Subscribers to Dialog TV, the Dialog group’s paid digital television broadcasting arm, has grown to 534,000 by end June 2015, says the company. This is a growth of 37 per cent when compared against the same period of last year. Dialog TV (DTV) seeing a 25 per cent growth in revenue to Rs. 2.8 billion…
By Shihar Aneez Sri Lanka is offering a compromise that could allow a major Chinese-backed real estate project to restart after months of delays, Finance Minister Ravi Karunanayake told Reuters on Monday. The minister’s comments come a week before a parliamentary election in which the ruling party has an edge over an opposition led by…
A senior United Nations official says Islamic State is circulating a slave price list for captured women and children, and that the group’s ongoing appeal and barbarity pose an unprecedented challenge. The official, Zainab Bangura, said that on a trip to Iraq in April she was given a copy of an Islamic State pamphlet, which…
Latest data released by the Central Bank of Sri Lanka indicates that in Sri Lanka’s import growth, vehicle imports stand second to all others during the first five months of the current year. The growth in vehicle imports to Sri Lanka has risen significantly by 93.9 per cent from January 2015 to May 2015 as…
Nissan is set to offer a choice of Leafs with different batteries increasing the electric car’s range up to the 250-mile mark The UK’s best-selling electric car, Nissan’s Leaf, will be able to go further on each charge from 2016 as Nissan is set to offer a 30kw battery in addition to the current 24kw…
The world’s biggest automaker, Toyota, is recalling about 625,000 hybrid cars around the world to fix a software glitch. A fault in the software could lead it to shut down the hybrid system while the car is being driven, it said. Models affected by the recall include Prius V minivans, called Prius Alpa and Prius+…
President Maithripala Sirisena said that he had told Prime Minister Ranil Wickremesinge that the best option for the Governor of the Central Bank of Sri Lanka (CBSL) in the face the recent controversy over the bond issue was for him to resign. During the special address last evening (14 July), commenting on this issue the…
The construction of the Colombo-Kandy Central Expressway is to be implemented in four phases by dividing its full length into four parts according to the recommendations of the Cabinet Subcommittee on Economic Affairs. The first phase would be from Kadawatha to Meerigama with the loan assistance from China EXIM Bank. The second would be the…
THE Dubai-based Gammon Group will develop a Free Zone and implement other projects worth $1.2 billion in Sri Lanka, according to its Chairman Sheikh Rafik Mohammed. “The government of Sri Lanka has agreed to provide all the facilities, including 700-800 acres of land, for setting up of the projects in the pattern of Dubai Free…
If the United National Party (UNP) wins at the upcoming General Elections and forms a government, a new Budget proposal based on the party’s policies would be presented, said Policy Planning and Economic Affairs Deputy Minister Harsha de Silva. He stated this when he spoke to www.adaderanabiz.lk. Recently, the new government introduced an interim budget…
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