Managing Director and Chief Executive Officer of Colombo Dockyard Ltd. Mangala Prema Banda Yapa has retired from his post. Onomichi Dockyard Co. Ltd of Japan which is the major shareholders of Colombo Dockyard Ltd. has appointed Ranil Wijegunawardene as the Managing Director and Chief Executive Officer.
NEW YORK — BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships. “If I cannot make money on handsets, I will not be in the handset business,” John Chen said…
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…
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.
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…
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,…
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…
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…
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….
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.
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