Sri Lanka will be in the international spotlight this December when the Lankan owned company Code Gen International reveals its first fully electric super car, ‘Vega’. Brainchild of Code Gen CEO Harsha Subasinghe, this project was initiated to show that Sri Lanka can take on projects of this magnitude and successfully deliver. Code Gen, privately owned by…
From an investor’s point of view, the case for Sri Lanka is getting strong. In the rear view mirror, yet still lurking and causing hesitation for some, are the Sri Lankan Civil War that ended in 2009 and the market bubbles that followed the war’s end through 2011. While there are risks to investing anywhere,…
The Cabinet has approved awarding the contract for providing consultancy services to carry out the feasibility studies, environmental impact assessment etc for the Ruwanpura or Ratnapura Expressway Project. The proposed 71 kilometre Ruwanpura Expressway commences from the Kahatuduwa Interchange of the Southern Expressway and ends at Pelmadulla on the third kilometre of the Pelmadulla-Embilipitiya-Nonagama Road….
Airline continues to grow its all-Airbus fleet with its newest member SriLankan Airlines, the national carrier of Sri Lanka, has taken delivery of its first A330-300 becoming a new operator for the type. The wide-body aircraft arrived at Colombo International Airport, having flown from Toulouse, France, and joins the airlines’ existing fleet of A320, A321,…
Apple chief executive Tim Cook has publicly acknowledged his sexuality, saying that he is “proud to be gay”. Mr Cook made his announcement to try to help people struggling with their identity, he wrote in a Bloomberg Businessweek article. He has been open about his sexuality, but has also tried to maintain a basic level…
Known only as The Shooter the man will be unmasked in a Fox News documentary on the operation to find and kill Bin Laden, who masterminded the 9/11 terror attacks. The two-part show – titled The Man Who Killed Osama Bin Laden – will air in November. The documentary will provide new information about Operation…
There will be a marked decrease in the prices of motorcars and vans under the below 1000 cc engine capacity due to the new simple tax system introduced through the 2015 Budget proposals, chairman of the Vehicle Importers’ Association of Sri Lanka, Sampath Merinchige told adaderanabiz.lk. He added that though there could be a slight…
The customs duty on motorcars would decrease by around 20 to 25 per cent and on vans by around 25 to 65 percent due to the new tax amendments imposed through the 2015 Budget proposals, says the Deputy Secretary to the Finance Ministry. Finance Ministry Deputy Secretary S.R. Attygalle told adaderanabiz.lk that these Budget proposals…
America’s youngest self-made female billionaire is 30 years old and a college dropout. The company she founded has the potential to change health care for millions of Americans. Elizabeth Holmes left Stanford University at 19 with a plan to start her own company. For money, she cashed out the funds her parents had saved for…
The Scout Troop of Kingswood College, Kandy – the 2nd Kandy Scout Troop which was founded on 4th March 1914 – commemorates its Centenary with a four day series of mountain climbing events around the country from 23 to 26 October under the theme ‘To the Summit, United’. The marked difference in this event is…
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