CFA Society Sri Lanka announces appointment of new CEO, Aruna Alwis
CFA Institute has earned an important reputation as a professional organization providing finance education to investment professionals. Recently, CFA Society Sri Lanka (CFASL) announced the appointment of Aruna Alwis as its new Chief Executive Officer to help drive its vision forward.
Prior to joining CFASL, Aruna Alwis served as Chief Executive Officer/Secretary of The Institute of Chartered Accountants of Sri Lanka, Director Operations of Chartered Institute of Management Accountants Sri Lanka, and CEO of the Federation of Information Technology Industry Sri Lanka. Aruna Alwis received his Executive Education from INSEAD, IIM Bangalore, Open University UK, and DCAAP Philippines. He is a professional member of the British Computer Society, UK and holds a Diploma in Business Administration from the University of Colombo and a MBA from Warnbourgh University, UK.
CFASL is set to play a more influential role locally under his Executive Leadership in the coming months, with a series of new programs helping to further strengthen the Finance and Investment industry. It is believed that these initiatives will help reinforce the industry locally and enhance its regional and international links further.
The Capital Market Awards, Research Challenge competition, Women in Finance initiatives, Candidates council events and 20th Anniversary Celebrations are some of the league events being organised by CFASL to support the enhancement of skills and competencies of the country’s Finance and Investment professionals and the industry as a whole.
President of CFASL Dinesh Warusavitharana commented on the appointment of Aruna Alwis: “The appointment of the new CEO marks an exciting time for growth and development as CFASL celebrates its 20th Anniversary.” He said, “Aruna is the right leader for CFASL due to his extensive corporate relationships spanning Finance, Accounting, ICT, Education, Media, and the Government. This ties together with his wide international exposure and proven business development skills. We have no doubt that his expertise will help CFASL strengthen its position both locally and internationally, and develop strategic alliances, as well as foster the Finance and Investment industry in Sri Lanka.”
Brenda Hou, CFA Institute’s Senior Director of Society Relations, Asia Pacific, said, “This senior executive appointment marks an important milestone in CFA Society Sri Lanka. Our CFA Societies primarily operate as volunteer-run, not-for-profit organizations. This appointment allows CFA Society Sri Lanka to expand its engagement with members, candidates and the industry more broadly, to fulfil our shared mission of promoting the highest standards of ethics, education and professional excellence across the financial services industry.”
Aruna Alwis said he is excited to join CFASL, which, he said, comes at a very critical time, with the Investment industry rooting for development in leaps and bounds. “I am looking forward to working with all the stakeholders to develop a portfolio of services that attracts, retains and involves members at all stages and supports the Finance and Investment, and business community, including the Government of Sri Lanka,” he said.
Oil prices rise as Saudi Arabia pledges output cuts – Opec+
Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices.
Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July and Opec+ said targets would drop by a further 1.4 million bpd from 2024.
Opec+ accounts for around 40% of the world’s crude oil and its decisions can have a major impact on oil prices.
In Asia trade on Monday, Brent crude oil rose by as much as 2.4% before settling at around $77 a barrel.
The seven hour-long meeting on Sunday of the oil-rich nations, led by Russia, came against a backdrop of falling energy prices.
Total production cuts, which Opec+ has undertaken since October 2022, reached 3.66 million bpd, according to Russian Deputy Prime Minister Alexander Novak.
Opec+, a formulation which refers to the Organization of Petroleum Exporting Countries and its allies, had already agreed to cut production by two million bpd, about 2% of global demand.
Manpower services agency wins accolades for its contribution to foreign employment sector
Its MD says. ‘go abroad only if you can work hard’
Siraj Manpower Services, one of Sri Lanka’s leading foreign employment agencies, was honoured with the Three-Star Award at the ‘Golden Awards’ 2023, organised by the Sri Lanka Bureau of Foreign Employment (SLBFE). This award ceremony was organised to honour foreign employment agencies that have made a significant contribution to the development of the foreign employment sector, which is a major source of foreign exchange for Sri Lanka. Siraj Cafoor, Managing Director of Siraj Manpower Services, was presented with the award at the award ceremony which was held at the BMICH in Colombo under the patronage of Minister of Foreign Employment and Labour Manusha Nanayakkara.
Having been established in 2002, Siraj Manpower Services (www.sirajmanpower.lk) has earned a reputation in the field of foreign employment by winning the trust of customers for more than 20 years. It has been offering job opportunities in the Middle East countries such as Kuwait, Qatar, Dubai and Saudi Arabia, and Malaysia as housekeepers, drivers, sanitation workers, labourers and also jobs related to the apparel industry. All these workers are entitled to approved salary scales certified by the SLBFE.
“We always stand for the safety of workers who go abroad through our organisation. We work to solve the problems that arise in relation to the contracts that the workers have entered into. I must mention something special to those who go abroad for employment. That is, you should keep in mind that you go abroad only to work. Go abroad only if you can work hard. You have to remember that you are going abroad to earn some more money and achieve the advancement of your family.” said Siraj Cafoor.
Ports Minister invites Singaporean investors to develop Colombo North Port
The Minister of Ports, Navigation and Aviation Nimal Siripala de Silva was on an observation tour on 3rd of June to witness the operations and development of Singapore’s main port. During the tour, he had a special discussion with the head of PSA International Private Company which carries out the operations and development of the Singapore port.
Won Chee Fung, CEO of the company’s Middle East and South Asia arm said if there are investment opportunities for development and operations in the ports of Sri Lanka, they would like to apply for them.
The Minister told him that since the government has planned to start the development of the North Colombo Port, a suitable investment plan and proposal could be made for it. He also requested the heads of PSA International Private Company to provide a suitable proposal for the development of Trincomalee Port.
PSA International is one of the few largest companies operating in ports in the world, and 37,000 million containers are handled per year in Singapore’s main port alone.Officials including Assistant Vice President of PSA Company Lim Wei Chang, Chairman of JCT Oil Bank Company, Lakmal Ratnayake and representatives of the Sri Lankan Embassy in Singapore also participated in this discussion.
Developing and underdeveloped countries are paying the price for the wrong policies of some developed nations – Narendra Modi
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