News
Internet access to Lankan schoolchildren near zero
Farmers still waiting for loan waivers
Dialog GSM wins National Quality Award 2001
Events and announcements
Indian firm to market cheaper AIDS drugs
Baby Cheramy pledges millions of rupees to children's
welfare
L.B. official finance company
The Finance Co posts top profits
Seylan Merchant to double its leasing and loan portfolios
More items under SLSI mark
Largest warehousing complex in Asia
800 million people in hunger -FAO
Letters
Internet access to Lankan schoolchildren near zero
By Akhry Ameer
The Ceylon Chamber of Commerce signed a formal agreement last week establishing
the Sri Lanka Development Gateway.
The insight into the project was revealed by M.V.Mushin, Vice President
and Chief Information Officer of the World Bank, during his keynote address
at the inauguration of the Business Convention 2001 organised by the chamber.
The development gateway is a welcome initiative by the Global Development
Gateway, which is a venture by the World Bank jointly with the private
sector and other donors. The gateway will be based on an Internet portal
that will share knowledge and issues on economic and social development.
According to Mr. Mushin, the global gateway will also have country specific
gateways aimed at fostering the use of Internet for e-government, e-business,
e-collaboration, e-learning and knowledge sharing among the stakeholders.
He also said that the World Bank would set up a Distance Learning Center
in Sri Lanka by November.
Mr. Mushin in his address on "Bridging the Digital Divide," said that
the future would be a networked world driven by globalization with many
connected to the Internet living in developing countries. In this light
he called upon the business community to learn how to harness globalization
towards development. While acknowledging the progress made by Sri Lanka,
he reiterated the need for investment in communications connectivity and
related information technology.
He said a general campaign to provide IT literacy skills and access
to information was necessary as a basic right for every Sri Lankan. "Creating
knowledge affluent societies is the need of every economic need," he added
reminding that no provision has been made for IT in the national curriculum.
Presenting statistical facts, he said that only one in every 10,000
students (in Sri Lanka) has access to computers while Internet access to
schoolchildren is at near zero. Further, IT literacy among teachers is
also near zero and 30 percent of the schools lack electricity.
The government needs to lead by example rather than by regulation, he
said speaking on the role of the government.
While observing that Sri Lanka has the largest bureaucracy per capita
in Asia, Mr. Mushin called for greater transparency and policies to provide
freedom and incentives to the private sector to overcome the digital divide.
"We have seen study after study, task forces, committees and working groups,
and lofty policy statements on the importance of IT over the last several
years.
But real progress still eludes us. The time to act is now," he said.
Chandra Jayaratne, Chairman of the chamber in his welcome address said
that according to a study to be presented at the World Economic Summit,
Sri Lanka has been placed 62 out of 255 in global competitiveness. He said
that the country should aim to get in to the first 50 in the rankings and
urged for private sector initiatives without depending on the government
for support.
Mushin is the first Sri Lankan to be appointed as a Vice President of
the World Bank Group and is also its first Chief Information Officer. The
Business Convention 2001 was organized by the Ceylon Chamber of Commerce
and focused on the theme "ebiz: The Economy Transformed".
Farmers still waiting for loan waivers
By Diana Mathews in Polonnaruwa
Government authorities have begun implementing a decision to write off
loans given to farmers, official sources said.
Officials at the People's Bank said the bank last week directed its
branches to write off farmer loans below Rs 20,000 and noted that there
had been no changes in the government decision though parliament has been
dissolved.
However some farmers in the Polonnaruwa district, interviewed by The
Sunday Times Business, expressed doubts whether the loans would be actually
written off citing instances in the past where similar assurances were
made and not kept by the PA government.
One bank official said they had received instructions on the first week
of October from the government to write off these loans and farmers were
being informed.
"The total extent of the loans is still being calculated and the banks
are waiting for the statistics from the Central Bank," he said. Farmers
who have taken loans between the 1999 Maha (November to April) season to
2001 Yala (May to October) season would benefit from the move.
But farmers in the Polonnaruwa district said last week the banks have
not notified them of these developments.
They also said that it was unfair to write off only the loans taken
in 1999 and 2000. "We would not pay our loans, this is unfair," lamented
P. Sirisena, a farmer who had taken a loan before 1999.
A few farmers said they had been notified this year (around April) to
repay loans taken in 1994. "In 1994 the government had announced a similar
waiver, where only 25 percent of the loan should be paid by the farmer,"
said Sirisena.
"I was informed by the Mediation Board to repay the balance amount after
six years," said H.M. Dharmadasa, another farmer from the region. "I paid
up the balance for fear of going to prison," he said. "I don't think our
loans would be waived off this time. We might be asked to pay the balance
in a few years time again."
Dialog GSM wins National Quality Award 2001
The Sri Lanka Standards Institute has named Dialog GSM (MTN Networks Pvt.
Ltd) as a National Quality Award winner in the Large Scale Service Category
or the year 2001.
The Sri Lanka National Quality Awards (SLNQA) was announced recently
in conjunction with World Quality Day, according to a Dialog press release.
Dialog GSM is the first telecommunication company in South and South
East Asia to win a National Quality Award for business excellence, placing
it among an exclusive grouping of large-scale service providers in the
region.
"Receiving this award is a great honour to everybody within the Dialog
family. This award is won by our employees and they will no doubt treasure
it as a recognition of many years of hard work," noted Dr Hans Wijayasuriya,
Chief Executive Officer of MTN.
The National Quality Award follows several other milestones in Dialog's
commitment to Quality and Business Excellence. Dialog GSM became the first
telecommunications operator in South Asia to be awarded ISO 9002 certification
in 1998 and more recently became one of the first operators in Asia to
be conferred with ISO 9001 certification including the design and development
elements of the ISO standard.
Dialog GSM is a fully-owned subsidiary of Telecom Malaysia, a regional
telecommunications giant with subsidiaries in several continents.
Events and announcements
NDB on Business Matters
Ranjit Fernando, CEO, National Development Bank and Eran Wickremaratne
CEO, NDB Bank, will be featured on the Business Matters programme on Rupavahini
'Eye Channel' at 10.00 pm on Monday, 15th October.
The interview would be conducted by Parakrama Dissanayake, management
consultant.
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Seminar
A seminar on creative approaches to sales and marketing organized by the
European Business Information Centre (EBIC) and the European Chamber of
Commerce of Sri Lanka will be held in Colombo on October 18.
The main resource person at the seminar is Terence A. Hockenhull, a
British national, who has successfully run sales and marketing training
programmes for a number of institutions and organisations in the South
East Asian region.
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Techno exhibition
The Techno 2001 Engineering and Technology Exhibition organised by the
Institution of Engineers, Sri Lanka will take place from October 26 to
28 at the BMICH.
More than 150 stalls by the sectional committees of the institute which
cover the disciplines of electrical, mechanical, civil, chemical, agricultural
and plantations engineering will display models and other exhibits of interest
to school leavers and students in schools and colleges, who wish to pursue
engineering as a career.
Exhibits of award winners of the annual Junior Inventor of the Year
Competition conducted by the institute would be on display.
This year students from 78 schools participated in the competition and
the institute awarded scholarships to 5 students who had participated in
the Junior Inventor of the Year Contests.
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Adding value
A seminar on "Adding value to Business through Assurance Services", organized
by the Statutory Auditing Standards Committee of the Institute of Chartered
Accountants of Sri Lanka will be held at the Trans Asia hotel on October
19.
Presentations will be made by Chandra Jayaratne, chairman of the chamber
of commerce and Asita Talwatte, partner at Ernst & Young while Mahendra
Amarasuriya, chairman of the Commercial Bank and Ranjith Fernando, CEO
of the National Development Bank.
Indian firm to market cheaper AIDS drugs
A top Indian drugs firm is planning to introduce into the Sri Lankan market
three drugs for AIDS treatment at less than half the price of the drugs,
currently sold here by other companies.
Zydus Cadila Health Care, a subsidiary of the Zydus Group, will introduce
to the local market three anti- viral drugs as well as launch a brand new
anti-diabetes drug which improves insulin efficiency .
In this connection, Zydus group president Ganesh Nayak will be visiting
Sri Lanka on October 16 for the launch ceremony, a company statement said.
Zydus is one of India's five top healthcare companies. |