The United National Party (UNP) charges that the Parliamentary Committee On Public Enterprises (COPE) cannot issue a report in the Sri Lanka Central Bank’s controversial Bond Issue and that the relevant report by the DEW Gunasekera-led committee had been done in haste. During a discussion at the UNP headquarters ‘Sirikotha’ this morning (07 July), the…
With the global population booming and more American millennials flocking to crowded cities, Toyota hopes it has found a vehicle for the future. The company’s i-Road is an all-electric, three-wheeled, rear-steering “personal mobility vehicle” that Toyota was showing off at the Aspen Ideas Festival, which concluded this weekend in Colorado. “I-Road is small, it’s easy…
Adaderanabiz.lk gained the opportunity for an informal conversation with a Sri Lankan youth whose courage led him to become a businessman in Japan. Kapila Bandara by name, this Sri Lankan youth explained how he rose up as a business entrepreneur in Japan.
The Colombo Stock Exchange (CSE) conducted a successful disaster recovery testing exercise, as a part of its Business Continuity Planning (BCP), from its Disaster Recovery site on Friday July 3rd, 2015, where all trading and post trade operations took place from this remote site for a complete market day. This is the first time such…
At a recent Board meeting held on the 24 June 2015, after almost 48 years at the helm of the organization he founded in 1968 Mineka P. Wickramasingha retired from the position of Chairman of Ceylon Biscuits (CBL) group. The current Deputy Chairman, Ramya Wickramasingha was elected by the Board as the new Chairman of…
Tourist arrivals to Sri Lanka in June this year has grown by 12 per cent with the arrival of 115,467 tourists as compared to June of last year. Latest government data shows that arrivals from China and India have shown a significant growth. Meanwhile, during the six months up to June this year tourist arrivals…
A new codeshare agreement between SriLankan Airlines, airberlin the second largest airline in Germany and its subsidiary NIKI was announced on July 02nd 2015, paving the way for increased tourism potential between Sri Lanka, Germany and Austria. The three airlines are set to offer daily codeshare flights between Berlin, Vienna and Sri Lanka via Abu…
The recently concluded CIO Forum held at the Kingsbury saw the country’s top chief innovation officers gather to learn the latest advancements in the field of Robotic Process Automation (RPA) and its applications. As discussed and debated at the forum, these new paradigm shifts in IT automation have widespread disruptive implications for the local market…
Greece has voted by a big margin against Europe’s latest bailout offer, raising the prospect that the country could now suffer a worse economic disaster and lose its place in the euro. More than 60% heeded left-wing Prime Minister Alexis Tsipras’ call to vote “no.” He hopes to force Europe to hand over more money…
Markets are already reacting to Greece’s rejection of Europe’s latest bailout offer, and it’s not pretty to watch. Major stock markets and the euro were all getting hit after Greek voters said “no” to the offer by a big margin in a referendum on Sunday, backing their left-wing prime minister’s call to reject austerity. The…
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