Category: Other
First Lessons
The Treasury, this week plans on giving its first lesson to educate state research and regulatory bodies on how to present their financial statements.A number of statutory bodies including the Tea Research Institute, the Rubber Research Institute and the Ceylon Fisheries Harbours Corp., presented financial statements for the first time this year for public review […]
One-to-One
The Telecommunication Regulatory Commissions case against cellular operator Mobitel Private Limited at Magistrates Courts is to be called again on December 18, allowing time for dialogue between the two parties. Industry officials say the telecom watchdog and Mobitel representatives are to meet Wednesday evening to pursue a settlement for the dispute.rn rnIt is understood that […]
Value Driven
Value added tea exports hit a five year high, moving up to 41 percent of total shipments so far this year. The record is on account of 17.1 mn kgs of tea shipped to Libiya, a 211 percent increase in volume over 2002. Exports to the Middle East state was primarily in tea packets.With total […]
Oh SHIT!
Brace yourself for some absurd bit of news ’85The Municipal Council is sitting on the idea of charging tax each time you visit the loos! The CMC says it flushes down Rs. 250 mn annually to maintain the system.Colombo city is trying to clean up its act for the umpteenth time endash this time through […]
New Cap
Prof. Priyantha Wijayatunga will takeover as the Director General of the newly minted Public Utilities Commission from Dec.8.Wijayatunga is currently the Dean of the faculty of Information Technology attached to the University of Moratuwa.rn rnThe Public Utilities Commission regulates key sector like ports, airports, petroleum, water, highways and roads. rn rn
’85
Consolidation in the financial sector over the last few years has resulted in small banks that were struggling for survival being taken over by the larger players. Banking sector analysts say the trend will continue leaving half a dozen banks dominating the financial landscape.rn rnBut it is not just the banking operations that are seeing […]
The Point Is’85
Consolidation in the financial sector over the last few years has resulted in small banks that were struggling for survival being taken over by the larger players. Banking sector analysts say the trend will continue leaving half a dozen banks dominating the financial landscape.rn rnBut it is not just the banking operations that are seeing […]
New Case
The Telecommunications Regulatory Commission (TRC) has filed a fresh petition against Mobitel (Pvt) Ltd in Fort Magistrates Court on Friday, with summons returnable on December 10.TRC withdrew its case from Colombo Magistrates Court on the same day.rn rnSoon after the withdrawal Mobitel said in a statement that: ldblquote The withdrawal by the Attorney Generals Department […]
Lazy Stroll
lquote Nature tourism is still slim business. An expensive niche; But a steadily growing market for eco-tourism are where top hotel chains and other blue-chip conglomerates are fast putting their dollars.An ancient drum roll away from King Kashyapas Sigiriya is a 24-acre stretch of abandoned rice paddies. Nestled into the land and overlooking a vast […]
Sugar Coated Budget
Analysts say the UNF government offered sweeteners to state employees and pensioners while also announcing a string of taxes most of which will be paid by the corporate sector to gain room to maneuver as a string of provincial councils come up for election next year.The governments New Year resolution could be to win all […]
Restart? Retry? Abort?
The IT industry is slowly recovering. And so is demand for IT pros. But the job market for IT professionals has also gone through some rapid changes with private universities churning out hundreds of graduates. A shortage of skilled professionals is no longer a problem for the industry, which has now become very picky, on […]
Golden Rule — Budget Comment
Sri Lankas 2004 budget is again breaking the lquote golden rule of budgeting, but its ambitious deficit target of 6.8 percent is more in line with the countrys sustainable deficit level.rnrnrnrnrnrnNew Page 1rnrnrnrnrn Therngolden rule of budgeting is actually simple common sense.rn Itrnsays that the governments revenue (taxes and so on) should cover itsrnday-to-day expenses. […]