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‘No evidence of money laundering’:
The Bank of Ceylon (BoC) wants to expand and
continue its businesses in Victoria, Seychelles as the present
management sees a huge potential for business growth in that
country. “We want to create a positive image for the bank and
increase the number of customers in Seychelles,” Chairman Ronald
Perera said.
Investments from China, India, Japan:
Foreign Direct Investments (FDIs) which have
been drying up for over a year will get a fresh boost with
investments anticipated from China and other regional countries this
year, Finance Minister Ravi Karunanayake said before his departure
to Washington to attend the 2016 spring meetings of the IMF and the
World Bank Group.
‘Unique business model’:
Several options should be considered to fulfil
the government’s 2016 Budget proposal to consolidate HDFC Bank with
the State Mortgage and Investment Bank (SMIB) to set up one strong
housing bank for Sri Lanka. Banking sector analysts said if the two
banks, HDFC and SMIB are to be amalgamated in the near future it,
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