Category: Industry
Northbound
The Mercantile Merchant Bank Ltd (MMBL), one of the two local agents for the Western Union has set on a aggressive expansion drive that will double its 25 sub agent network by the end of this year. rnrnldblquote We are looking at areas with high inward remittances. In North and East we will be opening […]
Accounting Online
The solution combines IT hardware from IBM, accounting software from Golden Key and telecommunication services of SLT to give companies a ready to use accounting solution simply by logging on to a secure server.rn rnCompany offices say solution will reduce client side cost as they would not have to invest in hardware and expensive software […]
Starry Nights
After weeks of frenzied speculation, maneuvering and an advertising blitz, Grant McCann Erickson clinched the campaign of the year, at the Sri Lanka Institute of Marketing quote s (SLIM) annual advertising awards last night.rnrn
Picking Up Lost Time
Spearheaded by the Labour Ministry, the initiative will be in the form of a five-year rolling plan, a draft policy of which has already been drawn up. rnrnSponsored by the United States Agency for International Development (USAID), the policy will be managed and implemented by the Labour Ministry. rnrnAt a productivity growth rate of three […]
Breaking Boundaries
Suntel wOw has signed up with Dialog, Celltel and Mobitel enabling its portal users to send SMS to these networks. rnrnHowever, Celltel and Mobitel users have the added advantage of replying back to the wOw SMS. rnrnldblquote This is a major break through facilitating interactivity between two different means of communication endash the Internet and […]
Poor Show
The bank is also planning to raise Rs.1 bn to its Tier II capital ratio through a debt instrument or preference shares, to improve its total capital ratio to 11 percent from current 9.53 percent. rnldblquote We have been through hard times, but never like this before dblquote , HNB quote s Managing Director Rienzie […]
Future Proof
Speaking to LBO, Intel quote s GM endash Channels South Asia, Amar Babu said though Sri Lanka was behind Bangladesh in terms of sales, it was the fastest growing market in the region. rn rnldblquote With the recent political changeover in Sri Lanka, we expect demand to grow significantly. dblquote rnrnIntel is also pursuing a […]
Hear Us
The system of policy and law enactment has come under fire, for its lack of transparency and closed-door attitude to open discussion and consultation. rnrnIn a statement issued by the trade chamber, ldblquote If the private sector is to be considered the engine of growth, then it is imperative that the business community be informed […]
Small Openings
On the cards are a higher ownership limits on foreign stakes in financial services including banks and insurance companies. rnPresently, foreign ownership is limited to 49 percent in Finance services, 90 percent in insurance companies and 60 percent in banks. rnCentral Bank Governor A S Jayawardene said they were discussing various possibilities, lquote but the […]
Too Hot
The competition is not unique to Sri Lanka, notes visiting CIMA President Bruce Epsley. ldblquote Other rival courses are also offering university degrees and so forth. So we plans to unveil a series of value addition measures to stay ahead of the pack, dblquote he said addressing a media briefing today. rnrnCIMA exams have got […]
Short Cut
The government presently runs a two-tier tax system where provincial councils charges a 1 percent Turnover Tax (TT) while the Inland Revenue charges a 12.5 percent Goods & Service Tax (GST). rnrnThe chamber is proposing the government broadbase GST to cover all activities ranging from production distribution chain right through to the consumer and eliminate […]
Colombo Goes Online
Colombo is the latest station on the Emirates network to receive the on-line booking facility, which also allows travellers to check seat availability on all Emirates flights and obtain fare quotations. rnrnOn-line bookings have to be completed three working days prior to flight departure and tickets for on-line bookings will be delivered by Emirates to […]