Financial Services

DFCC Bank opens newest branch in Kuruwita

Views - 31 Wednesday, 16 October 2019 01:32

DFCC Bank recently opened its newest branch in the city of Kuruwita to provide financial services to the community in the area. The new branch is located at No. 108 C, Main Street, Kuruwita. DFCC Bank, one of the industry leaders in financial service

Pan Asia Bank among Top 30 business entities in Sri Lanka

Views - 42 Wednesday, 16 October 2019 01:30

‘The Business Today’ business magazine in its latest evaluation has included Pan Asia Banking Corporation PLC among the Top 30 corporates in Sri Lanka for the first time in its history in recognition of the bank’s business and financial resilie

Seylan Tikiri month for sixth consecutive year

Views - 28 Wednesday, 16 October 2019 01:29

In commemoration of World Children’s Day 2019, Seylan Bank, for the sixth consecutive year, puts its best foot forward to celebrate ‘Seylan Tikiri Children’s Month’. With a continuous objective to inculcate the habit of saving within children

Stocks slip from near 6-week high on profit-taking; rupee weakens

Views - 50 Wednesday, 16 October 2019 01:28

REUTERS - Stocks ended weaker yesterday, snapping a run of seven straight gaining sessions to slip from a near six-week high hit in the previous session as investors booked profits while the rupee ended weaker. The benchmark stock index ended down 0

AIA shines at Life Insurance Industry Sales Awards

Views - 22 Wednesday, 16 October 2019 01:27

AIA Insurance congratulated its Wealth Planners who won awards at the Insurance Competition 2018, organised by the Insurance Association of Sri Lanka (IASL) and were recognised at the 10th NAFLIA (National Forum for Life Insurance Advisors). Having

Bonds rally for third consecutive day ahead of weekly bill auction

Views - 62 Wednesday, 16 October 2019 01:26

By Wealth Trust Securities The secondary market bond yields continued its downward spiral for a third consecutive trading day as activity remained high. The yields on the two 2022 maturities (i.e. 01.07.22 and 01.10.22) dipped to intraday day lows of

Chandana Aluthgama on the various facets of the insurance industry

Views - 48 Tuesday, 15 October 2019 00:00

With the conclusion of Insurance Awareness Month, Chandana Aluthgama, Treasurer of the Insurance Association of Sri Lanka, one of the leading bodies behind the organisation of the events, programs, and activations that make up the month of Septembe

The Islamic financial system – Part 1

Views - 103 Tuesday, 15 October 2019 00:00

By Ravi Abeysuriya The Islamic financial system is not much different from the products and services in the traditional financial system but it operations are essentially based on a certain set of moral and ethical principles that determined what is

People’s Insurance opens new regional office in Jaffna

Views - 35 Tuesday, 15 October 2019 00:00

People’s Insurance opened its latest regional office in Jaffna on 9 October, providing total insurance solutions with a hassle-free experience for customers in the area. The Mayor of the Jaffna Municipal Council, former Jaffna People’s Bank Assi

Proparco and Commercial Bank join to support SMEs

Views - 49 Tuesday, 15 October 2019 00:00

Proparco, a subsidiary of Agence Française de Développement (AFD) Group dedicated to private sector financing, has signed an agreement with Commercial Bank to support financing local Small and Medium Enterprises (SMEs) through a $ 25 million loan a

SL urged to position itself as Silicon Valley-esque IT hub

Views - 98 Tuesday, 15 October 2019 00:00

By Madushka Balasuriya The last time Jan Metzger sat down to speak to Daily FT, back in 2017, he spoke of how Sri Lanka was on the cusp of an explosion in innovation. While he is still confident that that prediction will hold true, his most recent vi

Bond yields decrease further

Views - 70 Tuesday, 15 October 2019 00:00

By Wealth Trust Securities The start of a new trading week saw secondary market bond yields decreasing further on the back of continued buying interest. The most demanded maturities of two 2023s (i.e. 15.07.23 and 15.12.23) and three 2024s (i.e. 15.

Amana Bank amongst LMD’s Most Respected

Views - 24 Monday, 14 October 2019 00:00

Amãna Bank, Sri Lanka’s torchbearer of non interest based participatory banking, was recognised amongst the Most Respected Entities in Sri Lanka in LMD’s 15th annual edition of ranking the country’s most respected entities. Commissioned and c

Sampath Bank ranks among Sri Lanka’s 10 Most Admired Companies

Views - 47 Monday, 14 October 2019 00:00

Standing testimony to its superlative service to the nation, Sampath Bank was placed among Sri Lanka’s 10 Most Admired Companies at the ‘Most Admired Companies of Sri Lanka 2019’ held at BMICH recently. Marking yet another historic milestone, S

HNB Ratmalana customer centre relocates to new facility

Views - 45 Monday, 14 October 2019 00:00

Catering to a growing customer base in the Ratmalana area, HNB Plc ceremonially opened its newly-relocated Ratmalana customer centre at No. 124, Galle Road, Kaldemulla, Moratuwa this week. Open for business every weekday from 9.00 a.m. to 3.00 p.m.,

Bond market ends week on a bullish note

Views - 66 Monday, 14 October 2019 00:00

The week ending 11 October witnessed renewed buying interest in the secondary bond market, mainly following the bond auctions conducted on Friday, as yields were seen decreasing throughout the week.  The Treasury bond auctions conducted recorded im

Activity at a standstill ahead of T-Bond auctions

Views - 75 Friday, 11 October 2019 00:05

Activity in the secondary bond market came to a standstill yesterday as most market participants opted to stay on the sidelines ahead of today’s Treasury bond auctions. Today’s Treasury bond auctions will have in total an amount of Rs. 15 billio

LB Finance revolutionises presentation of Annual Reports 2018/19

Views - 64 Friday, 11 October 2019 00:01

LB Finance, leader in innovation and the undisputed leading player in the non-banking sector, introduces the video presentation of the concise Annual Report 2018/19, showcasing LB Finance’s overall business excellence along with the company’s str

Stocks end at three-week high; foreigners exit

Views - 79 Thursday, 10 October 2019 02:25

Reuters: Sri Lankan stocks closed at a near three-week high yesterday, led by blue-chips, but foreign investors exited from the Indian Ocean island’s risky assets with the start of Presidential Poll campaigning while the rupee currency ended weaker

1,000 young entrepreneurs: BoC Thurunu Diriya achieves historic landmark

Views - 285 Thursday, 10 October 2019 02:14

The Prime Minister forwarded a research study of young entrepreneurs conducted in South Asian countries, including Sri Lanka, to the Policy Development Office, to look at the findings of the research team. The report found that around 80% of startup

Subdued weekly auction outcome

Views - 75 Thursday, 10 October 2019 02:09

By Wealth Trust Securities The results at the weekly Treasury bill auction conducted yesterday recorded subdued outcomes with the weighted averages of the 182 day and 364 day bills holding steady while the 91 day bill weighted average dipped. The 18

DFCC Bank ushers in new era of technology-driven corporate banking

Views - 97 Thursday, 10 October 2019 02:05

Q: What would you consider unique about DFCC’s approach? A: The underlying objective of each transaction is the successful customer journey achieved by creating the right experience. Responsiveness is a key driver central to our approach. Every co

How prudent is your bank in technology investments?

Views - 311 Wednesday, 9 October 2019 00:00

Technology encompasses all business processes of an organisation. Its impact is profound. Banks heavily rely on technology and aggressively use same for growth and profitability. Similarly, fintech has become a buzzword for many including banks and v

ComBank’s 267th branch opens in Hettipola

Views - 40 Wednesday, 9 October 2019 00:00

Commercial Bank of Ceylon has further strengthened its presence in the Kurunegala district with the opening of a full–fledged branch in Hettipola. The bank’s 267th branch in Sri Lanka is located at No. 178/1, Kurunegala Road, Hettipola. The branc

CDB recognised at Most Admired Companies of Sri Lanka 2019

Views - 42 Wednesday, 9 October 2019 00:00

Adding to its continuous multiple accolades which showcase the Company’s holistic vision, best practices and sustainability drive, Citizens Development Business Finance PLC (CDB) was conferred an Honourable Mention as one of the Most Admired Compan

AIA Insurance payments now easier than ever before

Views - 78 Wednesday, 9 October 2019 00:00

Paying AIA Insurance premiums is now faster and easier than ever before. AIA’s latest digital payment collection solution lets customers pay for their new policy, set up recurring payment plans or Standing Orders, pay for policy revivals or get bac

Bond yields decrease ahead of weekly auction

Views - 66 Wednesday, 9 October 2019 00:00

By Wealth Trust Securities Renewed buying interest mainly on the maturities of 2023s and 2024s saw secondary market bond yields decreasing yesterday ahead of today’s weekly Treasury bill auction. The yields on the 15.07.23, 15.12.23, 15.06.24 and

HNB Assurance opens Customer Relationship Management Centre

Views - 42 Wednesday, 9 October 2019 00:00

HNB Assurance PLC (HNBA) opened doors of its Customer Relationship Management Centre located at No. 131, St. Michael’s Road, Colombo 3. This state-of-the-art facility provides modern amenities for an outstanding customer service. The opening cerem

HNB’s vision to spearhead Sri Lankan banking in the age of disruption

Views - 79 Wednesday, 9 October 2019 00:00

As a bank with a history of over 130 years, and Sri Lanka’s most diversified financial services conglomerate, HNB has recorded significant accomplishments in terms of customer centricity, technological innovation, professional and operational excel

Amana Bank offers quickest home financing solution in the market

Views - 38 Tuesday, 8 October 2019 00:00

Owning your dream home is now made easy with Amãna Bank’s quick and hassle-free home financing solution. Loaded with special people-friendly features based on a unique banking model, the Bank now disburses the facility within 14 working days while

Today's Columnists

Elpitiya test market: Implications for brands Gota and Sajith

Wednesday, 23 October 2019

In the traditional world of marketing, we tend to test market a product before going national with it. There are three test marketing areas that are normally selected by FMCG companies - Gampaha, Kandy and Negombo. The logic behind this is that the c

An efficient energy sector for economic growth

Tuesday, 22 October 2019

When I saw the advertisement about an Energy Forum organised by PUCSL for a Policy Dialogue on the importance of an efficient energy sector for economic and investment growth, I was very happy as I have been interested in this relationship for more t

Will the rule of law, ethics, and morality be above family rule and crony rule?

Tuesday, 22 October 2019

The two main contenders for the Presidency of Sri Lanka are Gotabaya Rajapaksa and Sajith Premadasa. That is stating the obvious. No doubt, some others may have a limited impact on the outcome. Minority votes may benefit Premadasa, while the Sinhala

Addressing past harm

Tuesday, 22 October 2019

The approach towards an inclusive and equal society, where all human beings are to be treated equally before the eye of law and every human being should have the right to remedy for the harm done to them, seems nothing but a façade when our memories

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