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Suicides prompt Government to train students, parents on facebook usage

Following the reports of two Sri Lankan students committing suicide over issues involving the popular social media network Facebook, the government is preparing to raise awareness among the country’s school children and their parents on the ethical and safe usage of social media like Facebook, Twitter etc. AdaderanaBiz learns that the Telecommunication and Information Technology…

(0)Comments | March 13, 2014 8:19 am

Moves to list BOI companies with CSE from day of inception

Securities Exchange Commission of Sri Lanka chairman Dr. Nalaka Godahewa says the commissions has informed the Board of Investment (BOI) that there is a possibility of creating a separate board to list companies under its projects at the Colombo Stock Exchange (CSE) from their inception. Securities Exchange Commission chief Dr. Nalaka Godahewa told AdaderanaBiz this…

(0)Comments | March 13, 2014 7:00 am

Manipal, Raffles Universities branch out to Sri Lanka

India’s Manipal University which is active in 54 countries while catering to the education needs of over 26,000 students and Singapore’s Raffles University are reportedly set to establish their branches in Sri Lanka. Authorities from these universities are already in discussion with the Ministry of Higher Education regarding this, said Ministry secretary Dr. Sunil Jayantha…

(0)Comments | March 13, 2014 5:28 am

Ancient Gaffoor Building becomes a city hotel

Gaffoor Building, an ancient and famous landmark on Main Street, Colombo is to be renovated and reopened as a city hotel managed by the Urban Development Authority (UDA) by end next year, said the UDA chairman. This renovated city hotel would consist of around 70 rooms, UDA chairman Nimal Perera told AdaderanaBiz. “When we acquired…

(0)Comments | March 13, 2014 5:27 am

SL Rupee weakens

The Sri Lanka Rupee showed a downward trend against the US dollar at the money market a short while ago. US Dollar spot rate was 130.65/75 a short while ago. The reason is attributed to importer dollar demand.

(0)Comments | March 13, 2014 5:26 am

Foreign buying for sixth consecutive day

Though transactions at the Colombo Stock Exchange (CSE) decreased today, foreign buying rather than foreign selling was prominent for the sixth consecutive day. Accordingly, the net foreign buying reached Rs. 95 million. Foreign investors bought shares to the tune of Rs. 258 million while they sold shares amounting to Rs. 163 million. Foreign investor participation…

(0)Comments | March 12, 2014 11:48 am

Sri Lanka’s largest bridge on outer circular highway

Sri Lanka’s largest bridge is to be along the outer circular highway, is to be constructed across the Kelani River and would be 10 lanes, it has been revealed. The Kaduwela interchange of the outer circular highway would be constructed on this bridge, said Road Development Authority chief R.W.R. Pemasiri while speaking to AdaderanaBiz. “When the first phase of…

(0)Comments | March 12, 2014 9:00 am

Sri Lanka Treasury Bill yields down this week

Sri Lanka’s Treasury Bill yields showed a downward trend at the weekly primary auction today with the three month yield down by two basis points to 6.69, six month yield down by three basis points to 6.85 and the one year yield down one basis point to 7.06. The auction was oversubscribed with bids amounting to Rs. 36,082…

(0)Comments | March 12, 2014 8:43 am

SEC suspends trading of Touchwood shares

The Securities and Exchange Commission (SEC) has decided to suspend trading of Touchwood Investments PLC shares until the company releases its interim financial statements to the market. Accordingly, the SEC has informed the Colombo Stock Exchange to suspend the trading of Touchwood Investments PLC shares with immediate effect.

(0)Comments | March 11, 2014 6:51 pm

Sri Lanka Rupee up

The opening value of the Sri Lanka Rupee against the US dollar in the money market this morning was selling rate 130.60 and buying rate 130.55. However at close the Sri Lankan Rupee showed an upward trend against the US$ with a selling rate of 130.55 and buying rate of 130.50. This indicates an appreciation…

(0)Comments | March 11, 2014 9:29 am