Financial Services

MBSL re-launches corporate website

Views - 41 Monday, 11 June 2018 00:00

In line with its long-term strategy of enhancing its digital presence and strengthening the customers’ digital proposition


Asia Gold: Demand quiet amid small price moves, India discounts widen

Views - 13 Monday, 11 June 2018 00:00

Mumbai/Bengaluru (Reuters): Physical gold demand was soft in major Asian hubs last week with global prices moving


Australian founds first cryptocurrency exchange platform for Sri Lanka

Views - 234 Monday, 11 June 2018 00:00

bitcoinexchangeguide.com: Ceybit is the first cryptocurrency exchange platform for the tiny island nation of Sri Lanka


Secondary bond market yields remain broadly steady

Views - 57 Friday, 8 June 2018 01:55

Secondary bond market yields remained broadly steady yesterday with the maturities of 2019s (i.e. 01.05.19, 15.09.19, 01.07.19


We are in pretty good shape: CB Governor

Views - 133 Friday, 8 June 2018 00:00

Central Bank Governor Dr. Indrajit Coomaraswamy last week addressed the economic development of the country during


Role of board of directors for fraud risk management

Views - 43 Friday, 8 June 2018 00:00

The importance of fraud risk management is significantly highlighted globally due to the dynamic business environment


Analytics to streamline anti-money laundering

Views - 107 Friday, 8 June 2018 00:00

Risk professionals are always concerned about the known, unknown and unknowable across their firms – especially


Doha Bank targets stronger Qatar-SL trade

Views - 94 Friday, 8 June 2018 00:00

Doha Bank, one of the largest banks in Qatar, announced the launch of its first Representative Office in Sri Lankayesterday


DFCC iConnect: DFCC’s cutting-edge Payments and Cash Management solution for businesses

Views - 58 Friday, 8 June 2018 00:00

Leading the banking industry in pioneering FinTech solutions, DFCC Bank has launched DFCC iConnect; a fully integrated


London Stock Exchange suffers first major trading blackout in seven years

Views - 53 Friday, 8 June 2018 00:00

www.telegraph.co.uk: Trading on the London Stock Exchange failed to start last morning after the opening auction was delayed in a rare disruption for one of the largest equity markets in the world.


Acuity Partners and HNB host seminar on capital raising opportunities for SMEs

Views - 60 Friday, 8 June 2018 00:00

Leading investment banking services provider, Acuity Partners Ltd. joined together with Sri Lanka’s most enterprise-oriented bank,


Shares end lower; blue chips lead

Views - 34 Friday, 8 June 2018 00:00

Reuters: Shares ended weaker on Thursday, after breaching the psychological barrier of 6,400, pulled down by blue-chip shares such as John Keells Holdings Plc, brokers said.


Multiple awards for LB Finance at SLIBF Awards Night 2018

Views - 62 Thursday, 7 June 2018 00:00

Al-Salamah Islamic Finance Unit of LB Finance PLC which is one of the early pioneers of Islamic financing in the Sri Lankan non-banking financial sector, was bestowed with multiple awards at the recently-concluded 7th SLIBFI (Sri Lanka Islamic Bankin


Rupee hits fresh low on importer dollar demand

Views - 41 Thursday, 7 June 2018 00:00

Reuters: The rupee touched the lowest level since last week on Wednesday, as importer dollar demand surpassed mild selling of the greenback by exaporters, dealers said. The spot rupee ended at 158.75/90, weaker from Tuesday’s close of 158.60/75


Shares hover near 5-month closing low

Views - 27 Thursday, 7 June 2018 00:00

Reuters: Shares ended slightly weaker on Wednesday, hovering near their lowest close in over five months hit earlier in the week, led by diversified shares such as John Keells Holdings Plc, while foreign buying helped boost the turnover. Foreign inve


Weekly weighted averages decrease for second consecutive week

Views - 35 Thursday, 7 June 2018 00:00

By Wealth Trust Securities The weighted averages at yesterday’s weekly Treasury bill auction continued its decreasing trend for a second consecutive week, driven by high demand. The total offered amount of Rs. 10 billion was successfully accepted


Allianz Lanka celebrates stellar achievements at Allianz Annual Awards 2018

Views - 35 Thursday, 7 June 2018 00:00

Allianz Lanka recently held its annual awards at Waters Edge to celebrate its star performers. The theme for the night was ‘Stronger Together,’ a nod to the company’s recent acquisition of Janashakthi General Insurance. The Chief Guest of the


Sri Lankan insurers likely to cope with extreme weather; industry growth to continue: Fitch

Views - 90 Wednesday, 6 June 2018 00:00

Fitch Ratings said yesterday it expects the exposure of Sri Lanka’s Non-Life insurers to extreme weather-related events to be manageable due to extensive use of reinsurance.


Bond market yields increase marginally ahead of weekly bill auction

Views - 65 Wednesday, 6 June 2018 00:00

The secondary market bond yields increased marginally yesterday on the back of selling interest and profit-taking ahead of today’s weekly Treasury bill auction.


Asia stocks steady after rally, focus back on fundamentals

Views - 12 Wednesday, 6 June 2018 00:00

London (Reuters): World tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year


CSE ends higher, foreign buying boosts sentiment

Views - 68 Wednesday, 6 June 2018 00:00

Reuters - Sri Lankan shares ended firmer on Tuesday, recovering from their lowest close in over five months hit in the previous


Rupee ends weaker on importer dollar demand

Views - 36 Wednesday, 6 June 2018 00:00

Reuters - The Sri Lankan rupee ended weaker on Tuesday, as importer dollar demand surpassed mild selling of the greenback by exporters, dealers said.


Foreigners dumped $ 12.3 billion in emerging market assets in May: IIF

Views - 31 Wednesday, 6 June 2018 00:00

LONDON (Reuters): A heavy sell-off in emerging markets last month saw foreigners dump a combined $ 12.3 billion


Merchant Bank of Sri Lanka CEO interdicted

Views - 141 Wednesday, 6 June 2018 00:00

The Merchant Bank of Sri Lanka and Finance (MBSL) said its Chief Executive D.M.N.P. Karunapala had been interdicted pending an inquiry from 11 May 2018.


Lanka Credit and Business expands with acquisition of City Finance Corporation

Views - 84 Wednesday, 6 June 2018 00:00

Lanka Credit and Business Ltd. (LCBL) a leading institution down South of Sri Lanka acquired City Finance Corporation


Sampath Bank marches towards Vision 2020 with Sampath Stars

Views - 77 Wednesday, 6 June 2018 00:00

Sampath Bank recommitted itself to offering technology driven, world class financial services to Sri Lankan consumers


MBSL to give more efficient service to customers

Views - 35 Wednesday, 6 June 2018 00:00

Merchant Bank of Sri Lanka & Finance PLC (MBSL) recently entered into a Memorandum of Understanding (MoU) with ikman.lk to give a more efficient and productive service to their customers.


Cross-border bond buying may tumble this year as QE unwound: Oxford Economics

Views - 22 Tuesday, 5 June 2018 00:00

London (Reuters): Global cross-border debt buying could fall by more than half this year from 2017 levels as the ECB looks to reduce its stimulus, exacerbating upward pressure on bond yields, especially in the United States, according to Oxford Econo


Secondary bond market yields steady on moderate trading

Views - 56 Tuesday, 5 June 2018 00:00

By Wealth Trust Securities The secondary bond market yields remained mostly unchanged yesterday on moderate trading. Limited trades of 15.09.19, 01.05.20, three 2021’s (i.e. 01.03.21, 01.05.21 and 01.08.21), 15.03.23 and 15.06.27 maturities were wi


Bourse hits 5-month closing low, foreign investors cap falls

Views - 57 Tuesday, 5 June 2018 00:00

Reuters: Sri Lankan shares ended weaker yesterday to hit their lowest close in more than five months as investors sold telecom and banking shares, while foreign buying curbed further decline. Foreign investors bought net Rs. 318.2 million ($2.01 mill


Today's Columnists

Strong trade agreements need 30-50 consultations

Wednesday, 20 June 2018

Coming from a multinational working background, I strongly support free trade given that open competition tends to sharpen


The case of our concealed subservience to China

Wednesday, 20 June 2018

If one takes a close look at the general trend of discourse and debate that has been going on in Sri Lanka, one cannot but be


Muslim markers in Sri Lanka: Changes and challenges

Wednesday, 20 June 2018

If we exclude from our consideration the wars that owe their origin to religious hatred, or to difference in fundamental principles


A 10-point guide on bank credit facilities that suit your business best

Tuesday, 19 June 2018

As a businessman when you visit a bank seeking credit facilities you are faced with a lot of banking jargon with which you are often not conversant. You tend to learn about them only when you start utilising such facilities. Further, if are young and


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