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Enter Norochcholai Phase 3

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….

(0)Comments | June 26, 2014 2:57 pm

Google making sub-US$100 smartphone for emerging markets

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…

(0)Comments | June 26, 2014 2:11 pm

Now a film on India’s 1983 Cricket World Cup win

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…

(0)Comments | June 26, 2014 1:42 am

Adam Investments gains 25% ownership of PC Pharma

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…

(0)Comments | June 25, 2014 6:04 pm

Stock Market Review – 25th June 2014

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…

(0)Comments | June 25, 2014 5:23 pm

CEB gets its wires tangled again

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….

(0)Comments | June 25, 2014 2:08 pm

Perodua revises Viva price scheme

SECOND national carmaker Perodua announced that it has revised the pricing scheme for its popular Viva compact model starting from June 17. Available in five variants, the Viva model range sees its price drop between RM3,000 to RM5,300 depending on variants. The Viva model’s estimated on-the-road (OTR) pricing will now start from RM22,000 for the…

(0)Comments | June 25, 2014 2:06 pm

SMS, Web lottery to revolutionize Sri Lanka’s lottery market soon

EXCLUSIVE: The Lotteries Board is preparing to enter the mobile phone and internet market before the end of this year by introducing Short Message Service (SMS) and Web lottery to the local market. While commenting on this, Lotteries Board chairman Chaminda Athuluwage told AdaderanaBiz.lk that the proposal to introduce these lotteries have been already forwarded…

(0)Comments | June 25, 2014 11:33 am

Japan scientists unveil news-reading robots -Video

The anchors that front your news bulletins could soon well be replaced, as Japanese scientists unveil what they claim to be the world’s first news-reading robots. In a demonstration at a Tokyo museum on Tuesday, two human androids displayed their ability to speak with ease by delivering the news to a room of reporters. The…

(0)Comments | June 25, 2014 11:32 am

Touchwood appeals against liquidation order

The reforestation company Touchwood Investments PLC has appealed for the dismissal of a recent court order for its winding up and liquidation.   Court ordered on 05 June 2014 that Touchwood Investments PLC be liquidated and wound up and the Colombo Commercial High Court No. 3 appointed G.K. Sudath Kumar as the liquidator. A group…

(0)Comments | June 25, 2014 10:56 am