Financial Services

Credit Suisse looks to make an impact with new “socially conscious” investment wing

Views - 18 Tuesday, 19 September 2017 00:25

Zurich (Reuters): Credit Suisse has set up a new department to nurture socially conscious investing, the latest effort by a major bank to cater for growing demand for so-called impact investing.


World, Asia stocks hit decade high, dollar firm before Fed meeting

Views - 11 Tuesday, 19 September 2017 00:25

LONDON (Reuters): World stocks hit a record high on Monday and the dollar reached an eight-week peak against the yen on expectations that the US Federal Reserve will this week announce trimming of its balance sheet, part of a reversal of cheap money


Rupee ends marginally lower on dollar demand from banks

Views - 26 Tuesday, 19 September 2017 00:19

Reuters: The rupee ended weaker on Monday as dollar demand from banks and importers surpassed selling of the greenback by exporters, dealers said.


CEOs beware: Your email address is spoofed most often for cyberattacks

Views - 33 Tuesday, 19 September 2017 00:00

According to a recent report from Trend Micro, the email addresses of CEOs are most often spoofed to be used in email-based cyberattacks. The 2017 Midyear Security Roundup: The Cost of Compromise report, released Monday, also showed that managing dir


Banks join forces in Gulf to fight cyber security threat

Views - 12 Tuesday, 19 September 2017 00:00

Dubai (Reuters): Local and international banks in the United Arab Emirates are sharing information in an effort to reduce cyber attacks.


Sri Lanka Insurance partners FT-CICRA Cyber Security Summit

Views - 26 Tuesday, 19 September 2017 00:00

For the second consecutive year, Sri Lanka Insurance Corporation (SLIC) has partnered with Sri Lanka’s premier annual Cyber Security Summit 2017 edition as the Insurance Partner.


EU lost up to 5.4 billion euros in tax revenues from Google, Facebook

Views - 24 Monday, 18 September 2017 09:59

BRUSSELS (Reuters): European Union states could have lost 5.4 billion euros in tax revenues from Google and Facebook between 2013 and 2015, according to a report of the EU lawmaker responsible for a corporate tax reform that could raise online giants


Ceylinco Life’s ‘Family Savari’ doubles winners, declares Rome as grand prize destination

Views - 15 Monday, 18 September 2017 09:58

The biggest has just got even bigger, with Ceylinco Life announcing that the beneficiaries of its ‘Family Savari’ mega promotion will almost double with the 2017 edition, the 11th in the series.


LankaPay partners FT-CICRA Cyber Security Summit for third year

Views - 29 Monday, 18 September 2017 09:57

For the third consecutive year, LankaPay – Sri Lanka’s National Payment Network– has partnered Sri Lanka’s premier annual Cyber Security Summit 2017 edition as the Official Payment Network.


Yield curve reflects parallel shift downwards

Views - 37 Monday, 18 September 2017 08:53

A renewed positive sentiment in the secondary bond market backed solely by foreign buying interest resulted in a parallel shift downwards of the overall yields curve for the week ending 15 September. This trend was further supported by the outcome of


Secondary bond market yields broadly steady

Views - 96 Friday, 15 September 2017 00:00

The secondary bond market saw its activity moderate yesterday as yields were seen closing the day broadly steady subsequent to increasing in the morning hours of trading.


Union Bank becomes SL’s first bank to receive PCI DSS certification

Views - 271 Friday, 15 September 2017 00:00

Marking a significant turning point in data security protection, Union Bank became the first bank in Sri Lanka to receive the international Payment Card Industry Data Security Standard (PCI DSS) from the Security Standards Council.


Bourse gains to over 1-week closing high

Views - 38 Friday, 15 September 2017 00:00

Reuters: Shares ended at more than a one-week closing high on Thursday, helped by gains in beverage and diversified shares, even as investors adopted a wait-and-watch approach to assess the impact of a new tax bill, brokers said.


Payoneer partners eWallet giant eZ Cash to simplify cross-border payments for Lankan entrepreneurs

Views - 40 Friday, 15 September 2017 00:00

Payoneer, an innovative cross-border payments company transforming the way businesses pay and get paid globally, announced today that it has partnered and integrated with eZ Cash, Sri Lanka’s leading mobile money network and a brand of the Dialog A


Rupee slips as banks, importers buy dollar

Views - 36 Friday, 15 September 2017 00:00

Reuters: The rupee ended marginally lower on Thursday as dollar demand from banks and importers surpassed selling of the greenback by exporters, dealers said.


Bank of Ceylon team becomes ‘Trade Round Champions’ at Inter-bank Trade Quiz

Views - 29 Friday, 15 September 2017 00:00

Bank of Ceylon’s team for the Inter-bank Trade Quiz organised by the Trade Finance Association of Bankers (TFAB) became the champions for the ‘trade round’ winning the one time award for the anniversary and first runner-up to the trophy.


NDB Wealth ‘Regular Income Plan’, helping to meet life’s milestones

Views - 44 Friday, 15 September 2017 00:00

No matter the financial goals one aspires to, whether it is buying a home or car, or paying to educate one’s children, a Regular Income Plan from expert financial planner NDB Wealth is one of the best options for true success.


Amãna Bank introduces Online Account opening

Views - 33 Friday, 15 September 2017 00:00

Amãna Bank has introduced the convenience of Online Account Opening to facilitate its customers with an easy and time saving method of opening an account without going through the hassle of writing on forms.


Asia stocks step back from decade high

Views - 11 Friday, 15 September 2017 00:00

Tokyo (Reuters): Asian stocks inched down from 10-year highs on Thursday following a burst of Chinese data which was largely weaker than markets expected, while the dollar held steady ahead of US inflation data due later in the day.


MBSL Matara Branch reopens with new look

Views - 19 Thursday, 14 September 2017 00:04

Merchant Bank of Sri Lanka and Finance PLC (MBSL) recently extended its new design and look to its Matara Branch to provide customers a redefined financing experience. The upgraded and relocated branch at the new address of 344/F, Anagarika Dharmapal


Commercial Leasing and Finance PLC relocates Embilipitiya branch enhancing services

Views - 36 Thursday, 14 September 2017 00:02

Commercial Leasing and Finance PLC (CLC) ensures its commitment towards its customers by continuously delivering their finest services more comprehensively through every step forward. Validating their brand promises, CLC Embilipitiya branch was reloc


Rupee ends lower as banks, importers buy dollar

Views - 41 Thursday, 14 September 2017 00:00

Reuters - The Sri Lankan rupee ended marginally lower on Wednesday as dollar demand from importers and banks surpassed selling of the greenback by exporters, dealers said.


DFCC Bank extends customer convenience with opening of full service branch in Morawaka

Views - 17 Thursday, 14 September 2017 00:00

DFCC Bank opened the doors of its newest fully-fledged branch in Morawaka to enhance access for customers in the area. Located at Isuru Towers, Deniyaya Road, the new DFCC Morawaka Branch was ceremoniously inaugurated by DFCC CEO Lakshman Silva in th


Bourse closes little changed; tax bill weighs on market

Views - 40 Thursday, 14 September 2017 00:00

Reuters - Sri Lankan shares closed little changed on Wednesday as local investors wait to see the real impact of the new tax bill, brokers said.


Commercial Bank wins two awards from International Banker, UK

Views - 37 Thursday, 14 September 2017 00:00

The Commercial Bank of Ceylon won the awards for the ‘Best Commercial Bank of the Year’ and ‘Best Innovation in Retail Banking’ presented by the prestigious UK-based quarterly publication‘ International Banker.’


PLC now internationally CarbonNeutral certified

Views - 27 Thursday, 14 September 2017 00:00

People’s Leasing & Finance Plc (PLC), Sri Lanka’s market leader in leasing and a subsidiary of People’s Bank, was recently awarded the internationally accredited CarbonNeutral certification by Natural Capital Partners (NCP) of the UK.


364 day Treasury bill weighted average crashes to a 17 month low

Views - 74 Thursday, 14 September 2017 00:00

The decreasing trend in weekly weighted averages continued at yesterday’s weekly Treasury bill auction with the weighted average on the 364 day bill decreasing by 38 basis points to a 17-month low of 9.20%. This was closely followed by the 182 day


Focused on core banking, Cargills Bank divests controlling interest in Colombo Trust Finance

Views - 41 Thursday, 14 September 2017 00:00

Cargills Bank Ltd. is pleased to announce the divesture of 80.34% stake controlling interest in Colombo Trust Finance PLC (CTF) to Dialog Axiata PLC. Upon obtaining approval from the Monetary Board of the Central Bank of Sri Lanka the transaction was


Impact of microfinance on Sri Lanka’s economic drive

Views - 124 Wednesday, 13 September 2017 00:00

The importance of microfinancing to Sri Lanka’s economy, developing sector with the newly implemented Microfinance Act and the use of technology were the key topics discussed at a forum titled ‘Magnifying Microfinance: The Way Forward’, organis


Union Assurance expands branch network to augment services

Views - 22 Wednesday, 13 September 2017 00:00

Union Assurance being one of the leading insurance companies in Sri Lanka which embraces achieving success through trusted protection continuously focuses on its branch expansion strategy to extend its services throughout the island to cater all the


Today's Columnists

Sustainable tourism – New profit for businesses

Tuesday, 26 September 2017

World Tourism Day has been celebrated since 1980 on 27 September, the day in which the Statutes of the World Tourism Organization (UNWTO) entered into force.


Do economic sanctions matter to Iran?

Tuesday, 26 September 2017

Economic sanctions are not a new phenomenon to Iran. It has been 38 years since the Iranian revolution (1979) took place. Since then, the United States, European Union and some other countries have been imposing


It is an uphill task for the Govt. to attain the envisaged targets

Monday, 25 September 2017

In Part 1 of the article series on the Government’s Vision 2025 published last week, it was pointed out that the present vision document was just the fourth of such visions pronounced by the Government during the last two year period.


Women for tourism

Monday, 25 September 2017

Tourism is one of the world’s largest and fastest growing industries. In many countries it acts as an engine for development through foreign exchange earnings and the creation of direct and indirect employment.


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