Financial Services

Monetary policy decision keeps markets vigilant

/ Friday, 24 June 2016 00:00

By Wealth Trust Securities The secondary market bond yields were seen edging up yesterday as activity moderated ahead of today’s monetary p...


Sri Lankan anti-corruption activists take part in a protest against the head of the Central Bank

/ Friday, 24 June 2016 00:00

  Sri Lankan anti-corruption activists take part in a protest against the head of the Central Bank of Sri Lanka Arjuna Mahend...


Seylan Bank explains impasse over Share Trusts

/ Friday, 24 June 2016 00:00

Three share owning trust companies of Seylan Bank PLC have been blocked to sell off 12.7 million ordinary voting shares due to court cases filed by...


Asian stocks wobble ahead of Brexit vote, sterling jumps

/ Friday, 24 June 2016 00:00

Reuters: Asian stocks were up in hesitant trade on Thursday, as many investors sought shelter in safe-haven assets such as the Japanese yen and gov...


Mercantile Investments and Finance records top business growth

/ Friday, 24 June 2016 00:00

Mercantile Investments and Finance PLC’s recently published annual report and financial results showed the company’s continued business...


Fitch downgrades NDB affirms 8 Sri Lanka banks, Negative Outlook on DFCC, Sampath

/ Friday, 24 June 2016 00:00

Fitch Ratings has downgraded National Development Bank PLC’s (NDB) National LongTerm Rating to ‘A+(lka)’ from ‘AA(lka)&rsqu...


100 People’s Bank branches to operate solely on solar energy

/ Friday, 24 June 2016 00:00

As part of its Environmental Sustainability Program and Green Banking drive, People’s Bank yesterday announced that 100 of its key branches w...


Brexit could force banks to relocate jobs away from London: EU’s Hill

/ Thursday, 23 June 2016 00:00

European Commissioner for Financial Services, Jonathan Hill, speaks during a Thomson Reuters Newsmaker event, London– Reuters ...


Effect of imprudent exchange rate and monetary policies in past on SL exports sector

/ Thursday, 23 June 2016 00:00

  Growth of real GDP is used as a broader measure of the economic growth of a country. The GDP growth of Sri Lanka has averaged 5.7% d...


Global stocks up as investors hopeful Britain will vote to stay in EU

/ Thursday, 23 June 2016 00:00

Reuters: Asian stocks edged up on Wednesday as investors were guardedly optimistic about a “Remain” vote in Britain’s ma...


Guardian Acuity Money Market Funds offers option to take advantage of current interest rates outlook

/ Thursday, 23 June 2016 00:00

The Guardian Acuity Money Market fund which is more than four years old has returned 48.44% to its investors. This is an annualised return of 11.37...


Seylan Bank launches SL’s 1st digitally assisted customer support channels via WhatsApp and Facebook Messenger

/ Thursday, 23 June 2016 00:00

Deputy General Manager – Marketing and Personal Banking Tilan Wijeyesekera    Reinforcing its credentials ...


Rupee 1-week forwards end lower; State bank dollar selling caps losses

/ Thursday, 23 June 2016 00:00

Reuters: Rupee one-week forwards ended lower on Wednesday on importer dollar demand amid low liquidity for the US currency, but dollar selling by a...


Weighted averages gain for sixth consecutive week at T bill auction

/ Thursday, 23 June 2016 00:00

By Wealth Trust Securities The weekly weighted averages at yesterday’s Treasury bills auction increased for a sixth consecutive w...


‘People’s Bank Foreign Currency Gold Fortune 2016’ gifts 22 carat sovereign gold coins for inward remittances

/ Thursday, 23 June 2016 00:00

People's Bank Deputy General Manager - International Banking Shobani Prathapasinghe People’s Bank has unveiled ‘People&rsqu...


Singapore central bank says yuan investments to be part of FX reserves

/ Thursday, 23 June 2016 00:00

SINGAPORE (Reuters): Singapore’s central bank said on Wednesday it will be including its renminbi financial investments as part of its offici...


Stock market closes at 8-week low; rates decision awaited

/ Thursday, 23 June 2016 00:00

Reuters: Shares fell for a third straight session on Wednesday to hit a more than eight-week closing low as investors turned cautious ahead of a mo...


Rupee forwards down on importer dollar demand

/ Wednesday, 22 June 2016 00:00

Reuters:  One-week rupee forwards on Tuesday ended weaker on importer dollar demand amid low liquidity for the U.S. currency a day after Moody...


EU agrees anti-tax evasion deal

/ Wednesday, 22 June 2016 00:00

AFP: The European Union agreed a raft of anti-tax evasion measures Tuesday that would make it harder for multinationals to shift profits to countri...


Asia shares rise, sterling steadies ahead of Brexit vote

/ Wednesday, 22 June 2016 00:00

    Reuters: Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by gro...


Today's Columnists

Transforming next-gen leaders

24 June 2016

  It is evident that conventional leadership development practices are no longer adequate. Organisations globally need to incorporate the next generation leadership competencies in order to address the development needs of th...


“Thondaman is a threat to my life”: Digambaran

24 June 2016

“Arumugam Thondaman objected to the former President offering me a ministerial portfolio. Now that we are in power, I will not allow him becoming a cabinet minister in our Government,” declared Minister of Upcountry New Housing Infrast...


National Govt.: Does it require more time to achieve its utility?

24 June 2016

Theory of a coups d’état In the wee hours of 9 January 2015, an interesting incident was reported in mass media. It was the sighting of the former Chief Justice Mohan Peiris at the palace giving possibly legal advice or perhaps advi...


Our FDI effort needs a makeover

24 June 2016

 Prime Minister Ranil Wickremesinghe speaking at a press conference in Davos     Today for Sri Lanka to attract investment, we all know we need good institutions favouring economic freedom and the ease of doi...


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