@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
4441 results found in 1437 ms
Page 10 of 149
By Devin Jayasundera With the country’s Islamic banking still at a low penetration level, experts point out that with the strategic position that Sri Lanka occupies in the region, it should make forays into Islamic capital market to reap full benefits of this industry. Central Bank Governor Ajith Nivard Cabraal addressing the gathering KPMG’s Global ...
Reuters: Oil futures rose above $114 per barrel on Thursday, buoyed by expectations the European Central Bank will manage to ease its debt crisis with a new programme of bond purchases. Europe’s debt crisis and slowing global economic growth have fuelled worries about the demand outlook for commodities. Investors hope a new ECB bond-buying programme ...
The Colombo Stock Exchange (CSE) is turning to become a real market of producing a dip and a gain within a day, showing early signs of maturity though some remain sceptical overall. Having appreciated by nearly 11% in 12 market days, there was quick profit taking in early morning trading yesterday. This saw the ASI ...
George Steuart Finance Ltd. on Wednesday unveiled to the public the new corporate name and its future plans for growth. The company also announced the approval for listing on the Diri Savi Board of the Colombo Stock Exchange in the near future. Central Bank Governor Nivard Cabraal was the Chief Guest at the launch whilst ...
By Shanuka Tissera A very determined large business delegation from South Africa landed in Sri Lanka for a five-day tour, geared to heavily increase bilateral trade between the two countries. Exchanging of the MoU between Minister of Economic Development South Africa Prof. Hlengiwe Buhle Mkhize and Deputy Minister of Economic Development Sri Lanka Lakshman Yapa ...
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
American Express is offering card members another opportunity to feast at a variety of new restaurants each day of the week and enjoy a 30% savings on a choice of International Cuisine. Simply use your American Express card from 1 September to 31 October and enjoy special savings when you dine with your family and ...
Results of the ICC-Ifo World Economic Survey, released recently, reveal declining optimism over global economic recovery as fear continues to spread about the unsolved debt crisis in Europe. The Survey, which received responses from 1,079 experts in 123 countries, showed that the world economic climate indicator fell to 85.1 in Q3 2012 after two successive ...
By Cassandra Mascarenhas Offering an insightful view into international trade law and electronic transactions across borders, the second and final day of the regional expert consultation on connecting Asia-Pacific’s digital society for building resilience organised jointly by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the ICT Agency of ...
The Central Bank said yesterday the gross official reserves increased to $ 7,099 million by end July 2012 from US$ 6,045 million at end June 2012. This level of reserves is equivalent to 4.2 months of imports, it added. “The final tranche of the IMF-SBA facility as well as the proceeds of the fifth international ...
The Colombo stock market ended yesterday on a resilient note marking an over 10% rise in 12 days, though a degree of profit taking saw the liquid Milanka Index close marginally negative by eight points. The 0.84% or 45 points gain in All Share Index brought its 12-day increase to 10.8% apart from reducing the ...
A foreign fund had picked up Rs. 34 million worth of Sampath Bank shares on Tuesday, whilst the seller was Captains, who were busy collecting JKH. Sampath was a key contributor to Rs. 69 million net foreign inflow and 1.45% gain in ASI on Tuesday. Commercial Bank also saw Rs. 21 million worth of foreign ...
By Devin Jayasundera Former Securities Exchange Commission (SEC) Chief Tilak Karunaratne on Tuesday rebuked allegations of over regulation and ad hoc measures as having impacted the stock market during his tenure and noted that the SEC Act should be strengthened further to punish manipulators. “What some of the crony brokers and dishonest investors try to ...
DUBAI, (Reuters): Pakistan’s central bank has announced it will develop rules defining the roles and responsibilities of all those involved in the sharia compliance process of Islamic banks, including scholars. The rules aim to strengthen governance of the Islamic finance sector in the world’s second most populous Muslim nation, the central bank said in a ...
The much anticipated Islamic Finance News Roadshow will be inaugurated today by the Governor of the Central Bank of Sri Lanka, Ajith Nivaard Cabraal. The Governor will deliver the key note address at this forum which will also see the attendance of many other key officials of the Sri Lankan Islamic banking and finance industry. ...
Central Bank Governor Ajith Nivard Cabraal (right) met Mauritius Vice – Prime Minister and Minister of Finance and Economic Development Xavier-Luc Duval at his office in Port Louis on 31 August. During the discussion, co-operation between Mauritius and Sri Lanka in development activities including Global Business Operations was discussed. Assistant Governor C.J. P Siriwardana and ...
By Cassandra Mascarenhas Sri Lanka’s biggest ICT events of 2012, the ASOCIO international conference and the country’s national IT expo INFOTEL, will be held consecutively portraying the country’s persistent ICT development and the significance of the rapidly expanding industry. Hosted by the Federation of Information Technology Industry (FITIS), the Asian-Oceanian Computi...
The Lanka Micro Finance Practitioners Association (LMFPA), as the apex body of MFIs, in its bid to address and create awareness about development and current status of the industry including best practices commenced a series of Enabling Dialogues, where CEOs, general managers, directors of companies engaged in micro-financing (including licensed commercial banks and non-ban...
Sincere apologies, Hamlet! This distortion is to highlight the current impasse and to stress the need for thinking beyond short-term situational measures. The impasse is in getting the public university system going and in dealing with demands without forgetting that there is a nation in waiting and the vision for it involves that it should ...
Reuters: Asia’s services sector expanded in August despite a global economic downturn, business surveys showed on Wednesday, but optimism remained muted as regional economies toil to overcome the deepening impact of the festering euro zone crisis. The HSBC services sector Purchasing Managers’ Index (PMI) has remained above the 50-mark, which separates growth from contraction, in ...
Standard Chartered Bank (SCB) hosted their Priority Banking Customers to a Cookery demonstration, followed by breakfast at the Hilton Colombo recently.
NORTON, MASS. (AP) Tiger Woods has become the first $100 million man on the PGA Tour. Woods finished third Monday in the Deutsche Bank Championship and made $544,000, pushing his career total to $100,350,700. Next on the list is Phil Mickelson, who finished fourth at the TPC Boston and has $66,805,498. ‘’The purse increase helps,’’ ...
UNP MP and its key spokesman on economic affairs Harsha de Silva was the only politician from over 20 countries invited to speak at a recently-concluded global conference on impact and policy. At the forum he proposed that the impact of dynamically disseminating relevant information on elected officals among the public using mobile phones be ...
Profit taking by the minute sparks some volatility though retailers reinvesting gains Past six market days volume of shares traded at 478 million almost equals whole of July’s volume of 488 million Stock market gathers more strength on improved sentiments of retailers Number of trades yesterday over half of last week Foreigners return to net ...
Reuters: World number one Rory McIlroy clinched his fifth PGA Tour title, and second in three starts, with a one-shot victory over South Africa’s Louis Oosthuizen at the Deutsche Bank Championship on Monday. McIlroy, who began the final round three shots behind Oosthuizen, fired a four-under-par 67 for a 20-under 264 that handed the 23-year-old ...
Pure Gold, the reputed and award winning multinational jeweller based in Dubai, has arrived in Sri Lanka. “We warmly welcome Pure Gold Group to Sri Lanka. Their entry strongly enhances our gold industry profile. Pure Gold’s initial investment here is $ 50 m,” revealed Rishad Bathiudeen, Minister of Industry and Commerce yesterday, after meeting with ...
By Devin Jayasundera Former Securities Exchange Commission (SEC) Chief Tilak Karunaratne yesterday rebuked allegations of over regulation and ad hoc measures as having impacted the stock market during his tenure and noted that the SEC Act should be strengthened further to punish manipulators. “What some of the crony brokers and dishonest investors try to project ...
The financial arm of dominant holdings Vallibel Group, Vallibel Finance, showed marked growth in operations as the first quarter (Q1) of the new FY 2012/2013 draws to a close. Branch network expansion was seen as was growth in several key financial markets. Over the months of July and August, the financier inaugurated branches in the ...
Continued selling pressure remained on secondary market Treasury bonds yesterday as liquidity in the system remained at a net negative amount of Rs 5.5 Billion for a second consecutive day, Wealth Trust Securities said. It said Central Bank injected an amount of Rs 3.5 Billion by way of a reverse repo auction at a weighted ...
The Islamic Finance News (IFN) Roadshow, which is scheduled to take place this Thursday, will create an ideal forum to deliberate on the tremendous opportunities available for Islamic finance in the country, said Faizal Salieh, Amana Bank’s Managing Director/CEO. Amana Bank is the Lead Strategic Partner for the event, which will bring together the country’s ...