Category: Industry
Got It
Hatton National Bank (HNB), on Wednesday confirmed obtaining a listing on the Luxembourg Stock Exchange for its Global Depository Receipts (GDR) issue.Hatton National Bank (HNB), on Wednesday confirmed obtaining a listing on the Luxembourg Stock Exchange for its Global Depository Receipts (GDR) issue. Through this listing HNB will place 1,766,470 GDRs in Luxembourg at an […]
Insuring Sampath
Sampath Bank is considering an insurance subsidiary, pushing the service through its branch network.Sampath Bank is considering an insurance subsidiary, pushing the service through its branch network. The bank’s Managing Director Anil Amarasuriya on Wednesday said that the projects was in its conceptual stage and would need approval from its board of directors along with […]
Sowing SEEDS
Government sponsored welfare schemes like Samurdhi promise to help thousands jump the poverty trap. But experts say welfare systems alone, won’t eradicate poverty. Micro finance institutions, however, have had better success. Government sponsored welfare schemes like Samurdhi promise to help thousands jump the poverty trap. But experts say welfare systems alone, won’t eradicate poverty. Micro […]
Laptop Policy
Life insurance provider Ceylinco Life has equipped its field agents with mobile access to its databases, to speed up their liaising with clients.Life insurance provider Ceylinco Life has equipped its field agents with mobile access to its databases, to speed up their liaising with clients. The Rs. 25 million project has equipped some 140 agents […]
Flight Control
The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, for a better handle on passenger protection. The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, […]
Money Report Q & A – Hans Wijayasuriya
Though a late entrant to the Sri Lanka mobile Dialog started with GSM, a digital technology, when others were using older analogue technologies.In the run up to Dialog Telekom’s IPO, Shafraz Farook talked to Dialog’s Chief Executive, Dr.Hans Wijayasuriya. The following is a transcript of the interview broadcast over The Money Report, the financial news […]
Growth Plans
Proceeds from the Dialog share issue will fund its future network expansion which will help add some 500,000 more customers to its current base of over 1.4 million users. Proceeds from the Dialog share issue will fund its future network expansion which will help add some 500,000 more customers to its current base of over […]
Out of Mind
Mental health professionals say available mental health care in Sri Lanka is no where near enough to guarantee peace of mind.Mental health professionals say available mental health care in Sri Lanka is no where near enough to guarantee peace of mind. “We have been training people, but we need more,” says Director, Mental Health Services, […]
Profitable Risk
Risk management is important for any company to deliver optimum shareholder value. For highly leveraged entities like banks, risk management takes an even more important role. Companies can earn economic profits, only if risks are managed. Risk management is important for any company to deliver optimum shareholder value. For highly leveraged entities like banks, risk […]
Be Prepared
Lot’s of very small businesses around the coast were washed away by the tsunami also exposing a major weakness in the micro enterprise financing structure locally.Lot’s of very small businesses around the coast were washed away by the tsunami also exposing a major weakness in the micro enterprise financing structure locally. Experts say there were […]
Going Global
Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue.Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue. A statement is expected from HNB later today. Akbar Poonawala, Head of Global Equity Services at Deutsche Bank was quoted in BusinessWire […]
One Only
The CFA Institute – the global association which offers the Chartered Financial Analyst (CFA) qualification filed a lawsuit in the Commercial High Court of Sri Lanka this week against ICFAI Education Lanka.The CFA Institute – the global association which offers the Chartered Financial Analyst (CFA) qualification filed a lawsuit in the Commercial High Court of […]