Vast potential available for insurance industry

Published : 12:01 am  February 18, 2013  |  Category: Financial Services  |  1 Comment  |  478 views  |  

Sri Lanka’s insurance industry umbrella body, the Insurance Association of Sri Lanka (IASL), works very closely with the regulator to bring implementation and development of the sector. IASL President Ramal Jasinghe explains how the amendments to the Regulation of Insurance Industry Act (RII Act) on the introduction of the risk-based capital requirement, which is due this year, will affect the insurer’s risk appetite  Read More →


People’s Bank picks NRFC Grand Draw Winners

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  386 views  |  

The Ethera Isura NRFC Draw and grand finale for the month of December 2012 was held recently at the staff training college auditorium of People’s Bank under the patronage of CEO/General Manager Mr. N. Vasantha Kumar along with the presence of a team of executive management and customers.  Read More →


The Finance Company takes on new initiatives in improving business performance

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  803 views  |  

The Finance Company PLC, the pioneer financial giant in the country has taken many initiatives to improve all its key business areas, recording higher volume growth in the third quarter 2012/13, despite the challenges caused by a high interest regime and a tight liquidity prevalent in the market.   As a result of further expanding its presence in the island and the unwavering confidence of its loyal customers, the firm has been able to sustain the momentum that has upheld it in the past and thrive in its business operations within the non-banking financial industry.  Read More →


Commercial Bank and IFC

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  319 views  |  

 Read More →


Britain, France and Germany back multinational tax clampdown

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  294 views  |  

Reuters: The British, French and German Governments are launching a joint initiative aimed at cracking down on tax avoidance by multinational companies.  Read More →


Indian Overseas Bank to expand in SL

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  775 views  |  

By Shabiya Ali Ahlam Visiting Indian Overseas Bank (IOB) Chairman/MD Dr. M. Narendra at a press briefing held last week stated that a further expansion of the bank along with possible investment plans in Sri Lanka are on the agenda for 2013. Invited by the Central Bank Governor Ajith Nivard Cabraal for a briefing on the development of economy and the prospects of funding projects, Narendra said:  Read More →


Change in momentum sees selling interest in secondary bond markets

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  208 views  |  

The announcement of authorities deciding not to pursue a new IMF funding program on the day when Central Bank kept its policy rates unchanged for the second consecutive month was seen creating doubts with market participants as some market participants were showing interest in reducing their duration by selling the longer leg of the yield curve and buying the shorter leg according to market sources.  Read More →


Seylan Bank Yakkala branch moves to new premises

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  359 views  |  

Seylan Bank created history for the people in Yakkala when it became the first private commercial bank to open its mobile banking unit in 1990 and was then converted to a fully fledged branch in 1992.  Read More →


CA Sri Lanka calls for comments on proposed amendments to IFRS 9 Financial Instruments

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  224 views  |  

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is calling for comments on the proposed amendments to IFRS 9 Financial Instruments by the International Accounting Standards Board (IASB).  Read More →


Union Bank Call’nPay the easiest way to make Utility Bill payments

Published : 12:00 am  February 18, 2013  |  Category: Financial Services  |  Leave a Comment  |  244 views  |  

For the first time in Sri Lanka, Union Bank of Colombo PLC (UBC) launched Union Bank Call’nPay, an unique and convenient bill settlement service offering customers a whole new banking experience.    Read More →


Page 249 of 599« First...102030...247248249250251...260270280...Last »