Land Sales Limited (FLSL) on Thursday. […]