In ensuring that Sri Lanka is in line with the latest international ethics standards, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has decided to adopt the “Responding to Non Compliance with Laws and Regulations” (NOCLAR) standard with effect from 15th July 2017. The announcement was made on Thursday (24th November) by…
Hayleys PLC emerged as the winner of the ‘Best Corporate Citizen Sustainability Award 2016,’ for the 05th year and won the ‘Grand Slam Award’. The annual event is organized by the Ceylon Chamber of Commerce, the country’s premier business chamber, to recognize sustainable champions of the local corporate world. Hayleys PLC won the Best Corporate…
A high powered business delegation led by Lu Xinhua, Chairman of the Council for Promoting South-South Co-operation (CPSSC) and former Vice Minister of Foreign Affairs, visited Sri Lanka recently. The delegation consisted of several retired ChineseAmbassadors and more than 30 leading Chinese Entrepreneurs. The Board of Investment of Sri Lanka warmly welcomed the delegation and…
Reuters – Sri Lankan shares snapped an eight-day falling streak to end slightly higher on Thursday, but concerns over recent tax proposals continued to weigh on sentiment. The bourse hit its lowest close since April 7 on Wednesday on caution over the budget tax proposals, including revisions in corporate and withholding taxes. The government aims…
Continuing to deliver on a longstanding commitment to sustainability, EFL opened a solar power plant in Wellampitiya on 16th November 2016. The occasion was marked by a special ceremony attended by Hon Deputy Minister of Power and Energy Ajith P. Perera as chief guest alongside top management of EFL and Expolanka Holdings PLC Group CEO…
Sri Lanka’s National Carrier and oneworld member, SriLankan Airlines bagged the Leading International Airline title yet again at the prestigious Maldives Travel Awards, recently. Viewed as SriLankan’s extended home market, the Airline currently connects the Maldivian capital to its extensive route network 21 times a week. On December 1, 2016, the Airline will expand its…
Sri Lanka’s packaging industry is not only a cross-sectoral activity, but even a trailblazer in country’s Public Private Partnerships. Meanwhile, the government is ready to elevate its support levels to the surging industry. “The Packaging institute is one of the success stories of Sri Lanka’s Public Private Partnering at work” declared Minister of Industry and…
A 15 member high powered business delegation from Belgium will be visiting Sri Lanka in December 2016. The Embassy of Belgium in India in association with the Ceylon Chamber of Commerce and the Sri Lanka – Benelux Business Council will be organising “Sri Lanka – Belgium Business Forum” followed by B2B Meetings on 1st December,…
Six members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) including the institute’s incumbent President Mr. Lasantha Wickremasinghe and several Past Presidents have been appointed by the International Federation of Accountants (IFAC) to serve in some of its top committees. Mr. Wickremasinghe serves as the Technical Advisor to Ms. Monica Foerster,…
Reuters – Sri Lankan shares extended falls to an eighth session on Wednesday, posting their lowest close since April 7, as investor sentiment was hit by budget tax proposals, including revisions in corporate and withholding taxes. The government aims to boost its 2017 tax revenue by 27 percent to 1.82 trillion rupees year-on-year, and meet…
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