Views - 25 Monday, 15 October 2018 01:35
Nusa Dua, Indonesia (Reuters): China’s Central Bank Governor Yi Gang said the government would continue to let the market play a decisive role in establishing its currency exchange rate, refraining from using it as a weapon, amid an escalating trad
Views - 26 Monday, 15 October 2018 01:35
NUSA DUA, Indonesia (Reuters): Fitch Ratings has maintained its stable credit outlook for all Asian countries, except Pakistan, despite expecting some “dampening effect” in the region due to the US-China trade tensions, senior ratings analysts sa
Views - 10 Monday, 15 October 2018 01:34
NUSA DUA, Indonesia (Reuters): The Indonesian Government launched on Sunday an Islamic bond linked to endowments, aiming to tap into a pool of assets for its fiscal needs.
Views - 23 Monday, 15 October 2018 01:33
The Asian Development Bank (ADB), together with other development finance institutions (DFIs)1 last year, used about $1.2 billion in concessional funds to support nearly $9 billion in private investment projects in emerging markets.
Views - 20 Monday, 15 October 2018 00:00
Union Assurance (UA) expanded its fully-fledged branch network with the newly opened Thalawathugoda Regional Office on 26 September.
Views - 37 Monday, 15 October 2018 00:00
Sri Lanka Insurance announced its latest digital feature, the B Connect App that connects all advisers of SLIC, enabling them to be informed of all updates real time.
Views - 55 Monday, 15 October 2018 00:00
Richard Pieris Finance Ltd., the sole financing arm under the renowned Arpico brand, is a fully owned subsidiary of the Richard Pieris Group, one of the oldest diversified conglomerates in Sri Lanka.
Views - 30 Monday, 15 October 2018 00:00
The ‘Invest Sri Lanka’ capital market road show, organised by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC), concluded on a positive note with institutional investors based in Edinb
Views - 117 Friday, 12 October 2018 00:00
The secondary market yield on the five-year maturity of 15.07.23 was seen spiking to over a 17-month high of 11.90%, a level last seen during late April to early May 2017, following the outcome of its auction conducted yesterday. The auction on this
Views - 36 Friday, 12 October 2018 00:00
Pan Asia Sammana Account was specially introduced for all pensioners who have given their best years for the country and are now enjoying life in retirement. As a result of the increasing popularity of this product, the bank recently decided to add s
Views - 27 Friday, 12 October 2018 00:00
Sales professionals of Ceylinco Life demonstrated their prowess in emphatic fashion at an industry-wide competition that concluded recently, taking the top spot, half of the top 10 places and nearly a quarter of the top 100 places. The competition wa
Views - 24 Friday, 12 October 2018 00:00
The Bank of Ceylon’s Unawatuna branch relocated at its new premises recently with the participation of Minister of Lands and Parliamentary Reforms Gayantha Karunathilaka and Minister of Home Affairs Vajira Abeywardena recently at a strategic locati
Views - 64 Friday, 12 October 2018 00:00
By Ashwin Hemmathagama – Our Lobby Correspondent The Government yesterday informed Parliament that it would not continue with the plan allowing the Central Bank to take over the Samurdhi (Divineguma) Bank, as stated by Prime Minister Ranil Wickreme
Views - 82 Thursday, 11 October 2018 00:43
The Commercial Bank of Ceylon has announced an expansion of the scope of its ‘Green Loans’ to encompass technology and products that contribute to environment conservation and to include leasing of electric and hybrid vehicles. Previously limited
Views - 137 Thursday, 11 October 2018 00:43
A large gathering of institutional investors based in London showed a keen interest in investing in Sri Lankan equities while attending an Invest Sri Lanka Forum held at the London Stock Exchange recently. The Forum, which was organised by the Colom
Views - 100 Thursday, 11 October 2018 00:35
By Wealth Trust Securities The 364 day bill weighted average was seen jumping above the psychological level of 10.00% for the first time in over 15 months or 62 weeks at its weekly auction yesterday, registering an increase of 68 basis points to 10.1
Views - 79 Wednesday, 10 October 2018 00:00
By Wealth Trust Securities The activity in the secondary bond market was at a virtual standstill yesterday as yields increased on the back of widening two way quotes. Limited trades were seen on the 10-year maturity of 01.09.28 as its yield was seen
Views - 81 Wednesday, 10 October 2018 00:00
Fitch Ratings Lanka Ltd. has assigned Dialog Finance PLC (DF) a National Long-Term Rating of ‘AA(lka)’. The Outlook is Stable. Key rating drivers were as follows: National ratings: DF’s rating reflects Fitch’s view that support would be fo
Views - 58 Wednesday, 10 October 2018 00:00
Amãna Bank recently partnered with the Chartered Institute of Management Accountants (CIMA) Sri Lanka for their flagship event CIMA Business Leaders’ Summit 2018 held under the theme ‘Go Beyond: From Insight to Impact – Unlocking Opportunities
Views - 38 Wednesday, 10 October 2018 00:00
Members of the Old Boys’ Association of Dharmasoka College, Ambalangoda, one of the leading schools in the Southern Province, can now own co-branded Mastercard Credit Cards, thanks to the Commercial Bank of Ceylon. The Dharmasoka College Affinity
Views - 468 Wednesday, 10 October 2018 00:00
Consolidating its position as a digital financial services provider, People’s Bank set the benchmark for digital financial services in Sri Lanka at the recently concluded National IT Conference (NITC) 2018. Organised by the Computer Society of Sri
Views - 91 Tuesday, 9 October 2018 00:00
By Wealth Trust Securities The secondary bond market opened the week on a sluggish note as yields were seen increasing and widening yesterday as activity moderated considerably. Limited trades were seen on the seven year maturity on 15.10.25 and the
Views - 199 Tuesday, 9 October 2018 00:00
Fairfirst Insurance recently tied up with the Department of Posts in an agreement that allows Fairfirst to transact general insurance via the extensive postal network in Sri Lanka. The agreement which was signed for a period of three years will comme
Views - 127 Tuesday, 9 October 2018 00:00
Cargills Bank has introduced an attractive interest rate for the five years fixed deposit product in addition to the recently introduced higher interest rate on the one year fixed deposit product with the intention of enticing customers for better lo
Views - 100 Monday, 8 October 2018 00:00
The secondary bond market witnessed a round of fresh buying interest during the week ending 5 October subsequent to the monetary policy announcement at where policy rates were kept unchanged against market expectations.
Views - 73 Monday, 8 October 2018 00:00
Fortune will smile on lucky credit card holders of Commercial Bank with the launch of a new ‘’COMBANK Credit Card Balance Wiped-off’ campaign which will wipe out a total of Rs. 5.25 million in credit card spends over the next three months.
Views - 43 Monday, 8 October 2018 00:00
As part of its ongoing efforts to encourage consumers to use digital banking services, Nations Trust Bank rewarded five lucky customers who used Nations Mobile Banking; a convenient, user-friendly banking app that uses the latest cutting-edge technol
Views - 422 Monday, 8 October 2018 00:00
Nations Trust Bank PLC has announced the appointment of Sumit Maheshwari to its Board of Directors with effect from 4 October, as a Non-Executive Director.
Views - 13 Monday, 8 October 2018 00:00
DUBAI (Reuters): Saudi Arabia has missed out on gaining full membership of the Financial Action Task Force (FATF) after the global body dedicated to fighting illicit money flows found the Kingdom fell short in combating money laundering and terror fi
Views - 40 Monday, 8 October 2018 00:00
Sujith Prasanna Kariyawasam, Attorney-at-Law, assumed duties as the new Chairman of the Regional Development Bank at the auspicious time on 1 October amidst chanting of pirith by the Maha Sangha.
Thursday, 18 October 2018
“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B
Wednesday, 17 October 2018
Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U
Wednesday, 17 October 2018
Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines
Wednesday, 17 October 2018
It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel