There is increasing public dialogue on discipline in Sri Lanka’s international schools. Hence, www.adaderanabiz.lk took this issue to Gateway International Schools Chairman Dr. Harsha Alles. Furthermore, he was asked whether international schools in Sri Lanka need monitoring. This is the complete discussion BIZ 27X4 from the Ada Derana 24X7 Channel had with Gateway International Schools…
Colombo equities concluded the weekly operations with mixed results on Friday as main index gained 22.08 points (+0.31%) to end at 7,252.60 while S&P SL 20 index marginally lost 6.30 points (-0.15%) to end at 4,068.57. During the week the core index gained 16.23 points or 0.2% while S&P SL 20 index lost 12.35 points…
The Department of Motor Traffic is preparing to launch a new service to enable motor vehicle owners to verify the authenticity of their vehicles direct from their homes or offices. While revealing details of this move, Commissioner General of the Department of Motor Traffic H.S. Harischandra that this service would be provided over the internet…
Sri Lanka’s national carrier and oneworld member, SriLankan Airlines, continuing its extensive wide-body re-fleeting programme, took delivery of its second Airbus 330-300, on Friday, 19 December 2014. The new aircraft named “The City of Sihagiri ” will be utilised on the major Far Eastern markets of Canton, Shanghai, Beijing and Hong Kong. This latest wide…
Colombo shares bounced back on Thursday after four consecutive days of losses. All share price index bagged 30.79 points or -0.43% to end at 7,230.52 while S&P SL 20 index gained 21.80 points or -0.54% to end at 4,071.41. Price inclines in counters such as Lion Brewery (closed at LKR 657.00, +8.3%), Dialog Axiata (closed…
Switzerland’s National Bank (SNB) will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country. The Bank is imposing a rate of minus 0.25% on “sight deposits” – a form of instant access account – of more than 10m Swiss francs ($9.77m). It is trying…
Asia’s largest synchronized forum for professionals – ‘Momentum’ was concluded a short while ago with over 2300 business leaders and industry professionals attending. Held simultaneously at four locations – Cinnamon Grand, Cinnamon Lakeside, Hotel Galadari and Hilton Colombo Residencies – this marked the first time in Sri Lanka that a synchronized forum was held. The…
Colombo bourse witnessed negative returns for the fifth consecutive day on Wednesday. ASI shed 23.83 index points or 0.33% to close at 7,199.73 while 20-scrip S&P SL index dropped by 17.85 index points (-0.44%) to end at 4,049.61. Price declines in John Keells Holdings (closed at LKR 245.00, -2.0%), Dialog Axiata (closed at LKR 13.00,…
The Finance Company PLC has received Rs. 06 billion from the Sri Lanka Deposit Insurance and Liquidity Support Fund as per the loan agreement signed on 15 December 2014 with the Central Bank of Sri Lanka.
The initial issue of 30 million rated, unsecured, redeemable debentures issued by Seylan Bank PLC at Rs. 100.00 each with an option to issue up to another further 30 million debentures has been oversubscribed. The issue has received applications for over Rs. 03 billion and accordingly the issue will close at 4.30 pm today (17…
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