SportHameed Al Hussainie and Zahira College Colombo will clash in the grand final for the President Cup Schools Invitational Football final to be played at the Racecourse ground on Sunday (18). Both teams have met twice including a final in the past in this tournament and on both occasions Zahira had the better of Hameed Al Hussainie. Hameed Al Hussainie capable of turning the tables are all out to take revenge on Zahira for the two losses in the past. This tournament is organised by the 80 club of Hameed Al Hussainie for the 11th time in running. Hameed Al Hussainie (from): M.F.M.
March 18, 2018 03:56 UTC
SportUnbeaten Citizens Development Business (CDB) and unbeaten Kanrich Finance (Kanrich) 'B' reached the finals of the 7th Prestige Automobile (Pvt) Ltd. sponsored 'BMW-Hyundai' Trophy, MCA 'C' Division 50-Over League Tournament 2018. In the rain-interrupted semifinals played last Saturday, CDB had a close call, before gaining a 2-wickets win over Nations Trust Bank (NTB) 'A' whilst Kanrich 'B' had an easy 9-wickets win over PABC Bank (PABC). CDB’s win was initially fashioned by Shaluka Silva (6.1-0-24-5) restricting NTB 'A' to 193 in 44.1 overs. Another sterling all-round performance by Tharushan Iddamalgoda (4/29 and 52 not out) steered Kanrich 'B' to a resounding 9-wickets win over PABC. The final between CDB and Kanrich 'B' will be played this weekend at the MCA grounds, commencing 10.00am.
March 18, 2018 03:56 UTC
SportThe Inaugural West Coast Trolling Competition, the flagship event of the Ceylon Sport Fishing Club will be held on March 25 at the Coast Guard Life Saving Premises in Wellawatte. Formed in September 2013 the Sri Lanka Sport Fishing group has attracted the best anglers in Sri Lanka from all parts of the Island. Over 50 competitors will sail out to Sea in search of the game fish that is a popular sport around the world. The International Game Fishing Association which is the world governing body for sport fishing in the world will also have their local representative in Sri Lanka Philip Weinman, who will be in attendance. Ceylon Sport Fishing Clubs’ General activities include promoting awareness and conservation of Sri Lankan fisheries and the coastal environment and also representing the interests of sport and game fishing at a national level.
March 17, 2018 20:26 UTC
More importantly, he helped Sri Lanka draw the match, sharing an unfinished 94 runs for the sixth wicket with Niroshan Dickwella. But it was that impressive fight in the third Test that helped Sri Lanka to end the series on a high. “To be very honest, I was really frustrated at times,” Roshen confessed. He resisted the lure of money only because of a hunger to represent Sri Lanka at least once in his life. “I lost hope at times,” Roshen, a devout Christian who lives a life of prayer, said.
March 17, 2018 20:26 UTC
PABC sees accelerated growth in 2017 View(s):Pan Asia Banking Corporation PLC (PABC) has seen increased profit in 2017, “demonstrating the resilience in operating in a challenging market place where the margins came under pressure and the growth moderated,” the bank said in a media release. Pre-tax profit was Rs.1.88 billion while post tax profit was recorded at Rs.1.4 billion, up by 11 per cent from the previous year. PABC CEO Nimal Tillekeratne said that the overall performance of the bank in 2017 reflects its managed growth in advances due to certain conscious decisions taken with the objective of improving asset quality and other operational aspects. Despite the temporary slowdown in our bottom-line and the portfolio performance in 2017, we reached certain important milestones during the year. During 2017, the bank accomplished a key milestone in crossing a Rs.100 billion advances portfolio to end the year with a gross loans and receivables book of Rs.111.4 billion.
Compromise on Audit Bill: Ministry Secretaries could impose surcharges By Chandani Kirinde View(s): View(s):The power to impose a surcharge to recover losses caused due to fraud, negligence, misappropriation, or corruption from officials has been vested with the Chief Accounting Officer (CAO) — Ministry Secretaries or other officials of the relevant government institution — in the final version of the National Audit Bill. While in a Government Ministry it can be the Ministry Secretary, in Government institutions it can be the Chairman, General Manager or someone in a similar senior position. For almost four years, the Bill went to and fro between the Legal Draftsman’s Department and the Cabinet. The National Audit Bill provides for the powers, duties and functions of the Audit Service Commission, the establishment of the National Audit Office and the Sri Lanka State Audit Service. The CAO can then impose the surcharge on the value of the deficiency or loss in every transaction.
Nine CIMA employees allege they were threatened and forced to resign View(s):The Chartered Institute of Management Accountants (CIMA) Sri Lanka branch is embroiled in controversy over the termination of the services of nine staff members under what these employees claim was severe duress. They were also allegedly warned that they would not receive their statutory payments or a service letter unless they immediately complied. All CIMA Sri Lanka employees were summoned to a meeting on February 21, according to details already on record. The officials gave the shortlisted group a prepared resignation letter, a receipt of acceptance of resignation letter and a receipt of service letter. The process was led by three CIMA members, the employees say, violating ethics and good governance codes they are bound to follow as members.
WM M & Co is among 24 Perpetual Group companies whose bank accounts were frozen earlier this year by the Central Bank of Sri Lanka (CBSL). Thus, it remained within the total overdraft facility accorded by this private bank to WM M & Co. Prosecutors, therefore, proceeded on the footing that illegal earnings from the irregular bond transactions had gone from PTL accounts to WM M & Co. Separately, two PTL accounts at the Central Bank containing a total of Rs 12.5bn–including Rs 7.5bn in cash and the rest in securities–remain frozen. Four lawyers have sent in invoices amounting to Rs 48mn, Rs 24mn, Rs 25mn and Rs 15mn respectively, they revealed.
Sweeping changes in income tax system from April 1 By Damith Wickremasekara View(s): View(s):Enhanced fines and penalties, including an increase in jail terms, and new areas of taxation, are among the highlights of the new Inland Revenue Act to be implemented from April 1, a senior official said. The Inland Revenue Department’s Deputy Commissioner General, Nadun Guruge, told the Sunday Times there would be key changes relating to income tax to achieve the Government’s target of Rs. Failure to maintain proper records will make the person liable to a penalty of Rs 1,000 a day. Under the Capital Gain Tax system which is being reintroduced after 15 years, if a person sells a land owned by him or her, the person will be liable for the tax. One of the main benefits of the new scheme will be the raising of the level of taxable employment income from the current Rs.
Taking audiences back in time with ‘Anything Goes’ By Purnima Pilapitiya View(s): View(s):The snappy, familiar tune of “Anything Goes” has found fame with jazz legends like Frank Sinatra, Ella Fitzgerald and even sneaked into action movies like Indiana Jones and the Temple of Doom and serious dramas like “The Newsroom”. Playing the foil to Esha’s sparky Reno is Shania Balapatabendi who will be taking on the role of Hope Harcourt. In the midst of the loud, spunky women of the play, Hope is the musical’s ‘young lady’ and catches the eye of Billy. What draws Billy and Hope together- Shania herself isn’t too sure, although it looks like a case of opposites attract. The British School in Colombo presents “Anything Goes” on March 22 – 24 at 7.00 pm at the British School Auditorium.
HNB explores S. Asian and S. East Asian expansion By Duruthu Edirimuni Chandrasekera View(s): View(s):The Hatton National Bank (HNB) is scouting for opportunities to expand into countries in South Asia and South East Asia, a top official said. “With our strong capital base and expertise in all spheres of financial intermediation, we continue to explore opportunities for regional expansion into countries in South Asia and South East Asia,” Jonathan Alles, Managing Director/CEO HNB told the Business Times. He was speaking on the sidelines of the HNB investor forum on Tuesday at HNB Towers. HNB 4Q2017 results were supported by lower taxes. HNB’s 4Q2017 profit before income tax was 1 per cent year on year (YOY) to Rs.
Striding the English academia without losing his Sri Lankanness With a new book on poetry and literary criticism just released, Prof. D.C.R. Between those earlier booklets and the new offering, Professor DCRA enjoyed an academic career distinguished for a Sri Lankan. Between those earlier booklets and the new offering, Professor DCRA enjoyed an academic career distinguished for a Sri Lankan. Salman Rushdie was another writer with a special appeal to Prof. Goonetilleke, who enjoys working on those ‘difficult’ writers. The other aspect of his academic life had been Sri Lankan English literature.
The research community of Germany is comprised of higher education institutions and non-university research institutes which include internationally renowned research organisations such as the Max Planck Society, the Fraunhofer Society, the Helmholtz Association and the Leibniz Association. The Max Planck Society (German: Max-Planck-Gesellschaft) is a national and international icon of research and is generally considered a leading basic research organisation in Europe. The Max Planck Society was founded in 1948 and named in honour of the world-famous physicist and former president of the Kaiser Wilhelm Society, Max Planck (1858–1947), who developed the Quantum theory and the mathematical construct named Planck’s constant in physics of radiation emitted by a glowing body. Konrad Lorenz (Nobel Prize in Medicine-1973), Georges Köhler (Nobel Prize in Medicine-1984), Christiane Nüsslein-Volhard (Nobel Prize in Medicine-1995), Theodor Hänsch (Nobel Prize in Physics-2005), Gerhard Ertl (Nobel Prize in Chemistry-2007) and Stefan Hell (Nobel Prize in Chemistry-2014) are, to name a few, renowned scientists who have been honoured with this prestigious award. The establishment of International Max Planck Centres and Partner Groups are some further programmes initiated with the aim of broadening the research horizons of Max Planck Society at an international level.
‘Maname’ in Horana View(s):Professor Ediriweera Sarathchandra’s ever popular play ‘Maname’ will go on the boards at 3.30 pm and 6.30 pm on March 30 at Sripali auditorium in Horana. The first stylist play produced by Prof. Sarathchandra, ‘Maname; was first staged in 1956 and it won rave reviews and many acclaims. Considered as the first real Sinhala stage play, ‘Maname’ marked the transition from traditional Sri Lankan fold drama like Nadagam to modern drama format. Tickets are available at theatre gates.
NEGC to host International Inter-Club Golf Tourney on March 31 View(s):In a bid to promote one of Asia’s oldest Golf courses and the most scenic in Sri Lanka, the Nuwara Eliya Golf Club (NEGC) will conduct an Inter-Nation Tournament on March 31, with over 14 overseas Golf Clubs expected to participate. “The players are senior Members of Golf Clubs in their respective countries, most of whom are Golf enthusiasts. The NEGC has reciprocal status with most foreign Golf clubs,” said NEGC Secretary Priyanga Hapugalle. Each team can field a maximum of 24 players of men and women Golfers with a valid Club handicap. According to the organisers, any player with a valid Club handicap can take part at this inaugural International tournament.