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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)
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)
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)
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)
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)
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)
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)
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)
By Harsha de Silva We understand that the Securities and Exchange Commission (SEC) is planning to compound undisclosed securities fraud by some billionaire investors. Media reports have begun to circulate that Environmental Resources Investments (ERI) and its Directors have agreed with the SEC to pay an insignificant fine of Rs. 10 million and compound an ...
- SEC sets the record straight on ERI case (Category: Business)
- Harsha breathes fire on SEC over ERI (Category: Business)
- Harsha wants securities fraud fine increased from Rs. 10 m to Rs. 100 m (Category: Business)
- ERI Warrants dip over SEC rule (Category: Business)
Public service is poised to get a shot in the arm making it greatly people-friendly soon due to a project initiated by the ICT Agency of Sri Lanka (ICTA) recently. As one of the latest phases of the e-Services initiative ‘the Lanka Gate e-Services Project’ of ICTA, aims at better public service by developing ...
- Eurocenter enables e-services for ICTAs Lanka Gate Project (Category: Breaking News)
- “Librarians have important role to play in eSri Lanka initiative”: ICTA Chairman (Category: Business)
- Sri Lanka ready to provide optimum service via mobile phone (Category: Business)
- Special New Year transport information via 1919 (Category: Business)
Deputy Chairman Ashok Pathirage is keen to buy more shares of NDB Bank, if available at the right price. On Friday, Ashok, who is the Chairman of Softlogic Holdings, bought 470,000 shares at Rs. 135 each in a deal worth Rs. 63.4 million. This was after he picked up one million shares at the same ...
- Asian Alliance picks up NDB shares (Category: Business)
- Deputy Chairman Ashok buys 1 m of NDB shares (Category: Business)
- Bank Directors (Category: Business)
- CDIC buys 5% Aviva NDB Insurance stake from NDB (Category: Business)
The biggest fund, the EPF, is estimated to have bought around 10 million shares of diversified Vallibel One Ltd. (VOL) yesterday for Rs. 300 million from high net worth investors. Slightly over 15 million shares of VOL traded yesterday for Rs. 451 million. Of the quantity, nearly 10 million shares
- EPF buys more of VOL (Category: Business)
- Chrysler stock sold by Ottawa, Ontario (Category: Canada, Ontario)
- Leasing firm allocates shares (Category: Breaking News)
- Weekend prospectors strike it rich (Category: Western Australia)
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