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V4 Tiger in biggest push leveraging historic FTAs

The V4 industrial economy billed as the Tetra Tiger due to its high growth, has revealed for the first time that it wants to synergise Lanka’s historic FTAs to penetrate South Asia, as informed on 27 November-and it is also readying for new bilateral efforts of high capacity across the board-in Lanka’s wheat production, energy…

(0)Comments | December 2, 2014 7:04 pm

Stock Market Review – 02nd Dec 2014

Volatility returned to Colombo bourse on Tuesday after two consecutive days of gains, as investors reacted to the developments in the political front. Market gained 34.09 points in the morning session but failed to maintain the positive momentum and declined sharply in the latter half. The main index lost 45.10 points (-0.62%) to end at…

(0)Comments | December 2, 2014 6:54 pm

Ceylon & Foreign Trades buys Colombo 14 property

Ceylon & Foreign Trades PLC has purchased the property and buildings at No. 258, Vincent Perera Mawatha in Colombo 14 for Rs. 1,015,501,066. This transaction has been made with the approval of shareholders with more than 75 per cent shares in the company.

(0)Comments | December 2, 2014 3:44 pm

IFS partners with University of Moratuwa to spark innovation and entrepreneurship

Leading global software development company, IFS announceditspartnershipwith the University of Moratuwa to establish anIFS Endowed Chair for Innovation and Entrepreneurshipat the University of Moratuwa,at a press briefing held in Colombo today.An agreement establishing thiswas signed between IFS and the University of Moratuwa in the presence of dignitaries and members of the media. The partnership marks…

(0)Comments | December 2, 2014 1:15 pm

Sri Lanka’s budding real estate industry aims to change Colombo’s skyline

Real estate in Sri Lanka has become an attractive post-war investment option attracting major foreign investment. Backed by development initiatives launched by the government and ambitious plans afoot by the private sector, its future looks promising. Foreign investors have been quick to sense this evolution with reputed multinationals such as Hong Kong’s Shangri-la, India’s Krrish…

(0)Comments | December 2, 2014 12:08 pm

Import duty on big onions increased by Rs. 15

The import duty on big onions increased from Rs. 35 to Rs. 50 with immediate effect, Minister of Cooperatives and Internal Trade Johnston Fernando said a short while ago.

(0)Comments | December 2, 2014 10:16 am

North-East rubber plantation successful amid fresh expectations –Video Interview

The Rubber Research Institute (RRI) has found that rubber could be grown as a commercial crop in the North and East and has already started pilot projects. While talking to, RRI Director Dr. Gamini Seneviratne said that these plantations have been very successful. This is the discussion BIZ 24×7 of the Ada Derana 24×7…

(0)Comments | December 1, 2014 5:33 pm

Stock Market Review – 01st Dec 2014

Colombo equities managed to maintain the momentum gained on last Friday and both indices closed with notable gains.  Core index gained 121.78 index points or 1.7% to close at 7,275.68 while 20-scrip S&P SL index advanced by 69.55 index points (+1.8%) to end at 4,040.67. Shares gained across the board during today’s session and the…

(0)Comments | December 1, 2014 5:32 pm

Chance to make Sri Lankan whiz kids win Google world competition

A youth team from Sri Lanka, comprising Vimukthi Liyanage and Shameera Weerasinghe has been successfully included among the nine finalists from the 317 competitors from some 60 countries world-wide in the GBG Success Stories competition organized by Google. This victory is for Mogo Reader, a personal mobile reader which enables to experience the new mobile…

(0)Comments | December 1, 2014 1:34 pm

Facilities in South to pay for vehicle revenue license through credit cards, mobile phones

Facilities have been made to enable financial payments through credit cards and mobile phones to obtain vehicle revenue licenses. These facilities will be made available starting from the Southern Province, says the government owned Information and Communication Technology Agency of Sri Lanka Limited (ICTA). ICTA adds that facilities would also be arranged in the Southern…

(0)Comments | December 1, 2014 1:12 pm