Category: Industry
IDD Getting Cheaper
At the moment, high termination rates for incoming calls gave the sole gateway operator – Sri Lanka Telecom – massive revenues.rn rnThis gave an incentive to other operators to smuggle incoming calls and get a piece of the pie.rn rnOffering gateways to all operators and the determination of interconnect rates by the regulator is expected […]
Sailing Online
ldblquote e-Marine quote allows Eagle quote s customers to access their marine insurance documents over the internet, discarding the need for the movement of paper documents.rn rnEagle Insurance officials believe anywhere access of the policy would streamline documentation and save time for the shipping industry. rn rnHowever, only customers with an open cover agreement with […]
Smoke Screen
Cleaning up its bad boy image, Ceylon Tobacco Company (CTC) is sponsoring regional IT training centers to enrich rural youth with computer skills.
Dial 10
The change is intended to accommodate more phone numbers to feed the growing demand for telephone and data services.rn rnThe Telecommunications Regulatory Commission (TRC) has set May 1 as the deadline for telecommunication service providers to make the change. rn rnSri Lanka Telecom (SLT) will make the first switch over before the end of the […]
Banking On Locals
The bank needs Rs. 13.5 bn to cover Rs. 6 bn past losses and bring its Tier I capital in line with local standards.rn rnGiven the relatively weaker balance sheet of Peoples quote Bank, senior officials mapping the bank quote s restructuring strategy believe it would be easier to interest a local consortium than a […]
Untangling Wires
The monopoly fixed line operator quote s call rates were last raised by 15 percent in May, as per the pact signed between the government, and NTT of Japan in 1997. rnThe deal allowed for domestic tariffs to be raised over four years, starting from June 1998. The first 25 percent increase came in June […]
Online Outing
Initial talks with the Malaysian government saw the formation of a joint working group set up to identify Sri Lanka quote s Information Communication and Technology (ICT) needs.rn rnProjects identified by the committee include online registrations of ID quote s, drivers licence, passports, EPF, ETF, birth, death and marriage certificates. rn rnA Multimedia University is […]
Literary Overdrive
Less than a year after the launch of her first 10 books, this John Robert Powers model, Harvard lecturer and tech wizard has published ten more in a phenomenal burst of literary zeal.Seven of the new books deal with Ms Wirasinhas specialized subjects, computers and Information Technology, but in a characteristic display of versatility, she […]
Counting Bed Tickets
Sri Lankas health policy is gradually evolving, as the government studies the possibility of introducing paying wards into a so far, entirely subsidised health sector.Two task forces at the Health Ministry are working on a suitable model to convert around 10 percent of the beds in state hospitals into paying wards.rn rnThe World Bank and […]
UDA Debentures
The Urban Development Authority wants to kick start the construction industry by leveraging its massive real estate holdings.The UDA has an estimated ten billion rupees worth of land in and around Colombo city. The government agency, which is part of the Western Provincial Development Ministry, wants to release some of its land to developers.It also […]
New Lease
HNB securities issued unsecured subordinated debt to its owners the HNB group to carry out the recapitalization. rnCEO Rienzi Wijetileke told Lanka Business report that the money was injected in June after the primary dealer suffered heavy losses in its portfolio. rnHNB securities, a fully own subsidiary of the HNB group turned around posting a […]
Rest Assured
Monies for the fund will come on quarterly basis from a 0.2 percent cess on Life Funds and 0.4 percent cess on premium incomes of the General Funds, Insurance Board of Sri Lanka Director General, Dr.Dayanath Jayasuriya said Friday. rnrnPremium incomes for 2001 stood at Rs. 16,858 mn or a 1.2 percent of GDP. Premiums […]