Colombo equities snapped the five day losing streak and closed with positive returns as bargain hunters entered into the battered blue-chips driving the market activity to a 3 week high. All share index gained 14.01 index points (0.20%) to close at 7,118.38 while 20-scrip S&P SL index end higher at 3,895.70, up by 14.66 index…
The Colombo Stock Exchange (CSE) proudly recognises the achievement of a member of its staff,Mr. Arfath Saleem of the Human Resources Division who competed at the World Championships of public speaking in Las Vegas, USA fromAugust 12-15, 2015. Mr. Saleem was placed amongst the top 10 speaker of the world. Following several competitions at club,…
The Urban Development Authority (UDA) which was under the purview of the Ministry of National Defence and Urban Development during the former government have been brought under the purview of the Ministry of Megapolis and Western Development by the incumbent government. The Minister in charge is Patali Champika Ranawaka. The government has published the Gazette…
Colombo equities ended another lackluster trading session amid fragile investor confidence on economy. All Share Price index marginally declined by 3.50 points or 0.05% to end at 7,104.37 while S&P SL 20 index marginally declined by 4.67 points or 0.12% to end at 3,881.04. Price declines in counters such as Hemas Holdings (closed at LKR…
The Ceylon Chamber of Commerce and the Beijing Chamber of International Commerce today (21) signed an MOU to work together to promote trade and commercial ties between the two countries. Mr. Mangala P. B. Yapa, CEO / Secretary General of the Ceylon Chamber of Commerce and Mr. Yu Haibo, Deputy Director General of the Beijing…
Cinnamon Hotels & Resorts will mark the occasion of ‘World Tourism Day 2015’ with the first-ever ‘Future of Tourism & Responsible Travel for Driving Revenue’Summit. Scheduled to be held on 28 September at the Cinnamon Lakeside Colombo, Cinnamon Future of Tourism Summit will have global experts exploring the future trends of tourism as well as…
Apple has said it is taking steps to remove a malicious program found in a number of applications used by owners of iPhones and iPads in China. It is thought to be the first large-scale attack on Apple’s App Store. The American firm said hackers had embedded a malicious code into the apps by persuading…
The next generation of the Nissan Leaf electric car is on the way with Nissan aiming for a 300-mile range Nissan is well underway with development on an all-new Nissan Leaf, which could arrive as early as 2017 with a range of up to 300 miles. “We will have a full model change of Leaf…
At the Walayar checkpoint in southern India, lines of idle trucks stretch as far as the eye can see in both directions along the tree-lined interstate highway, waiting for clearance from tax inspectors that can take days to complete. Delays are so bad that textile entrepreneur D Bala Sundaram has stopped sending his trucks to…
Receives licence from Maldives Monetary Authority and approval from Central Bank of Sri Lanka The Commercial Bank of Ceylon PLC has announced plans to extend its services to the Republic of Maldives following the receipt of regulatory approval for the establishment of a fully-fledged Tier I Bank in the idyllic archipelago. Sri Lanka’s largest private…
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