Financial Services

Citi-CCC Rural Economic Empowerment Program facilitates loans to 100 rural entrepreneurs through HNB

Views - 14 Monday, 23 April 2018 00:00

Citi-CCC Rural Economic Empowerment Program was initiated in June 2015 with the financial assistance of Citi Foundation with the main objective of empowering rural entrepreneurs through financial inclusion by providing training on financial literacy

Acuity Partners teams up with ground breaking fintech innovation Huddlestock

Views - 148 Monday, 23 April 2018 00:00

Acuity Partners Ltd. recently launched the unique “Huddlestock” offering in Sri Lanka for busy and less sophisticated retail and institutional investors who are able to and keen on tapping overseas investments as well as international investors t

Arab states finalize regional payment and settlement system

Views - 36 Monday, 23 April 2018 00:00

Abu Dhabi (Reuters): Arab countries have finalised plans to create an independent, regional cross-border payments system after current arrangements were hit by a rise in compliance costs and downsizing by some international banks.

Regulation and impact investment figure prominently in LMFPA’s South Asia Microfinance Conference

Views - 15 Monday, 23 April 2018 00:00

Sri Lanka hosted its first ever South Asian Micro-Entrepreneurs Network (SAMN) conference recently, with the participation of over 280 micro-finance practitioners and industry stakeholders from across the region

HNB signs up again as Strategic Banking Partner of National Chamber of Exporters

Views - 28 Monday, 23 April 2018 00:00

HNB a leading private sector commercial bank in Sri Lanka, which offers many financial products for Sri Lankan exporters, especially to export oriented small and medium enterprises, has joined hands with the NCE, as the strategic partner of the Chamb

People’s Bank opens Self-Banking Units at Kandy, Gampola and Nawalapitiya stations

Views - 17 Monday, 23 April 2018 00:00

People’s Bank recently inaugurated Self-Banking Units at the Kandy, Gampola and Nawalapitiya railway stations, in line with the initiative driven by People’s Bank in collaboration with the Sri Lanka Railway Department, to install 100 Self-Banking

Parallel shift upwards of yield curve during the week

Views - 36 Monday, 23 April 2018 00:00

The bullish sentiment that prevailed in the secondary bond market was seen turning bearish during the week ending 20 April as selling interest and profit-taking across the yield curve saw yields pick up on moderate volumes.

US-China trade row threatens global confidence: IMF’s Lagarde

Views - 32 Friday, 20 April 2018 00:00

WASHINGTON (Reuters) - The biggest danger from the U.S.-China trade dispute is the threat to global confidence and investment

Gold dips on firmer dollar, declining global tensions

Views - 37 Friday, 20 April 2018 00:00

LONDON (Reuters): Gold prices dipped on Thursday, weighed down by a firmer dollar and a decline in global geopolitical tensions

Resource stocks rally as oil surges, bonds suffer

Views - 21 Friday, 20 April 2018 00:00

SYDNEY (Reuters): Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014

Currency trading volumes hit record highs in first quarter

Views - 23 Friday, 20 April 2018 00:00

LONDON (Reuters) - Foreign exchange trading volumes rose to a record high in the first three months of the year,

Most Asia currencies edge up as dollar steadies

Views - 14 Friday, 20 April 2018 00:00

Reuters: Most emerging Asian currencies inched higher on Thursday as regional equities firmed and the US dollar steadied.

Price rally, cash crunch dulls India’s Akshaya Tritiya festival buying

Views - 13 Friday, 20 April 2018 00:00

Mumbai/Bengaluru (Reuters): Demand for physical gold was lower-than-usual during a key festival in the world’s second biggest

CSE ends weaker as investors sell select blue chips

Views - 40 Friday, 20 April 2018 00:00

Reuters: The share index slipped on Thursday from a five-week closing high hit the previous day, snapping a six-session winning streak

HNB concludes Gami Pubuduwa Avurudu Pola with resounding success

Views - 22 Friday, 20 April 2018 00:00

The Gami Pubuduwa Avurudu Pola, the annual SME focused trade fair organised by Sri Lanka’s premier private sector bank

Iran switches from dollar to euro for foreign transactions

Views - 18 Friday, 20 April 2018 00:00

London (Reuters): Iran has switched from the US dollar to the euro as its official reporting foreign currency, state media reported on yesterday (18 April)

Deutsche Bank COO to leave amid continuing management reshuffle

Views - 14 Friday, 20 April 2018 00:00

Frankfurt (Reuters): Deutsche Bank’s chief operating officer Kim Hammonds is stepping down, the German lender said on Wednesday,

NDB increases debit card daily limits of purchases and ATM withdrawals

Views - 21 Friday, 20 April 2018 00:00

Understanding the need to allow more self-banking, NDB has increased daily limits of NDB Debit Cards. Accordingly

Nations Trust Bank Service Centre, ATM at JKH Waterfront

Views - 36 Friday, 20 April 2018 00:00

Nations Trust Bank recently inaugurated a new Service Centre and a state-of-the-art ATM at the JKH Waterfront development

Pan Asia Bank Trailblazers Awards Night 2018

Views - 18 Friday, 20 April 2018 00:00

In a night filled with glitter and glamour, Pan Asia Bank recently held its Trailblazers 2018 Banking Awards

Bond yields increase marginally amidst thin trades

Views - 36 Friday, 20 April 2018 00:00

Secondary market bond yields increased marginally yesterday amidst thin volumes consisting mostly of the two liquid maturities

AL Kasir Group launches world’s first diamond backed crypto-assets

Views - 312 Thursday, 19 April 2018 09:00

The world’s first diamond backed crypto assets were launched over the weekend in Dubai, by the Al Kasir Group, bringing diamond trading to the blockchain. The Al Kasir Group, a joint venture between the Private office of Sheikh Ahmed Bin Obaid Al M

Global board releases revamped Code of Ethics for professional accountants

Views - 27 Thursday, 19 April 2018 00:41

The International Ethics Standards Board for Accountants (IESBA) has released a completely rewritten Code of Ethics for Professional Accountants that is easier to navigate, use and enforce.

Amendments to Monetary Law Act to adopt flexible inflation targeting policy

Views - 89 Thursday, 19 April 2018 00:02

The Government is to bring amendments to the Monetary Law Act to facilitate the adoption of the flexible inflation targeting policy framework by the Central Bank.

CSE extends gains, hit 5-week closing high

Views - 43 Thursday, 19 April 2018 00:00

Reuters: The share index ended at its highest close in more than five weeks on Wednesday, gaining for a sixth straight session, but many market participants stayed away due to extended holidays after the Sinhala-Tamil New Year festival last weekend.

World stocks at four-week highs as earnings rekindle risk appetite

Views - 12 Thursday, 19 April 2018 00:00

London (Reuters): Global stocks climbed to their highest in nearly four weeks on Wednesday as strong US first-quarter earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump.

India calms cash crunch worries, will ensure adequate currency supply

Views - 18 Thursday, 19 April 2018 00:00

Mumbai (Reuters): The Government and the Reserve Bank of India said on Tuesday they will ensure there is an adequate amount of cash in circulation, following reports that banks’ automated teller machines (ATMs) had run out of notes in different par

NDB Privilege Banking Centre opened at relocated Pelawatte branch

Views - 34 Thursday, 19 April 2018 00:00

NDB relocated its Pelawatte branch to a more spacious and a conveniently accessible location at 301, Pannipitiya Road, Battaramulla in a bid to provide a better service experience to people in the area. Furthermore, NDB also ceremoniously opened a ne

364-day bill weighted average yield decreases further

Views - 62 Thursday, 19 April 2018 00:00

The 364-day bill weighted average yield decreased further at yesterday’s weekly bill auction, registering a drop of six basis points to 9.65%.

UK watchdog to scrutinise quality of hires at top auditors

Views - 25 Thursday, 19 April 2018 00:00

London (Reuters): Britain’s top six accounting firms will come under increased scrutiny from the audit watchdog, including checks on their top hires, after corporate scandals raised questions about the quality of book-keeping.

Today's Columnists

Designers of Sri Lanka’s Future: Episode I Nihal Ranasinghe

Monday, 23 April 2018

To sustain economic growth, Sri Lanka needs a critical pool of daring people who would see things differently and design a new future.

Lalith: An invincible legacy

Monday, 23 April 2018

The twenty third day of April, 1993 is among a handful of blots in our national hall of shame. It was the day on which a lone gunman, perhaps with conspirators yet unknown, acted to neutralise a political threat by depriving all Sri Lankans of the in

Sri Lanka lost its maritime aspirations 60 years ago

Monday, 23 April 2018

Protectionism was the key factor that prevented Sri Lanka becoming a maritime hub 60 years ago,when our leaders could not see beyond the horizons to develop the nation in the late 50s and early 60s, which opened the doors to Singapore to be what it i

‘The Ants’ as a ‘disruptive’ teledrama: Managerial insights

Monday, 23 April 2018

I hardly watch teledramas, not only because I value my time but also because of their questionable value.

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