Reuters – Aug 29 Sri Lankan shares fell for a second straight session on Monday in moderate volume as investors booked profits. The increase in excise duty on diesel which dragged on Lanka OIC also pulled down the index, brokers said. Sri Lanka’s finance ministry on Friday said it had increased the excise duty on…
– Finance Minister Ravi Karunanayake Member countries of the SAARC now have the opportunity to invest in the Colombo International Financial City and enjoy benefits from the emerging economy of Sri Lanka, Minister of Finance Ravi Karunanayake said. Addressing the 8th SAARC Finance Ministers’ meeting held in Islamabad in Pakistan on August 26th, Minister Karunanayake…
All stakeholders of the Tea Industry express their unmitigated and resolute opposition to the intention, as reported in the media, of the Ministry of Finance to appropriate the funds accumulated by the Sri Lanka Tea Board, which had been collected from the Industry, for Global Tea Promotion. In October 2010, a Tea Promotion and Marketing…
Haycarb PLC, the globally renowned Activated Carbon Products and Solutions sector of the Hayleys Group was conferred with a Presidential Award for its immense contribution to the development of Sri Lanka’s value added exports and foreign exchange earnings. The Award for the Highest Value Added Exporter in Coconut Non-Kernel Products Categoryfor two consecutive years –…
An expert asks Sri Lankan firms to have a sound ‘sourcing strategy’ in order to help improve the overall business performance by sourcing the rights products at the right price and at the right time. Tom Albrigston, a director at the Norway based Fair Deal AS, said it is important for firms to have an…
VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, was recognized as the ‘The Highest Foreign Exchange Earner of the Computer Related Services’ for 2014 at the 20th Presidential Export Awards. Held under the patronage of His Excellency…
In it’s efforts to stay ahead with technological advancements and provide its stakeholders with a range of updated services for their convenience and further development, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched the Continuing Professional Development (CPD) Online Tool for the benefit of it’s members. The CPD Online Tool…
Over one thousand life insurance sales professionals gathered at the BMICH on the 19th of August for the 7th annual National Forum for Life Insurance Advisers (NAFLIA). Organized by the Marketing and Sales Forum of the Insurance Association of Sri Lanka (IASL), the theme of the congress was “A Day All Sri Lankans Are Insured.”…
The Abans Group, operating across multiple sectors in Sri Lanka, has concluded another advisory assignment with MTI Consulting, this time focusing on Human Resource and Talent Optimization. The Abans Group is also one of the Investment Pledgers and Sponsors of MTI’s ‘idea2fund’ which is also proving to be a source of entrepreneurial talent for the…
This year’s Paris motor show will host the unveiling of Volkswagen’s first all-electric car, according to an interview with company chairman Herbert Diess in German magazine WirstschaftWoche. The car will be roughly Golf-sized, according to the chairman, but will feel as roomy as a Passat on the inside, thanks to space saved via lighter frame…
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