Category: General Services
Singapore offers assistance to upgrade Immigration system in Sri Lanka
The High Commissioner of Sri Lanka to Singapore Senarath Dissanayake met a team of officials from the Immigration Checkpoint Authority (ICA) of Singapore at the High Commission recently. The ICA delegation is scheduled to visit Sri Lanka from 26 to 31 May 2024 and the visit aims to explore opportunities for collaboration in enhancing Sri […]
”; Outlook Stable
Fitch Ratings has affirmed Sri Lankan cable manufacturer Sierra Cables PLC’s National Long-Term Rating at ‘A+(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect our view that Sierra will be able to maintain adequate financial metrics in the next 12 months. The improving trajectory in Sri Lanka’s external finances and lower domestic interest […]
ADB partnership strategy 2024-28 for SL to foster sustainable recovery, build resilience, and revive growth
The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Sri Lanka covering the period 2024–2028. The strategy will focus on restoring the country’s macroeconomic stability, reviving growth, and establishing the foundation for sustainable recovery and resilience. “This new partnership strategy will build on ADB’s ongoing assistance to support the country’s efforts to […]
”’ magazine takes flight in the Middle East to help build economic bridges
Embarking on a journey of connectivity, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) ventured into uncharted territories by marking a significant milestone in the landscape of communication with the launch of “The Hub” magazine. The magazine was officially launched at the Crowne Plaza Hotel in Kuwait, with […]
Sunshine Holdings PLC announces new leadership appointments
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) announced that Aruna Deepthikumara, Michelle Senanayake, Dr. T. Sayandhan and Shantha Bandara, who are Executive Committee members of the Group, have been appointed as Executive Directors. Commenting on the appointments, Sunshine Holdings Group CEO Shyam Sathasivam said, “We are excited to announce the elevation of Aruna Deepthikumara, Michelle […]
CA Sri Lanka Members Chandrika Muhandiramge and Ranjani Joseph clinch top regional awards
Two female fellow members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) brought honour to the nation and the local accounting fraternity earlier this month when they clinched top regional awards, outshining many other female accountants from South Asia. Chartered Accountant Ms. Chandrika Muhandiramge was bestowed with the prestigious “Lifetime Woman […]
Top Universities to Compete in the CFA Institute Research Challenge Sri Lanka 2023/24
CFA Society Sri Lanka is pleased to announce that teams from the University of Colombo, the University of Sri Jayawardenepura, and two teams from the University of Kelaniya have qualified for the local finals, following an extensive grading process. The finals are scheduled for 27th February 2024 at the Colombo Stock Exchange Each university team […]
‘s new President Heshana Kuruppu unveils visionary roadmap for next two years
Heshana Kuruppu, the newly elected President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), who recently assumed office as the 27th President of the National Body of Accountants, outlined a visionary roadmap for the next two years. Focused on the core values of Collaboration, Excellence, Nurturing, and Integrity, and under the […]
All Island Dairy Association raises alarming concerns about detrimental impact of VAT
The All Island Dairy Association (AIDA) has voiced grave concerns regarding the Sri Lankan government’s proposed increase in the Value Added Tax (VAT) from 15% to 18%, set to take effect on January 1st, 2024. This move, intended to broaden the tax base, could have severe repercussions for the dairy sector, a vital contributor to […]
Hidden Fees in Electronic Card Payments: A Call for Action
Sumedha Amarasinghe, the Deputy Secretary of the Association of Leasing and Debt Instalment Payers, has highlighted a significant issue with electronic card payments in a recent media disclosure. Amarasinghe noted that some institutions deduct an additional 1% to 5% from customers when they pay with an electronic card. This practice is an issue, as customers […]
Sri Lanka Telecom on the Verge of Ownership Change: Only Jio and Gortune in the Running Now
The Government of Sri Lanka, through its Ministry of Finance, Economic Stabilization, and National Policies, has closed the first stage of its plan to divest shares in Sri Lanka Telecom PLC. After an evaluation process based on the Special Guidelines on Divestiture of State-Owned Enterprises, two investors have emerged as front-runners out of the three […]
PRCA APAC reveals findings on Sri Lanka’s PR industry for 2024 and years to come
The APAC chapter of the Public Relations and Communications Association (PRCA), the world’s largest and influential PR body, together with its board member and communications expert Thanzyl Thajudeen carried out a survey among 31 agency leaders and executives to explore the current and future context of Sri Lanka’s PR industry. This comes as the second […]