Category:
Small Mercy
While applauding a Maldivian government decision to grant an amnesty to a cyberdissident, Reporters Without Borders (RSF) has called for the release of two others who have been sentenced to life for publishing an e-mail newsletter.While applauding a Maldivian government decision to grant an amnesty to a cyberdissident, Reporters Without Borders (RSF) has called for […]
One Down
The District Court vacated one of the three injunctions issued against the ICT Agency’s rural telecom licensing process Tuesday.The District Court vacated one of the three injunctions issued against the ICT Agency’s rural telecom licensing process Tuesday. The country’s seven network operators took the caretakers of the government’s eSri Lanka initiative to courts over the […]
Wrong Number
Net revenues from international telecom services are dropping- one of the unseen downside effects of liberalizing the international voice market.Net revenues from international telecom services are dropping- one of the unseen downside effects of liberalizing the international voice market. Overseas call revenues minus what the island pays for terminating calls abroad dropped from US$ 43 […]
Deal Maker
State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds in 2006.State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds in 2006. […]
Sri Lanka President under siege as protests mount from allies, opposition
Pressure mounted on Sri Lanka’s president as her key coalition ally Tuesday protested over a proposed deal with the Tamil Tigers on tsunami relief while the opposition scuttled a pledge to not demonstrate against the government while the country rebuilds.Pressure mounted on Sri Lanka’s president as her key coalition ally Tuesday protested over a proposed […]
Tigers issue fresh warning as strikes grip Sri Lanka
Shops were closed and public transport ground to a halt in northern and eastern Sri Lanka Tuesday as Tamil Tiger rebels warned that the killing of a Tamil protestor could seriously undermine a three-year truce.Shops were closed and public transport ground to a halt in northern and eastern Sri Lanka Tuesday as Tamil Tiger rebels […]
Getting Off
Plans to lay off half the State owned bus workers got the Cabinet nod while analysts expect donors will fund the move.Plans to lay off half the State owned bus workers got the Cabinet nod while analysts expect donors will fund the move. The Central Transport Board (SLCTB) and the cluster bus companies employ a […]
Digging Deeper
Commercial Bank of Ceylon is delving deeper into the local corporate debt market by offering to subscribe, hold and sell competitively priced paper above conventional savings products.Commercial Bank of Ceylon is delving deeper into the local corporate debt market by offering to subscribe, hold and sell competitively priced paper above conventional savings products. Having structured […]
Seylan’s Heart Ache
Closely held Seylan Bank and its subsidiaries saw profits shrink last year but its CEO says aggressive management of its loan book should produce a better performance this year.Closely held Seylan Bank and its subsidiaries saw profits shrink last year but its CEO says aggressive management of its loan book should produce a better performance […]
Rate Card
Sri Lanka has only one active rating agency, and a few dozen ratings. India has nearly 1400 ratings and four agencies. In our Q and A this week, the Money Report speaks to Amit Tandon, Head of Fitch Ratings in India. Sri Lanka has only one active rating agency, and a few dozen ratings. India […]
Punters’ Day
Analysts expect a market correction in the coming weeks after the galloping Colombo bourse hit an all time high on Friday. Analysts expect a market correction in the coming weeks after the galloping Colombo bourse hit an all time high on Friday. The rally was sustained by medium capitalized stocks that were snatched up by […]
Gunned Down
Sri Lankan troops shot dead one man and wounded another Monday at a protest against a government security checkpoint in the troubled eastern region of Batticaloa, the defence ministry said. Sri Lankan troops shot dead one man and wounded another Monday at a protest against a government security checkpoint in the troubled eastern region of […]