Financial Services

Go ‘Naegam’ to LB Finance this Avurudu

Views - 32 Wednesday, 11 April 2018 00:00

The dawn of the Sinhala and Tamil New Year is around the corner and amidst all the pre-Avurudu hassle happening around the island

NDB Wealth promotes financial security planning this Avurudu

Views - 52 Wednesday, 11 April 2018 00:00

A hallmark of the Sinhala and Tamil New Year is the tradition of renewal, both spiritual and otherwise. From painting one’s

Future is bright for microfinance, but regulation is a must: Bimputh Deputy Chairman

Views - 88 Wednesday, 11 April 2018 00:00

Leading microfinance company Bimputh Finance PLC played a crucial role as Finance Sponsor of the South Asia

COMBANK adjudged ‘Social Media Brand of the Year 2018’ at ACEF global awards

Views - 33 Wednesday, 11 April 2018 00:00

The Commercial Bank of Ceylon’s innovative and refreshing use of social media to engage with target audiences has won the Bank the prestigious

AIA Insurance Company Conference for employees

Views - 31 Wednesday, 11 April 2018 00:00

The AIA Insurance Company Conference for employees was recently held at the Shangri-La Hotel

NDB Araliya wins Silver for Best Celebrity Endorsement at ACEF Awards Mumbai

Views - 32 Wednesday, 11 April 2018 00:00

NDB was felicitated with the Silver award for ‘Best Celebrity Endorsement’ at the 7th Global Customer Engagement Awards by the Asian Customer Engagement Forum (ACEF) in Mumbai.

Union Bank honours top performers at Retail and SME Banking Awards 2018

Views - 97 Wednesday, 11 April 2018 00:00

The outstanding achievers of the Retail and SME segments of Union Bank were felicitated at the inaugural Union Bank Retail

Asia is the place to be for insurers

Views - 199 Tuesday, 10 April 2018 00:24

By Darshana Abayasingha On the back of a strong but challenging 2017, AIA Sri Lanka’s Regional CEO Bill Lisle states, the opportunity for insurance is significant in the island nation, adding that Sri Lanka poses a great business and that the compa

Accounting watchdog to bite harder with 10 million pound fines

Views - 57 Tuesday, 10 April 2018 00:23

London (Reuters): The world’s Big Four accounting firms will face potential fines of 10 million pounds ($14 million) or more for serious rule breaches from June, double the record penalty to date. The Financial Reporting Council (FRC) said on Monda

Deutsche Bank to review investment bank business: New CEO

Views - 40 Tuesday, 10 April 2018 00:23

FRANKFURT (Reuters): Deutsche Bank must take “tough decisions” as it seeks to return to profit and will review its investment banking business, its new Chief Executive Christian Sewing said in a letter to employees. “We’ll thoroughly analyse

Stocks rally as Trump tweet eases trade war fears

Views - 29 Tuesday, 10 April 2018 00:23

LONDON (Reuters) - Global stocks rose yesterday (9 April) as the US government played down fears of a trade war with China that has roiled markets over the last week. The two countries have threatened each other with tens of billions of dollars of ta

Bond yields increase marginally ahead of weekly Treasury bill auction

Views - 67 Tuesday, 10 April 2018 00:21

By Wealth Trust Securities The secondary bond market yields were seen increasing marginally yesterday on the back of profit taking with the liquid maturities of 15.03.23, 01.08.24 and 01.09.28 hitting intraday highs of 10.02%, 10.20% and 10.35% agai

Rupee ends weaker on importer dollar demand

Views - 35 Tuesday, 10 April 2018 00:21

Reuters: The Sri Lankan rupee ended marginally weaker on Monday on dollar demand for oil and vehicle imports, but the local currency is expected to bounce back on inflows from inward remittances ahead of the traditional festival this week, dealers sa

BlackRock to offer gun-free investment strategies, ETFs

Views - 25 Tuesday, 10 April 2018 00:21

BOSTON (Reuters): BlackRock Inc, the world’s largest asset manager, said on Thursday it will offer new investment strategies and exchange-traded funds that exclude civilian firearms producers and retailers, following through on plans it outlined la

CSE dips to 11-week closing low ahead of holidays

Views - 33 Tuesday, 10 April 2018 00:20

Reuters: Yesterday (9 April), Sri Lankan share index touched its lowest close in 11 weeks, pulled down by blue-chips stocks in a moderate turnover, as many market participants were on leave ahead of the traditional Sinhala-Tamil New Year this week, b

Union Assurance continues to set benchmarks

Views - 64 Tuesday, 10 April 2018 00:20

Union Assurance (UA) celebrated its Annual Awards 2017 on a grand scale, continuing the revolutionary approach of hosting the event as an offshore awards ceremony. The entertainment-packed, dazzling event was held in the Grand Ball Room, Grand Mercur

Ramesh Schaffter reappointed to Orient Finance Board

Views - 62 Tuesday, 10 April 2018 00:19

With over two decades’ experience in finance & marketing, in addition to serving on the Boards of several public listed and unlisted companies, Ramesh Schaffter has been reappointed to the Board of Orient Finance PLC. He is a Fellow and former Cou

People’s Leasing rated as No. 1 Brand in Non-Banking Financial sector by Brand Finance Lanka

Views - 47 Tuesday, 10 April 2018 00:19

Reinforcing its standing as the leading light among the nation’s Non-Banking Financial Institutions, People’s Leasing & Finance PLC won the coveted No. 01 Brand in the NBFI sector at Brand Finance Awards 2018 held recently. Additionally, Peoples

Nations Trust Bank hosts Investor Forum via webinar for first time

Views - 46 Tuesday, 10 April 2018 00:16

The Nations Trust Bank Investor Forum is held each year to provide shareholders and other interested parties with a holistic, comprehensive understanding of the bank’s financial performance, general operations, future plans and strategic initiative

Saudi to join FTSE emerging index from next March, attract billions

Views - 23 Monday, 9 April 2018 00:00

DUBAI/NEW YORK (Reuters) - The Saudi Arabian stock market will join FTSE Russell’s emerging market index starting in March next year, the company said, a move expected to draw billions of dollars of fresh foreign portfolio investment to the kingdom

Global IPO proceeds hit four year high in first quarter

Views - 20 Monday, 9 April 2018 00:00

LONDON (Reuters): Global proceeds from initial public offerings (IPO) rose to $39 billion in the first quarter of 2018, the highest since 2014, as companies rushed to take advantage of generally strong equity markets and robust economic growth amid s

Pakistan declares tax amnesty to broaden income revenue base

Views - 18 Monday, 9 April 2018 00:00

ISLAMABAD (Reuters): Pakistan’s Prime Minister Shahid Khaqan Abbasi announced a tax amnesty on Thursday aimed at broadening the government’s revenue base in a country where only about 1% of the adult population are tax payers.

India, Pakistan central banks clamp down on crypto-currencies

Views - 19 Monday, 9 April 2018 00:00

MUMBAI (Reuters): India’s central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto-currencies on local exchanges.

Global mergers and acquisitions reach record high in Q1

Views - 27 Monday, 9 April 2018 00:00

NEW YORK/LONDON (Reuters): Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totalling $1.2 trillion in value, as US tax reform and faster economic growth in Europe unleashed many companies’ dealmaki

NTB’s Rs. 3.5 b BASEL III-compliant debenture issue opens

Views - 47 Monday, 9 April 2018 00:00

Nations Trust Bank Plc will aim to raise Rs. 3.5 billion via BASEL III-compliant debentures.

PLC to raise Rs. 6 b via listed debenture

Views - 32 Monday, 9 April 2018 00:00

The Rs. 6 billion listed debenture issue of People’s Leasing and Finance Plc (PLC) is now up for subscription.

SLT’s Rs. 7 b debenture issue with “green shoe” option opens

Views - 44 Monday, 9 April 2018 00:00

Sri Lanka Telecom’s Rs. 7 billion worth debenture issue, inclusive of a green shoe option, is up for subscription now.

‘Enterprising Sri Lanka’ with People’s Bank

Views - 27 Monday, 9 April 2018 00:00

The Government expects the Small and Medium Enterprises (SMEs) sector to be the backbone of the economy.

Parallel shift downward of yield curve during the week

Views - 36 Monday, 9 April 2018 00:00

The secondary bond markets turned bullish during the week ending 6 April, with the announcement by the Central Bank of Sri Lanka that it had slashed its Standing Lending Facility Rate (SLFR) by 25 basis points.

Lessons of experience from Australian Financial Services Royal Commission for Sri Lanka

Views - 47 Friday, 6 April 2018 00:00

The Australian Financial Services Royal Commission has given enough food for thought for risk managers. It is still early days

Today's Columnists

Designers of Sri Lanka’s Future: Episode I Nihal Ranasinghe

Monday, 23 April 2018

To sustain economic growth, Sri Lanka needs a critical pool of daring people who would see things differently and design a new future.

Lalith: An invincible legacy

Monday, 23 April 2018

The twenty third day of April, 1993 is among a handful of blots in our national hall of shame. It was the day on which a lone gunman, perhaps with conspirators yet unknown, acted to neutralise a political threat by depriving all Sri Lankans of the in

Sri Lanka lost its maritime aspirations 60 years ago

Monday, 23 April 2018

Protectionism was the key factor that prevented Sri Lanka becoming a maritime hub 60 years ago,when our leaders could not see beyond the horizons to develop the nation in the late 50s and early 60s, which opened the doors to Singapore to be what it i

‘The Ants’ as a ‘disruptive’ teledrama: Managerial insights

Monday, 23 April 2018

I hardly watch teledramas, not only because I value my time but also because of their questionable value.

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