Category: Special Reports
B2E: Only A Click Away
With the introduction of the Internet many companies automate their business systems and business ideas online. Transformation is taking place globally because; from the start it can provide its customers with the best mix of technology support and business insight. A good example would the booking method for doctors.rn rnNormally patients have to hang around […]
Monetary Twist
Central Bank staff was briefed last week on the latest changes that would affect monetary policy.rn rnSenior Central bankers were educating staff on the changes that will take place in the short-term money market with the introduction of Open market operations.rn rnOpen market operations will allow the Central Bank more control over the overnight market.rn […]
Wanted – Nurses
Tackling a dearth of skilled nurses and low nursing standards, the healthcare industry is debating ratification of an ILO convention (C149), dedicated to nursing.Currently, new entrants into the healthcare industry are faced with a dearth of about 40,000 skilled nurses in the industry and a huge demand for those that remain.rn rnThey are often compelled […]
Sowing The SEEDS
Government welfare schemes are trying to bring thousands of recipients out of poverty. Experts however agree that welfare payments alone wont reduce poverty.Micro finance provided by schemes like Samurdhi banks try to tackle this by getting aid recipients to set up their own business. rnBut micro finance has its pitfalls. In the third in a […]
Hidden Deals
The Sri Lanka Accounting and Auditing Standards Monitoring Board is looking at the accounts of Pramuka Bank following massive accounting irregularities discovered by Central Banks supervisors.rnrnThe watchdog is also looking at whether there were violations of auditing standards by its auditor KPMG Ford Rhodes & Thornton. Last year the firm qualified the report and highlighted […]
Shady Deals
Meanwhile Pramuka Merchant Corporation, an affiliate financial firm, of the bank also stopped repaying its maturing bondholders.rn rnEmployees say that the bank has invested their provident funds in the banks own securities leading to a US style loss of retirement funds. rn rnHowever, top bank officials say the primary cause of their present troubles were […]
Poverty Alleviation Party
The Samurdhi program is getting a clean up in an attempt to get back on track with the scheme quote s original objective.rn rnWhile, some poverty alleviation has been taking place, high politicization of the scheme has prevented it from helping the poor at large.rn rnThe restructuring of Samurdhi attempts to rid it of its […]
Road To eLanka
The government unveiled a road map to wire the countries population for economic and social advancement.The Information communications technology plan is trying to put everything from the land registry to filing tax returns, online.rn rnGovernment says it has donor commitment to implement the e-Sri Lanka project over a five-year period.rn rnCritics say the countries telecommunications […]