KPMG webinar on ‘Port City Act: An in-depth analysis’ on 6 August Source:-www.ft.lk The KPMG Academy will present the 23rd virtual session of the ‘Friday Mid-Afternoon Chat’ series on 6 August at 3 p.m. This session will have KPMG experts deliberate on ‘Port City Act: An in-depth analysis (including tax ramifications on distinct scenarios)’. The Colombo Port City Economic Commission Act, No. 11 of 2021 was certified on 27 May. The enactment of the Port city Act with exemptions from statutes listed in ‘Schedule III’ and  scope for exemptions to be granted (within a set framework)  from the Statutes in ‘Schedule II’ of the Act has many permutations and combinations for prospective investors, residents, and other stake holders. This webinar will analyse these interesting aspects. An in-depth understanding of the key provisions of the Act is of utmost importance for decision makers to strategise the future path of their respective ...

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CSE Signs MoU with CHEC Port City Colombo   The Colombo Stock Exchange (CSE) and CHEC Port City Colombo signed a Memorandum of Understanding (MoU) to enhance the capital markets in Sri Lanka by taking advantage of the Port City Colombo’s special emphasis of the Colombo International Financial Center, in order to establish a regionally recognized financial exchange within the country’s borders. The MoU was signed with the objective of working on a collective mission to establish an International Multi-Currency Exchange within the Port City Colombo. The exchange will serve as a gateway for both regional and global investors, whilst also providing an ideal platform for Sri Lankan and overseas corporates to issue foreign currency bonds and equities as well as develop other financing and risk management instruments across asset classes. CHEC Port City and the CSE will actively collaborate to identify and attract a global stock exchange to partner ...

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