Half of investments in emerging markets go via tax havens: Study

Published : 1:44 am  May 28, 2013  |  Category: Financial Services  |  Leave a Comment  |  275 views  |  

LONDON (Reuters): Nearly half of the money that multinationals and wealthy investors poured into emerging markets in 2011 came via tax havens, resulting in revenue losses for poor countries, anti-poverty campaigners ActionAid said in a report.  Read More →


HSBC sells first Yuan Bonds in Singapore, StanChart to follow

Published : 1:44 am  May 28, 2013  |  Category: Financial Services  |  Leave a Comment  |  367 views  |  

SINGAPORE (Reuters): British bank HSBC sold 500 million Yuan (US$ 81.54 million) worth of two-year notes in Singapore on Monday, launching the first dim sum bond in the city state since Yuan-clearing became available there. China has been relaxing controls on the Yuan, officially referred to as the renminbi or RMB outside the country, in order to gradually increase the use of its currency abroad.  Read More →


BOC Leasing unveils lowest rental offer

Published : 1:43 am  May 28, 2013  |  Category: Financial Services  |  1 Comment  |  1,197 views  |  

Being the No. 1 brand and No. 1 bank in Sri Lanka, Bank of Ceylon (BOC) offers the most flexible leasing options, to fulfil customers’ leasing requirements by offering the lowest rental to purchase their dream vehicle. In addition to the lowest rental, BOC’s flexi rental facility offers tailor made repayment options to its customers.  Read More →


Secondary market Treasury bond yields edge up marginally

Published : 1:43 am  May 28, 2013  |  Category: Financial Services  |  Leave a Comment  |  569 views  |  

By Wealth Trust Securities Activity in secondary bond markets picked up yesterday as selling pressure saw its yields close the day marginally higher in comparison to Thursday’s closing levels.  Read More →


Ernst & Young Sri Lanka demonstrates commitment to integrity of financial reporting

Published : 12:03 am  May 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,133 views  |  

The Audit committee chairs of public interest entities, and Inland Revenue high ranking officials gathered at a forum organised by Ernst & Young (EY) at the Hilton Colombo Residence recently. EY Country Managing Partner Asite Talwatte welcomed the gathering and provided a briefing on the importance for organisations’ to drive quality financial reporting in the current volatile environment.  Read More →


Janashakthi tops insurance sector in dividend returns to shareholders

Published : 12:02 am  May 27, 2013  |  Category: Financial Services  |  1 Comment  |  574 views  |  

Janashakthi Insurance PLC offers the highest dividend yield among other local insurance, making the stock an attractive investment for stock market investors, officials said. For the year ended 31 March 2013, the company paid out an annual dividend yield of 9.52%, the highest among insurers.  Read More →


Holiday mood in secondary markets sees activity dry up

Published : 12:01 am  May 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  284 views  |  

By Wealth Trust Securities Activity in secondary bond markets dried up recently ahead of a long weekend and with 23 May been a half day as well. A limited amount of activity was witnessed on the eight-year maturity, at levels of 11.55%, while the 364-day bill was seen changing hands within the range of 10.80% to 10.85%. The liquid two five year maturities (01.04.2018 and 15.08.2018) were seen been quoted at levels of 11.07% to 11.10% and 11.13% to 11.16% respectively.   Read More →


Fitch rates Central Finance’s listed senior debt final ‘A+’

Published : 12:01 am  May 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  538 views  |  

Fitch Ratings has assigned Sri Lanka-based Central Finance Company PLC’s (CF, A+(lka)/Stable) listed senior unsecured redeemable debentures of up to Rs. 2 b a final National Long-Term rating of ‘A+(lka)’.  Read More →


Taprobane manages listed debenture issue of Senkadagala Finance

Published : 12:01 am  May 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  868 views  |  

Taprobane Wealth Plus Ltd., the corporate finance arm of Taprobane Holdings group, successfully managed Senkadagala Finance PLC’s Rs. 500 million senior, listed, rated, unsecured, redeemable debenture issue, which carried an option to increase the funds raised up to Rs. 1 billion.  Read More →


NDB extends universal banking services to Matara

Published : 12:01 am  May 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  596 views  |  

Introduces equity and mutual funds investment opportunities to popular commercial hub in Southern Province NDB Stockbrokers Ltd. (NDBS) recently opened a dedicated service centre at the NDB Matara Branch, introducing a world of new opportunities to the residents, businessmen and investors in the region.  Read More →


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