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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

New head for Sinhaputhra Finance

Joseph Rienzi Jayalath Nanayakkara has been appointed as Chairman of Sinhaputhra Finance PLC with effect from 01 April 2014. He does not have any relevant shares in this company.

(0)Comments | April 2, 2014 9:25 am

Double blow for Ceylon Electricity Board

The Ceylon Electricity Board’s hydro-power generation has fallen to 15 percent due to the prevailing drought and hence 85 percent of the required power is being generated through fuel and coal power plants, says the chairman of the Ceylon Electricity Board (CEB). CEB chairman W.B. Ganegala told AdaderanaBiz that the board’s losses have increased since…

(0)Comments | April 2, 2014 4:26 am

Krishan heads Nations Trust Bank

Krishan Balendra has been appointed Chairman of Nations Trust Bank (NTB). He is to assume duties from 01 May 2014.

(0)Comments | April 1, 2014 4:18 pm

Stock Market Review

Colombo bourse regained lost ground on Tuesday as the ASI closed at 6,001.83, up by 33.52 index points (+0.56%) while 20-script S&P SL index closed at 3,299.90, up by 19.98 index points or 0.61%. The gains in the index were led by price appreciations in blue chips such as John Keells Holdings (closed at LKR…

(0)Comments | April 1, 2014 11:53 am