What would you do if you only had one day to live? Probably not spend time downloading and fiddling with a mobile app, we’re guessing. But a new app, Sobrr, wants you to embrace life in just that way. It lets you create a social network geared toward meeting new people around you, sharing photos…
Asia Asset Finance PLC sold 167,685,600 of its ordinary shares to an Indian registered company in Kerala, Muthoot Finance Limited at Rs. 1.60 per share. This constitutes approximately 29.97% of the total number of Asia Asset Finance shares on issue.
Colombo equity market started weekly operations on a negative note where both indices shed returns gained on last week. Core index slipped 23.99 index points or 0.34% to close at 6,984.03 while 20-scrip S&P SL index declined 8.61 index points or 0.22% to end at 3,855.27. Price declines in counters such as John Keells Holdings…
The Central Bank of Sri Lanka and the People’s Bank of China entered into a Bilateral Investment Agreement on Bond Investment on the 25th August 2014, which enables the Central Bank of Sri Lanka to further diversify its reserves management activities into Chinese Renminbi denominated assets. As a result, the Central Bank of Sri Lanka…
Cargills (Ceylon) PLC has entered into an agreement with the International Finance Corporation (IFC) for an equity investment into Cargills Foods Company (Private) Limited which is the wholly owned subsidiary carrying out the retail operations of Cargills (Ceylon) PLC. IFC is to invest approximately USD 20 million (Rs. 2,550 million) to subscribe in an 8%…
When compared to the US dollar the Sri Lankan Rupee had appreciated by 0.45 percent during the first eight months of this year, says the Central Bank of Sri Lanka (CBSL). Meanwhile, from 01 January to 18 August 2014 the Sri Lankan Rupee has appreciated 3.50 percent as compared to the Euro and 2.62 percent…
Like it or not, 3D printing technology, seen by some as simply a trend, is apparently here to stay. Some sectors, like the plastics industries, are already jumping into 3D printing reasearch and development with both feet. It appears auto-makers are also looking at how 3D printers can speed up development, design and ultimately production….
Colombo shares concluded the weekly operations with positive returns as All share price index gained mere 3.27 points (+0.05%) to end at 7,008.02 while 20 script S&P SL marginally gained 0.97 points (+0.03%) to end at 3,863.88. Core index gained 64.17 points whereas S&P SL index gained 42.90 points during the week. Price advancements in…
The opening of the floating market at Bastian Mawatha in the Pettah has been postponed due to the heavy rains and adverse weather conditions in and around Colombo. The floating market was scheduled to be ceremonially opened by Minister of Health Maithripala Sirisena this evening (22 August).
You’re on holiday but surreptitiously check your work emails the moment you wake up. You get anxious if there’s no wi-fi in the hotel or mobile phone signal up the mountain. You fret if your phone is getting low on power, and you secretly worry things will go wrong at work if you’re not there….
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