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- www.ft.lk - Category : Business - Relavancy : 0.40488306

ASI gains by 5% as Bourse’s value swells by Rs. 96 b Brokers positive after fresh meeting with SEC EPF, private institutional and high networth investors active on attractive valuations The Colombo stock market yesterday produced a major rebound gaining by 5% thanks what some described

- www.ft.lk - Category : Business - Relavancy : 4.7301755

EPF, which returned to the market on Monday, was most active yesterday as well. It picked up available quantities of JKH, Bukit Darah, Carsons, Dialog, CT Holdings, Cargills, Asian Hotels, CIC Holdings and LOLC among others, whilst ETF too remained active collecting select stocks

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- www.ft.lk - Category : Business - Relavancy : 0.13385326

Hayleys MGT Knitting Mills (MGT) yesterday announced plans to raise Rs. 914 million via a 2 for 1 Rights Issue at Rs. 9 per share. Subject to shareholder and regulatory approvals, funds raised from the Rights Issue will be utilised to strengthen the company’s balance sheet; invest in equipment to manufacture higher value fabric; invest ...

- www.ft.lk - Category : Business - Relavancy : 0.11592032

The Sri Lankan economy is dragged out – the country is over-borrowing, underperforming and leading into a debt crunch, claims United National Party Colombo District Parliamentarian Ravi Karunanayake. Karunanayake accuses the Rajapaksa administration of damaging the country’s social fabric, which he says is Sri Lanka’s biggest asset. Following are excerpts of an interview: Q: What...

- colombopage.com - Category : Breaking News - Relavancy : 0.5061038

Jan 26, Colombo: A legislator of Sri Lanka's main opposition United National Party (UNP) has accused the government of using the monies from the Employees Provident Fund (EPF), country's major retirement fund for the employees in the corporate and private sector, to carry out development

- www.ft.lk - Category : Business - Relavancy : 0.07648758

To focus on skills development, trade, investment, sustainable development and business excellence to sustain GDP growth rate of 8%Following is the address delivered by National Chamber of Commerce of Sri Lanka President Asoka Hettigoda at the NCCSL’s 53rd Annual General Meeting Ayubowan, good evening. Let me extend a warm welcome to all of you to ...

- colombopage.com - Category : Breaking News - Relavancy : 0.6073246

Jan 18, Colombo: The Sri Lankan parliament today passed an amendment bill that would affect the Employees Provident Fund (EPF), country's major retirement fund for the employees in the corporate and private sector.

- www.ft.lk - Category : Business - Relavancy : 4.1389036

(EPF) that will be presented in Parliament today, ...

- www.ft.lk - Category : Business - Relavancy : 4.7301755

THE proposed amendments to the Employees Provident Fund (EPF) have created a much-needed discussion forum on pension funds and their benefits, while also bringing several crucial points into the limelight. Experts have pointed out that if the Government is genuinely keen on maximising returns

- srilankamirror.com - Category : Breaking News - Relavancy : 4.7301755

Srilankamirror - The Sri Lanka Transport Services Union says the Sri Lanka Transport Board (SLTB) has failed to make payments amounting to Rs. 14,000 million due as EPF payments of its employees. The payments have not been made for the period between June 2010 till May 2011, Secretary

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- lankastandard.com - Category : Breaking News - Relavancy : 0.07648758

‘A ruler with a depleted treasury eats into the very vitality of the citizens and the country. A ruler, who impoverishes his own people or angers them by unjust exactions will also lose their loyalty Impoverishment, greed and dissatisfaction are engendered among the subjects, when the ruler among other things (i) fails to give what ought ...

- colombopage.com - Category : Breaking News - Relavancy : 2.9563596

Jan 15, Colombo: Sri Lanka's main opposition United National Party (UNP) and Marxist party Janatha Vimukthi Peramuna (JVP) have expressed concerns over the proposed amendments to the Employees' Provident Fund (EPF) Act.

- srilankamirror.com - Category : Breaking News - Relavancy : 4.7301755

Srilankamirror - UNP MP Dr. Harsha de Silva says the Employees’ Provident Fund (EPF) would be summoned before the Public Accounts Committee (PAC) in parliament to explain its accounts. He told Sri Lanka Mirror that the EPF has failed to submit the audited reports for 2010

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.06692663

Last week there were more stories making the rounds on contemplated decisions made outside the cabinet meeting than decisions made inside. Of course, the usual briefing on cabinet decisions were spelled out, Thursday afternoon. For a regime that still wants to boast it has popular support, comparing itself to an opposition fractured and quarrelling red and green, it is ...

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- www.ft.lk - Category : Business - Relavancy : 0.06692663

If the Governor of Central Bank has an urge to enter politics, he should come to Parliament without playing politics inside the CB, charges United National Party Parliamentarian and well-known Economist Dr. Harsha de Silva. Dr. de Silva notes that Governor Nivard Cabraal should respect the sanctity of the Central Bank and therefore if Cabraal ...

- colombopage.com - Category : Breaking News - Relavancy : 0.6073246

Jan 09, Colombo: Sri Lanka’s main opposition United National Party (UNP) has called on the government to submit the audit reports of the Employees' Provident Fund (EPF) to parliament.

- colombopage.com - Category : Breaking News - Relavancy : 0.6073246

Jan 06, Colombo: The main opposition of Sri Lanka United National Party (UNP) has called on the government to postpone the presentation of amendments to the Employees' Provident Fund (EPF) Act.

- colombopage.com - Category : Breaking News - Relavancy : 0.8588867

Jan 06, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says the proposed amendment to the Employees Provident Fund (EPF) Acts to empower the Labor Commissioner to set up a private sector pension scheme for workers not covered by the EPF, has been removed.

- www.ft.lk - Category : Business - Relavancy : 0.6073246

Fund (EPF), the Central ...

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- colombopage.com - Category : Breaking News - Relavancy : 2.3650877

Jan 04, Colombo: Private sector trade unions in Sri Lanka say the government is trying once again to swindle monies in the retirement fund of the private employees, the Employees' Provident Fund (EPF).

- www.ft.lk - Category : Business - Relavancy : 0.09560947

Dinesh tipped to be appointed Chairman; Dheerasinghe as Deputy; business leader Preethi new face on the Board Commercial Bank is slated to have a special Board meeting today, the second in three days, to elect a new Chairman. The move follows the resignation of longstanding Chairman and Board member Mahendra Amarasuriya, as exclusively reported by ...

- www.ft.lk - Category : Business - Relavancy : 0.09560947

Senior business leader and longstanding Board member Mahendra Amarasuriya yesterday resigned as Chairman of Commercial Bank Plc a move which is likely to evoke mixed reactions in banking and corporate circles. Amarasuriya, a highly respected corporate figure, announced his resignation during a Board meeting of Commercial Bank yesterday, throwing open the mantle of leadership at ...

- www.ft.lk - Category : Business - Relavancy : 0.1892971

The Pathfinder Foundation issued the following response to the IFC opinion piece on its Economic Alert No. 20 titled ‘Improving Sri Lanka’s Business Climate,’ published in the Daily FT: The Pathfinder Foun-dation (PF) is grateful to the International Finance Corporation (IFC) – World Bank (WB) office in Colombo for the substantive comments that it published ...

- news360.lk - Category : Breaking News - Relavancy : 0.19121894

Fitch Ratings has affirmed Sri Lanka’s Housing Development Finance Corporation Bank’s National Long-Term rating at ‘BBB+(lka)’. The “Outlook” Fitch says is Stable. At the same time, the agency has affirmed the bank’s outstanding senior unsecured redeemable debentures at ‘BBB+(lka)’. The ratings reflect HDFC’s demonstrated ability to contain interest rate risk b...

- www.ft.lk - Category : Business - Relavancy : 0.26496074

With reference to Pathfinder Foundation article titled ‘Improving Sri Lanka’s Business Climate’ published on 21 December, the International Finance Corporation (IFC)Country Manager – Sri Lanka and Maldives Adam Sack has sent the following response: I write with reference to the article above in yesterday’s Daily FT by the Pathfinder Foundation – in which there a...

- www.ft.lk - Category : Business - Relavancy : 0.19121894

Most recent Deputy Governor of the Central Bank K.G.D.D. Dheerasinghe has been appointed to the Board of Commercial Bank Plc as a Non Executive Director. The appointment with effect from 20 December was announced by the Commercial Bank yesterday whilst the Daily FT first broke the impending move a week ago. Dheerasinghe retired from the ...

- www.ft.lk - Category : Business - Relavancy : 0.11592032

The Pathfinder Foundation with the assistance of Volunteers for Economic Growth Alliance (VEGA) and USAID, recently commissioned a study to identify the policy and regulatory reforms that are required to make Sri Lanka a leading country in investor friendliness. Improving the business climate is not an end in itself. A better business environment is a ...

- colombopage.com - Category : Breaking News - Relavancy : 0.6073246

Dec 18, Colombo: Trade unions affiliated to the private sector in Sri Lanka say that the proposed amendments to the Employees' Provident Fund (EPF) Act have not been presented to the National Labor Advisory Council (NLAC) for discussion and approval by all stakeholders.

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.09560947

Market’s illiquid state compounded by seasonal demand for money, coupled with the lack of confidence in the establishment that is also driving demand for US dollars ($s) and rates as well, forced Central Bank of Sri Lanka (CBSL) to hold a reverse repo auction on Friday (December 16) to tide over the situation Overnight (O/n) ...

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- colombopage.com - Category : Breaking News - Relavancy : 3.5476317

Dec 16, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says the government would present amendments to the Employees' Provident Fund (EPF) Act to parliament next year.

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