There’s been plenty of commentary on the risks of bring-your-own tech devices to enterprise, but not much consideration of how employees can lose out when they use their own smartphone, tablet or notebook in their employer’s cause. We took a phone call this week that highlighted the need for protection on both sides of the…
The amalgamation of Sri Lanka Merchant Bank (MBSL), MBSL Savings Bank (MSB) and MCSL Financial Services has received the approval of the respective boards of directors. While announcing this, MBSL chairman M.R. Shah said only the Sri Lanka Merchant Bank (MBSL) would remain as an institution after the amalgamation. This amalgamation would be effective from…
Colombo Shares closed with higher returns on Thursday, as All share price index gained 6.61 points (+0.10%) to close at 6,328.16 while 20-script S&P SL index gained 5.99 points (+0.17%) to close at 3,507.54. Price appreciation in Commercial Bank (closed at LKR 137.50, +1.9%), Property Development (closed at LKR 123.90, +21%) and Nestle Lanka (closed…
Damage caused to the rubber tubing on the buoy that supports the pipeline transporting fuel from tankers about nine kilometers away from shore has made it impossible to supply any fuel to the Sapugaskanda refinery. The rumor that this would cause a fuel shortage in the country is false and there would be no such…
The government is preparing to join the national grid to the third phase of the Norochcholai coal power project next month. While commenting on this, Ceylon Electricity Board (CEB) chairman W.B. Ganegala told AdaderanaBiz.lk that the third phase of the Norochcholai coal power plant would add another 300 megawatt of electricity to the national grid….
Google announced on Wednesday it was working on a low-cost smartphone aimed at emerging markets as part of an initiative called Android One. The Android-powered handset will be built with a basic set of features including FM radio, have a screen slightly smaller than five inches and be priced at less than US$100, Google senior…
Thirty one years ago, on June 25 1983, India won her first Cricket World Cup title. The image of captain Kapil Dev holding the trophy high at the Lord’s balcony is etched in the country’s collective memory. And now, a film is being made on this landmark achievement, allowing the current generation to revisit the…
Adam Investments Limited has bought 25.71 percent ordinary voting shares of PCH Holdings subsidiary PC Pharma PLC Limited which imports medicinal drugs and medical equipment to Sri Lanka. Accordingly, between 23 and 25 June 2014 Adam Investments Limited has bought 25.9 million ordinary voting shares of PC Pharma PLC Limited. While these shares had been…
Colombo bourse sustained the positive momentum gained in previous session and closed with higher returns. Benchmark All Share Price index gained 10.68 points or 0.17% to end at 6,321.55 while S&P SL 20 index marginally gained 5.43 points or 0.16% to end at 3,501.55. Price progression in counters such as John Keells Holdings (closed at…
Since power had been generated continuously using fuel due to the lack of rainfall within the catchment areas, the dues to be paid by the Ceylon Electricity Board (CEB) to the Ceylon Petroleum Corporation (CPC) too have increased to Rs. 18 billion by now, it has been revealed. While speaking to AdaderanaBiz.lk, CEB charman W.B….
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