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…
Sri Lanka’s rupee, which is hovering near a record low after being floated by the central bank last week, will be brought to an acceptable level before too long, Finance Minister Ravi Karunanayake said on Wednesday. The rupee fell for a fourth straight session to 138.80/95 per dollar on Wednesday, 0.36 percent weaker than Tuesday’s…
The Republic of Korea (ROK)’s development record is arguably the most impressive since the end of the Second World War. The country experienced harsh Japanese rule and subsequently the Korean War (1950-53) which resulted in the partition of the peninsula. ROK has, therefore, had to come through periods of conflict involving each of its two…
Warning former strongman Mahinda Rajapaksa’s loyalists, President Maithripala Sirisena today said they should not think of toppling Sri Lanka’s first national unity government and asserted that it will remain in power for a full term. “Do not ever think that this government can be toppled or weakened. Till 2020 this government will be stable and…
Colombo bourse regained lost grounds after suffering 2% loss in last three sessions. Benchmark All Share Price index advanced by 58.79 points or 0.83% to end at 7,183.25 while S&P SL 20 index advanced by 22.94 points or 0.59% to end at 3,937.08. The positive market momentum was driven by price appreciations in primary blue…
The swearing in ceremony of State and Deputy Ministers of the National Government commenced a short while ago at the Presidential Secretariat in Colombo. The new State Ministers and Deputy Ministers were sworn in before President Maithripala Sirisena. State Ministers: 1. A. H. M. Fowzie – National Integration and Reconciliation 2. Dilan Perera – Highways…
United National Party (UNP) chairman Malik Samarawickrema who entered Parliament through the National List took oaths as Minister of Development Strategy and International Trade. UNP sources revealed that huge projects in Sri Lanka would come under the purview of this Ministry and that agreements on trade affairs with foreign countries too would be through this…
Dr. Sunil Jayantha Navarathna has by now been appointed Chairman and Director General of the National Enterprise Development Authority (NEDA). He speaks about his new plans for the development of Sri Lanka’s small and medium scale enterprises:
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