The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) held its inaugural meeting on the 16th of this month in Beijing under the aegis of Chinese President Xi Jinping. Finance Minister Ravi Karunanayake represented Sri Lanka at this inaugural meeting. Finance Ministers and financial experts from 57 regional and non-regional Prospective Founding Members…
Chairman of the International Federation of Accountants (IFAC) SMP Committee, Dr. Giancarlo Attolini and President of the European Federation of Accountants and Auditors for SMEs, Mr. Bodo Richardt will share important insights relevant to the Small and Medium-sized practices in the South Asian region at a forum organized by the Institute of Chartered Accountants of…
The Confederation of Asian Advertising Agency Associations has proudly announced the appointment of Imal Fonseka, renowned marketer and CEO of Ceylon Biscuits, to the jury of the Asia pacific Effie Awards, making him the first Sri Lankan to be nominated for this prestigious position. Imal’s experience is extensive and he is best known for the…
Otara Del Gunawardena met Ada Derana Biz 24X7 to speak on the garbage issue which has become a controversy in Sri Lanka. She said despite our way of life changing day by day, our habits in disposing of garbage haves never changed. Her opinion is that we ourselves should take steps to change these habits….
Reuters – Taxi drivers in Hungary’s capital demonstrated on Monday against ride-hailing service Uber, whose growing popularity they find unpalatable amid new regulations setting a fixed tariff for traditional taxi firms that is higher than Uber’s. Taxis blocked a major road crossing in central Budapest and drove around in city streets blocking much of the…
Under the guidance of Minister for Tourism & Christian Affairs John Amarathunga and the present Chairman of SLTPB Mr. Paddy Withana, a well-known industry veteran, Sri Lanka Tourism Promotion Bureau (SLTPB) has setup plans to release an aggressive promotional campaign in 2016, within the selected potential markets to compete with the potential competitors in the…
Colombo bourse extended the pessimistic sentiment on the opening day of the week as core index shed 1.89%. Main index declined to an 18 month low of 6,324.61, down by 121.59 index points while high cap constitute S&P SL20 index declined by 1.67% or 55.77 index points, where all the banks and finance stocks in…
Fitch Ratings has revised the outlook on Sri Lanka’s telco sector to stable from negative as the new budget, introduced in December 2015, has scrapped the recurring taxes which could have diluted the industry’s EBITDA margin by an average of 6%7%. We believe that Sri Lanka Telecom’s (SLT) and Dialog Axiata Plc’s 2016 credit profile…
Prof. Hemanthi Ranasinghe was appointed as the new Dean of the Faculty of Graudate Studies, University of Sri Jayewardenpura by the Council of the University. She will assume duties on Thursday 21 January 2016 at 9 am at Faculty of Graduate Studies. Prof. Hemanthi Ranasinghe received Bachelors Degree in Botany (Hons) Special from University of…
Expert financial planner NDB Wealth has kicked off the new year by winning a coveted international award, presented by the prestigious Global Banking & Financial Review magazine. In fact, NDB Wealth was actually recognised for the second year in a row, earning the coveted title of “Best Asset Management Company, Sri Lanka 2015″, for its…
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