The Toyota Motor Corporation announced on Friday an ambitious $50 million robotics and artificial intelligence research effort, in collaboration with Stanford University and the Massachusetts Institute of Technology, to develop “intelligent” rather than self-driving cars. The distinction is a significant one, according to Gill Pratt, a prominent American roboticist, who has left his position at…
Renowned economist Dr. Indrajit Coomaraswamy will be the Chief Guest and deliver the keynote address at the 161st Annual General Meeting (AGM) of the country’s apex plantation industry body – the Planters’ Association of Ceylon – to be held on Friday, 11th September. Dr. Coomaraswamy, who previously served as Director, Economic Affairs Division and Deputy-Director,…
Dull investor sentiment drove Colombo equities to negative territory on Friday. Bourse snapped gains recorded in previous session to touch 6 week low of 7,215.11 with a decline of 30.39 index points or 0.42% while 20-scrip S&P SL index shed 21.01 index points (-0.53%) to end at 3,957.83, recording a 7 week low. Premier blue-chips…
United National Party Colombo District Member of Parliament Ravi Karunanayake has been appointed as Finance Minister in the new Cabinet led by Prime Minister Ranil Wickremesinghe.
The Otara Foundation has appealed to President Maithripala Sirisena to intervene to prevent wild animals rescued from forests being sent to zoos instead of being returned to the wild. Otara Gunewardene has in a letter addressed to the President brought to his attention the case of four sloth bear cubs and a leopard cub now…
Toyota has recently filed a strange patent that hints the company may be developing a flying car. The patent was filed in the U.S. and published today for a “stackable wing for an aerocar.” The patent was originally filed on March 2, 2014 and its abstract reads: “A wing includes an upper surface that forms a generally…
Consequent to the signing of a special currency swap agreement for US$ 1.1 billion by the Central Bank of Sri Lanka (CBSL) with the Reserve Bank of India (RBI) on 17 July 2015, the CBSL has received US$ 1.1 billion Thursday, 03rd September 2015. This is in addition to the US$ 400 million received in…
The rupee closed at an all-time low on Thursday as a State-run bank, through which the Central Bank usually directs the market, raised the currency’s peg against the dollar by 25 cents to allow the exchange rate to depreciate. The rupee ended 0.19% weaker at 134.75 per dollar compared with Wednesday’s close of 134.50, the…
South Korean electronics firm Samsung said on Wednesday said it is launching Galaxy Tab S2 at Rs 39,400. The company claimed that it is the world’s slimmest tablet. “The Galaxy Tab S2 is the world’s slimmest tablet. The Galaxy Tab S2 combines features that enhance productivity and usability for a complete user experience powered by…
Colombo stock market drifted sideways on Thursday to record mixed returns with low turnover and volume. Benchmark index dipped to 7,239 but gained ground to close at 7,245.50, up by 5.11 index points or 0.07%. 20-scrip S&P SL index slightly declined to end at 3,978.84, down by 1.06 index points (-0.03%). Price advancement in…
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