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CSE announces Vindhya Jayasekera as CEO-designate

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The Colombo Stock Exchange (CSE) yesterday announced the appointment of Vindhya Jayasekera as the Chief Executive Officer (CEO)-designate, effective 1 January 202

Jayasekera will succeed the incumbent CEO Rajeeva Bandaranaike, who is due to retire during the course of 2025 after serving for 11 years in that capacity.

Jayasekera brings over two decades of extensive experience in capital markets, encompassing both buy-side and sell-side expertise across the investment banking and asset management industries.

Prior to her appointment at the CSE, she served as the Chief Investment Officer at NDB Wealth Management Ltd., where she led the asset management division, overseeing assets under management exceeding Rs. 380 billion. During her tenure, she managed over Rs. 100 billion in mutual fund assets across eight funds with diverse risk-return profiles, incorporating investments in Treasury bills, bonds, debentures, corporate debt, and equity instruments.

Her career in finance began at NDB Investment Bank, and from the outset, she was an integral part of the teams that contributed to the successful execution of the two largest initial public offerings (IPOs) in the history of the CSE at the time. Jayasekera was also selected as a Summer Associate at Lehman Brothers, USA, in 2007, under the prestigious ‘Fulbright–Lehman Brothers Outstanding New Leaders in Finance’ scholarship program.

In addition to her professional roles, Jayasekera serves as a visiting lecturer and resource person for many prominent academic and professional institutions, including the University of Colombo, the Financial Services Academy of the Securities and Exchange Commission of Sri Lanka (SEC), and the Centre for Banking Studies of the Central Bank of Sri Lanka. She delivers lectures on financial markets and related subject areas.

Jayasekera is a CFA Charter holder and a certified Financial Risk Manager (FRM) accredited by the Global Association of Risk Professionals. She is also an Associate Member of the Chartered Institute of Management Accountants (ACMA) and holds the Chartered Global Management Accountant (CGMA) designation.

She is a recipient of the prestigious Fulbright Scholarship, under which she earned her Master of Science in Finance from the University of Illinois at Urbana-Champaign, USA, graduating with a medal for academic excellence. Her academic foundation was established at the University of Moratuwa, where she graduated with First Class Honours in Bachelor of Science in Civil Engineering.

(ft.lk)

(This story, originally published by ft.lk has not been edited by SLM staff)

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SL President holds talks with globally renowned Chinese companies (Pics)

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During his four-day state visit to China, President Anura Kumara Disanayake held a series of strategic discussions with several globally acclaimed leading Chinese corporations following his participation in an investment forum organized by both public and private sector entities in China.  

Among the prominent companies involved in these discussions were the China Communications Construction Company Ltd (CCCC), China Petrochemical Corporation (SINOPEC Group), Metallurgical Corporation of China Ltd (MCC), Huawei and BYD Auto.  

President Disanayake highlighted the investment opportunities available in Sri Lanka and assured these corporations that the government is committed to providing all necessary facilities and support to investors to foster a business-friendly environment.  

Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath and Minister of Transport, Highways, Ports and Civil Aviation Bimal Rathnayake also participated in these significant engagements.  

(President’s Media Division)

Ms. Yu Ling –  Director – BYD
Mr. Wang Tongzhou – Chairman – China Communications Construction Company Ltd (CCCC)
Ms. Shi Dai – Director and President – China Merchants Group (CMG)
Mr. Ma Yongsheng – Chairman – Sinopec Corp
Mr. Jeff Wang  – Senior Vice President – Huawei Technologies Co. Ltd.

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Tamarind prices skyrocket

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A shortage of tamarind in the local market has led to retail prices soaring above Rs. 2,000 per kilogram in the Hatton area, reports say.

The retail price of a Tamarind kilo previously ranged from Rs. 350 – Rs. 400. 
According to traders, the shortage is attributed to a poor tamarind harvest this season.

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New tax percentages for imported vehicles announced

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The government has announced the import tax percentages applicable to vehicles imported from February 2025.

According to the gazette notification issued in this regard, excise duties ranging from 200% to 300% have been imposed on vehicles. 

The gazette, issued by the President in his capacity as the Minister of Finance, is as follows : 

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