Ceylon & Foreign Trades PLC has purchased the property and buildings at No. 258, Vincent Perera Mawatha in Colombo 14 for Rs. 1,015,501,066. This transaction has been made with the approval of shareholders with more than 75 per cent shares in the company.
Leading global software development company, IFS announceditspartnershipwith the University of Moratuwa to establish anIFS Endowed Chair for Innovation and Entrepreneurshipat the University of Moratuwa,at a press briefing held in Colombo today.An agreement establishing thiswas signed between IFS and the University of Moratuwa in the presence of dignitaries and members of the media. The partnership marks…
Real estate in Sri Lanka has become an attractive post-war investment option attracting major foreign investment. Backed by development initiatives launched by the government and ambitious plans afoot by the private sector, its future looks promising. Foreign investors have been quick to sense this evolution with reputed multinationals such as Hong Kong’s Shangri-la, India’s Krrish…
The import duty on big onions increased from Rs. 35 to Rs. 50 with immediate effect, Minister of Cooperatives and Internal Trade Johnston Fernando said a short while ago.
The Rubber Research Institute (RRI) has found that rubber could be grown as a commercial crop in the North and East and has already started pilot projects. While talking to Adaderanabiz.lk, RRI Director Dr. Gamini Seneviratne said that these plantations have been very successful. This is the discussion BIZ 24×7 of the Ada Derana 24×7…
Colombo equities managed to maintain the momentum gained on last Friday and both indices closed with notable gains. Core index gained 121.78 index points or 1.7% to close at 7,275.68 while 20-scrip S&P SL index advanced by 69.55 index points (+1.8%) to end at 4,040.67. Shares gained across the board during today’s session and the…
A youth team from Sri Lanka, comprising Vimukthi Liyanage and Shameera Weerasinghe has been successfully included among the nine finalists from the 317 competitors from some 60 countries world-wide in the GBG Success Stories competition organized by Google. This victory is for Mogo Reader, a personal mobile reader which enables to experience the new mobile…
Facilities have been made to enable financial payments through credit cards and mobile phones to obtain vehicle revenue licenses. These facilities will be made available starting from the Southern Province, says the government owned Information and Communication Technology Agency of Sri Lanka Limited (ICTA). ICTA adds that facilities would also be arranged in the Southern…
During the month of November 2014, further progress was made by banks and finance companies and leasing companies (NBFIs) on the financial sector consolidation process. •The proposed amalgamation of the Merchant Bank of Sri Lanka PLC, MCSL Financial Services Ltd and MBSL Savings Bank Ltd has reached the final stage of completion. The necessary shareholder…
Colombo equities conclude the weekly operations in a mixed note on Friday where main index bagged 38.01 points or 0.53% to end at 7,153.90 and 20 script S&P SL 20 index lost marginally 6.03 points or 0.15% to end at 3,971.12. During the week All share price index lost 247.72 points (-3.3%) while S&P SL…
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