InsureMe Insurance Brokers commences operations

The Insurance Board of Sri Lanka (IBSL) granted license for InsureMe Insurance Brokers (Pvt.) Ltd (InsureMe) to operate as an insurance broker with effect from September 9, 2016.

CA Sri Lanka engages stakeholders on ETCA

In its capacity as the national body of accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently engaged its stakeholders by conducting a forum exclusively for the 

LankaPay USD Online channels Rs.1.8bn worth of transactions during first year

Sri Lanka’s national payment network – LankaPayis celebrating yet another milestone in its operations by completing one year of successful operations of their innovative ‘USD Online’service.

Fiserv sees greater growth prospects from Sri Lanka’s mature financial sector

Fiserv, a global leader in financial services technology solutions, has further augmented its focus and commitment to Sri Lanka and its existing customers in the banking and financial sector.  The Fortune 500 Company, which already has a team dedicated to the Sri Lankan market, has appointed IT and telecom marketing veteran Michael Sathasivam as Country Lead.

Extended holiday offers for Seylan cardholders with Serendib Leisure

Seylan Bank announced its partnership with Serendib Leisure offering savings up to 40 percent and providing extended holiday benefits beyond the travel season for Seylan Bank credit and debit cardholders.

Importance of e-commerce in a digital era

The rapid proliferation of Internet-related services has transformed the way businesses are run and transactions are carried out, which is paving the way for a bustling era of e-commerce and digital payments. With the help of modern technology, digital money is changing the way currency is perceived. Merchants can now attract customers to their online market place by utilizing digital commerce and payment systems as a powerful selling tool. Stron

Siyapatha Finance Rs.2.5bn debenture issue oversubscribed

Sampath Bank PLC’s fully-owned subsidiary and the licensed finance company, Siyapatha Finance PLC’s Rs.2.5 billion senior debenture issue was oversubscribed on the opening day (September 8), the company said in a stock exchange filing.

Sri Lanka’s BoardPAC returns to South African Corporate Governance Conference

BoardPAC, the Sri Lanka-developed iPad-enabled board governance portal, recently participated in the annual Corporate Governance Conference of Chartered Secretaries South Africa (CSSA) for the second consecutive year, gaining further exposure to top corporate entities in that country. BoardPAC was the only Sri Lankan company at the two-day event, which was held at the Wanderers Club, Johannesburg.

China’s overdue credit card payments rise 5 pct in Q2

China’s overdue credit card payments rose 4.91 percent in the second quarter from the quarter 

Commercial Bank to keep 76 branches open on Hadji Festival Day

The Commercial Bank of Ceylon has announced it will keep76 branches open for business on 

Sampath Bank’s new Marketing Head shines at CMO Asia Awards

Nadi B. Dharmasiri, who took up the reigns as the Head of Marketing at Sampath Bank in July this 

Dutch finance minister seeks 20% cap on all corporate bonuses

AFP - Dutch Finance Minister Jeroen Dijsselbloem yesterday called for bonuses for company bosses t

Rupee ends firmer on inward remittances

REUTERS: The Sri Lankan rupee ended firmer yesterday as late inward remittances ahead of the annual Haj pilgrimage surpassed the mild dollar demand from importers, dealers said.

Sri Lanka bill yields plunge at auction

Economynext: Sri Lanka’s bill yields plunged at Wednesday’s auction with the 12-month yield falling 

ADB’s tie-up to open more market borrowings for HNB: Moody’s

Last week’s Asian Development Bank’s (ADB’s) investment in Hatton National Bank PLC’s (HNB) stock will open up further market borrowing opportunities for the latter with increased access to longer 

HSBC Fuel promo winners to witness the 2016 Formula 1 Singapore Grand Prix

Six lucky HSBC credit card customers will travel to Singapore this September to witness world 

Rupee steady; exporter dlr sales offset importer demand

REUTERS:  The Sri Lankan rupee traded steady yesterday as mild dollar demand from importers was offset by exporters’ greenback sales, dealers said.

‘Serious’ blow to London banks if UK quits single market: EU commissioner

AFP - The EU will not allow Britain to cling to advantages for its financial industry while blocking free 

Standard Chartered mortgage loans bring Cinnamon Life closer to home

Standard Chartered is proud to partner “Cinnamon Life - Game Changer and Flagship of Colombo” – a development by John Keells Group, soon to grace the skyline of the island nation, to provide mortgage loans to investors in “The Residence at Cinnamon Life” and “The Suites at Cinnamon Life” apartments. 

LIC (Lanka)’s Indian chiefs in town

S.K. Roy, Chairman, LIC of India and LIC (Lanka) Ltd. and Usha Sangwan, Managing Director of LIC of India and Director, LIC (Lanka) Ltd  are in Colombo.  

CDS signs MoU with Pakistani Depositary CDC

Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE)and the Central Depository Company of Pakistan (CDC), recently entered into a Memorandum of Understanding (MoU)regarding strengthening corporation onmutual development and knowledge sharing. 

CIMA Convocation to be held tomorrow

CIMA’s second Convocation for the year will be held tomorrow (September 9) at the BMICH, commencing at 5.00 pm.  

Capital Alliance trailblazes new frontier in financial markets with digital signature capability

Sri Lanka’s leading investment banking firm and the preferred partner in financial markets, Capital Alliance (CAL), is taking its digital initiatives forward and is the first company in Sri Lanka to allow customers onboard in a fully paperless manner using e-Signatures. 

BOC becomes most ‘liked’ state bank on Facebook

Taking on the digital world, Bank of Ceylon (BOC) passes over 100,000 authentic ‘likes’ on its official 

Pan Asia Bank’s ‘Champion Saver’ account pays highest interest; no withdrawal restrictions

Pan Asia Bank offers the highest interest rate of 8 percent (AER 8.33 percent) for savings deposits 

ComBank receives FinanceAsia award for Best Bank in Sri Lanka

Commercial Bank of Ceylon was formally presented the award for the ‘Best Bank’ in Sri Lanka in 2016 by FinanceAsia at the magazine’s annual Country Awards in Singapore recently. 

Cuddly bears show how to close life’s gaps

AIA’s regional presence in various towns across the island has become much looked forward to events for both children and adults, especially those who are young at heart. The most recent 

HSBC relocates Wellawatte branch

HSBC has relocated its branch in Wellawatte to a more conveniently accessible location at No: 587, 

Launch of Life Insurance Awareness Month – 1st to 30th September

In an effort to increase awareness regarding the value of life insurance, the Insurance Association of Sri Lanka (IASL) in partnership with the Insurance Board of Sri Lanka (IBSL) has for the 2nd 

Mastercard rewards cardholders with month long mega savings offers at Arpico Supermarkets

Mastercardand Richard Pieris Distributors Ltd. announced a partnership to offer 20 percent savings