Colombo bourse snapped the seven day winning streak on Monday to start the weekly operation on negative note. The market lost the positive momentum gained in last week as the bench mark All share price index weakened by 14.10 points or 0.20% to end at 7,147.86 whilst S&P SL 20 index marginally declined by 6.23…
The Ceylon Electricity Board (CEB) is to acquire the 60 megawatt capacity power generating plant installed on a barge at the Colombo harbour at a cost of Rs. 641 million. While this power generation plant is being maintained by Colombo Power Limited, its power purchasing contract with the CEB has expired by now. Since this…
Gold plunged 4 percent to its lowest in more than five years on Monday as sellers in top consumer China sold off the metal in a matter of minutes, just as bullion’s safe-have status takes a fresh knock from mounting expectations of a U.S. rate hike. Bullion fell to as low as $1,088.05 an ounce…
The government is to centralise all data from all state departments like the Department of Registration of Persons, the Immigration & Emigration Department, Department of Census & Statistics and the Pensions Department and establish a National Data Centre. This data centre is to be maintained by the Information and Communication Technology Agency (ICTA) of Sri…
Written by Rohan Samarajiva I praised the TRCSL approach to shutting down mobile networks at specified times within the wildlife sanctuary of Yala. Possibly because of my previous writing critical of the shutting down of mobile networks, Nalaka Goonawardene has challenged my position on Twitter, saying it creates a bad precedent. This has set off…
Toyota — they’re not just into cars! Officially as of 2012, but likely in some form since they first st up their Partner Robot Division in 2005, Toyota has been working on the Human Support Robot, a mobile robot companion made to serve the needs of a rapidly expanding elderly population — particularly in Japan,…
Investor confidence continued to the last trading session of the week and the bourse wrapped the weekly operations in positive territory extending the winning streak for the seventh day. Benchmark equity index increased notably, fueled by gains in telecos and financial services sector, and bagged 37.82 index points or 0.53%. to reach 7 week high…
The Planters’ Association of Ceylon refutes incorrect and misleading statements being circulated by certain parties with regard to the payment of daily wages to estate workers who pluck 18kg to 20kg of tea leaves being entitled to receive two full days’ wage for a single day’s work. While information has come to light of such…
Lanka IOC PLC (Lanka IOC), Sri Lankan subsidiary of India’s largest oil refiner Indian Oil Corporation Ltd, said in an emailed press release that it has commenced bunkering operations from its Trincomolee oil terminal. The move is said provide additional bunkering oprtions to the vessels operating in Bay of Bengal, with marine fuels at Trincomalee…
The pioneer in establishing M.D. Gunasena and Company, the renowned publishing house in Sri Lanka is M.D. Gunasena, born in the village of Wewala in Horana. M.D. Gunasena business which he developed through sheer commitment and efforts is currently being managed by the third generation. M.D. Gunasena and Company’s Publications Executive Janith Uththamawadu explains how…
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