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The Monetary Board last week recommended several
measures to ensure more transparency in Treasury bond auctions. The
Central Bank said in a statement it recommends the bond management
team to hold pre-bid meetings with all the Primary Dealers to share
information on market,
Offshore surveys in Mannar, Cauvery basins:
International companies specialising in
hydrocarbon exploration have submitted several proposals to do
surveys in the offshore Mannar and Cauvery basins to acquire data
about the potential for oil and gas deposits, Petroleum Resources
Development Secretariat (PRDS), Director General Saliya
Wickramasuriya said.
25% of claims already settled:
Insurance companies have already settled over
25% of the claims made by the flood-affected people across the
country, a top official of the industry said. The industry expects
the value of the claims to surpass the initial estimate of Rs. 7
billion as the number of claims is expected to go up when people
fully settle down over the next few weeks.
Proper implementation of business ethics in
organizations can ensure maximization of lawful profits and
effectively protect the interests of all stakeholders. This
eventually can ensure a viable and competitive business environment,
Chairman, Securities Exchange Commission, Tilak Karunaratne said.
The World Bank has approved a $55 million loan
to Sri Lanka to improve urban services, preserve cultural and
environmental assets, and improve livability in Jaffna, adding the
city to an existing project to develop Galle and Kandy. The loan
will add development of rapidly urbanizing Jaffna to the existing
Strategic Cities Development Project (SCDP),
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