The international and domestic industry is shocked as to how foreign companies are not required to comply with mandatory requirements by Acts of Parliament to obtain licenses, or laws designed to provide reinsurance broking services in Sri Lanka. They are also exempt from taxation, regulatory controls, regulatory costs and levies.
A flurry of competitive action was witnessed at the Nuwara Eliya Golf Club (NEGC) with players battling it out for top honours in several April tournaments. The 2024 edition of the Keith Rollo had a new champion crowned in Indrajith Fernando, an Old Thomian, veteran chartered accountant and thought leader...
“Broadway: The Greatest Showdown” Dinner Dance on February 22, will be the piece de resistance when Corporate Colombo gathers to celebrate the 65th the anniversary of Chartered Accountants. “The stunning brand new Cinnamon Life will transform for the first time into a vibrant stage, hosting an unforgettable evening that promises...
A permanent injunction has been issued by the District Judge of Colombo, Sandun Vithana, effectively forbidding illegitimate foreign entities not registered locally, and as insurance brokers, from offering any insurance-related services in the country. The complainant in this case, Strategic Insurance Brokers (SIB), sought an enjoining order against JB Boda & Co of Singapore...
Industry Appeals to the President Dissanayake to Revoke Award of illegitimate re-insurance Contracts A permanent injunction essentially forbidding illegitimate foreign entities not registered locally, and as insurance brokers, from offering any insurance related services in the country has been issued by the District Judge Colombo, Sandun Vithana . The complainant...
The Civil Appellate High Court of Colombo has ruled against J B Boda, a Singapore based brokering Company in what insurance industry watchers see as a landmark judgment. JB Boda asserted in Court that it was entitled to function as a broker in Sri Lanka though not duly registered as...
Sri Lanka finds itself at a critical juncture, with current economic strategies largely consisting of piecemeal initiatives aimed at empowering small and medium enterprises (SMEs) and fostering international investment. Programs like the Sri Lanka Export Excellence Initiative (SLEEI) 2025, backed by the Sri Lanka Export Development Board in collaboration with...
Photo Left to right: Micheal Hu Manager – Investment Promotion and Marketing CHEC Port City, Lakmini Wickramasinghe – Manager Sib, Omardeen Azardeen – Manager Sib, Chief Marketing Officer, CHEC Port City, Indrajith Fernando – Managing Director – Sib, Blair Lan – Director China Markets in Sri Lanka, Nishan Silva – Chief...
Independent financial advice in these times is essential and prudent Lay aside any money you get in any substantial tranche for taxes, said Mr. R.Gajendran tax-specialist and Chartered Accountant (CA) at a recent seminar titled ‘Individual Financial Planning and Crisis Management’ organized by Beyond Wealth Pvt Ltd. The seminar held at BBQ Station Colombo, offered insights to clientele on how to manage domestic and small business budgets in times of economic stress amounting to a limbo, until the...
