Companies still to understand new Act
The directors' remuneration and the other
benefits of the accounting period should be disclosed in the annual
report. The accounting treatment of the remuneration of directors
should be made through interest register of the Company. Partner,
Nithya Partners, Naomal Goonewardena said.
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Colombo hosts 57th PATA AGM and Board Meeting
The Pacific Asia Travel Association; the not for
profit global travel industry association serving Government tourist
offices, airlines, hotels and other travel-related companies
throughout the Asia - Pacific region, is holding its 57th Annual
General Meeting and PATA Board of Directors meetings in Colombo,
from April 4 to 7.
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Merchant Bank ventures into specialised banking
The Merchant Bank of Sri Lanka has budgeted to
earn a turnover of Rs 1.7 billion and a net profit of Rs 350 million
for the financial year ending 2009, Chairman, Merchant Bank of Sri
Lanka, Janaka Ratnayake said.
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