Category: Banking and Finance
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Industry and Commerce, Board of Investment of Sri Lanka, the Department of Commerce and the Sri Lanka Export Development Board will be organizing Sri Lanka Investment and Business Conclave 2019 […]
‘s insurance industry records 5.7-pct growth in Q1 of 2019
Aug 06, 2019 (LBO) – The insurance industry reported a growth of 5.70 percent in terms of overall gross written premium (GWP), during the first quarter of 2019, recording an increase of 2,504 million rupees when compared to the same period in the year 2018, the Insurance Regulatory Commission of Sri Lanka said in a […]
Market Research Society of Sri Lanka to introduce new socio-economic measure
Aug 05, 2019 (LBO) – The Market Research Society of Sri Lanka will be introducing its new SEC (socio-economic) measure, which takes into account a 3rd dimension, which is a lifestyle indicator. The new SEC classification will be launched at the event organised on 13th of August 2019 at JAIC Hilton, Colombo targeting the business […]
Sri Lankan financial services company implements cloud-based digital strategy
Aug 05, 2019 (LBO) – With operations supported by a range of Microsoft solutions, Capital Alliance Group (CAL) recently featured in a Microsoft client case study (published on their website) highlighting how customers at CAL benefit from a reliable and trusted service, while employees enjoy a highly collaborative and connected workplace with the support of […]
CA Sri Lanka forum highlights need for accountants to lead in eradicating corruption
Aug 02, 2019 (LBO) – The increasingly important role professional accountants including Chartered Accountants can play in eradicating corruption and the culture of impunity was highlighted at a forum jointly organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and South Asian Federation of Accountants (SAFA). Delivering the welcome address, President […]
NDBIB advisor to Rs.2.8 Bn IPO in Maldives
Aug 02, 2019 (LBO) – NDB Investment Bank (NDBIB), acting as the sole financial advisor and manager is executing its 2nd initial public offering (“IPO”) in the Maldives with the launch of the IPO of Maldives Islamic Bank PLC (“MIB”), the first fully fledged Islamic Bank in the Maldives amounting to MVR 244.1million rupees. MIB […]
ComBank launches ‘Yasasa’ savings account exclusively for pensioners
The Commercial Bank of Ceylon has launched a savings account exclusively for government pensioners and their widows or widowers, to facilitate access to a host of special benefits the Bank provides to this segment. The ‘Yasasa Pensioners’ Savings Account’entitles pensioners below the age of 69 to apply for an advance of up to 75% on […]
Central Bank asks customers to register for e-payment notification facilities
Aug 01, 2019 (LBO) – Sri Lanka’s Central Bank is requesting customers to register for real-time e-payment notification facilities in order to prevent unauthorised electronic transactions. Releasing a statement, the bank also asked customers to obtain EMV chip-based payments cards from their respective Licensed Financial Institutions without delay and exercise caution when sharing information that […]
Seylan Bank records Rs 1.5Bn profit after tax during 1H 2019
Seylan Bank recorded a steady performance with Profits before Taxes reaching Rs. 3,476 Million for the 6 months ended 30th June 2019 against the Rs. 2,996 Million reported in the corresponding period of 2018 despite challenging market conditions and recent unexpected events that impacted the Sri Lanka economy. However, the Bank’s Profit after tax increased […]
Technology, Digital Transformation drives Sri Lanka’s future of business: IBM Forum
July 30, 2019 (LBO) – IBM today conducted an IBM Innovation Forum in Colombo that brought together business leaders to explore how they can leverage next-generation technologies for innovating at scale. The forum saw more than 250 attendees and was focused on bringing forward the business value of emerging technologies through a series of show-and-tell […]
Altair supports 2019 RCGC for 3rd year running
Jul 29, 2019 (LBO) – The revived RCGC Open, one of only two open golf tournaments conducted in Sri Lanka, and now titled the RCGC – Altair Open, is to be worked off over four days at the Royal Colombo Golf Club from 29th July – 1st August with the support of Altair, the event’s […]
Sri Lanka’s 1st dollar sovereign bond fund poised for global investors
Jul 26, 2019 (LBO) – Strong demand on the recent issuance of Sri Lankan International Sovereign Bonds (ISB) signals potential for a strong economic recovery according to Ceylon Asset Management (CAM)) Director and Economic Advisor, Rainer Michael Preiss. “The decline in Sovereign Bond Yields indicate that the worst is over for Sri Lanka. The coupon […]