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NDB Wealth encourages financial freedom this Independence Day

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Expert financial wealth planner, NDB Wealth Management encourages Sri Lankans to actively seek financial freedom as the nation celebrates the 73rd Independence Day today. NDB Wealth has strategized to advocate financial security to their loyal customers by educating them on the benefits of financial freedom. Growth and Income fund from NDB Wealth and Money Plus Fund from NDB Wealth are great options to not only build a reserve of savings that can be utilised to meet any unexpected and special requirements of your family or business but also to improve overall returns while thoughtfully considering the associated risks.

“Financial freedom offers the ultimate antidote to life’s financial worries – and here at NDB Wealth, we provide you with a portfolio of optimum solutions that work around the clock for your money, even while you are asleep. Today, as we celebrate Independence Day in our country, the time’s right to celebrate a future of financial freedom for you and your loved ones,” commented Ruwan Perera, Chief Operating Officer.

Elaborating further, he added, “Independence Day 2021 is the perfect time to take control of your finances and achieve financial freedom. Our team of experts will help you put together a thorough and in-depth plan that not only meets your immediate needs but also prepare you for any future expenses. Our team will carefully analyse to strike the right balance in order to gain the suitable returns whilst taking the minimum or manageable risks, allowing you to enjoy true financial freedom.”

NDB Wealth’s Growth and Income fund, an open-ended balanced fund is the ideal account for the ‘balanced investor’ who has a moderate inclination towards risk. The fund allows investors to take calculated risks and gives returns from both the stock and bond markets. The income generated from stocks as dividends and interest from the bonds and capital gains can be withdrawn anytime without a penalty.

Money Plus from NDB Wealth is an excellent account that offers a range of benefits similar to a fixed deposit with the added flexibility of withdrawing funds at any time without a penalty. It is also the ideal account for busy individuals who are too busy to keep track of their finances since the income from the account is credited daily, relieving you of that extra burden. Money Plus offers a current yield of 6.00% per annum as at 28th January 2021. 

It’s time to gain financial freedom. Visit www.ndbwealth.com or call on 0719 788 788 to speak to a relationship manager and set up your Money Plus or Growth and Income fund account. You can also visit their website to explore other investment opportunities, or even connect with NDB Wealth’s exemplary team of financial planners who can help you and your family in achieving full financial independence, with all the benefits entailed therein.

NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

*Current yield is variable and subject to change. Past performance is not indicative of future performance. Investors are advised to read and understand the contents of the Exploratory Memorandum before investing. Among others, investors should consider the fees and charges involved



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Moose Clothing Company wins award at SLIM Brand Excellence 2020

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Hasib Omar, Executive Director/CEO at Moose Clothing Company (second left) with the company’s Head of Sales and Marketing Stefan Schumacher, Head of Supply Chain Vinu Basnayake and Senior Manager Finance Nadeesha Gunawardana.

Moose Clothing Company clinched their first bronze award for “Best New Entrant Brand” category at the recently held SLIM Brand Excellence Awards 2020.

Moose Clothing believes in creating clothing that’s loved by all, allowing everyone to embrace and celebrate their unique personalities. Moose Clothing has over time established itself as a versatile brand that creates comfortable quality clothing with the perfect fit. The brand is keen about perfecting every aspect of their clothing and puts in every effort to create a quality garment that will always speak for itself.

Commenting on their marvellous achievement, Hasib Omar, Executive Director/CEO of Moose Clothing Company said, “This is indeed a testimony of our hard work and dedication towards the brand and our customers. At Moose we believe that each customer is unique and our clothing is tailored to match that uniqueness. We entered the market with that in mind and this award is a clear indication that we are on the right track.”

Established in 2018, the brand’s journey is all about celebrating the free-spirited personality of the wearers with versatile clothing that’s suitable for work, dance and play. 

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CSE bounces back; indices pick-up but turnover low

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By Hiran H.Senewiratne 

CSE activities bounced back  yesterday following a continued decline in its activities on  previous days.  But the market registered low turnover, fuelling investor concerns, stock market analysts said.

Both CSE indices moved upwards. The All Share Price Index went up by  76. 69 points and S and P SL20 rose by 39.03 points. Turnover stood at Rs. 2.07 billion without a crossing.

In the retail market, top five companies that mainly contributed to the turnover were; Expolanka Rs. 188 million (4.2 million shares traded), LOLC Holdings Rs. 158.6 million (526,000 shares traded), Sampath Bank Rs. 155 million (one million shares traded), JKH Rs. 145 million (975,000 shares traded) and  Dipped Products Rs. 118 million (2.8 million shares traded). During the day 76.96 million share volumes changed hands in 18746 transactions.

Sri Lanka’s rupee quoted flat at 196.00/197.00 levels to the US dollar in the one-week forwards market on Friday while bond yields remained steady, dealers said. The rupee last closed in the one- week forward market at 196.00/197.00 to the dollar on Thursday.

Sri Lanka expects the GDP to grow between 3.0 to 3.5 per cent in the first quarter of 2021 with the rapid vaccination campaign rolled out giving people more confidence.

 

 

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AIA Insurance congratulates Sri Lanka’s Most Admired Companies

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AIA Insurance congratulates the winners of Sri Lanka’s Most Admired Companies 2020, for being recognized not just for their financial performance but also the value they create for their shareholders, customers, employees and the wider community.

AIA commended the 25 companies that were awarded this esteemed accolade- for proving their mettle with consistency, authority and sustainable growth, creating excellent business performance. This was the third consecutive year that AIA was the Platinum Sponsor of the Awards, organized by the International Chamber of Commerce Sri Lanka (ICCSL) and other affiliated sponsors.

AIA CEO Nikhil Advani commented, “As part of Asia’s leading insurer and Sri Lanka’s Best Life Insurance Company for the 2nd consecutive year (awarded by the Global Banking and Finance Review) AIA’s core philosophy is doing the Right Thing, in the Right Way and with the Right People. We take pride in being associated with this event, which recognizes business excellence and ethics- essentially doing the right thing, the right way for the right results. We place honesty and integrity in the highest esteem and are delighted to celebrate reputed companies that share our values in generating value for their shareholders, customers and the community.”

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