Top News

Gold Prices Rise After Jobs Report

Gold prices rose to their highest level in more than a week Friday after data showed the U.S. created slightly fewer jobs than expected in March. The data pointed to moderate improvement in the labor market, suggesting the Federal Reserve is likely to keep interest rates near zero well into 2015. Gold for June delivery,…

(0)Comments | April 5, 2014 8:20 pm

‘Parippu’ may not be so tasty this New Year

‘Parippu’ or red lentils know to most as Dhal is known to be a favourite among Sri Lankans. However, for this New Year parippu may lose some of its taste. This is since there is a crisis ‘boiling’ within Sri Lanka’s dhal market. The import tax on finished dhal is lesser that that on whole…

(0)Comments | April 5, 2014 6:10 am

How will SLC pay USD 1.5 million to cricket team?

The executive committee of Sri Lanka Cricket (SLC) at an emergency meeting this morning has decided to pay an additional bonus of US dollars 1.5 million to the Sri Lanka cricket team if they win the championship at the ICC Twenty20 World Cup Cricket Tournament being played in Bangladesh. This includes the USD 500,000 participatory…

(0)Comments | April 4, 2014 12:27 pm

Stock Market Review

Equity market concluded weekly operations on Friday in a positive note, recording 21-month high turnover of LKR 5.04bn. Both indices closed with positive returns as All share price index advanced by 36.08 (+0.60%) points to close at 6,054.55 and S&P SL 20 index advanced by 27.60 (+0.84%) points to close at 3,323.10. Progression of share…

(0)Comments | April 4, 2014 12:12 pm

New Zealand’s Fonterra fined over botulism food scare

Dairy giant Fonterra has been fined $NZ300,000 ($256,675; £154,748) after it admitted four food-safety violations during a 2013 botulism scare. The scare led to a worldwide milk product recall and to several countries blocking imports of New Zealand dairy products. Testing later found there had been no problem with the firm’s products. Fonterra had faced…

(0)Comments | April 4, 2014 7:03 am

Katunayake Expressway bus fare reduced

The Ceylon Transport Board (CTB) bus fare on the Colombo-Katunayake Expressway has been reduced with effect from today (04 April). The earlier fare of Rs. 150 from Colombo to Negombo has been revised to Rs. 120 and from the earlier fare of Rs. 130 from Colombo to Katunayake has been reduced to Rs. 120.

(0)Comments | April 4, 2014 6:34 am

Stock Market Review

Colombo stock market managed to end positively on Thursday as both indices closed with higher returns. ASI gained 19.77 index points or +0.33% to closed at 6,024.55 while 20 scrip S&P SL index gained 21.85 index points or +0.67% to closed at 3,303.79. Price appreciations in counters such as Sri Lanka Telecom (closed at LKR…

(0)Comments | April 3, 2014 11:49 am

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