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| Friday, 13 June 2003 |
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Colombo to host SAFA Golden Jubilee Assembly meeting Colombo will host the 50th Assembly Meeting of the South Asian Federation of Accountants (SAFA), one of only two apex bodies of the South Asian Association for Regional Cooperation (SAARC), next month. The SAFA Assembly, comprising the heads of the eight-member associations of the Federation, is the top policymaking body for accountancy related matters in the region. Sri Lanka also hosted the inaugural meeting of the SAFA Assembly in 1984. "Being selected to host the Golden Jubilee meeting of the SAFA Assembly is an honour for Sri Lanka," said Indrajith Fernando, Vice President of the Institute of Chartered Accountants of Sri Lanka (ICASL) and Chairman of the Organising Committee for the event. "This underlines our close involvement in the evolution and elevation of accounting standards and practices in the region." Coinciding with this prestigious event, the ICASL has organised a high-powered regional conference at which five member nations of SAARC will review their progress towards compliance with International Accounting Standards (IAS), and a separate international workshop by Dr. Paul Pacter, one of the world's foremost authorities on IAS. Heavy trading on NDB, DFCC boosts Bourse Heavy buying into NDB and DFCC boosted the Colombo Bourse yesterday with the ASPI jumping to 919.1 points from 906.1 and the Milanka index to 1,696.3 points from 1,654.8. It is believed that the Captains were buying into DFCC and a foreign fund was buying into NDB. NDB contributed over Rs. one million to the day's turnover while Aitken Spence and Hayleys contributed Rs. 15 million and Rs. 12 million. Bluechips Aitken Spence, Hayleys, NDB and DFCC gained significantly. Retailers went on a buying spree to pick selected stocks and the Bluechips gained as a result. Yesterday's foreign purchases totalled Rs. 61 million while sales were only Rs. 15 million. Stockbrokers said it was a positive sign. Ferntea Ltd, Colonial Mtr, Vanik Incorp Ltd, Alliance and Ceylon Guardian were the top gainers of the day. Pegasystems Partner Excellence Award for Virtusa Virtusa Corporation said that it was the recipient of a Pegasystems Partner Excellence Award at Pegasystems annual customer and partner conference, PegaVISION 2003. Virtusa, a Pegasystems Alliance Program Services partner, was presented with a Partner Excellence Award for the Most Innovative Implementation of Pegasystems software. The conference, held at the Boston Marriott Copley Place in Boston, Massachusetts, showcased the latest trends in business process management (BPM) and business rules technology. The Partner Excellence Award for the Most Innovative Implementation of Pegasystems software is given to a partner that has implemented Pegasystems software for an end-user customer in a new industry. Selection criteria included evaluation of the degree of complexity in the underlying business process automation and level of integration with other solutions. Over the past year, Virtusa has partnered with us to help deliver the benefits of our smart BPM solutions to the marketplace through their innovative implementation of a solution built on PegaRULES Process Commander. We are excited to honour them with this award, said Samir Gulati, Vice President of Global Marketing, Pegasystems. Virtusa is a thought leader in the IT outsourcing industry and we are proud to work with them, he said. John Gillis, Virtusas executive vice president accepted the award on behalf of Virtusa at the PegaVISION awards ceremony. Virtusa is a leading next generation technology service provider leveraging unique Productisation expertise over a global delivery model. Committed to enhancing competitive advantage, Virtusa brings immense time and cost efficiencies to Global 2000 enterprises and industry leading software product clients by building product-class solutions leveraging globally distributed engineering teams. Since its inception in 1996, Virtusa has had a proven track record of delivering over 500 products and enterprise solutions that have created tangible, strategic and lasting value. Virtusa's unique value proposition in consulting and outsourcing services is validated by its 100% referenceable client base. |
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