Category:
Education – The Way Ahead
Two days of active dialog by the stakeholders in the education sector concluded last Sunday, having identified the misgivings and strengths of the system. rnrnrnrnrnrnA number of eminent educationalist parted their experiences and views at the conference. The papers presented at the rnconference are listed below.rn National Education Conference – A Note By The Organisersrn […]
Reformists Rule
The Chamber believes that the re-introduction of private sector managed schemes would increase the benefits to its stakeholders and the capital market.rn rnSome private sector officials say that allowing private sector participation would introduce competition to the two government sector funds, which would lead to better returns and management of funds. rn rnAs an initial […]
Free Flowing Tea
Existing regulations restrict the import of teas for blending and re-export and specialty teas including green tea and CTC teas. Processed tea imports, black or green, Orthodox or CTC, whether in bulk or packaged form can only be imported subject to a 25 percent tariff duty.The joint committee recommendations are for allowing orthodox tea imports […]
Fuss Over Nothing
The analysis follows the long standing criticism that commercial banks resort to parate executions extensively, killing the entrepreneur sprite in the country.rn rnThe study which looked at a three year period states that banks initiated parate executions only as a last resort when restructuring and rehabilitation of the loan failed. rn rnThe Central Bank also […]
Lifeline
ldblquote We are looking at raising another Rs.680 mn through private financing, mostly through preference shares and equity, dblquote Apollo Hospitals Group Chairman, Dr.Prathap C Reddy told Lanka Business Online in an interview last evening. rnrnThe funds would go towards part financing the Rs. 3 bn 500-bed hospital in Colombo, which is due to open […]
Battle In a Tea Cup
This follows attempts to clamp down on illegal smuggling that has plagued the country quote s legal tea trade with imports falling by 12 percent in the first quarter of this year. Volumes of smuggled tea as at the end of the fiscal year 2001-02 is expected to range between 25,000 to 40,000 tons as […]
Making Connections
The partnership brings to Eureka a host of high-end data services enhancing the company quote s ability to provide better connectivity to the corporate sector.rn rnMCI WorldCom is a leading force in data and voice services in the US and in Europe. The Company is rapidly strengthening its presence in the eastern and southern hemispheres. […]
Flying Via SMS
The latest services would cost users Rs.3.00 to receive flight schedules of the national carrier provided that the user knows either the flight number or the destination city.rn rnIn addition, users also need to know the corresponding short code to activate the service. Dialog officials have countered that problem by offering the short codes via […]
Terror Treasure
Proceeds from the auction will be used as seed capital for the proposed Youth Corps, Minister Bandula Goonerwardene said.rn rnThe Gold collection, which includes 1521 bangles, 1192 rings and 1242 bangles, is currently placed with the Central Bank in eight separate deposits. rn rnIt is claimed that the JVP has build up this Gold reserve […]
Money Cleansing
rnMinister Bandula Goonerwardene at the Cabinet press briefing today said the government hoped to utilize the funds to boost local investments. The proposed Inland Revenue Special Provision Act, which will declare a 18 month clemency period to invest previously undeclared funds through capital investments in formal businesses.rn Prospective investors will not face penalties or taxes […]
Diplomatic Maneuvering
Lloyds of London officially removed the surcharge last month following intense diplomatic lobbying and a consultation with independent security experts who carried out a security audit on Colombo Port. rnrnHowever, some shipping lines continue to charge a WRS on cargo bound to American ports, said President Ceylon Shippers quote Council, Ravi Ratnapala. rnrnldblquote This is […]
Looking For Direction
Education reforms have been on the cards for the past 20 years but in implementation have been a painfully slow process if not a non-starter. rnrnIn addition to a lack of political will, one of the key reasons educational reforms get stuck in limbo is the failure of successive governments to successfully market the reforms […]