Ramanan appointed acting CEO/MD at People’s Merchant Finance

Published : 1:03 am  April 3, 2013  |  Category: Financial Services  |  Leave a Comment  |  872 views  |  

People’s Merchant Finance PLC board member G. Ramanan has been appointed as the Acting CEO and Managing Director of the company. The company stated that the interim move was made until a suitable candidate could be selected to fill the vacancy created following the recent resignation of former CEO Dr. Chandrasena Samarasinghe.  Read More →


India tightens limits on foreign investment in T-bills; relaxes moves for other inflows

Published : 1:03 am  April 3, 2013  |  Category: Financial Services  |  Leave a Comment  |  208 views  |  

MUMBAI (Reuters): India imposed more restrictive limits on foreign investment in treasury bills and commercial paper on Monday, while easing and simplifying other restrictions to attract inflows to help plug a record current account deficit.  Read More →


Yields dip marginally ahead of weekly bill auction

Published : 1:02 am  April 3, 2013  |  Category: Financial Services  |  Leave a Comment  |  245 views  |  

By Wealth Trust Securities Secondary market bond yields dipped marginally yesterday ahead of the weekly bill auction due today. The upward trend which was initially created by the results of the primary auctions of both Treasury bonds and bills which reflected increases on its weighted averages was nullified with point to point inflation recording a dip far exceeding expectations.  Read More →


RAM reaffirms Bartleet Religare Securities’ BB+/NP ratings

Published : 1:01 am  April 3, 2013  |  Category: Financial Services  |  1 Comment  |  509 views  |  

 Outlook revised from positive to stable   RAM Ratings Lanka has reaffirmed Bartleet Religare Securities (Pvt) Limited’s (BRS) respective long and short term corporate credit ratings at BB+ and NP. Concurrently, the outlook of the long-term rating has been revised from positive to stable.  Read More →


NAMAL’s National Equity Fund pays dividends for 20th consecutive year

Published : 1:00 am  April 3, 2013  |  Category: Financial Services  |  1 Comment  |  499 views  |  

National Asset Management Limited (NAMAL, announced that the company’s flagship fund the National Equity Fund (NEF) paid a dividend of one rupee per unit to Unit holders for the year ended 31 March. NEF is the only Equity Fund to have made continuous dividend payments since its inception including the exigent times in the industry.  Read More →


People’s Bank spreads wings to Ampara

Published : 12:46 am  April 2, 2013  |  Category: Financial Services  |  Leave a Comment  |  712 views  |  

In line with the Deyata Kirula program, with which the Government focuses on the economic development of the area, the newly built three-storied People’s Bank Ampara Regional Office was declared open by President Mahinda Rajapaksa recently.  Read More →


Continental Insurance revitalised with cutting-edge DMS Oracle ERP solution

Published : 12:45 am  April 2, 2013  |  Category: Financial Services  |  Leave a Comment  |  963 views  |  

DMS Software Technologies (Pvt) Ltd (DMSSWT), a Gold Level Member of the Oracle PartnerNetwork (OPN), successfully completed the implementation of the Oracle E-Business Suite solution at Continental Insurance Lanka Limited. The new system will substantially help the company increase its overall efficiency and accuracy in financial transactions.  Read More →


Softlogic Finance gains capital boost of Rs. 504 m

Published : 12:44 am  April 2, 2013  |  Category: Financial Services  |  Leave a Comment  |  708 views  |  

Softlogic Finance PLC has announced the receipt of US$ 4 m (approximately Rs. 504 m) from Dutch Development Bank FMO, which will take the form of a subordinated term loan of five years, including an option to convert to equity in the company.  Read More →


Simplified financial reporting for SMEs

Published : 12:44 am  April 2, 2013  |  Category: Financial Services  |  Leave a Comment  |  879 views  |  

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in its capacity as the sole accounting standards setting authority in the country has introduced a simplified financial reporting standard for the benefit of the Small and Medium-sized Entities (SMEs) in the country.  Read More →


Central Finance savings and fixed deposits offer fabulous prizes

Published : 12:43 am  April 2, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,070 views  |  

Central Finance will conduct its CF Avurudhu Ilakkaya Raffle draw for the seventh consecutive year this year. This special Avurudu promotion offers customers a chance to win LED TVs, laptops, home theatre systems, cash prizes, bonus interest and consolation prizes.  Read More →


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