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CFA Society Sri Lanka and Deloitte to Host Programme on Successful Mergers and Acquisitions
CFA Society Sri Lanka, in collaboration with Deloitte, will host a professional development programme titled “Demystifying Key Concepts to Successful Mergers and Acquisitions” on Thursday, 5 November 2026, from 8.30 a.m. to 12.30 p.m. at Courtyard by Marriott, Colombo City Centre. The programme aims to provide participants with practical insights into the mergers and acquisitions […]
Beyond Economic Stability: Bridging the Gap Between Recovery and Household Prosperity
“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.” — Franklin D. Roosevelt, Second Inaugural Address, 20 January 1937. By Prof. Asoka.S.Seneviratne Introduction Sri Lanka’s economic recovery has achieved important milestones following the […]
CAL to buy 51 percent of Hong Kong frontier fund manager Asia Frontier Capital at USD 2.5Mn
Capital Alliance Holdings (CAL) has signed an agreement to acquire a 51 percent stake in Asia Frontier Capital (AFC), a Hong Kong-based fund manager that specialises in frontier equity markets. The deal is subject to regulatory approvals, including approval from the Securities and Futures Commission of Hong Kong, before it can be completed. CAL is […]
John Keells profit after tax jumps 39 percent to 5.82 billion rupees in September quarter
John Keells Holdings (JKH) reported a 39 percent rise in profit after tax to 5.82 billion rupees for the quarter ended September 2026. Gains in shipping services, property and financial services offset a sharp fall in vehicle-related earnings. Pre-tax profit edged up 2 percent to 7.95 billion rupees from 7.80 billion a year earlier. Profit […]
EDB & SLASSCOM engage with Sri Lanka Police to Fast-Track Clearance Reports for ICT Professionals
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Association for Software and Services Companies (SLASSCOM), held a meeting with Senior Police Officials to discuss measures to expedite the issuance of police clearance reports for employees of Sri Lankan Information and Communication Technology (ICT) companies. The discussion focused particularly on employees […]
Nadika Ranasinghe, CFA, Takes Over as President of CFA Society Sri Lanka
CFA Society Sri Lanka (CFASSL), part of the global network of CFA Institute member societies dedicated to advancing the investment profession, announced the appointment of Nadika Ranasinghe, CFA, as its new President, following the Society’s Annual General Meeting held on 30 October 2026 in Colombo. She succeeds Rashmi Peiris Paranavitane, CFA. A seasoned financial services […]
PHP security scare puts Sri Lanka’s digital systems under scrutiny
A global security alert involving two critical vulnerabilities in the widely used PHP programming language has prompted urgent action in Sri Lanka, with government institutions instructed to check their websites and applications for possible exposure. The concern is particularly significant for Sri Lanka, where more than 70% of state institution websites and web applications reportedly […]
Sunshine Holdings records strong growth in 1HFY27 with revenue up 24.4-pct
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported strong top-line and bottom-line growth during the six months ended 30 September 2026 (1HFY27), recording a consolidated revenue of Rs. 40.2 billion, an increase of 24.4% year-on-year (YoY). The Group’s profit after tax (PAT) increased by 44.3% YoY to Rs. 3.7 billion, supported by the […]
Beyond ESG Disclosures: What India and Sri Lanka Can Learn from Each Other
Dr.Ranjith Krishnan, Associate Professor, CHRIST University, Delhi NCR, India The credibility of sustainability reporting is ultimately tested by its usefulness in corporate and financial decisions. A Sri Lankan tea exporter may disclose water consumption, while an Indian textile manufacturer reports greenhouse gas emissions. Yet a lender must also consider exposure to drought, the likely cost […]
From New Ideas to New FX Earnings: Making ViYASA Work for Sri Lanka
“The difficulty lies not in the new ideas, but in escaping from the old ones.” — John Maynard Keynes By Prof. Asoka.S.Seneviratne Introduction Sri Lanka’s long-term economic resilience depends on its capacity to earn sufficient foreign exchange through productive and diversified economic activities. The Daily FT article, “Economic transformation in Asian countries and lessons for […]