High investor confidence
Remarkable improvement in doing businesses:
There is a remarkable improvement in doing
businesses in Sri Lanka with the restoration of peace. The country
has shown commendable growths quarterly where the growth prospects
were revaluated to a higher Gross Domestic Production (DGP) by the
end of this year, the National Chamber of Commerce of Sri Lanka (NCCSL)
President Lal de Alwis told Daily News Business.
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EPF accounts under NIC numbers now
New system to streamline payments:
The accounts of Employees Provident Fund (EPF)
members will be re-registered by using the National Identity Card (NIC)
number. This process is conducted in collaboration with the Labour
Relations and Manpower Ministry and the Central Bank of Sri Lanka.
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Hydro Power Free Lanka IPO oversubscribed
The initial public offering of Hydro Power Free
Lanka Ltd (HPFL) opened for subscription on October 26, was closed
at 4.30 pm on the same day, due to an overwhelming investor
response, which resulted in the issue being oversubscribed by 57
times.
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