Financial Services

LOLC Finance sets benchmark in Sukuk issuances in South Asia

/ Tuesday, 30 August 2016 00:14

LOLC Finance PLC has successfully issued a Rs. 500 million ($ 3.37 million) Sukuk from the domestic market, setting a precedent for corporate Sukuk...


Fitch affirms Sri Lanka Insurance Corporation at IFS ‘B+’/Negative

/ Tuesday, 30 August 2016 00:13

Fitch Ratings has affirmed Sri Lanka Insurance Corporation Ltd.’s (SLIC) Insurer Financial Strength (IFS) rating at ‘B+’ with a N...


Secondary market bond yields increase marginally ahead of monetary policy announcement

/ Tuesday, 30 August 2016 00:12

By Wealth Trust Securities Secondary market bond yields were seen increasing marginally ahead of today’s monetary policy announcement, whic...


Bourse dips on profit-taking

/ Tuesday, 30 August 2016 00:11

Reuters: Shares fell for a second straight session on Monday in moderate volume as investors booked profits. The increase in excise duty on diese...


RBI retains ‘too big to fail’ status for SBI, ICICI Bank

/ Tuesday, 30 August 2016 00:10

The Reserve Bank of India (RBI) on Thursday retained State Bank of India and ICICI Bank, the nation’s top two lenders by assets, as ‘do...


Pan Asia Bank moves ahead gaining rapid growth

/ Tuesday, 30 August 2016 00:06

Pan Asia Bank which is known for its range of novel innovative products and services is in the process of introducing new online and mobile banking...


7th Annual NAFLIA Congress attracts over 1,000 participants

/ Tuesday, 30 August 2016 00:04

Over 1,000 life insurance sales professionals gathered at the BMICH on 19 August for the seventh annual National Forum for Life Insurance Advisers ...


Multi Finance relocates Matara branch

/ Tuesday, 30 August 2016 00:03

Multi Finance PLC, one of Sri Lanka’s oldest and most respected financial institutions which celebrated its 41st anniversary, has marked anot...


Beyond profitability, Bank of Ceylon conducts workshop on “Integrity at work, in financial services”

/ Tuesday, 30 August 2016 00:02

For the first time in Sri Lanka, a bank has conducted a workshop recently on “Integrity at Work, in Financial Services.”  The wo...


HNB Grameen relocates Nittambuwa branch to convenient location

/ Tuesday, 30 August 2016 00:01

Pioneers in microfinance HNB Grameen recently relocated the company’s Nittambuwa branch to a strategic location at No. 34, Kandy Road, Nittam...


Fed’s Yellen sees stronger case for interest rate hike

/ Monday, 29 August 2016 00:01

Fed chief leaves door open for policy tightening Fischer signals September rate hike on the table Investors skeptical higher rates imminent J...


SANASA Development Bank steps into 19th year

/ Monday, 29 August 2016 00:01

The SANASA Development Bank a pioneering financial institution founded on supporting the grassroots levels of Sri Lanka just celebrated its 19th an...


Global central bankers, stuck at zero, unite in plea for help from governments

/ Monday, 29 August 2016 00:01

Reuters: Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates ove...


Nations Trust Bank successfully concludes annual Investor Forum for 2016

/ Monday, 29 August 2016 00:01

Nations Trust Bank recently concluded its sixth annual Investor Forum, showcasing the bank’s financial performance and noteworthy achievement...


Standard Chartered reintroduces Priority Banking proposition

/ Monday, 29 August 2016 00:01

Standard Chartered has reintroduced its Priority Banking proposition with some very attractive features included in this its fastest growi...


Adrian Perera appointed to Adam Investments Plc and Adam Capital Plc boards

/ Monday, 29 August 2016 00:01

Adam Investments Plc and Adam Capital Plc appointed W.A. Adrian Perera to its board as an Independent Non-Executive Director.  Perera is a F...


Parallel shift downwards of yield curve during the week

/ Monday, 29 August 2016 00:01

By Wealth Trust Securities The sharp reduction in primary market Treasury bond averages, the increase in market liquidity to an eight week hi...


Bank of Ceylon’s Kilinochchi branch opens at new location

/ Monday, 29 August 2016 00:01

Bank of Ceylon Chairman, President’s Counsel Ronald C. Perera declares open the Kilinochchi branch. General Manager D.M. Gunasekera, Deputy G...


‘CLC Islamic Finance’ celebrates first anniversary

/ Monday, 29 August 2016 00:01

The Islamic Business Division (IBD) of Commercial Leasing and Finance PLC (CLC) successfully completed its first year in operations embody...


Union Assurance relocates Trincomalee Regional Office

/ Monday, 29 August 2016 00:01

Assistant General Manager  (Marketing and Distribution) Dharshana Amarasiynghe, Head of Sales Jayantha Kumara, Zonal Manager - Eastern Zone Ma...


Today's Columnists

Going back to the basics: SMEs need a single line ministry

30 August 2016

Let’s accept it - we are facing challenging times politically and economically. While some can blame the past, the fact of the matter is that the private sector is crying out for policy consistency and the support of the public sector throug...


Towards a mosquito-free monsoon

30 August 2016

Mosquitos spread life-threatening diseases; control them now Mosquitos are a pest with no equal. Though not all mosquitos transmit life-threatening diseases, those that do kill approximately 725,000 people worldwide every year. When n...


Economics of A.S Jayawardena Part III: AS’s short spell as Central Bank’s Economic Research Director

29 August 2016

The summary of the episodes so far The first part of this series looked at how AS, a radical socialist economist in his young days, was converted to a free market economic thinker. The second part dealt with how he took forward the mission of th...


Tourism can be Sri Lanka’s oil well if we drill with the correct marketing tools

29 August 2016

  Branding is a promise that will persuade tourists to come to Sri Lanka. It must be based on meeting the needs of the tourists from our target markets.The real challenge is to really understand these needs Success depends on ...


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