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SEC Chairman, Dr. Nalaka Godahewa stresses a point whilst Chairman CSE, Krishan Balendra looks on. Others present at the press conference were President, Unit Trust Association, President Colombo Stockbrokers Association, Dimuthu Abeysekera, Acting Director General at SEC, Professor Hareendra Dissa Bandara, CSE CEO Surekha Sellahewa and President Margin Providers Association, Ajith Fernando Pic by Ravindra [...]
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Subdued economic growth in 2012 and tough policy measures are forcing small banks to prioritize some portfolios and mobilise more deposits to sustain growth in their profits. In September, the Central Bank of Sri Lanka (CBSL) lowered its 2012 economic growth estimate to 6.8 percent from an earlier 7.2 percent. According to former Deputy Governor [...]
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Sri Lanka’s largest Social Security Scheme, Employees’ Provident Fund (EPF) has invested 6.3 percent out of its total investments in equity as at end June 2012 with 92.6 percent being invested in government securities and further 0.9% invested in corporate debt and reverse repos, the Central Bank stated recently. Publishing a report titled ‘Recent Economic [...]
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The performance of the stock brokers has declined in the first half of 2012 compared YoY due to the decline in market liquidity, the rise in interest rates and restrictions on broker credit, the Central Bank announced recently. Accordingly, total earnings, profits and capital funds of the 29 stock brokers declined in the first half [...]
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For most of our lives, we earn and spend money. Rarely, though, will our current money income exactly balance with our consumption desires. Sometimes, we may have more money than we want to spend and at other times, we may want to purchase more than we can afford. These imbalances will lead us either to [...]
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The 2013 Budget contains a series of policy reforms which are positively capital market friendly while being development oriented, says a leading stock-broking firm Bartleet Religare Securities. The budget continues to be welfare-oriented while forecasting an ambitious 5.8% deficit down from 6.2% forecasted in 2012. In a review of the budget the stockbroking firm has [...]
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On Related Party Transactions The Securities and Exchange Commission of Sri Lanka has invited the public and other market participants to submit written comments with regard to Related Party Transactions (RPT) especially in relation to the likely compliance costs, practical problems in compliance and other impacts such as costs and benefits. The capital market’s regulator [...]
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The Trade Unions have gone to the Supreme Court for a direction that the EPF which is the fund of employees should not invest in the Stock Market except in blue chip companies. They also want the banks to be excluded from these permitted blue chip companies. Stock Markets are risky Certainly stock markets are [...]
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CIC group is planning to cash in from the current shortage of quality yoghurt in the country by breaking into the market in a major way with Scandinavian technical assistanceCIC Agri Business (Pvt) Ltd which is the group subsidiary carrying on agricultural related businesses has decided to put up a new Rs 600m dairy processing [...]
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Nestlé Lanka PLC, the largest private sector fresh milk collector in Sri Lanka celebrated its highest monthly fresh milk intake of over five million liters in the month of September 2012 and expects to pay LKR 2.6 billion, the highest in Nestlé’s history, to the rural farmers this year. View article at source Nestlé celebrates [...]
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Sri Lanka’s ailing Blue Diamonds Jewelry Worldwide PLC (BLUE) says it had started producing jewelry using Sri Lankan gem stones in addition to the diamond jewelry which the company is world renowned for, the firm’s outgoing Chairman announced in the recent Annual Report. “The prices of diamonds have been increasing in the recent past and [...]
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Ease of Doing Business Index Plans are afoot to improve Sri Lanka’s rankings on Ease of Doing Business Index (EDBI) to 52 from its current rank of 89 within the next three years, The Nation learns. This will be a remarkable feat where the island nation has to surpass 37 countries within a matter of [...]
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