Gold and silver prices have been in meltdown mode in recent weeks. Gold spent much of 2014 trading around $1,250 an ounce. Now it trades below $1,145 — its lowest level in over four years. Why are gold and silver going out of fashion with investors? It’s simple: The “end-of-the-world trade” is no longer popular….
Ada Derana ‘Biz 24X7’ Interview with the Chairman of the Urban Development Authority (UDA) Mr. Nimal Perera.
FRANKFURT (Reuters): BMW has developed street lights equipped with sockets to charge electric cars, it said on Friday, and will run a pilot project in Munich next year that uses existing local authority lighting networks. BMW said it has made two prototype “Light and Charge” street lights which combine efficient Light Emitting Diodes (LED) with…
Hayleys PLC, one of Sri Lanka’s leading conglomerates, in a filing to the Colombo Stock Exchange reported healthy growth in 1H of 2014/15. The Group achieved revenue growth of 15% amounting to Rs 45.5 Bn in 1H 2014/15; whilst Profit After Taxation (PAT) grew 30% in the second quarter contributing to a PAT of Rs….
Colombo shares concluded in positive territory on Friday as core index notably advanced by 57.69 points or 0.78% to close at 7,416.15 while 20-script S&P SL 20 index gained 26.19 points or 0.64% to close at 4,128.30. The gains were mainly driven by price appreciations in counters such as Ceylon Tobacco (closed at LKR 1,150.00,…
Latest government data shows that for the first time in Sri Lanka’s history, tourist arrivals during the 10 months of this year has passed the 1.2 million mark. The significant feature is the huge increase in the arrival of Chinese tourist to Sri Lanka. According to this data, 1,228,754 tourists have arrived in Sri Lanka…
Prominent investor at the Colombo Stock Exchange, Dr. T. Senthiverl now owns 14.432 per cent shares of Vallibel Power Erathna PLC headed by another prominent Sri Lankan businessman Dhammika Perera. This increase in shares is following Dr. Senthilverl acquiring 105.8 million shares of Vallibel Power on 04 November. Currently he is in possession of 107.8…
Toyota unveiled an 850-horsepower Camry sedan at a Las Vegas trade show Tuesday. Yes, it’s insane. No, you can’t buy one. Compare that horsepower figure to a Lamborghini Huracán, which packs 602, or a Dodge Challenger Hellcat with 707. Toyota (TM) calls it the “Sleeper Camry.” Generally speaking, a “sleeper car” is one that looks…
Women workers in estates applaud pioneering empowerment initiative A feminine touch has been welcomed by the traditionally male-dominated estate sector, with a pioneering initiative by a Regional Plantation Company (RPC) to empower and develop Female Field Officers receiving the strong support and commendation of the company’s female workers. Kahawatte Plantations PLC which pioneered the concept…
Browns Hotels and Resorts Limited, a fully owned subsidiary of Browns Investments PLC signed an agreement today (05 November) with Starwood Hotels and Resorts Worldwide Inc. to grant Starwood the management rights of its five-star Sheraton Kosgoda Turtle Beach Resort in Kosgoda in the southern coast of Sri Lanka. Sheraton Kosgoda Turtle Beach Resort will…
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