Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Capital PLC, recently made waves in the financial services sector by introducing an industry-first digital solution for new investors joining the Colombo Stock Exchange.
Sri Lanka’s leading private sector bank, HNB PLC, continued to showcase its market leadership in international trade services after being declared Sri Lanka’s ‘Best Service in Trade Finance’ and ‘Market Leader in Trade Finance’ for 2023 by the Euromoney Magazine.
The Colombo Stock Exchange (CSE) announced the amendment of Trading Rules on the Over the Counter (OTC) Platform, where Repurchase (REPO) transactions in Corporate Debt Securities would be permitted between two (2) eligible investors operating through the same trading participant.
The Commercial Bank of Ceylon recently conducted an awareness programme for 110 micro, small, and medium entrepreneurs (MSMEs) in the food and beverage sector, to equip them with the knowledge necessary to develop their businesses to enter the export market.
Union Bank was recognised within the Top 100 public limited companies in Sri Lanka for transparency in corporate reporting as a result of the Corporate Reporting Assessment carried out by Transparency International Sri Lanka (TISL) for the year 2022.
HNB Assurance PLC (HNBA) and its wholly owned subsidiary HNB General Insurance Limited (HNBGI) ended 2022 in spectacular fashion with the Group figures indicating a growth in Profit After Tax (PAT) of 50 percent to Rs. 1,830.5 million for the year ended December 2022 compared to Rs. 1,223.6 million recorded a year earlier.
A colourful celebration enlivened by Sri Lankan performers set the stage for a commemorative event organised by the Commercial Bank of Ceylon recently to mark 20 years of remittance operations in the State of Kuwait.
Ceylon Tobacco Company PLC (CTC) retains its position as a Top Employer as certified by the Top Employer Institute for the third consecutive year, reiterating the company’s commitment towards upholding a culture built on robust People strategies and practices.
Success didn’t happen overnight for U Thant Zin, nor did it come easily. U Thant Zin is a paddy farmer in Auglan, Myanmar. For smallholder farmers like him, the lack of collateral and expertise in the agricultural sector remain significant barriers to obtaining financing.
Dimantha Seneviratne, Director/ CEO of National Development Bank was recently felicitated with the life time award of the Best Banking CEO of 2022, by the CEO Sri Lanka Magazine, in recognition of his contribution to the progress of the Sri Lankan banking sector, in one of the most turbulent years.
Ceylinco Life has emphatically reaffirmed its status as the country’s top life insurance company, winning the World Finance award for ‘Best Life Insurer in Sri Lanka’ for the ninth consecutive year in 2022.
In a one of a kind collaboration; Hatch, the award winning co-working space, start-up incubator and accelerator is partnering with HDFC Bank as their official banker, to give its community of startups access to an exclusive loan facility, the benefits of which will support these startups in strategically growing their business in the face of Sri Lanka’s challenging economic climate.
The Q+ Payment App, another state-of-the-art product of Commercial Bank of Ceylon, which uses a cutting-edge technology, has scaled new heights in technology-enabled convenience with the addition of several new features that enable different methods of fund transfers and flexible payment scheduling options similar to standing orders.
Amana Bank recently conducted its Governance Risk Compliance (GRC) Forum at Mandarina Hotel. The GRC Forum focused on the integrated collection of capabilities and global best practices that enables the bank to reliably achieve its objectives while addressing uncertainty and ensure compliance through principled performance.
In an effort to support customers receiving inward remittances, Cargills Bank has partnered with Cargills Food City to provide a 5 percent discount on customers’ total bills, when they withdraw remittances at any Cargills Food City outlet, island wide.
Further strengthening the partnership with MegaPay (Pvt) Ltd, one of Sri Lanka’s largest private sector banks, HNB PLC partnered with Pay&Go, a leading digital payment solution provider, to introduce an accessible and affordable card payment acceptance solution for Small and Medium Enterprises (SMEs) in Sri Lanka.
Sri Lanka’s pioneer insurer Sri Lanka Insurance (SLI) recognised and celebrated its top sales achievers for their outstanding performance during the year of 2021, at the most glamorous event of the year on the SLIC calendar – Star Awards 2021, hosted at Monarch Imperial, recently.
Aitken Spence PLC once again showed a stellar performance and was crowned as the sector award winner in the Diversified Holdings category and the winner of Demonstrated Resilient Practices for COVID-19 context.
Fonterra to proceed with sale process for Consumer businesses
BOI signs US$ 12.16mn deal with Celogen Lanka
Nissan to lay off thousands of workers as sales drop
EU Ambassador meets new BOI Chief to discuss economic ties
SLCERT warns WhatsApp users against sharing OTPs to prevent hacking
EC gets tough with filming polling-related activities
Police, military on high alert for today’s General Election