Financial Services

First bond auctions under new system sees weighted averages tumbling

/ Friday, 28 July 2017 00:00

  Secondary market bond yields decrease  By Wealth Trust Securities The first round of bond auctions under the n...


‘Best Bank in Public Sector’ and ‘Best Employer Brand’ conferred on Bank of Ceylon

/ Friday, 28 July 2017 00:00

The No.1 bank in the country, the Bank of Ceylon, has won the Best Employer Brand Award and the Best Bank in Public Sector - Excellence and Leaders...


PM opens People’s Bank ‘Digital Center’ at York Street

/ Friday, 28 July 2017 00:00

  Marks a crucial milestone in its digitalisation drive Express Banking launched People’s Bank achieved...


JO MP Balasuriya warns on risks of foreign exchange bill

/ Friday, 28 July 2017 00:00

A new foreign exchange bill was passed in Parliament on Tuesday; the bill is an updating of an archaic set of laws. These laws made criminal offenc...


Digital transactions: Financial industry must shift gear

/ Friday, 28 July 2017 00:00

In line with the unfolding saga of innovative technologies pushing boundaries to disrupt traditional business models, ever so powerful forces are t...


Bank fiasco

/ Friday, 28 July 2017 00:00

I read with interest the several letters to the Editor in your esteemed and independent newspaper, on the subject of a terrible blooper by one of t...


Rupee falls on importer dollar demand

/ Friday, 28 July 2017 00:00

Reuters: The rupee ended weaker on Thursday on importer dollar demand and fewer conversions of the US currency by exporters, dealers said. The sp...


Commercial Bank introduces Sri Lanka’s first Chip & PIN debit card

/ Friday, 28 July 2017 00:00

The Commercial Bank of Ceylon has introduced Mastercard debit cards with Chip and PIN technology for the first time in Sri Lanka. These cards rep...


Britain’s opposition Labour alarms bankers with Robin Hood tax

/ Friday, 28 July 2017 00:00

London (Reuters): Britain’s left-wing opposition party has held a series of meetings with top finance executives, setting out how it would le...


Shares end steady, hover near 6-week closing low

/ Friday, 28 July 2017 00:00

Reuters: Shares ended steady in thin trade on Thursday as gains in financials were offset by losses in industrial shares, with foreign investors co...


5th Annual CFA Capital Market Awards, Forecast Dinner on 1 Aug.

/ Thursday, 27 July 2017 01:17

The CFA Society Sri Lanka will hold the fifth consecutive Capital Market Awards on Tuesday 1 August. The award ceremony recognises and rewards pr...


Seylan Bank ‘A’ wins Trade Quiz, Bank of Ceylon ‘C’ becomes Trade Rounds Champions at Inter-Bank Trade Quiz organised by Trade Finance Association of Bankers

/ Thursday, 27 July 2017 01:15

Trade Finance Association of Bankers (TFAB) held their 20th Anniversary Celebrations along with the Annual Inter-Bank Trade Quiz and Soci...


Imperium and CPS, India to offer digital loan origination and management system

/ Thursday, 27 July 2017 01:13

From left: Cognitive Platform Solutions India Director Chandrasekhar Srinivasan, Imperium Managing Director Buddhin Gunasekera, Imperium C...


Steep declines in weekly weighted averages continue

/ Thursday, 27 July 2017 01:12

364-day bill W. Avg dips below 10.00% for the first time in 67 weeks Secondary market bond yields edge up marginally ahead of auctions ...


Union Bank records strong 61% PBT growth in 1H 2017

/ Thursday, 27 July 2017 00:01

Core banking growth and profitability The first half of 2017 saw Union Bank attaining strong core banking and profitability growth,laying a ...


Equitable financial globalisation needed

/ Wednesday, 26 July 2017 00:00

  Malaysia’s Central Bank Governor highlights tough lessons from the global financial crisis  Calls for the IM...


Shares hit 6-week closing low

/ Wednesday, 26 July 2017 00:00

Reuters: Shares closed marginally weaker for a seventh straight session on Tuesday, but analysts expect sentiment to turn positive following cabine...


Sampath Bank honoured ‘Sri Lanka’s Best Bank’ at Euromoney Awards for Excellence 2017 for 4th time

/ Wednesday, 26 July 2017 00:00

Sampath Bank, a name synonymous with the future of banking in Sri Lanka has long been a trail blazer in the industry with a long list of accolades ...


Softlogic Life bags top awards for ‘Best Agency Distribution’ and ‘Excellence in Claims’ at Insurance Industry Awards

/ Wednesday, 26 July 2017 00:00

Softlogic Life Insurance, Sri Lanka’s fastest growing and most innovative Life Insurer, has been conferred with the top two awards – Ex...


Rupee ends firmer on dollar selling by exporters

/ Wednesday, 26 July 2017 00:00

Reuters: The rupee ended slightly firmer in dull trade on Tuesday as dollar selling by exporters outpaced demand for the US currency from importers...


Today's Columnists

Should the BOI be shut down?

28 July 2017

Justice Minister Dr. Wijeyadasa Rajapakshe very boldly stated at the Sri Lanka Economic Summit on Wednesday that the Board of Investment should be shut down. The BOI is the PM’s brainchild and an offshoot of the GCEC.  Wijeyadasa went...


Quotas with ‘zipping’ for women in local government

28 July 2017

The other day I met a woman who is a card-carrying member of a major political party. She is the president of the midwives association in her area. She exuded leadership. She has so much to share with her community about health, lifestyles and oth...


The delicious ironies of idiotic democracy

28 July 2017

Life, as a musically-inclined poet of a previous age once essayed, is what happens when you are planning to do something else. Well, the same may be said for the intentions of Good Governance: that the best-laid plans of mice and men gang aft agle...


‘Into Africa’ – from troubled continent to a land of opportunities

28 July 2017

It was the continent that made headlines for all the wrong reasons: the great famine in Ethiopia and HIV pandemic in 1980s, the Rwandan genocide in 1990s, and the Somalian civil war in 2000’s grabbed headlines. By mid-2000 some of the Afric...


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