Rupee firmer on exporter sales, inward remittances

?REUTERS: The Sri Lankan rupee traded firmer yesterday due to dollar sales by exporters and on inward remittances ahead of the festival season, dealers said.

IASL recognizes top achievers of ‘Life Insurance Awareness Month’ campaign

In celebration and commemoration of the success of the ‘Life Insurance Awareness Month’ campaign that was held during the month of September, the Insurance Association of Sri Lanka (IASL) hosted the Life Insurance Industry Awards Ceremony recently,...

HSBCnet mobile app gains momentum with local corporates

?MAS Legato, the Shared Service Centre of the MAS group, has become the newest user of HSBC’s newly launched global mobile application for HSBCnet.

LB Finance promises most ‘Giftful’ fixed deposit this season

LB Finance PLC, the trailblazer in Sri Lanka’s non-banking financial services industry, offers its fixed deposit customer a bagful of fantastic gifts this Christmas and New Year season. 

CA Sri Lanka launches mobile app

In its continuing efforts to remain current and progressive, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched its corporate mobile app. 

Fed rate hike expectations slowing inflows to capital account: CB

?The Central Bank (CB) yesterday said the inflows to the capital account slowing amid the expectation of the US Federal Reserve increasing interest rates. 

Pan Asia Bank relocates Katugastota branch

The fastest growing commercial bank, Pan Asia Banking Corporation PLC relocated its Katugasthota branch at its new location yesterday at No. 57, Kurunegala Road, Katugastota.   

PLC educates seizers on finer points

?People’s Leasing & Finance PLC (PLC) conducted the third edition of its awareness programme for registered seizers graced by PLC CEO/General Manager D.P. Kumarage. 

HDFC Bank credit camp promotes CBSL refinance schemes

The Matara branch of HDFC Bank under the guidance of the Southern regional office of the Central Bank of Sri Lanka (CBSL) organised a credit camp to offer loans to the beneficiaries under ‘Saubhagya’ and Commercial Scale Dairy Development Loan Scheme introduced by the CBSL. 

BOC becomes NBEA 2015 Overall Gold winner

Bank of Ceylon (BOC) was at the forefront at the 2015 National Business Excellence Awards (NBEA) with a massive victory- winning the Overall Gold award and becoming the winner in the categories of Banking sector, ...

Sarvodaya Development Finance launches auto finance department

?Sarvodaya Development Finance, a registered finance company of the Central Bank of Sri Lanka, under the Finance Business Act No.42 of 2011 has achieved another milestone by launching its auto finance department named SDF Auto Finance Department. 

ICMIF/AOA 5-5-5 Inclusive Mutual Insurance Symposium commences

?2015 is the first year of the ICMIF 5-5-5 Mutual Microinsurance Strategy, which aims to extend mutual insurance to five million low-income households over five years in five countries. The symposium will be held on December 7 and 8 at Taj Samudra Grand Crystal Ballroom.

Sampath Bank honoured with prestigious ‘The Banker Award’

?The London based Financial Times honoured Sampath Bank with the prestigious ‘The Banker Award’ for the fourth time in recognition of the Bank’s steady performance during the past year amidst challenging circumstances. 

Pan Asia Bank and LOLC Insurance to offer bancassurance

Pan Asia Bank recently signed an MOU with LOLC Insurance Co. to offer its customers the option to fulfill their insurance requirements at Pan Asia Bank Branches. 

Commercial Leasing & Finance enters world of Alternate Finance

Commercial Leasing & Finance PLC takes yet another revolutionary step towards delivering the best of innovative financial solutions.

Citi honoured at World’s Best Digital Bank Awards

?Citi has again been recognized as the Best Overall Global Digital Bank for 2015 by Global Finance magazine. 

Commercial Credit’s debenture issue oversubscribed on opening day

?Commercial Credit and Finance PLC’s issue of up to 20 million rated, guaranteed, subordinated, redeemable five-year debentures at a par value of Rs. 100 each was oversubscribed soon after subscriptions were opened on 3rd of December. 

Colombo District Court vacates enjoining order issued against HNB

Colombo District Judge T.D. Gunasekera vacated the enjoining order issued previously against Hatton National Bank PLC (HNB) implementing its Social Media Policy,...

Fitch Assign Mercantile Investments and Finance ‘BBB-(lka)’ rating

?Fitch Ratings Lanka has assigned Mercantile Investments and Finance PLC (MIF) a national long-term rating of ‘BBB-(lka)’. The outlook is stable. The agency has also assigned the company’s outstanding senior unsecured debentures a national long-term rating of ‘BBB-(lka)’.

People’s Bank recognises Pan Asia Bank

In recognition of Pan Asia Bank’s recent accomplishment in raising Rs.4 billion through a debenture issue, People’s Bank awarded a special plaque to Pan Asia Bank Director/CEO Dimantha Seneviratne at the Pan Asia Bank head office.

Asian Alliance Insurance wins big at National Business Excellence Awards

?Asian Alliance Insurance PLC clinched two prestigious awards – a Gold in the Insurance category and a Silver in the Overall Large Companies category – at the 2015 National Business Excellence Awards (NBEA), thereby increasing the tally of prestigious international and national awards bagged by the company. 

EY leads as auditors of CIMA-LMD Top 20

At the CIMA-LMD 100 Awards Night held on December 1, 2015, LMD announced the ‘Top 20 - Hall of Fame’ recognising the most prestigious listed companies in Sri Lanka.

Fitch assigns LB Finance ‘A-(lka)’; outlook stable

?Fitch Ratings has assigned LB Finance PLC (LB) a national long-term rating at ‘A-(lka)’ with a stable outlook.

Softlogic Finance clinches third NBEA

For excellence in business and contribution to the economic progress of the country, Softlogic Finance PLC was recognized with its third consecutive National Business Excellence Award (NBEA) in the ‘Non-Banking and Financial Services’ category recently.

KOPIA conducts trial performance of Korean rice transplanting machine in Rajanganaya

?Korea Programme on International Agriculture (KOPIA) Sri Lanka Centre Director Dr. Byoung Choon Jang conducted a trial performance of the Korean rice transplanting machines recently at the rice model farm village in Rajanganaya, Anuradhapura. 

HNB Grameen records impressive 227% profit growth in 1H15

?HNB Grameen Finance Limited has ended the first half of 2015 with a profit before tax (PBT) of Rs.853 million, up from Rs.261 million in the first half of 2014, recording a staggering 227 percent growth in profits.

CCC to discuss what businesses should look out for in 2016

The Ceylon Chamber of Commerce (CCC) will hold a forum titled ‘Global Economy and Sri Lanka - What Can We Expect in 2016’, with the participation of a top panel, which will include the likes of Central Bank...

Employers’ Federation of Ceylon clarifies…

?Apropos to the article titled ‘Employers’ Federation slams private sector wage increase’ published in Mirror Business yesterday, the Employers’ Federation of Ceylon (EFC) sent the following clarification. 

Pathfinder and Korea embark on feasibility study for bilateral FTA

?The Pathfinder Foundation in cooperation with the Embassy of the Republic of Korea (ROK) has commissioned a study on the feasibility of entering into a free trade agreement (FTA) between ROK and Sri Lanka. 

NTB invites to begin this festive season with Amex

Nations Trust Bank (NTB) American Express (Amex) invites you to celebrate the fourth anniversary of the Old Dutch Hospital. Partnering for the fourth consecutive year...