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- www.ft.lk - Category : Business - Relavancy : 0.13385352

By Devin Jayasundera HDFC, Sri Lanka’s only bank which specialises in Housing finance industry launched its newest product HDFC Housing Fund that provides affordable and accessible financial services for housing purposes at a media briefing yesterday. HDFC Bank officials believe that these kinds of innovative schemes will strengthen the housing sector in Sri Lanka. The ...

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- www.ft.lk - Category : Business - Relavancy : 0.13385352

By Marianne David The United National Party yesterday walked out of Parliament in protest of the Government’s “shameful” and “undemocratic” conduct whilst President Mahinda Rajapaksa was presenting the 2012 Budget. UNP Chief Economist and MP Dr. Harsha de Silva, who was one of the first members to walk out, told the Daily FT that the ...

- www.ft.lk - Category : Business - Relavancy : 0.09560966

Says that taxation simplified, gives concessions for investment and urges more private sector involvementBy Uditha Jayasinghe The benefits of the tax system have been continued to provide a firm foundation for economic growth, a top official said yesterday. Addressing a packed post-Budget seminar organised by the Inland Revenue Department (IRD), Finance Ministry Secretary Dr. P.B. ...

- news360.lk - Category : Breaking News - Relavancy : 0.15297545

What are the prospects for the Stock market in the near future? The IMF thinks that the growth rate this year will be closer to 7% rather than 8%. The third quarter company earnings are now being released. Here are some results: Good performers Distilleries Profit growth @ 78; Kelani Cables 259%; LOLC 68%; LWL ...

- www.ft.lk - Category : Business - Relavancy : 0.114731595

Following the successful signing last month of two MOU’s between the EFC and the regional chambers of Hambantota and Jaffna, a panel of senior members from the EFC travelled to Hambantota last week as guests of the District’s Chamber of Commerce to meet with the local business community. Speaking about the day long event, Director ...

- colombopage.com - Category : Breaking News - Relavancy : 2.3650918

Nov 17, Colombo: Private sector trade unions in Sri Lanka have commenced a campaign to create awareness among the public on the alleged misuse of the retirement fund of the country's workforce, Employees' Provident Fund (EPF) monies by the government.

- itnnews.lk - Category : Breaking News - Relavancy : 0.3059509

Arrangements are in place to re-open the Embilipitiya Paper Factory. The Embilipitiya Paper Factory comes under the Minister of State Resources and Enterprise Development. It has been leased out to an Australlian Company for 30 years for a sum of 600 million rupees. The signing of the lease agreement took place in the presence of ...

- www.ft.lk - Category : Business - Relavancy : 0.50610477

ASPI in steepest fall since February; fears over Takeover nBill force dumping of blue chips; EPF the lone ranger Investor confidence is worsening by the day judging by the continued tumble in value of the Colombo bourse, as it suffered one of the sharpest declines yesterday. The market

- news360.lk - Category : Breaking News - Relavancy : 0.15297545

By: R. M. B. Senanayake The stock market swings 50-100 points each way while the general trend is downwards. Many retail investors have lost money and are now fighting shy of investing in the market. In any case they were more speculators rather than investors. They were led up the garden path by high net worth ...

- www.ft.lk - Category : Business - Relavancy : 0.16225497

The UNP yesterday criticised the Board of Investment (BOI) for misleading investors by changing its web site's previous assurance that foreign investments will not be nationalised. An apparent development following the passing of Takeover Bill in parliament on Wednesday, in the BOI web site's section listing Supportive Government Policies, the new version only states "Safety ...

- news360.lk - Category : Breaking News - Relavancy : 3.5476377

By: R. M. B. Senanayake The EPF has defended their investments in the stock market. But it has missed the point of the criticism leveled by the public.  No one is opposing the EPF investing in the stock market. But the EPF should not gamble with the workers money for they are trustees

- LBO.com - Category : Business - Relavancy : 1.2146513

Sri Lanka EPF defends stock investments

- www.ft.lk - Category : Business - Relavancy : 4.138911

The Central Bank yesterday issued a fresh statement defending the stock market investments made by the Employees Provident Fund (EPF), which has come under criticism from the Opposition and others. The statement said in an era where interest rates are likely to decline in the medium to long term

- colombopage.com - Category : Breaking News - Relavancy : 0.50610477

Nov 02, Colombo: Sri Lanka's monetary authority, Central Bank says the retirement fund of the country's workforce, Employees' Provident Fund (EPF) is focused on providing long term growth and advised the millions of stakeholders of the fund not to be misled by 'vituperative and negative

- news360.lk - Category : Breaking News - Relavancy : 4.7301836

The Employees Provident Fund has defended its recent investment moves where it purchased shares of various listed firms through the Colombo Stock Exchange and also made investments in some unlisted firms. EPF says these investments are essential in an era where interest rates are likely to decline

- www.ft.lk - Category : Business - Relavancy : 0.16225497

Govt. outlines plan to move into top 30 Doing Business Ranking by 2014 By Cheranka Mendis The Government yesterday outlined the roadmap to up Sri Lanka’s ranking to number 30 in the Doing Business Ranking by 2014 from the current position of 89. The plan highlights the need to reform operations in key institutions with ...

- www.ft.lk - Category : Business - Relavancy : 0.16225497

Marque fund manager and investor Asanga Seneviratne structures deal; Galadari Brothers part sell stake as part of settlement of cases in UAEThe buying of a 16% stake in Galadari Hotel (Lanka) Plc by the Dubai Government for Rs. 1.18 billion yesterday is expected to throw open the city five star as an attractive investment in ...

- colombopage.com - Category : Breaking News - Relavancy : 0.70854664

Oct 30, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says there is no problem in Employees Provident Fund (EPF) monies being invested in the Colombo Stock Exchange (CSE).

- lankaenews.com - Category : Breaking News - Relavancy : 2.9563646

(Lanka-e-News -29.Oct.2011, 3.30AM) The President of the inter Companies workers Association , Vasantha Samarasinghe addressing a media briefing at the Nippon Hotel on the 27th....

- www.ft.lk - Category : Business - Relavancy : 3.5476377

Janatha Vimukthi Peramuna (JVP) affiliated Inter Company Employees’ Union (ICEU) says that authorities were swindling monies of the working masses in the Employees’ Provident Fund (EPF). ICEU Head Wasantha Samarasinghe says the decision to invest EPF monies in the Colombo Stock Exchange

- colombopage.com - Category : Breaking News - Relavancy : 2.9563646

Oct 28, Colombo: Sri Lanka's Marxist party Janatha Vimukthi Peramuna (JVP) affiliated Inter Company Employees' Union (ICEU) says that authorities were swindling monies of the working masses in the Employees' Provident Fund (EPF).

- www.ft.lk - Category : Business - Relavancy : 0.15297545

Dr. Lalith P. Chandradasa, a doctor of medicine and a brother-in-law of President Mahinda Rajapaksa, has been appointed to the Board of Directors of the pioneering development finance institution DFCC Bank. The appointment as an Independent Director had been approved by the DFCC Bank Board following the go ahead by the Director of Bank Supervision, ...

- lankanewsweb.com - Category : Breaking News - Relavancy : 0.50610477

The main opposition in Sri Lanka has accused the government of making "secret deals" in the stock market forcing the market to collapse. The United National Party (UNP) said the employees' provident fund (EPF) lost nearly SLR 30 million ($270,000) as a result of such deals in the marker

- www.ft.lk - Category : Business - Relavancy : 4.7301836

Within weeks after selling 8% stake in Laugfs Gas Plc to EPF at Rs. 48 per share the controlling shareholder has collected quantities at prices 20% cheaper. Laugfs Holdings Ltd., the parent of Laugfs Gas Plc has disclosed that it had bought 130,000 voting shares at prices ranging between a low

- lankanewsweb.com - Category : Breaking News - Relavancy : 4.7301836

UNP parliamentarian Dr. Harsha de Silva said that the Employees Provident Fund (EPF) that functions under the Central Bank has incurred a Rs. 270 million loss last week since the Fund had not followed the proper investment procedures.

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.114731595

Commonwealth Games’ Bid The ethics of Government of Sri Lanka’s (GoSL’s) decision to request public banks to make a contribution to strengthen GoSL’s bid to hold the Commonwealth Games in Hambantota in 2018 are being questioned by certain quarters. One banker told this reporter that as banks are custodians of depositors’ funds, it’s not right ...

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- www.ft.lk - Category : Business - Relavancy : 4.138911

By Cheranka Mendis Central Bank Governor Nivard Cabraal yesterday declared that the country’s biggest fund, the EPF, was well managed and not corrupted, in remarks that signalled an apparent dismissal of allegations levelled by the main opposition UNP. Sri Lanka’s largest fund

- itnnews.lk - Category : Breaking News - Relavancy : 4.138911

Central Bank Governor Ajith Nivard Cabral has said that they had no intention of vesting the Employees Provident in another party. He was speaking at the relocation of the EPF Department at a new venue. The Employees Provident Fund Department has been relocated in the Lloyds Building at Sir Baron

- www.ft.lk - Category : Business - Relavancy : 0.7157402

aUNP MP and the party’s Economic Spokesman Dr. Harsha de Silva yesterday renewed his warning over the fate of EPF’s questionable investments in the stock market. In a statement, he urged that EPF must follow its own investment guidelines and code of professional conduct or else

- LBO.com - Category : Business - Relavancy : 1.2146513

Sri Lanka EPF buys more Laugfs stock

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