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- www.ft.lk - Category : Business - Relavancy : 0.1912173

The bearish stock market’s struggle persisted yesterday despite expectations of a rebound in sentiments following the dialogue between capital market stakeholders and President Mahinda Rajapaksa on Friday. The benchmark ASI closed six points down (0.13%) and MPI by over 23 points (0.5%) whilst S&P Sri Lanka 20 dipped by six points. Turnover was a modest ...

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.09560865

But Market’s Illiquid Status Of Such, Drawback In a depressed market, such as that which is facing the Colombo bourse today, the time however is ripe for investors to buy good stocks at bargain prices an economist said. Amal Sanderatne, Director, Frontier Research (Pvt.) Ltd., addressing a seminar on the economy with a focus on ...

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- www.ft.lk - Category : Business - Relavancy : 0.11473039

Subsidiary LOLC Investments signs deal with Ajith Devasurendra to buy balance 50% stake in Diriya Investments, the ultimate holding company of diversified blue chipLanka Orix Leasing Company Plc (LOLC) yesterday announced moves to get control of diversified blue chip Brown and Company Plc for Rs. 1.32 billion. LOLC’s fully-owned subsidiary LOLC Investments Ltd. has signed ...

- www.ft.lk - Category : Business - Relavancy : 0.60731995

Considerable controversy has arisen regarding Employment Provident Fund (EPF) investment in the Colombo Stock Exchange (CSE).  There have even been calls to stop all such investments. It is important, however, to remember that there are positive arguments in favour of such investments

- www.ft.lk - Category : Business - Relavancy : 0.42586115

Last week in Parliament, Opposition Leader Ranil Wickremesinghe singled out Daily FT in his usual criticism on newspapers. Among various allegations made by Wickremesinghe was that the FT is one of the papers which is in the pay of the so-called “stock market mafia” and the Central Bank. Wickremesinghe also alleged that FT was one ...

- www.ft.lk - Category : Business - Relavancy : 0.5061

Financial accountability is accompanied by a question mark in Sri Lanka. A host of challenges from the Golden Key scandal to improper auditing of State assets, including the transparent management of Employees Provident Fund (EPF), have regularly hit headlines for years. In addition

- www.ft.lk - Category : Business - Relavancy : 0.13521105

It is with great pleasure and keen interest that I associate myself with a wide range of distinguished stake holders in the inauguration of this workshop under the patronage of Institute of Policy Studies of Sri Lanka (IPS), World Bank and Department of National Planning. It is expected through this consultation process to provide a ...

- dailymirror.lk - Category : Business - Relavancy : 2.956336

Sri Lanka’s Main Opposition, United National Party (UNP) yesterday claimed that the state-controlled pension fund Employees’ Provident Fund’s (EPF) share portfolio at the Colombo Stock Exchange (CSE) has made losses to the tune of a staggering Rs.12.2 billion.

- colombopage.com - Category : Breaking News - Relavancy : 0.60731995

Jun 28, Colombo: Sri Lanka's main opposition United National Party (UNP) says that the private sector pension fund, the Employees' Provident Fund (EPF) has lost over Rs. 12 billion in its investments in the Colombo Stock Exchange.

- colombopage.com - Category : Breaking News - Relavancy : 0.71573347

Jun 27, Colombo: Sri Lanka's private sector retirement instrument, the Employees' Provident Fund (EPF) has welcomed the clarification made by Standard and Poor's (S&P) today that there was no information of any specific incidences occurring of a potential conflict of interest due to the Central

- www.ft.lk - Category : Business - Relavancy : 4.730138

The Employees’ Provident Fund (EPF) yesterday welcomed the clarification made by Standard and Poor’s (S&P) that there was “no information of any specific incidences occurring” of “a potential conflict of interest” due to the Central Bank’s oversight

- www.ft.lk - Category : Business - Relavancy : 0.13385211

Perhaps to calm a boiling banking industry over its assessment or in an apparent move to give greater clarity to its rational Standard and Poor’s has addressed some contentious issues to provide better read though Central Bank and Sri Lanka Bank Association have refuted the original report. In a Credit Frequently Asked Questions (FAQ) titled ...

- www.ft.lk - Category : Business - Relavancy : 0.13247924

Standard & Poor’s Ratings Services recently assigned Sri Lanka to its Banking Industry Country Risk Assessment (BICRA) group ‘8’.  That was S&P’s first assessment of Sri Lanka’s banking industry under its BICRA methodology. This article addresses questions investors and market participants may have about S&P’s rationale for assigning Sri Lanka t...

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.09560865

Hambantota is claimed to be an ‘emerging hub’ of various sorts – shipping, aviation, tourism, industrialisation, cultural and international sports of various kinds. An unfortunate feature appears to be that in recent years it is emerging to be an epicentre of domestic political crime. A harbinger to this regrettable development was on the eve of ...

- colombopage.com - Category : Breaking News - Relavancy : 0.60731995

Jun 22, Colombo: Sri Lanka's Opposition Leader Ranil Wickremasinghe has asked the government to disclose the present position of investments made by the country's private sector retirement funds, Employees Provident Fund (EPF) and Employees Trust Fund (ETF).

- www.ft.lk - Category : Business - Relavancy : 3.5476034

Calls for Govt. to table details of investments in listed securities from January 2010 to April 2012 Says the two funds and Central Bank come under Finance Ministry and accountable to Parliament In a strong move, Opposition Leader Ranil Wickremesinghe yesterday urged the Government to table in Parliament full details of all investments in listed ...

- colombopage.com - Category : Breaking News - Relavancy : 0.85888016

Jun 21, Colombo: Responding to a statement made by the rating agency Standard & Poor on the country's private sector retirement fund, Employees' Provident Fund (EPF), the Central Bank Wednesday said that there is no conflict of interest as a result of the EPF investing in shares of banks.

- www.ft.lk - Category : Business - Relavancy : 0.5061

By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard

- www.ft.lk - Category : Business - Relavancy : 0.10816884

Positive macro news and rumoured overhauling of SEC among other State entities trigger buying spree; some analysts insist rebound is due to attractive pricingThe Colombo Bourse on Friday shot up by over 100 points before losing some momentum, with the earlier development being linked by some analysts to positive macro news and a rumoured overhauling ...

- colombopage.com - Category : Breaking News - Relavancy : 0.5061

, Employees Provident Fund (EPF).

- colombopage.com - Category : Breaking News - Relavancy : 0.5061

Jun 12, Colombo: A parliamentary committee appointed by the leader of Sri Lanka's main opposition United National Party to inquire into the widespread allegations of irregularities in managing the private sector retirement fund, Employees' Provident Fund (EPF), is to hand over its report next week

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.10816884

“The demoralising, destructive character of the patriotic degeneracy….” Sebastian Haffner (Germany: Jekyll and Hyde) By Tisaranee Gunasekara It was the Oxford Debacle all over again. The events were drearily predicable. Sri Lanka, like every Commonwealth nation, received an invitation for the Diamond Jubilee celebrations of Queen Elizabeth II. President Rajapaksa, unlike most Commonwealth leaders,...

- news360.lk - Category : Breaking News - Relavancy : 3.5476034

Sri Lanka’s Employees’ Provident Fund which is the largest private pension fund in the country once again reiterated that it has diligently followed all internal guidelines in relation to the assessment, analysis and investment in the Stock market. It also says the investments it had made in the stock market had the approval of the Investment ...

- www.ft.lk - Category : Business - Relavancy : 0.09935942

By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...

- colombopage.com - Category : Breaking News - Relavancy : 0.5061

Jun 03, Colombo: Sri Lanka's main opposition United National Party (UNP) has appointed a committee to study and make proposals on the private sector retirement fund, Employees' Provident Fund (EPF), monies that have been lost due to bad investments in the Colombo Stock Exchange (CSE).

- itnnews.lk - Category : Breaking News - Relavancy : 4.1388707

The Central Bank has said that the Employees Provident Fund is safe and it is not exposed to any danger. Superintendent of EPF of the Central Bank Kalyani Gunatllake stressed that the propaganda, being spread by certain opposition groups is baseless. Certain political groups in the opposition

- www.ft.lk - Category : Business - Relavancy : 0.15297385

UNP MP Ravi Karunanayake has written to Committee On Public Enterprises (COPE) Chairman D.E.W. Gunasekara requesting him to summon officials of the Securities and Exchange Commission (SEC) and the Colombo Stock Exchange (CSE) over the fiasco in capital markets and boost investor confidence. Following is Karunanayake’s full letter to the COPE Chairman: Over the last ...

- colombopage.com - Category : Breaking News - Relavancy : 0.60731995

May 29, Colombo: A private sector trade union in Sri Lanka is to lodge a complaint today with the Commission to Investigate Allegations of Bribery and Corruption calling for an inquiry into the investing of Employees Provident Fund (EPF) monies in the Colombo Stock Exchange (CSE).

- thesundayleader.lk - Category : Breaking News - Relavancy : 4.730138

the Employees’ Provident Fund (EPF). Ceylon Grain Elevators PLC, Laugfs Gas PLC ...

- www.ft.lk - Category : Business - Relavancy : 0.057365194

By an Analyst There is no doubt and there is near unanimity that overregulation by the previous Securities and Exchange Commission arising from inexperience, lack of knowledge and lack of correct strategies was the prime cause for the market collapse witnessed today. The SEC without any foresight and professionalism has introduced ad hoc legislation detrimental ...

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