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…
DFCC Bank was felicitated as one of the Best Performing Public Quoted Companies in Sri Lanka at the 2015/16 Business Today Top 30 Awards, at an august ceremony on 16th November 2016 held at Hilton Hotel, Colombo. Mr. Arjun Fernando, the CEO of DFCC Bank received the award from the Honorable Finance Minister Ravi Karunanayake….
The Colombo Stock Exchange (CSE) will be conducting a planned failover to the Disaster Recovery site during trading hours using Version 7 of the Automated Trading System (ATS) Disaster Recovery Solution on Friday 25th November 2016. The exercise will be an industry-wide activity as part of the Business Continuity Plan (BCP) of the CSE with…
Becomes World’s Largest Luxury Ayurveda Chain Spa Ceylon Luxury Ayurveda, the global wellness lifestyle brand, this week opened its grand 3000 square foot signature store and Ceylon Lounge in Japan’s prestigious Ginza shopping district, considered to be one of the most exclusive shopping precincts in the world. With this opening, Spa Ceylon is now the…
Malaysia’s telecom giant Axiata Group Bhd’s, Sri Lankan subsidiary Dialog Axiata Plc has announced to form Dialog Business Services (Pvt) Ltd (DBS), a company that will provide business process outsourcing (BPO) services. In an announcement at Bursa Malaysia on Wednesday, Axiata said that it has already informed Colombo Stock Exchange on the new BPO firm…
A new draft bill titled State Enterprises Act would be introduced in Parliament next year, Deputy Minister for State Enterprises Eran Wickremaratne told Parliament today (23 November). The Deputy Minister said this in response to a question by Member of Parliament Buddhika Pathirana on the steps being taken by the government to minimize the losses…
The Securities and Exchange Commission of Sri Lanka (SEC) on the recommendation of the Colombo Stock Exchange (CSE), directed the implementation of a risk based Capital Adequacy Requirement (CAR) of 1.2 times the risk requirement of stockbrokers subject to a minimum liquid capital requirement of Rs 35 Mn. The CAR Rules are applicable to all…
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