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Govt. probing previous regime's CB investments in EPF


By Ravi Ladduwahetty Ceylon Finance Today: The Government is currently probing the transaction of the Central Bank's investments Employees Provident Fund in the Colombo Stock Exchange."All these transactions are heavy probe in a true spirit of transparency and good governance and we are determined to complete the findings within these 100 days," top official and political sources told Ceylon FT yesterday. A cloud of controversy was looming over these transactions of the previous ...

ADMO Solar, a leader in advanced energy technology, initiated a partnership with Sri Lanka Telecom, facilitating special packages and services related to solar power systems to its premium customers under their customer loyalty programme. ADMO Solar under the flagship of Vinseth Engineering (Pvt) Ltd is the division that caters for solar power electricity systems, hot water systems and has established a name in the industry for its innovative approach to solar power options. The partne...

The Institute of Personnel Management (IPM) Sri Lanka - the pioneer and leader in Human Resources Management in the country was invited to share their insights on 'Human Resources Challenges and Opportunities from a Regional Perspective' at the prestigious Bangladesh Society for Human Resources Management's (BSHRM). This 4th HR Conference held was held at the Bangabondu International Convention Centre in Dhaka recently. IPM President Rohitha Amarapala together with three members of IP...

• 'Ready for cooperation in trade, energy, rice' – 'Nam's Vuong• Calls for wider exports basket from Sri Lanka• Bilateral trade on the rise, exports leap!• 'Thanks for multiple ways of support' – Rishad• 'Let's move for US$1 Bn trade' – 'Nam's Vuong The first-ever official joint meet between Vietnam and Sri Lanka to be held in Colombo since the historic official trade linkages in Hanoi opened in August 2014, will commence tomorrow 28 March wit...

Mobitel Business Solutions, a division of Mobitel Pvt Ltd together with John Keells PLC (the produce broking arm of the John Keells Group) today launched 'mAuction,' a superior suite of solutions for the Colombo Tea Auction connecting tea brokers and buyers on a single platform through a live feed for the first time in the history of the 130 year old Colombo Tea Auction. It provides a good example of how contemporary technologies can be aligned to deliver unparalleled efficiencies to a...

Paneetha Ameresekere Ceylon Finance Today: Central Bank of Sri Lanka (CBSL) sold US$ 23.4 million from its foreign reserves to prevent the rupee from depreciating and/or to meet the Government of Sri Lanka's (GoSL's) foreign debt servicing commitments, CBSL data showed.Matters are made worse due to foreign exits from the Treasury (T) Bond and T-Bill market as well as from the stock market. Latest statistics showed that in the week ended 18 March, 2015, week on week, Rs 332.82 million w...

By Chanaka de Silva Ceylon Finance Today: Samsung Electronics Co Ltd unveiled its latest smartphones, the much awaited Galaxy S6 and the GALAXY S6 Edge in Colombo yesterday.The launch of the new mobile phones offers Sri Lankan consumers the latest in smartphone technology. The new standard of smartphones to drive mobile data with cutting edge design is now in the hands of Sri Lanka's tech savvy population. Samsung's Sri Lanka Managing Director, Yongmin Shin said at the launch that Sam...

By Kevin Andrews Ceylon Finance Today: Minister of Public Administration, Buddha Sasana and Democratic Governance, Karu Jayasuriya, yesterday discussed Sri Lanka's progress and future endeavours under the present government at the South Asian Management Forum inauguration ceremony yesterday (26) at Hotel Taj Samudra. "Our government is approximately 75 days old," said Jayasuriya, "and there is no other government of its kind." On January 8, he said, the people asked for a mandate of...

Paneetha Ameresekere Ceylon Finance Today: The bourse fell for the fourth consecutive day at yesterday's trading, due to the current unstable political climate continuing to weigh heavily on its performance, market sources told Ceylon FT.As a result, the benchmark ASPI fell by 0.72% to 6,922.83 points and the more sensitive S&P SL 20 Index by 0.83% to 3,928.51 points on aRs 1.1 billion turnover. Matters were made worse, with the bourse also witnessing net foreign outflows (NFOs) f...

Paneetha Ameresekere Ceylon Finance Today: The exchange rate (ER) strengthened as predicted by Ceylon FT on its yesterday's edition due to exporter conversions and remittances on account of the forthcoming Avurudhu season, with one week forwards strengthening to Rs 133/50/55 to the US dollar in two way quotes, while two weeks forwards further eased to Rs 133/65/70, market sources told Ceylon FT. On the previous day, one week forwards were trading at Rs 133.60/70 and two weeks forwards...

By Kevin Andrews Ceylon Finance Today: International Finance Corporation (IFC) Country Director Adam Sack yesterday encouraged businesses to aim for sustainable business practices in his keynote speech at the South Asian Management Forum 2015 at Hotel Taj Samudra.Sack said that many governments the world over had already recognized the risks involved with unsustainable systems that extract too high a cost from the environment. He warned that Sri Lanka itself would face a 1.2% reductio...

The Imperial Institute of Higher Education (IIHE) announced its partnership with the University of Salford Manchester to offer its Honours degree programmes in Sri Lanka.The Imperial Institute of Higher Education will now be able to offer degrees such as BSc (Hons) in Business Management, BSc (Hons) in Business and Information Technology, BSc (Hons) in Accounting and Finance, BSc (Hons) in Business and Tourism Management. These programmes will be offered as internal university degrees wit...

Ceylon FT

Ceylon Finance Today: The Government is currently probing the transaction of the Central Bank's investments Employees Provident Fund in the Colombo Stock Exchange.
ADMO Solar, a leader in advanced energy technology, initiated a partnership with Sri Lanka Telecom, facilitating special packages and services related to solar
The Institute of Personnel Management (IPM) Sri Lanka - the pioneer and leader in Human Resources Management in the country was invited to share their insights
The first-ever official joint meet between Vietnam and Sri Lanka to be held in Colombo since the historic official trade linkages in Hanoi opened in August 2014,

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