Biz Briefs  

CIMA marks 50 years

The Chartered Institute of Management Accountants (CIMA) celebrated its 50th anniversary last week reminiscing the challenges and the achievements of its long existence in Sri Lanka. A first day cover was issued by the Philatelic Bureau of Sri Lanka and the Postal Services Ministry to commemorate this milestone.

Sri Lanka is one of the biggest markets outside the UK with 13,363 students following CIMA classes. Currently, there are 6,340 qualified, active and retired members from Sri Lanka and 2,812 active CIMA members reside overseas.

In 1988, the Sri Lanka branch was elevated to the highest rank of a Division of the UK body.

Organic export crops workshop

A workshop titled 'Cultivation and Processing of Organic Agro Crops for Export' will be held on October 14 at Hilton Colombo Residencies. This is a part of the initiatives by TJ Associates, a company offering a package of services to Sri Lankan entrepreneurs and foreign investors to promote organic agriculture.

The workshop will involve practicals, hands on experiences of resource persons, current challenges, recommendations and solution focusing on organic farming. Organizational and technical skills to benefit exporters, potential exporters, farmers, land owners, investors, horticulturists, home gardeners and even students.
 

 Maritime conference concludes

The Postal Department issued a First Day Cover and a revenue stamp to mark the Colombo International Maritime Conference which concluded yesterday, and the World Maritime Day, The United Nations (UN), via the International Maritime Organization created World Maritime Day to celebrate the international maritime industry's contribution towards the world economy, especially in shipping. Sri Lanka for the first time declared a Maritime week which will end today (27).

'Maritime Education and Training' the theme at the World Maritime Day 2015 which was marked on September 24.

Seminar on CITS

The Bar Association of Sri Lanka in collaboration with the Sri Lanka Judges Institute and the Clearing Association of Bankers will present a seminar to further familiarize the Cheque Imaging and Truncation System (CITS).

Members of the judiciary will be among the principle invitees at the event, which will take place on Friday, October 3 at the Kingsbury Hotel.

The CITS was introduced to expedite the clearing system in the country. The process of the CITS is such that instead of the submission of original documents, certified images could be forwarded for legal purposes. The CITS revolutionized the clearing system mainly by switching from a virtual manual system to a technology-based system. The primary goal of this seminar is to promote awareness of the new practices adopted by the banking industry following the introduction of the Cheque Imaging and Truncation System.