KOCHI: The Confident Group will sponsor the Men’s and Women’s cricket teams of Sri Lanka for the ICC Twenty-20 World Cup – 2016, to be held in India during the March-April period. Speaking at a press conference at Bolgatty Island here on Friday, as part of the 10th anniversary celebrations of the Group, chairman and…
The issue of Sri Lanka Development Bonds (SLDBs) for US$ 75 million has been oversubscribed with total bids received amounting to US$ 294.15 million, the Central Bank said on Friday (19). The Central Bank on behalf of the government offered to issue of US$ 75 million 1 Year 1 month, 2 Years 2 months and…
Broad money (M2b) continued to grow at a high pace, recording a growth of 17.8 per cent (year-on-year) in December 2015 compared to 13.4 per cent in December 2014. The year-on-year growth of credit granted to the private sector by commercial banks accelerated during the year, with a growth of 25.1 per cent in December…
LAUGFS Power (Pvt) Ltd today held the ground breaking ceremony and foundation stone laying for the largest solar power plant in the country, to be set up with an investment of around Rs.5 billion. The 20MW facility at Hambantota will be constructed by international experts deploying European technology. Sri Lanka currently depends on fossil fuel…
Education is indeed the bedrock for the future success of a youth, a country and a generation. It is an undeniable truth that a sound secondary and tertiary education would most certainly pave a path of greater success for the individual and society at large. This truth has been ingrained in citizens of Maldives to…
Northland Fonterra shareholders’ Councillor Murray Douglas is one of four dairy farmers from New Zealand who will travel to Sri Lanka and share his knowledge of the industry. Mr Douglas has been chosen to participate in a new farmer volunteer scheme where Sri Lankan dairy farmers would be taught skills in animal nutrition, prevention and…
The Intel Internet of Things (IoT) is showing its transformative potential all around the world. Recently in Japan we brought together industry partners from across Asia to share and showcase the latest in IoT technology and solutions. We also showcased the analytics insights generated by all that technology. IoT is entering a ‘2.0’ era in…
The Commercial Bank of Ceylon PLC, Sri Lanka’s largest private bank by assets, market capitalisation and profit after tax, has announced plans to raise Rs 5 billion via a debenture issue with an option to increase it by a further Rs2 billion, for the growth of the Bank’s lending portfolio and to further strengthen its…
Sri Lankan shares fell for a ninth straight session on Thursday to their lowest close in nearly twenty-two months as rising domestic interest rates and global economic worries dented investor sentiment. The main stock index edged down 0.19 percent at 6,208.89, its lowest close since April 29, 2014. It has fallen 2.87 percent in the…
Orient Finance PLC rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony marks the first trading day for equity shares issued by the company since its Initial Public Offering (IPO). Speaking at the event, Dr. D. C. Jayasuriya PC, Chairman at Orient Finance PLC stated “Stock…
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