Financial Services

India finds banned currency notes

/ Monday, 29 May 2017 01:30

Reuters: Four people were arrested in India’s western state of Gujarat on Sunday (May 28), after police seized banned currency notes worth IN...


People’s Leasing Company reaches bicentennial branch opening phase

/ Monday, 29 May 2017 01:30

Deputy General Manager (Operations) Damith Malawithanthila inaugurating the newly opened Aluthgama PLC branch   The l...


Sampath Bank commemorates 30th anniversary with religious observances

/ Monday, 29 May 2017 01:28

Jaffna               Sampath Bank conducted a series of religious observances of all major faiths in the...


Bank of Ceylon relocates Kochchikade branch

/ Monday, 29 May 2017 01:25

BOC Kochchikade branch is now relocated at No.18, Chilaw Road, Kochchikade. The current branch is at a more spacious and convenient locati...


BankTech Asia aims to facilitate opportunities for Lankan fintech firms through global fintech challenge

/ Monday, 29 May 2017 01:22

The BankTech Asia Fin5ive Challenge 2017 is powered by Matchi, a fintech matchmaking firm recently acquired by KPMG Powered by Match...


Nations Trust Bank hosts workshops for SMEs

/ Monday, 29 May 2017 01:19

Nations Trust Bank recently hosted a series of workshops for the stakeholders of Small and Medium Scale Enterprises (SME) in Kiribathgoda, Negombo ...


China downgrade shows emerging market ratings stuck in reverse

/ Monday, 29 May 2017 01:18

EM ratings still falling after roughly 150 cuts in 3 years South Africa, Brazil, Turkey, China still in firing line ...


Foreign buying in rupee bonds continue for 3rd consecutive week as yields dip

/ Monday, 29 May 2017 01:16

By Wealth Trust Securities The secondary bond market remained active during the week, with considerable buying pressure pushing yields down, reve...


Asian currencies rise on Fed minutes; yuan shoots to 2-month high

/ Friday, 26 May 2017 00:11

Reuters: Asian currencies were firm on Thursday after the minutes of the US Federal Reserve’s last meeting showed policymakers favouring a gr...


IBSL calls on industry to invest in innovation

/ Friday, 26 May 2017 00:10

  General insurance sector records 14.73% growth, generates GWP of Rs. 79.5 b, while motor remains at top with 66% shar...


Secondary bond market remains steady

/ Friday, 26 May 2017 00:00

By Wealth Trust Securities  In the secondary bond market, yields of the liquid maturities of 15.12.21, 01.09.23, 01.08.2024 and 01.08.26 wer...


KPMG appoints Kamaya Perera a Principal

/ Friday, 26 May 2017 00:00

KPMG in Sri Lanka, a member firm of the KPMG network of independent member firms, yesterday announced the appointment of C.T. Kamaya N. Perera as a...


DFCC announces Thimal as Deputy CEO from August

/ Friday, 26 May 2017 00:00

DFCC Bank this week announced the appointment of Thimal Perera as the Deputy CEO from 16 August 2017, on which Lakshman Silva will take over as the...


Rupee flat; importer demand offsets dollar sales

/ Friday, 26 May 2017 00:00

Reuters: The rupee ended steady on Thursday as importer dollar demand offset selling of the greenback by exporters and state-run banks, traders sai...


AIA Tower now open for business

/ Friday, 26 May 2017 00:00

AIA Insurance recently opened its brand new Head Office building, the AIA Tower, located at 92, Dharmapala Mawatha, Colombo 7. The move to...


Global central banks launch forex market code of conduct

/ Friday, 26 May 2017 00:00

Reuters: Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at...


Priyantha Fernando appointed Deputy Chairman of Union Bank

/ Friday, 26 May 2017 00:00

The Board of Directors of Union Bank of Colombo Plc announced the appointment of experienced banker Priyantha Fernando as Deputy Chairman of the ba...


Amãna Bank gets capital boost from ICD

/ Thursday, 25 May 2017 00:25

​Amãna Bank Chairman Osman Kassim(right) exchanging agreements with ICD CEO Khaled Al Aboodi at the 42nd Annual Meeting of IDB Go...


182 day Treasury bill W. Avg yield decreases for a fifth consecutive week

/ Thursday, 25 May 2017 00:24

By Wealth Trust Securities The persistent demand for Treasury bills at yesterday’s primary auction resulted in the weighted average yield o...


HNB launches Cinnamon Gardens Customer Centre

/ Thursday, 25 May 2017 00:20

HNB Chief Human Resource Officer/Deputy General Manager – Human Resources Chiranthi Cooray opening the new customer centre. HNB Dire...


Today's Columnists

Shipping and ports: At the cross roads of national interest

29 May 2017

Newly appointed Ports and Shipping Minister Mahinda Samarasinghe being congratulated by his predecessor Arjuna Ranatunga when the former assumed duties early last week following the mini reshuffle of the Cabinet - Pic by Lasantha Kumara Sh...


New Finance Minister has a Herculean task ahead; he will win only if he moves with foresight

29 May 2017

New Finance Minister Mangala Samaraweera officially assuming duties at the ministry  – Pic by Pradeep Pathirana   Promise to continue with economic reform program The new Minister of Finance, Mangala Sa...


India’s new plan for TN fishermen could end row with Sri Lanka over fishing

27 May 2017

  India’s new INR 16,210 million ($ 250.9 million) plan to enable Tamil Nadu fishermen to exit fishing in the Palk Bay in three years from this year could end its decades-long row with Sri Lanka over poaching in Sri Lan...


Mayday! Mayhem in the making?

26 May 2017

By the time you read this, you would have perused many pieces, no doubt, on the precarious state of the nation of late. The painful memories of April-May – Meethotamulla pitfall and the proposed appointment of a military panjandrum to curb, ...


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