Sri Lanka’s third largest general insurer by gross written premiums (GWPs), Janashakthi Insurance PLC (Janashakthi) group, posted a net profit of Rs.357.5 million for the quarter ended March 31, 2016 (1Q16), up 236 percent from a year ago due t

In a fresh effort aimed at combating increasing fraud in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched the Certificate Course in Forensic Accounting, to inculcate chartered accountants with important knowled

An avant-garde travel service enterprise, Vasco Worldwide announced official opening of its new office in Sri Lanka. 

You may not have even thought about your retirement as yet, but it is inevitable. It makes sense that you take a minute to think about what sort of a retirement you fancy, so you can start planning early to make sure it turns out just the way you wan

The 8th SLIBFI Conference, scheduled for today (17) at the Ramada Colombo Hotel is expected to cover new ground and, importantly, from a fresh perspective. 

AFP - Russia’s second largest bank VTB yesterday announced a return to profit in the first quarter, saying “stabilisation” in the Russian economy had boosted revenues, although by less than analysts had expected.

AFP - The Bank of Japan’s shock negative rate policy is taking a bite out of profits at major banks, with Mitsubishi UFJ yesterday warning over its bottom line.

Deposit base of the Bank surpassed Rs.600 billion by end of March 2016 supported by the growth of both savings and fixed deposits. 

AFP - The alleged mastermind of a scam which cost Chinese investors hundreds of millions of dollars lived in a penthouse flat featuring peacocks and fountains, reports said yesterday after he was paraded on television confessing.

John Keells Holding’s banking sector arm, Nations Trust Bank PLC (NTB), upped its March quarter net profit

RUETERS:  China has asked Britain for advice on plans to create a financial super-regulator, as it looks 

Reiterating its status as one of the leading commercial banks and one of the most respected entities in Sri Lanka

Ex Sampath Bankers Club which was inaugurated in January this year took another step forward by launching its 

CIMA has sponsored the creation of the world’s first management accounting standard, codifying a universal 

Sanasa Development Bank PLC (SDB) has successfully attained the International Organisation for Standardization

Expert financial planner NDB Wealth has launched the high yield “Income Plus” fund, an attractive alternative 

Siyapatha Finance PLC, appointed Saman Herath as its new Managing Director effective from April 2016

Crescent Global Insurance and Reinsurance Brokers is the first global player in the insurance and reinsurance business, 

Procuring the world-renowned HP Tandem server and running the software for the past 16 years with undisrupted 

As the world of commerce becomes increasingly connected, consumers are continually seeking faster, more seamless and secure commerce solutions. This is putting the payments ecosystem under greater pressure to develop and deploy innovative payment sol

DFCC Bank Chief Executive Arjun Fernando has been elected the new Chairman of the Association of Development Finance Institutions of Asia and the Pacific (ADFIAP).  He took over as Chairman at the conclusion of the 39th Annual Convention held in

Nations Trust Bank (NTB) announced the appointment of Rachini Rajapaksha as a new member of the distinguished board of directors. Rajapaksha has over 20 years’ experience across a multitude of industries including accounting and fund management

Vallibel Finance further consolidated its standing as a futuristic finance company with a far-reaching documentation management system that would overhaul the company’s  operating system.

Facilitating a further extended service for its islandwide customers, the 249th branch of National Savings Bank (NSB) was opened in Kopai with the initiation of Children’s Affairs State Minister Wijayakala Maheswaran recently. 

National Development Bank (NDB) marked yet another milestone by winning the ‘runner-up’ award for Effectiveness in the Retail Touchpoints and Merchandising category at the recently held ACEF Awards in Mumbai India. 

During the last three weeks the article series focused on the credit rating industry. It discussed the definition

The Colombo Stock Exchange (CSE) and CFA Society Sri Lanka (CFASL) jointly held a special market opening ceremony yesterday in support of the ‘Putting Investors First Month’ campaign, to call attention to the needs and rights of investors

Sampath Information Technology Solutions Ltd (SITS) was recently awarded the ISO 9001:2008 Certification recognizing the company’s commitment towards providing high standards of quality and services to its customers. 

The Colombo Stock Exchange (CSE) yesterday announced a revision in the methodology of calculating price multiples (P/E, P/BV and DY). 

March 15, 2016 saw the wrapping up of the Sri Lanka Investment Summit in Singapore on a high note. Attended by 100s of professionals from various corporations in the financial industry, the summit hosted a number of prestigious speakers, including hi