Category: Industry
Networking Lanka Inc.
rnThe project will be funded entirely by the private sector, with Bartleet Group subsidiary BC Computers being the principal sponsor.rn rnA new joint venture company between the government and BC computers lquote eServices Lanka quote , funded by the private sector, was set up to operate the gateway.rn rnThe Commerce and Consumer Affairs Ministry will […]
Sailing South
Southern Region Development Minister, Ananda Kularatne told a media conference that the firm will carry out the feasibility studies over a six-month period without billing the Sri Lankan government. rnHe said the government was keen to establish a southern port, which is only a few miles away from international shipping lanes. rnKularatne estimated 36,000 ships […]
Off The Grid
The Public Enterprises Reform Commission quote s (PERC) Director General Deepal Gunaratne says twelve preliminary Expression of Interests were submitted, when the deadline closed Monday for twelve regional and one cluster bus company. rnldblquote We will shortlist investors based on the information provided and ask them to submit their financial bids detailing their business proposal, […]
Dollar Funding
CEO Amitha Gooneratne told Lanka Business Online that the bank has already floated the idea with the Central Bank, the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission. rnrnldblquote They [the regulators] accepted the concept, but we need to get formal board and shareholders approval through an EGM before we proceed, dblquote Gooneratne […]
Clean Start
Instead, corporations should take an immediate stock of the current position, update arrears up to 2000 and submit details to the parliament quote s library by Dec.31, 2002, Treasury Secretary Charitha Ratwatte said Monday. rnrnFrom 2002 onwards, all state institutions should table their annual accounts before parliament not later than Dec. 31, 2001, he said. […]
Last Mile
A meeting today had assessed proposals forwarded by the three short listed consultants.rn rnOfficials say they would seek further clarification on certain proposed measures included in the proposals on Monday before they meet again next week. rn rnThe second and probably the final meeting on the issue is scheduled for mid next week.rn rnSLT officials […]
Long Term
Hatton National Bank (HNB) will issue Sri Lanka quote s first ten-year private sector debt instrument as part of its Rs. 2bn unsecured debenture.
Fine Line
Sri Lanka Insurance Corp. quote s (SLIC) controlling stake in Commercial Bank may come up for grabs when the insurance giant is sold off this year.rn rnSLIC currently owns 29.91 percent in Commercial Bank, which is worth around Rs. 659 mn as at Dec. 31, 2001. The DFCC Bank is the next highest shareholder of […]
Broad Bell
CEO, Joey Mendoza says the edge would be its pricing and exceptional speed.A combined levy where the internet tariff and the phone tariff are coupled could also be introduced he says. rn rnThe service will initially be limited to Lanka Bell customers before being opened up as a standalone service. rn rnMeanwhile, the company today […]
Looking Offshore
Insurance industry has been lobbying for this facility for many years, due to the dearth of long-term investible products and fluctuating local interest rates. rnrnldblquote Until the capital account is fully liberalised, we can only help out individual companies, provided they lobby their case effectively, dblquote Exchange Controller, H A G Hettiarachchi told participants at […]
Insurance Agent
Sri Lanka Insurance Corp. quote s privatisation kicked off today with the government calling for expressions of interest from local and overseas investors.rn rnPotential investors would get the management control and ownership of a stakes up to 90 percent of SLIC, with a possible option to buy the employees 10 percent shares. rnThe closing date […]
SriLankan Holidays
The airline offers a wide variety of holiday packages.SriLankan Holidays and Stopovers offers customers holiday packages of one to four days or more, in Sri Lanka. A stopover holiday package includes transfers from airport to hotel and vice versa and hotel accommodation with breakfast. Customers may opt for accommodation only or accommodation plus tour from […]