Colombo bourse closed the trading on Thursday on an upbeat note, recoding gains for the third consecutive trading session. ASI index gained 61.91 index points or +1.01% to close at 6,180.76, simultaneously 20 scrip S&P SL index gained 26.54 index points or 0.79% to close at 3,395.47. Price appreciations in Ceylon Tobacco (closed at LKR…
BTC China, one of the country’s leading digital currency exchanges, has installed China’s first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies. Rising interest from mainland Chinese speculators was credited for driving up global bitcoin…
The Colombo Stock Exchange (CSE) has approved Richard Pieris to list its debt securities at the stock market. Accordingly, the CSE has approved the Company’s 30,000,000 Rated Unsecured Redeemable Debentures at an issue price of Rs. 100 each with an option to issue another 5,000,000 Debentures in the event the initial 30,000,000 debentures are oversubscribed….
China’s demand for gold is set to rise by about 20% over the next few years, the World Gold Council has estimated, as the population becomes more wealthy. The council estimates private sector demand for gold in China will rise to at least 1,350 tonnes by 2017. Chinese customers bought 1,132 tonnes of gold last…
Thousands of workers at a major shoe factory in China, which supplies brands including Nike and Adidas, are striking over social security payments. Workers at the Yue Yuen factory, in the southern industrial hub Dongguan, are demanding better social insurance and housing fund contributions. The dispute has been ongoing since early April, with workers reportedly…
With the development of the tourism industry in Sri Lanka the number of business travelers too has reportedly seen marked increase. Accordingly, the number of business tourists in 2013 has increased by 4.8 percent to 94,320. However, in 2009 only 38,473 business travelers had arrived in Sri Lanka. The number of tourists to Sri Lanka…
Sri Lanka’s unemployment rate has shown an increase last year. While the unemployment rate had been 4.0 percent in 2012 it has increased to 4.4 percent in 2013. According to the Central Bank of Sri Lanka the cause for this increase has been the entry of a large number of new employment seekers into job…
India’s largest car maker Maruti Suzuki on Friday said it will recall over one lakh units of its popular models — Ertiga, Swift and DZire – to replace faulty fuel filler neck. The recall, one of the biggest by the company, will impact 42,481 units of DZire, 47,237 units of Swift and 13,593 units of Ertiga manufactured…
Colombo bourse concluded the weekly operations in a positive note as both indices closed higher. Benchmark All share price index gained 17.29 (+0.28%) points to close at 6,092.34 and 20-script S&P SL index marginally gained 1.92 (+0.06%) points to close at 3,346.92. Price progression in Sri Lanka Telecom (closed at LKR 48.00, +3.5%), Lanka IOC…
Bairaha Farrns Plc. has decided to collaborate in a new project to set up a large scale, state of the art commercial animal feed manufacturing factory together with raw materials procurement and modern post-harvest storage facilities. The joint-venture known as Fortune Agro Industries (Pvt) Ltd is promoted by another poultry producer namely Farms Pride (Pvt)…
Video Story
