Financial Services

Ceylinco Life launches 2-month campaign to revive lapsed policies

Views - 30 Tuesday, 23 July 2019 01:04

Ceylinco Life has launched a two-month campaign to encourage policyholders to revive lapsed policies and is offering to waive 50% of the late payment fee for those who respond before end-August 2019. A lapsed policy can be revived by paying the misse

Seylan Bank relocates Badureliya branch to expand services

Views - 27 Tuesday, 23 July 2019 01:04

In response to the demands of integrated banking services, Seylan Bank has relocated its Badureliya branch to a more convenient facility with latest banking services. Located at No. 142/143/144, Rathnapura Road, Badureliya, the new branch will be op

Citi named Asia’s Best Bank for transaction services by Euromoney

Views - 42 Tuesday, 23 July 2019 01:03

Citi’s Asia franchise was recently recognised as the region’s Best Bank for Transaction Services by Euromoney in its 2019 Awards for Excellence program. Held annually, Euromoney’s Awards for Excellence program is regarded as one of the most pre

SWIFT launches enhanced gpi service for corporates

Views - 32 Tuesday, 23 July 2019 01:03

BRUSSELS: SWIFT, a global leading provider of secure financial messaging services, has announced the further enhancement of its gpi service with the full go-live of SWIFT gpi for corporates. The capability is designed and built in conjunction with ba

SEC’s dialogue with Public Listed Companies today

Views - 205 Tuesday, 23 July 2019 01:00

The Securities and Exchange Commission of Sri Lanka (SEC) will engage Public Listed Companies in a dialogue today between 4.30 – 7.30 p.m. at the Grand Ball Room, Hilton Colombo. This dialogue, which was originally intimated to PLC’s on 3 April,

HNB Assurance opens market at CSE to celebrate S&P SL 20 Entry

Views - 59 Monday, 22 July 2019 01:17

HNB Assurance PLC rang the opening bell at the Colombo Stock Exchange (CSE) today. The ceremony was organised to celebrate the inclusion of HNB Assurance PLC in the S&P SL20 Index following the 2019 mid-year index review. Chairperson Rose Cooray, Ma

Sri Lanka Insurance expands branch network, opens new branch in Rideegma

Views - 42 Monday, 22 July 2019 01:14

Sri Lanka Insurance opened its newest branch in Rideegama providing total insurance solutions with a hassle-free customer experience for the customers in the area. The new branch opened its doors to customers on 11 July amidst a gathering of customer

AIA Insurance recognised as a GPW for 7th year running

Views - 42 Monday, 22 July 2019 01:13

AIA Insurance is proud to have been recognised as a Great Place to Work in Sri Lanka for the seventh consecutive year. Once again, AIA has been adjudged as one of the 25 Best Workplaces in Sri Lanka, while also bagging the Silver Award for Best in L

Bond yields increase for the first time in five weeks

Views - 101 Monday, 22 July 2019 01:10

The secondary bond market saw yields increase during the week ending 19 July 2019, reversing four consecutive weeks of declines. This was despite the weighted averages at the weekly Treasury bill auctions decreasing across the board for a fourth cons

Higher capital rules key to bolster GCC insurance sector

Views - 23 Monday, 22 July 2019 00:51

DUBAI: Plans to increase minimum capital requirements will lead to consolidation in the GCC Islamic insurance industry, S&P Global Ratings said in a new report. “Thanks to strong premium growth in Saudi Arabia and other GCC markets, Islamic insurer

Peak Re named ‘Asian Reinsurer of the Year’ fourth time in a row

Views - 23 Monday, 22 July 2019 00:50

Peak Reinsurance Company Ltd., (Peak Re), a Hong Kong-based global reinsurer, is pleased to announce that it has won the ‘Asian Reinsurer of the Year’ award at the Asian Banking and Finance Insurance Asia Awards 2019. This is the fourth consecuti

Sampath Bank happy with success of Rs. 12.1 b Rights Issue midst challenging conditions

Views - 80 Monday, 22 July 2019 00:48

Sampath Bank said last week, it was happy with the success of its Rs. 12.1 billion Rights Issue, bringing the total raised to over Rs. 33 billion in three years midst challenging market and country conditions. The Bank last month concluded a 7 for 2

Sampath Bank continues winning streak at World Finance Banking Awards

Views - 39 Monday, 22 July 2019 00:47

Sampath Bank was recognised as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the sixth consecutive year at the prestigious World Finance Banking Awards awarded by the UK based World Finance magazine. Continuing to win accola

NDB Leasing Centre opens at Batticaloa

Views - 34 Monday, 22 July 2019 00:46

A new NDB Leasing Centre was ceremoniously opened at the Batticaloa branch by NDB Assistant Vice President Leasing Ajith Senadheera and the senior management of the bank. The new NDB Leasing Centre is specialises in individual attention and doorstep

Fed’s Williams argues for vaccinating economy when rates are low

Views - 20 Monday, 22 July 2019 00:45

NEW YORK (Reuters): Policymakers need to add stimulus early to deal with too-low inflation when interest rates are near zero and cannot wait for economic disaster to unfold, a Federal Reserve policymaker said on Thursday. In a speech read as a strong

University of Kelaniya welcomed into CFA Institute University Affiliation Program for 2nd time

Views - 218 Monday, 22 July 2019 00:45

University of Kelaniya for the second time has been welcomed into the CFA Institute University Affiliation Program. Bachelor of Business Management Honours in Financial Engineering (B.B. Mgt Honours in Financial Engineering) has been acknowledged as

2019 has been good for investors so far, but can it last?

Views - 68 Friday, 19 July 2019 00:00

By Steve Brice Asset markets rebounded strongly in the first half of 2019, following a poor 2018. Global equities led the way, rising more than 10%, but bonds (particularly riskier bonds) also performed well. Oil has rallied and gold recently broke o

What is AWPR? Why does it need to be low?

Views - 791 Friday, 19 July 2019 00:00

By Thanushka Jayasundera If you’re a retail client, SME, a large conglomerate, or even a multinational and if you have attempted to raise funds from a bank, chances are you have heard the term AWPR, as the relationship manager will always undoubted

Seylan Bank introduces Visa PayWave contactless Credit and Debit cards

Views - 85 Friday, 19 July 2019 00:00

Staying true to its commitment on enhancing customer experiences, Seylan Bank has announced the launch of world renowned PayWave enabled Visa Debit and Credit Cards, offering Seylan customers a more secure, fast and convenient payment solution. With

Sri Lanka’s first dollar sovereign bond fund poised for global investors

Views - 99 Friday, 19 July 2019 00:00

Strong demand on the recent issuance of Sri Lankan International Sovereign Bonds (ISB) signals potential for a strong economic recovery, according to Ceylon Asset Management (CAM)) Director and Economic Advisor Rainer Michael Preiss. “The decline

Guardian Acuity wins consecutive Gold as Best Unit Trust Fund in Sri Lanka

Views - 49 Friday, 19 July 2019 00:00

Guardian Acuity Asset Management (GAAM) continued on winning ways when its Guardian Acuity Equity Fund took home the Gold Award for Best Unit Trust Fund for the second consecutive year at the CFA Sri Lanka Capital Market Awards held in Colombo last w

Asian stocks wobble, bond yields fall on earnings woes, trade worries

Views - 21 Friday, 19 July 2019 00:00

TOKYO (Reuters): Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the US-China trade war could hurt corporate earnings, helping to underpin solid demand for safe-haven US Treasuries. MSCI’s broadest i

Asian stocks wobble, bond yields fall on earnings woes, trade worries

Views - 13 Friday, 19 July 2019 00:00

TOKYO (Reuters): Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the US-China trade war could hurt corporate earnings, helping to underpin solid demand for safe-haven US Treasuries. MSCI’s broadest i

Bond yields increase marginally

Views - 63 Friday, 19 July 2019 00:00

By Wealth Trust Securities The secondary market bond yields were seen increasing marginally yesterday on the back of selling interest due to profit taking. The maturities of 01.08.21, 15.07.23, 15.06.24 and 15.01.27 were the more actively traded dur

Building resilient, digitally vibrant SMEs key to unleashing growth potential

Views - 372 Thursday, 18 July 2019 00:00

Q: What are some of the most pressing challenges facing the banking sector today? A: A key challenge that is faced by the industry as well as the nation as a whole, is the slowdown in economic growth experienced by the country. As an industry that un

K Seeds Investments facilitates another acquisition for Ceyline Group

Views - 85 Thursday, 18 July 2019 00:00

K Seeds Investments (KSI) was the Financial Advisor for Ceyline Group to acquire Califolink Logistics, a leading brand name in providing specialised logistics solutions to the automotive industry since 2002. Califolink has diversified their business

Fitch says Fed will only cut rates once in 2019

Views - 46 Thursday, 18 July 2019 00:00

The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust jobs growth in the US, Fitch Ratings says. A 25bp cut now appears probable at either the July or September FOMC meeting but

Citi ramps up ASEAN banking team with 30 hires over past year

Views - 26 Thursday, 18 July 2019 00:00

SINGAPORE, (Reuters): Citigroup Inc. said it has hired about 30 bankers over the past year across its banking, capital markets and advisory teams in the 10-member Association of Southeast Asian Nations (ASEAN), spurred by robust growth in its ASEAN b

Lagarde resigns as IMF chief, starting race for her successor

Views - 44 Thursday, 18 July 2019 00:00

WASHINGTON (Reuters): International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday, citing more clarity about her nomination to lead the European Central Bank as European legislators approved

Commercial Bank launches ComBank Q+: Sri Lanka’s first QR-based payment app under LANKAQR

Views - 109 Thursday, 18 July 2019 00:00

The Commercial Bank of Ceylon has launched ComBank Q+ – the first Quick Response (QR) based payment app to be launched under LANKAQR – creating history yet again by introducing technology that matters in the lives of the Bank’s customers. LANKA

Today's Columnists

Politics and governance in need of radical change

Monday, 26 August 2019

 The very concept of an institutionalised political party and fans who blindly support it (under any circumstance) – raises serious questions about human intelligence. Human intelligence has powered great pursuits such as Artificial Intelligence a

Go digital now

Monday, 26 August 2019

It’s a no brainer. An agency head I know recently said to me: “The jury is still out on the impact of digital advertising on client business in Sri Lanka.” I said: “What makes you say that.” He was clear. He said: “No numbers to support i

No bourgeoisie, no democracy

Monday, 26 August 2019

In the dark, forbiddingly bleak topography of our dysfunctional democracy, the emergence of the National People Power (NPP) coalition is a refreshingly propitious development. The centre-left intelligentsia could not resist comparing it to the mass

STG who became SDG of the Central Bank

Monday, 26 August 2019

When Dr. S.T.G. Fernando, fondly known as STG, was appointed as Director of Economic Research of the Central Bank in 1979, his fame – or perhaps, notoriety – as a hard taskmaster had travelled to us in the Department before he made his physical p

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