CFA Society Sri Lanka Learnings Announces Course on Financial Research and Analysis Essentials for Corporates with Acuity Knowledge Partners
CFA Society Sri Lanka, under the subbrand "Learnings," in collaboration with Acuity Knowledge Partners, is pleased to announce an exclusive course titled "Financial Research and Analysis Essentials for Corporates." This program is designed to equip corporate professionals with essential skills and knowledge for effective financial research and analysis, enhancing their ability to make informed decisions within their organizations.
This course offers fundamentals of essential financial metrics and their practical applications. Participants will delve into topics such as financial statement analysis, market and industry analysis, financial modeling, valuation methodologies, and risk management. Key components include understanding financial statements, ratio analysis (liquidity, solvency, profitability, and efficiency), competitor analysis, benchmarking, and building basic financial models for forecasting. The course also covers economic indicators, sensitivity analysis, scenario planning, and risk management strategies, all crucial for informed corporate decision-making.
Sri Lanka Retailers’ Association hosts 7th Annual General Meeting
The Sri Lanka Retailer’s Association (SLRA) held its 7th Annual General Meeting at Hilton Residencies on the 19th of July 2024. Outgoing President Mr. Charitha Subasinghe, opened proceedings with his address, during which he stated, “The Jan 2023 to Jan 2024 the price increases of products were about 60% higher. This has led to the contraction of the demand by about 27%. If that was the contraction for food the contraction in our other subcategories of non-food retailing would be even more significant. Furthermore, the operating costs of our retail plant is significantly higher.
The Turnover based taxes have gone up significantly. In addition to that we are also having competition from the Parallel imports. These importers do not pay the necessary taxes and thus are able to sell at a lower price. With the taxes increasing, the Parallel Import composition has increased. In addition to the impact to the Formal Retail business, the Leakage to the potential tax revenue to the Government runs into Billions of rupees. We have been as an association taking this issue with the different stakeholders. There is some progress but still a lot more to do to close it out.”
TikTok Launches New In-App Experience Celebrating Jimin of BTS’ Second Solo Album, MUSE
TikTok is excited to unveil #Jimin_Who, an exciting new in-app hub to celebrate BTS’ Jimin of 21st century pop icons BTS and his highly anticipated sophomore album, MUSE. As the leading platform for music discovery, TikTok’s new immersive hub offers BTS fans worldwide interactive experiences and access to exclusive content only available in-app.
Starting today, fans can dive into the #Jimin_Who hub by clicking on the search banner that appears alongside related terms such as 'Jimin' and 'BTS'. Fans will be presented with challenges to unlock a limited-time exclusive profile frame. Additionally, the hub features top-performing content from Jimin and a Fan Spotlight showcasing standout members of the ARMY.
