Perhaps it is time for Sri Lanka Telecom Regulator to be renamed ‘Telecom Revenue Commission’ as it generates more revenue for the government than two state banks and Port and the Petroleum Corporation, suggests Rohan Samarajiva in his column to Lanka Business Online. The 3.5 billion rupee question: Does it regulate? The answer may interest the new boss, Anusha Palpita, who took over the reins few days back. “There is no problem with the administrative aspects, but I will have to get a grip on the technical side of TRCSL’s functions and duties”, he said to The Island- Sunday Edition yesterday.
Sri Lanka’s infrastructure industries are in very bad shape, with reforms postponed, billion-rupee losses in electricity and petroleum and predictions of power cuts in 2007. In the blog of one of the business publications we read regularly, the following comment had been made by a reader. What is interesting is that she/he points to the good conditions in the telecom industry, no strikes, lower prices, etc. LANKA BUSINESS ONLINE – LBO If you had more competitive markets, without the government trying to control everything, you would have immediate price reductions. The producer that passes on the benefits to the consumer will have higher sales, if he beats his competitiors to the price-cut.