Financial Services

HNB shines with four awards at Asiamoney Awards 2019

Views - 30 Thursday, 11 April 2019 00:00

Adding to its growing prestige, Sri Lanka’s most innovative bank, HNB PLC, was presented with a total of four awards at the internationally acclaimed Asiamoney Best Bank Awards 2019. Organised with a view to showcasing excellence among leading bank

Trade Finance Association of Bankers holds 22nd AGM

Views - 46 Thursday, 11 April 2019 00:00

The Trade Finance Association of Bankers at its 22nd Annual General Meeting held on 27 February at the Rainbow Room, Grand Oriental Hotel, elected its new Council for the year 2019/2020. The Trade Finance Association of Bankers has from its inception

364 day bill weighted average enters single digits for first time in over six months

Views - 77 Thursday, 11 April 2019 00:00

By Wealth Trust Securities The 364 day bill weighted average was seen breaking and going below the psychological level of 10.00% for the first time since 26 September 2018 to record 9.99% at its weekly auction conducted yesterday. The drop of 16 basi

New NDB Privilege Banking and Leasing Centres open in Kurunegala

Views - 71 Wednesday, 10 April 2019 00:57

Two new NDB Privilege Banking and Leasing Centres were ceremoniously opened in Kurunegala by NDB Senior Vice President Personal Banking and Branch Network Management Sanjaya Perera and the senior management of the bank. NDB Privilege Banking, which w

Bond yields increase further ahead of today’s weekly bill auction

Views - 97 Wednesday, 10 April 2019 00:56

The secondary bond market yields increased further yesterday, with continued selling of the 15.03.22, 15.03.24, 15.01.27 and 01.05.29 maturities, as their yields hit intraday highs of 10.64%, 10.97%, 11.20% and 11.32% respectively, when compared agai

LB Finance expands to Kohuwela, the largest vehicle hub

Views - 49 Wednesday, 10 April 2019 00:54

LB Finance, Sri Lanka’s trail-blazer in innovative financial services recently opened a new branch in Kohuwala, famous as Sri Lanka’s largest vehicle hub. The newly opened branch is located at No.124/A, Dutugemunu Street, Kohuwala. The Kohuwala

Another Ceylinco Life Green Branch to rise in Divulapitiya

Views - 18 Wednesday, 10 April 2019 00:53

Construction commenced recently on another eco-friendly branch building for Ceylinco Life, as Sri Lanka’s life insurance leader accelerated the pace of its Green Agenda to promote sustainable energy use and conservation of resources via its branch

CSE to commence second intake of Diploma in Financial Markets

Views - 58 Wednesday, 10 April 2019 00:51

Following a successful completion of its first intake in 2018, the Advance Diploma in Financial Markets offered by the Colombo Stock Exchange (CSE) is set to commence its second intake on 22 April. ADFM is the first academic qualification to be award

BOC commences internet payments with MasterCard Payment Gateway Systems

Views - 59 Wednesday, 10 April 2019 00:51

Bank of Ceylon together with MasterCard International partnered to introduce internet payment gateway facility which is an essential feature for ecommerce sites where products or services are directly sold to customers. The bank proudly annouced that

Baker Tilly receives recognition as ACCA Approved Employer

Views - 45 Tuesday, 9 April 2019 00:52

The Association of Chartered Certified Accountants (ACCA) recently awarded Baker Tilly with the ACCA Approved Employer Professional Development Status. The Approved Employer professional status is awarded by ACCA to employers who demonstrate commitme

NDB Leasing Centres open at Gampaha and Negombo

Views - 45 Tuesday, 9 April 2019 00:51

New NDB Leasing Centres were ceremoniously opened at the Gampaha and Negombo branches by Senior Vice President Personal Banking and Branch Network Management Sanjaya Perera and the senior management of the bank. The two NDB Leasing Centres are speci

NTB opens newest Cash Deposits and Withdrawals Machine in Kurunegala

Views - 35 Tuesday, 9 April 2019 00:50

Nations Trust Bank (NTB) inaugurated its newest Cash Deposits and Withdrawals Machine at Arpico Supercentre, No. 245/E, Colombo Road, Kurunegala recently. This new state-of-the-art machine is capable of facilitating both cash deposits and withdrawa

Secondary market bond yields increase marginally

Views - 80 Tuesday, 9 April 2019 00:12

The trading week opened yesterday on a sluggish note as activity moderated with most market participants staying on the side-lines due to the monitory policy announcement later in the day. Yields were seen increasing during the day, leading to the an

Delrene Seneviratne appointed as Deputy CEO of SDB bank

Views - 437 Tuesday, 9 April 2019 00:11

Delrene Seneviratne is appointed as the Deputy Chief Executive Officer of SDB bank with effect from 1 April. She counts over 28 years of banking experience of which over 10 years of Corporate Management. Her exposure and expertise ranges from legal,

Asia shares at 7-month peak as China talks stimulus

Views - 20 Tuesday, 9 April 2019 00:11

SYDNEY (Reuters): Asian shares inched up to seven-month highs yesterday as investors cheered a rebound in US payrolls and hints of more stimulus in China, though there was some caution ahead of what is likely to be a tough US earnings season. In a do

Gold prices hit one-week high as dollar turns lower

Views - 40 Tuesday, 9 April 2019 00:10

Reuters: Gold prices rose to a one-week peak yesterday as the dollar slipped after data showed US wage growth slowed last month, while investors awaited minutes of the US Federal Reserve’s March meeting later this week. Spot gold gained 0.4% to $ 1

Seylan Bank issues Trade Loyalty Card to Singer (Sri Lanka)

Views - 46 Monday, 8 April 2019 00:00

Enhancing its services to offer a comprehensive banking experience, Seylan Bank has issued the Trade Services Loyalty Card to Singer (Sri Lanka) PLC recently. Aiming to provide expedited banking services, Seylan Bank Trade Services Department establ

Alliance Finance sustainability efforts shine in international limelight again

Views - 33 Monday, 8 April 2019 00:00

Internationally endorsed once again for its genuine Social and Environmental Sustainability orientation, Alliance Finance Company PLC – Sri Lanka (AFC) has been recognised with a merit award at the ADFIAP Outstanding Development Projects Awards 201

CEO Lakshman Silva on DFCC Bank’s latest Rs. 7.6 b Rights Issue

Views - 266 Monday, 8 April 2019 00:00

Q: Why do you think it is necessary to go for a Rights Issue at this time? A: The main objective of this Issue is to increase the Tier 1 Capital of the bank in order to accommodate and support the bank’s future business expansion and continue our

Bond market continues bull run ahead of monetary policy announcement

Views - 113 Monday, 8 April 2019 00:00

By Wealth Trust Securities The secondary bond market remained bullish during the week ending 5 April 2019 with yields declining considerably across the curve on the back of substantial buying interest, which led to a parallel shift down of the overal

Emerging markets to drive global economic and insurance market growth over the next decade, sigma says

Views - 32 Monday, 8 April 2019 00:00

Emerging markets will remain the growth engine for the global economy and insurance industry over the next decade, the latest sigma report from Swiss Re Institute shows. The study explores how the seven largest emerging markets will contribute more

Amãna Takaful and Assetline Leasing support customers to fulfil aspirations for a better life

Views - 25 Monday, 8 April 2019 00:00

Amãna Takaful PLC (ATL) entered into an exclusive partnership with Assetline Leasing Company Ltd. and Assetline Insurance Brokers Ltd. (AIBL) offering leasing customers who opt for ATL insurance covers the chance to win many prizes. The first prize

Agreement inked with Allianz Insurance for Suraksha Student’s Health Insurance

Views - 77 Monday, 8 April 2019 00:00

The Education Ministry has signed a tender agreement with Allianz Insurance for the Suraksha Student’s Health Insurance project lastweek. The agreement was signed under the patronage of Minister of Education Akila Viraj Kariyawasam. Education Secre

Free personal accident cover of Rs. 100,000 from SLIC to all who join Wasantha Sanakeliya 2019

Views - 18 Monday, 8 April 2019 00:00

‘Wasantha Sanakeliya’ 2019, one of the most awaited exquisite events happening in the heart of Nuwara Eliya is on from 1 April to 30 April. The annual event attracts thousands of entertainment seekers in to the iconic town Nuwara Eliya from every

Union Assurance Annual Awards 2018 concludes in Bangkok, Thailand

Views - 32 Monday, 8 April 2019 00:00

Union Assurance celebrated its third consecutive overseas Annual Awards ceremony in Bangkok, Thailand. The ceremony was launched in grand scale continuing its revolutionary approach of hosting the event as an offshore awards ceremony. The entertainme

Pulse of the Nation: Budget 2019 – Track 2

Views - 322 Friday, 5 April 2019 00:00

As a follow up to the preliminary poll conducted on the day of the 2019 Budget (5 March), market research firm PepperCube Consultants Ltd. carried out a second public poll two weeks after the Budget 2019 to get a more informed assessment. PepperCube

Sampath Bank continues to pay a higher dividend

Views - 153 Friday, 5 April 2019 00:00

Sampath Bank successfully convened its 33rd Annual General Meeting at The Kingsbury in Colombo recently at which the shareholders approved the dividend proposed by the Directors for the year ended 31 December 2018. Accordingly, the bank announced th

Visa launches Tap to Pay campaign to promote everyday contactless payments in Sri Lanka

Views - 230 Friday, 5 April 2019 00:00

Visa, the global leader in payments technology, has launched a new campaign ‘Tap to pay with Visa. Just like that.’ to promote contactless everyday payments in Sri Lanka. The campaign focuses on how the universal behaviour of tapping can become

Bond yields continue to decrease

Views - 95 Friday, 5 April 2019 00:00

By Wealth Trust Securities The secondary bond market continued its bull run yesterday with yields decreasing further on the back of considerable buying interest. Activity was witnessed across the yield curve as the liquid maturities of two 2021’s (

HNB crowned ‘Best SME Bank’ at Asian Banker International Retail Financial Services Awards

Views - 125 Thursday, 4 April 2019 00:56

Reaffirming its leadership role in promoting financial inclusion and entrepreneurship at the grassroots of the domestic economy, HNB was crowned ‘Best Small and Medium Enterprise (SME) Bank in Sri Lanka’ at the recently-concluded Asian Banker Int

Today's Columnists

In the tropical terrain, tourism thrives, but!

Friday, 26 April 2019

In business school an oft repeated refrain in the marketing module is ‘get your product right’. It’s a task easier said than done, especially when it’s a service. Marketing of a service characteristically has to negotiate both lucidity and am

A secular public space is essential for the safety and wellbeing of all

Friday, 26 April 2019

The heart is heavy and the pen is slow. The environment is thick with the shared sorrow of many. Pain and suffering caused by deaths of hundreds and maiming of more on Easter of 2019 will linger for the rest of our lives. But life must go on and we m

Social media could be our egregious enemy, sometimes

Friday, 26 April 2019

One of the first moves the Government considered after the 21 April tragic events of coordinated Easter Sunday bombings of churches and hotels in Colombo, Negombo and Batticaloa was a temporary block of social media. There was no debate about requisi

Terrorism, violence, and incompetent political leadership

Friday, 26 April 2019

Incompetent people, the researchers found, are not only poor performers, they are also unable to accurately assess and recognise the quality of their own work. These low performers are also unable to recognise the skill and competence levels of other

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