Colombo bourse witnessed another lackluster trading session on Friday to wrap the weekly activities on negative note. ASI declined by 9.71 points or (-0.14%) to end at 7,020.74 while S&P SL 20 index declined by 9.42 points (-0.25%) to end at 3,773.71. Price depreciations in counters such as Bukit Darah (closed at LKR 600.00, -3.2%),…
Building experts and architects from South Asian countries will share their ideas on taking forward the Centre’s smart city mission, with a focus on ‘green building’, in the northeast. President of Association of Architects, Assam, (AAA), Tikendrajit Saikia said architects and experts from Pakistan, Sri Lanka and Bangladesh will take part in the seventh AAA…
Sri Lanka’s Supreme Court has ruled in favor of environmental groups that had taken on a biofuel company establishing a plantation in the buffer zone of a national park. Yala National Park, on the southern coastline of Sri Lanka, is one of the nation’s most popular parks, home to dense populations of both Asian elephants…
Celebrating 10 years of unparalleled growth, Derana sets the stage for imminent rise to the top! Marking probably the most important milestone in the history of the company, Derana recently celebrated its 10th anniversary with on air and off air excitement and pageantry. This celebration was symbolic of the channel’s rapid growth towards the top…
The history of State-Owned-Enterprises (SOEs) goes back to British colonial rule. Even after the Independence, ownership and management of commercial enterprises by the state were, justified by the parties identified with socialist ideology. State involvement in businesses increased due to regimes which gained power on a populist agenda. This trend was reinforced by a wave…
Three customs officials were arrested a short while ago while allegedly accepting a bribe of Rs. 125 million, the Director General of the Bribery Commission confirmed. This is the largest ever recorded bribe nabbed by the Commission to Investigate Allegation of Bribery or Corruption. Customs Superintendent Sujeewa Parakrama Jinadasa, Deputy Customs Superintendent Jagath Gunathilake and…
Colombo equities extended the losses for the third consecutive day where benchmark index touched 7,043 mark in the opening hours but failed to retain the positive momentum to close at 7,030.45, down by 9.87 index points or 0.14%. 20-scrip S&P SL index marginally increased by 1.96 index points or 0.09% to end at 3,783.13. Price…
Captain Suren Ratwatte assumes duties as the Chief Executive Officer of the national carrier, SriLankan Airlines, today. Capt. Ratwatte is an Airline Pilot with over 30 years of experience in the field whose first appointment was with SriLankan’s predecessor, Air Lanka in 1984. Thereafter, he joined Emirates in 1989, where he held several positions in…
Playboy magazine is to stop publishing images of naked women as part of its redesign, it has emerged. Its US owners say the internet has made nudity outdated, and pornographic magazines are no longer so commercially viable, the New York Times reports. Playboy’s circulation has dropped from 5.6 million in the 1970s to the current…
Colombo shares tumbled further on Wednesday despite decrease in Treasury bill yields for the first time in six weeks. Concerns on economy and departure of Carin India, the gas explorer in coast of Mannar affected the investor sentiment. Benchmark ASI declined notably by 38.13 points or 0.54% to end at a three month low of…
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