Lee Hedges PLC has proposed setting up of an Apparel Training Centre in Jaffna at an estimated cost of Rs. 62 million. This is a Social Responsibility Project by the company to uplift the living condition of the community in the Northern Province by providing training in the apparel sector for better employment opportunities. The…
The World Bank subsidiary International Finance Corporation’s head of the banking unit and prominent banking specialist Hakan John Wilson has been appointed a member of the board of directors of the Commercial Bank with immediate effect. He has been thus appointed a non-executive director of the Commercial Bank. He has been serving the World Bank…
Ranjith G. Rubasinghe was appointed as the Chief Executive Officer of Sri Lanka Telecom Mobitel with effect from June 27, 2014. Rubasinghe brings with him a wealth of experience in the fields of telecommunications and IT in several national and multinational organisations, including Sri Lanka Telecom for 12 years. He is a Chartered Engineer, Representative…
Colombo stock market managed to maintain the momentum gained on previous trading sessions where both indices witnessed positive returns. Main bourse gained 34.76 index points (+0.54%) to close at 6,467.28 while S&P SL20 index gained 30.48 index points (+0.85%) to end at 3,608.42. Price appreciations in equities such as Ceylon Tobacco Company (closed at LKR…
The answer that question is: probably. The Blackphone has been designed first and foremost to protect the owner’s privacy as data security becomes increasingly important to consumers amid NSA spying revelations and data hacking concerns. Priced at $629, the smartphone runs ProvatOS, an Android-based operating system and has features which optimises the phone’s security. These include a…
The government on Wednesday hiked the minimum export price of onions by 67 percent to $500 per tonne in a bid to discourage exports and improve local supplies as its prices surged in domestic markets. After the increase, the minimum export price of onions translates to Rs.30 per kg. Onion prices have soared in the…
Facebook has acquired LiveRail – a tech start-up that helps companies place more relevant ads in the videos that appear on their websites and apps. LiveRail also provides a real-time bidding platform for marketers looking to place ads on online videos. The firms did not reveal the financial terms, but some reports indicate that Facebook…
The crossing of 33.5 million shares of Hemas Holdings Limited at Rs. 45 each this morning (2June) has been sold by the Employees Provident Fund (EPF) and another party, it has been revealed. There is a rumor that this transaction has been done by a foreign based trust fund by name of Templeton Trust. The…
It has been revealed the damaged caused to the buoy used to transport fuel from sea to land cannot be repaired during the prevailing weather. Commenting on this to AdaderanaBiz.lk, Ceylon Petroleum Corporation (CPC) chairman Sirisena Amarasekera said that the prevailing rainy weather obstructs any repairs of this kind. As an alternative they plan to…
Prominent businessman Dhammika Perera has been appointed the new chairman of Royal Ceramics Lanka PLC. Earlier Dhammika Perera was the deputy chairman of this company while A.M Weerasinghe was thechairman. Mr. Weerasinghe would continue to be a director of Royal Ceramics Lanka PLC.
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