Sales of new cars rose at their fastest pace for a decade, the Society of Motor Manufacturers and Traders (SMMT) has said. There were 464,824 new car registrations, a rise of 17.7% on a year earlier. The sales figure was also the second-highest on record since the introduction of twice-yearly car registrations in 1999. In…
Colombo bourse regained lost ground on Tuesday as both indices closed with higher returns. ASI gained 23.78 index points or 0.39% to close at 6,072.16 while S&P SL20 index gained 5.27 index points or 0.16% to close at 3,326.70. The gains in the index were led by price appreciations in counters such as John Keells…
The 1996 ICC World Cup winning cricket captain Arjuna Ranatunga has criticized the Sri Lanka Cricket decision to offer USD 1.5 million to the Sri Lankan cricketers who won the ICC Twenty20 World Cup. Inducing match victories while dangling cash offers is a lowly act, said ‘Captain Cool’ Arjuna while expressing his views on the…
Twenty buses began inaugural journey today from Matara to Maharagama on the Southern Expressway. Among them were 10 buses from the Ceylon Transport Board (CTB) and 10 private buses. The fare from Matara to Maharagama is Rs. 500.
Japan and Australia have agreed a trade deal which will see them lower tariffs on imports of key products. Japan has agreed to lower duties on Australian beef and raise the duty-free quota on cheese – Australia’s biggest dairy export to Japan. Australia will cut tariffs on Japanese electronics, cars and white goods. The deal,…
Colombo stock market started the weekly operations in a negative note where indices failed to retain the momentum gained in last week. ASI marginally slid by 6.17 index points or 0.10% to close at 6,048.38 while 20-script S&P SL index dropped by 1.67 index points or 0.05% to close at 3,321.43. Price depreciations in Lanka…
The international sale of the latest sovereign bond has been started by Sri Lanka to recover USD 500 million, reports Bloomberg. The price guidance for this international bond which matures in five years has been set at approximately 5.5 percent. Sri Lanka sold a five year one billion dollar bond in January this year.
Abu Dhabi based Rotana Jet has decided to commence flights to Mattala beginning 09 April this year. AdaderanaBiz reported earlier that the airlines is planning to begin its flights to Sri Lanka’s newest international airport. Accordingly, Rotana Jet airways will operate flights thrice a week to Sri Lanka’s Mattala and Katunayake international airports. An Airbus…
The Citrus chain stands committed to set a new benchmark in Sri Lanka’s hospitality industry Leisure PLC ceremoniously declared open its iconic five-star property Citrus Waskaduwa last evening (Sunday 06 April). The hotel is the largest to be built anew in post-war Sri Lanka on a 9.5 acre land with 150-rooms set on an un-spoilt,…
The commercial banks active in Sri Lanka have reduced their interest rates to satisfactory levels, says the Governor of the Central Bank of Sri Lanka (CBSL). CBSL Governor Ajith Nivard Cabraal said this in response to the question by AdaderanaBiz whether it would be an issue if the commercial banks do not reduce their interest…
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