Category: Industry
Merging Skills
Treasury officials are looking at merging the present Skills Development Fund Ltd with the upcoming Human Resource Endowment Fund that is to be set up next year.The Skills Development was set up over two years ago, as a pilot project to provide human resource training for employers.rn rnIncorporated as a public limited liability company in […]
Colour Guide
In what could lead the way to a common directory for subscribers from all networks, Sri Lanka Telecom today launched its in-house compiled provincial directory – The Rainbow Pages. rnrnProposals in the recent draft interconnection framework calls for a common phone index, initiated by SLT. rn rnAlso proposed is a common online directory database available […]
Close Watch
The governments 20 percent stake in Commercial Bank held through Sri Lanka Insurance Corp. has caught the interest of the International Finance CorpA fact-finding team from the IFCs Washington office were in Colombo recently to carry out due diligence work. Their findings are expected to be presented to the IFC Board sometime next month, Treasury […]
Letting Lose
Peoples Leasing Company is scouting for a strategic partner as its parent company is keen to reduce its holding in the company.Formed as a fully owned subsidiary of Peoples Bank in 1995, PLC was initially intended to help the banks customers.rn rnIn 2001, Peoples Bank infused a further Rs. 40 mn into the company to […]
Outsourcing R&D
Following in the footsteps of international corporate giants, local companies have begun using venture capital for outsourcing research and development.A top venture capitalist says at least one Sri Lankan conglomerate has started funding start-ups in the hope that they will develop a useful product that can be commercially exploited later.rn rnLarge conglomerates have a higher […]
Plot Thickens
Pramuka Banks crisis deepened this week with courts issuing orders on the senior management not to leave the country.But Pramuka Chief Rohan Perera has already left the country.rn rnMeanwhile employee shareholders who formed a Stakeholders Association would be meeting again this week. rn rnThe bribery commission began its investigations into the alleged kickbacks to public […]
State Challenge
The government is fast putting together a regulatory framework to facilitate competition.At the same time the private sector together with trade chambers have also been asking for opening up of sectors, which have been government monopolies before.rn rnHowever competition has been slow to arrive in some industries which have been thrown wide open. rn rnCommerce […]
Central Changes
In line with the best international practice Central Bank will focus on the core objectives of economic and price stability and ensuring the stability of the financial system, dropping a number of subsidiary objectives that tended to distract the Bank in the past.rn rnIn the conduct of monetary policy itself the Central Bank has given […]
Sale On Line
Targeted at both local and expatriate Sri Lankans, the online shop will host a range of merchandise including seasonal favourites like greeting cards, decorations, Christmas hampers, food and music. rn rnHSBCs secure payment gateway has been signed to handle the online transactions and delivered through Federal Express. rn rnDelivery to anywhere within Colombo will be […]
Delayed Sale
The government has put off Sri Lanka Insurance Corp.quote s privatization for the fourth time till early next year.rn rnThe Public Enterprise Reform Commission on Wednesday wrote to the three shortlisted bidders giving them more time to submit fresh technical and financial bids till January 21, 2003.rn rnThe competitive sales process for the 90 percent […]
Cross Country
policy on international voice gateway licensing issued last week will set the stage for more operators to enter the fray.rn rnThe consultant draft on international voice gateway licensing was released last week, the Telecommunications Regulatory Commission (TRC) now calling for public opinion for the policy. rn rnNew licences will be technology neutral and will not […]
Air Control
The consultant sought to redraw Sri Lankas policies on frequency spectrum was appointed last week, appointed to study allocation, pricing policies and utilisation. The consultants report will give strength to the proposed Communications Regulatory Commission (CRC), a reincarnation of the existing Telecommunications Regulatory Commission to reflect the scope of the National Communication Policy.rn rnThe process […]