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Rs 856 billion in govt securities:
EPF portfolio Rs 924 b by May 2011
Investments in corporate debt securities soon :
The Employees Provident Fund (EPF) has an
astronomical Rs 924 billion in its investment portfolio by end May
2011. Of the total investment portfolio of Rs 924 billion as at May
31, 2011, the Fund has invested Rs 856 billion in Treasury Bills and
other government securities, accounting for 92.7% of the total
portfolio, Central Bank’s EPF Superintendent Rupa Dheerasinghe told
Daily News Business yesterday.
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National HR Conference:
Achieving business success role of modern HR function
Achieving business success is the role of the
modern HR function and it could be achieved by performing all
functions of HR effectively, Prof H H D N P Opatha said speaking at
the panel discussion on “Can HR power the booming economy” at the
National HR Conference at Cinnamon Grand Hotel yesterday.
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ETI profit grows by 300% in FY 2010/2011
ETIs basic fundamental statistics for the
financial year 2010/11 has testified the company’s strong growth
momentum. ETI has recorded an unprecedented Profit After Tax (PAT)
figure of Rs 255.8 million in the financial year 2010/11 which is a
299.7 percent growth as against Rs 64 million in the corresponding
period of last year. Profit before tax has increased by 205 percent
from Rs 111.8 million to Rs 341 million. The pawning sector which is
the core business of ETI has been the main contributor towards this
significant growth.
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