SL Economic Association elects new executive committee

The Annual General Meeting of the Sri Lanka Economic Association (SLEA) was held on January 11th 2018 at the auditorium of the Economic Department of University of Colombo. A new Executive Council of SLEA for 2018 was elected unanimously at the AGM.

Malik meets with WEF on eve of Davos Summit

Development Strategies and International Trade Minister Malik Samarawickrama during a two day visit to Geneva recently met with Borge Brende, President of the World Economic Forum (WEF) and senior officials engaged in areas relating to Sri Lanka.

Banking sector asset quality wanes in 2017

The non-performing loans (NPLs) saw a steeper increase in 2017 as over two years of aggressive growth in consumer lending by Lankan banks started hurting their asset quality. 

Sri Lanka, India pledge to increase collaboration in IT

Sri Lanka and India pledged to heighten their cooperation in the field of digital and information technologies yesterday, during the visit of Indian Law and Justice and Electronics and Information Technology Minister Ravi Shankar Prasad.

Visiting Chinese billionaire pledges US $ 30mn investment in SupremeSAT

Xiaoru Cai, a Forbes-listed young billionaire of mainland China, has signed the partnership agreement and committed to invest US $ 30 million into SupremeSAT, the Sri Lankan satellite company, through his Shenzen-listed company, Tatwah Smartech.

NDB introduces cash recycle machine at Hemas Hospitals

In keeping with the bank’s strategy to provide customers with first-class millennial banking experiences, National Development Bank PLC launched a new generation of cash recycling machines (CRM), of which the maiden CRM was deployed at Hemas Hospitals, Wattala.

Basics of technical analysis for sound investment decisions

There are two primary methods used to analyze stocks and make investment decisions: fundamental analysis and technical analysis. 

From challenges to opportunities: The success of DSI Samson Group

Kulathunga Rajapaksa is no stranger to Sri Lanka’s industry and entrepreneur circles.

Asset liability management in banks

One of the key challenges of banks is to maintain equilibrium between inflows and outflows of funds, in terms of size and tenor. 

Seylan Bank recognised at CA Sri Lanka’s 53rd Annual Report Awards

Seylan Bank’s 2016 Annual Report themed ‘It’s all about the Journey’ was recognized with the Bronze Award under banking institutions category at the CA Sri Lanka’s 53rd Annual Report Awards Ceremony recently.

Fitch rates Sampath Bank’s Basel III sub debt ‘A (lka)(EXP)’

Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’.  

Singer introduces latest Samsung Smart Convertible refrigerators to Sri Lanka

Singer has been renowned over the years for their vast product portfolio of Samsung household appliances such as televisions, refrigerators, mobile phones, washing machines, microwave ovens and air conditioners.

International Financial Reporting Standard for Sri Lankan insurance industry

Insurance accounting has never been easier for accountants due to the complicated nature of insurance contracts when assessing the liability arising from  insurance contracts. 

Deen Brothers wins FCCISL Gold and Bronze awards

Deen Brothers Imports (Pvt.) Ltd, a company which provides the best machines and electrical appliances at fair prices nourishing the Sri Lankan industrial sector, was able to win the Gold award for the Southern Province and the Bronze award in the National Level at Entrepreneur of the Year 2017 organised by the Federation of Chambers of Commerce and Industries of Sri Lanka (FCCISL).

IMF to hold discussion with govt. to phase out controls on repatriating export earnings

The International Monetary Fund (IMF) will soon begin discussions with the Sri Lankan government on the pace of abolishing the controls on repatriating export proceeds.

SDB bank holds SME workshop at Anamaduwa

In order to rejoin the pensioners and retired war heroes to the Sri Lankan workforce and to direct them towards income generating businesses, SDB bank held “SDB Divi Saviya” workshop on November 27 at Sudampaya Town Hall, Anamaduwa. 

Mastercard leads conversations at digital and innovation workshop

Mastercard hosted over 210 senior representatives from banking, financial services and retail, as well as other key stakeholders at the inaugural Digital & Innovation workshop held at The Hilton, Colombo recently.

LB Finance crowned Sri Lanka’s top Finance and Leasing Brand

L B Finance, a leading financial services brand in Sri Lanka was listed among the top 20 brands at Interbrand’s Best Sri Lankan brands. 

How long can this bull market last?

2017 was a good year for investors. A benchmark of global stocks rose almost 22 percent during the year, registering its strongest gain since 2009’s rebound-from-recession, while global investment grade bonds rose more than 7 percent, marking their biggest yearly rise since 2007. While it’s tough to repeat this sterling performance, the broader macroeconomic outlook suggests that 2018 is likely to be another constructive year for inve

Singapore Central Bank head hopes cryptocurrency tech will survive ‘crash’

REUTERS: Singapore’s Central Bank head said yesterday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the virtual coins.

Floor at Indonesia’s stock exchange collapses, 75 injured

AFP: At least 75 people were injured yesterday when a mezzanine floor at Indonesia’s stock exchange building collapsed into the lobby, police said, with victims carried out of the debris-filled building on stretchers.

Altair sponsors 146th AGM of Colombo Club

Altair, Colombo’s most distinctive luxury living marque, was the sponsor of the 146th Annual General Meeting and gala dinner of the Colombo Club, one of the oldest and most exclusive social clubs in Asia.

Global Peter Drucker Forum recognises Stax Research Head

Stax Research Head Piyumi Kapugeekiyana, Ph.D, was recently a finalist and received a special mention for having the ‘Most Original Submission’ within the Professionals category at the ‘Peter Drucker Challenge’ organised for the ninth consecutive year by the Global Peter Drucker Forum (GPDF).

Global Peter Drucker Forum recognises Stax Research Head

Stax Research Head Piyumi Kapugeekiyana, Ph.D, was recently a finalist and received a special mention for having the ‘Most Original Submission’ within the Professionals category at the ‘Peter Drucker Challenge’ organised for the ninth consecutive year by the Global Peter Drucker Forum (GPDF).  

Perfect Business Solutions shines at FCCISL Annual Awards 2017

Perfect Business Solution Services (Pvt.) Ltd (PBSS) was rewarded with two Silver awards in the National and Western Province Medium category, at the recently concluded Federation of Chambers of Commerce and Industry of Sri Lanka  (FCCISL) Awards 2017, held at the BMICH.

NDB Toastmasters awarded accolades at Reverberation 2017

The National Development Bank PLC (NDB) Toastmasters Club was presented with the prestigious Golden Gavel Award for the third consecutive year at the Reverberation 2017 - Toastmasters International Conference, held in Chennai recently.

DFCC Bank becomes official banking partner for Fairway Galle Literary Festival 2018

As the official banking partner for the Fairway Galle Literary Festival to be held from January 24 to 28, 2018, DFCC Bank aims to strengthen its commitment to supporting literature and art in Sri Lanka.

Leema Creations wins Silver at Entrepreneur of the Year Awards

Leema Creations (Pvt.) Ltd, the leading total interior service provider and furniture manufacturer, won the Silver award for the Large Category segment at Entrepreneur of the Year Award 2017, organised annually by the Federation of Chambers of Commerce and Industry.

Fraternity youth entrepreneurship loan scheme

Merci Lanka Foundation, the pioneer interest free non-profit micro-finance organisation has launched a national reconciliation and integration week to express solidarity with President Maithripala Sirisena’s initiative to promote and strengthen peace, harmony and fraternity among all religions.

Tribute to Deivanayagam Eassuwaren, a gentleman par excellence

It is with profound sorrow that the National Chamber of Commerce records the demise of one of its well-respected past Presidents, Deshabandu Deivanayagam Eassuwaren.