Sri Lanka is a country with a discreetly ageing population because of an increase in life expectancy and a decrease in birth rates. The demographic transition that is taking place is expected to result in the old and young representing a lopsided share of the population. According to the Department of Census and Statistics (DCS),…
The year-on-year growth of broad money (M2b) continued to expand at a high rate of 17.0 per cent in October 2015 compared to 16.0 per cent recorded in the previous month, driven by the expansion of credit extended to both private and public sectors by the banking system. Amongst contributory factors, credit granted to the…
Holcim (Lanka) Ltd, the only green cement manufacturer in Sri Lanka continued their renowned and popular animal rescue programme for a 7th consecutive year, in partnership with the International Union of the Conservation of Nature (IUCN) at the Puttalam quarry site. Maintaining its commitment to the conservation of the environment as part of the global…
Colombo stock market concluded another dull session on Wednesday ahead of the last monetary policy review of the year. Main index bagged 22.89 index points (+0.33%) to end at 6,870.63 while S&P SL20 index gained 7.42 index points or 0.21% to close at 3,605.07 despite the increase in treasury yield for the fourth consecutive week….
Colombo bourse drifted up in thin, choppy trade on Tuesday marking another lackluster trading session. The market remained largely inactive with turnover failing to exceed LKR 400mn in the last five sessions as the investors refrain from taking large positions at the year-end amid the mixed outlook for 2016. ASI gained 19.23 index points (+0.3%)…
RIYADH, Saudi Arabia (AP) — Saudi Arabia on Monday said this year’s budget deficit amounted to $98 billion (367 billion riyals) as lower oil prices cut into the government’s main source of revenue, prompting the kingdom to scale back spending for the coming year and hike up petrol prices. A royal decree announced that petrol…
Berlin (AFP) – It’s every cyclist’s dream: no red lights, no trucks, just a clear, smooth lane to zoom down with the wind in your face. Welcome to Germany’s first bicycle Autobahn. Fans hail the smooth new velo routes as the answer to urban traffic jams and air pollution, and a way to safely get…
Colombo bourse started weekly operations after Christmas break with negative returns on Monday. Investor participation continued to decline marking another lackluster trading session and the volume reached 21 month low of 4.8mn shares. Benchmark index advanced to 6,859 mark during the opening hours but failed to maintain the optimistic momentum to close lower at 6,828.51,…
At a recent Cabinet meeting the President has decided to cancel the 2016 budgetary proposal to increase the duty on electric cars from the existing 5 per cent to 50 per cent. Joint Cabinet spokesman and minister Gayantha Karunatilleke said that decision had been taken while considering the requests from various parties. Ada Derana Biz…
Venora International Projects (Pvt) Ltd is an Engineering Company which has contributed its expertise to several huge projects in Sri Lanka. Deshamanya Sagara Gunawardana, who is the Chairman of Venora International which is an engineering company with the highest ICTAD standards had this to say during an exclusive interview with Ada Derana Biz 24X7:
Video Story
