Category: Industry
Looking For Direction
Education reforms have been on the cards for the past 20 years but in implementation have been a painfully slow process if not a non-starter. rnrnIn addition to a lack of political will, one of the key reasons educational reforms get stuck in limbo is the failure of successive governments to successfully market the reforms […]
Diplomatic Maneuvering
Lloyds of London officially removed the surcharge last month following intense diplomatic lobbying and a consultation with independent security experts who carried out a security audit on Colombo Port. rnrnHowever, some shipping lines continue to charge a WRS on cargo bound to American ports, said President Ceylon Shippers quote Council, Ravi Ratnapala. rnrnldblquote This is […]
Running East
Formerly known as eRunway Inc., Virtusa is a Sri Lankan company headquartered in the, USA with development centers in Colombo, Hydrabad and Boston. rnrnVirtusa develops and deploys mission critical products and solutions for Fortune 1000 companies and leading software product developers. Its core competence revolves around developing cutting edge technology and delivering dynamic project plans […]
Motivating Managers
The speaker line up is headed by Doug Adams who has build up an international practice in training corporate management on leadership skills. Adams has worked with many top local companies like JKH and MAS Holdings and expected to use his knowledge on local management traits to stimulate a change in mindset. rnrnAdams has titled […]
Green Labels
The initiative will rank products and services on their net environmental friendliness, with an eco-label certification provided by an authorized certifying body. rnrnBacked by the Science and Technology Ministry and driven by local environmental NGO EMACE, the 21-member steering committee representing manufacturers, exporters, and local certifying bodies. rnrnWorldwide, eco-labels have been used to cover diverse […]
Off Channell
eChannelling quote s Rs. 100 mn public offering, which was touted as Sri Lanka quote s first lquote dot com quote , failed to create an appetite among local investors, with less than half of the issue under subscribed at the closure yesterday.
Unlocked
Foreign companies can now invest up to 100 percent of the equity capital of financial sector companies, free of exchange controls, the Central Bank said in a statement. rnThe move is “subject only to the rules and regulations stipulated by the relevant regulatory authorities pertaining to the activities of the companies in which investment is […]
Switchboard
SLT quote s Japanese partners Nippon Telegraph & Telephone Corp. (NTT) have also expressed willingness to increase its present 35 percent holding to 40 percent through its various associate companies, during the public issue, PERC sources said. rnThe government had earlier planned to list the fixed line monopoly through a combination of an international and […]
Breaking The Mould
The open debate will also sort through the political baggage that still remains one of the biggest hindrances to an efficient, disruption free system of education. rnrnldblquote The efficiency of education is tied down with its views focusing solely on the equity principle, not allowing for the efficiency and effectiveness of education. The situation is […]
German Escapade
rnSri Lankan’s CEO Peter Hill and Head of Commercial G.T. Jayaseelan are to meet with leading tour operators on a fact-finding mission to review pricing and ascertain demand prior to resuming operations. rnrnThe visit will also attempt to validate claims by the industry of insufficient capacity to satisfy the demand from German and Italian leisure […]
Loosening Up
Recently, several commercial banks have pointed out the severe restrictions imposed by the forex holding limit, impedes the growth of a local derivatives and futures market. rnrnThe Central Bank has considered these concerns and plans to replace the restriction on holdings with a risk based capital requirement, as a prudence measure to prevent capital been […]
Sticking To It
Cellular operators stuck to their guns to go ahead with a tariff increase, despite the telecom watchdog hotly denying the revision got its approval. rnMass Communications Minister Imthiaz Bakeer Markar also stepped into the fray to stand by his regulator, telling parliamentarians that the controversial revision was illegal. rnrnCellular operators raised tariffs yesterday, after informing […]