Fortis Healthcare appointed to Lanka Hospitals Board

Following the purchase of 28% stake for Rs. 4 billion in The Lanka Hospitals Corporation, the Singapore registered Fortis Healthcare Global Holdings has got three seats on the Board.

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Central Bank release of 18 August, 2010

Employees’ Provident Fund has authority to make investments in the share market, including the banking and financial sector

The attention of the Central Bank has been drawn to recent claims of a spokesman for a certain political party that the Employees’ Provident Fund (EPF) does not have the authority to invest in banking and financial sector stocks listed on the Colombo Stock Exchange. 

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Ethiopian delegation visits Sri Lanka

A high profile delegation consisted of members of the International Financial Institute (IFI), Ethiopian Central Bank, Ethiopian Revenue Authority and Ethiopian Chambers of Commerce which was organised by the Central Finance PLC

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Export Bazaar to attract 40, 000 locals

By Cheranka Mendis
With exports being a hot topic in the Sri Lankan economic context, the EDB is all set to host the much publicised Expo Bazaar from 8-10 April at the Green Path Colombo. The road side exhibition and trade fair has been organised targeting a larger audience.

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Pyxle signs up with TopJobs for fourth year

Pyxle renewed its agreement with topjobs for a fourth consecutive year of Electronic Recruitment, following a very successful three-year relationship with topjobs where Pyxle HR effectively carried out their recruitment and job advertising activities.

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Glidden winners collect prize money

The first three winners of the ‘Glidden Sallikarayo’ promotion – H.M.D.H.V Kadurugamuwa from Diyatalawa, W.A Wijayasiri (Pallegama) and M.M.M.Wazeer (Matale) are seen with Akzo Nobel Paints Lanka (Pvt) Ltd Managing Director, Gerald de Saram after the draw held at Akzo Nobel Head Office.

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UK Services output rebounds in January after December snow

(Reuters) – Service sector activity rebounded in January after a snow-hit December to grow at its fastest monthly pace since July 2002, official data showed on Wednesday.

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EU executive disagrees with S&P’s Greece downgrade

BRUSSELS, (AFP) -The European Commission criticised on Wednesday a decision by credit ratings agency Standard & Poor’s to downgrade Greece’s sovereign debt rating.

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Siemens unveils corporate overhaul, to float Osram

FRANKFURT: Siemens has unveiled a new management and corporate structure and said it would float light bulb unit Osram, in what amounts to the most radical revamp since 2007 for Europe’s biggest engineering company.

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India stifle Pakistan to reach World Cup final

MOHALI, India (AFP) – Disciplined bowling by India saw them beat Pakistan by 29 runs on Wednesday to set-up a World Cup final against Sri Lanka in Mumbai on Saturday.
Pakistan, chasing 261 for victory, were dismissed for 231 with a ball to spare after all of India's five bowlers took two wickets apiece.

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