BIZ

DLB ticket prices to be doubled!

Published

2 years ago

May 30, 2023

editor

The prices of Development Lotteries Board (DLB) tickets will soon be doubled following the approval received from the Ministry, DLB Chairman Ajith Gunaratne Naragala said.

He said this during the Gampaha district sales representative meeting of the series of district sales representative meetings being held under the ‘Sanwardhana Abhiman 2023’ programme at the Katunayake Eagle Lagoon Hotel premises yesterday (29).

“With the social and economic setback we suffered along with the covid-19 pandemic, all the businesses in the country were severely affected. Even amidst such an unprecedented economic and political crisis, our sales representatives worked hard to protect the development lottery business.”

“The sales representatives who have been with the DLB for 40 years are engaged in a great service on behalf of the country and the people.”

“In 2022, the DLB recorded a record income of 19 billion rupees. We have given 10 billion rupees to the people and 3 billion rupees to the government as taxes.”

“The daily sale of development lottery tickets of 2.2 million rupees has increased to 3.6 million rupees today. We have decided to make a stronger contribution to the President’s Fund and the Mahapola Trust Fund,” he said.

BIZ

ASPI records an all-time high passing the 14,000 mark

Published

17 hours ago

December 12, 2024

editor

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) recorded an all-time high, surpassing the 14,000 mark for the first time ever in Sri Lanka.

According to the CSE, the ASPI increased by 150.72 points to close at 14,035.81.

A turnover of Rs. 7.3 billion was recorded at the close of trading.

BIZ

Sri Lankan start-ups ace at SolarX Startup Challenge

Published

2 days ago

December 11, 2024

editor

Sri Lanka has emerged as the country with the highest number of winners at the SolarX Startup Challenge (Asia-Pacific Chapter).

The Challenge launched at COP 28 by the International Solar Alliance in collaboration with Invest India is committed to identifying and fostering innovative solutions in the solar energy sector.
This year, the Challenge has identified top 20 startups from across Asia-Pacific, including Sri Lanka, Australia, Papua New Guinea, UAE, Saudi Arabia, and other countries. Four of the twenty selected start-ups are from Sri Lanka. These start-ups were introduced to the Challenge in a workshop organised by High Commission of India earlier this year, in partnership with Invest India and the International Solar Alliance.

The following winners from Sri Lanka have been awarded grants of USD 15,000 each, alongside acceleration support encompassing mentorship, investor connections, and market access opportunities.

Bio Lanka Exports (Pvt) Ltd : Bio Lanka Exports offers eco-friendly, solar-powered container homes, minimizing material use and construction waste for residential and commercial needs.
Magicbit Pvt. Ltd. : Magicbit provides an open-source, real-time monitoring and analytics platform for solar energy, integrating IoT, cloud, and AI technologies for high scalability and real-time visibility.
Syntax Genie (Pvt) Ltd : Syntax Genie’s AI-driven platform optimizes solar mini-grid management, addressing energy poverty in remote Asia-Pacific areas with scalable and sustainable solutions.
Bluechip Technologies Asia : Bluechip Technologies leverages AI, IoT, GPS, and drone technology to optimize solar project deployment across the entire lifecycle, ensuring efficient site selection and planning.

Invest India is organising the second round of the SolarX Startup Challenge workshop in Colombo on 12 December 2024. This Physical Acceleration Workshop will be a capacity-building event to further empower startups in the renewable energy sector with mentorship sessions, interactive discussions, and pitching opportunities. It will also feature field visits to solar and renewable energy facilities in Sri Lanka, providing startups with hands-on exposure to the local ecosystem.

BIZ

ASPI hits record high

Published

1 week ago

December 5, 2024

editor

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) has reached an all-time high of 13,511.73 points, marking an increase of 171.69 points.

The S&P SL20 stood at 4,016.60 points.

The CSE reported a trading turnover of Rs. 5.2 billion at the close of the session.

The previous record was achieved on January 19,2022. Amidst multiple off-board transactions, the turnover surged past Rs.5.2Bn, marking a 48.8% increase from the monthly average.