Banks welcome CB directive on individual shareholdings
Banks in the country have welcomed the Central
Bank's new move, under the Banking Act, instructing all licensed
commercial banks to implement a new policy on the share ownership in
these banks permitting individual shareholders upto 15 per cent of
the total shareholdings, Central Bank sources said.
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'Vocational training, vital for development'
Creating a workforce skilled in vocational and
technical training is vital for development, Vocational and
Technical Training Minister Piyasena Gamage said.
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Private remittances soar by 30 per cent
Private foreign remittances to Sri Lanka have
increased by 30 percent last year, Sri Lanka Bureau of Foreign
Employment Manager (Research) M.Desapriya told the Daily News. This
year the Bureau is expecting 240,000 migrations from Sri Lanka.
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