Following the reports of two Sri Lankan students committing suicide over issues involving the popular social media network Facebook, the government is preparing to raise awareness among the country’s school children and their parents on the ethical and safe usage of social media like Facebook, Twitter etc. AdaderanaBiz learns that the Telecommunication and Information Technology…
Securities Exchange Commission of Sri Lanka chairman Dr. Nalaka Godahewa says the commissions has informed the Board of Investment (BOI) that there is a possibility of creating a separate board to list companies under its projects at the Colombo Stock Exchange (CSE) from their inception. Securities Exchange Commission chief Dr. Nalaka Godahewa told AdaderanaBiz this…
India’s Manipal University which is active in 54 countries while catering to the education needs of over 26,000 students and Singapore’s Raffles University are reportedly set to establish their branches in Sri Lanka. Authorities from these universities are already in discussion with the Ministry of Higher Education regarding this, said Ministry secretary Dr. Sunil Jayantha…
Gaffoor Building, an ancient and famous landmark on Main Street, Colombo is to be renovated and reopened as a city hotel managed by the Urban Development Authority (UDA) by end next year, said the UDA chairman. This renovated city hotel would consist of around 70 rooms, UDA chairman Nimal Perera told AdaderanaBiz. “When we acquired…
The Sri Lanka Rupee showed a downward trend against the US dollar at the money market a short while ago. US Dollar spot rate was 130.65/75 a short while ago. The reason is attributed to importer dollar demand.
Though transactions at the Colombo Stock Exchange (CSE) decreased today, foreign buying rather than foreign selling was prominent for the sixth consecutive day. Accordingly, the net foreign buying reached Rs. 95 million. Foreign investors bought shares to the tune of Rs. 258 million while they sold shares amounting to Rs. 163 million. Foreign investor participation…
Sri Lanka’s largest bridge is to be along the outer circular highway, is to be constructed across the Kelani River and would be 10 lanes, it has been revealed. The Kaduwela interchange of the outer circular highway would be constructed on this bridge, said Road Development Authority chief R.W.R. Pemasiri while speaking to AdaderanaBiz. “When the first phase of…
Sri Lanka’s Treasury Bill yields showed a downward trend at the weekly primary auction today with the three month yield down by two basis points to 6.69, six month yield down by three basis points to 6.85 and the one year yield down one basis point to 7.06. The auction was oversubscribed with bids amounting to Rs. 36,082…
The Securities and Exchange Commission (SEC) has decided to suspend trading of Touchwood Investments PLC shares until the company releases its interim financial statements to the market. Accordingly, the SEC has informed the Colombo Stock Exchange to suspend the trading of Touchwood Investments PLC shares with immediate effect.
The opening value of the Sri Lanka Rupee against the US dollar in the money market this morning was selling rate 130.60 and buying rate 130.55. However at close the Sri Lankan Rupee showed an upward trend against the US$ with a selling rate of 130.55 and buying rate of 130.50. This indicates an appreciation…
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