Speaking of the recent measures taken against money laundering and terrorism financing, the State Minister of Finance Mr Eran Wickramaratne categorically denied the claims, that the government mulls amending companies act to send the details of persons having 25 % of the shares in Public limited Companies to CID to inquire on money laundering acts. It is also alleged that wider powers are to be given to CID to question Directors, shareholders of private companies.
Four companies have been shortlisted to act as advisors to find investors to purchase the Hilton and Hyatt hotels, according to the Public Enterprise and Kandy Development Ministry.
Reuters: Sri Lankan shares ended slightly firmer yesterday led by blue-chip stocks in thin trade, while foreign selling boosted turnover with most local investors on leave ahead of the Sinhala-Tamil New Year this week, brokers said.
Prime Minister Ranil Wickremesinghe yesterday (11 April) called on Sri Lankans to share their rich cultural heritage and ensure future generations are proud of the nation’s deeply entrenched traditions.
Hong Kong (Reuters): The International Monetary Fund (IMF) is optimistic on the outlook for global growth but warned darker clouds are looming due to fading fiscal stimulus and rising interest rates, the fund’s Managing Director Christine Lagarde said on Wednesday.
Islamist fighters from Nigeria's Boko Haram group have abducted more than 1,000 children in the northeast since 2013, the United Nations children's agency UNICEF said Friday.