Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Nov (321)
Narrow by Category
- Breaking News (167)
- Business (151)
- Video (3)
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 ...
- HDFC launches eBanking (Category: Business)
- Mortgage Profits (Category: Business)
- Fitch Affirms HDFC Bank at ‘BBB+(lka)’ with a “Stable” outlook (Category: Breaking News)
- Containing Risk (Category: Business)
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 ...
- Now MP Arundika Fernando says MP Range Bandara threatend him (Category: Breaking News)
- Speaker advises UNP MP Ravi.K (Category: Breaking News)
- Inquiry assured into MP Range Bandara assault complaint (Category: Breaking News)
- UNP stage protest outside Parliament (Category: Breaking News)
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. ...
- Bouquets from Budget! (Category: Business)
- Will Mahinda’s 7th Budget be lucky for Lanka? (Category: Business)
- Efficient tax administration critical to generating expected revenue (Category: Breaking News)
- Opening tax files for everyone over 18: IRD officials point out difficulties, costs (Category: Breaking News)
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 ...
- Nestle blames biofuels for high food prices (Category: Technology)
- 2021 Subaru WRX and WRX STI prices are good news for potential buyers - Roadshow (Category: Technology)
- Best 32-inch monitor deals: Five 4K UHD displays for under $425 - CNET (Category: Technology)
- Best 32-inch monitor deals: Five 4K UHD displays for under $450 - CNET (Category: Technology)
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 ...
- Employers Federation expands reach to Jaffna, Hambantota (Category: Business)
- EFC to visit Hambatota District Chamber today (Category: Business)
- EFC raises concerns with Labour Minister on minimum wage revision process (Category: Business)
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.
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 ...
- Embilipitiya Paper Factory leased out at highest price (Category: Breaking News)
- MP Yogeswarn made sudden visit to paper factory in Valaichenai (Category: Breaking News)
- COMPENSATION PAID TO PAPER FACTORY WORKERS (Category: Breaking News)
- Govt.: Restructuring Programme Successful (Category: Breaking News)
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
- Stock market up ahead of Budget; rupee weaker (Category: Business)
- Market lets down Mahinda! (Category: Business)
- Melstacorp enters COMBank; CF Ruffer picks up more shares (Category: Business)
- Bourse back to double digit dip (Category: Business)
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 ...
- Wall St. shenanigans continue after NY Stock Exchange Twitter account allegedly hacked (Category: USA, New York)
- AMC and GameStop stocks swing wildly as Reddit's bets against Wall Street are tested - CNET (Category: Technology)
- AMC and GameStop stocks swing wildly as Reddit's bets against Wall Street are tested - CNET (Category: Technology)
- SEC Investor Day goes to Matara (Category: Business)
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 ...
- Basil’s justification not valid claims UNP MP Dr. de Silva (Category: Business)
- Govt. institutions slow in website updating (Category: Business)
- Defunct garment factories available for investment (Category: Business)
- Challenges for FDI (Category: Business)
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
- UNP says bigger crisis is EPF investments, NSB-TFC deal is peanuts (Category: Business)
- Harsha rebuffs CB’s rosy EPF story (Category: Business)
- EPF reiterates it has followed Investment Policy Guidelines (Category: Business)
- EPF reiterates that it has followed Investment Policy Guidelines (Category: Breaking News)
Sri Lanka EPF defends stock investments
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
- EPF’s response to S&P’s Statement (Category: Business)
- No investigations yet on EPF transactions (Category: Business)
- UNP vows to prove the truth (Category: Business)
- EPF and ETF tangled up! (Category: Business)
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
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Empty Stocking Fund brings in more than double its goal (Category: USA, New Mexico)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
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
- Should the EPF gamble with public money by investing on junk Stocks (Category: Breaking News)
- EPF reiterates that it has followed Investment Policy Guidelines (Category: Breaking News)
- Sri Lanka’s EPF says, an opposition MP is trying to destabilize the economy (Category: Breaking News)
- Indian investors make a beeline for SriLanka (Category: Breaking News)
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 ...
- Fast Track (Category: Business)
- Flat (Category: Business)
- Easy Biz (Category: Business)
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 ...
- Debt To Be Converted To Equity (Category: Breaking News)
- The going is good, says Galadari GM (Category: Business)
- Galadari Hotels directors sets price for debt conversion (Category: Breaking News)
- Kandy Hotels in JV to build 100 room new hotel for Rs. 1.2 b (Category: Business)
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).
(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....
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
- Govt. trying to steal from EPF: UNP (Category: Breaking News)
- EPF is well managed, not corrupt: CB Chief (Category: Business)
- Trade unions in Sri Lanka to meet tomorrow to decide on action against misuse of EPF monies (Category: Breaking News)
- Sri Lanka's Labor Minister says no problem in retirement monies being invested in CSE (Category: Breaking News)
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).
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, ...
- Marina on to DFCC Vardhana Bank Board (Category: Business)
- Jeyam Perumal appointed to DFCC Board (Category: Business)
- Ray appointed to Asian Alliance Insurance Board (Category: Business)
- Aravinda appointed MD of Sampath Bank from 2012 (Category: Business)
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
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
- EPF buys Laugfs Gas Shares (Category: Breaking News)
- EPF buying Laugfs: No smoke without fire! (Category: Business)
- UNP MP renews warning over fate of EPF’s questionable investments in stock market (Category: Business)
- Stock Purchase (Category: Business)
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.
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 ...
- Sri Lanka may bid for the 2022 Commonwealth Games - official (Category: Breaking News)
- Quid Pro Quo (Category: Breaking News)
- Games-Sri Lanka urges CGF to look to emerging nations (Category: Breaking News)
- Games Advice (Category: Business)
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
- Height of optimism! (Category: Business)
- JVP Leader nails govt. on ETF, EPF balances (Category: Breaking News)
- Domestic debt restructuring: Harsha insists money belonging to EPF members must be safeguarded (Category: Breaking News)
- JVP union accuse authorities of swindling EPF monies (Category: Business)
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
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
- Harsha rebuffs CB’s rosy EPF story (Category: Business)
- Laugfs gas has last laugh at EPF? (Category: Business)
- EPF buying Laugfs: No smoke without fire! (Category: Business)
- EPF rejects UNP MP’s allegations of fraud (Category: Business)
Sri Lanka EPF buys more Laugfs stock
Popular Topics
- International Monetary Fund (218)
- Political crisis (48)
- Foreign exchange reserves (107)
- Bank reserves (157)
- Fuel (17)
- Economy of Sri Lanka (177)
- Russia (2)
- Sri Lanka Tea (171)
- Tourism (16)
- Sri Lanka Quality Tea (172)
- Sri Lanka Tourism (172)
- Sri Lanka Cricket (169)
- Sri Lanka Hotels (175)
- Sri Lanka Elections (170)
- Hiru Tv (4)
- ITN News (178)
- Shakthi Tv (4)
- Rupavahini (1)
- Derana Dream Star (8)
- EPF (321)
- BBC (1)
- Rob Ford (5)