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Bluestone 1 buys Melsta Regal Finance

Bluestone 1, a subsidiary of Bluestone Capital, owned by Ajit Gunewardene acquired Melsta Regal Finance, a company owned by Melstacorp PLC, and it was renamed as Fintrex Finance. Fintrex Finance is 100 percent owned by Bluestone 1 under a Board comprising Founder and Chairman Ajit Gunewardene, non-independent/non-executive directors Ronnie Peiris, Shantanu Nagpal, Mahendra … [Read more...] about Bluestone 1 buys Melsta Regal Finance

Customs TU action cripples Colombo business – Daily Mirror

 Food importers and wholesalers shut their shops in the capital city yesterday, demanding the government to resolve trade union action by Customs officials. Picture shows a labourer sleeping on a cart in a street in Pettah without any work. However, following discussions with the Finance Minister and the President last night, Custom trade unions had called-off all trade union … [Read more...] about Customs TU action cripples Colombo business – Daily Mirror

Investments in human resources, only way to overcome economic hurdles, says Eran

Sri Lanka has never defaulted on loans and it will never happen under this government which has taken steps to honour all its debt obligations, said State Minister of Finance and Mass Media Eran Wickramaratne, elaborating on the country’s external debt position at the 60th Annual General Meeting of the National Chamber of Commerce of Sr Lanka (NCCSL) in Colombo last week. He … [Read more...] about Investments in human resources, only way to overcome economic hurdles, says Eran

CIPFA London recognises CPFA Sri Lanka qualification

The Chartered Institute of Public Finance and Accountancy, London, (CIPFA), one of the six leading bodies in the UK and the only world body of professional accountants offering public finance qualification, has recognised Sri Lanka’s CPFA (Chartered Public Finance Accountant) qualification and granted it membership status. President, Public Sector Wing of the Chartered … [Read more...] about CIPFA London recognises CPFA Sri Lanka qualification

German business morale worsens as slowdown fears grow – Daily Mirror

FRANKFURT (AFP) - German business confidence fell to a nearly three-year low in January, a closely-watched survey said yesterday, in the latest sign of waning momentum in Europe’s top economy.The Munich-based Ifo institute’s monthly barometer slipped to 99.1 points from 101.0 in December, to hit its lowest level since February 2016.The decline was worse than analysts surveyed … [Read more...] about German business morale worsens as slowdown fears grow – Daily Mirror