Financial Services

Sampath Bank unveils drive-through ATM at Colombo Super Branch

Views - 51 Thursday, 9 November 2017 00:00

In line with its commitment to providing the highest levels of service to its customers, Sampath Bank commissioned a drive-through automated teller machine (ATM) at its Colombo Super Branch premises located at 103,


Rupee edges up on exporter conversions; market awaits budget

Views - 20 Thursday, 9 November 2017 00:00

Reuters: The rupee ended a tad firmer in dull trade on Wednesday led by exporter conversions, while most market participants awaited cues from the national budget due on Thursday.


CSE steady ahead of Budget; turnover at 7-week high

Views - 30 Thursday, 9 November 2017 00:00

Reuters: Shares ended steady on Wednesday with turnover hitting a seven-week high on foreign selling in United Motors Lanka, while all eyes are on the 2018 budget presentation scheduled for today.


DFCC Bank reports strong 3Q amidst successful expansion drive

Views - 170 Wednesday, 8 November 2017 00:00

DFCC Bank said recently, it continued to demonstrate positive momentum across business in the 3rd quarter of 2017 as a rapidly emerging full service commercial bank.



Insurance Regulator renamed as Insurance Regulatory Commission of Sri Lanka

Views - 41 Wednesday, 8 November 2017 00:00

The name of the Insurance Sector Regulator, the Insurance Board of Sri Lanka, has been changed to the Insurance Regulatory Commission of Sri Lanka with effect from 19 October, consequent to an Amendment to the


Bourse edges down in thin trade; Budget awaited

Views - 23 Wednesday, 8 November 2017 00:00

Reuters: Shares inched lower on Tuesday, with trading volume slumping to a more than six-week low, as investors awaited the national budget presentation scheduled later this week.


Asian shares hit 10-year highs

Views - 6 Wednesday, 8 November 2017 00:00

TOKYO (Reuters): Asian shares rallied to their highest in a decade on Tuesday with MSCI’s broadest index of Asia-Pacific shares outside Japan extended early gains, rising 0.8% to its loftiest peak since November 2007.


Rupee edges up on banks’ dollar sales; Budget in focus

Views - 21 Wednesday, 8 November 2017 00:00

Reuters: The rupee ended firmer on Tuesday as dollar sales by foreign banks outpaced strong importer demand for the greenback, while most market participants awaited cues from the national budget later this week, dealers said.


CA Sri Lanka’s Annual Budget Seminar on Saturday

Views - 27 Wednesday, 8 November 2017 00:00

The Annual Budget Seminar organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be held on Saturday, 11 November at 9.00 a.m. at the Colombo Hilton.


LOLC Al-Falaah clinches top awards at 2nd IFFSA Awards Night

Views - 63 Wednesday, 8 November 2017 00:00

Al-Falaah, the Islamic business unit of LOLC Finance Plc, took top honours at the 2nd consecutive Islamic Finance Forum of South Asia (IFFSA) Awards 2017, held in Colombo.


CMA Budget Highlights 2018 seminar on 14 Nov.

Views - 214 Wednesday, 8 November 2017 00:00

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a seminar titled ‘Budget Highlights 2018 – Tax Proposals and Impact on Business and Economy’ on 14 November from 8.30 a.m.-12.30 p.m. at Cinnamon Lakeside’s Kin


Fortunaglobal introduces Affluence Soft Token to enhance digital security for banking

Views - 72 Wednesday, 8 November 2017 00:00

Colombo-based Fortunaglobal Ltd, a leader in omni-channel banking software solutions for Sri Lanka’s FinTech sector, has started rolling out its software (soft) token solution to local banks.


UTO Edu Consult holds seminar on new Inland Revenue Act No. 24 of 2017

Views - 15 Wednesday, 8 November 2017 00:00

A seminar in relation to the new Inland Revenue Act was conducted at the Ramada Hotel on 1 November by UTO Edu Consult Ltd.


Union Assurance offers comprehensive investment plans paving pathway towards financial success

Views - 31 Tuesday, 7 November 2017 00:00

Union Assurance with its preeminent service continued for over 30 years always makes its efforts to cater the best services to the communities which they operate in every possible dimension. Enriching the journey on driving people towards achieving e


NDB Wealth promotes ‘Family Share Builder’

Views - 64 Tuesday, 7 November 2017 00:00

Sometimes the smallest decisions can be the most rewarding ones. Such is the case with the NDB Wealth Family Share Builder account, an ideal alternative to fixed deposits with just a little more risk. The Family Share Builder, from expert financial


Pan Asia Bank holds religious ceremonies in commemoration of 22nd anniversary

Views - 21 Tuesday, 7 November 2017 00:00

To coincide with the 22nd anniversary of Pan Asia Bank, a Pirith sermon was held recently at the bank’s Head Office, with the participation of a large gathering of its staff and customers. The Pirith ceremony which was held to invoke blessings on t


MBSL Double Wheel Leasing: 1-day leasing for motorcycles and scooters

Views - 30 Tuesday, 7 November 2017 00:00

Merchant Bank of Sri Lanka & Finance PLC has introduced a one-day leasing facility for unregistered motorcycles and scooters from reputed brand names. Branded as ‘MBSL Double Wheel Leasing’, this latest facility addresses men and women employed i


Janashakthi Akuressa branch at new premises for enhanced convenience

Views - 15 Tuesday, 7 November 2017 00:00

In line with its commitment to delivering service excellence, leading Sri Lankan insurer Janashakthi Insurance PLC relocated its Akuressa branch office to a more spacious premises, located conveniently at 27, Ambeythota Watte, Kamburupitiya Road, Aku


People’s Bank clinches Most Creative Stall Award at Infotel 2017

Views - 22 Tuesday, 7 November 2017 00:00

People’s Bank state-of-the-art People’s digital stall bagged the coveted ‘Most Creative Stall Award’ at the recently-concluded Infotel 2017 Exhibition and Forum organised by the Federation of Information Technology Industry Sri Lanka (FITIS),


Asia shares stumble from decade highs

Views - 10 Tuesday, 7 November 2017 00:00

Sydney (Reuters): Asian shares stepped away from recent decade highs on Monday while the US dollar staged a broad-based rally. The dollar climbed against the yen to an eight-month peak after a string of US data bolstered views the Federal Reserve wil


Dialog ups stake in finance company to 99%

Views - 61 Tuesday, 7 November 2017 00:00

Dialog Axiata (DIAL) has increased its stake in Colombo Trust Finance Plc to almost 99%. This follows the mandatory offer which has netted 8.62 million shares or 18.53% as of 2 November. Prior to the offer Dialog held 37.37 million shares or 80.34% a


Secondary market bond yields dips ahead of monetary policy announcement

Views - 58 Tuesday, 7 November 2017 00:00

By Wealth Trust Securities The secondary bond market remained active yesterday as yields continued to dip for a third consecutive day ahead of the seventh monetary policy announcement for 2017 due today at 7.30 a.m. The Central Bank of Sri Lanka l


CSE falls to 2-week closing low; CB rate move, Budget awaited

Views - 32 Tuesday, 7 November 2017 00:00

Reuters: Shares fell on Monday to a two-week closing low as investors awaited the Central Bank’s monetary policy decision and the national budget presentation scheduled this week. The Colombo stock index closed 0.28% weaker at 6,602.72, its lowest


EU to discuss blacklist of tax havens after Paradise Papers leaks

Views - 44 Tuesday, 7 November 2017 00:00

Brussels (Reuters): European Union finance ministers will on Tuesday discuss setting up a blacklist of worldwide tax havens, EU officials said, after leaked documents from an offshore law firm exposed new high-profile cases of tax avoidance. The deci


Rupee edges up on remittances; CB policy review in focus

Views - 31 Tuesday, 7 November 2017 00:00

Reuters: The rupee ended slightly firmer on Monday as dollar inflows from remittances provided support, but trade was dull ahead of the Central Bank’s monetary policy review and the national budget presentation, dealers said. The currency continued


Commercial Bank commissions landmark 700th ATM in Sri Lanka

Views - 26 Monday, 6 November 2017 00:00

The automated teller machine (ATM) network of the Commercial Bank of Ceylon achieved a milestone this week with the commissioning of its 700th ATM terminal at MAS Intimates Vidiyal in Kilinochchi.


NTB up 9-month pre-tax profits by 31% to Rs. 5.06 b

Views - 101 Monday, 6 November 2017 00:00

The Nations Trust Bank (NTB) closed the first nine months of the year ending 30 September with a pre-tax profit of Rs. 5,063 million, up by 31% over the corresponding period in the previous year.


LankaClear upgrades digital certificate infrastructure for future growth

Views - 38 Monday, 6 November 2017 00:00

LankaClear, the operator of LankaPay – Sri Lanka’s national payment network, recently held the Root Key Ceremony of its security arm – LankaSign, the only commercially operating PKI based Certification Service Provider (CSP) in the country.


People’s Insurance: Steering insurance industry to new heights

Views - 30 Monday, 6 November 2017 00:00

People’s Insurance PLC, a leading insurer with seven years of sound insurance portfolio, recently announced the relaunch of its insurance brand.


Today's Columnists

Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Wednesday, 22 November 2017

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law


Ranil’s reluctant tryst with truth

Wednesday, 22 November 2017

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence


Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Wednesday, 22 November 2017

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.


Extending the net of AML/CFT: The need for public awareness

Tuesday, 21 November 2017

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing


Columnists More