Thursday 24th April 2014

SEC’s Capital Market Education and Training Division holds annual awards ceremony

Published : 12:01 am  December 24, 2012  |  Category: Financial Services  |  Leave a Comment  |  873 views  |  

Over 800 get certificates for completing various programsThe certification awarding ceremony for those who have completed training programs by the Securities and Exchange Commission’s Capital Market Education and Training (CMET) Division was held on Saturday at the BMICH.  Read More →


MCSL Financial Services celebrates 29th anniversary

Published : 12:00 am  December 24, 2012  |  Category: Financial Services  |  Leave a Comment  |  1,271 views  |  

MCSL Financial Services Ltd. (MCSL) celebrated its 29th anniversary with multi religious functions held on 29 November 2012 and an awards ceremony to give tokens of appreciations to loyal customers and longstanding employees who have completed 15 and 20 years in the company respectively.  Read More →


Rupee gains to eight-month high

Published : 12:00 am  December 24, 2012  |  Category: Financial Services  |  Leave a Comment  |  658 views  |  

By Wealth Trust Securities The rupee appreciated during the week from its last week’s closing levels of Rs. 128.50 to an eight month high of Rs 125.75 on Friday. Export conversions and inflow of remittances ahead of the season coupled with a slowing down of seasonal imports was seen as the reasons behind this appreciation. However the dollar bounced back once again from this low to close the week at Rs. 126.85.  Read More →


People’s Bank ties up with PWC to develop SMEs

Published : 12:00 am  December 24, 2012  |  Category: Financial Services  |  Leave a Comment  |  769 views  |  

With an objective to identify the sectors in local small and medium scale business and industries that require expansion and development and to plan strategies to achieve that goal, an agreement was signed recently between People’s Bank and PWC Institute at the People’s Bank Head Office.  Read More →


ICE’s $ 8.2 b NYSE swoop creates derivatives giant

Published : 12:00 am  December 24, 2012  |  Category: Financial Services  |  Leave a Comment  |  658 views  |  

Reuters: Intercontinental Exchange Inc agreed as part of its $8.2 billion takeover of NYSE Euronext to pay the New York Stock Exchange operator a termination fee of $750 million if it fails to gain antitrust clearances, suggesting a high level of confidence the deal will go through. Big Board parent NYSE could get out of the arrangement for a fee of $300 million if a sweeter deal were to come along, according to a regulatory filing on Friday.  Read More →


US gives foreign banks more time on swap rules

Published : 12:00 am  December 24, 2012  |  Category: Financial Services  |  Leave a Comment  |  153 views  |  

Reuters: The top U.S. derivatives regulator on Friday gave foreign banks more time to meet new derivative trading rules that had earlier sparked fears that international financial markets could pull away from U.S. banks. The Commodity Futures Trading Commission (CFTC) said that foreign banks now had until July 12, 2013, to comply with the rules and said it would continue to fine tune the regulations that have also drawn the wrath of foreign regulators.  Read More →


Standard Chartered’s Regional Compliance Head shares insights

Published : 12:01 am  December 21, 2012  |  Category: Financial Services  |  Leave a Comment  |  625 views  |  

Standard Chartered’s Regional Head, Compliance, India and South Asia, Ravi Duvvuru made a presentation to compliance officers from banks in Sri Lanka recently. The session focused on the importance of building a compliance culture in financial institutions.  Duvvuru also drew on his experience of a number of years with Reserve Bank of India, to apprise the audience of regulatory expectations and the supervisory approaches in other jurisdictions.  Read More →


Chandula delivers key speech at Peking University, China

Published : 12:01 am  December 21, 2012  |  Category: Financial Services  |  Leave a Comment  |  435 views  |  

HNB Development Banking Deputy General Manager Chandula Abeywickrema, recently delivered a key speech at the Lifelong Asset Building Strategies and Innovations in Asia conference organised by the Peking University in Beijing, China and Washington University in St. Louis. It was co-hosted by Levi Strauss Foundation, Keswick Foundation and Ford Foundation in the US, and was held at the conference facility of Peking University in Beijing, China from 16 to 18 November 2012.  Read More →


MAS in quest to make women love themselves & celebrate their bodies

Published : 12:01 am  December 21, 2012  |  Category: Financial Services  |  Leave a Comment  |  1,167 views  |  

Following initial success in giant India, intimate apparel specialist’s first brand amanté looks to revolutionise lingerie market in Sri Lanka By Nisthar Cassim With a population of 1.2 billion, India is the world’s second largest market. The very opportunity that India offers also brings about scores of manufacturers and brands within and from outside. For a company to make India a testbed for a new product can evoke mixed reactions – one of foolishness or an act of boldness. To MAS Holdings, the latter can be applied for a multitude of reasons.  Read More →


Union Assurance celebrates 25 years of trust

Published : 12:01 am  December 21, 2012  |  Category: Financial Services  |  Leave a Comment  |  966 views  |  

Union Assurance (UA) operates on a solid and consistent 25-year track record, with 110 branches and over 4,500 employees and field staff touching the lives of half a million Sri Lankans island-wide.  Read More →


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