Category: Industry
Sri Lankan Airlines aims for shorter transit times
Jan 28, 2008 (LBO) – Sri Lankan Airlines, the island’s national carrier, has steadily increased the number of passengers in transit to 46 percent from 28 percent in 2003/04 in an attempt to make Colombo a hub for air travel, a statement by the carrier said. According to Sri Lankan, it has recorded a steady […]
Profit vs Growth
January 28, 2008 (LBO) – Investors in telecommunications stocks in emerging markets like Sri Lanka are more concerned with business growth and cash flows instead of reaping dividends, the head of the island’s top celco said. . “Investors in stock markets, in telco shares, in ICT stocks look at cash flows,” said Hans Wijayasuriya, chief […]
Note Rating
Jan 28, 2008 (LBO) — Fitch Ratings has assigned an A+ (lka) national long term rating to a Singer Sri Lanka 800 million rupee note issue with a ‘negative’ outlook, the rating agency said Monday. It has also affirmed an ‘A (lka)’ rating on an outstanding note issue. Money from the new note issue will […]
LawAsiaICT2008
Jan 25, 2008 (LBO) — Sri Lankan regulators should look for all options to bring down the cost of mobile phone ownership as the industry has emerged as a key driver of economic growth, the head of the island’s top celco has said.Better connectivity has enabled people become more productive, he added. Business drivers in […]
Down Under
Jan 25, 2008 (LBO) — Australia is looking to supply coal to Sri Lanka’s power stations and also provide clean coal and natural gas technology that can improve the efficiency of thermal generation, its envoy to Colombo has said. “The government of course has plans to develop coal fired power generation in Sri Lanka and […]
Net Security
Jan 25, 2008 (LBO) – Bank of Ceylon (BOC) has deployed international authentication services provider VeriSign’s hacking and identity theft countering security features in its online banking transactions in Sri Lanka. VeriSign’s Identity Protection Services (VIP) for BOC’s online banking customers will provide an extra layer of security through VeriSign’s multiple authentication scheme. The scheme […]
Travel Costs
Jan 25, 2008 (LBO) – The national transportation commission of Sri Lanka has authorised a hike in bus fares due to recent fuel price increase, but private bus owners say it is insufficient. The fare increases approved by the commission will be effective from February 1 and are meant to minimise the effects of recent […]
LawAsiaICT2008
Jan 24, 2008 (LBO) — Sri Lankan regulators should look for all options to bring down the cost of mobile phone ownership as the industry has emerged as a key driver of economic growth, the head of the island’s top celco has said.Business drivers in emerging markets like Sri Lanka need to make services more […]
Shattered Hopes
DUBAI, Jan 24, 2008 (AFP) – A Sri Lankan maid, in transit on her way home from Kuwait to see her children for the first time in three years, hanged herself in a toilet at Dubai airport, an Emirati daily said on Thursday.The report came just two days after the oil-rich Gulf states reached agreement […]
Rubber Cheques
Jan 24, 2008 (LBO) — One in ten cheques issued in Sri Lanka bounces and account holders are writing dud cheques with impunity despite it being a criminal offense, a top central banker said.Central Bank deputy governor Ranee Jayamaha says nine percent of the 250,000 cheques, especially in the Colombo area sent for clearing are […]
Digital TV
Jan 24, 2008 (LBO) – Mobile operator Dialog Telekom’s digital broadcasting of terrestrial television via standard broadcast frequencies will be less costly for content providers and increase reception throughout Sri Lanka, company officials said. Dialog’s Terrestrial Digital Video Broadcasting (DVB-T) pilot project was launched Wednesday covering areas north of the capital Colombo like the Wattala […]
LawAsiaICT2008
Jan 23, 2008 (LBO) – Sri Lankan employers should enforce rules on e-mail and internet access to prevent misuse of company property and avoid potential legal problems, an expert told a law conference in the capital Colombo. But it also posed risks like firms not having enough oversight and supervision, how to compute hours worked […]