Promoting the stock market internationally vital - Former SEC DG
The need of the hour is to increase the demand of
the stock market, said former Director General of SEC Channa de
Silva. He told the Sunday Observer that many factors were involved
to drive the demand side of the equation . Among these factors are
fundamental earnings growth of listed corporates and attractive
valuations of the pricing of shares,
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Penalty for money laundering not enough
“After the dawn of peace, Sri Lanka recorded an
unprecedented rise in the stock market which shot up to 7, 800
points in 2009”, Tilak Karunaratne told the International Chamber of
Commerce AGM recently. He said that if Sri Lanka wants to maintain
and post a high stock market percentage, the right regulations need
to be in place.
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Oversupply hits big onion market
The price of big onions at the Dambulla Special
Economic Centre remains low, despite the intervention of the
Government to increase the import tariff. Farmers said that they are
incurring huge losses selling their harvest. Big onion harvesting
has commenced in the Matale district and the price has fallen due to
oversupply.
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Facets 2012 woos new buyers
There is a big demand in the Chinese market for
premium quality Sri Lankan gems, especially blue sapphires,
according to exhibitors at the Sri Lanka International Gem and
Jewellery Show ‘Facets 2012'.Chairman of the Organising Committee of
the premier gem and jewellery exhibition which was held for the 22nd
consecutive year,
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Brandix pledges carbon reduction
After achieving its 2012 eco targets Sri Lanka's
top apparel exporter Brandix has pledged a further reduction of its
carbon footprint by 2020. The head of environment and energy
management of Brandix group, Iresha Somarathna told a media briefing
that using 2013 as the base year,
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