Columnists,Financial Services

Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Views - 104 Wednesday, 22 November 2017 00:00

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.

Early adoption and working together crucial for banking industry evolution

Views - 33 Wednesday, 22 November 2017 00:00

Banks need to devise strategies that can help them grow and stay on course in the face of unprecedented regulatory and technology changes facing them, a top industry expert said yesterday.

S&P revises Sri Lanka Outlook to Stable from Negative; ‘B+/B’ ratings affirmed

Views - 20 Wednesday, 22 November 2017 00:00

On 20 November, S&P Global Ratings revised its outlook on the Democratic Socialist Republic of Sri Lanka to Stable from Negative. At the same time, it affirmed its ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on

Renuka Hotels commences trading at CSE

Views - 67 Wednesday, 22 November 2017 00:00

The shares of Renuka Hotels Ltd. (CODE: RCH) commenced trading on the Colombo Stock Exchange (CSE) yesterday.

Ceylinco Insurance announces excellent 3Q results with after tax profit of Rs. 3.4 b

Views - 32 Wednesday, 22 November 2017 00:00

Announcing the results for Ceylinco Insurance PLC up to 30 September 2017, Managing Director/CEO Ajith Gunawardena said:

Epic Technology Group partners with Association of Professional Bankers 29th Anniversary Convention

Views - 47 Wednesday, 22 November 2017 00:00

Premier and award winning regional technology leader – Epic Technology Group synonymous for innovative and superior ‘FinTech’ solutions has partnered with the Association of Professional Bankers as Platinum Sponsor for their

Bourse edges down despite heavy foreign buying

Views - 43 Wednesday, 22 November 2017 00:00

Reuters: Shares ended slightly weaker on Tuesday, led lower by large cap Ceylon Tobacco Company , but heavy buying by foreign investors in blue chips capped the decline.

Secondary bond market activity picks up as yields dip on rating upgrade

Views - 64 Wednesday, 22 November 2017 00:00

Activity in the secondary bond market picked up yesterday as Sri Lanka’s rating outlook was upgraded to stable from negative by Standard and Poor’s.

Pan Asia Bank records major wins at 17th SLIM NASCO awards

Views - 53 Tuesday, 21 November 2017 00:00

Pan Asia Bank’s Consumer Assets Sales Manager Sithira Gamwarige and Consumer Loan Sales Executive Amila Fernando won the gold and silver awards in the Territory Manager and Executive Grade categories respectively

Allianz Lanka keeps up impressive growth momentum through 3Q

Views - 51 Tuesday, 21 November 2017 00:00

Allianz Lanka said yesterday it continued to maintain impressive performance across its general and life businesses through the nine months ended 30September2017.

Asia stocks falter as weakness in China markets dim mood

Views - 10 Tuesday, 21 November 2017 00:00

Tokyo (Reuters): Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks

Amãna Bank introduces instant SMS alerts

Views - 25 Tuesday, 21 November 2017 00:00

Amana Bank, in line with its ongoing digital focus, has launched instant SMS alerts on key banking transactions to keep customers updated as and when they occur.

CDB partners SLIM Brand Excellence Awards 2017 as Official Financial Service Provider

Views - 30 Tuesday, 21 November 2017 00:00

Citizens Development Business Finance Plc (CDB) will be the Official Financial Service Provider of the SLIM Brand Excellence Awards 2017.

Bourse edges down; traders await fresh cues

Views - 33 Tuesday, 21 November 2017 00:00

Colombo (Reuters): Shares ended marginally lower on Monday, with traders staying on the sidelines for want of fresh triggers amid expectations of certain amendments in the Budget.

HSBC introduces World Corporate MasterCard to Sri Lanka

Views - 43 Tuesday, 21 November 2017 00:00

HSBC has introduced the World Corporate MasterCard into Sri Lanka. Accepted at 34 million merchants worldwide,

Rupee ends steady in dull trade

Views - 21 Tuesday, 21 November 2017 00:00

Reuters - The Sri Lankan rupee closed flat on Monday in dull trade as importer dollar demand was offset by exporter conversion of U.S. currency, dealers said.

Secondary bond market activity at a complete standstill

Views - 46 Tuesday, 21 November 2017 00:00

Sentiment in the secondary bond market turned bearish yesterday, as activity came to a complete standstill with the yields on two-way quotes widening.

Secondary market bond yields increase for first time in three weeks

Views - 93 Monday, 20 November 2017 00:05

Fuelled by renewed selling interest, the secondary market bond yields increased during the week, reflecting a parallel shift upwards of the overall yield curve, for the first time in three weeks.

Nishantha appointed CEO of People’s Merchant Finance

Views - 105 Monday, 20 November 2017 00:03

People’s Merchant Finance Plc has announced the appointment of Udeni Nishantha Gunasekera as the new CEO in place of acting CEO K. Sanjeewa Bandaranaike.

Fitch assigns final ratings to LB Finance’s senior, subordinated debt

Views - 36 Monday, 20 November 2017 00:00

Fitch Ratings has assigned LB Finance PLC’s (LB; A-(lka)/Stable) proposed senior unsecured and subordinated debentures final National Long-Term Ratings of ‘A-(lka)’ and ‘BBB+(lka)’ respectively.

International Ethics Board Chairman, CA Sri Lanka officials meet Central Bank Governor, SEC Chairman

Views - 62 Wednesday, 15 November 2017 00:18

The Chairman of the International Ethics Standard Board for Accountants (IESBA) Dr. Stavros Thomadakis, who was in Sri Lanka recently on an invitation extended to him by the Institute of Chartered Accountants of Sri Lanka (CA Sri

CB approved MMBL-Pathfinder Group’s money changing service debuts

Views - 52 Wednesday, 15 November 2017 00:16

MMBL-Pathfinder Group has launched ‘Pathfinder – Money’, a Central Bank approved money changing service to cater to the fast growing tourism industry in Sri Lanka. The initial pilot project for this venture was opened recently

Bond market yields continue to increase ahead of weekly bills auction

Views - 105 Wednesday, 15 November 2017 00:13

The secondary bond market yields increased further yesterday on the back of average volumes changing hands with selling interest mainly on the liquid maturity of 01.08.26 resulting in its yield hitting an intraday high of 10.25%

Vallibel Finance honoured with two top accolades from LMD

Views - 36 Wednesday, 15 November 2017 00:12

Vallibel Finance was named both ‘Sector Winner’ of the Finance and Leasing Sector and ‘Most Respected Finance/Leasing Company’ in Lanka Monthly Digest’s (LMD) Most Respected Rankings 2017.

Asia stocks subdued as China data disappoints

Views - 13 Wednesday, 15 November 2017 00:10

Sydney (Reuters): Asian stocks put in a subdued performance on Tuesday as Chinese economic data disappointed and investors pondered whether a marked flattening in the US yield curve might be a harbinger of a

Investment options beyond fixed deposits and savings accounts

Views - 564 Wednesday, 15 November 2017 00:08

The majority of Sri Lankans invest their hard earned money in banks and finance companies in the form of fixed deposits and savings products. However, there are a number of other financial instruments available for investment for retail investors whi

Crowdfunding: Its economic impact and regulation

Views - 145 Wednesday, 15 November 2017 00:03

Crowdfunding is the pooling of small amounts by a large number of investors to fund a project and crowdfunding is carried out using the internet. Crowdfunding is a novel approach for raising funds and is known to have been in

Softlogic Life grows by 28% recording GWP of Rs. 5.3 b in 9 months

Views - 69 Tuesday, 14 November 2017 00:00

Softlogic Life Insurance PLC has more than doubled market growth recording Gross Written Premiums of Rs. 5.283 billion an increase of 28.3%

Standard Chartered’s outstanding wipe out rewards clients

Views - 46 Tuesday, 14 November 2017 00:00

Anura H. Siriwardena became the first winner of Standard Chartered’s credit card outstanding wipe out. Siriwardena

HNBA Group delivers solid performance during Q3

Views - 67 Tuesday, 14 November 2017 00:00

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Ltd. (HNBGI) posted a Profit After Tax (PAT) of Rs. 282 million for the nine months ended, 30 September, depicting a growth of 166%

Today's Columnists

Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Wednesday, 22 November 2017

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law

Ranil’s reluctant tryst with truth

Wednesday, 22 November 2017

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence

Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Wednesday, 22 November 2017

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.

Extending the net of AML/CFT: The need for public awareness

Tuesday, 21 November 2017

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing

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