Category:
CA Sri Lanka, CIMA inks membership pathway agreement to reinforce standing of members
Two renowned professional organisations, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Institute of Management Accountants (CIMA), signed a membership pathway agreement this month, in an effort to strengthen the professional standing of members of both institutions. The membership pathway agreement allows members of both CA Sri Lanka and […]
CFA Society Sri Lanka Capital Market Awards prompt greater assurance from unit trust funds
As the 10th annual CFA Society Sri Lanka Capital Market Awards scheduled for 21 June 2023draws closer, the Society takes the opportunity to revisit the award winners from last year, as part of its efforts to recognise and reward professionals who have established benchmarks for the advancement of domestic capital market participants. The Best Unit […]
Government bringing various anti-people laws, while creating racial and religious issues: Eran
Former President reversed gazettes, current one is reversing Acts At this moment, many problems have arisen in the country, in the backdrop of bringing several Bills including Broadcasting Authority Bill and the Anti- Corruption Bill by the government said opposition MP Eran Wickramaratne, addressing the media at the Office of the Leader of Opposition in […]
Has Sri Lanka’s Crisis-driven Import Controls Incentivised Import Substitution?
By Dr Asanka Wijesinghe and Nilupulee Rathnayake: In response to the economic crisis, Sri Lanka implemented import controls that expanded significantly by the end of 2022, accounting for approximately 30% of the country’s total import value (Figure 1). The controls affected various categories, including consumption goods (46%), intermediate goods (31%), and capital goods (24%). As […]
TRI-ZEN: Revolutionizing smart living in SL, 75-pct of inventory sold
Engineered for the future, TRI-ZEN apartments, located in the heart of Colombo in Union Place, Colombo 2, announced the successful sale of 75% of its inventory to date, as the much-anticipated project nears completion by the end of 2023. This remarkable achievement underscores the tremendous appeal and demand for TRI-ZEN, which is a joint venture […]
Global Leaders Convene in Paris for Summit on New Global Financing Pact
President Emmanuel Macron of the French Republic has invited world leaders, including President Ranil Wickremesinghe, to participate in the highly anticipated Global Leaders’ Summit for a New Global Financing Pact. The event, scheduled to take place in Paris on 22 and 23 June, aims to address the pressing challenges faced by the world today. The […]
‘s Bank, HNB, Commercial Bank & Bank of Ceylon
Fitch Ratings has maintained the Rating Watch Negative (RWN) on the ‘A(lka)’ National Long-Term Rating of People’s Bank (Sri Lanka) (PB). The rating agency has maintained Hatton National Bank PLC’s (HNB) National Long-Term Rating of ‘A(lka)’ on Rating Watch Negative (RWN) and maintained HNB’s senior and subordinated debt ratings of ‘A(lka)’ and ‘BBB+(lka)’, respectively, on […]
Hemas Strengthens Presence in Consumer Brands Space, Acquires Remaining Stake in Atlas
Hemas recently announced the acquisition of a 24.9% stake of Atlas Axillia Company (Private) Ltd, for a total consideration of Rs.3.4Bn. With this strategic move, the Group now owns 100% of Atlas Axillia Company (Private) Limited, expanding its market presence and reinforcing its position as a key player in the Consumer Brands Sector. “Atlas […]
TISL takes bribery & corruption allegations surrounding X-Press Pearl Disaster to Supreme Court
Transparency International Sri Lanka (TISL) filed a petition in the Supreme Court yesterday (June 12), seeking to intervene in the ongoing Fundamental Rights case (SC/FR/Application No.168/2021) filed by the Center for Environmental Justice (CEJ) and three more petitioners, highlighting the serious allegations of bribery and corruption surrounding the X-Press Pearl disaster. The intervention petition is […]
Queen of the World Sri Lanka – Discovering the Unseen Power within Sri Lankan Women
Sri Lanka is gearing up to witness a remarkable celebration of the strong spirit and hidden potential of its women. The Queen of the World Pageant, scheduled to take place at the prestigious Nelum Pokuna Theatre on the 22nd of September 2023, aims to unleash the unseen power within Sri Lankan women and showcase their […]
Opinion: China Helps Sri Lanka’s Aspiration to Become a Major Logistics Hub in The Region
By Maya Majueran Sri Lanka is an island nation situated in a strategically important location in the Indian Ocean Region at the center of maritime trade routes in between East and West, as well as in the middle of Africa, the Arab, and Eastern worlds and is surrounded by the Bay of Bengal and the […]
99x expands global reach to set up technology centre in Malaysia
99x commenced operations at its technology centre in Malaysia, as part of its global expansion strategy. The technology centre was recently recognized with the Malaysia Digital status by the Malaysia Digital Economy Corporation (MDEC) as a contributor towards the Malaysian digital ecosystem.99x also intends to collaborate with leading tech universities to build digital product engineering […]