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Stock Market Review

Equity market ended on Thursday with negative returns as All share price index declined by 8.50 (-0.14%) points to close at 6,075.05 and S&P SL 20 index declined by marginally 0.82 points (-0.02%) to close at 3,345.14. Price depreciations in counters such as Sri Lanka telecom (closed at LKR 47.50, -0.2%), John Keells Holdings (closed…

(0)Comments | April 10, 2014 10:46 am

NDB sells Maldives shares, brings dollars to Sri Lanka

The National Development Bank (NDB) has sold 35 percent of its shares of a Maldivian finance company for USD 1.1 million. The NDB said it had sold some 224,875 of its shares with the Maldives Finance Leasing Company. A Maldivian company, Tree Top Investment has bought these shares from NDB.

(0)Comments | April 10, 2014 10:45 am

LIOC prepares to celebrate higher profits

Lanka India Oil Company (LIOC) has increased its profits during the last quarter ended on 31 March 2014, said the company’s chief. While speaking to AdaderanaBiz, LIOC Managing Director Sobodh Dakwale said, “Though we have still not released our financial statement for the last quarter ending 31 March, we can confidently say that the profits…

(0)Comments | April 10, 2014 6:23 am

Toyota Lanka on look out for recalled vehicles in Sri Lanka too

Reports in the international media yesterday indicated that manufacturers of the popular Toyota motor vehicles was recalling 6.4 million of its vehicles world-wide due to various manufacturing defects. When AdaderanaBiz inquired from Toyota Lanka General Manager – Services, Matheesha Samaranayake whether there are any such defective vehicles among those sold in Sri Lanka as well,…

(0)Comments | April 10, 2014 6:09 am

Stock Market Review

Colombo shares managed to sustain the positive momentum to close with higher returns. Benchmark All share price index advanced by 11.39 (+0.19%) points to end at 6,083.55 and S&P SL20 index advanced by 19.26 points (+0.58%) to end at 3,345.96. Price appreciation in counters such as Lion Brewery (closed at LKR 390.00, +4.8%), Ceylinco Insurance…

(0)Comments | April 9, 2014 12:43 pm

Southern Expressway earns Rs. 3.4 million per day

It has been revealed that the Southern Expressway has earned a normal daily income of Rs. 3.4 million in 2013 and that around 8,700 vehicles have used the expressway per day. This has been stated in the Annual Report of the Central Bank of Sri Lanka. If the daily income has been Rs. 3.4 million…

(0)Comments | April 9, 2014 10:53 am

Toyota to recall 6.4 million vehicles

Toyota is recalling 6.4 million vehicles globally, including 35,124 in the UK, over five separate issues. Some 3.5 million vehicles are being recalled to replace a spiral cable attached to the driver’s side airbag. It may be damaged when the steering wheel is turned and result in the airbag not being deployed in a crash….

(0)Comments | April 9, 2014 10:12 am

Controlled price on rice from midnight

A controlled price for rice will be imposed from midnight today. White raw will be Rs. 66 per kg, red raw Rs.60, white nadu Rs. 68, red nadu Rs.66 and samba at Rs. 77 per kg.  

(0)Comments | April 9, 2014 9:22 am

Offer to Chinese company reclaiming land for Colombo Port City

The Central Bank of Sri Lanka (CBSL) has revealed how land within the Port City planned to be built on reclaimed land near the Colombo harbor would be offered to investors. According to the 2013 CBSL Annual Report, this new city would come up on land reclaimed from near the new extended harbor’s breakwater up…

(0)Comments | April 9, 2014 7:09 am

New car sales hit 10 year high in March

Sales of new cars rose at their fastest pace for a decade, the Society of Motor Manufacturers and Traders (SMMT) has said. There were 464,824 new car registrations, a rise of 17.7% on a year earlier. The sales figure was also the second-highest on record since the introduction of twice-yearly car registrations in 1999. In…

(0)Comments | April 8, 2014 7:09 pm

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