Industry

Code Share

The telecom watchdog is working on a set of emergency short codes and value added service codes that will work on any network. Fire, police, ambulance, …

Cost Cutting

Tritel Services is talking to regional telecom players to sell a low cost payphone system designed for thinly populated areas. The card phone system, designed …

Rural Clean Up

The Treasury is to sell off a 47 percent stake it holds in each of the six rural development banks and offer it up to private management.Under the new …

Goodbye

The government has announced a massive voluntary retirement package to its employees in more than 50 institutions already identified for closure, merger or …

Minor Tremor

A minority stake in Sri Lanka Telecom is unlikely to make it to the market this year, as authorities feel the time is not ripe.The telecom giant has also …

Come Clean

Depositors have asked for the updated financial status of Pramuka Bank to make a detailed restructuring proposal to Central Bank.ldblquote We need to clean up …

Foreign Deposit

Commercial Bank will seek regulatory approval to acquire Credit Agricole Indosuezs (CIA) Bangladesh operations. The acquisition will give Commercial Bank its …

Pay Me

Telco firms will soon introduce charges to terminate calls on each others networks, a fee expected to cover infrastructure costs. Only Sri Lanka Telecom …

Big League

Indian telco giant, Videsh Sanchara Nigam Limited (VSNL) will transfer part of its international bandwidth on the SEA ME WE III (three) submarine cable to its …

Choppy Ride

The Central Bank on Monday named financial institutions that are not registered with the bank, but continue to raise funds from the public.The 31 companies …

Renewing Ties

Sri Lanka Telecom will restore the microwave radio link that once connected the island to neighbouring India. Operational in the 80s, the link was a key like …

Home Zone

Localising its online service, Emirates on Monday announced the launch of its website for Sri Lanka - www.emirates.com/lk.rnrnThe local extension will provide …

Joining Order

A fresh set of rules to govern telecom firm mergers is being floated within the industry for comment by August 6.The draft outlines how the telecom watchdog …

Mop Up

Central Bank sold Rs. 1 billion of its Treasury Bill in the secondary market on Wednesday to mop up excess liquidity in the banking system. online pharmacy buy …

Asian Edition

Sri Lanka will play host to the first annual IT knowledge dissemination conference endash Networking South Asia later in July.Chairman of the Organising …

Term Tests

The first in a line up of state sector accounting reviews kicked off Tuesday, with the National Review Committee studying the Ports Authoritys books.Accounts …

Clearing the Air

A draft spectrum management report recommends auctioning as the basis for allocating slots in the 1800 and 1900 MHz frequency band.Justifying its …

Setting Sail

The Sri Lanka Ports Authority estimates a Rs. 3 bn profit for 2003 as a result of restructuring measures adopted last year. online pharmacy buy diflucan with …

Letting Go

Hatton National Bank has (HNB) offered a voluntary retirement package to its top management as part of the banks restructuring, that has been going on over the …

Rough Waters

Policy makers are reviewing a fresh proposal outlining legislation to include the disputed terminal handling charges into the freight rate.rnrnThe Cabinet …