Mr. Mark Devadason, The Global Head of Sustainability of the Standard Chartered Bank will be the key note speaker at the upcoming ‘Best Corporate Citizen Sustainability Award 2015’, which is organized by the Ceylon Chamber of Commerce, the country’s premier business Chamber. Hong Kong based Devadason will deliver his address under the title of “The…
Inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is compiled by the Department of Census and Statistics, increased to 1.7 per cent in October 2015, compared to -0.3 per cent recorded in the previous month, on an yearon-year basis. This increase was mainly due to the removal of…
Moody’s Analytics, the economic research and analysis division of Moody’s Corporation, is the first major global institution to comment on the recent political controversies in India. Referring to the “ethnic tensions” in the wake of controversies over beef and other issues, Moody’s on Friday said that Prime Minister Narendra Modi must keep the BJP members…
The imposing of the Super Gains Tax, introduced recently with retrospective effect and which caused huge controversies, would begin from today (30 October) and that the deadline for payment by the relevant companies be 31 December 2015, said a senior official from the Finance Ministry. While Parliament approved the imposition of this tax recently, there…
Textured Jersey Lanka PLC has acquired a total of 35,630,000 shares of Ocean Mauritius Limited from the Brandix Group, Jacob BAC Ltd, Compagnie Mauricenne de Textile Ltee and Pioneer Elastic Holdings Ltd for a total consideration of USD 15 million. Fifteen per cent of this to be paid in cash and the balance 50 per…
The Regional Director for Asia Pacific of the Chartered Institute of Management Accountants (CIMA) Ms. Irene Teng paid a courtesy call at the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently. Ms. Teng, who was accompanied by CIMA Head of Strategic Business for Asia Pacific Mr. Venkkat Ramanan and Regional Manager –…
Colombo bourse snapped the six day winning streak on Thursday amid high institutional activity levels. Consequently, All share index lost 23.96 index points (-0.34%) to decline from 2 week high to end at 7,070.13. S&P SL20 index plunged by 0.32% (12.11 index points) to close at 3,827.89. Price depreciations in high caps namely, Commercial Bank…
The leasing facility provided on purchases of vehicles has been increased to 90 per cent of the value of the particle vehicle from today (29 October) says the Finance Ministry. Steps are to be taken today for the Central Bank of Sri Lanka to inform this decision to the banks and financial institutions providing leasing…
Sri Lanka is a significant location as an investment hub to Swiss investors. The government has been able to establish a stable political environment since the regime change in January this year. Our intention is to achieve economic stability through this process, said Finance Minister Ravi Karunanayake while addressing an investment forum organized jointly by…
Indocean Developers, the promoter of Sri Lanka’s architecturally-unique twin-tower high rise development Altair, has reported significant buyer interest in Japan, following the company’s participation as the sole real estate sector entity at the recent Sri Lanka Business Forum in Tokyo. One of just a handful of Sri Lanka based companies to make presentations to a…
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