An Echelon Media Company
Wednesday September 27th, 2023

Sri Lanka’s Maharaja group to be awarded satellite pay TV license

COLOMBO (EconomyNext) – MTV Channel (Pvt) Ltd, a terrestrial broadcaster which is a unit of Sri Lanka’s Maharaja group will be awarded a direct-to-home satellite licence, the island’s telecom regulator has said, as the industry is going through technological changes.

The Telecommunications Regulatory Commission of Sri Lanka said in a public notice that it is considering recommending to the President of Sri Lanka to issue a DTH license to MTV Channel for five years.

The public could make representation or objections before July 12.

Sri Lanka’s Dialog Axiata group is now the considered the market leader for pay TV, with a 452,000 subscriber base which grew 36 percent in the year to March 2014.

The firm said it had 77 percent market share and penetration was only 15 percent.

Dialog TV mostly has international content, but MTV Channel is a domestic content production company.

PEO TV, a unit of Sri Lanka Telecom, uses its wireline network to offer a pay TV service.

DTH firms based in India could also be viewed in Sri Lanka, providing some cross-border competition.

Though many countries have tried to restrict their citizens’ freedom to access cross-border content, newer technological innovations by private industry are reducing ruler or ‘sovereign’ control.

Pay TV known as ‘cable’ is coming under increasing pressure from cross-border internet based television.

Cable originally started in the US, as an innovation to remote or mountainous areas that could not easily be reached by terrestrial broadcasters.


Leave a Comment

Your email address will not be published. Required fields are marked *

Leave a Comment

Leave a Comment

Cancel reply

Your email address will not be published. Required fields are marked *

Sri Lanka to introduce social security system: minister

ECONOMYNEXT – Sri Lanka’s Labour minister has said that they are set to introduce a comprehensive national social security system, covering all workers.

“The system will address the weaknesses of the current system and provide much-needed support to workers and their families,” Manusha Nanayakkara, Minister of Labour and Foreign Employment said on X (formerly known as Twitter).
He did not specify the details.

Nanayakkara also spoke of the need for robust social security when he met with exporters last week to discuss labor law reforms, boosting female workforce participation and attracting FDI.

Sri Lanka plans to reform labour laws for an export-oriented economy.

The pandemic and the economic crisis highlighted the need to improve the coverage of social security.

Studies have shown that Sri Lanka’s women are kept out of formal employment by childcare, elderly care and housework, as day care and elderly homes are either too expensive or too few.

The government imposed a Social Security Contribution Levy to increase its revenue last year. (Colombo/Sep27/2023)

Related stories
Unpaid care work keeps Sri Lanka’s women out of workplace: Researchers

Sri Lanka’s pandemic-hit unemployment show need for social security: IPS

Continue Reading

Sri Lanka’s stocks up in trading on Wednesday morning

ECONOMYNEXT – Sri Lanka shares were picking up in trading on Wednesday morning.

Turnover was at 50 million. Trading in the Capital Goods Industry Group was driving turnover.

The All Share Price Index was up 0.37 percent or 41.78 points to 11,289.94, while the S&P SL20 was also up 0.68 percent or 21.66 points to 3,187.65.

Hatton National Bank, Commercial Bank and LOLC saw gains in morning trade, while Tokyo cement and Lanka Hospitals were trading down during morning trading. (Colombo/Sep27/2023)

Continue Reading

Sri Lanka rupee opens at 323.50/324.10 to the US dollar, bond yields stable

ECONOMYNEXT – Sri Lanka’s rupee opened at 323.50/324.10 to the US dollar on Wednesday, after closing on Tuesday at 323.70/324.20 to the US dollar, dealers said.

A bond maturing on 01.08.2026 was quoted at 15.50/70 percent on Wednesday up from Tuesday’s close at 15.45/65 percent.

A bond maturing on 01.05.2028 was quoted at 14.50/55 percent from closing at Tuesday at 14.30/55 percent. (Colombo/Sep27/2023)

Continue Reading