The Supreme Court today (29) dismissed a fundamental rights petition filed by Bharati Airtel Lanka (Pvt) Ltd. challenging floor price imposed on mobile phone tariffs. The Telecommunications Regulatory Commissions (TRC) recently announced the introduction of floor prices to mobile phone operators. TRC’s revised floor price are as follows: Off Net – Rs 2 and On [...]
The country’s oldest finance company, The Finance Company PLC (TFC) which recently faced a run on its deposits, expects to completely lift the strictures it has placed on withdrawals on demand in another year’s time, its director/CEO Kamal Yatawara said. TFC which currently has a mismatch of meeting its full liabilities, also has put a [...]
The market is heavily liquid, but, paradoxically no borrowers or investors to mop up this excess, virtually forcing the Central Bank of Sri Lanka (CBSL) to drain this excess liquidity though a combination of its overnight open market operations, selling CBSL securities and by US dollar-rupee swaps in order to control inflation caused by this [...]
The left leaning SLFP led governments of the past have more often than not taken an anti Western stance when in power, made famous by former Premier Sirima Bandaranaike’s reference to that bloc in her first tenure of office (1960-65) as being the “Rapacious West.” Now, some 45 + years later, the present Government’s seemingly [...]
FIT or Foundation in Information Technology programme, is a stepping stone to the vast arena of information communication technology for it is aimed on creating computer awareness along with Mathematics and English. The programme consists of three courses, namely ICT Applications, English for ICT and Mathematics for ICT. It entails the aspirants with adequate knowledge [...]
CIMA (Chartered Institute of Management Accountants) announced a 60% price reduction effective from July 1 for new students registering to study CIMA anywhere in the world. The new price of £60 is a reduction from £150. This marks a global commitment by CIMA to make its qualification even more accessible to ambitious students around the world who [...]
It’s cool in the furnace,” an American musical based on the three Biblical characters, Shadrach, Meshach, and Abednego, who were thrown into the fire by King Nebuchadnezzar for not worshipping him, will go on stage in Colombo On October 29. A debut production of the Christian Arts Foundation (CHRAFT), it’s directed by Jerome de Silva [...]
The Rs. six billion turnover Lankem Group of Companies through land held by its subsidiary York Hotels (Kandy) Ltd. in Kandy and land in the Trincomalee coastal belt held by another of its subsidiaries, plans to develop such real estate into hotel properties. Anushman Rajaratnam, Managing Director Lankem Ceylon PLC told The Sunday Leader on [...]
IPM Career Guidance Workshop Institute of Personnel Management Sri Lanka, the nation’s leader in Human Resource Management has embarked on yet another initiative aimed at developing future human talent. The institute is to conduct a career guidance workshop to help youngsters take the correct decisions at vital junctions in their careers. An expert on the [...]
PROPARCO, AFD Group’s (French Development Agency’s) private sector arm, recently signed a 10 million euro loan with LOLC (Lanka ORIX Leasing Company PLC) to support the development of their operations in the North and East (N&E) of the country. LOLC, a leading financial services conglomerate in Sri Lanka, pioneered leasing and factoring to the country, [...]
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