W.W.D. Nimal Hemasiri Perera acquired 33,489 ordinary shares in Kalamazoo Systems PLC on 10 September 2015, constituting approximately 67 per cent of the total shares in issue at a price of Rs. 1,067.70 per share, which together with the 500 shares already held aggregates to a holding by him of 33,989 ordinary shares constituting approximately…
Porsche and Audi are hoping to challenge Tesla in the luxury electric car market, but Elon Musk can sleep easy for now. Both are still years away from production. Porsche unveiled its first all-electric concept car at the Frankfurt auto show Tuesday. It looks like a futuristic version of the Porsche 911. The German sports…
After years of users’ pleas seemingly falling on deaf ears, Facebook is officially — finally — building some kind of “Dislike” button. CEO Mark Zuckerberg revealed the plans for such a button during a Q&A session at the company’s headquarters Tuesday. The idea for such a new feature, which the social network plans to begin…
The lowest ever depreciation in history of the Sri Lankan Rupee against the US Dollar was recorded today (15 September). At the close of the money market today, the Sri Lankan Rupee recorded Rs. 140.25 against the US Dollar. The historic depreciation of the Rupee against the US Dollar is due to the lack of…
They are yet to hit the shelves, but activists are already campaigning against the sale of so-called sex robots, which may be “harmful and contribute to inequalities in society.” Several companies are developing robots that can be used as sexual substitutes for humans, leading to the launch of the “Campaign against sex robots” on Tuesday…
Colombo equities showed a lack of direction throughout the trading session on Tuesday and ended the day little changed. Investors hovered on the sidelines with little incentive to make a notable move as domestic economic concerns and possibility of fed rate hike weighed on the investor sentiment. The positive opening in todays’ session, failed to…
Sri Lanka hopes to hammer out an economic partnership deal with India this year, its prime minister said on Tuesday, seeking to strengthen the Indian Ocean island’s ties with its big neighbour and reduce its dependency on Chinese investment. Prime Minister Ranil Wickremesinghe, visiting New Delhi on his first visit abroad since winning a general…
Colombo equities started the weekly operation on a positive note ahead of the UNHCR sessions. Benchmark All Share Price index gained 8.95 index points or 0.13% to end at 7,162.44 while S&P SL 20 index advanced by 5.33 (+0.14%) to end at 3,919.61. Price appreciations in counters such as Commercial Bank (closed at LKR 168.00,…
His Excellency Kenichi Suganuma, Ambassador Extraordinary and Plenipotentiary of Japan in Sri Lanka says there is renewed interest shown by Japanese businesses to invest in Sri Lanka. He said the formation of a national government and the new government’s call for investors to arrive in Sri Lanka has propelled the new found interest by the…
The world’s wealthiest mafia group, Japan’s Yamaguchi-gumi yakuza, is undergoing a schism that could spark violent gang wars and have significantly affected businesses in and outside of Japan. The Yamaguchi-gumi, which Morgan Stanley analyst Robert Feldman once called Japan’s second largest private equity group, operates in 44 of Japan’s 47 prefectures, with a yearly net…
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