It has been revealed that the Southern Expressway has earned a normal daily income of Rs. 3.4 million in 2013 and that around 8,700 vehicles have used the expressway per day. This has been stated in the Annual Report of the Central Bank of Sri Lanka. If the daily income has been Rs. 3.4 million…
Toyota is recalling 6.4 million vehicles globally, including 35,124 in the UK, over five separate issues. Some 3.5 million vehicles are being recalled to replace a spiral cable attached to the driver’s side airbag. It may be damaged when the steering wheel is turned and result in the airbag not being deployed in a crash….
A controlled price for rice will be imposed from midnight today. White raw will be Rs. 66 per kg, red raw Rs.60, white nadu Rs. 68, red nadu Rs.66 and samba at Rs. 77 per kg.
The Central Bank of Sri Lanka (CBSL) has revealed how land within the Port City planned to be built on reclaimed land near the Colombo harbor would be offered to investors. According to the 2013 CBSL Annual Report, this new city would come up on land reclaimed from near the new extended harbor’s breakwater up…
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…
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