Apple CEO Tim Cook was on 60 Minutes Sunday and was asked by Charlie Rose about his company’s manufacturing practices in China. He said that it has nothing to do with the fact that American workers demand higher wages. He said it was because the Chinese have more skill. “…Let me be clear,” Cook told…
Colombo bourse started the short trading week in opposite direction with a lackluster trading session as investor remained on sidelines ahead of the holidays. All share index snapped the five day winning streak to close at 6,881.75, down by 2.94 index points or 0.04% while S&P SL20 index gained 4.39 index points or 0.12% to…
The Australian billionaire James Packer has quit the board of Crown Resorts Ltd, four months after stepping down as chairman, as the casino group grapples with falling revenues in the Asian gambling hub of Macau. In a statement on Monday, Packer, who owns 53% of the A$9bn company, did not give a reason for stepping…
SriLankan Airlines became the first airline to offer BBC News, AFP Sports and AccuWeather with live updates while in flight on the latest Thales Avant System, giving passengers real-time information on news, sports and weather around the world. Chanaka Olagama, SriLankan’s Head of Service Delivery, said: “We at SriLankan Airlines are constantly seeking new and…
My team and I recently traveled to Sri Lanka and saw firsthand its great appeal as a tourist draw. We crisscrossed the country by air and by automobile, visiting a few of its cultural attractions and speaking with officials there. Along the way we gained a better understanding of the people and the business climate….
Colombo stock market extended the winning streak for the fourth consecutive day to conclude the weekly operations with positive returns on Friday, ahead of the final vote on budget 2016. Benchmark index stagnated in 6,874 mark in the first half but managed to close higher at 6,886.37, with an increase of 0.38% or 26.38 index…
Fitch Ratings has assigned Singer Sri Lanka PLC’s (Singer; A-(lka)/Stable) proposed unsecured senior debenture issue of up to LKR3bn a National Long-Term Rating of ‘A-(lka)(EXP)’. The debentures are likely to have a three-year tenor with a fixed coupon. The proceeds of the proposed issue will be used to refinance existing debt, restructure short-term debt and…
In the world of technology nothing stands still. The rapid pace of innovation we’ve seen across all IT in 2015 will continue into 2016 without a doubt and usher us all into an era of seamless computing. Technology has become a quintessential part of our daily routine and future of computing and technology looks bright….
Colombo equity market extended the gains for the third consecutive day amid the increase in fed rates for the first time since 2006. Benchmark index opened at 6,834 and steadily increased to end the session at 6,859.99, up by 26.48 index points or 0.39% while S&P SL 20 index advanced by 13.40 index points or…
According the recently released Supplementary Environmental Impact Assessment (SEIA) report, Colombo Port City (CPC), upon completion of reclamation works, will incorporate solutions for integrated management of energy, water and waste for long-term environmental sustainability and for creating a comfortable environment for its occupants, according to an eco-cycle concept, say the China Communications Constructions Company and…
Video Story
