Category:
Long Beep
Fixed line operator Suntel plans to infuse US$ 20 mn this year, to roll out its network islandwide.The wireless local loop operator has sought the telecom watchdogs approval to get a slot in the 800 Mhz bandwidth.rn rnSuntel officials say they applied for approval mid last year, but are yet to receive the regulators consent. […]
Inside Lanka
Chipmaker Intel setup shop here this week, apart from the obvious reason of taping into the sales potential in the island, to standardize wireless technologies WiFi and WiMax. The local office will help identify corporate businesses and rural infrastructure rollout projects that will use wireless technologies.rnrnThe wireless standardization process is in line with Intels current […]
Top Brass
The government has appointed top private sector businessmen to drive its economic agenda, the Presidential Secretariat said.Treasury Secretary Dr. P B Jayasundara, will be the Secretary General of the newly formed National Council for Economic Development or NCED, which will translate the United Peoples Freedom Alliances election manifesto into a six-year economic plan.rn rnOther top […]
IT Global
Sri Lankas IT industry is surging ahead and on Tuesday another key player launched operations in Colombo, adding one more link to the backward integration chain.Sri Lankas computer market is estimated at 150,000 PCs a year and is growing at around 19 percent every year.rn rnHigher priced branded computers make up nearly 30 percent of […]
Parliament Jokes
Sri Lankas Buddhist monk Parliamentarians staged a demonstration in Colombo on Wednesday for a better-behaved legislature for the island.rnThe JHU (Jathika Hela Urumaya) staged a sathyagraha (meditation demonstration) at Colombos Viharamaha Devi Park for peace and sanity among parliamentarians.rn rnldblquote This is our way of condemning the behaviour in Parliament yesterday and we are meditating […]
Image Wise
South Asia is home to a quarter of the worlds population and a quarter of the worlds reserves of major minerals but the rest of the world knows little about the regions collective face of SAARC.rn rnldblquote When you say EU people immediately recognise the grouping. Not so with SAARC. SAARC needs to have an […]
Sinking Ship
Cabinet spokesperson Jeyraj Fernadopulle said Tuesday, that there might be lquote no other alternative but another election, if Parliament continues to be volatile.ldblquote We are prepared to go back before the people once again if necessary. We are ready to go for an election if this is the situation dblquote , Fernandopulle told journalists.rn rnldblquote […]
Holy Brawl
Two Buddhist monk legislators were admitted to hospital Tuesday following an unprecedented brawl in Sri Lankas parliament initiated by ruling party lawmakers, a parliamentary official said.rnNew legislator Akmeemana Dayaratne and fellow monk MP Kolonnawe Sri Sumangala, both from the opposition Jathika Hela Urumaya Party, were admitted to the nearby Jayewardenepura hospital after being punched by […]
Catching The Bus
Sri Lankas mass transport system driven by private and public busses and vans are a public menace killing around 500 people on average every year.rn rnThe quality of service is also appalling overcrowding, arbitrary pricing and sudden changes of routes and strikes.rn rnThe action plan for land transport that was approved by Cabinet last Thursday […]
Disclosure Regulation
A former securities regulator is calling on authorities to mount a public education campaign to increase awareness about pyramid schemes.Central Bank has already drafted some legislation to combat pyramiding as part of their come in their upcoming Banking Act, but there is no sign that the parliament will pass it any time soon.rn rnldblquote Even […]
Line Master
Delays in appointing a Commission to the telecom watchdog is holding up Suntels next phase of network expansion. Costs per line are estimated to tumble down to about US$ 200 from the above US$ 1000 levels currently, with the new network expansion.rn rnSuntel could also tap the market for funds to foot its network expansion […]
Gaol Quest
Customers of Gold Quest, who were hoping to gain total financial freedom within three years by joining the firms controversial lquote binary compensation plan, may now have to spend up to five years in jail for foreign exchange fraud.Authorities have started gathering data on Gold Quests Tracking Center Owners (TCOs) who fraudulently used credit cards […]