ESPNcricinfo: The winds of change blew over Colombo on Thursday with the appointment of a new selection committee for Sri Lankan cricket, but in hot, dry, still Kimberley, nothing had moved. Sri Lanka remained under pressure after a fourth consecutive series defeat. They trained as hard as they have all tour and they continued to ...

Race driver Dilan Seneviratne was presented with the National Championship award for the SL-H 1600 Hill Climbs 2011 by Minster of Sports Mahindananda Aluthgamage. The presentation was made at the Sri Lanka Auto Sports Awards held recently.   The award wasn’t a surprise for the racing fraternity as Seneviratne has enjoyed a superb 2011, particularly ...

By Devin Jayasundara CIMA (The Chartered Institute of Management Accountants) Sri Lanka Division inducted its Board for the year 2012 at the Cinnamon Grand on 4 January. Union Assurance PLC (UA) CEO Dirk Pereira was elected as CIMA Sri Lanka Board Chairman, whilst Reyaz Mihular – Partner – Head of Advisory Services of KPMG Ford ...

The Sri Lanka-Malaysia Business Council of the Ceylon Chamber of Commerce announced that the independent audit partner KPMG Ford, Rhodes, Thornton & Co. have completed their audit of the applications. As Asia Pacific’s most prestigious award for entrepreneurs, it is a regional bench-mark. It honours enterprising men and women in business who have proven their ...

We have learned in marketing the importance of understanding the needs and wants of the customers first in order to satisfy them. To understand the needs and wants, we have to contact customers, visit them and ask some questions or else can distribute questionnaires for customers as well as potential customers. Again we could not ...

Nihal Sri Ameresekere releases his new book Colombo Hilton Hotel Construction – Fraud on Sri Lanka Government – Criminality Exposed, but Perversely Covered-up (published by AuthorHouse), the voluminous eighth book in a series by Nihal Sri Ameresekere on corruption, fraud, economic crime, governance, rule of law, dealing with real case studies. In this new release, ...

The Asian Motor Racing Club which has the best of Formula drivers in the country will be in action representing the McLarens team at the forthcoming Colombo Night Races scheduled for 16-17 December. The club will have three teams for all categories in Formula Ford 1600cc (Post 85), Formula Ford 1600cc (Pre 85) and Formula ...

The Asian Motor Racing Club which has the best of Formula drivers in the country will be in action representing the McLarens team at the forthcoming Colombo Night Races scheduled for 17 December. The Club will have three teams for all categories in Formula Ford 1600cc (Post 85), Formula Ford 1600cc (Pre 85) and Formula ...

KPMG Ford, Rhodes, Thornton & Co.’s Forensic Advisory practice recently announced the launch of a confidential hotline with the signing of its first client in Sri Lanka. The feature known as an Ethics Hotline promotes the concept of good corporate governance, transparency and ethical conduct which could benefit local companies, said Jagath Perera, Partner and ...

What do nation states do when their politicians ruin their economies by serial lying to the voters, running up huge domestic and international financial deficits, uncontrolled corruption, cannot keep interest rates at reasonable rates, cannot control inflation nor hold the exchange rate steady and run the country on an unsustainable basis, depending on what has ...

By Cheranka Mendis To facilitate the growing need for professional human resources in the developing local business market, BRC (Bill Roy Consulting) Partnership, a consultancy based in Carrickfergus, Northern Ireland set up shop in Sri Lanka with the launch of BRC Lanka – a leadership and management development company. Officially launched yesterday, BRC has partnered ...

BRC Partnership in Carrickfergus recently signed a joint venture to provide management training and coaching to top business people in Sri Lanka, following an Invest Northern Ireland (Invest NI) trade mission to India and Sri Lanka in April this year. The consultancy agreement was announced by Alan George, BRC’s Business Development Manager, and welcomed by ...

The first ever Islamic Finance Country Report in Sri Lanka was launched by KPMG Ford, Rhodes, Thornton and Co. in collaboration with the Research Intelligence Unit. The publication titled ‘Islamic Finance Country Report – Window of opportunity in Sri Lanka’ provides insight into the demographics of the Islamic finance market and an in-depth analysis of ...

By D. C. Ranatungha Seeing a vintage car on the road always raises curiosity. When it passes, we tend to turn back and take a second look. With the release of four stamps featuring vintage cars in Sri Lanka last week, the ‘old crocks’ are being talked about. The stamps themselves are unique in that ...

KPMG Ford, Rhodes, Thornton & Co. (KPMG Sri Lanka) opened its fifth branch office in the city of Hambantota recently. Commenting on the firm’s decision to open a branch in Hambantota, Coordinating Partner for KPMG Sri Lanka’s branch offices in the Southern Province Jagath Perera stated that recent developments in the region had brought to ...

Races are scheduled to kick off from 7.00p.m on 17 December By Kshanika Argent For the first time in Sri Lanka’s history (with the exception of a brief period in the 60’s) Colombo will witness night races at the inaugural Colombo Night Races which coincides with the second Electric Peacock Festival, scheduled for this December. ...

The Institute of Chartered Accountants of Sri Lanka (ICA Sri Lanka) honoured illustrious personality Gamini Benedict Wikramanayake the revered Lifetime Achievement Award 2011 in appreciation of his contribution made to accountancy in particular and society in general. A chartered accountant by profession, Wickremanayake has played a key role in the development of the accounting profession ...

BANGKOK (AFP): Thailand’s worst floods in decades have jolted a global supply chain already straining under the impact of Japan’s tsunami, as deluged factories threaten some of the kingdom’s key export industries. The floods have killed about 300 people, damaged one-tenth of Thailand’s rice paddy and made major roads north of Bangkok impassable. Toyota, Ford, ...

Resolutions seeking reappointment of two retiring directors not passed; two new Directors rejected; four nominees of 7.6% owning BAT go throughThere was spark at the 21st Annual General Meeting of Blue Diamond Jewellery Worldwide last week with regard to the election and appointment of Directors to the Board. Ananda Wehalle and Mairus Fernando, who retire ...

By Dinali Goonewardene As International Financial Reporting Standards (IFRS) are to be adopted in Sri Lanka from 1 January 2012, a question looms as to how tax liabilities will be calculated under the new standards. The tax laws may be changed in order to fall in line with the IFRS or another set of accounts ...

By Dinali Goonewardene A luncheon presentation was held by the Association of Chartered Certified Accountants (ACCA) and KPMG Ford Rhodes Thornton on ‘International Financial Reporting Standards Implementation – The Next Steps,’ with the aim of promoting knowledge of IFRS before their adoption in Sri Lanka in January 2012. Speaking at the presentation V. Venkataramanan, Executive...

The Taprobana 4×4 challenge, the country’s premier off-road race, this year powered by Etisalat will see 30 participants test their limits through some of the toughest terrains of the Uva Province. Come race day on 7 October through to the 14 October, this flagship race organised by the Four Wheel Drive (FWD) Club of Sri ...

IOS says that SL can take local benchmarks to the world to grow exportsBy Uditha Jayasinghe Sri Lanka’s attempt to broaden its presence in international markets must be led with its adherence to international standards and best practices, says an international expert. The International Organisation for Standardisation (IOS) Secretary General Rob Steele told the Daily ...

The second public lecture titled ‘Convergence of Sri Lanka accounting standards with international financial reporting standards: A business perspective,’ of the Postgraduate Institute of Management Alumni (PIMA) was successfully held on 9 September 2011 at the PIM Auditorium. The welcome address was made by Dilini Wijeweera, President of PIM Alumni. Professor Uditha Liyanage, Patron a...

The Speed Racing Series jointly organised by the Ceylon Motor Sports Club, the Sri Lanka Motor Cycle Club, the Motor Racing Association and the Asian Motor Racing club will be held on 16 October 2011 at the Pannala Race track. It will be the final round of the Championship out of four rounds in total. ...

The Association of Accounting Technicians Sri Lanka (AATSL) will hold a two-day international conference from September 27 to 28 at the Hotel Galadari Colombo. The inauguration will commence at 6.00 pm on 27th September and the theme of the conference will be “Confronting the New Economic Landscape.” “This theme has been chosen to address the ...

President Mahinda Rajapaksa will inaugurate tomorrow the three-day Rotary South Asia Conference for Development and Cooperation hosted by Sri Lanka. The President will address the ceremonial inauguration on Sunday at 9 a.m. at Galadari Hotel whilst the conference will be held at Cinnamon Grand. Around 300 delegates and speakers of repute from the corporate and ...

Highly respected Managing Director and Editor in Chief of The Hindu N. Ram will be in town over the weekend to actively participate at the Rotary South Asia Conference on Development and Cooperation in Colombo from 4-6 September. Ram will moderate the first plenary session titled “Reaching within – Bonding South” on the inaugural day ...

Exponential 575% rise in comparison to FY2010’s figure of Rs. 155 m; Posts Rs. 829 m net profit attributable to equity holders; Turnover more than doubles to Rs. 10.6 b FY2012 1Q revenue up 162% to Rs. 4.4 b; after tax profit up 257% to Rs. 368 m Assets worth Rs. 34.3 b, up from ...

Several big names in business, medicine and civil society spheres are coming to Sri Lanka to attend the Rotary South Asia Conference on Development and Cooperation in Colombo from 4-6 September. Overall around 300 delegates and speakers of repute from the corporate and state sectors from the South Asia region, comprising countries, India, Pakistan, Bangladesh, ...