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Join us to Bangladesh if Sri Lanka enters T/20 finals

If Sri Lanka wins today’s ICC T/20 World Cup match against the West Indies at the semi-finals played today in Bangladesh, George Steuart Travels and Mihin Lanka have joined hands to provide travel and other facilities to cricket lovers to witness the finals next Sunday. If Sri Lanka reaches the finals, a Mihin Lanka flight…

(0)Comments | April 3, 2014 11:02 am

Electric cars must make noise under new EU rules

Electric and hybrid cars will have to generate noise to make them safer for pedestrians, especially the visually impaired, the European Parliament says. MEPs agreed that in future the vehicles must be fitted with devices to make them “sound similar” to cars with combustion engines. The move has been welcomed by campaigners. MEPs also voted…

(0)Comments | April 3, 2014 10:30 am

Stock Market Review

Colombo shares ended today with mixed results as indices closed in opposite directions. Bench mark All share price index marginally advanced by 2.95 (+0.05%) points to end at 6,004.78 and S&P SL 20 index declined by 17.96 (-0.54%) points to end at 3,281.94. Price appreciations in John Keells Holdings (closed at LKR 234.00, +0.5%), Sri…

(0)Comments | April 2, 2014 12:00 pm

New head for Sinhaputhra Finance

Joseph Rienzi Jayalath Nanayakkara has been appointed as Chairman of Sinhaputhra Finance PLC with effect from 01 April 2014. He does not have any relevant shares in this company.

(0)Comments | April 2, 2014 9:25 am

Double blow for Ceylon Electricity Board

The Ceylon Electricity Board’s hydro-power generation has fallen to 15 percent due to the prevailing drought and hence 85 percent of the required power is being generated through fuel and coal power plants, says the chairman of the Ceylon Electricity Board (CEB). CEB chairman W.B. Ganegala told AdaderanaBiz that the board’s losses have increased since…

(0)Comments | April 2, 2014 4:26 am

Krishan heads Nations Trust Bank

Krishan Balendra has been appointed Chairman of Nations Trust Bank (NTB). He is to assume duties from 01 May 2014.

(0)Comments | April 1, 2014 4:18 pm

Stock Market Review

Colombo bourse regained lost ground on Tuesday as the ASI closed at 6,001.83, up by 33.52 index points (+0.56%) while 20-script S&P SL index closed at 3,299.90, up by 19.98 index points or 0.61%. The gains in the index were led by price appreciations in blue chips such as John Keells Holdings (closed at LKR…

(0)Comments | April 1, 2014 11:53 am

Strategic investors for several Sri Lankan banks

Several strategic investors have expressed their willingness to invest in Sri Lanka’s banks and non-banking financial institutions, says the Central Bank of Sri Lanka (CBSL). These types of investments would make the balance sheets of such institutions stronger and also provide the opportunities to widen their businesses, says the CBSL. Meanwhile, the process of consolidating…

(0)Comments | April 1, 2014 9:50 am

CEAT invests Rs. 600 million more on radials

CEAT Kelani Holdings (Pvt) Ltd. which produces almost half of Sri Lanka’s tyre requirements invested Rs. 600 million to establish a new factory for producing radial tyres. This new factory is adjoining the existing CEAT Kelani manufacturing complex in Kelaniya. The company says that this would enable it to develop its tyres with the CEAT…

(0)Comments | April 1, 2014 9:33 am

Work on Kottawa Expressway city to begin soon

While AdaderanaBiz continued to reveal details of the ultra modern city near the Kottawa interchange of the Southern Expressway, now it could be revealed when this project would begin. Urban Development Authority (UDA) Deputy Director – Planning, Priyani Navaratne told AdaderanaBiz, “The planning stages of this project have been now completed. We expect to begin…

(0)Comments | April 1, 2014 3:37 am