Thai motorcycle lessor Group Lease PCL has acquired a 30 percent stake in Sri Lanka’s Commercial Credit and Finance PLC (CCF) for $70 million, the company said on Monday, in its first major expansion outside Southeast Asia. The acquisition comes a month after it bought a 71.9 percent stake in BG Microfinance Myanmar from the…
The State Department announced that it will begin accepting applications for the FY 2018 Diversity Immigrant Visa Program—commonly called the diversity visa (DV) lottery—beginning Tuesday, October 4, 2016. Applicants who are selected and approved may apply for a green card starting on October 1, 2018. Each year, the State Department randomly selects 50,000 immigrant visa…
Chairman of the National Human Resource Development Council of Sri Lanka Mr. Dinesh Weerakkody recently highlighted the growing demand for both accountants and auditors across the world at the Training Partners Forum organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Elaborating on his statement, Mr. Weerakkody said that as per…
MAS Holdings, one of the world’s most recognized Design-to-Delivery Solution Providers in the realm of Apparel and Textile Manufacturing, and the Royal College Union (RCU), which celebrated their 125thanniversary this year, both pledged their support towards Trail 2016 at a press conference held recently. Accordingly, MAS has come on board as a Platinum Sponsor with…
Ceylinco Insurance PLC rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) for the month of October and outlined the company’s commitment to contribute towards the sustainable growth of the economy and country. Chairman of Ceylinco Insurance PLC Mr. J. Godwin Perera stated “As our country transits into a new political…
Uber, the technology company that’s transformed the way people move in cities has teamed up with Eurocars, the official agent of Porsche cars in Sri Lanka, to give two lucky Uber riders the Ultimate Porsche Experience. Uber riders will receive a once-in-a-lifetime-opportunity to take part in the Porsche Driving Experience in Katukurunda, where participants will…
The Ceylon Chamber of Commerce, the organizers of the ‘Best Corporate Citizen Sustainability Award 2016’ will close applications for the contest on the 07th October, 2016. The annual event, which recognizes the sustainability champions of the corporate world has already seen heavy demand from the local corporate sector to take part in this year’s competition….
In celebration of World Childrens’ Day, Sri Lankan Cares, the charitable arm of Sri Lankan Airlines; South Asia’s Grand Dame’s Galle Face Hotel and the pioneers in the transport world in Sri Lanka, Ebert Silva; joined hands for the second year to make children their main focus, under the theme ‘In remembrance of you.’ Children’s…
Reuters – Sri Lankan stocks posted a fourth straight session of gains on Friday to end at a near one-month closing high, led by blue chips, while the drop in T-bill yields boosted sentiment. The benchmark index of the Colombo Stock Exchange ended up 0.1 percent, or 6.47 points, at 6,534.77, its highest close since…
In its continuing efforts to educate its stakeholders on the latest changes to the accounting standards applicable in a local content, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has launched the 2016 Sri Lanka Accounting Standards (SLFRS) seminar series. The series, which kicked off in September, and concludes on December 13,…
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