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‘Biz 24X7’ Interview with the Chairman of the Urban Development Authority

Ada Derana ‘Biz 24X7’ Interview with the Chairman of the Urban Development Authority (UDA) Mr. Nimal Perera.

(0)Comments | November 10, 2014 11:18 am

BMW develops street lights with electric car-charging sockets

FRANKFURT (Reuters): BMW has developed street lights equipped with sockets to charge electric cars, it said on Friday, and will run a pilot project in Munich next year that uses existing local authority lighting networks. BMW said it has made two prototype “Light and Charge” street lights which combine efficient Light Emitting Diodes (LED) with…

(0)Comments | November 7, 2014 9:47 pm

Hayleys records healthy growth in 1H 2014/15

Hayleys PLC, one of Sri Lanka’s leading conglomerates, in a filing to the Colombo Stock Exchange reported healthy growth in 1H of 2014/15.  The Group achieved revenue growth of 15% amounting to Rs 45.5 Bn in 1H 2014/15; whilst Profit After Taxation (PAT) grew 30% in the second quarter contributing to a PAT of Rs….

(0)Comments | November 7, 2014 9:42 pm

Stock Market Review – 07th Nov 2014

Colombo shares concluded in positive territory on Friday as core index notably advanced by 57.69 points or 0.78% to close at 7,416.15 while 20-script S&P SL 20 index gained 26.19 points or 0.64% to close at 4,128.30. The gains were mainly driven by price appreciations in counters such as Ceylon Tobacco (closed at LKR 1,150.00,…

(0)Comments | November 7, 2014 5:20 pm

For first time in history Sri Lanka’s tourist arrivals passes 1.2 million mark

Latest government data shows that for the first time in Sri Lanka’s history, tourist arrivals during the 10 months of this year has passed the 1.2 million mark. The significant feature is the huge increase in the arrival of Chinese tourist to Sri Lanka. According to this data, 1,228,754 tourists have arrived in Sri Lanka…

(0)Comments | November 7, 2014 3:31 pm

Prominent Sri Lanka investor Senthilverl consolidates stake in Vallibel Power

Prominent investor at the Colombo Stock Exchange, Dr. T. Senthiverl now owns 14.432 per cent shares of Vallibel Power Erathna PLC headed by another prominent Sri Lankan businessman Dhammika Perera. This increase in shares is following Dr. Senthilverl acquiring 105.8 million shares of Vallibel Power on 04 November. Currently he is in possession of 107.8…

(0)Comments | November 7, 2014 3:11 pm

Toyota’s 850-horsepower Camry is insane

Toyota unveiled an 850-horsepower Camry sedan at a Las Vegas trade show Tuesday. Yes, it’s insane. No, you can’t buy one. Compare that horsepower figure to a Lamborghini Huracán, which packs 602, or a Dodge Challenger Hellcat with 707. Toyota (TM) calls it the “Sleeper Camry.” Generally speaking, a “sleeper car” is one that looks…

(0)Comments | November 6, 2014 11:34 am

Female Field Officers making strides in Sri Lanka’s plantation industry

Women workers in estates applaud pioneering empowerment initiative  A feminine touch has been welcomed by the traditionally male-dominated estate sector, with a pioneering initiative by a Regional Plantation Company (RPC) to empower and develop Female Field Officers receiving the strong support and commendation of the company’s female workers. Kahawatte Plantations PLC which pioneered the concept…

(0)Comments | November 5, 2014 10:13 pm

Starwood Worldwide to manage Browns’ Sheraton Kosgoda Turtle Beach Resort in Sri Lanka

Browns Hotels and Resorts Limited, a fully owned subsidiary of Browns Investments PLC signed an agreement today (05 November) with Starwood Hotels and Resorts Worldwide Inc. to grant Starwood the management rights of its five-star Sheraton Kosgoda Turtle Beach Resort in Kosgoda in the southern coast of Sri Lanka. Sheraton Kosgoda Turtle Beach Resort will…

(0)Comments | November 5, 2014 9:41 pm

Merchant Bank of Sri Lanka debenture issue oversubscribed

The debenture issue by the Merchant Bank of Sri Lanka PLC has been oversubscribed on the opening day itself. The bank was to issue 20 million unsecured redeemable debentures at an issue price of Rs. 100 each. However, since the issue had received over 20 million applications for subscriptions the list had been closed at…

(0)Comments | November 5, 2014 9:09 pm