The Sunday Times Sri Lanka

Business Times

Mandatory investments in state banks for private provident funds

The Government, in another disturbing move though less controversial than the Pension Bill, has directed all private provident funds sector to invest 40% of its funds in state banks or Treasury Bills in a move to minimize investment risks and protect member contributions in these funds.

Chinese telecom firm gets Rs 3-bln i-Sri Lanka project

Top Chinese telecom company has secured the contract for Sri Lanka’s much awaited 3 billion-rupee i-Sri Lanka project aimed at enhancing the fiber optic network in the island. Sri Lanka Telecom (SLT) awarded the tender to Zhong Xing Telecommunication Equipment Company Limited (ZTE), China's largest listed telecommunications manufacturer and wireless solutions provider, without following proper technical evaluation procedures, SLT trade unions alleged.

Other Business Times Articles

	Mandatory investments in state banks for private provident funds
	Plans high-tech car service plant, ventures into caravan tourism
	Chinese telecom firm gets Rs 3-bln i-Sri Lanka project
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	RFCs in desperate bid to meet CB listing deadline
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	Beyond pensions - right to work until 60 years
	CB takes lead in spurring economic activity in capital
	Asian Alliance for sale
	Senok to fly high with helicopters
	Misusing the people’s money
	Neo@Ogilvy launched in Sri Lanka
	Former joint MD of Hayleys subsidiary arrested for fraud d remanded
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