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Here is why Shah Rukh Khan will not attend any match of KKR

Shah Rukh Khan, who is always seen cheering up for his team KKR (Kolkata Knight Riders) at the IPL grounds, will not attend any match of the team this season. A source close to the actor reveals, “Srk has to finish the shooting of Farah Khan’s Happy New Year opposite Deepika Padukone. Like always he…

(0)Comments | April 26, 2014 4:27 am

Stock Market Review

Colombo bourse concluded the week in the negative territory where Benchmark All share price index lost 10.32 points (-0.17%) to close at 6,167.81 and S&P SL 20 index lost 6.59 points to close at 3,387.97. Price declines in index heavy counters such as Ceylon Tobacco (closed at LKR 1,065.50, -3.1%), John Keells Holdings (closed at…

(0)Comments | April 25, 2014 12:08 pm

Plans to establish new cities at Expressway interchanges

While there is an expressway system being established in Sri Lanka now, the interchanges to these expressways are to be developed by setting up business and other facilities, said a senior government minister. Minister of International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama revealed this while addressing the International Valuers’…

(0)Comments | April 25, 2014 10:41 am

Facebook earnings surge on mobile advertising

Social networking giant Facebook has reported profits of $642m (£383m) during the first quarter of 2014, beating analyst expectations. The firm said that a surge in mobile advertising helped push revenues 72% higher, to $2.5bn in the January-to-March period. Mobile now makes up 59% of advertising revenue, from 30% a year ago. Facebook also announced…

(0)Comments | April 25, 2014 5:43 am

With casino debate raging, is James Packer in Sri Lanka?

With the Strategic Development Projects Act being presented to parliament to be gazette and a rumor that Australian businessman James Packer is currently in Sri Lanka, AdaderanaBiz inquired from Investment Promotions Minister on the veracity of this story. Investment Promotions Minister Lakshman Yapa Abeywardene responded, “That is an utter lie. James Packer is not in…

(0)Comments | April 25, 2014 4:54 am

Divasa Equity’s George Steuart Finance controlling stake changes

Divasa Equity’s 51 percent controlling stake of George Steuart Finance changed hands as a strategic crossing this morning, said George Steuart Group chairman Dilith Jayaweera. Accordingly, Divasa Equity’s 11.4 million shares of George Steuart Finance at Rs. 28.80 each crossed to George Steuart & Company this morning. The total value of the crossing is Rs. 329…

(0)Comments | April 24, 2014 11:34 am

Stock Market Review

Colombo shares managed to regain lost ground on Thursday, as both indices closed with higher returns. All share price index advanced marginally by 5.36 points (+0.09%) to close at 6,178.13 while 20-script S&P SL index advanced by 21.01 points (+0.62%) to close at 3,394.56. Price improvements in counters such as Bukit Darah (closed at LKR…

(0)Comments | April 24, 2014 11:29 am

Tourist visa reforms for Chinese an investment, says James Packer

Crown casinos boss James Packer has said Australian visa requirements for Chinese tourists “stupid”, arguing more wealthy Chinese visitors to Australia could benefit the tourism sector. Packer said: “The visa processing system for Chinese tourists has improved recently, but there is more work to do in this area and each day we waste costs Australia…

(0)Comments | April 24, 2014 6:37 am

Deepthi Lokuarachchi heads Sri Lanka Insurance

Deepthi Lokuarachchi has been appointed the new Chief Executive Officer of Sri Lanka Insurance Corporation. With longstanding experience as an insurance professional Lokuarachchi obtained his degree in law from the Law Faculty of the University of Colombo. He is a past pupil of Trinity College, Kandy.

(0)Comments | April 23, 2014 11:57 am

Stock Market Review

Colombo stock market snapped the five day winning streak on Wednesday as both indices witnessed negative returns. All share index declined by 19.06 index points or 0.31% to close at 6,172.77 while 20-scrip S&P SL index declined by 23.87 index points or 0.70% to close at 3,373.55. Price depreciations in Bukit Darah (closed at LKR…

(0)Comments | April 23, 2014 11:37 am