Latest data from JB Stockbrokers reveal that the highest number of electric motor vehicles that have been registered in Sri Lanka within a month was in September this year. There have been 471 electric motor vehicles registered during September where as during September last year only 15 such vehicles had been registered. A significant feature…
Economist Angus Deaton has won the 2015 economics Nobel Prize for his work on consumption, poverty and welfare that has helped governments to improve policy through tools such as household surveys and tax changes. The Royal Swedish Academy of Sciences said the British-born microeconomist’s work had been a major influence on policy making, helping for…
Colombo equities swung between gains and losses on Monday to start the weekly operations with flat returns. Benchmark ASI bagged 20.34 points in the morning session but failed to sustain the momentum in the latter part to close at 7,100.00 with a marginal gain of 3.94 points or 0.06%. S&P SL 20 index lost 3.58…
Senior state official T.G. Jayasinghe has been appointed Chairman of Ceylon Petroleum Corporation (CPC) while chairman of SMS Holdings Shehan Seneviratne has been appointed as chairman of Ceylon Petroleum Storage Terminals Limited. Mr. Jayasinghe is a former secretary of the Finance Commission of Sri Lanka and also the Tertiary and Vocational Education Commission. Shehan Senevirathne…
Showing their keenness in buying motorcars before the price hikes, Sri Lankans have created a record by making September 2015 as the month where the highest number of motorcars has been registered in Sri Lanka within a month. While latest data reveals that 14,301 motorcars have been registered in September 2015, this is the highest…
Laugfs Gas PLC has acquired 1,886,211 or 69 per cent of the total issued shares of Petredec Elpiji Limited for USD 18.75 million. Petredec Elpiji Limited is the third largest operator engaged in down-streaming Liquefied Petroleum Gas (LPG) in Bangladesh.
Sri Lankan property developers ventured into the Chinese market for the first time when some of the country’s most exciting property developments were showcased at the recently concluded Beijing International Property Show. Indocean Developers, the promoter of ‘Altair’ — the iconic twin tower high rise — and Waterfront Properties (Pvt) Ltd., (A member of the…
Sri Lanka Telecom held a board meeting last evening (09 October) which continued well past midnight where media industry personality Chrishantha Cooray has been appointed as Vice Chairman of Sri Lanka Telecom, very reliable sources told adaderanabiz,lk. At this same meeting, Sri Lanka Telecom Chief Executive Officer Dileepa Wijesundere was appointed to overlook the position…
The last rites for Deshabandu Patrick Amarasinghe who passed away on Thursday will be held at 4.00 pm today (10 October) at the Kanatte in Borella Deshabandu Patrick Amarasinghe, a veteran industrialist and a former Chairman of the Federation of Chambers of Commerce and Industry passed away at the age of 83. Patrick Amarasinghe’s entrepreneurship…
The Sri Lanka Motor Vehicle Importers’ Association has put forward a series of proposals to the Finance Ministry for the preparation the 2016 Budget with one of the proposals being the reduction of the Customs levy on vans. This states that currently the Customs duties on lorries and vans are very high though these vehicles…
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