Investor confidence continued to the last trading session of the week and the bourse wrapped the weekly operations in positive territory extending the winning streak for the seventh day. Benchmark equity index increased notably, fueled by gains in telecos and financial services sector, and bagged 37.82 index points or 0.53%. to reach 7 week high…
The Planters’ Association of Ceylon refutes incorrect and misleading statements being circulated by certain parties with regard to the payment of daily wages to estate workers who pluck 18kg to 20kg of tea leaves being entitled to receive two full days’ wage for a single day’s work. While information has come to light of such…
Lanka IOC PLC (Lanka IOC), Sri Lankan subsidiary of India’s largest oil refiner Indian Oil Corporation Ltd, said in an emailed press release that it has commenced bunkering operations from its Trincomolee oil terminal. The move is said provide additional bunkering oprtions to the vessels operating in Bay of Bengal, with marine fuels at Trincomalee…
The pioneer in establishing M.D. Gunasena and Company, the renowned publishing house in Sri Lanka is M.D. Gunasena, born in the village of Wewala in Horana. M.D. Gunasena business which he developed through sheer commitment and efforts is currently being managed by the third generation. M.D. Gunasena and Company’s Publications Executive Janith Uththamawadu explains how…
President Maithripala Sirisena in his capacity as Minister of Mahaweli Development and Environment has proposed the implementation of the method prepared with the consent of the officials from the Department of Forest Conservation, the Department of Wildlife Conservation and the Biodiversity Secretariat to enforce necessary actions for the conservation of the Gyrinops walla plant, popularly…
The government is to steel flyovers to ease the traffic congestion in the Colombo city and suburbs. Initially, three such flyovers are to be constructed; one at Welikada Junction in Rajagiriya which would be a four-lane flyover and the other two being two-lane flyovers over the railway crossings at Ganemulla and Polgahawela. The government is…
Wasana Trading Company is preparing to establish 100 re-charging centres island-wide where electricity could be obtained to re-charge electric vehicles as easy as at home. While commenting on this, Wasana Trading Company Director Indika Sampath Merinchige said steps are being taken to establish these ordinary re-charging centres at places like restaurants, supermarkets etc where people…
The world’s biggest automaker, Toyota, is recalling about 625,000 hybrid cars around the world to fix a software glitch. A fault in the software could lead it to shut down the hybrid system while the car is being driven, it said. Models affected by the recall include Prius V minivans, called Prius Alpa and Prius+…
Samsung has lifted the veil on a new Galaxy smartphone that is thinner than any other device the smartphone maker has ever produced. The Galaxy A8, which is only being released in China, measures just 5.9mm thick and features a 5.7 inch 1080p HD display. Its predecessor, the Galaxy A7, measured 6.3mm thick. The A8…
Fitch Ratings Lanka has assigned People’s Leasing & Finance PLC’s (PLC, B+/AA-(lka)/Stable) proposed senior unsecured debentures of up to LKR6bn an expected National Long-Term rating of ‘AA-(lka)(EXP)’. The final rating is contingent on the receipt of the final documents conforming to information already received. The issue is expected to have tenors of four and five…
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