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| Thursday, 12 February 2004 |
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Central Bank Governors conference begins today The 39th Conference of South East Asian Central Banks (SEACEN) Governors and the 23rd Meeting of the SEACEN Board of Governors will be held in Colombo today and tomorrow. The Central Bank of Sri Lanka in Colombo, will host the event. The SEACEN was launched two decades ago, when eight central banks in the South East Asian region set up a joint forum to consider matters of mutual interest and to undertake joint training and research. Sri Lanka is one of the founder members of the group. This grouping has strengthened over the years and currently has 12 members and six observers. An important part of the work of the group is carried out by the SEACEN Centre, in Kuala Lumpur, Malaysia, which coordinates the research and training activities of the SEACEN group. The SEACEN Governors' Conference is held annually with the host being chosen by rotation. The theme of the Conference is "How Central Banks of Emerging Economies Can Respond to External Shocks. Former Minister of Finance K. N. Choksy, will deliver the opening address and Governor of the Central Bank of Sri Lanka A.S. Jayawardena, will deliver the welcome address.
15% wage increase for three trades The minimum wages of the Ice Aerated Waters, Fruit juice and Jam Manufacturing Trade has been increased by 15 per cent by the Wages Board from February 1, 2004. The Gazette notification relevant to this will be published shortly according to Wages Board officials. According to the new wages a Grade One employee of this trade will receive Rs. 3,249 as a minimum wage. Grade Two and Three employees will get Rs. 3,237 and Rs. 3,220. The Wages Board Department revises the minimum wages of 38 trades in the country every two years.
ASPI spirals at Bourse The Colombo Bourse gained yesterday. The All Share Price Index (ASPI) spiralled to 1,059.26 points from 1,016.66 points on Tuesday. The Milanka Index too increased to 1,800.77 points from 1,729.38 points. Market sources attribute the increase to local purchase as a key factor to this significant growth. The turnover for the day was Rs. 100,971,960. The turnover for Tuesday marked Rs 308,192,542 . Colombo Land, SLT, Merchant Bank, Nations Trust, JKH and LMF were the highest contributors. Domestic purchases were Rs 1,745 million and foreign purchases Rs. 109 million. Ashot Properties, Overseas Reality, LOLC, Bogawantalawa and Elpitiya were the top five gainers. Ceylon Tea Services and Mercantile Leasing announced a 10% second interim and 10 % first and final dividend. Capital Development and Investment Company announced a rights issue at Rs. 56.00. |
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