SEC Chairman:
Reports on five SEC probes due in 2-3 weeks
Around five major cases of fraudulent deals of
the Stock Market which had taken place between 2010 and 2012 will be
completed within the next two to three weeks and the perpetrators
brought to book, Chairman, Securities and Exchange Commission of Sri
Lanka (SEC),
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Macroeconomic performance:
Risks on the rise
Recent macroeconomic performance has generally
been strong but risks appear to be on the rise while real GDP growth
registered 7.4 percent in 2014. Growth was broadbased, with the
exception of agriculture which suffered from drought early in the
year and heavy rains and floods in the fourth quarter.
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Reforms to increase market capitalisation vital
The Colombo Stock Exchange needs to work with
all stakeholders diligently on reforms to increase the market cap to
GDP ratio which is about 30% today to around of 50% of GDP by 2020,
a capital market expert,
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Pensions Dept sets up one-stop service centre
The Department of Pensions which was once
unpopular due to officials being lethargic and corrupt has been
transformed into an orderly and efficient institution according to
pension applicants who turned up at the Department last week.
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