Facebook has launched a photo-messaging app one week after accidentally releasing it on Apple’s app store. Known as Slingshot, the app’s features include sharing photos and videos with friends and sending “reaction shots”. It uses an unlocking mechanism, whereby photos received from friends must be unlocked by “slinging” a different photo back to the original…
Yoghurt and other fresh milk based products manufacturer Lucky Lanka Milk Processing Limited is preparing to issue an Initial Public Offering (IPO) after approval by the Colombo Stock Exchange. The company is preparing to offer 38 million shares ordinary voting shares at Rs. 6.00per share and 24 million non-voting shares at Rs. 3.00 each. This…
Though at the inception the toilet facilities at the Welipenna rest area of the Southern expressway were provided free of charge to the commuters, now a fee is being charged. Accordingly, a fee of Rs. 20 per person is being charged for toilet facilities provided at the Canovin Arcade rest area and a notice with…
Colombo Stock market managed to record marginal returns in both indices on Tuesday where benchmark index gained 0.31 points to close at 6,344.41. 20 Scrip S&P SL index grew by 0.40 points (+0.40%) to end at 3,521.07. Price appreciations in counters such as Nestle Lanka (closed at LKR 1,985.00, +3.1%), Ceylinco Insurance (closed at LKR…
The Lion City has retained its position as the best country in which to do business, according to the latest rankings by the Economist Intelligence Unit (EIU). Singapore “looks set to remain the world’s most investor-friendly location in 2014-2018, retaining its number-one spot from the 2009-2013 period”, said the research and analysis unit of The…
The latest government data reveals that Sri Lanka’s development has grown by 7.6 percent within the first three months of this year. Sri Lanka’s agrarian sector has grown by 0.2 percent, the services sector by 6.5 percent and the industrial sector by 12.6 percent in the first quarter of 2014, reveals the latest data released…
Colombo bourse started its weekly operations in a positive note where both indices witnessed higher returns. ASI gained 6.88 index points or 0.11% to end at 6,344.10 while 20-scrip S&P SL index gained 15.64 index points or 0.45% to close at 3,520.67. Price appreciations in counters such as Commercial Bank (closed at LKR 135.00, +0.9%),…
President Mahinda Rajapaksa has instructed Treasury Secretary P.B. Jayasundera to adhere to the existing methodology of paying gratuity to retiring public servants. Trade unions in Sri Lanka say that 18,000 state employees have not received pension gratuity for three years. The All Ceylon Trade Union Federation said the state employees have not received Rs 700…
LANKAN Rupee is the only Australian-trained galloper rated among the world’s top 10 racehorses. The International Federation of Horseracing Authorities released their latest round of World’s Best Racehorse Rankings with Melbourne’s super sprinter Lankan Rupee coming in with a 123 The only other runners from this region among the world’s top 30 are retired New…
The price of Brent crude spiked on Friday over concerns about the ongoing insurgency in Iraq. Oil prices settled down, but at $4 per barrel higher than at the beginning of the week. Reassurances about the flow of oil supplies went some way to calming market jitters. Brent crude futures stabilised at $112.32 per barrel,…
Video Story
