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Ranjith Rubasinghe appointed CEO of Mobitel

Ranjith G. Rubasinghe was appointed as the Chief Executive Officer of Sri Lanka Telecom Mobitel with effect from June 27, 2014. Rubasinghe brings with him a wealth of experience in the fields of telecommunications and IT in several national and multinational organisations, including Sri Lanka Telecom for 12 years.  He is a Chartered Engineer, Representative…

(0)Comments | July 3, 2014 6:52 pm

Stock Market Review – 03rd July 2014

Colombo stock market managed to maintain the momentum gained on previous trading sessions where both indices witnessed positive returns. Main bourse gained 34.76 index points (+0.54%) to close at 6,467.28 while S&P SL20 index gained 30.48 index points (+0.85%) to end at 3,608.42. Price appreciations in equities such as Ceylon Tobacco Company (closed at LKR…

(0)Comments | July 3, 2014 5:25 pm

Is this the most secure smartphone in the world?

The answer that question is: probably. The Blackphone has been designed first and foremost to protect the owner’s privacy as data security becomes increasingly important to consumers amid NSA spying revelations and data hacking concerns. Priced at $629, the smartphone runs ProvatOS, an Android-based operating system and has features which optimises the phone’s security. These include a…

(0)Comments | July 3, 2014 5:06 pm

India hikes minimum export price of onions by 67 percent

The government on Wednesday hiked the minimum export price of onions by 67 percent to $500 per tonne in a bid to discourage exports and improve local supplies as its prices surged in domestic markets. After the increase, the minimum export price of onions translates to Rs.30 per kg. Onion prices have soared in the…

(0)Comments | July 3, 2014 1:37 pm

Facebook buys video ad technology firm

Facebook has acquired LiveRail – a tech start-up that helps companies place more relevant ads in the videos that appear on their websites and apps. LiveRail also provides a real-time bidding platform for marketers looking to place ads on online videos. The firms did not reveal the financial terms, but some reports indicate that Facebook…

(0)Comments | July 3, 2014 11:42 am

Did Templeton Trust buy Hemas shares sold by EPF?

The crossing of 33.5 million shares of Hemas Holdings Limited at Rs. 45 each this morning (2June) has been sold by the Employees Provident Fund (EPF) and another party, it has been revealed. There is a rumor that this transaction has been done by a foreign based trust fund by name of Templeton Trust. The…

(0)Comments | July 3, 2014 1:06 am

Weather unfavourable for buoy to be brought to land

It has been revealed the damaged caused to the buoy used to transport fuel from sea to land cannot be repaired during the prevailing weather. Commenting on this to AdaderanaBiz.lk, Ceylon Petroleum Corporation (CPC) chairman Sirisena Amarasekera said that the prevailing rainy weather obstructs any repairs of this kind. As an alternative they plan to…

(0)Comments | July 2, 2014 11:38 am

Dhammika Perera to head Rocell

Prominent businessman Dhammika Perera has been appointed the new chairman of Royal Ceramics Lanka PLC. Earlier Dhammika Perera was the deputy chairman of this company while A.M Weerasinghe was thechairman. Mr. Weerasinghe would continue to be a director of Royal Ceramics Lanka PLC.

(0)Comments | July 1, 2014 9:26 pm

Stock Market Review – 01st July 2014

Colombo equity market posted mixed results on Tuesday amid high activity levels in premier blue-chip, John Keells Holdings. Core index marginally declined by 2.61 index points (-0.04%) to end at 6,376.01 while 20-scrip S&P SL index gained 9.13 index points (+0.26%) to close at 3,543.56. Price declines in counters such as Sri Lanka Telecom (closed…

(0)Comments | July 1, 2014 5:34 pm

Toyota i-Road Car-Sharing Program Expands to Grenoble in October

Toyota started testing it’s new i-Road ultra light EV in Japan about two months ago, to see if it will adapt to real traffic conditions. It seems they succeeded because the project is now expanding to Europe, with Grenoble being the first city to support this sort of car-charing program. Grenoble, France, is known for…

(0)Comments | July 1, 2014 5:22 pm