Business
CA Sri Lanka produces 318 new Chartered Accountants to steer the corporate world
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Thursday conferred the distinguished Associate Chartered Accountants (ACA) designation to 318 new Chartered Accountants, who will now utilize their unique and versatile skills to steer the dynamic corporate world.
The new Associate Chartered Accountants received their membership at the annual convocation held on 02nd December 2021 under the patronage of Aslam Omar, Chairman, Phoenix Ventures Limited and a Fellow Member of CA Sri Lanka who was the Chief Guest, while Manil Jayesinghe, President, CA Sri Lanka, Sanjaya Bandara, Vice President, CA Sri Lanka, Heshana Kuruppu, Chairman, Member Relations Committee and Ms. Dulani Fernando, Chief Executive Officer, CA Sri Lanka also graced the occasion at BMICH.
At the convocation, 294 existing Associate members of CA Sri Lanka, were conferred the prestigious Fellow Chartered Accountant (FCA) status, elevating them to the highest stratum in their professional careers.
Omar elaborated that when the country is at an important moment of economic revival following COVID, the new Chartered Accountants are produced at a vital time. “Each one of you, in the capacity of qualified and proficient professionals has a paramount role to play in this backdrop,” he said.
He also urged the new and existing members of CA Sri Lanka to take on an active role in making a valuable contribution in their respective professional roles, combining innovation in thinking and adoption of new technologies, which will in turn contribute towards Sri Lanka’s overall economic development and sustainability.
Jayesinghe said that Chartered Accountants possessed the ability to become anything they want, including the Governor of Central Bank and or a Chief Executive Officer. “The CA Sri Lanka qualification has no limits. If you work hard, continue to upgrade your skills, and can think out of the box, the sky is indeed the limit,” he said.
Jayesinghe maintained that for Chartered Accountants, immaterial whether they are a fellow or associate member, CPD also known as Continuing Professional Development is a mandatory requirement. “Apart from the fact that CPD is a commitment to continuously improve yourself professionally, the core benefit of CPD is improving public trust, especially because we are known to play an important role in helping safeguard trust within society. Thus, CPD plays an important role as it is aimed at enhancing public confidence by continuously raising professional standards,” he said.
Addressing the 58th Annual General Meeting of The Hotels Association of Sri Lanka (THASL) held on Monday (27) at Shangri-La Hotel, Colombo, President Ranil Wickremesinghe outlined a comprehensive strategy to propel the country’s tourism sector to new heights. Focused on surpassing the target of 5 million tourists and redefining traditional approaches, the President’s vision extends to achieving 7.5 million visitors in the coming years. The President emphasized the need for innovative thinking and collaboration within the industry to ensure sustainable growth.
“When I took over the government, I realized that sustainability alone is not sufficient. How are we going to earn foreign exchange? How are we going to have a positive balance of trade? In that, there were many suggestions. But what is the low-hanging fruit? And one of the low-hanging fruits was tourism. Let’s promote tourism fully,” President Wickremesinghe declared.
The President acknowledged the need to move beyond the existing framework and embrace competition to elevate Sri Lanka’s standing in the global tourism market. Drawing parallels with countries like Vietnam, he questioned why they had more tourists despite being in the industry for a shorter period. President Wickremesinghe stressed the importance of increasing the number of tourists to 2.5 million in the upcoming year and subsequently expanding on this figure.
(PMD)
Business
Free visas for nationals of China, India, Indonesia, Russsia, Thailand, Malaysia and Japan from Monday (27)
The Controller General of Immigration and Emigration has stated that nationals of China, India, Indonesia, Russsia, Thailand, Malaysia and Japan will be granted free visas from Monday 27-11-2023 to 31-03-2024 as a pilot program to rebuild the tourism industry.
Nationals of the above nominated countries possessing, Diplomatic, Official, Public Affairs, Services and Ordinary Passports are eligible to enjoy a visa free regime under this scheme.
The above mentioned nationals should apply for Electronic Travel Authorization (ETA) before arriving in Sri Lanka subject to granting / issuing free of charge up to 31-03-2024.
Under this scheme tourists can enjoy a 30 days free visa period and a double entry facility is permitted within 30 days from the date of first arrival in Sri Lanka.
Free ETA under this scheme can be applied up to 31-03-2024.
The free ETA cannot be extended further and is limited only to thirty (30) days. In case the free ETA period of 30 days expires after 31-03-2024, an extension of visa could be applied subject to paying the appropriate fee.
The Minister of Economy and Planning for the Kingdom of Saudi Arabia. Faisal F. Alibrahim, met with President Ranil Wickremesinghe on Monday (27) at the Presidential Secretariat.
During the discussions, Minister Faisal F. Alibrahim emphasized Saudi Arabia’s keen interest in strengthening economic ties with Sri Lanka across various sectors, including apparels and tourism. He elucidated that his government was focused on expanding economic relations within the region and regarded Sri Lanka with significant importance.
President Ranil Wickremesinghe welcomed the Minister’s comments, asserting that Sri Lanka is actively promoting enhanced cooperation in Asia, including West Asia. He further highlighted that the tourism and agriculture sectors were areas open to greater investment, as the country is committed to modernizing these domains.
(PMD)
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