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Party transactions in Asia:

Companies should adopt greater transparency

Investors in Asian companies should control shareholders to prevent the possibility of being disadvantaged by related party transactions as abusive related-party transactions take place in Asia due to weaknesses in the mechanism that govern them.

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Central Bank eases monetary policy stance

Since around October 2008, the Central Bank of Sri Lanka has taken a number of steps to promote market liquidity and thereby stabilise money and credit markets, in view of the implications of the turbulent conditions that have prevailed in financial markets the world over.

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Pharmaceutical Chamber to upgrade quality

Small Scale Pharmaceutical industrialists have set up a Chamber of Small Scale Pharmaceutical Industry (CSSPI) to upgrade the manufacturing process and standards of the industry.

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With Vesak round the corner, the corporate sector is also getting ready to celebrate Vesak on a grand scale. Most institutions are decorated with Vesak lanterns and other illuminations. Our staff photographer Saliya Rupasinghe captured these customers selecting lanterns and other decorations to adorn their premises at the People’s Park in Fort.

• Government Securities Market interest rates decline

• COMBank ATMs dispense Rs.11b in countdown to Avurudhu

• Current status of funding arrangement

• Market up

• Trade deficits contracts by 75.5 percent in February

• CDB appoints independent directors

• Shipping

• Aviation

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