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A salutary reader interest on share market regulation A reader of the previous week’s My View titled ‘SEC: Not a mere watchdog, but a bloodhound mandated to bite’ has raised an important issue with this writer. He has asked the question why it is necessary to have a regulator to police the financial markets and ...
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
A historic battle took place in the Kande Uda Rata Rajadhaniya, in the course of one of the many invasions by the Western colonial powers who once occupied what was known as the Maritime Provinces of Lanka, at the site of the ford at Wagolla village, a crossing point of the Mahaweli river on one ...
Government’s commitment: Will improve state enterprises The Annual Report of the Ministry of Finance and Planning for 2011, just released, has, among many others, one important positive message for the nation. It has reiterated the Government’s commitment, as it had done earlier too, to improving the performance of what it calls State Owned Business Enterprises ...
CHENNAI (TrustLaw): Indian villager Jaya places the bright pink, sequined, moulded C-cupped designer bra under the needle of her sewing machine and carefully stitches the seams together. The padded “Very Sexy” push-up bra which 22-year-old Jaya sews is for American lingerie retailer Victoria’s Secret – designed to give a “boost” to buyers in hundreds of ...
The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross Domestic ...
In the past a dreamer was viewed as insane, whereas especially after the world renowned Martin Luther King, Jr. people have realised that it is no longer holds true. Today the ability to win the world lies on the power of dreaming and it is very important that although we may be tempted to deviate from our dream ...
Importers secure increase in age limit for cars and commercial vehicles; higher duty to stay President Mahinda Rajapaksa yesterday stepped up the accelerator for re-conditioned vehicles agreeing to revise the recently imposed age limit rules at a meeting with importers. Responding to pleas by motorists as well as Vehicle Importers Association, the President has agreed ...
HSBC’s Big Deal Lifestyle fair, recently held at the BMICH has reportedly attracted over 17,000 visitors over three consecutive days. The lifestyle fair that catered to a wide audience, offered great discounts on various products by leading merchants along with products new to the market at very affordable prices, making it a one stop shop ...
The 26th CA Students’ National Conference organised by the Practicing Accountants Chartered Students’ Society (PACSS), the student body of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), will be held on 4 April at the Hotel Galadari – Grand Ballroom. This year’s conference will focus on the theme ‘Dream… Focus… Excel…’ which...
Abans Finance Plc was recognised by the Institute of Chartered Accountants of Sri Lanka at the Annual Report Awards ceremony – 2011 held in December 2011. The company was awarded a ‘Certificate of Compliance’ in the Finance Companies sector for its Annual Report 2010/11. Abans Finance Plc, a member of the Abans Group of Companies, ...
Charith Senanayake new manager for Aussie tour COLOMBO (Reuters): Sri Lanka have sacked coach Geoff Marsh and appointed South African Graham Ford on a two-year contract, a Sri Lanka cricket official said on Thursday. “Ford has signed a two-year contract and his first assignment is to take the team to Australia for the Commonwealth Bank ...
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 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 ...
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 ...
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 ...
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 ...
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 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...
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 ...
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, ...
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