Financial Services

Leasing Council of Bankers of Sri Lanka to play key role in industry and national progress

Views - 49 Friday, 22 March 2019 00:00

The Leasing Council of Bankers of Sri Lanka (LCBSL) believes there is strong potential for progression, within the banking sector actively engaged in leasing, thus supporting the development of the country’s financial sector and the economy as a wh

Secondary market bond yields retreat

Views - 62 Friday, 22 March 2019 00:00

By Wealth Trust Securities  The secondary bond market rallied yesterday as yields retreated across the yield curve on the back of fresh foreign and local buying interest. Demand mainly for the 15.03.24 and 01.05.29 maturities saw its yields dip to i

Commercial Credit wins SLIM award for ‘People’s Advertisement of the Year’ for 4th time

Views - 21 Friday, 22 March 2019 00:00

Commercial Credit and Finance PLC, accredited internationally as one of Sri Lanka’s premier financial services organisations, is widely recognised for benchmarking the highest standards in services and performance. Also identified as one of the fa

NDB ‘Kohetath Kalin Kohatath Kalin’ Avurudu gifts galore

Views - 36 Friday, 22 March 2019 00:00

NDB brings Avurudu early this year with ‘Kohetath Kalin Kohatath Kalin’ Avurudu offers where the Bank is offering exciting gifts for savings where customers can simply deposit in an NDB savings account and walk away with valuable gifts or voucher

AIA Walk for Life Jaffna

Views - 10 Friday, 22 March 2019 00:00

The world’s largest life insurer, AIA’s centennial celebrations continued in Jaffna with over 200 customers, employees and Wealth Planners from the North and East branches uniting to celebrate AIA’s 100-year journey. Participants pledged to mak

eZ Cash partners Fintrex Finance to facilitate easy leasing payments

Views - 42 Friday, 22 March 2019 00:00

Sri Lanka’s first and largest mobile money and payment service, eZ Cash, announced its most recent partnership with Fintrex Finance Ltd., in order to enable customers to pay their leasing payments via eZ Cash. All Fintrex Finance customers will now

Downward spiral of 364-day bill continues

Views - 79 Thursday, 21 March 2019 00:05

By Wealth Trust Securities The decreasing trend in the weekly weighted averages continued at Tuesday’s Treasury bill auction, led by the benchmark 364-day bill with its weighted average dipping by six basis points to a 19-week low of 10.52%. This w

Foreign investors turned net buyers of Asian bonds in February

Views - 25 Thursday, 21 March 2019 00:04

Reuters: Foreigners turned net buyers of Asian bonds in February, however the flows were uneven as political uncertainty in parts of the region dampened optimism that the United States and China were inching toward a trade deal. Foreigners bought a n

People’s Bank wins for 13th consecutive year at SLIM-Nielsen People’s Awards 2019

Views - 34 Thursday, 21 March 2019 00:01

Continuing its winning streak, People’s Bank was bestowed with the ‘People’s Service Brand of the Year’ and ‘People’s Banking Service Provider of the Year’ awards at the recently-concluded SLIM-Nielson People’s Awards 2019. Organized

Nations Trust Bank American Express official event partner at Fireside Chat 2019

Views - 28 Thursday, 21 March 2019 00:00

For the secondconsecutive year, Nations Trust Bank American Express partnered with the Chartered Institute of Management Accountants (CIMA) Sri Lanka Division along with the International Chamber of Commerce Sri Lanka (ICCSL) to present Fireside Chat

CSE and GRI to host Forum on Sustainability Reporting on 28 March

Views - 51 Thursday, 21 March 2019 00:00

The Colombo Stock Exchange (CSE) and the Global Reporting Initiative (GRI) will be hosting a forum onproviding guidance to listed companies on ESG disclosures. The theme of the Forum is ‘Sustainability Reporting for Sustainable Development’. This

LB Finance steps closer to the hearts of the people

Views - 46 Thursday, 21 March 2019 00:00

By Hiruni Dasanayake Starting its journey in 1971, LB Finance PLC has continued to strive towards success by bringing up financial solutions to the people. This financial institution is synonymous with convenience and friendly service provided to the

Seylan Bank expands Off-Site ATM footprint to Mount Lavinia

Views - 18 Thursday, 21 March 2019 00:00

With a strong focus to offer cutting-edge banking services, Seylan Bank unveiled its latest Off-Site Automated Teller Machine (ATM), at the Angler Restaurant in Mt. Lavinia, recently. Located at the heart of Mt. Lavinia, the new Off-Site ATM will en

Lacklustre environment in bond markets ahead of weekly bills auction

Views - 79 Tuesday, 19 March 2019 01:22

By Wealth Trust Securities The secondary bond market commenced the week on a rather dull note yesterday with limited trades seen on the 01.08.21 and 15.03.24 maturities within the range of 10.80% to 10.90% and 11.05% to 11.08% respectively. Today’s

Siyapatha Finance appoints Ananda Seneviratne as MD

Views - 72 Tuesday, 19 March 2019 01:22

Experienced businessman and accountant,. Ananda Seneviratne recently took on the role as the new Managing Director of Siyapatha Finance PLC. Boasting over 36 years’ worth of experience in the local and international industries, Seneviratne is a gr

KPMG renews Platinum Status with ACCA

Views - 68 Tuesday, 19 March 2019 00:00

KPMG values the benefits of a foundation of education and lifelong learning and strives to develop professionals with strong values and integrity. KPMG in Sri Lankahas been a respected leader in the industry for over 120 years, and nurtures accountan

ACCA recognises BDO Sri Lanka as approved employer with highest platinum standards

Views - 22 Tuesday, 19 March 2019 00:00

The global professional accounting body, Association of Chartered Certified Accountants (ACCA) recently awarded BDO Sri Lanka platinum-level Approved Employer status in recognition of the organisation’s high quality training and development given f

SWT Associates successfully hosts IAPA 2019 Asia Pacific Regional Conference

Views - 42 Tuesday, 19 March 2019 00:00

Sri Lanka’s leading Chartered Accountant firm SWT Associates, successfully hosted the IAPA Asia Pacific Regional Conference in Colombo, bringing together 25 accounting firms from 20 countries. The discussions for this year’s conference were focus

Alliance Finance Co. ‘Mega – Gold Loan’ winners rewarded

Views - 21 Tuesday, 19 March 2019 00:00

Alliance Finance Co. PLC, the third oldest finance company in Sri Lanka, successfully concluded the ‘AFC Mega – Gold Loan Promotion’, with an aim to reward their loyal customers this season. Three grand winners, and winners of 25 consolation pr

BOC opens branches in Domagahawela and Sewanagala offering digital banking to Uva Province

Views - 22 Tuesday, 19 March 2019 00:00

The Bank of Ceylon’s newest branches were opened at Domagahawela and Sewanagala in the Uva Province recently to add convenience together with the novel digital banking technology to customers in those areas. BOC Sewanagala was ceremoniously opened

DFCC Bank introduces interactive e-statement for credit cards

Views - 33 Tuesday, 19 March 2019 00:00

DFCC Bank recently launched an Interactive Credit Card e-statement which allows cardholders to clearly view their monthly spend with ease. The Interactive Credit Card e-statement offers category-wise tracking of spending through graphical illustr

HNBA joins hands with CCPSL for 4th consecutive year

Views - 24 Tuesday, 19 March 2019 00:00

HNB Assurance PLC (HNBA) and the College of Community Physicians of Sri Lanka (CCPSL) entered into an MoU recently with the objective of creating awareness and educating the general public on a number of causes related to health and wellbeing. Sharin

Bimputh Finance celebrate 4th Colours Night

Views - 20 Tuesday, 19 March 2019 00:00

Bimputh Finance celebrated their Colours Night for the fourth consecutive time at the Stein Studio Ratmalana. The annually-held event recognised those employees who had played a significant role in supporting the company achieve its vision and conclu

CSE Chairman’s views on the way forward for the stock market

Views - 288 Tuesday, 19 March 2019 00:00

CSE Chairman Ray Abeywardena who was a panellist at the 7th Annual Capital Market Conference organised by UTO Educonsult Ltd. which was held on 13 March at the Ramada Hotel airing his views on the plans to develop the market confirmed that initiative

Mamaduwa resigns, Wimalasiri new Acting CEO at The Finance

Views - 318 Monday, 18 March 2019 00:00

Kosala S. Wimalasiri has been appointed as the Acting CEO of The Finance PLC following the resignation of Nimal J.B. Mamaduwa. Wimalasiri joined TFC as a sales manager in November 2005 and during his tenure has designated as a Branch Manager in April

Yield curve registers parallel shift upwards for first time in four weeks

Views - 109 Monday, 18 March 2019 00:00

The secondary market bond yield curve was seen recording a parallel shift upwards for the week ending 15 March following three consecutive weeks of downward shifts. The upward shift was driven by the outcome of the two Treasury bond auctions conducte

E&Y Forum highlights salient features of 2019 Budget

Views - 137 Friday, 15 March 2019 00:00

The 19th customary post-Budget discussion organised by Ernst &Young (EY) brought together a host of business leaders and professionals to highlight salient features of the 2019 Budget as well as to share key insights on its impact to different sector

Investors turn bullish on Indian rupee, long on most Asian currencies: Reuters poll

Views - 48 Friday, 15 March 2019 00:00

Reuters: Investors are bullish on the Indian rupee for the first time in nearly a year, a Reuters poll showed, as a recent surge in popularity of the country’s ruling party is expected to bode well for its alliance in the upcoming national election

Stock market recovers from 5-1/2-year low, rupee firms

Views - 262 Friday, 15 March 2019 00:00

Reuters: Sri Lankan shares recovered from a 5-1/2-year low on Thursday on bargain hunting after four straight sessions of losses, but concerns over economic and political stability kept the gains in check. The Colombo Stock Exchange index rose 0.46%

Bond market subdued; bill market ignites

Views - 69 Friday, 15 March 2019 00:00

By Wealth Trust Securities The secondary bond market activity moderated yesterday, while activity in the secondary bill market picked up. Limited trades on the bond maturities of the three 2021’s (i.e. 01.08.21, 15.10.21 & 15.12.21) and 15.03.24 we

Today's Columnists

M.N. Nambiar: Birth centenary of Tamil cinema’s greatest screen villain

Saturday, 23 March 2019

Thursday 7 March this year was the birth centenary of Indian film actor Manjeri Narayanan Nambiar known to the world at large as M.N. Nambiar. The great Thespian who made a name for himself by acting in negative roles was hailed by many as the greate

An innocent utopian dream

Saturday, 23 March 2019

In an article published in the Daily FT on 19 February 2015, I predicted the trajectory of the ‘Yahapalana’ Government. In that piece of conjecture captioned ‘Maithri’s Mandate and Ranil’s Royalist Regency’ I said that Sri Lanka was witne

Historic betrayal of SLMC and ACMC

Saturday, 23 March 2019

It appears, according to a news report that the leaders of SLMC, ACMC and DPF during a meeting with President Sirisena to discuss constitutional reforms have “reneged on their promise to back the ongoing efforts to abolish the executive presidency

Playing with history

Friday, 22 March 2019

First of all, I was delighted to note a counter criticism ‘A reply to Victor Ivan’s ‘What went wrong with Sri Lanka?’ published in the Financial Times on 11 March in response to my article which appeared in the same newspaper on 22 February.

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