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Reuters: Sri Lanka beat New Zealand via Super Over in the first Super Eight stage match of the Twenty20 World Cup at the Pallekele International Cricket Stadium on Thursday. Opting to bat first, New Zealand posted 174 for seven wickets after Rob Nicol (58) and Martin Guptil (38) had provided them a strong start. Sri ...
Reuters: Yuvraj Singh was denied a fairytale comeback from serious illness as New Zealand beat India by one run in a see-saw Twenty20 International to win the two-match series on Tuesday. Brendon McCullum’s 55-ball 91 lifted New Zealand to a total of 167 for five and India finished on 166 for four to give the ...
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 ...
Last week I had the opportunity of meeting the Maldivian business delegation that was in Sri Lanka with their Head of State to sign a series of bilateral agreements with the Government of Sri Lanka. One CEO of a large resort chain in the Maldives said the climate change issues that the Maldives is up ...
Hambantota (Sri Lanka): A rejuvenated India would look for a winning start to the new season but the task would be easier said than done against a strong Sri Lanka as the two sides clash in a five-match ODI series starting here tomorrow. Barring the Indian Premier League, Mahendra Singh Dhoni’s India have not been ...
The International Fiscal Association Sri Lanka (IFASL) branch will hold a seminar on Taxation at the Hotel Ramada on 7 August from 9a.m. to 100 p.m. The objective of the seminar will be for the participants to receive firsthand information about the amendments to the Inland Revenue Act, Value Added Tax Act and other Acts ...
Ford Motor Company unveiled the highly anticipated all-new Ford Ranger at the Ceylon Motor Show 2012, where Sri Lankan consumers will be able to see and experience the redesigned vehicle for the first time. The class-leading compact pickup truck has been completely reinvented, offering superior performance, safety, technology and quality. Ford returns to the Ceylon ...
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 ...
Round two of the Speed Championship 2012 organized by Sri Lanka Motor Cycle Club will start off on May 27 at the Pannala International Circuit commencing at 9.00a.m. Speed Championship 2012 round two will see all leading drivers and riders get involved in a battle to take the lead which is vital for them to ...
Top professional Nirmal Fernando has been appointed to the Board of Directors of Watawala Plantations Plc with effect from 17 May. Fernando is a Fellow Member of the institute of Chartered Accountants, Sri Lanka (FCA) and holds a Masters Degree in Business Administration (MBA) from IMD (Lausanne). He recently retired from the position of Managing ...
Sri Lanka’s best-selling radial tyre brand CEAT has consolidated its position in the market by adding three new sizes with improved performance features. The company said the introduction of three new CEAT radials sub-branded ‘Milaze’ increases the number of sizes in the brand’s car radial segment to eight, and more options are expected in the ...
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 ...
Ford this week announced the winning project under their Environmental Conservation and Grants program in Sri Lanka. The ‘Fire Prevention in Knuckles Forest Reserve’ project was selected as the winner after heavy jury examination and will receive up to $ 10,000 from Ford Motor Company to implement their proposal. Ford Motor Company’s Conservation and Environmental ...
HLB International, the international network of accounting firms, is holding its 2012 Indian Sub-Continent Meeting in Colombo, Sri Lanka. The event, taking place from 29 February until 3 March, will focus on regional development and business opportunities in the Indian Sub-Continent. HLB Edirisinghe & Co., Chartered Accountants will be faciliating this year’s conference here in ...
AAP: Sri Lankan captain Mahela Jayawardene claims Australia’s bowling attack is their weakness, and his batsmen will target them in Friday’s one-day international at the WACA Ground. With Brett Lee out injured and emerging stars Pat Cummins and James Pattinson still on the comeback trail, Jayawardene said Australia’s bowling attack could potentially be exposed if ...
Sydney Morning Herald: This summer’s tri-series will be played amid a backdrop of a pay dispute which sees Sri Lanka’s players owed as much as $US 5million ($4.71 million) due to a cash crisis within the country’s governing body. As Mahela Jayawardene’s team battle the world’s top two ODI sides on the field during this ...
Sri Lanka’s cricket chief on Friday defended the sacking of Australian coach Geoff Marsh and the selection of a new team captain, saying the changes would help usher in a new era of “cricketing excellence”. “We will reap the benefits of these changes in the fullness of time,” Sri Lanka Cricket president Upali Dharmadasa said ...
COLOMBO: Legendary Sri Lankan cricket captain Arjuna Ranatunga on Thursday slammed his country’s sacking of Australian coach Geoff Marsh as “disgraceful” and “unprofessional”. Marsh was this week replaced by South African Graham Ford. Former cricket captain Tillakaratne Dilshan (L) shakes hands with newly appointed national cricket team captain Mahela Jayawardene afte...
With debate on the future direction of audit and accounting gaining new momentum, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in association with Baker Tilly Merali’s Chartered Accountants Sri Lanka will explore an influential topic in the financial world titled ‘The Future of Audit and Accounting’ at a symposium on 30 ...
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 ...
The Members’ Benevolent Society of the Institute of Chartered Accountants of Sri Lanka has organised a seminar on taxation, scheduled to be held on Wednesday, 25 January from 8.30a.m. to 1p.m. at the Institute’s Auditorium, No. 30A, Malalasekera Mawatha, Colombo 7. The seminar will discuss the recent amendments to tax legislation proposed by the ...
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 ...
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 ...
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, ...
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 ...
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. ...
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 ...