Financial Services

CSE hits near 6-week closing high; turnover slumps to 4-year low

Views - 31 Tuesday, 17 April 2018 00:00

Reuters: Shares rose slightly on Monday and posted their highest close in nearly six weeks in light trade, as many market participants were on extended holidays after the Sinhala-Tamil New Year festival over the weekend, brokers said.

Bull Run in bond market continues; foreign buying returns

Views - 41 Tuesday, 17 April 2018 00:00

The Bull Run witnessed in the secondary bond market during the previous week continued, as yields declined further, reflecting a parallel shift downwards of the overall yield curve, with considerable buying pressure from both foreign and local invest

All-time record price for Ceciliyan Tea Factory

Views - 36 Thursday, 12 April 2018 00:00

Ceciliyan Tea Factory, managed by Ceciliyan Associates Ltd. and situated in Kalawana, Ratnapura, established an all-time record price

364 day bill weighted average reverses upward trend

Views - 146 Wednesday, 11 April 2018 00:00

The weighted average at yesterday’s weekly Treasury bills auction on the 364 day maturity was seen dipping to 9.71%, recording a drop of 20

Shares pull away from 11-week closing low

Views - 68 Wednesday, 11 April 2018 00:00

Reuters: Shares on Monday recovered from their lowest close in 11 weeks in thin trade ahead of the Sinhala-Tamil New Year this week, brokers said.

Bank of Ceylon holds Avurudu Ganu Denu on 16 April

Views - 112 Wednesday, 11 April 2018 00:00

In celebrating the true spirit of Sinhala and Tamil Aluth Avurudu, the Bank of Ceylon wishes to demonstrate its appreciation of Sri Lankan

NDB customers to be eligible for experience vouchers this Avurudu

Views - 42 Wednesday, 11 April 2018 00:00

NDB has always been attuned to their customers’ needs and wants. Thus, in line with the Sinhala and Hindu New Year,

People’s Credit Card holders to be showered with gifts this Avurudu

Views - 45 Wednesday, 11 April 2018 00:00

People’s Credit Card holders are in for a lot of exciting benefits during the Sinhala and Hindu New Year. People’s Bank Senior Deputy General Manager

Exciting gifts this Avurudu seasonfrom Seylan Bank

Views - 41 Wednesday, 11 April 2018 00:00

As the Sinhala Tamil New Year is fast approaching, Seylan Bank is at the heart of its customers with unique offerings and values

Go ‘Naegam’ to LB Finance this Avurudu

Views - 31 Wednesday, 11 April 2018 00:00

The dawn of the Sinhala and Tamil New Year is around the corner and amidst all the pre-Avurudu hassle happening around the island

NDB Wealth promotes financial security planning this Avurudu

Views - 51 Wednesday, 11 April 2018 00:00

A hallmark of the Sinhala and Tamil New Year is the tradition of renewal, both spiritual and otherwise. From painting one’s

Future is bright for microfinance, but regulation is a must: Bimputh Deputy Chairman

Views - 88 Wednesday, 11 April 2018 00:00

Leading microfinance company Bimputh Finance PLC played a crucial role as Finance Sponsor of the South Asia

COMBANK adjudged ‘Social Media Brand of the Year 2018’ at ACEF global awards

Views - 32 Wednesday, 11 April 2018 00:00

The Commercial Bank of Ceylon’s innovative and refreshing use of social media to engage with target audiences has won the Bank the prestigious

AIA Insurance Company Conference for employees

Views - 30 Wednesday, 11 April 2018 00:00

The AIA Insurance Company Conference for employees was recently held at the Shangri-La Hotel

NDB Araliya wins Silver for Best Celebrity Endorsement at ACEF Awards Mumbai

Views - 31 Wednesday, 11 April 2018 00:00

NDB was felicitated with the Silver award for ‘Best Celebrity Endorsement’ at the 7th Global Customer Engagement Awards by the Asian Customer Engagement Forum (ACEF) in Mumbai.

Union Bank honours top performers at Retail and SME Banking Awards 2018

Views - 93 Wednesday, 11 April 2018 00:00

The outstanding achievers of the Retail and SME segments of Union Bank were felicitated at the inaugural Union Bank Retail

Asia is the place to be for insurers

Views - 192 Tuesday, 10 April 2018 00:24

By Darshana Abayasingha On the back of a strong but challenging 2017, AIA Sri Lanka’s Regional CEO Bill Lisle states, the opportunity for insurance is significant in the island nation, adding that Sri Lanka poses a great business and that the compa

Accounting watchdog to bite harder with 10 million pound fines

Views - 57 Tuesday, 10 April 2018 00:23

London (Reuters): The world’s Big Four accounting firms will face potential fines of 10 million pounds ($14 million) or more for serious rule breaches from June, double the record penalty to date. The Financial Reporting Council (FRC) said on Monda

Deutsche Bank to review investment bank business: New CEO

Views - 40 Tuesday, 10 April 2018 00:23

FRANKFURT (Reuters): Deutsche Bank must take “tough decisions” as it seeks to return to profit and will review its investment banking business, its new Chief Executive Christian Sewing said in a letter to employees. “We’ll thoroughly analyse

Stocks rally as Trump tweet eases trade war fears

Views - 29 Tuesday, 10 April 2018 00:23

LONDON (Reuters) - Global stocks rose yesterday (9 April) as the US government played down fears of a trade war with China that has roiled markets over the last week. The two countries have threatened each other with tens of billions of dollars of ta

Bond yields increase marginally ahead of weekly Treasury bill auction

Views - 66 Tuesday, 10 April 2018 00:21

By Wealth Trust Securities The secondary bond market yields were seen increasing marginally yesterday on the back of profit taking with the liquid maturities of 15.03.23, 01.08.24 and 01.09.28 hitting intraday highs of 10.02%, 10.20% and 10.35% agai

Rupee ends weaker on importer dollar demand

Views - 34 Tuesday, 10 April 2018 00:21

Reuters: The Sri Lankan rupee ended marginally weaker on Monday on dollar demand for oil and vehicle imports, but the local currency is expected to bounce back on inflows from inward remittances ahead of the traditional festival this week, dealers sa

BlackRock to offer gun-free investment strategies, ETFs

Views - 25 Tuesday, 10 April 2018 00:21

BOSTON (Reuters): BlackRock Inc, the world’s largest asset manager, said on Thursday it will offer new investment strategies and exchange-traded funds that exclude civilian firearms producers and retailers, following through on plans it outlined la

CSE dips to 11-week closing low ahead of holidays

Views - 33 Tuesday, 10 April 2018 00:20

Reuters: Yesterday (9 April), Sri Lankan share index touched its lowest close in 11 weeks, pulled down by blue-chips stocks in a moderate turnover, as many market participants were on leave ahead of the traditional Sinhala-Tamil New Year this week, b

Union Assurance continues to set benchmarks

Views - 61 Tuesday, 10 April 2018 00:20

Union Assurance (UA) celebrated its Annual Awards 2017 on a grand scale, continuing the revolutionary approach of hosting the event as an offshore awards ceremony. The entertainment-packed, dazzling event was held in the Grand Ball Room, Grand Mercur

Ramesh Schaffter reappointed to Orient Finance Board

Views - 60 Tuesday, 10 April 2018 00:19

With over two decades’ experience in finance & marketing, in addition to serving on the Boards of several public listed and unlisted companies, Ramesh Schaffter has been reappointed to the Board of Orient Finance PLC. He is a Fellow and former Cou

People’s Leasing rated as No. 1 Brand in Non-Banking Financial sector by Brand Finance Lanka

Views - 45 Tuesday, 10 April 2018 00:19

Reinforcing its standing as the leading light among the nation’s Non-Banking Financial Institutions, People’s Leasing & Finance PLC won the coveted No. 01 Brand in the NBFI sector at Brand Finance Awards 2018 held recently. Additionally, Peoples

Nations Trust Bank hosts Investor Forum via webinar for first time

Views - 45 Tuesday, 10 April 2018 00:16

The Nations Trust Bank Investor Forum is held each year to provide shareholders and other interested parties with a holistic, comprehensive understanding of the bank’s financial performance, general operations, future plans and strategic initiative

Saudi to join FTSE emerging index from next March, attract billions

Views - 22 Monday, 9 April 2018 00:00

DUBAI/NEW YORK (Reuters) - The Saudi Arabian stock market will join FTSE Russell’s emerging market index starting in March next year, the company said, a move expected to draw billions of dollars of fresh foreign portfolio investment to the kingdom

Global IPO proceeds hit four year high in first quarter

Views - 20 Monday, 9 April 2018 00:00

LONDON (Reuters): Global proceeds from initial public offerings (IPO) rose to $39 billion in the first quarter of 2018, the highest since 2014, as companies rushed to take advantage of generally strong equity markets and robust economic growth amid s

Today's Columnists

The glyphosate story – CKDu, food security and national economy

Thursday, 19 April 2018

We in Sri Lanka have a history to be proud of. According to our historical record, the golden age of Sri Lankan agriculture production centres around Polonnaruwa during reign of King Parakramabahu the Great (1153-1186 AD).

President is powerless to remove the Prime Minister

Thursday, 19 April 2018

Some commentators have persistently advanced the proposition that, notwithstanding the 19th Amendment to the Constitution, the President’s power to remove the Prime Minister is intact. It is a view that relies on a literal reading of the Sinhala te

The ‘Trafficbathgoda’ town of Kiribathgoda

Thursday, 19 April 2018

Getting through Kiribathgoda town particularly in the evening after work is a real nightmare. Even the morning is equally bad, creating a huge pileup of vehicles along the main road. In particular, in the evening, to move from Tyre Corporation Junct

Beware of evidence-independent recommendations from academics in positions of power

Wednesday, 18 April 2018

It was just over a year ago that I wrote in this newspaper about the need to fact check politicians and pundits ( That column was triggered by an evidence-independent claim made a

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