The non-performing loan percentage of Lanka Puthra Development Bank which assisted in facilitating small and medium businesses has hugely increased to 46.7 percent by end 2013, it has been revealed. In 2012 the bank’s non-performing loan was 45.8 percent. Hence, the government is to focus more attention on the weaker loans of the bank. This…
Sri Lanka Cricket (SLC) has received the major share of its match fee for participating at the ICC Twenty20 World Cup Cricket Tournament where Sri Lanka ended as champions, said SLC treasurer Nuski Mohamed. SLC which had recorded losses last year would be able to record some gain this year, said Nuski Mohamed. Apart from…
It’s Ibrahim Hamadto’s turn to serve. Holding the bat in his mouth, the Egyptian para-table tennis champion gets the rally going by flicking the ball up high with his right foot. Sinking through the air, the delicate white sphere meets his racket and comes out charging like a bullet with a powerful spin. Hamadto, 41,…
A lawmaker from Indian Prime Minister Narendra Modi’s ruling party has described rape as a social crime, saying “sometimes it’s right, sometimes it’s wrong,” in the latest controversial remarks by an Indian politician about rape. The political leaders of Uttar Pradesh, the state where two cousins aged 12 and 14 were raped and hanged last…
It already holds the record for the quickest lap round the Top Gear track but now the Ariel Atom has become the world’s fastest panda car. Avon and Somerset police force has taken delivery of one of the 155mph cars which has been painted in the force livery and fitted with special aerodynamic blue lights….
Colombo bourse closed in opposite directions on Thursday, as benchmark All share price index marginally lost 5.90 points (-0.09%) to end at 6,280.16 while S&P SL 20 index marginally gained 1.43 points to end at 3,473.43. Price declines in counters such as Sri Lanka Telecom (closed at LKR 46.50, -3.1%), Bukit Darah (closed at LKR…
An international consultant is reportedly to be brought in to handle matters relating to the merger of the National Development Bank (NDB) and the DFCC Bank under the programme to merge Sri Lanka’s banks and financial institutions. NDB Bank head Sunil Wijesinghe told AdaderanaBiz work on selecting this international consultant is in progress now and…
Colombo equities managed to close on positive territory as both indices witnessed marginal returns. All Share Index gained 0.04 index points or 0.00% to close 6,286.06 while 20-scrip S&P SL index gained 1.25 index points or 0.04% to end at 3,472.00. Price appreciations in counters such as Dialog Axiata (closed at LKR 10.00, +2%), Ceylon…
Though it is raining in most parts of Sri Lanka these few days, it has been revealed that there is no progress in the electricity generation. While commenting on this, Ceylon Electricity Board (CEB) chairman W.B. Ganegala told AdaderanaBiz that only 16 percent of the daily electricity needs are being generated through hydro power. “Though…
Dairy product prices continued their drop to the lowest level since February 2013 in the latest GlobalDairyTrade auction, paced by rennet casein and whole milk powder. The GDT price index dropped 4.2 per cent to US$3,756 a tonne, the eighth consecutive drop and the lowest since February 2013. Some 37,012 tonnes of product was sold,…
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