ATTN: MR CHANDIMA UDABAGE

RUNDOWN

THE STATE OF BUSINESS – 21st Nov, 2007

ADB VTR CHAMI 02:35

ICTA VTR LASHINI 02:35

MIGRANT VTR NILANTHA 03:15

T-BILLS

ADD DEALING ROOM BRIDGE 01:36

BREAK 1 - ADD STATE OF BUSINESS BRIDGE

TOURISM VTR ANOUK 02:12

BREAK 2 - STOCK WATCH

STOCK UPDATE CARDS 01.30

CURRENCY CARDS 00.20

LINE UP EDITOR - ANOUK

ANCHOR - DAKSHITHA

HEADLINES
1. COLOMBO URGED TO GET ON ROUTE TO BECOME NEXT LOGISTICS
HUB, AND
2. WORLD BANK ENCOURAGES SRI LANKA TO EXPLOIT ITS POTENTIAL
IN I.T. BPO OFF-SHORING
1.LOGISTIC HUB - VTR
THE ASIAN DEVELOPMENT BANK URGES SRI LANKA TO TAKE ACTION SOON, IF THE
COUNTRY IS TO CONVERT COLOMBO INTO A LOGISTICS HUB, BEFORE IT’S TOO
LATE.

THIS WAS STATED BY THE ADB’S DEPUTY COUNTRY DIRECTOR LAURANCE POCHARD
IN COLOMBO TODAY DURING A SEMINAR HELD UNDER THE TITLE “THE LOGISTICS
HUB OF COLOMBO”

THE DONOR AGENCY POINTS OUT THAT SRI LANKA HAS THE POTENTIAL TO DEVELOP
AS BOTH A MARITIME AND AVIATION HUB.

ROLL VTR

EXTRO

MORE ON ‘THE LOGISTICS HUB OF COLOMBO’ COMES YOUR WAY ON

THE STATE OF BUSINESS TOMORROW.
READ ON

2. ICTA – VTR

WORLD BANK COUNTRY DIRECTOR NAOKO ISHII SAYS THAT

DEVELOPING THE I.T. AND BPO SECTOR SHOULD BE A HIGH
PRIORITY IN SRI LANKA.

SHE SAYS THE COUNTRY’S PRIVATE SECTOR HAS MUCH TO GAIN FROM
INVESTING IN THE GLOBAL I.T. BPO OFF-SHORING MARKET WHICH
IS CURRENTLY ESTIMATED AT 100 BILLION U.S. DOLLARS AND
GAINING AT 30% PER YEAR.

SHE MADE THESE STATEMENTS AT THE 10TH PRIVATE SECTOR FORUM

ORGANIZED BY THE INFORMATION AND COMMUNICATION TECHNOLOGY
AGENCY OF SRI LANKA IN COLOMBO YESTERDAY.

ROLL VTR

3. LOCAL

HEALTH AUTHORITIES WARN THAT THERE IS A HIGH RISK FOR THE

SPREAD OF HIV/AIDS THROUGH THE MIGRANT WORKER COMMUNITY.

AT A SEMINAR HELD IN COLOMBO YESTERDAY IT WAS ALSO REVEALED

THAT THE SOCIETAL ATTITUDES TOWARDS THE KILLER DISEASE IN
SRI LANKA ARE ADDING TO THE WOES.

ADDRESSING THE GATHERING, MINISTER OF HEALTH NIMAL SIRIPALA

DE SILVA ALSO SAID THAT IT IS HIGH TIME THAT A POLICY
CHANGE ENSURES THAT MORE EDUCATED AND PROFESSIONALLY
QUALIFIED PEOPLE ARE SENT FOR OVERSEAS WORK INSTEAD OF
WOMEN WHO LEAVE THE ISLAND AS DOMESTIC WORKERS.

ROLL VTR

4. NOW WE TAKE A LOOK AT THIS WEEK’S TREASURY BILL PRIMARY

MARKET AUCTION RATES

5. UP NEXT IS CHANNA DAYARATNE WITH A SUMMARY OF TREASURY

OPERATIONS FOR THIS WEEK

BREAK

6. TOURISM

SRI LANKAN TOURISM PLAYERS SAY THAT THE WORLD TRAVEL MARKET
HELD EARLY THIS MONTH IN LONDON WAS A HUGE SUCCESS, ADDING
THAT PARTLY DUE TO THIS, THEY HOPE TO SEE AN INCREASE IN
TOURIST ARRIVALS TO THE ISLAND BEGINNING DECEMBER.

PARTICIPANTS AT THE WTM NOTED THAT MANY LEADS WERE

GENERATED THROUGH INTERNATIONAL TOUR OPERATORS, AGENTS AND
OTHER TOURISM PLAYERS.

THIS WAS REVEALED AT A MEDIA BRIEFING HELD AT THE SRI LANKA

TOURISM DEVELOPMENT AUTHORITY TODAY.

ROLL VTR

BREAK

STOX

ANALYSTS SAY THE MARKET CONTINUED TO BE VOLATILE THROUGHOUT

TODAY WHILE INTEREST WAS PREVALENT ON LOW VALUE COUNTERS.

JKH EXPERIENCED A CROSSING OF 85,000 SHARES AT 132 RUPEES.

NAWALOKA TRADED 1.25 MILLION SHARES, THE LARGEST NUMBER FOR

TODAY WITH E-CHANNELING AND GLASS, TRADING 0.77 MILLION AND
0.68 MILLION SHARES RESPECTIVELY.

E-CHANNELING MADE THE HIGHEST CONTRIBUTION TO TURNOVER OF

18.78 MILLION RUPEES, WHILE TOUCHWOOD AND JKH FOLLOWED.
FOREIGN BUYING WAS AT 20.79 MILLION WITH FOREIGN SELLING
TAGGED AT 17.87 MILLION.

THE ALL SHARE DIPPED 12.08 POINTS TO END TRADING AT

2,578.04 WHILE THE MILANKA ALSO PLUNGED 26.60 POINTS
CLOSING AT 3,415.42.

TURNOVER WAS RECORDED AT 146.1 MILLION RUPEES.

THE DAY’S TOP GAINERS WERE HOTELS CORP, MTD WALKERS PLC,
ASSOCIATED HOTELS, KANDY HOTELS AND MADULSIMA, WHILE INDO
MALAY, UDAPUSSELLAWA, ASHA CENTRAL, REEFCOMBER AND
SELINSING LED THE LOSERS.

HOTEL SERVICES AND ONALLY HOLDINGS MADE DIVIDEND

ANNOUNCEMENTS FOR THE DAY.

A RIGHTS ISSUE WAS MADE BY CEYLON HOTELS CORPORATION.

UP NEXT ARE THE FOREX RATES

SEGMENT: MAIN
DATE: 21 / 11 / 2007
REPORTER: CHAMINDA
SLUG: LOGISTIC HUB - VTR

THE ASIAN DEVELOPMENT BANK URGES SRI LANKA TO TAKE ACTION SOON, IF THE
COUNTRY IS TO CONVERT COLOMBO INTO A LOGISTICS HUB, BEFORE IT’S TOO
LATE.

THIS WAS STATED BY THE ADB’S DEPUTY COUNTRY DIRECTOR LAURANCE POCHARD
IN COLOMBO TODAY DURING A SEMINAR HELD UNDER THE TITLE “THE LOGISTICS
HUB OF COLOMBO”

THE DONOR AGENCY POINTS OUT THAT SRI LANKA HAS THE POTENTIAL TO DEVELOP
AS BOTH A MARITIME AND AVIATION HUB.

ROLL VTR

EXTRO

MORE ON ‘THE LOGISTICS HUB OF COLOMBO’ COMES YOUR WAY ON

THE STATE OF BUSINESS TOMORROW.

Laurance Porchard – ADB Deputy Country Director

Sri Lanka Resident Mission

“LOGISTIC HUB OF COLOMBO’

“Take action before it’s too late”- ADB

“Regional competition is tough”- ADB

“Sri Lanka has great potential”- ADB

VOICE OVER – LOGISTICS HUB – 21 / 11 - CHAMINDA

THE SEMINAR TITLED “THE LOGISTICS HUB OF COLOMBO” WAS ATTENDED BY KEY
INDUSTRY FIGURES.

HERE THEY DISCUSSED KEY AREAS SUCH AS CONVERTING COLOMBO INTO A

LOGISTIC HUB, GLOBAL ASPECTS AND DEVELOPMENT OF THE PORT.

THE FIRST SPEAKER ON THE AGENDA, THE ADB DEPUTY COUNTRY DIRECTOR OF THE
SRI LANKA RESIDENT MISSION POINTED OUT THAT A RECENT STUDY HAS
HIGHLIGHTED SRI LANKA’S UNIQUE POSITION TO MAKE A MARK AS A LOGISTICS
HUB.

4.12
ADB RECOGNIZES THE UNIQUE SITUATION IN COLOMBO BOASTS A BOTH MARITIME
AND AN AVIATION HUB, AND HAVE COMPETING CENTERS SUCH AS DUBAI AND
SINGAPORE AND HAVE BEEN ABLE TO TRANSLATE AND INTEGRATE THEIR
RESPECTIVE HUB OPPORTUNITIES INTO CREATING MAJOR LOGISTICS BUSINESSES.
4.33 WE IN COLOMBO HAVE BEEN SUCCESS IN ATTRACTING TRANSHIPMENT
BUSINESS, BUT NOT BEEN ABLE TO EXTRACT ANY SIGNIFICANT ADDED VALUE
SERVICES FROM THIS BUSINESS TO GENERATE ONE EMPLOYMENT AND COMMERCIAL
OPPORTUNITIES TO THE CITY. THIS IS A SHAME IT HAS TO BE REMEDIED.5.00

PORCHARD SAYS IF ACTION IS NOT TAKEN NOW, THE ISLAND NATION WHICH
DEPENDS LARGELY ON EXTERNAL TRADE WILL LOOSE OUT HEAVILY.

5.00 - WE APPRECIATE THE DEVELOPMENT IN INDIA, MAY POTENTIALLY

DIMINISHED THE OPPORTUNITY TO DEVELOP SUCH A MEGA LOGISTIC HUB UNLESS
BOTH ACTION AND THE SUPPORT OF THE GOVERNMENT AGENCI AND THE PRIVATE
SECTOR CAN BE MOBILIZED, 5.16 WE URGE ALL PARTIES TO TAKE ACTION BEFORE
IT IS TOO LATE, INDIA IS PROACTIVE WE CANNOT LAY REST, WE NEED TO BE
PROACTIVE, WE NEED TO MOVE FORWARD BEFORE ITS TOO LATE. 5.32

THE ADB IS A MAJOR FINANCIER OF TRANSPORT INFRASTRUCTURE PROJECTS AND

CURRENTLY BOASTS A ROAD SECTOR FINANCING PORTFOLIO OF 500 MILLION
DOLLARS.

ENDS.
4.12
ADB RECOGNIZES THE UNIQ SITUATION IN COLOMBO BOASTS A BOTH MARITIME AND
AN AVIATION HUB, AND HAVE COMPETING CENTERS SUCH AS DUBAI AND SINGAPORE
AND HAVE BEEN ABLE TO TRANSLATE AND INTEGRATE THEIR RESPECTIVE HUB
OPPORTNITIES INTO CREATING MAJOR LOGISTICS BUSINESSES. 4.33 WE IN
COLOMBO HAVE BEEN SUCCESS IN ATTRACTING TRANSHIPMENT BUSINESS, BUT NOT
BEEN ABLE TO EXTRACT ANY SIGNIFICANT ADDED VALUE SERVICES FROM THIS
BUSINESS TO GENERATE ONE EMPLOYMENT AND COMMERCIAL OPPORTUNITIES TO THE
CITY. THIS IS A SHAME IT HAS TO BE

5.00 - WE APPRECIATE THE DEVELOPMENT IN INDIA, MAY POTENTIALLY

DIMINISHED THE OPPORTUNITY TO DEVELOP SUCH A MEGA LOGISTIC HUB UNLESS
BOTH ACTION AND THE SUPPORT OF THE GOVERNMENT AGENCI AND THE PRIVATE
SECTOR CAN BE MOBILIZED, 5.16 WE URGE ALL PARTIES TO TAKE ACTION BEFORE
IT IS TOO LATE, INDIA IS PROACTIVE WE CANNOT LAY REST, WE NEED TO BE
PROACTIVE, WE NEED TO MOVE FORWARD BEFORE ITS TOO LATE. 5.32
SEGMENT: MAIN
DATE: 21/11/07
REPORTER: NK
SEGMENT: LOCAL

HEALTH AUTHORITIES WARN THAT THERE IS A HIGH RISK FOR THE

SPREAD OF HIV/AIDS THROUGH THE MIGRANT WORKER COMMUNITY.

AT A SEMINAR HELD IN COLOMBO YESTERDAY IT WAS ALSO REVEALED

THAT THE SOCIETAL ATTITUDES TOWARDS THE KILLER DISEASE IN
SRI LANKA ARE ADDING TO THE WOES.

ADDRESSING THE GATHERING, MINISTER OF HEALTH NIMAL SIRIPALA

DE SILVA ALSO SAID THAT IT IS HIGH TIME THAT A POLICY
CHANGE ENSURES THAT MORE EDUCATED AND PROFESSIONALLY
QUALIFIED PEOPLE ARE SENT FOR OVERSEAS WORK INSTEAD OF
WOMEN WHO LEAVE THE ISLAND AS DOMESTIC WORKERS.

ROLL VTR

TAG

‘HIV/AIDS FREE MIGRANT WORK FORCE’

SUPER

Nimal Siripala de Silva

Minister of Health

Dr. Nimal Edirisinghe – Director

National STD/AIDS Control Program

“..Discrimination & stigma keep away infected from

necessary care.” – Health Minister

“..Migrant workers should be encouraged to go in for

testing on return.” – Dr. Samarakoon

IN:
OUT:
VOICE OVER – MIGRANT

(SEMINAR VISUALS)
THE SEMINAR ON THE PREVENTION OF HIV/AIDS AMONG THE MIGRANT
WORKER COMMUNITY WAS ORGANIZED BY THE SRI LANKA BUREAU OF
FOREIGN EMPLOYMENT AND THE ASSOCIATION OF LICENSED FOREIGN
EMPLOYMENT AGENCIES WITH THE SUPPORT OF THE MINISTRIES OF
HEALTH AND FOREIGN EMPLOYMENT PROMOTION.

SPEAKING HERE, MINISTER OF HEALTH NIMAL SIRIPALA DE SILVA

SAID THE GOVERNMENT IS LOOKING AT CHANGING POLICIES WITH
REGARD TO FOREIGN EMPLOYMENT OPPORTUNITIES.

HE SAID IT WOULD BE MORE VIABLE TO THE COUNTRY SOCIALLY AND

ECONOMICALLY IF IT IS ABLE TO SEND MORE PROFESSIONALS
OVERSEAS AND LIMIT THE DISPATCHING OF WOMEN AS DOMESTIC
WORKERS TO MIDDLE EAST COUNTRIES.

SUB TITLE – MINISTER SILVA

(21.44 – 22.18)
We should send educated skilled professionals.
Then we can earn more foreign revenue.
Sending women as domestic workers has created
a social chaos here. We can minimize it as well.
Although we enjoyed certain financial advantages
by sending women aboard as migrant workers, it’s time to
compare these financial gains with the social turmoil we
face due to sending women overseas.

(FILE VISUALS)
AT PRESENT AROUND 1.5 MILLION SRI LANKANS ARE WORKING IN 23
DIFFERENT COUNTRIES – MAJORITY OF THEM IN THE MIDDLE-EAST –
AS MIGRANT WORKERS.

AS REPORTED BY HUMAN RIGHTS WATCH RECENTLY WOMEN WHO WORK

IN THESE COUNTRIES AS DOMESTIC WORKERS ARE SOMETIMES
SEXUALLY ABUSED.

THIS IS CITED AS ONE REASON WHY SRI LANKAN MIGRANT WORKERS

ARE EXPOSED TO HIV.

(CARD 2)
HEALTH MINISTRY STATISTICS SHOW THAT IN 2006 21 OF SRI
LANKA’S EXTERNAL MIGRANTS WERE FOUND TO BE HIV POSITIVE AND
THIS YEAR THE NUMBER HAS RISEN TO 28.
ALTHOUGH THE FOREIGN EMPLOYMENT BUREAU ORGANIZES WORKSHOPS
AND CONDUCTS TESTS ON HIV/AIDS FOR FEMALE MIGRANT WORKERS
BEFORE DEPARTURE, MANY BELIEVE THAT THIS IS NOT ENOUGH.

DR. NIMAL V/C – 10.04 – 10.24

This pre-departure training program & testing is done most
of the time for the sake of the other country. Because,
they request that. But on return there’s no mandatory
testing because its not possible. And according to our
policy we don’t do mandatory testing.

(VISUALS OF DOCTOR)

MEANWHILE DR. SUJATHA SAMARAKOON SAID THAT ALTHOUGH SOME

MIGRANT WORKERS VOLUNTARILY GO IN FOR HIV ANTI-BODY TESTING
ON RETURN MANY DO NOT SUBJECT THEMSELVES TO SUCH A TEST.

(CARD 2)

SHE FEELS THAT AUTHORITIES MUST ENCOURAGE ALL MIGRANT

WORKERS TO ALLOW THEMSELVES TO BE TESTED ON RETURN FOR THE
SAKE OF THEIR FAMILY AS WELL AS COUNTRY.

SHE ALSO SAID THAT THE LOW PREVALENCE RATE OF HIV/AIDS IN

SRI LANKA SHOULD NOT BE A REASON FOR COMPLACENCY.

ENDS/
CARD 1

SRI LANKA’S EXTERNAL MIGRANTS

FOUND TO BE HIV+

2006 – 21 (Male 07, Female 14)

2007 – 28 (Male 10, Female 18)

CARD 2

HIV/AIDS IN SRI LANKA

-First found in 1986 (Foreigner)

-By Sept. 2007, 923 HIV cases

(But Health Ministry says
the number could be more)

-57% of reported cases

are from Western Province
SEGMENT: MAIN
DATE: 21ST NOV 07
REPORTER: ANOUK
SLUG: TOURISM

SRI LANKAN TOURISM PLAYERS SAY THAT THE WORLD TRAVEL MARKET
HELD EARLY THIS MONTH IN LONDON WAS A HUGE SUCCESS, ADDING
THAT PARTLY DUE TO THIS, THEY HOPE TO SEE AN INCREASE IN
TOURIST ARRIVALS TO THE ISLAND BEGINNING DECEMBER.

PARTICIPANTS AT THE WTM NOTED THAT MANY LEADS WERE

GENERATED THROUGH INTERNATIONAL TOUR OPERATORS, AGENTS AND
OTHER TOURISM PLAYERS.

THIS WAS REVEALED AT A MEDIA BRIEFING HELD AT THE SRI LANKA

TOURISM DEVELOPMENT AUTHORITY TODAY.

ROLL VTR

SUPERS

Prema Cooray- Chairman

Sri Lanka Conventions Bureau

Abbas Esufally
Group Director
Hemas Holdings Ltd.

TAG

‘TOURISM EXPECTATIONS’
VOICE OVER/ 21ST NOV 07/ TOURISM/ ANOUK

BETWEEN 300 TO 500 TRAVEL AGENTS, 5000 TRADE PARTNERS AND

30,000 VISITORS PARTICIPATED AT THIS YEAR’S WORLD TRAVEL
MARKET HELD IN LONDON ON THE 13TH OF THIS MONTH IN LONDON.

THE EVENT PROVIDED THE PLATFORM FOR INTERACTION WITH

TOURISM PLAYERS AROUND THE WORLD, THROUGH PRESENTATIONS, A
MINISTERIAL CONFERENCE, AND MEETINGS WITH INCENTIVE
OPERATORS.

SRI LANKAN TOURISM STAKEHOLDERS WHO PARTICIPATED IN THE WTM

EXPRESSED GREAT SATISFACTION OVER THE RESULTS, ESPECIALLY
HIGHLIGHTING THAT THERE WERE NO NEGATIVE QUERIES OR
COMMENTS RAISED REGARDING SRI LANKA AS A SAFE TOURIST
DESTINATION.

VOICE CUT-ABBAS
(15:04)
THERE WAS NOT EVEN A SINGLE QUESTION ASKED FROM ME ABOUT
THE SECURITY SITUATION IN THE COUNTRY SO IT’S AN IMPORTANT
SHIFT IN THE IMAGE AMONGST THE BUYERS OF WHAT THE
DESTINATION OFFERS FOR THEM (15:20)

AT THE MEDIA BRIEFING IT WAS STATED THAT THE RESULTS OF THE

LEADS GENERATED AT THE WTM WOULD EXPECT TO START SURFACING
AROUND EARLY DECEMBER, WITH TOURIST ARRIVALS TO SRI LANKA
ALSO EXPECTED TO RISE NEXT MONTH.

VOICE CUT
(25:08)
WE ARE COMING INTO THE WINTER SEASON, SO WE ARE, WE DO
ENJOY HIGHER RATES THAN THE SUMMER SEASON FOR EXAMPLE, WE
DO ENJOY HIGHER OCCUPANCY RATES SO BOTH THESE REASONS WILL
CONTRIBUTE TO A MUCH BETTER BOTTOM LINE FIGURE FOR THE
WINTER MONTHS (25:32)

MEANWHILE TOURISM STAKEHOLDERS ALSO STRESSED THE INCREASING

FOCUS ON GREEN TOURISM GLOBALLY, ADDING THAT SRI LANKA HAS
ALREADY MADE HEADWAY IN THIS REGARD.

THEY STATED THAT IN ADDITION TO ESTABLISHING GREEN GLOBE

HOTELS AND FOLLOWING ECO-FRIENDLY TOURISM PRACTICES THAT
ARE A PART OF SRI LANKA TOURISM’S EARTH LUNG INITIATIVE,
THEY HAVE MORE PLANS IN THE PIPELINE.
VOICE CUT-(32:25)- PREMA
ALL OF US ARE INVOLVED IN A LANDMARK EXERCISE WHERE WE’RE
DEVELOPING A PILOT PROJECT IN DENIYAYA TO DEVELOP A ECO
TOURISM LODGE WHICH WILL ENCOMPASS ALL THE BEST PRACTICES
IN DEVELOPING A RESORT OF THAT NATURE (32:57)

ENDS/
SEGMENT : MAIN
DATE : 22/11/07
REPORTER : LASHINI
SLUG : ICTA – VTR

WORLD BANK COUNTRY DIRECTOR NAOKO ISHII SAYS THAT

DEVELOPING THE I.T. AND BPO SECTOR SHOULD BE A HIGH
PRIORITY IN SRI LANKA.

SHE SAYS THE COUNTRY’S PRIVATE SECTOR HAS MUCH TO GAIN FROM
INVESTING IN THE GLOBAL I.T. BPO OFF-SHORING MARKET WHICH
IS CURRENTLY ESTIMATED AT 100 BILLION U.S. DOLLARS AND
GAINING AT 30% PER YEAR.

SHE MADE THESE STATEMENTS AT THE 10TH PRIVATE SECTOR FORUM

ORGANIZED BY THE INFORMATION AND COMMUNICATION TECHNOLOGY
AGENCY OF SRI LANKA IN COLOMBO YESTERDAY.

ROLL VTR

SUPER:

Naoko Ishii
Country Director
World Bank

‘OFF SHORING OPPORTUNITIES’

“Sri Lanka has a lot to gain”- World Bank

VOICE OVER – LASHINI – 21/11/07 – ICTA – VTR

THE EVENT ALSO MARKED THE COMPLETION OF TWO YEARS OF THE

ICTA’S ICT CAPACITY BUILDING PROGRAMME WHICH IS A 5.2
MILLION US DOLLAR INITIATIVE TO PROVIDE A SHORT-TERM BOOST
TO THE PRIVATE SECTOR.

SPEAKING HERE WORLD BANK COUNTRY DIRECTOR, NOAKO ISHI

POINTED OUT THAT IN THE NEAR FUTURE, 60 MILLION JOBS WILL
BE CREATED IN DEVELOPING COUNTRIES VIA OFF-SHORING.

SHE SAID SRI LANKA WITH ITS CHEAPEST LABOUR AND LOWER
OFFICE RENTAL COSTS COMPARED TO OTHER COUNTRIES IN THE
REGION, IS WELL PLACED TO TAKE ADVANTAGE OF THIS
OPPORTUNITY.

43:10
DEVELOPING THE IT AND BPO OPPORTUNITIES SHOULD BE AT HIGH
PRIORITY IN DEVELOPMENT ORIENTED COUNTRIES SUCH AS SL 43:25
NOT ONLY WITH THE DEVELOPMENT OF THIS INDUSTRY SEGMENT
CREATE JOBS AND EXPORT OPPORTUNITIES IT WILL ALSO CREATE
POSITIVE SPILL OVER SUCH AS ENHANCED INCENTIVES FOR
EDUCATION, TECHNOLOGY AND KNOWLEDGE TRANSFER, ENVIRONMENTAL
PROTECTION AND IMPROVEMENT IN THE QUALITY OF LOCALLY
PROVIDED SERVICES.
43:56

BUT SHE ADDED THAT HIGH TELEPHONE AND ELECTRICITY CHARGES,

VERY RIGID LABOUR MARKET REGULATIONS ARE AMONG THE
CONSTRAINTS THAT NEED TO BE ADDRESSED.

DESPITE THESE CHALLENGES SHE SAID SEVERAL LARGE

MULTINATIONALS HAVE SET UP OR ARE ABOUT TO SET UP BPO FIRMS
IN SRI LANKA, WHICH NOAKO ISHI SAID, IS A GAIN FOR THE
COUNTRY.

41:52
FEMIT, IDC, SPRINGBOARD RESEARCH ARE THOSE EXAMPLES AT
CARNEY INCLUDED SRI LANKA IN 29TH POSITION IN THEIR LATEST
GLOBAL OUT SOURCING LOCATION INDEX REPORT 42:10 AND FORUMS
LISTED COLOMBO AS THE 5TH POSITION FOR MOST ATTRACTIVE
DESTINATION FOR FINANCIAL AND ACCOUNTING OUT SOURCING
OPERATIONS
42:22

ENDS.
STOX

ANALYSTS SAY THE MARKET CONTINUED TO BE VOLATILE THROUGHOUT

TODAY WHILE INTEREST WAS PREVALENT ON LOW VALUE COUNTERS.

JKH EXPERIENCED A CROSSING OF 85,000 SHARES AT 132 RUPEES.

NAWALOKA TRADED 1.25 MILLION SHARES, THE LARGEST NUMBER FOR

TODAY WITH E-CHANNELING AND GLASS, TRADING 0.77 MILLION AND
0.68 MILLION SHARES RESPECTIVELY.

E-CHANNELING MADE THE HIGHEST CONTRIBUTION TO TURNOVER OF

18.78 MILLION RUPEES, WHILE TOUCHWOOD AND JKH FOLLOWED.

FOREIGN BUYING WAS AT 20.79 MILLION WITH FOREIGN SELLING

TAGGED AT 17.87 MILLION.

THE ALL SHARE DIPPED 12.08 POINTS TO END TRADING AT

2,578.04 WHILE THE MILANKA ALSO PLUNGED 26.60 POINTS
CLOSING AT 3,415.42.

TURNOVER WAS RECORDED AT 146.1 MILLION RUPEES.

THE DAY’S TOP GAINERS WERE HOTELS CORP, MTD WALKERS PLC,
ASSOCIATED HOTELS, KANDY HOTELS AND MADULSIMA, WHILE INDO
MALAY, UDAPUSSELLAWA, ASHA CENTRAL, REEFCOMBER AND
SELINSING LED THE LOSERS.

HOTEL SERVICES AND ONALLY HOLDINGS MADE DIVIDEND

ANNOUNCEMENTS FOR THE DAY.

A RIGHTS ISSUE WAS MADE BY CEYLON HOTELS CORPORATION.

UP NEXT ARE THE FOREX RATES