As if Apple needed the money, Tim Cook is about to add yet another billion-dollar business to the company’s war chest. Apple Music now has 15 million subscribers, Cook announced at a Wall Street Journal technology conference in Laguna Beach, California, on Monday evening. Of those 15 million, 6.5 million are paying customers (the other…
The Colombo Stock Exchange (CSE) will host “Invest Sri Lanka” Investor Forums in Zurich and London on 28th and 29th of October 2015. The Breakfast Meeting in Zurich will be hosted in association with the Swiss Asian Chamber of Commerce (SACC), while the Investor Forum in London will be hosted in association with Bloomberg. The…
~ Appoints New Director Board to AIA General Insurance Lanka Limited Janashakthi Insurance PLC., made a payment of Rs.3.2 billion to AIA Insurance Lanka PLC., to seal off its acquisition of AIA General Insurance Lanka Limited on 23rd October, 2015. With the financial aspects of the transaction now complete, Janashakthi will commence amalgamation of AIA…
Colombo stock market closed the weekly operations on optimistic note on Friday where investor sentiments continued to remain positive in anticipation of favorable corporate earnings. Benchmark index advanced by 0.18% or 12.64 index points to close at 7,081.49 while S&P SL20 index gained 6.48 index points (+0.17%) to end at 3,825.55. Index performance was driven…
Aston Martin is today showcasing a fully electric concept of its Rapide S four-door sports saloon outside Lancaster House in London – the venue for a meeting between Their Royal Highnesses Prince William, Duke of Cambridge; Catherine, Duchess of Cambridge and President of The People’s Republic of China, Xi Jinping. The new RapidE concept has…
Air China said it will start a Beijing-Colombo service on October 27, 2015. The service will give passengers easy access to the island gem in the Indian Ocean. Colombo is Sri Lanka´s capital and political, economic, cultural and transportation center. Currently, China has become Sri Lanka´s second largest trading partner and source of imports as…
Fitch Ratings has affirmed the National Long Term Ratings on five small and mid-sized Sri Lankan banks. Nations Trust Bank PLC (NTB) has been affirmed at ‘A(lka)’, Pan Asia Banking Corporation PLC (PABC) at ‘BBB(lka)’, Sanasa Development Bank PLC (Sanasa) at ‘BB+(lka)’, Union Bank of Colombo PLC’s (UB) at ‘BB+(lka)’ and Amana Bank PLC (Amana)…
It’s kind of rough to go to the movies and hear how you “kidney punched” Steve Jobs. Daniel Kottke, a college friend of Jobs’ and one of Apple’s first employees, says it was basically an accident that he revealed one of Jobs’ biggest secrets to the world: the fact that Jobs had a daughter, Lisa….
Prime Minister Ranil Wickremesinghe in his capacity as the Minister of National Policies and Economic Affairs has proposed the introduction of a National Consumer Price Index (NCPI) to replace the ‘Colombo Consumer Price Index’ and to consider its base year as 2013 and from 21 November 2015 to declare the proposed NCPI on the 21st…
Prime Minister Ranil Wickremesinghe in his capacity as the Minister of National Policies and Economic Affairs is to enter into the relevant agreements for obtaining the funds of US$ 200 million from the Asian Development Bank (ADB) for the implementation of the Integrated Road Investment Programme Phase III. This ADB assisted programme is implemented to…
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