Category: Other
IFS celebrates 21 years of operations in Sri Lanka
IFS, the global enterprise applications company, is proud to be celebrating 21 years of operations in Sri Lanka. Having initially established its presence in Sri Lanka in 1997, IFS now employs more than 1,100 employees who work from the company’s offices in Colombo and Kandy. At a media briefing held on the 9th of November […]
Constitutional Crisis – Samantha Power says targeted sanctions should be on the table
November 10, 2018 (LBO) – Former United States Ambassador to the United Nations and human rights expert Samantha Power has taken an aggressive stance with regards to Sri Lanka’s constitutional crisis. Making several tweets on this issue, Samantha Power has advocated for targeted sanctions on Sri Lanka if constitutional democracy is not upheld. After the […]
Pathway to membership of CA ANZ available for members of CA Sri Lanka
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Accountants Australia & New Zealand (CA ANZ) signed a landmark agreement on Thursday, 08th November 2018 to strengthen the scope of CA Sri Lanka members. The agreement was signed by CA Sri Lanka President Mr. Jagath Perera and CA ANZ Chief […]
Anura Priyadharshana Yapa assumed duties as State Minister of Finance
Anura Priyadharshana Yapa assumed duties as the Minister of State for Finance at the finance ministry, Friday. Minister of Finance and Economic Affairs, Prime Minister Mahinda Rajapaksa, Ministers Lakshman Yapa Abeywardene and Dunesh Gankanda and Ministry Secretary S.R. Attygalle and other senior officials were present.
‘s Watawala Plantations records PAT of Rs.554Mn
Nov 09, 2018 (LBO) – Watawala Plantations PLC reported a profit after tax (PAT) of 554 million rupees for the six months ended 30 September 2018. The Company achieved a PAT of 358 million rupees in the second quarter (Q2) compared to the first quarter (Q1) PAT of 196 million rupees. The increase in the production […]
Sri Lanka tea prices mixed in Oct 2018
Nov 09, 2018 (LBO) – Sri Lanka’s low growns teas continued to meet with good demand, whilst high and mid grown small leaf teas continued to witness downward pressure in prices following the lower quality and the higher volumes on offer, a recent report said. “National average for the month of October 2018 totalled Rs.586.19 […]
US President Donald Trump sacks Attorney General
Nov 08, 2018 (LBO) – US President Donald Trump has sacked his Attorney General Jeff Sessions, a day after the Republicans lost control of the lower house of Congress in the 2018 midterm elections.The move came after the President repeatedly criticized his Attorney General for not taking a tougher approach to illegal immigrants, and accused […]
Nestlé opens third milk chilling centre in Mannar district
(PRESS RELEASE) – Continuing its strong dairy development drive in the country, Nestlé has opened its third milk chilling centre in the Mannar district, in the north-western town of Madhu. The chilled storage facilities are vital in a tropical climate, as it offers farmers a means to keep their milk fresh until it is transported to […]
Sri Lanka Public Services Trade Union asks Speaker to act on parliamentary majority
Nov 09, 2018 (LBO) – The Public Services National Trade Union Federation called on Speaker Karu Jayasuriya to go along with the 116 legislators who wanted him to take up the question of resolving the crippling political crisis. The full statement follows:
S R Attygalle & H A Karunaratne promoted to Deputy Governors of CBSL
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CA Sri Lanka renews agreement with CPA Australia
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) renewed the Mutual Recognition Agreement (MRA) with CPA Australia recently, in an effort to enhance the standing of the members of both accounting bodies. The agreement was signed by CA Sri Lanka President Mr. Jagath Perera and CPA Australia President Mr. Peter Wilson in […]
CSE & GRI announce next round of workshops for listed companies
The Colombo Stock Exchange (CSE) announces the next round of workshops on corporate transparency and sustainability to be conducted in partnership with the Global Reporting Initiative (GRI). The workshops are set to be conducted on 04th and 05th December 2018 at the Ramada Colombo. These interactive workshops, which will be exclusive to representatives of companies […]