The Central Bank’s Monetary Board has decided to keep the policy rates which decide the interest rates of commercial banks unchanged between 6.50 to 8.00 percent in April. The Central Bank has stated that the decrease in borrowings by the government sector from the banking system has provided the opportunity for the private sector to…
Colombo shares started the fresh week on Monday in positive note as All share price index gained 6.27 points (+0.10%) to close at 6,187.03 while 20-script S&P SL index marginally gained 6.92 points (+0.20%) to close at 3,394.94. Price appreciations in counters such as Carson Cumberbatch (closed at LKR 390.00, +5.4%), Ceylon Tobacco (closed at…
The damage caused by the fire that broke out this morning at the Samsung main data centre in South Korea has not caused any adverse impacts on the services provided by the company to the Sri Lankans, said the local agents for Samsung Electronics. Samsung Electronics’ Sri Lanka branch Product Manager – Mobiles Kapila Perera…
Financial affiliates of Samsung Group are unable to provide some customer services after a fire at Samsung SDS’s data center, which manages data storage servers for the affiliates, Sunday. According to the group and the Financial Supervisory Service (FSS), Monday, the fire damaged the electronic payment systems and online services of its credit card and…
A Samsung data center caught fire today, shutting down Samsung.com. That wasn’t the only tech casualty from the fire, however, as various Samsung products, including Smartphones and TVs, were adversely affected. The center that went up in flames was the Samsung SDS building in Gwacheon, South Korea. Users weren’t able to access select Samsung applications…
Steps are under way to call for tenders from prospective investors for the 500 megawatt capacity Sampur coal power plant, says the Ceylon Electricity Board (CEB) chairman. CEB chairman W.B. Ganegala told AdaderanaBiz that it has been planned to obtain at least 70 percent of the cost on this project through private investments. “The CEB…
Though many areas in the island have experienced rainy weather there has been no considerable rainfall in the catchment areas. This has reduced power generation to 10 percent, says the Ceylon Electricity Board (CEB) chairman. By now a huge cost is being incurred due to fuel and coal power generation to meet around 90 percent…
Though SriLankan Airlines’ passenger capacity is similar to other airlines, the increase in its fuel costs are one of the reasons for it to incur huge losses, says the Central Bank of Sri Lanka (CBSL). SriLankan Airlines’ fuel costs are almost half of its maintenance costs since more fuel consuming aircraft like the old A340-300…
A new beginning has been made to transform Sri Lanka’s outdated university education system to suit the modern world, says the Higher Education Ministry secretary. Higher Education Ministry secretary Dr. Sunil Jayantha Navaratne told AdaderanaBiz that already a programme is underway where each university student is provided at least with one handbook as the initial…
President Mahinda Rajapaksa opened Sri Lanka’s first automated motor car production line of Micro Cars at the Polgahawela Industrial Zone yesterday. Pictures – Chandana Perera
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