Toyota will be using this year’s Tokyo motor show to communicate why talking cars are the future of cleaner, safer personal mobility. The Smart Mobility City 2015 is an event running alongside the main Tokyo show this year that will be examining the relationship between automobiles, people and society and the role of personal mobility…
Janashakthi Insurance PLC received the formal go ahead from its shareholders to raise over Rs.3.357 billion by way of a Rights Issue of over 181.5 million new ordinary shares at its Extraordinary General Meeting (EGM) held on 16 October 2015 (today). In a bid to further bolster its position in the market, Janashakthi Insurance PLC signed a share purchase agreement with AIA Insurance Lanka PLC to acquire 100%…
Nestle Lanka PLC’s current Chairman Etienne Benet has relocated to Nestle Group head office in Switzerland and has resigned from the Board of Directors of Nestle Lanka PLC. Suresh Narayanan has been appointed as Non-Executive Director and as Chairman to fill the vacancy created by Mr. Benet’s resignation. These changes are effective from today (16…
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…
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