The board of directors of Union Bank of Colombo PLC announced the appointment of Yudy Kanagasabai as an Independent Non-Executive Director with effect from July 27, 2016. Kanagasabai is a renowned accountant and a fellow member of the Institute of Chartered Accountants of Sri Lanka and possesses over 35 years of experience in accounting and audit. He has been employed at PricewaterhouseCoopers throughout his career and completed his term as
Sri Lanka’s third largest general insurer by gross written premiums (GWPs), Janashakthi Insurance PLC (Janashakthi) group, increased its June quarter (2Q16) net profit to Rs. 272.5 million or 50 cents a share from Rs.105.2 million recorded a year earlier, supported by strong growth in general insurance business.
As an organization renowned for winning awards, for producing exceptional annual reports, Mercantile Investments and Finance PLC excelled in financial reporting this year once again, becoming the joint winner of the Bronze Award (Second Runner up) at the CMA Excellence in Integrated Reporting Awards 2016, surpassing cream of corporates in the process.
REUTERS: The Sri Lankan rupee traded steady yesterday as exporter dollar sales were offset by purchases of the U.S. currency by state-run banks, dealers said. The spot rupee was trading at 145.60/63 per dollar at 0653 GMT, hardly changed from Tuesday's close of 145.60/65.
Amãna Bank was awarded the Gold Award for the Islamic Finance Entity of the Year at the recently concluded inaugural Islamic Finance Forum of South Asia (IFFSA) Awards Night, cementing its leadership status in the Non-Interest based banking and finance industry in Sri Lanka.
One of India’s well known forensic technology experts, Prashant Bhat was in Colombo recently to share his insights and to educate members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on forensic accounting.
The Guardian Acuity Money Market Fund won silver at the recently concluded CFA Awards night in the category of mutual funds. This was the first time that the CFA Institute recognized the mutual funds industry for their performance.
Sri Lanka’s capital market is still at an early stage of development and therefore the establishment of a strong culture of ethical conduct is of paramount importance for faster growth in the market,
Global Entrepreneurship Week 2024 kicks off across all 25 districts
Fonterra to proceed with sale process for Consumer businesses
BOI signs US$ 12.16mn deal with Celogen Lanka
Nissan to lay off thousands of workers as sales drop
EU Ambassador meets new BOI Chief to discuss economic ties
Sri Lanka to have its first physically challenged MP in new Parliament
More than two-thirds of new parliament are first-timers
Sumanthiran who lost in Jaffna refuses nomination on National List
ITAK nominates defeated Padmanathan through national list