Category: Industry
Off Peak
Cellular operator Celtell Infinity’s service came to a standstill Wednesday, after an attempt to upgrade the software running its mobile network was unsuccessful.Cellular operator Celtell Infinity’s service came to a standstill Wednesday, after an attempt to upgrade the software running its mobile network was unsuccessful. The software upgrade, expected to help enhance Celtell’s services, was […]
Convict Exchange
Sri Lanka and Lebanon are in talks for a prisoner swap so that the convicted of both countries can be tried on home ground. Sri Lanka and Lebanon are in talks for a prisoner swap so that the convicted of both countries can be tried on home ground. As at right now, there are no […]
Taking Responsibility
The Ceylon Chamber of Commerce (CCC) says local business need to practice Corporate Social Responsibility (CSR) as a common work place tool.The Ceylon Chamber of Commerce (CCC) says local business need to practice Corporate Social Responsibility (CSR) as a common work place tool. The Chamber says it will take up the topic at its fifth […]
Service Charge
The Inland Revenue says a new tax – the Economic Service Charge (ESC) – will be enforced on companies from next week.The Inland Revenue says a new tax – the Economic Service Charge (ESC) – will be enforced on companies from next week. “We will advertise for companies to pay next week,” said Commissioner of […]
Work Load
Sri Lankan employers have another problem to deal with – work related stress is on the rise but employers and employees are getting more stressed out instead of coping with it. Sri Lankan employers have another problem to deal with – work related stress is on the rise but employers and employees are getting more […]
Fresh Bet
The Mahapola Trust Fund will test its luck at the lotteries game again, with a court injunction against its partnership with US lotteries operator GTECH Holdings withdrawn in August. The Mahapola Trust Fund will test its luck at the lotteries game again, with a court injunction against its partnership with US lotteries operator GTECH Holdings […]
Lifting The Veil
Sri Lankan firms are now allowed to buy shares or convertible debentures in Indian companies under Foreign Direct Investments, the Reserve Bank of India said Tuesday.Sri Lankan firms are now allowed to buy shares or convertible debentures in Indian companies under Foreign Direct Investments, the Reserve Bank of India said Tuesday. The move is subject […]
One Stop
Sri Lanka has opted to set up a common air-sea cargo facility, with an initial proposal on the project due in November.Sri Lanka has opted to set up a common air-sea cargo facility, with an initial proposal on the project due in November. Minister of Ports and Aviation Mangala Samaraweera told Lanka Business Online that […]
Call Transfer
A proposed rural telecom fund for network development will not be set up, instead monies coming from overseas call operations will be held by the industry watchdog.A proposed rural telecom fund for network development will not be set up, instead monies coming from overseas call operations will be held by the industry watchdog. The Vishwa […]
Stress Test
Mental illness is on the rise in the island but Sri Lankans prefer popping pills to pottering of to see a shrink.Ironically, psychiatrists don’t feel like treating Sri Lankan’s either.Mental illness is on the rise in the island but Sri Lankans prefer popping pills to pottering of to see a shrink. Ironically, psychiatrists don’t feel […]
Life Extension
Ceylinco Insurance says it is in talks with Hayleys AIG to acquire its life insurance business in Sri Lanka.Ceylinco Insurance says it is in talks with Hayleys AIG to acquire its life insurance business in Sri Lanka. Hayleys AIG, which has over 6,000 life policyholders at present, plans to concentrate on general insurance in the […]
Good Times
Local financial sector, dominated by banks, has been growing at a healthy pace for decades.Local financial sector, dominated by banks, has been growing at a healthy pace for decades. Over the last five years banks with their access to cheap deposits have also made in-roads to specialized areas in the financial sector like leasing. The […]