Colombo stocks lost further ground on Wednesday after trading in a narrow range as most of the investors remained hesitant to make big trades. The much anticipated Fed policy meeting, the domestic economic concerns along with the outcome of the UNHRC meeting are seemingly keeping the investors on the sidelines. The benchmark ASI lost 15.03…
The Ceylon Electricity Board (CEB) is to introduce a concessionary rate of Rs. 13.00 per unit on electricity bills for re-charging of electric motorcars at home during off-peak hours. According to the CEB this rate would be applicable from 10.30 pm to 5.30 am, considered as off-peak hours. While Rs. 54.00 per unit consumed is…
Call it the “Ram Setu” or “Hanuman Bridge”, the stretch of low-lying banks that connect India to Sri Lanka across the Palk Strait is very much part of the subcontinent’s Ramayana lore. Lord Ram, the story goes, built this bridge with the assistance of Hanuman’s monkey army, walked into Lanka to rescue his consort Sita…
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…
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