Financial Services,Front Page

IFIAR members share expertise as 12th Annual forum begins in Colombo

Views - 241 Wednesday, 21 February 2018 00:00

Independent audit regulators from around the world have convened in Colombo to share their expertise during the 12th Annual

SLASSCOM People Summit highlights importance of collaboration and technology in biz

Views - 110 Wednesday, 21 February 2018 00:00

The SLASSCOM People Summit 2018 breakfast forum yesterday highlighted the importance of collaboration and technology in business through a panel discussion.

Economy underpins political loss: Dr. Sally

Views - 2263 Wednesday, 21 February 2018 00:00

Respected economist Dr. Razeen Sally stayed true to his usual straight-talking style yesterday, criticising the main political parties

Sri Lanka wins South Asia Procurement Innovation Award

Views - 161 Wednesday, 21 February 2018 00:00

Sri Lanka has received the South Asia Procurement Innovation Award 2017-2018 at the fifth South Asia Region Public Procurement Conference held from 5-8 February in New Delhi, India.

First draft of National Sustainability Dialogue presented to President

Views - 139 Wednesday, 21 February 2018 00:00

The first draft of the National Sustainability Dialogue was presented to President Maithripala Sirisena at the Presidential Secretariat yesterday.

Swarnamahal FS says no deal yet

Views - 656 Wednesday, 21 February 2018 00:00

Swarnamahal Financial Services (SFS)yesterday made a clarification regarding an article published on Daily FT, on 20 February 2018 saying no deal yet.

Senarath Bandara appointed GM/CEO at Bank of Ceylon

Views - 1977 Tuesday, 20 February 2018 00:38

The Bank of Ceylon has appointed K. B. Senarath Bandara as the new General Manager and CEO with effect from 22 February. At present, he is the Deputy General Manager (Sales and Channel Management). The appointment comes with the retirement of long-s

Liability Management bill presented in P’ment

Views - 407 Tuesday, 20 February 2018 00:37

The Ministry of National Policies and Economic Affairs moved the Active Liability Management Bill yesterday in the Parliament with the aim to authorise the raising of loans within the country or offshore to improve public debt management. The Bill al

Seylan Group ups after tax profit by 24% to Rs. 5 b

Views - 462 Tuesday, 20 February 2018 00:37

In the backdrop of challenging external environment, Seylan Group has reported a resilient performance by recording a profit after tax of Rs. 5.004 billion for the year ended 31 December 2017, which is the highest profit reported in its history. Seyl

COMBank gets microfinance license in Myanmar

Views - 285 Tuesday, 20 February 2018 00:36

Commercial Bank PLC yesterday announced it has obtained an Operation License to carry out microfinance business in Myanmar. The approval is for CBC Myanmar Microfinance Ltd., a fully owned subsidiary of Commercial Bank. The license is to operate in M

$ 60 m EAP Group sale to UK Lyca Group today?

Views - 4129 Tuesday, 20 February 2018 00:36

The sale of EAP Group assets for $ 60 million is speculated to be concluded today, with foreign investors having arrived yesterday, Daily FT learns. The Central Bank has been negotiating with Singapore-based Straits Grid Ltd., and the intermediary,

SL to commence 8th round of negotiations on ETCA this week

Views - 273 Tuesday, 20 February 2018 00:32

By Charumini de Silva Despite the beleaguered political situation in the country, Sri Lanka will commence the eighth round of negotiations on the proposed Economic and Technology Corporation Agreement (ETCA) with India this week, a top official said.

Reprieve for coalition

Views - 4096 Tuesday, 20 February 2018 00:32

President Maithripala Sirisena’s Sri Lanka Freedom Party announced it would remain in the ruling national unity coalition yesterday, ending a week of political uncertainty and abruptly ending its campaign to oust Prime Minister Ranil Wickremesinghe

Opposition Leader slams MR for enflaming ethnic strife

Views - 199 Tuesday, 20 February 2018 00:23

Emphasising the need to find a lasting solution to the national problem, the Leader of the Opposition yesterday condemned former President Mahinda Rajapaksa, for inciting racial disharmony during the run-up to the recently concluded Local Government

Bill to demutualise stock exchange reaches House

Views - 158 Tuesday, 20 February 2018 00:00

The Bill providing for the demutualisation of the Colombo Stock Exchange (CSE) by the conversion of the CSE, which is a company limited by guarantee, to a company limited by shares, was moved in the Parliament yesterday.

Ceylinco General Insurance posts impressive results in 2017

Views - 397 Monday, 19 February 2018 00:10

Industry giant Ceylinco General Insur-ance Ltd., has announced excellent results for the financial year ended 31 December 2017, recording yet another exceptional year.

$75m more from ADB to boost SMEs

Views - 284 Monday, 19 February 2018 00:05

The Government on Friday signed a loan agreement with Asian Development Bank (ADB) to obtain additional funding for a Small and Medium Enterprise (SME) Line of Credit Project.


Views - 377 Monday, 19 February 2018 00:00

The Chartered Institute of Management Accountants UK Sri Lanka branch recently joined hands with the International Chamber of Commerce Sri Lanka (ICCSL) to promote education, training and business.

Are Sri Lanka and the SAARC region capable of tackling any cyber threat?

Views - 125 Monday, 19 February 2018 00:00

Sophos, one of the key leaders in the cyber security space, shares key insights to the challenge of cyber threat in Sri Lanka and South Asia.

A plea for sanity in a time of uncertainty

Views - 323 Monday, 19 February 2018 00:00 The on-going political crisis following the local government elections of February 10 raises an issue

International trade expert says signing FTAs won’t help revive SL’s export sector

Views - 1068 Monday, 19 February 2018 00:00

A top international trade expert was rather sceptical about the overall benefit that free trade agreements (FTAs) could boost Sri Lankanexports

Coalition crisis conundrum

Views - 3690 Monday, 19 February 2018 00:00

Speaker Karu Jayasuriya launched last-ditch effort to save the beleaguered ruling national unity coalition yesterday

Port of Colombo kicks off 2018 with strong growth

Views - 330 Monday, 19 February 2018 00:00

The Colombo Port has started the new year on a strong note with transhipment and overall throughput increasing in January.

Prof. Sally to speak on economic takeoff and young professionals’ role

Views - 441 Monday, 19 February 2018 00:00

Renowned economist Prof. Razeen Sally will speak on the subject of ‘Economic takeoff and young professionals’ role’ tomorrow

Tea Board Chairman resigns

Views - 1369 Saturday, 17 February 2018 00:35

Sri Lanka Tea Board Chairman Dr. Rohan Pethiyagoda yesterday said that he has tendered his resignation to Plantation Minister Navin Dissanayake. “I tendered my resignation to the Minister this morning (yesterday) and hope to continue my academic w

Cool and confident Ranil carries on as PM

Views - 2268 Saturday, 17 February 2018 00:15

Prime Minister Ranil Wickremesinghe radiated a ‘business as usual’ attitude yesterday as he announced that he would continue in office, and brushed off a week of political uncertainty and chaos as the difficulties of ‘coalition politics’ in h

Stocks edge up on foreign buying

Views - 102 Saturday, 17 February 2018 00:00

Reuters - Shares hit a one-week closing high on Friday as foreign investor purchases helped overcome negative market sentiment due to political uncertainty, dealers said.

Rupee falls on importer dollar demand, political uncertainty

Views - 262 Saturday, 17 February 2018 00:00

Reuters - The rupee edged down on Friday on importer dollar demand, with political uncertainty also weighing on sentiment, dealers said. The rupee ended at 155.10/20 per dollar compared with Thursday’s close of 154.90/155.00.

Manufacturing, services sectors lag in January

Views - 74 Saturday, 17 February 2018 00:00

The country’s manufacturing and services lagged in January judging by the movement in the Purchase Managers Index (PMI) compiled by the Central Bank. It said the Manufacturing Sector PMI recorded 51.7 index points in January from 59.1 index points

Green loans get Cabinet nod

Views - 247 Saturday, 17 February 2018 00:00

A concessionary loan scheme to encourage small-scale entrepreneurs to engage in sustainable income generation activities was approved by Cabinet this week. The schemed is aimed at providing financial assistance to packaging manufacturers to switch t

Today's Columnists

Tamil actor Kamal Haasan stars in new role as political leader

Saturday, 24 February 2018

Srinivasan Kamal Haasan is one of India’s foremost film actors. Known popularly as Kamal, the talented and versatile thespian has not only excelled as an actor onscreen, but has successfully engaged in other cinematic spheres too. The multi-faceted

Yameen’s economic offensive to counter political adversity ahead of presidential poll

Saturday, 24 February 2018

The embattled Maldivian President Abdulla Yameen, who is facing intense political opposition both in and out of the country, hopes to win the September, 2018 presidential election using a combination of political belligerence and a strong economic pr

In the end, there was nothing

Saturday, 24 February 2018

Much more than a storm in a tea cup! To a non-discerning person, it all seemed like the final battle of the counter revolution. President Sirisena was up in smoke trying to oust Prime Minister Ranil Wickremesinghe for no articulated reason. He asked

Shouldn’t Govt. prevent parliamentary system from decay and destruction?

Friday, 23 February 2018

The wrong people teach us the best lessons. As a clever nation, we had always used our ballot and chased the wrong people

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