Category: Other
ERP Burp
Computers started making an impact on business productivity and speed over two decades ago. Manufacturing companies were some of the first to get software packages to help them automate and better plan the process while enterprise wide deployment happened afterwards with Enterprise Resource Planning or ERPs.rn rnBut experts say the challenge is to get computer […]
Fine Incoming
The telecom watchdogs case against Mobitel (Pvt) Ltd is likely to be settled out of court, with the cellular operator suggesting a compensation package, which includes paying a million rupee fine. Sources close to the deal told Lanka Business Online on Friday that the cellular operator has also agreed to bear the regulators legal fees […]
Taking Money
Parliament is due to pass a new law in February, to round up all financial institutions currently not governed by the Central Bank. The new system will legalise and supervise all small scale financing activity including lending and taking public deposits.rn rnCentral Bank last year named about 40 firms who were accepting deposits outside its […]
Hot Mix
Plantation companies are keen to push through a long over due productivity pegged wage formula when estate worker wages come up for negotiations in June 2004. The June negotiations will be a deciding factor for the plantations companies survival as they prepare for a tough year ahead. Work on possible productivity pegged alternatives are already […]
Middle Is Mighty
Central Bank said it is leaving its growth forecast for next year unchanged at 6 percent despite continuing uncertainty in both the political and peace fronts.It however warned that prolonged uncertainty could jeopardize economic growth. rn rnThe wealth creators in the economy, the private sector, that saw higher returns on their investments in the last […]
Over The Sea
In Baththalangunduwa if you see someone going with a mamoty and a bucket dont think he is going to his vegetable plot or the paddy field. In fact, he wont even be a farmer; most probably he would a fisherman.He would probably be carrying a mamoty and a make-shift plastic bucket to have a bath.rn […]
Love at first SMS
When telephones started, love chats used to be long, but this new SMS culture its just a quickie. Mobile phones have changed us a lot.rnOn his way to work Indika checks on the closing price of a stock that he wants to buy in the share market. rn rnNot only can Indika check up on […]
Oil Rush
An international road show to offer blocks for oil exploration in the Mannar Basin is expected to kick off early next year. Model Petroleum Resource Sharing Agreements and model exploration licences have already been developed.India is keen to take over an initial two blocks through state owned Oil and Natural Gas Corp., if Sri Lanka […]
Showing Teeth
The telecom watchdog flexed its muscle and took Mobitel to the Magistrates Courts for violating the regulators directive. Mobitel launched its GSM network in November investing Rs.200 mn in the first phase. The TRC said its tariffs were anticompetitive, a claim Mobitel denies.The Magistrate will re-summon the case on Jan., 12, allowing time for further […]
Signed & Sealed
The government sold off its holding in Sri Lanka Insurance Corp. to the Distilleries consortium for Rs. 6.05 bn. The new owners plan to list SLIC in two-years, to pave the way for the Dutch ING Group to take up an equity stake.A four-member team from ING, has started work to give SLIC a facelift, […]
Safe Bet
Sri Lankas first indexed backed commercial paper, linked to the All Share Price Index, was issued to the market on Wed. Structured by National Wealth Corp., the initial Rs. 100 mn paper was issued by Lanka Orix Leasing and Mercantile Leasing. Referred to as the lquote Bull & Bear paper, the initial tranche was snapped […]
Monopoly Class
An Emirates-Govt. MOU to lift ground handling and catering monopolies has come under fire, forcing officials to rethink concessions. Officials say the MOU in effect prevents new players, through a continuing monopoly on terminals, ramp handling and key passenger routes. The MOU will also eat into Airport revenue through lost franchise fees from SriLankan, with […]