Category: Industry
Cheaper Link
Welcome to the world of Voice Over IP or VOIP.rn rnShamil manages the IT department of the Sentra Supermarket chain. rn rnThey have a few fixed line telephones but they don quote t need to use these to talk between any of their four supermarkets. rn rnInstead these calls are channeled into the company quote […]
Brand Excellence
The islands top brands will be recognized in the first ever brand awards by the Institute of Marketing.Organizers say the exercise could be an initial step towards including brand valuations in the balance sheets of companies. rn rnThe Awards will recognize top product and service brands. There are also awards for the most Innovative brand, […]
New Innings
Fledgling financial powerhouse, the Janashakthi Group added another trophy to its growing portfolio by taking over the assets of Mutual Finance and Investments Ltd.rn rnRe-christened as Janashakthi Finance and Investment, the Janashakthi Group forked out around Rs. 7.6 mn to acquire the relatively dormant finance company.rn rnWhile approving the formal takeover, the Central Bank as […]
Six Queue Up
Submissions for technical proposals closed on Tuesday evening, but only six parties had responded for the third stage, sources close to the deal said Wednesday.rn rnThe six parties are believed to be, Janashakthi Insurance, DFCC Bank/Commercial Bank, Eagle Insurance with their principals Zurich, Asia Capital/Asian Alliance Insurance and CT Smith Stockbrokers representing a consortium.rn rnEarlier […]
Sprinkling Phohora
The Asian Development Bank (ADB) Monday lent US$ 30 mn towards uplifting the productivity and financial viability of the plantation sector.Around US$ 10 mn of this would go towards setting up a Plantation Development Fund to invest in convertible debt and equity instruments of plantation companies.rn rnPlantation companies will be eligible for the balance US$ […]
Cutting Edge
Keeping with this trend Samsung launched its latest audio and home theatre systems in Sri Lanka through its local partners Singhagiri Limited.rn rnLocal agents for the brand Singhagiri Limited say the growth in the consumer electronics industry in Sri Lanka was demanding cutting edge technology and more value for money. rn rnldblquote More people are […]
ADB to help set up Revenue Authority
The package could be followed by a grant up to US$ 20 million to set up the authority somewhere next year.rn rnGovernment revenue collections consistently fall short of targets due to problems with tax collection.rn rnThe ADB says the Revenue Authority, a merged entity between Inland Revenue, customs, and excise departments, would be better equipped […]
E-marine from Eagle.
Eagle Insurance, which is offering online insurance cover for international trade says the new service will speed up transactions.
Private Pension
Hundreds of Employees Trust Fund (ETF) members come to its offices at Narahenpita to collect their dues. And the queue is always long. They are however easy customers to please.rn rnUnlike bank customers, they can quote t shift their money even if they are unhappy about the returns or level of service. rn rnAnd in […]
Down To Cents
The US$ 50,000 grant, extended through the Asian Development Bank (ADB), will finance a study to set up an autonomous authority to streamline revenue collection and tax administration.rn rnInefficiencies in revenue collection, as well as widespread tax evasion are an established fact, with state revenues on the decline in the past few years.rn rnThe national […]
Finding Hope
Managing Director Nihal Jayawardene says the company was studying the proposals and would consider accepting one of them shortly.rn rnMeanwhile, reliable sources say the bank is holding an accumulated loss of Rs. 260 million with an average monthly loss of over Rs.5 million. rn rnAt Rs. 260 million, the bank quote s accumulated loss has […]
Picky Decisions
Plans to ratify the appointment however fell through at last week quote s monthly board meeting. SLT Officials declined to divulge the reason for the delay. rnrnSenior officials say PriceWaterhouseCoopers could commence work immediately before any ratification is made at the next board meeting scheduled for the first week in October. rnrnA decision is pending […]