Financial Services

Union Bank gains recognition at 52nd Annual Report Awards

/ Friday, 9 December 2016 00:01

Union Bank of Colombo received the award for ‘Compliance’ in the financial services sector at the grand finale of the 52nd Ann...


Asia shares hit one-month peak

/ Friday, 9 December 2016 00:01

Reuters: Asian shares hopped to one-month highs on Thursday after Wall Street strode to another record and bonds rallied on wagers the European Cen...


Govt. keen to lift public tax burden while accumulating revenue: Ravi K

/ Friday, 9 December 2016 00:01

Finance Minister Ravi Karunanayake engaged in a sudden inspection tour of the Inland Revenue Department’s head office yesterday (8) ...


INGOT Brokers introduces services in Sri Lanka  

/ Friday, 9 December 2016 00:01

INGOT Brokers, an online financial trading company headquartered in Sydney, has introduced its services in Sri Lanka. INGOT Consultation Bahrain ...


Activity in the bond market dips once again

/ Friday, 9 December 2016 00:01

By Wealth Trust Securities Activity in the secondary bond market dipped once again yesterday as most market participants were seen on the sidelin...


Stock market gains on foreign buying; Thai Group’s deal lifts mood

/ Friday, 9 December 2016 00:01

Reuters: Shares rose on Thursday as a stake buy in Commercial Credit and Finance Plc by a unit of Thailand’s Group Lease Plc lifted the mood ...


Asiri Hospital rings final bell for 2016 at CSE

/ Thursday, 8 December 2016 00:01

By Charumini de Silva The final bell ringing ceremony for 2016 was performed by Asiri Hospital Holdings Plc yesterday, when they commenc...


Rupee ends steady; dollar demand from banks, importers weighs

/ Thursday, 8 December 2016 00:01

Reuters: The Sri Lankan rupee ended steady on Wednesday, but dollar demand from state banks and foreign banks put pressure on the currency, dealers...


Primary market rates remain mostly unchanged

/ Thursday, 8 December 2016 00:01

By Wealth Trust Securities The weighted averages at the weekly Treasury bill primary auction conducted yesterday, remained mostly unchanged, with...


CSE Chief  declares 2017 year of implementation

/ Thursday, 8 December 2016 00:01

By Charumini de Silva Optimistic Capital Market Chief yesterday said they would focus more on implementing necessary mechanisms to make the Colom...


Softlogic Life on top of Insurance Category at CA Annual Report Awards

/ Thursday, 8 December 2016 00:01

Softlogic Life Insurance Plc is pleased to announce that the company received the Gold Award in the Insurance Category at the 52nd Annual ...


LOLC Life Assurance offers greater convenience from new Head Office premises

/ Thursday, 8 December 2016 00:01

The head office of LOLC Life Assurance was relocated to their modern premises at No. 481, T. B. Jaya Mawatha (Darley Road), Colombo 10 rec...


Citigroup Q4 markets revenue trending up 20%

/ Thursday, 8 December 2016 00:01

Reuters: Citigroup’s Q4 markets revenue is running about 20% higher than last year, Chief Financial Officer John Gerspach said on Wednesday. ...


Stock market down to near one-week closing low

/ Thursday, 8 December 2016 00:01

Reuters: Shares ended weaker for a second straight session on Wednesday, to hit their lowest close in nearly one week, with foreign investors selli...


Commercial Bank declared Sri Lanka’s Bank of the Year by ‘The Banker’

/ Thursday, 8 December 2016 00:01

The Commercial Bank of Ceylon has won the global banking fraternity’s most coveted award – the ‘Bank of the Year’ – p...


Amãna Takaful’s Hamdi Nizam shines at Life Insurance Awareness Month 2016

/ Thursday, 8 December 2016 00:01

Amãna Takaful Life (ATL Life) shone at the Inter insurance company competition during the Life Insurance Awareness Month as Hamdi N...


Bank of Ceylon goes for Rs. 8 b debenture; Fitch rates Subordinated Debt Final ‘AA’

/ Wednesday, 7 December 2016 00:07

Fitch Ratings Lanka has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to Rs. 8 b...


Stock market slips from near 3-wk high on profit taking

/ Wednesday, 7 December 2016 00:07

Reuters: Shares ended slightly weaker on Tuesday, ending a four-session run of gains, to slip from a near three-week high as investors booked profi...


Love Yadav joins Amana Holdings Group as MD

/ Wednesday, 7 December 2016 00:06

International Investment Banking professional and entrepreneur, Love Yadav has join the Board of three companies under Amana Holdings Ltd. in the m...


Foreign selling in the secondary bond market continues ahead of weekly bill auction

/ Wednesday, 7 December 2016 00:06

By Wealth Trust Securities Moderate activity was witnessed in the secondary bond market yesterday, with buying interest from local investors duri...


Today's Columnists

President to unveil bronze statue in Borella of Ceylon’s second Prime Minister tomorrow

10 December 2016

Those who have known or met the second Prime Minister of then Ceylon are but a few among the living now, albeit few relatives. Those who are living but yet remember to give the information are even less in number. Some of us were fortunate to ha...


Local elections: New mixed-member method or old PR method?

9 December 2016

  I was looking forward to voting in local elections under a new mixed member system. Wearing my ratepayer hat, I was attracted to the idea of electing somebody who would be accountable to my ‘ward’ or my neighbourhood in ...


Youth underemployment: Tragedy of a generation

9 December 2016

Out of the 7.8 million employed population, 1.2 million people are estimated to be three-wheeler drivers. This is a staggering 15.4% of the working population. As a result today many sectors of the economy today are starved of critical ma...


Governance: On the bus! Or has it missed the bus?

9 December 2016

‘ISSARAHA BAHINAWAA’ – civil society’s proclivity is bow out of a crowded bus when private interests and partisan agendas win the argument over reason and responsibility; but now, more than ever perhaps, is the tim...


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