The Employees Provident Fund (EPF) has released its 2012 annual report where the Auditor General has made a special disclosure of the Fund’s investments and their income. Auditor General H.A.S. Samaraweera’s annexure to this report states by 16 December 2013 the EPF had incurred a loss of Rs. 14.4 billion from its investments of Rs….
Most Sri Lankans by now use various digital data including Facebook, credit cards etc. However, using these data securely and the actions to be taken in case they are misused are very essential. BIZ 24×7 of Ada Derana 24×7 held a discussion regarding this issue with Senior Lecturer of the Law Faculty of the Kotelawela…
Pelwatte Dairy Industries, Master Divers and Maubima Lanka Foundation Chairman Ariyaseela Wickremanayake joined Biz 24×7 of the Adaderana 24×7 Channel for an exclusive interview.
You’d have to be heroic — or perhaps willing to break the law — to start a business in Venezuela, Afghanistan or Libya. They’re among the lowest-ranked economies in the World Bank’s latest “Doing Business” report, which scores 189 nations based on how hard it is to run a company there. Being an entrepreneur in…
Royal Ceramics Lanka PLC has incorporated a fully owned subsidiary by the name of Rocell Pty Limited in Australia to engage in the wholesale and retail business of floor and wall tiles and bathware. The initial investment in this subsidiary is 525,000 Australian dollars which is equivalent to Sri Lankan Rs. 61.5 million.
Asia Energy Management Systems, the second largest investor in Vallibel Power Erathna, the minor hydro power project under prominent Sri Lankan businessman Dhammika Perera, has sold its 21 per cent shares this morning (04 November) for nearly a billion rupees. A member of the Vallibel Power Erathna directorate, Nimal Perera told adaderanabiz.lk that each share…
Toyota Lanka Private Limited, the Sri Lankan subsidiary of the famous vehicle manufacturer Toyota, has reduced the prices of vehicles being sold in Sri Lanka in accordance with the 2015 Budget proposals. Toyota Lanka General Manager Eshan Cooray told adaderanabiz.lk that the prices of the latest Prius C hybrid vehicle being sold in Sri Lanka…
The New Industrial revolution Big Data and the Internet of Things (IoT) is revolutionizing the world around us – from the medical care we receive to the way retailers market to us – but how is the manufacturing industry benefitting from it? Large manufacturers have been analyzing data to optimize production and processes for many…
Sri Lanka’s bank interest rates have seen a historic low now. Some banks have already lowered their housing loan interest rates to 10.5 per cent. Overall, the current interest rate on housing loans remains at a 12 per cent level. Hence, the banks should reduce the interest rates of those who had obtained housing loans…
Hinduja group flagship company Ashok Leyland has received an order worth $17 million (around Rs. 104 crore) to supply 630 buses to Sri Lankan operators. The company, through its joint venture in Sri Lanka, has received an order for 630 buses worth $17 million from private bus operators, Ashok Leyland said in a filing to…
Video Story
