Category: Industry
Call Forwarding
The roll out of a free incoming to mobile phones regime is being pushed back once again, this time to allow for greater public awareness. The telecom watchdog on Feb. 12 said the Caller Party Pays (CPP) regime would be effective from March 1, with fixed line users paying up to Rs. 5 more for […]
Jumping High
Ceylinco Life has ended fiscal year 2003 achieving its declared goal of crossing the three billion rupee mark in premium income.In results released this week, the company said premium income had grown 29 per cent to Rs.3.042 bn in the year ended December 31, 2003.rn rnThis performance was made possible by a 51 per cent […]
Private Tours
Privately owned helicopters could come to the rescue in medical and natural disasters and fly in to transport shipping crew between land and sea before long.Helicopters are due to make a comeback to Sri Lanka skies after initial groundings in 1995 and the new arrivals will not be limited to tourist transport.rn rnDeccan Aviation Lanka […]
Love From India
The promoters of Indias first Mass Rapid Transport (MRT) system have offered to help the government to set up a similar system to help ease congestion in Colombo.Delhi Metro, Indias first MRT has submitted a feasibility study report to the government, which has been accepted in principle.rn rnOfficials from Delhi Metro Rail Corporation were quoted […]
Life Cycle
The Treasury last issued the letter on March 13 2003, with the hope of finding fresh investors and to allow the bank to continue its normal banking operations.rn rnSince a top-level restructuring team was brought in over two-years ago, the bank has been able to cut its Rs. 6 bn negative networth to Rs. 2 […]
Taking Bets
Working towards meeting a mid year target to launch Sri Lankas second online lottery, the Aitken Spence endash Getch Corp., partnership will invest Rs. 1.2 bn through the Board of Investment in their local operation.Aitken Spence Getch., will provide turnkey lottery management services including the installation, operation, and maintenance of the online and instant central […]
Second Round
Private bus owners are lobbying the government to remove VAT payments slapped on lease rentals of registered buses.Currently, around 17,500 private passenger buses are in operation and over 90 percent of them are bought on a lease.rn rnMost owners opt to re-lease their buses, to meet costs of refurbishment and spare parts. Funds are also […]
Bending Rules
The government will amend its newly minted labour retrenchment formula to raise the maximum compensation ceiling from 30 to 50 months of salary.rnrn The new ceiling will apply to all firms with a net profit of more than Rs. 100 mn and governed by a collective agreement, Labour Minister Mahinda Samarasinghe said Thursday.rn rnThe changes […]
Netting It All
Top air cargo equipment maker Bridport Aviation, is using its Sri Lankan production base to tie-up new markets in Asia.Bridport already claims a third of the global market for cargo pallet nets, or 75,000 nets a year, with its old 30,000 square feet plant.rn rnIts 400 percent expansion in the Wathupitiwala Export Processing zone off […]
Extended Version
The HRM Enterprise Version 4.0 is a highly versatile, fully web based system and is database independent.It is flexible and scaleable to any organisation leaving room to plan, define, and change to suit to its structure. rn rnThe new version provides a Self Serving facility to all staff in the organization to access their personal […]
Small Change
The state is looking at absorbing up to about 25 percent or as much as half the cost of laying rain guards for rubber trees on smallholder estates this year. Laying the plastic skirt-like rain guards over the areas to be tapped protects it in heavy rainfall areas like the Ratnapura and the Kalutara districts.Increasing […]
Going Offline
Stepping up its presence from a standalone internet service provider, Eureka on Tuesday said it has repositioned its business to become an IT solutions provider. Eureka says it has redesigned its business model over four years to offer anything from PC maintenance to more complex corporate data and software solutions.rn rnChief Executive Dilendra Wimalasekere says […]