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Super sprinter Lankan Rupee rated among the world’s top 10 racehorses

LANKAN Rupee is the only Australian-trained galloper rated among the world’s top 10 racehorses. The International Federation of Horseracing Authorities released their latest round of World’s Best Racehorse Rankings with Melbourne’s super sprinter Lankan Rupee coming in with a 123 The only other runners from this region among the world’s top 30 are retired New…

(0)Comments | June 14, 2014 12:55 pm

Oil markets spike on Iraq concerns

The price of Brent crude spiked on Friday over concerns about the ongoing insurgency in Iraq. Oil prices settled down, but at $4 per barrel higher than at the beginning of the week. Reassurances about the flow of oil supplies went some way to calming market jitters. Brent crude futures stabilised at $112.32 per barrel,…

(0)Comments | June 14, 2014 12:07 pm

Pakistan awards Scholarship to 83 brilliant Sri Lankan Students including 12 promising Journalists

The Government of Pakistan through its High Commission in Sri Lanka has awarded SL Rs 2 Million worth of educational scholarships to 71 students of O/L and A/L and 12 promising working journalists under the second Phase of Jinnah Scholarship Programme 2014. The ceremony to award Jinnah Educational Scholarship 2014 was held at Ananda College,…

(0)Comments | June 14, 2014 11:05 am

100 Japanese investors meet Sri Lankan companies

Finance and Plan Implementation Deputy Minister Dr. Sarath Amunugama and Investments Promotion Deputy Minister Faizer Musthapha attended an investment forum today (13 June) at Osaka in Japan to raise awareness among Japanese investors on opportunities in Sri Lanka. Investments Promotion Deputy Minister Faizer Musthapha told AdaderanaBiz.lk that some 100 Japanese investors and around 25 representatives…

(0)Comments | June 13, 2014 5:59 pm

Market Review – 13th June 2014

The Colombo bourse wrapped up the weekly operations on a positive note with benchmark indices gaining notably. The All Share Price Index gained 43.86 points (+0.7%) to close at 6,337.22 while S&P SL 20 index gained 28.45 points (+0.8%) to close at 3,505.03. The index performance was supported by price appreciations in index heavy counters…

(0)Comments | June 13, 2014 5:45 pm

Dhammika Perera appointed Hayleys Co-Chairman

Prominent Sri Lankan businessman Dhammika Perera has been appointed Co-Chairman (Non-executive) of Hayleys PLC. Meanwhile, the term of Mohan Pandithage as Executive Chairman/Chief Executive which ends in May 2016 has been extended for another five years from that date.

(0)Comments | June 13, 2014 5:28 pm

Wijemanna buys more RGEM shares

Director and Shareholder of Wijemanna Holdings (Private) Limited, D.G. Wijemanna purchased 9,600 shares of RGEM while increasing his total individual holding of RGEM to 216,444 shares. Wijemanna Holdings (Private) Limited holds 23,600 shares of RGEM and through today’s transaction has acquired 10 percent shares of Radiant Gems.

(0)Comments | June 13, 2014 5:20 pm

Toyota expands airbag recall to 2.27M vehicles worldwide [UPDATE]

Was your Toyota inspected under the company’s recall campaign for faulty airbag inflators last year? You might have another trip ahead to have it repaired again. The automotive giant says that it found “the involved serial numbers provided by the supplier were incomplete, and did not include all of the potentially involved inflators,” according to…

(0)Comments | June 13, 2014 3:33 pm

Gold prices may plunge to five-year low

Gold prices are expected to plunge to five-year low this year with the US asset purchase programme ending by December 2014, said experts on Thursday. Gold price slightly moved up in domestic and international markets in the last 24 hours. “Gold – which maintained at one year low of Rs47,600 per tola (11.66 grams) for…

(0)Comments | June 13, 2014 3:06 pm

Polish town erects statue of a urinating Lenin

Instead of striking a trademark dramatic pose, new Lenin statue in Nowa Huta is bright green and depicts the revolutionary relieving himself A statue of Vladimir Lenin has returned to a Polish town which was constructed by the communists in the hope of it becoming a proletarian bastion. But instead of striking a dramatic pose…

(0)Comments | June 13, 2014 12:14 pm