People’s Bank ‘Jaya Sri 2012’ grand draw winners chosen

Published : 12:00 am  February 28, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,407 views  |  

People’s Bank ‘Jaya Sri 2012, the year-end grand draw and monthly draw for December was carried out recently at the People’s Bank Staff Training College auditorium under the patronage of Chief Executive Officer/General Manager N. Vasantha Kumar.  Read More →


Secondary market treasury yields steady as primary market yields increase

Published : 12:00 am  February 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  404 views  |  

By Wealth Trust Securities Secondary market bond yields closed the day mostly unchanged yesterday against its last week’s closing levels mainly on the two liquid five year maturities (i.e. 1 April 2018 and 15 August 2018) at levels of 11.10/15% subsequent to increasing to an intraday high of 11.20% and dropping to a low of 11.10%.  Read More →


BOC promotes senior citizens accounts

Published : 12:00 am  February 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  980 views  |  

Bank of Ceylon is promoting its senior citizens account for elders to face their future with confidence to its fullest. This account is designed to cater to the needs of senior citizens in the country with financial care where it rewards the account holders with an additional interest rate of 1% and special privileges.  Read More →


NTB ends 2012 with continued growth momentum

Published : 12:00 am  February 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,258 views  |  

Nation Trust Bank closed the year with a post tax profit of Rs. 1,951 million, surpassing the comparative period of last year by 21%. With the macroeconomic conditions being conducive for business, the bank managed to improve performance in all areas, notably in deposit mobilisation and core earnings in a controlled credit growth environment.    Read More →


Ceylinco Shriram settles 60% in cash to 75% of investors

Published : 12:00 am  February 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,012 views  |  

Ceylinco Shriram has successfully made payments to 4,330 people, which amounts to nearly 75% of their investors, over 60% of their deposits in cash as at now.   The other 1,443 people, 25% of the investors, have received payments averaging to over 20% of their investments in cash. The payments have been made in compliance with the payment plan submitted by Ceylinco Shriram’s Board of Directors to the courts and its investors.  Read More →


Bourse dips but foreign inflow tops Rs. 361 m

Published : 12:00 am  February 27, 2013  |  Category: Financial Services  |  1 Comment  |  320 views  |  

Reuters: Stocks fell to a two-month low on Tuesday despite foreign inflows as retail investors sold on worry about the economy after the Government raised fuel prices.  Read More →


Goldman Sachs cuts 2013, 2014 gold price forecasts

Published : 12:00 am  February 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  811 views  |  

LONDON (Reuters): Goldman Sachs cut its 2013 gold price forecast to $1,600 an ounce from $1,810 an ounce, saying the metal’s recent price drop and an increase in U.S. real interest rates have led it to bring forward its projections for a decline in the metal. If that projection proves accurate, it will mark the first year gold has recorded a lower average price year-on-year since 2001, when its record-breaking 12-year bull run began.  Read More →


Rajat Gupta asked to repay $ 6.22 million to Goldman

Published : 12:00 am  February 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  230 views  |  

Reuters: A federal judge on Monday ordered former Goldman Sachs Group Inc director Rajat Gupta to reimburse $ 6.22 million to help the Wall Street bank cover its legal expenses related to his criminal insider trading case. Goldman had sought to recover $ 6.91 million, and US District Judge Jed Rakoff in Manhattan said the bank had proved it was entitled to 90% of what it requested.  Read More →


HNB Assurance the first Insurer to tie up with FALCK Ambulance service in Sri Lanka

Published : 12:00 am  February 26, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,325 views  |  

HNB Assurance being the innovative insurance provider in Sri Lanka is proud to tie up with Falck as their first insurance partner in Sri Lanka. Falck is the largest ambulance service provider in the world and the world’s largest private fire-fighting operator.  Read More →


ADB Chief Kuroda, fan of detective novels, looks to solve BOJ mystery

Published : 12:00 am  February 26, 2013  |  Category: Financial Services  |  Leave a Comment  |  402 views  |  

Reuters: An avid reader of detective novels, Haruhiko Kuroda may now get a chance to try to unravel the mystery of engineering Japanese economic growth if the Asian Development Bank chief is confirmed as the next Bank of Japan Governor.  Read More →


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