chathura-wedding029gossiplankanews News 

Stock exchange turnover and indices mount

Yesterday’s Stock exchange turnover touched Rs. 1.4 billion and both indices, ie, the All Share Price Index and S and P SL20 index climbed up by 30 points and 24.6 points respectively.There were three crossings during the trading period. Those were; Melstacorp crossed 7.6 million shares for Rs. 490 million, JKH’s 1.8 million shares crossed for Rs. 293 million and Commercial Bank’s 70,000 shares crossed for Rs. 99.4 million.Under the normal market scenario, the companies that contributed mainly to the day’s turnover were; JKH Rs. 174.4 million shares (one million…

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The Annual Report of the Central Bank of Sri Lanka for the Year 2016

A summary of the performance of the Sri Lankan economy in 2016 as reflected in the Annual Report is given below:Overview: Following a period of uncertainty, the Sri Lankan economy showed early signs of stabilisation during the year 2016 in response to corrective actions adopted by the government and the Central Bank. Unfavourable weather conditions and sluggish global economic recovery caused the economy to grow at a slower rate of 4.4 per cent in 2016 in real terms, in comparison to 4.8 per cent in the previous year, although a…

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Mobitel launches revolutionary digital technology recharge system in Sri Lanka

Sri Lanka’s National Mobile Service Provider, Mobitel sustains its lead at the forefront of the mobile commerce revolution in the country by pioneering the Digital technology Recharge System for the first time ever in the country. delivering on its commitment to simplify service offerings to its customers and retail partners, Mobitel is proud to introduce this technology to the local market. The mobile services operator has rolled out innovative services in recent months and this massive leap in the digitalization of its services through the Digital technology Recharge System serves…

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chathura-wedding029gossiplankanews News 

U.S.A – Sri Lankan experts highlight IP healthcare protection for innovation and growth

Experts on intellectual property (IP) rights from around the world gathered today on World IP Day to support strengthening Sri Lanka’s intellectual property efforts. The seminar is part of several workshops this week to highlight the economic benefits of innovation and IP healthcare protection for the Sri Lankan people.”Intellectual property rights reward inventors, artists, and authors for their creative efforts; encourage research and innovation; create new businesses; and improve lives,” said Partha Mazumdar, Economic Chief at the U.S.A Embassy in Colombo, at the seminar. “In some instances, IP protections spur…

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Stock exchange shares end higher as foreign investors pick blue chips

Stock exchange shares closed higher on Wednesday after two straight sessions of losses as foreign investors actively bought into blue chips, with the net stock buys touching nearly 15 billion rupees so far in the year.Foreign investors bought shares for a 24th straight session, buying a net 318.6 million rupees ($2.10 million) worth of stocks on Wednesday.They have snapped up a net 12.4 billion rupees worth equities during the period and a net 14.9 billion rupees worth year-to-date.The stock index ended 0.36 percent firmer at 6,516.26.The index has climbed 9.1…

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LAUGFS Group IT clinches top notch awards at BestWeb.lk 2017

LAUGFS Group IT clinched top notch honours at the BestWeb.lk 2017 competition winning the Silver Award for the best Sinhala website, Bronze Award for the best Tamil website and a Merit Award in the best corporate website category. Organized for the seventh consecutive year by the LK Domain Registry, BestWeb.lk competition recognizes high performing and creative websites created and maintained by companies of a wide range of industries in Sri Lanka. This was the third consecutive year that technology LAUGFS Group took part in the BestWeb.lk competition.BestWeb.lk recognizes websites in…

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2015-11-23 News 

99X Technology ranked among APAC’s top 25 Agile Solutions Providers

Reiterating its commitment to delivering technological excellence as a specialist in software product engineering, 99X Technology has been ranked among the 25 Most Promising Agile Solutions Providers in the Asia Pacific region in APAC CIOoutlook Magazine’s annual listing of top companies providing Agile solutions for enterprises.The only Sri Lankan entity to be placed on this prestigious list, 99X Technology was highlighted thanks to its innovative efforts to enter the Agile development movement in its early stages, identifying its best practices and crafting them to suit the company’s own development processes….

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2015-11-23 News 

Sunshine Healthcare opens new Health guard outlet at Thimbirigasyaya

Further promoting the concept of ‘Pharmacy Wellness and Beauty’ in Sri Lanka, Health guard opened its newest full service store for the public in Thimbirigasyaya recently. The newly-established outlet is the 23rd of the country’s premier pharmaceutical retail chain.The Health guard is a fully-owned subsidiary of Sunshine Healthcare Lanka (SHL) – the Healthcare arm of the diversified Sunshine Holdings conglomerate with interests in several key sectors of Sri Lankan business including agriculture, FMCG, renewable energy and consumer packaging.The opening ceremony which took place on the Group’s 50th anniversary was graced…

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University admission process needs urgent review: A proposal

Undoubtedly, higher education is the only path to upward mobility for most of our youth. Thus, university admission is extremely competitive in Sri Lanka and as such it remains a very sensitive national issue for many decades. Only about10% of those who sit GCE A/L are admitted to 14 state universities leaving out almost 90%. The fraction of students who are fortunate enough to receive free university education comes to about 17% of those who qualify for university admissions, leaving out 83%. This means that a very large number of…

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12656102_1686876734923200_1367617284_o News 

Stock exchange shares edge down on profit taking, foreign-buying caps fall

Stock exchange shares edged down for a second day on Tuesday as investors took profit after steady gains that lifted the index to a six-and-a-half-month high last week, although foreign buying for a twenty-third straight session capped the decline.The Colombo stock index ended 0.2 percent weaker at 6,492.77, moving further away from its highest close since Oct. 11 hit on Friday. It has climbed 9.4 percent in the 16 sessions through Friday, having risen for 15 sessions in that period.The index added 2.1 percent last week, marking its fourth week…

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SLT host network the management committee meeting of two submarine cable maintenance consortiums

During the period between the 21st and the 24th of March, Sri Lanka Telecom (SLT) host network the Management Committee Meeting of two submarine cable maintenance consortiums at the Hotel Galadari in Colombo.The Consortium Parties of the South East Asia and Indian Ocean Cable Maintenance Agreement (SEAIOCMA) and the Pacific and Indian Ocean Cable Maintenance Agreement (PIOCMA) met during the mentioned period. A total of 37 foreign delegates and 2 local parties, representing various international submarine cable maintenance authorities as well as facility providers such as cable ships and submarine…

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OPPO Launches the new Selfie Expert F3 Plus with Dual Selfie Camera, Kick starting the ‘Group Selfie’ Trend

The ever-evolving global smartphone brand OPPO, kick started the ‘Group Selfie’ trend today by launching the new Selfie Expert F3 Plus, priced at Rs 69,990. The F3 Plus features the brand’s of new technology first dual front selfie camera including a first-ever 120-degree wide-angle Group Selfie Camera. The F3 Plus first sale will be on April 1st 2017 in all regions across Sri Lanka.OPPO’s New Brand Ambassador, youth icon and Bollywood superstar– Deepika Padukone and renowned Indian Photographer – Dabboo Ratnani also shared their own selfie experience with OPPO F3…

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