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MH17 took route avoided by Qantas, Cathay Pacific

Malaysia Airlines System Bhd, whose plane carrying 298 passengers was shot down over eastern Ukraine, took a route that Qantas Airways Ltd and several other carriers avoided. Qantas hasn’t been using that route for a few months, said Andrew McGinnes, a spokesman for the Australian carrier, while Cathay Pacific Airways Ltd said it hasn’t been…

(0)Comments | July 19, 2014 2:30 pm

Latest Toyota Sienna minivan makes it easier to yell at kids

Toyota wants to help you scream at your unruly kids. The latest version of the company’s Sienna minivan has a feature called “Driver Easy Speak.” It uses a built-in microphone to amplify a parent’s voice through speakers in the back seats. Toyota says it added Easy Speak “so parents don’t have to shout to passengers…

(0)Comments | July 19, 2014 2:18 pm

Stock Market Review – 18th July 2014

Colombo stock market wrapped the weekly operations in opposite directions where main bourse witnessed marginal returns with turnover crossing LKR 1bn mark. ASI index gained 0.33 index points to close at 6,722.20 while S&P SL20 index declined 8.49 index points or 0.23% to end at 3,738.98. Gains were recorded in index heavy stocks such as…

(0)Comments | July 19, 2014 2:13 pm

What is happening to the financial sector consolidation programme?

Most parts of the financial sector consolidation programme launched by the Central Bank of Sri Lanka could be completed by end this year and is scheduled to be completed within the first quarter of next year, said the Central Bank Governor. Under this programme, some15 transactions are expected soon and discussions are now going ahead,…

(0)Comments | July 18, 2014 4:40 pm

UK Price Cap Flags Regulatory Risk for High-Cost Lenders

The proposal for a price cap on high-cost, short-term credit in the UK highlights the regulatory risks for non-standard lenders, Fitch Ratings says. It signals the potential for stricter rules in the UK that are closer to other countries in Europe and the US, as increased regulation extends from banks to shadow banking and consumer…

(0)Comments | July 18, 2014 3:37 pm

Asia Finance takes leap forward

While complying with the Central Bank’s Financial Sector Consolidation Programme 2014, Asia Asset Finance PLC is preparing to for a Rights Issue to increase its core capital to Rupees One Billion. The company is to issue 279.7 million shares at Rs. 1.60 each in the proportion of one new ordinary share for every two ordinary…

(0)Comments | July 18, 2014 2:28 pm

adaderanabiz.lk report proved correct. US company to broker NDB-DFCC amalgamation

Proving the adaderanabiz.lk news report on 24 June that the world renowned Boston Consulting Group has been selected to advice on the DFCC-National Development Bank amalgamation process, these two banks have informed the Colombo Stock Exchange of this fact. This announcement has stated that Boston Consulting Group (India) Private Limited has been selected to advice…

(0)Comments | July 17, 2014 9:57 pm

Stock Market Review – 17th July 2014

Colombo bourse ended in negative territory on Thursday after three consecutive days of gains. Core index lost 20.69 points or 0.31% to close at 6,721.87 while S&P SL 20 index lost 12.53 points or 0.33% to close at LKR 3,748.52. Price declined in counters such as Sri Lanka Telecom (closed at LKR 55.00, -2.1%), Lion…

(0)Comments | July 17, 2014 5:24 pm

Real Madrid ‘most valuable sports team’, says Forbes

Spanish football club Real Madrid has topped an annual Forbes list of the world’s most valuable sports teams. The club, who won the Champions League in May, is worth an estimated $3.44bn (£2bn), Forbes said. The top three slots are occupied by football clubs, with Barcelona in second place at $3.2bn, and Manchester United third,…

(0)Comments | July 17, 2014 1:11 pm

Sri Lanka’s first-ever Medical Reference Laboratory launched by Lanka Hospitals Diagnostics

Sri Lanka’s leading healthcare service provider, Lanka Hospitals launched its revolutionary offering, a Medical Reference Laboratory today (16July). The landmark opening of the first-ever such reference laboratory in the country was graced by President Mahinda Rajapaksa, who presided over to the occasion as the chief guest. With the opening of this new medical reference laboratory…

(0)Comments | July 16, 2014 9:54 pm