Financial Services

Yields remain mostly unchanged ahead of weekly bill auction

Views - 22 Wednesday, 20 June 2018 00:00

Secondary bond market yields remained mostly unchanged yesterday, baring the 10-year maturity, ahead of the weekly Treasury bill auction.


Commercial Bank adjudged Best Internet Bank in Sri Lanka for 3rd year in a row

Views - 11 Wednesday, 20 June 2018 00:00

The Commercial Bank of Ceylon has been named the Best Internet Bank in Sri Lanka by Global Banking & Finance Review of the UK, for the third successive year.


DFCC Bank expands in Buttala and Wellawaya to enhance customer experience

Views - 4 Wednesday, 20 June 2018 00:00

DFCC Bank inaugurated two new branches in the towns of Buttala and Wellawaya on 14 June, bringing its financial


Ceylinco Life policyholders take in the marvels of Rome on 4-day visit

Views - 5 Wednesday, 20 June 2018 00:00

It was more than a case of doing what the Romans do when a group of Ceylinco Life policyholders and their families


NDB powers WinFest: First career concert in Sri Lanka

Views - 14 Wednesday, 20 June 2018 00:00

A digital and physical platform for inspirational and insightful youth with education and entertainment – WinFest 2018 will be held on 23 June at Trace Expert City, Maradana powered by NDB.


Stocks extend losses to 9th session as weak rupee weighs

Views - 15 Wednesday, 20 June 2018 00:00

Reuters: Shares fell for a ninth consecutive session on Tuesday to their lowest close in more than a year, led by losses in heavyweight John Keells Holdings Plc.


Rupee down on importer dollar demand

Views - 14 Wednesday, 20 June 2018 00:00

Reuters: The rupee ended weaker on Tuesday in dull trade, near a record low hit in the previous session, as importer


Kanrich Finance commences gold services in Kurunegala

Views - 29 Tuesday, 19 June 2018 00:00

Kanrich Finance, a leading financial organisation in the country, with a distinguished history of over 45 years, commenced its gold loan services at the Kurunegala branch recently. The services were inaugurated by Kanrich Finance Deputy General Mana


Ceylinco Life policyholders take in the marvels of Rome on 4-day visit

Views - 14 Tuesday, 19 June 2018 00:00

It was more than a case of doing what the Romans do when a group of Ceylinco Life policyholders and their families spent four days in the Eternal City recently, courtesy of the life insurance leader. The group, comprising of the grand prize winners i


UA enters strategic partnership with NTB for bancassurance operations

Views - 44 Tuesday, 19 June 2018 00:00

Union Assurance (UA) recently became the preferred partner for Nations Trust bancassurance operations with the objective of strategically strengthening its bancassurance channel and to provide life insurance solutions to the extensive customer networ


Activity in secondary bond market moderates 

Views - 55 Tuesday, 19 June 2018 00:00

Activity in the secondary bond market moderated yesterday with limited trades seen on the 01.07.19, 15.12.21, 01.07.22, 15.03.23 and 15.06.27 maturities at levels of 9.43%, 10.05%, 10.20%, 10.42% and 10.62% respectively. In money markets, the OMO De


Central bank withdrawal means tighter times ahead for borrowers

Views - 67 Tuesday, 19 June 2018 00:00

Washington (Reuters): With the world’s two largest central banks now pulling back the economic props used to battle multiple crises, a so-far sturdy global recovery faces a new challenge as rising interest rates begin to take hold. For US consumers


A 10-point guide on bank credit facilities that suit your business best

Views - 151 Tuesday, 19 June 2018 00:00

As a businessman when you visit a bank seeking credit facilities you are faced with a lot of banking jargon with which you are often not conversant. You tend to learn about them only when you start utilising such facilities. Further, if are young and


LB Finance expands to Minuwangoda

Views - 27 Monday, 18 June 2018 00:00

LB Finance, Sri Lanka’s trail-blazer in innovative financial services recently opened a new branch at No. 57, Veyangoda Road, Minuwangoda.


IBSL 24th Convocation; 19 June at BMICH

Views - 41 Monday, 18 June 2018 00:00

The 24th Convocation of the Institute of Bankers of Sri Lanka (IBSL) is scheduled to be held on 19 June from 3 p.m. onwards at BMICH.


DFCC Bank continues to uplift and nurture micro, small and medium sector with ‘Sahaya Hamuwa’

Views - 26 Monday, 18 June 2018 00:00

DFCC Bank recently announced that it will continue to run its ‘Sahaya Hamuwa’ workshops in 2018, which focuses on aiding and uplifting micro, small and medium size businesses and entrepreneurs across the island.


Secondary market bond yields decrease

Views - 82 Monday, 18 June 2018 00:00

The secondary market bond yields were seen decreasing across the yield curve during the week ending 14 June 2018, driven by the outcome of the weekly Treasury bill auction, which saw the weighted average on the 364 day bill decrease for a third conse


Sampath Bank engages Sri Lankan enterprises on doing business in Myanmar

Views - 45 Monday, 18 June 2018 00:00

With a growing interest in the Myanmar market amongst Sri Lankan businesses, Sampath Bank PLC hosted an informative seminar on doing business in Myanmar at the Cinnamon Grand Colombo, recently.


World’s rich grow richer as bull markets roar on: study

Views - 21 Monday, 18 June 2018 00:00

Zurich (Reuters): The pool of money held by the world’s wealthiest people grew by 12% last year to nearly $202 trillion (£152.1 trillion) as bull markets and the dollar’s weakening against most major currencies boosted global fortunes, an intern


Combank first to provide tokenised Mastercard Payment Gateway Services in SL

Views - 50 Monday, 18 June 2018 00:00

The Commercial Bank of Ceylon in collaboration with Mastercard International has introduced payment processing through Mastercard Payment Gateway Services (MPGS) in Sri Lanka, and has integrated Takas.lk as the first merchant to use this service.


KPMG to hold workshop on 21 June on challenges from SLFRS on new IRA

Views - 170 Monday, 18 June 2018 00:00

The tax law does not exist in a water tight compartment. Its interaction with company law, administrative law and other commercial laws is well known. However tax law is intertwined with Generally Accepted Accounting Principles (GAAP) to such a degre


CSE makes constituent changes to S&P Sri Lanka 20 Index

Views - 111 Monday, 18 June 2018 00:00

The Colombo Stock Exchange (CSE) has announced the changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2018 mid‐year index rebalance.


Fitch says capital regulations to boost resilience of finance companies

Views - 71 Monday, 18 June 2018 00:00

Fitch Ratings on Thursday said new capital-adequacy regulations for Sri Lankan finance companies are likely to improve the resilience of the sector to economic shocks, but will add to capitalisation pressures – particularly for the country’s nume


World stocks capped by trade war concerns, central banks

Views - 45 Thursday, 14 June 2018 00:00

LONDON (Reuters) - World stocks hovered near one-month highs on Wednesday as an expected U.S. interest rate rise and risks of a fresh outbreak of trade tensions between China and the United States overshadowed a generally benign political and economi


The more FDI, the stronger the economy: Sampath Bank MD

Views - 106 Thursday, 14 June 2018 00:00

By Shannon Jayawardena Being the only Lankan firm in the influential MSCI Frontier Market 100 Index, Sampath Bank Managing Director Nanda Fernando this week emphasised the fact that the more FDI, the stronger the economy. Sri Lanka’s third largest


Secondary market bond yields decrease

Views - 72 Thursday, 14 June 2018 00:00

By Wealth Trust Securities The secondary bond markets remained active yesterday as yields were seen decreasing across the yield curve. Buying interest on the two 2023’s (i.e. 15.03.23 and 15.05.23), 01.08.25, two 2028’s (i.e. 15.03.28 and 01.09.2


CE near 6-month closing low on foreign selling

Views - 56 Thursday, 14 June 2018 00:00

Reuters: Sri Lankan shares ended lower for a sixth straight session yesterday to hit their lowest closing in nearly six months, as foreign investors sold banking shares such as Commercial Bank of Ceylon PLC. The Colombo stock index ended 0.17% weaker


Dileepa Wijesundera joins Amãna Takaful Life Board

Views - 51 Thursday, 14 June 2018 00:00

Former Sri Lanka Telecom Group CEO Dileepa Wijesundera has been appointed to the Board of Amãna Takaful Life PLC, as an Independent Non-Executive Director. Wijesundera is an engineer with extensive experience in project logistics, profitability and


Rupee ends weaker in dull trade

Views - 45 Thursday, 14 June 2018 00:00

Reuters: The Sri Lankan rupee closed slightly lower in thin trade yesterday, hovering near an all-time low hit earlier this week, as importer dollar demand surpassed mild selling of the greenback by banks, dealers said. The spot rupee ended at 159.65


70 Combank branches to be kept open on 15 June – Ramadan Festival Day

Views - 24 Thursday, 14 June 2018 00:00

The Commercial Bank of Ceylon is to keep 70 branches open for business on Friday, 15 June, a public and bank holiday to mark Id-Ul-Fitr – Ramadan Festival Day. Announcing the decision, the bank said the branches scheduled to operate on that day wou


Today's Columnists

Strong trade agreements need 30-50 consultations

Wednesday, 20 June 2018

Coming from a multinational working background, I strongly support free trade given that open competition tends to sharpen


The case of our concealed subservience to China

Wednesday, 20 June 2018

If one takes a close look at the general trend of discourse and debate that has been going on in Sri Lanka, one cannot but be


Muslim markers in Sri Lanka: Changes and challenges

Wednesday, 20 June 2018

If we exclude from our consideration the wars that owe their origin to religious hatred, or to difference in fundamental principles


A 10-point guide on bank credit facilities that suit your business best

Tuesday, 19 June 2018

As a businessman when you visit a bank seeking credit facilities you are faced with a lot of banking jargon with which you are often not conversant. You tend to learn about them only when you start utilising such facilities. Further, if are young and


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