In Depth

Hambantota: New haven of hope!

Views - 5615 Thursday, 28 July 2011 01:10

By Nisthar Cassim in Hambantota The first-ever forum in post-war Sri Lanka organised to promote developments and investment opportunities in the Hambantota District last week was a success, with key insights shared as well as issues clarified. Or


‘Hedging-gate’

Views - 4283 Wednesday, 13 July 2011 00:00

The Supreme Court in SC (FR) Applications Nos. 535 & 536/2008 on November 28, 2008 issued interim orders staying the operation of the purported oil hedging alias derivative deals of the Ceylon Petroleum Corporation (CPC). The Supreme Court issued


Highlights from Mid-Year Fiscal Position Report

Views - 1503 Tuesday, 12 July 2011 00:00

The Minister of Finance recently tabled in Parliament the Mid-Year Fiscal Position Report in terms of Section 10 of the Fiscal Management (Responsibility) Act No. 03 of 2003. The purpose of this report is to provide updated information on the Governm


Good corporate governance – It is not systems but people

Views - 2354 Monday, 11 July 2011 00:01

The final module of the popular series of seminars conducted by the Sri Lanka Institute of Directors (SLID) under ‘Contemporary Views on Corporate Stewardship and Boardroom Governance’ took place amidst a significant gathering at the Cinn


CFOs risk profitability by underestimating rapid growth market costs

Views - 1186 Monday, 11 July 2011 00:00

CFOs are underestimating the costs and time involved in entering rapid growth markets according to a new Ernst & Young study. Over a third (36 per cent) of respondents said overall costs were higher than expected and 43 per cent said the investme


For investment managers, meeting wide-ranging regulatory reforms calls for balancing act

Views - 1065 Monday, 11 July 2011 00:00

There’s little argument in the global investment community that the raft of new regulatory reforms designed to address systemic risk, investor protection and governance are complex, overlapping and may have unintended consequences for the indus


CIFL to be a listed company with CSE

Views - 2629 Thursday, 30 June 2011 01:14

Central Investments and Finance Ltd. (CIFL), with a 45-year history, is approaching a landmark achievement in being listed at the Colombo Stock Exchange, said its delighted CEO Jayanth Wickremeratne in an interview recently. The company, intent on


People’s Leasing in the forefront once again

Views - 1832 Thursday, 30 June 2011 01:13

By Shanika Perera Grasping unique opportunities, making use of unexpected openings and braving every adversity, People’s Leasing Company has once again risen to the top, surpassing previous heights. At the end of its financial year, People&


Mercantile Investments records net profit of Rs. 905 m

Views - 1533 Thursday, 30 June 2011 01:09

By Gayani Perera Mercantile Investments (MI), which has now been renamed as Mercantile Investments PLC after registering with the Colombo Stock Exchange, this year successfully completes 47 years of service to the financial industry. The company


To fulfill the aspirations of people, LOFC expands to Kilinochchi

Views - 1255 Thursday, 30 June 2011 01:09

Lanka ORIX Finance Company (LOFC), a member company of the LOLC Group, opened its latest branch in Kilinochchi earlier this week, offering total financial solutions in abundance to the people of this region. The new branch is located at Karadipokku,


Priyan Attygalle managd AMEX Saudi Arabia wins global honours for innovation

Views - 1985 Thursday, 30 June 2011 01:08

RIYADH: American Express Saudi Arabia Ltd. (ASAL) has won American Express Global Network Services President’s Award for outstanding performance in 2010, the company announced. The award was given in recognition of ASAL’s outstanding ma


Multi Finance to convert Rs. 185 m debt into equity

Views - 979 Thursday, 30 June 2011 01:08

The Board of Directors of Multi Finance Ltd., has recently resolved to convert Rs. 185 million of existing debt granted by the parent/holding company into voting ordinary shares via a private placement. The conversion price will be Rs. 30 with the


Fitch rates DFCC Vardhana Bank’s sub debt ‘A+’

Views - 2105 Thursday, 30 June 2011 01:07

Fitch Ratings Lanka said yesterday it has assigned DFCC Vardhana Bank Limited’s (DVB) proposed subordinated debentures of up to Rs. 1 b a National rating of ‘A+(lka)’. The agency has simultaneously affirmed DVB’s National Long


People’s Bank readies for gala 50th anniversary celebrations

Views - 3668 Thursday, 30 June 2011 01:06

President to preside over main event, plans commemorative volume, stamp and coin, donates 50 houses for resettled families in Mannar (strap) People’s Bank is readying to celebrate its 50th anniversary in style with several programmes planned


Softlogic Finance shifts into high gear with Daihatsu

Views - 5491 Thursday, 30 June 2011 01:04

High-riding Softlogic Finance Plc has heralded the arrival of the spectacular new 2011 Terios range from Daihatsu on which it is offering an equally prodigious range of flexible leasing packages to those customers eager for a piece of the action. T


HNB Leasing – Your most trusted partner in leasing

Views - 2832 Thursday, 30 June 2011 01:04

Having started leasing services in 1991, HNB was the first private commercial bank to move into the leasing sector. Continuously experiencing a very progressive and steady growth over the years, today HNB stands at the forefront of leasing in the ban


Capital market converges to carve way forward

Views - 1365 Friday, 24 June 2011 02:38

Dialogue is always a healthy exercise and brainstorming is effective. This is what took place at the strategically important two-day workshop on the future of the capital markets organised by the Securities and Exchange Commission (SEC) last weekend.


Is the market over regulated or not?

Views - 1400 Friday, 24 June 2011 02:32

IS the market over regulated or not?The two-day capital market workshop’s most active session was the one which debated the issue of whether the stock market is over regulated or not. Despite it being the hot topic as well as a good exchange


Heraymila Securities CEO Ravi’s broadside on John Keells; ‘Pump and dump’ and key challenges for cap

Views - 2870 Friday, 24 June 2011 02:32

HERAYMILA Securities Ravi Abeysuriya in his presentation referred to the manipulative practice of “pump and dump,” which eventually turned out to be the catch phrase during the rest of the workshop, in addition to drawing several question


Challenge and change

Views - 1745 Thursday, 23 June 2011 01:19

By Cassandra Mascarenhas ‘Changing Challenge – Challenging Change’ was the bold theme of the two-day CIMA Business Leaders Summit 2011, one that is apt in the face of constantly changing dynamics in the business world which calls


Sri Lanka: It’s not about the cricket

Views - 1843 Monday, 13 June 2011 00:00

The London Stock Exchange’s decision last week to host a “Sri Lanka Day” had a great deal more behind it than a desire to showcase the best of Sri Lanka industry to the London investment community. London is clearly hoping that the


A golden decade for real estate

Views - 2585 Thursday, 2 June 2011 00:00

NDB Stockbrokers has declared that a golden decade for real estate is emerging in post-war Sri Lanka, especially in the context of firm plans by the Government to redevelop urban areas and boom in commercial and housing properties. Here are excerpts


Filtering lifeblood

Views - 1656 Friday, 27 May 2011 00:01

For Indrani Silva (54) the day starts before dawn. Getting up at 2 a.m. every morning she makes short eats, vadai and string hoppers for around 10 shops near her village Chandana Pokuna in Polonnaruwa.


Telecom sector 2011: Intense competition, better operating environment

Views - 2250 Wednesday, 25 May 2011 00:00

Competitive issues to pressure margins: Fitch Ratings expects competition among Sri Lanka’s telecoms operators to remain high through 2011.  


Corporate stewardship and Boardroom governance

Views - 3399 Monday, 25 April 2011 00:00

Chairman of Commercial Bank PLC Mahendra Amarasuriya led the panel of highly-experienced business leaders who gathered together recently in the Ivy Room of the Cinnamon Grand Colombo to discuss contemporary issues faced by the corporate boards of tod


Where Sri Lanka is headed – IMF view

Views - 3483 Thursday, 17 March 2011 00:01

The Colombo University MBA Alumni Association's Management Conference titled ‘Beyond Traditional Boundaries’ was held last week at the Cinnamon Lakeside. Speakers from diversified paths of society shared their thoughts, journey, tribu


Critical issues faced by a Board of Directors

Views - 2775 Tuesday, 15 March 2011 00:00

The Sri Lanka Institute of Directors (SLID) has embarked on an initiative to address a variety of issues intimately concerned with the overall standards of corporate governance with specific reference to Sri Lanka, noted Mahen Dayananda, launching in


The great boardroom debate: Majority Vs minority shareholders – Who is more important?

Views - 3540 Thursday, 10 March 2011 00:17

By Cheranka Mendis The Institute of Chartered Corporate Sectaries of Sri Lanka and the Daily FT on Friday held a friendly but stimulating and thought provoking debate on corporate governance and the interests of majority and minority shareholders t


Is there a dearth of independent directors in Sri Lanka?

Views - 1997 Tuesday, 22 February 2011 00:01

The Sri Lanka Institute of Directors conducted the third module in its series of panel discussions on ‘Contemporary Views on Corporate Stewardship & Boardroom Governance’ at the Cinnamon Grand recently. This was led by Rajendra Theaga


How to make audit and risk committees effective

Views - 4019 Friday, 7 January 2011 00:01

The second module of the series of panel discussions organised by the Sri Lanka Institute of Directors on ‘Contemporary Views on Corporate Stewardship & Boardroom Governance’ took place at the Ivy Room of the Cinnamon Grand Colombo re


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


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