The World’s Biggest Car Company Wants to Get Rid of Gasoline

The first thing you notice about the Mirai, Toyota’s new $62,000, four-door family sedan, is that it’s no Camry, an international symbol of bland conformity. First there are the in-your-face, angular grilles on the car’s front end. These deliver air to (and cool) a polymer fuel-cell stack under the hood. Then there’s the wavy, layered…

(0)Comments | December 19, 2014 10:49 am

Downward trend in cheque usage in Sri Lanka

There is a downward trend in the usage of cheques in Sri Lanka, says the Chief Executive Officer of Lanka Clear which handles the cheque clearance in the country. While speaking to www.adaderanabiz.l, Lanka Clear CEO Sunimal Weerasuriya said around five years ago his institution handled some 200,000 cheque clearances per day and that now…

(0)Comments | December 15, 2014 2:25 pm

Wanted: A new trend in Sri Lanka’s building construction – Video Interview

Sri Lanka has to focus more attention on the building of Green Homes and buildings, says Chairman of the National Construction Association of Sri Lanka, Dr. Rohan Karunaratne. He says that the country could gain long term benefits through this. This is a special discussion which BIZ 24×7 of the Ada Derana 24×7 channel had…

(0)Comments | December 15, 2014 2:11 pm

Sri Lanka Central Bank’s policy interest rates unchanged amid great expectations

The Central Bank of Sri Lanka (CBSL) has decided to keep its policy interest rates which decide the interest rates of commercial banks unchanged for December as well, while taking into consideration the prevailing economic trend. Accordingly, the CBSL policy interest rate for December 2014 will continue to be between 6.50 to 8.00 per cent….

(0)Comments | December 12, 2014 3:57 pm

Central Bank Governor rejects Auditor General’s disclosure on EPF -Video Interview

The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal, in an exclusive interview with Ada Derana ‘Biz 24X7’ denies that the Employees Provident Fund (EPF) has incurred heavy losses by investing in the Stock market, as claimed by a special disclosure made by the Auditor General in the 2012 annual report released…

(0)Comments | December 5, 2014 2:52 pm

The 17 Most Corrupt Countries In The World

Transparency International has published its 2014 Corruption Perceptions Index (CPI), which ranked 175 countries and territories based on how corrupt their administrative and political institutions are perceived to be on a scale from 0 (highly corrupt) to 100 (very clean). Compiled from a combination of surveys and assessments of “the abuse of entrusted power for…

(0)Comments | December 3, 2014 10:35 pm

Beware! More rackets after fall in motor vehicle prices.Take care of your cash- video Interview

The prices of motor vehicles have gone down as never before due to the price reduction through the Budget and the depreciation of the Japanese Yen. However, several rackets too have raised their heads where certain persons promise the prospective vehicle buyers that they would import their vehicles and obtain the money in advance, says…

(0)Comments | November 29, 2014 12:22 pm

Isn’t it unreasonable for commercial banks to maintain a higher interest margin? Commercial Bank Chairman replies – Video interview:

Ada Derana 24×7 News Channel’s BIZ 24×7 held a special discussion with Commercial Bank Chairman Dharma Dheerasinghe on the performance of commercial banks and current economic trends against the backdrop of the prevailing low interest environment. The discussion on video:

(0)Comments | November 26, 2014 11:59 am

Sri Lanka Central Bank Warns on Yen Weakness

The fall of the yen against the dollar has raised the specter of competitive depreciations that could upset Asia’s monetary order, the governor of Sri Lanka’s central bank said. Ajith Nivard Cabraal said Sri Lanka would likely benefit, in the short term at least, since the sliding yen makes it easier for the country to…

(0)Comments | November 25, 2014 9:40 am

Think before you jump! What to know about China-Sri Lanka FTA – Video Interview

In an interview with Ada Derana ‘Biz 24X7’ Professor of the University of Sri Jayewardenepura (USJP) Ranil De Silva says that Sri Lanka could gain more benefit by the proposed China-Sri Lanka Free Trade Agreement (FTA) by developing production giving prominence too science and technology.

(0)Comments | November 22, 2014 12:35 pm