Financial Services

President to kick off workshop on Sustainable Finance today

/ Tuesday, 28 February 2017 00:00

The Central Bank of Sri Lanka, together with the Sustainable Banking Network (SBN) managed by IFC, a member of the World Bank Group, has made arran...


Rupee ends firmer on late exporter dollar sales

/ Tuesday, 28 February 2017 00:00

Reuters: The rupee ended firmer on Monday aided by late exporter dollar sales, but concerns over possible further depreciation in the absence of ce...


SEC Chief speaks on importance of regional integration of capital markets

/ Tuesday, 28 February 2017 00:00

Securities and Exchange Commission (SEC) Chairman Thilak Karunaratne yesterday highlighted the importance of the integration of capital markets wit...


Secondary bond market rates increase in thin trade

/ Tuesday, 28 February 2017 00:00

By Wealth Trust Securities Following the outcome of the recently conducted Treasury bond auctions, secondary market yields were seen increasing y...


LSE scuppers Deutsche Boerse merger hopes by rejecting EU demand

/ Tuesday, 28 February 2017 00:00

Reuters: The London Stock Exchange (LSE.L) has all but ended a planned merger with Deutsche Boerse (DB1Gn.DE) to create Europe’s biggest stoc...


Nations Trust Bank records resilient performance amidst challenges

/ Tuesday, 28 February 2017 00:00

Nations Trust Bank closed the financial year 31 December 2016 with a post-tax profit of Rs.2,869 m, up by 10% over the previous year with pre-tax p...


Colombo stock market hits 2-1/2-week closing low; block deals boost turnover

/ Tuesday, 28 February 2017 00:00

Reuters: Shares fell on Monday to hit their lowest close in more than two weeks as investors were worried over rising interest rates, but foreign b...


Financials push Asian stocks down for second straight day

/ Tuesday, 28 February 2017 00:00

Reuters: Asian stocks declined on Monday, led by financials, as a renewed drop in sovereign bond yields on political concerns prompted some investo...


AIA delivers another excellent set of results

/ Monday, 27 February 2017 00:29

The Board of Directors of AIA Group Ltd., last week announced what it called as another excellent set of results for the year ended 30 November 201...


New S&P SL 20 entrant Teejay Lanka opens trading at CSE

/ Monday, 27 February 2017 00:25

From left: COO – Commercial Moiz Rehmanjee, COO – Planning and Special Projects Janaka Gamage, COO – Marketing and Busin...


Union Bank records significant growth in the year 2016

/ Monday, 27 February 2017 00:22

Union Bank of Colombo PLC (Bank), together with its subsidiaries (Group) reported an outstanding performance in the year 2016, recording a Profit a...


Primary market bond yields increase to 11 month highs

/ Monday, 27 February 2017 00:20

Foreign holding in Rupee bonds continue to slide down By Wealth Trust Securities The shortened trading week ending 23rd Febru...


Rupee falls on importer dollar demand; dealers see more pain ahead

/ Thursday, 23 February 2017 00:31

Reuters: The rupee ended weaker on Wednesday on importer dollar demand as local traders bought the US currency as a precaution amid concerns of a s...


Bond market remains dismal ahead of Treasury bond auctions

/ Thursday, 23 February 2017 00:30

By Wealth Trust Securities The dull momentum in secondary bond markets continued yesterday with most market participants remaining on the sidelin...


India needs to create bad bank quickly: Finmin aide

/ Thursday, 23 February 2017 00:29

New Delhi (Reuters): India needs to create a bad bank quickly, the finance ministry’s top economic adviser said on Wednesday, supporting fort...


People’s Bank Self Banking Unit for Jaffna Town

/ Thursday, 23 February 2017 00:29

  The latest Self Banking Unit of the People’s Bank (CDM/ATM/kiosk) was declared open recently by N. Vasantha Kumar, Ch...


Rising protectionism, Brexit fears spark HSBC profit fall

/ Wednesday, 22 February 2017 00:00

Pedestrians walk past HSBC signage in the Admiralty district of Hong Kong on 21 February 2017. Global banking giant HSBC said 21 February that net ...


Dull sentiment in secondary bond markets continue

/ Wednesday, 22 February 2017 00:00

  Primary market rates continue to increase The weighted averages at yesterday’s weekly Treasury bill auction wer...


A prelude to the accountancy profession

/ Wednesday, 22 February 2017 00:00

An honourable profession  It is an honour to share such a great profession as a Chartered Accountant (CA). A profession that has been ...


Shares hit more than 1-wk closing low as rising rates weigh

/ Wednesday, 22 February 2017 00:00

Reuters: Shares hit a more than one-week closing low on Tuesday, their fourth straight session of losses, as investors sold shares of blue chip com...


Today's Columnists

IMF, McKinsey not the panacea for our ills; decisiveness, empowerment and selfless politicians are essential

28 February 2017

  By a Special Correspondent The past 18 months have been, possibly, one of the darkest, and bleakest, periods, in recent times, for Sri Lankan businesses and entrepreneurs. While there has been an improvement during this...


Philippine lessons for Sri Lanka tourism and economy

28 February 2017

  There has been a continuous debate on evaluating the impact of tourism on a country’s economy. Sri Lanka in particular has grown from $ 500 million in 2009 to $ 4,000 million currently in 2016 which indicates the powe...


Restoring ‘Economic Democracy’: Is it an elusive goal?

27 February 2017

President Maithripala Sirisena Promised delivery of economic democracy to people One of the pledges made by the present Government in its election manifesto titled ‘The Five Point Plan for creating a new country in 60 mont...


Signifying ‘Sigmoid’ for Sri Lankans

27 February 2017

Being proactive is becoming a rarity. Protests for rights have become a regular occurrence. Conducting post-mortems after a tragedy is not something uncommon to us. All of the above point to the need for a fresh approach towards survival and succe...


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