• Second quarter fiscal 2017 revenue of $210.1 million increased 2.2% sequentially and 46.9% year-over-year. • Second quarter fiscal 2017 diluted EPS on a GAAP basis was $0.11, and $0.27 on a Non-GAAP basis. • Commenced work with 12 new clients in the fiscal second quarter. • Promotes Samir Dhir to President, Banking and Financial…
Reuters – Sri Lankan shares extended their falls into a seventh session on Tuesday, posting their lowest close since July 4, 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 (then $12.35…
As bilateral trade between Sri Lanka and China crossed $4 Bn threshold for the first time, a confident Sri Lanka said that the proposed FTA between the two countries shall further solidify this trade growth. “There is a six fold trade growth within a decade -and this trend would grow further as both countries move…
The Condominium Developers Association of Sri Lanka, an affiliated trade body of the Ceylon Chamber of Commerce, which represents the Condominium Developers in the country hailed the Budget Proposals presented to Parliament by the Hon. Ravi Karunanayake, Minister of Finance. The Budget contained a number of progressive proposals to stimulate demand from a new market…
“Japan is one of Sri Lanka’s closest friends with a relationship that has prevailed for centuries and has stood the test of time amidst changing international and domestic political circumstances. In recent years Sri Lanka’s economic partnership with Japan has developed extending beyond trade and tourism. What needs to be done now is to take…
Reuters – Sri Lankan shares fell for a sixth straight session on Monday, posting their lowest close in four and a half months, in thin volume 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…
The “Trade Delegation to Australia”, organized by the Colombo Chamber of Commerce (CCC™) was concluded recently amidst much positive response. The delegation was organized as means of creating the necessary background for local SME entrepreneurs to enter the international market and it managed to successfully secure a number massive foreign investments for Sri Lanka. The…
Gulf Times – Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said. “In our energy sector, LNG-generated power plants are going to be the next futuristic power generation option. In order…
Fitch Ratings has assigned Sri Lanka-based National Insurance Trust Fund Board (NITF) a National Insurer Financial Strength Rating (IFS) and National Long Term Rating of ‘AA-(lka)’. The Outlook is Stable. NITF’s ratings reflect strong ties with the government of Sri Lanka (B+/Negative), a strong business profile as the only reinsurer in the country, high capitalisation…
CA Sri Lanka, SAFA, World Bank and ADB deliberates on Accrual Accounting for South Asia As Accrual Accounting continued to gain ground, South Asia too has begun to extensively deliberate on adopting this methodology for the public sector during a high profile event organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri…
Video Story
