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Sunday, 17 May 2015

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Finance Minister Ravi Karunanayake who met Golden Key depositors at the Finance Ministry last week, said that the Central Bank will pay the depositors
after they withdraw the cases that are to be taken up tomorrow (18). The depositors present at the meeting agreed and called for a written assurance. About Rs 26.1 billion due to about 6,000-7,000 Golden Key depositors had to be paid at the time the company collapsed in 2009. Only 40 percent of the money will be paid back to the depositors by the Government.

19th Amendment:

National Audit, Procurement Commissions soon

The passage of the 19th Amendment in Parliament will help develop the country while improving its image at the international level, State Minister of Finance Mahinda Samarasinghe told guests at the release of the United Nations Economic and Social Survey of Asia and the Pacific (ESCAP) report in Colombo last week.

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BOI: an independent entity

The Board of Investment of Sri Lanka (BOI), a key cog in wooing investments to the country will no longer be subservient to the Treasury in decision-making and implementing strategies, BOI Chairman Upul Jayasuriya told the Sunday Observer.

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Flexible work practices improve productivity

Around 72 percent of corporates globally report that its employees’ productivity has increased due to flexible work practices while 68 percent link rise in revenue directly to flexible working, research by Regus, a global workplace provider revealed.

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Depositories, backbone of securities market - Chairman, CSE

The importance of depositories for the functioning of capital markets was emphasised at the 17th Annual Cross Training Seminar of the Asia-Pacific Central Securities Depository Group (ACG) in Colombo last week.

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Ten-year plan for energy sector ‘impressive’

Sri Lanka’s 10-year strategic plan for the energy sector is impressive and the ambition of the Government is clear in reducing dependency on foreign countries for imports and achieving self-reliance in energy, Director, Asset-intensive Energy and Utilities, IFS Global Industry,

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