Colombo bourse continued the positive momentum for the fourth consecutive session on Monday to start the weekly activities in green territory. The benchmark All Share Price index crossed the 7,200 mark to end at 7,202.11 with a gain of 23.11 points or 0.32%. S&P SL 20 index gained 10.71 points (+0.26%) to close at 4,064.16…
“Privilege to be listed on CSE” – CTC says Ceylon Tobacco Company PLC (CTC) opened trading on the Colombo Stock Exchange (CSE) today. This event was yet another in a series of Market Opening Ceremonies, featuring the companies from the S&P SL20 index. Managing Director and Chief Executive Officer Mr. Felicio Ferraz, Finance Director Mr….
According to a reliable source within the company, Huawei is set to launch two new-mid range smartphone in Sri Lanka. The devices are believed to be targeted at the highly competitive mid-range smartphone market in the country. According to company sources the devices were tested in early February and the first shipment was made in…
The Central Bank of Sri Lanka will commence operations of its newly constructed Regional Office in Ariviyal Nagar, Kilinochchi on 6th May, 2015. The Kilinochchi Regional Office is to be declared open by Minister of Resettlement, Reconstruction and Hindu Affairs D M Swaminathan and Deputy Minister of Policy Planning, Economic Affairs, Child, Youth & Cultural…
The birth of the new princess as an occasion for joy within the royal family. But could it also have an impact on next week’s general election result? There is a wide variety of key factors to take into account here. Prominent among them are the impact of previous royal births on the polls, the…
Japanese auto maker Honda has questioned its erstwhile Indian partner Hero’s claim of 102.5 km/litre fuel economy rate for Splendor iSmart bike, saying “such claims are misleading and are far from reality”. The Indian firm, Hero MotoCorp on its part hit back saying its fuel efficiency values were certified by iCAT (International Centre for Automotive…
The world waits for Duke and Duchess of Cambridge to name the new royal baby as family members visit Kensington Palace. Kensington Palace said that the princess’s name will NOT be announced today. A spokesman said: “The Duke and Duchess are hugely grateful for the messages of congratulations they have received from people all over…
Japanese Finance Minister Taro Aso said on Sunday his country’s government will increase investment in Asian infrastructure at a meeting of the Asian Development Bank (ADB), according to Kyodo News. Aso did not immediately disclose the size of the investment, according to Kyodo. The move could put Japan at loggerheads with China, who is also…
The Duchess of Cambridge was admitted to St. Mary’s Hospital at 6 a.m. local time today in the early stages of labor, according to Kensington Palace. She traveled by car from the palace to the hospital with Prince William, the Duke of Cambridge, palace officials said. “So exciting, after months of waiting, we’re finally here…
John Kerry is making the first visit to Sri Lanka by a U.S. secretary of state in a decade, seizing a rare opportunity to champion democratic reform and to tighten ties at a strategic crossroads in the vast Indian Ocean. The top American diplomat arrived early Saturday local time in Colombo, where he planned to…
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