Colombo stock market started weekly operations with a lackluster trading session where benchmark index witnessed losses to snap the three day winning streak. All share index shed 9.27 index points (-0.13%) to close at 7,050.21 while 20-scrip S&P index declined by 0.07% (-2.65 index points) to close at 3,821.97. Price declines in blue-chips such as…
Upul Daranagama, the chairman of the Horizon International University and International School discusses with adaderanaBIZ 24×7 on how the huge funds draining out of Sri Lanka for foreign education activities and other relevant matters:
The government has launched a programme for the revival of the small-scale tea, rubber growing sector through financial assistance from the International Fund for Agricultural Development (IFAD). Under this programme, assistance is to be provided to enhance the productivity of 5,500 hectares of existing tea plantations in the districts of Matara, Galle, Ratnapura, Badulla and…
The Ceylon Tobacco Company (CTC) has paid the government Rs. 68.6 billion as taxes, states its recently released annual financial report for the first 09 months of 2015. This is a growth of over 27 per cent that the CTC had paid the government during the first nine months of 2014. The CTC has earned…
The government has taken steps to introduce a ‘Smart Electricity Metre’ to the national grid aimed at improving the technology of power generation, distribution and usage for greater economic gains to the country. Approval has been obtained for a proposal by Power & Renewable Energy Minister Ranjith Siyambalapitiya for a Rs. 49.2 million joint venture…
At the prestigious 14th SLIM Brand Excellence award ceremony held in Colombo, Sri Lanka, on 5th November 2015, “Lanka Vision” a brand name of Yasiru Multimedia Pty Ltd, Sydney Australia was honored with the best Regional Recognition Award for brand excellence. “Lanka Vision” is a house hold name in Australia and Yasiru Multimedia Pty Ltd,…
Sri Lankan brand development consultant Michel Nugawela has been invited to address the upcoming International Leadership Symposium on Ethics in Business to be held on 21 November 2015 at the European Parliament in Brussels. The theme of the conference is “The Double Bottom Line – How Rich We Really Are”. The invitation was extended to…
Colombo stock market concluded weekly operations on optimistic note to stretch the winning streak for the third consecutive day amid the higher market activity following the premier’s statement on economic reforms. All share index advanced by 0.7% or 48.85 index points to end at 7,066.24, recording the highest intra-day gain after 8 weeks. 20-scrip S&P…
While daily trading was very active at the Colombo Stock Exchange, by 10.50 am all share indexes rose by 52 points while recording a value of 7,069.96. Similarly, there was a transaction of over Rs. 500 million recorded during the first one and a half hours. The Prime Minister’s address in Parliament yesterday (05 November)…
Offers 7-year loans of up to Rs 25 million at concessionary interest for initiatives that will make businesses more eco-friendly The Commercial Bank of Ceylon has announced the launch of Green Development Loans, throwing its weight behind efforts by businesses in Sri Lanka to make their operations more eco-friendly. The country’s largest private bank said…
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