President Mahinda Rajapaksa has instructed Treasury Secretary P.B. Jayasundera to adhere to the existing methodology of paying gratuity to retiring public servants. Trade unions in Sri Lanka say that 18,000 state employees have not received pension gratuity for three years. The All Ceylon Trade Union Federation said the state employees have not received Rs 700…
LANKAN Rupee is the only Australian-trained galloper rated among the world’s top 10 racehorses. The International Federation of Horseracing Authorities released their latest round of World’s Best Racehorse Rankings with Melbourne’s super sprinter Lankan Rupee coming in with a 123 The only other runners from this region among the world’s top 30 are retired New…
The price of Brent crude spiked on Friday over concerns about the ongoing insurgency in Iraq. Oil prices settled down, but at $4 per barrel higher than at the beginning of the week. Reassurances about the flow of oil supplies went some way to calming market jitters. Brent crude futures stabilised at $112.32 per barrel,…
The Government of Pakistan through its High Commission in Sri Lanka has awarded SL Rs 2 Million worth of educational scholarships to 71 students of O/L and A/L and 12 promising working journalists under the second Phase of Jinnah Scholarship Programme 2014. The ceremony to award Jinnah Educational Scholarship 2014 was held at Ananda College,…
Finance and Plan Implementation Deputy Minister Dr. Sarath Amunugama and Investments Promotion Deputy Minister Faizer Musthapha attended an investment forum today (13 June) at Osaka in Japan to raise awareness among Japanese investors on opportunities in Sri Lanka. Investments Promotion Deputy Minister Faizer Musthapha told AdaderanaBiz.lk that some 100 Japanese investors and around 25 representatives…
The Colombo bourse wrapped up the weekly operations on a positive note with benchmark indices gaining notably. The All Share Price Index gained 43.86 points (+0.7%) to close at 6,337.22 while S&P SL 20 index gained 28.45 points (+0.8%) to close at 3,505.03. The index performance was supported by price appreciations in index heavy counters…
Prominent Sri Lankan businessman Dhammika Perera has been appointed Co-Chairman (Non-executive) of Hayleys PLC. Meanwhile, the term of Mohan Pandithage as Executive Chairman/Chief Executive which ends in May 2016 has been extended for another five years from that date.
Director and Shareholder of Wijemanna Holdings (Private) Limited, D.G. Wijemanna purchased 9,600 shares of RGEM while increasing his total individual holding of RGEM to 216,444 shares. Wijemanna Holdings (Private) Limited holds 23,600 shares of RGEM and through today’s transaction has acquired 10 percent shares of Radiant Gems.
Was your Toyota inspected under the company’s recall campaign for faulty airbag inflators last year? You might have another trip ahead to have it repaired again. The automotive giant says that it found “the involved serial numbers provided by the supplier were incomplete, and did not include all of the potentially involved inflators,” according to…
Gold prices are expected to plunge to five-year low this year with the US asset purchase programme ending by December 2014, said experts on Thursday. Gold price slightly moved up in domestic and international markets in the last 24 hours. “Gold – which maintained at one year low of Rs47,600 per tola (11.66 grams) for…
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