John Keells Holdings PLC together with its subsidiaries has increased its shareholding in Rajawella Holdings Limited from 16.9 per cent 51.0 per cent. Rajawella Holdings operates an 18-hole Donald Steel designed golf course at Digana in Kandy which, together with the development potential of the land bank complements the group’s leaiure and property portfolios. John…
Leading Sri Lankan textile manufacturer South Asia Textile Industries Lanka recently kicked off a highly ambitious expansion programme, having already begun investing what will ultimately be over Rs. 1 Billion, in total, in the latest 5th Generation Hybrid/Nano technology used in state-of-art textile machinery in all its divisions. These upgrades, comprising high-speed knitting machines from…
Nissan says that its updated Leaf electric car boasts an improved range of 250km thanks to the introduction of a new 30kWh battery. This represents about an 70km improvement over the existing model’s claimed range. The Japanese automaker says the new battery doesn’t affect internal packaging at all, featuring the same exterior dimensions as the…
Rohan Samarajiva Why trade agreements? If Sri Lanka is to escape the middle-income trap, we must increase exports. Not only of goods, but of services. We can do this only by having the legal frameworks that provide the flexibilty to participate in global value chains. Sri Lanka’s labor costs are high relative to our competitors….
While there was a huge response to our report on price increases of motor vehicles following the depreciation of the Sri Lankan Rupee against the US Dollar, Associated Motorways Limited (AMW) which markets the popular Suzuki Alto, Suzuki Celerio, Suzuki Swift and Alto k 10 motor vehicles revealed in detail the increase in prices. A…
It was he who had spoken up more during the past on Sri Lanka’s exports dropping from 35 per cent to 15 percent as against the island’s Gross Domestic Product (GDP) and that by exploiting his Deputy Foreign Ministerial post he is prepared to lend his shoulder to Sri Lanka’ economic development and prosperity, said…
Mariah Carey is willing to do anything for her billionaire boyfriend James Packer – even if it means undergoing surgery. According to OK Magazine, Carey is willing to go through breast reduction surgery for Packer. Rumor has it that Carey is jealous about the billionaire’s past girlfriends. The diva is apparently feeling insecure after seeing…
Renuka Wijesiriwardhane, the General Manager of Sterling Automobiles Company, an institution prominently engaged in popularizing hybrid and electric motor vehicles in Sri Lanka joined adaderanabiz.lk for an exclusive interview. This is what he had to say on the latest situation in the automobiles market in Sri Lanka:
Colombo equities recorded negative returns on Thursday as the index failed to continue the positive momentum gained on the previous session. Concerns on the exchange rates, interest rates and peer market fluctuations drove the investor sentiment down. Benchmark index shed 23.31 index points (-0.32%) to end at 7,159.94 while 20-scrip S&P SL index declined by…
99X Technology Co-Founder and CEO Mano Sekaram was appointed as the Chairman of the Sri Lanka Association of Software and Service Companies (SLASSCOM) for 2015/2016. Sekaram counts over 25 years of global experience in IT/Software Management and as an industry thought leader, is a regular representative of Sri Lanka’s IT/BPM industry nationally and globally. Upon…
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