Category: Industry
Service Concerto
DMS Electronics Limited, on Tuesday said it would retail US based Concerto Software Inc.’s contact centre solution here. DMS Electronics Limited, on Tuesday said it would retail US based Concerto Software Inc.’s contact centre solution here. The range of contact centre products offer companies the option to offer multiple channels of communication to their clients […]
Dangerous Columns
Reporting a company’s financial performance is facing new challenges as investors demand more information about how the business is likely to perform in the future. Reporting a company’s financial performance is facing new challenges as investors demand more information about how the business is likely to perform in the future. Traditional accounting mostly looks at […]
Energy Costs
The government is trying to sell its watered down electricity sector reform plans to lending agencies and top up sector funds this month. The government is trying to sell its watered down electricity sector reform plans to lending agencies and top up sector funds this month. “The government will meet with the ADB and JBIC […]
Spiriting Cash
Telecom operators are concerned that money meant to finance rural connectivity channeled to the cash strapped Treasury as a temporary measure, will not be available for the industry when the legal framework is ready.Telecom operators are concerned that money meant to finance rural connectivity channeled to the cash strapped Treasury as a temporary measure, will […]
HNB woos
Hatton National Bank says its shares are under-priced by the market.Hatton National Bank says its shares are under-priced by the market. This week it called an analysts conference to show that its shares are worth more than the levels reflected in the current prices. This has led to speculation that the bank could be heading […]
PB to get a Convertible
People’s Bank is likely to get a government capital injection via a convertible bond issue.People’s Bank is likely to get a government capital injection via a convertible bond issue. With private capital ruled out due to the policy of the current government, the Strategic Enterprise Management Agency (SEMA) has to look for other means to […]
Gotcha!
The Department of Exchange control has imposed heavy penalties on violators of exchange control regulations.The Department of Exchange control has imposed heavy penalties on violators of exchange control regulations. The persons are believed to have helped send dollar abroad for third parties to participate in the controversial Gold Quest network marketing scheme. The highest fine […]
Gold for the Old
Mutual fund industry is re-submitting a proposal to government for investor tax breaks to set up retirement savings plans here. Mutual fund industry is re-submitting a proposal to government for investor tax breaks to set up retirement savings plans here. The proposal is also backed by the securities regulator, the SEC. Industry wants the government […]
Quick Drip
Forty two year old leasing specialist Industrial Finance Ltd is coming out with a rights issue to up capital.Forty two year old leasing specialist Industrial Finance Ltd is coming out with a rights issue to up capital. The privately held company’s core capital stands at Rs.40 mn – just Rs. 10 mn short of Central […]
Lost Crown
Conglomerate John Keells Holdings (JKH) regained its triple A status following two-year break, after clocking in impressive earnings and boosting its share capital.Conglomerate John Keells Holdings (JKH) regained its triple A status following two-year break, after clocking in impressive earnings and boosting its share capital. The premier bluechip has diversified interest in tourism, real estate, […]
Weakest Link
The Railway Department will begin overhauling 100 km of the islands dilapidated rail track this month at a cost of over Rs 374 mn.The Railway Department will begin overhauling 100 km of the islands dilapidated rail track this month at a cost of over Rs 374 mn. “We have already started transporting concrete sleepers to […]
Joint Forces
India’s energy sector currently going through an overhaul might see state owned Bharat Petroleum merge with Indian Oil Corp., with repercussions for Sri Lanka. India’s energy sector currently going through an overhaul might see state owned Bharat Petroleum merge with Indian Oil Corp., with repercussions for Sri Lanka. Indian news wires on Thursday said that […]