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NEW YORK -- The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky , 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022. In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company's moves because he knew that customers “would find false comfort” with that. And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too. “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest. U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company's assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world. He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value. Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said. An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel. Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said. A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company's token. Sentencing was scheduled for April 8.
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King of Chess may now rule the world of brandsLudhiana: As Ludhiana gears up for its much-anticipated Municipal Corporation elections, the Aam Aadmi Party (AAP) has declared its readiness, with a list of candidates expected to be released by Monday evening. Party leaders are banking on their governance record, including initiatives in healthcare, education, and public welfare, to secure a majority in the city’s 95 wards. District Secretary Paramveer Singh confirmed the party has conducted extensive surveys to select candidates in collaboration with local MLAs and district leadership. Campaigning is set to intensify, with Chief Minister Bhagwant Singh Mann expected to lead the charge. “We are highlighting our achievements—better schools, healthcare through Mohalla Clinics, relief from electricity bills, and administrative reforms,” Singh said, expressing confidence in an AAP victory. Candidates gear up While the official list of candidates is pending, some hopefuls have already initiated door-to-door outreach and public meetings. AAP District (Urban) President Sharanpal Singh Makkar revealed that over 300 applications have been received from aspiring candidates. “We’ve provided detailed feedback to the high command after consulting MLAs and district teams. The momentum will only grow as nominations are filed,” he said. MLA Kulwant Singh Sidhu from Atam Nagar, which comprises 12 wards, echoed the party’s optimism. Sidhu cited public support garnered during recent by-polls and AAP’s focus on free power, clean drinking water, and free bus transport for women. “We aim to win all the wards in Ludhiana and secure the mayor’s position,” he said, adding that it is ultimately up to the voters to decide. Grassroots activity gains momentum Even before formal nominations, potential candidates in areas like Haibowal, BRS Nagar, and Rajguru Nagar have increased their visibility, reactivating local offices and engaging directly with residents. According to Makkar, these candidates have been working in their wards for over a year and are leveraging this groundwork for the elections. AAP leaders emphasized that having both state government backing and party-aligned councilors would lead to effective governance. “Previously, the councilors were from Congress, and work was not carried out properly. Now, with our councilors and state government, development will proceed efficiently,” Makkar said. We also published the following articles recently BJP leader Pravesh Ratan joins Aam Aadmi Party (AAP) In a political turnaround, BJP's Pravesh Ratan, a former Patel Nagar constituency candidate, switched allegiances to AAP on Wednesday. He joined AAP leaders Manish Sisodia and Durgesh Pathak at the party headquarters. This follows former AAP MLA Raaj Kumar Anand's move to the BJP, creating a potential rematch between Ratan and Anand in the 2025 Delhi Assembly elections. AAP considers BIP, Congress turncoats as winnable candidates Veteran Delhi politicians from Congress and BJP are likely to contest the upcoming elections as Aam Aadmi Party (AAP) candidates. Several former legislators have already joined AAP, hoping to bolster the party's position and provide experienced leadership. AAP is expected to change several sitting MLAs to combat anti-incumbency, potentially favoring these seasoned politicians. 'Broke parties, then established their own government': AAP MP Sanjay Singh slams BJP AAP MP Sanjay Singh criticized the BJP's Maharashtra Cabinet formation, alleging manipulation and party-breaking tactics. Devendra Fadnavis returned as CM, with Eknath Shinde and Ajit Pawar as Deputy CMs. Singh also condemned UP CM Yogi Adityanath's comparison of Sambhal rioters to those targeting minorities in Bangladesh. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .Stocks wavered on Wall Street in afternoon trading Thursday, as gains in tech companies and retailers helped temper losses elsewhere in the market. The S&P 500 was down less than 0.1% after drifting between small gains and losses. The benchmark index is coming off a three-day winning streak. The Dow Jones Industrial Average was up 6 points, or less than 0.1%, as of 1:52 p.m. Eastern time. The Nasdaq composite was down less than 0.1%. Trading volume was lighter than usual as U.S. markets reopened after the Christmas holiday. Chip company Broadcom rose 2.9%, Micron Technology was up 1% and Adobe gained 0.8%. While tech stocks overall were in the green, some heavyweights were a drag on the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.1%. Meta Platforms fell 0.7%, Amazon was down 0.6%, and Netflix gave up 1.1%. Tesla was among the biggest decliners in the S&P 500, down 1.9%. Health care stocks helped lift the market. CVS Health rose 1.7% and Walgreens Boots Alliance rose 3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 2.8%, Best Buy was up 2.2% and Dollar Tree gained 2.7%. Retailers are hoping for a solid sales this holiday season, and the day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. U.S.-listed shares in Honda and Nissan rose 4% and 16%, respectively. The Japanese automakers announced earlier this week that the two companies are in talks to combine. Traders got a labor market update. U.S. applications for unemployment benefits held steady last week , though continuing claims rose to the highest level in three years, the Labor Department reported. Treasury yields turned mostly lower in the bond market. The yield on the 10-year Treasury fell to 4.57% from 4.59% late Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar. Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the U.S. market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up roughly 26% so far this year and remains near its most recent all-time high it set earlier this month — its latest of 57 record highs this year. Wall Street has several economic reports to look forward to next week, including updates on pending home sales and home prices, a report on U.S. construction spending and snapshots of manufacturing activity. AP Business Writers Elaine Kurtenbach and Matt Ott contributed.
Citigroup announced on Monday that it has completed the separation of retail bank Banamex from its institutional banking business in Mexico as it prepares to list Banamex on the stock exchange. “With this separation complete, effective December 1, Citi will now operate two separate financial groups in Mexico: Grupo Financiero Citi México and Grupo Financiero Banamex,” the New York-based bank and financial services company said in a statement . “The separation into these financial groups marks a significant step in the execution of its strategic plan to simplify the firm,” the company added. Citigroup purchased Banamex – one of Mexico’s largest banks – in 2001. It announced in May 2023 that it would seek to sell Banamex on the stock exchange, ending conjecture that a US $7 billion sale to the conglomerate Grupo México was imminent . On Monday, Citigroup said that it “continues to actively work on the proposed IPO of Grupo Financiero Banamex.” The timing of the listing, it added, “will be driven by regulatory approvals and market conditions to maximize shareholder value, which remains a priority for Citi.” Reuters has reported that Citigroup has considered a dual stock listing for Banamex, possibly in Mexico City and New York. Citigroup CEO Jane Fraser said Monday that the separation of Banamex from Citi México “represents an important milestone in our simplification and brings us closer to our long-term vision of a more connected bank that is focused around our core strengths.” “We are proud to have executed this process thoughtfully and with full transparency. Our commitment to our clients in Mexico is as strong as ever, and we will continue to connect Mexico and the world through our market-leading investor and corporate client platforms,” she said. “We will now prepare for the Banamex IPO, focused on optimizing value for our shareholders.” According to the Citigroup statement, Citi México will maintain “a significant presence” in Mexico and continue to serve Citi’s institutional clients here through “a full-service bank,” Citi Banco México, and through the brokerage Citi México Casa de Bolsa. Approximately 3,000 Citi México employees will serve around 2,000 institutional clients, including “financial institutions, governments, investors, multinationals, and national companies seeking to internationalize,” according to Citigroup. For its part, Banamex will continue to operate as a full-service bank, “offering retail banking, including wealth management services, consumer loans, residential mortgage lending, deposits, payroll services, payments and a full suite of commercial banking products,” Citigroup said. “... With its digital-first mentality, innovative online banking and mobile apps and an extensive network of approximately 1,300 branches and more than 9,100 ATMs across the country, Banamex will continue to offer a full range of financial services to nearly 20 million clients, furthering its 140-year legacy in Mexico,” the company said. “Over 39,000 employees currently supporting these businesses, as well as Banamex’s art collection and historical buildings, and the social and cultural associations ( Fomentos ), will continue to be part of the Banamex financial group,” Citigroup added. Banamex had revenue of more than US $4.7 billion in the first nine months of 2024, the Wall Street Journal reported last week . “Banamex accounted for about 8% of Citi’s total revenue in the first nine months of 2024,” the newspaper said. With reports from ReutersGrace Van Dien flees X after reigniting FaZe Clan beef at Streamer Awards
CMA Sri Lanka, the national professional management accounting body, in collaboration with the Colombo Stock Exchange (CSE) on 3 December hosted the 10th anniversary awards celebrations of the ‘CMA Excellence in Integrated Reporting Awards 2024’ at the Taj Samudra Hotel. The Excellence in Integrated Reporting Awards was held to promote Sri Lankan companies both unlisted, and state-owned institutions/companies, to undertake integrated reporting which will be beneficial to investors and stakeholders. The key objective of an integrated report is to communicate to financial capital providers how an organisation generates, sustains, or diminishes value across the short, medium, and long term. However, its benefits extend beyond investors, offering valuable insights to a broad range of stakeholders, including employees, customers, suppliers, business partners, local communities, policymakers, legislators, and regulators, all of whom have a vested interest in the organisation’s capacity to create value over time. Delivering the keynote address, Panel of Judges Chairman Prof. Ho Yew Kee urged the importance of concise reporting for better understanding that will aid informed decision-making. He called Sri Lanka and Burma the shining lights in Asia and expressed his gratitude in partnering with CMA Sri Lanka, hoping to promote Sri Lankan listed and unlisted companies via a gradual transfer of technical knowledge to the nation. Supreme Court of South Africa former Judge and Global Reporting Initiative Chairman Prof. Mervyn King emphasised the need for reporting that adheres to global financial standards, only then would the country and its companies become globally recognised for its accountancy and business standards, ensuring trust in Sri Lanka’s economy. The event was also attended by Securities and Exchange Commission Chairman Prof. D.B.P.H. Dissabandara as a special guest of honour, who spoke about the leverage integrated reporting has over traditional accountancy reports, stating that, “Traditional reports often failed to capture the full potential, picture, prospects and long-term value of companies. This is because, not only do integrated reports have the capacity to capture financial information, but even non-financial information can be recorded.” Elaborating on the benefits of integrated reporting, he described management effectiveness as a result of a more holistic approach to strategy and performance, and brand value enhancement. He also emphasises the alleviation of asymmetrical information (a common crisis faced by businesses) as integrated reports encourage investors to make informed decisions in the long-term. Speaking about the inception of this competition since 2015, CMA Sri Lanka Founder and President Prof. Lakshman Watawala said, “We have witnessed an increasing number of companies both quoted, unquoted, state owned enterprises and SMEs adopting integrated reporting and many of them with a high level of compliance from top conglomerates, banks, finance companies, insurance companies, manufacturing sector, plantation companies, hotel and tourism sector, apparel and over 20 sectors. We are the best in the Asian region in preparing integrated reports.” He labelled the event an auspicious gathering meant to celebrate practices of good governance and corporate social responsibility. “Integrated reporting creates value to organisations by providing a comprehensive and transparent view of an organisation’s performance, including financial, environmental, social, and governance factors, which enhances accountability, supports better decision-making, and builds trust with stakeholders,” he opined. Prof. Watawala, while praising the present administration’s efforts at alleviating bribery and corruption, called for greater support and collaboration from the private sector in steering economic development. The private sector shoulders the responsibility of leading by example via transparent business practices, strong corporate governance, and anti-corruption legal frameworks. CSE Chairman Dilshan Wirasekara said: “CMA related programs encourage institutions to think holistically and create value for stakeholders, set a benchmark for what corporate sustainability looks like while enhancing the quality of financials and non-financials. In addition, risk assessment and management is done in a transparent and accessible manner. All these are the cornerstone for a strong, sustainable market and economy.” Reiterating Watawala’s words, Wirasekara believes that all organisations, State-owned, private, and non-profit must prioritise societal, economical, and environmental wellbeing for a sustainable future. The event concluded with the declaration of Diesel and Motor Engineering PLC as the overall winner, followed by Softlogic Life Insurance PLC and John Keells Holdings PLC as runners up. Other companies awarded for excellent integrated reports were – Commercial Bank PLC, LB Finance, and NDB Bank.None
Pure Storage and Kioxia Collaborate to Drive Scalability, Efficiency, and Performance in Hyperscale Data CentersThe biker community is reeling after three motorcyclists died near Taihape at the weekend. The crash on Saturday involving four motorbikes and a ute happened on State Highway 1 at Utiku. Rob Miller, a life member of the Road Pirates Social Motorcycle club, told RNZ the riders had been taking part in an event organised by the Manawatu Road Pirates. He said those killed were from a range of clubs including their club, the Bay MC Motorcyclone Club and the Sulphur City Motorcycle Club. Road safety expert Professor Simon Kingham said he did not know any details of the crash, but that tragic motorbike accidents were far too common. "Historically the crash rates for people on motorbikes are higher than any other mode driven, and I think that's partly because of the vulnerability of people," he said. Kingham said it was important drivers were well prepared and trained, and that roads had median barriers where possible. "We can make any road safe to drive at high speeds, you can put in things like median barriers but they are of course a very expensive way to engineer roads," he said. He said while it was unclear what caused the accident and whether barriers would have helped, he was an advocate for slower speeds in some areas. "We can engineer roads to be safe and we can use lower speed limits to keep us safe," Kingham said. Figures from the Ministry of Transport show 255 people have died on the roads so far in 2024.
College Football Playoff field: What went right, what went wrongCaprock Group LLC increased its stake in Aptiv PLC ( NYSE:APTV – Free Report ) by 46.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,423 shares of the auto parts company’s stock after buying an additional 1,708 shares during the quarter. Caprock Group LLC’s holdings in Aptiv were worth $391,000 as of its most recent filing with the SEC. A number of other hedge funds have also recently bought and sold shares of APTV. EdgePoint Investment Group Inc. acquired a new stake in Aptiv during the 1st quarter valued at approximately $335,426,000. Massachusetts Financial Services Co. MA grew its stake in Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after purchasing an additional 905,431 shares in the last quarter. Mizuho Securities USA LLC grew its stake in Aptiv by 3,679.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 792,581 shares of the auto parts company’s stock valued at $57,074,000 after purchasing an additional 771,608 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Aptiv by 1,368.6% during the 3rd quarter. SG Americas Securities LLC now owns 414,273 shares of the auto parts company’s stock worth $29,832,000 after buying an additional 386,064 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts have commented on APTV shares. Deutsche Bank Aktiengesellschaft reduced their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Oppenheimer reduced their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Bank of America reduced their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Morgan Stanley reduced their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Finally, Barclays reduced their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.29. Aptiv Stock Up 1.9 % Shares of APTV stock opened at $54.38 on Friday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66. The stock has a market cap of $12.78 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 0.48 and a beta of 1.81. The business’s fifty day moving average is $65.09 and its 200-day moving average is $70.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv ( NYSE:APTV – Get Free Report ) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the firm earned $1.30 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts expect that Aptiv PLC will post 6.15 earnings per share for the current fiscal year. About Aptiv ( Free Report ) Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience. Featured Stories Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter .
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The Duke of York has said he “ceased all contact” with the businessman accused of being a Chinese spy when concerns were first raised about him. Andrew met the individual through “official channels” with “nothing of a sensitive nature ever discussed”, a statement from his office said. The businessman – known only as H6 – lost an appeal over a decision to bar him from entering the UK on national security grounds. He brought a case to the Special Immigration Appeals Commission (SIAC) after then-home secretary Suella Braverman said he should be excluded from the UK in March 2023. H6 was described as a “close confidante” of The Duke. Judges were told that in a briefing for the home secretary in July 2023, officials claimed H6 had been in a position to generate relationships between prominent UK figures and senior Chinese officials “that could be leveraged for political interference purposes”. They also said that H6 had downplayed his relationship with the Chinese state, which combined with his relationship with Andrew, 64, represented a threat to national security. A statement from Andrew’s office said: “The Duke of York followed advice from His Majesty’s Government and ceased all contact with the individual after concerns were raised. “The Duke met the individual through official channels with nothing of a sensitive nature ever discussed. “He is unable to comment further on matters relating to national security.” At a hearing in July, the specialist tribunal heard that the businessman was told by an adviser to Andrew that he could act on the duke’s behalf when dealing with potential investors in China, and that H6 had been invited to Andrew’s birthday party in 2020. A letter referencing the birthday party from the adviser, Dominic Hampshire, was discovered on H6’s devices when he was stopped at a port in November 2021. In a ruling on Thursday, Mr Justice Bourne, Judge Stephen Smith and Sir Stewart Eldon, dismissed the challenge.Signing with Dodgers was really easy decision for 2-time Cy Young winner Blake Snell
CMA Sri Lanka, the national professional management accounting body, in collaboration with the Colombo Stock Exchange (CSE) on 3 December hosted the 10th anniversary awards celebrations of the ‘CMA Excellence in Integrated Reporting Awards 2024’ at the Taj Samudra Hotel. The Excellence in Integrated Reporting Awards was held to promote Sri Lankan companies both unlisted, and state-owned institutions/companies, to undertake integrated reporting which will be beneficial to investors and stakeholders. The key objective of an integrated report is to communicate to financial capital providers how an organisation generates, sustains, or diminishes value across the short, medium, and long term. However, its benefits extend beyond investors, offering valuable insights to a broad range of stakeholders, including employees, customers, suppliers, business partners, local communities, policymakers, legislators, and regulators, all of whom have a vested interest in the organisation’s capacity to create value over time. Delivering the keynote address, Panel of Judges Chairman Prof. Ho Yew Kee urged the importance of concise reporting for better understanding that will aid informed decision-making. He called Sri Lanka and Burma the shining lights in Asia and expressed his gratitude in partnering with CMA Sri Lanka, hoping to promote Sri Lankan listed and unlisted companies via a gradual transfer of technical knowledge to the nation. Supreme Court of South Africa former Judge and Global Reporting Initiative Chairman Prof. Mervyn King emphasised the need for reporting that adheres to global financial standards, only then would the country and its companies become globally recognised for its accountancy and business standards, ensuring trust in Sri Lanka’s economy. The event was also attended by Securities and Exchange Commission Chairman Prof. D.B.P.H. Dissabandara as a special guest of honour, who spoke about the leverage integrated reporting has over traditional accountancy reports, stating that, “Traditional reports often failed to capture the full potential, picture, prospects and long-term value of companies. This is because, not only do integrated reports have the capacity to capture financial information, but even non-financial information can be recorded.” Elaborating on the benefits of integrated reporting, he described management effectiveness as a result of a more holistic approach to strategy and performance, and brand value enhancement. He also emphasises the alleviation of asymmetrical information (a common crisis faced by businesses) as integrated reports encourage investors to make informed decisions in the long-term. Speaking about the inception of this competition since 2015, CMA Sri Lanka Founder and President Prof. Lakshman Watawala said, “We have witnessed an increasing number of companies both quoted, unquoted, state owned enterprises and SMEs adopting integrated reporting and many of them with a high level of compliance from top conglomerates, banks, finance companies, insurance companies, manufacturing sector, plantation companies, hotel and tourism sector, apparel and over 20 sectors. We are the best in the Asian region in preparing integrated reports.” He labelled the event an auspicious gathering meant to celebrate practices of good governance and corporate social responsibility. “Integrated reporting creates value to organisations by providing a comprehensive and transparent view of an organisation’s performance, including financial, environmental, social, and governance factors, which enhances accountability, supports better decision-making, and builds trust with stakeholders,” he opined. Prof. Watawala, while praising the present administration’s efforts at alleviating bribery and corruption, called for greater support and collaboration from the private sector in steering economic development. The private sector shoulders the responsibility of leading by example via transparent business practices, strong corporate governance, and anti-corruption legal frameworks. CSE Chairman Dilshan Wirasekara said: “CMA related programs encourage institutions to think holistically and create value for stakeholders, set a benchmark for what corporate sustainability looks like while enhancing the quality of financials and non-financials. In addition, risk assessment and management is done in a transparent and accessible manner. All these are the cornerstone for a strong, sustainable market and economy.” Reiterating Watawala’s words, Wirasekara believes that all organisations, State-owned, private, and non-profit must prioritise societal, economical, and environmental wellbeing for a sustainable future. The event concluded with the declaration of Diesel and Motor Engineering PLC as the overall winner, followed by Softlogic Life Insurance PLC and John Keells Holdings PLC as runners up. Other companies awarded for excellent integrated reports were – Commercial Bank PLC, LB Finance, and NDB Bank.Signing with Dodgers was really easy decision for 2-time Cy Young winner Blake Snell
CNEY Receives NASDAQ Minimum Bid Price Requirement Extension
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