ATTN: MR: CHANDIMA UDABAGE RUNDOWN THE STATE OF BUSINESS – 6TH NOV, 2007 SRI LANKAN
VTR
RAVI
FITCH
CARD
CHAMINDA
VALUE FIRST
VTR
LASHINI
1.15
BREAK 1- ADD STATE OF BUSINESS BRIDGE ADD BUDGET BRIDGE BUDGET TREASURY
VTR
RIYAD
VTR
RIYAD
FLASH
NISHANI
ADD CORPORATE BRIDGE HEYLEYS
BREAK 2 – ADD STATE OF BUSINESS BRIDGE STOCK
CARDS
CURRENCY
CARDS
LINE UP EDITOR ANCHOR
NISHANI NISHANI
1.05
HEADLINES 1.INFRASTRUCTURE PROJECTS WORTH OVER 1 BILLION DOLLARS TO GET UNDERWAY NEXT YEAR SAYS TREASURY SECRETARY, AND 2.STUDY FINDINGS ON CONTRACT RENEWAL BETWEEN SRI LANKAN AIRLINES AND EMIRATES TO BE DISCLOSED NEXT MONTH 1.SEGMENT:SRI LANKAN-VTR SRI LANKAN AIRLINES TODAY ANNOUNCED THAT THE TEAM APPOINTED BY THE PRESIDENT TO STUDY THE RENEWAL OF THE CONTRACT BETWEEN THE COMPANY AND EMIRATES AIRLINES WILL PRESENT THEIR RECOMMENDATION BY END OF THIS MONTH. THIS WAS REVEALED BY SRI LANKANS AIRLINES IN COLOMBO TODAY WHILE LAUNCHING A BOOK ON ITS ACHIEVEMENTS DURING PAST 10 YEARS. ROLL VTR 2.SLUG:FITCH-CARD FITCH RATINGS TODAY AFFIRMED, CENTRAL FINANCE COMPANY PLC’S NATIONAL RATING AT, A PLUS LANKA WITH A STABLE OUTLOOK. ACCORDING TO FITCH, CENTRAL FINANCE IS THE SECOND LARGEST REGISTERED FINANCE COMPANY WITH A HOLDING OF 23% OF THE SECTOR, AT END MARCH 2007. CARD IN THE COMPANY’S RETURN ON ASSETS HAS DECLINED TO 4.2% DURING THE FINANCIAL YEAR 2007 FROM 4.9% IN 2006, DUE TO AN INCREASE IN FUNDING COSTS, A RISE IN OPERATIONAL EXPENSES, DECLINE IN THE CONTRIBUTION OF OPERATING LEASE INCOME AND HIGHER EFFECTIVE TAXATION. HOWEVER CF’S PROFITABILITY STANDS FAVORABLY AGAINST THE SECTOR RETURN ON ASSETS OF 3.6% DURING FINANCIAL YEAR 2007. THE RATING AGENCY CAUTIONS THAT THE ASSET QUALITY IS LIKELY TO DETERIORATE SOMEWHAT IN FINANCIAL YEAR 2008 DUE TO POTENTIAL WEAKENING OF THE ECONOMY.
FITCH ALSO ADDS THAT THE RATING IS CONSTRAINED BY CF’S LACK OF PRODUCT AND FUNDING DIVERSITY WHICH IT SAYS IS AN INHERENT FEATURE IN THE RFC BUSINESS MODEL. LOAN GROWTH HAS SLOWED TO 29% DURING 2007 BUT WAS HIGHER THAN SECTOR GROWTH OF 26% DURING THE SAME PERIOD. THE COMPANY’S PORTFOLIO WAS DOMINATED BY VEHICLE FINANCE TO THE HIGHER END OF THE SUB PRIME MARKET, DURING 2007, WHILE LEASES AND HIRE PURCHASE AGREEMENTS HAS ACCOUNTED FOR 72% AND 20% OF THE COMPANY'S LOAN PORTFOLIO, RESPECTIVELY. CENTRAL FINANCE ALSO HOLDS THE MARKET LEADERSHIP IN THE PROVISION OF OPERATING LEASES, WHICH ACCOUNTED FOR 10% OF CF'S ASSETS AT FINANCIAL YEAR 2007. READ ON… 3.SLUG:VALUEFIRST–VTR VALUE-FIRST MESSAGING, AN INDIAN BASED INTERNATIONAL MOBILE VIRTUAL NETWORK OPERATOR ANNOUNCED ? THE COMMENCED OPERATIONS IN SRI LANKA THIS MORNING IN COLOMBO. THE FIRST OF ITS KIND IN THE COUNTRY, VALUE-FIRST PROVIDES ITS CUSTOMERS WITH MEANS OF COMMUNICATION BETWEEN VARIOUS I.T. SYSTEMS AND MOBILE PHONES VIA SHORT MESSAGING SERVICES. CURRENTLY VALUE-FIRST PROVIDES MOBILE VIRTUAL NETWORK OPERATOR SERVICES TO OVER 800 ENTERPRISES ACROSS THE GLOBE. ROLL VTR
BREAK 4. SLUG:
BUDGET – APONSU
DURING THE LAST TWO WEEKS THE RESPECTIVE BUSINESS CHAMBERS AND INDUSTRIALISTS VOICE THEIR CONCERNS AND EXPECTATIONS OF THE UPCOMING BUDGET. WITH THE 2ND READING JUST HOURS A WAY, WE SPOKE TO AN ECONOMIST ON THE KEY AREAS THAT NEED TO BE ADDRESSED IN THE 2008 BUDGET. ROLL VTR 5.SLUG:TREASURY-VTR SECRETARY TO THE TREASURY DR. P. B. JAYASUNDARA STATED THAT THE GOVERNMENT EXPECTS TO BRING DOWN THE BUDGET DEFICIT TO 7.5 FROM THE FORECASTED FIGURE OF 9.1%. THE FINANCE SECRETARY ALSO SAYS THAT PLANS ARE LAYED TO INCREASE GOVERNMENT TAX REVENUE BY 1% TO 17% OF GDP. HE MADE THESE COMMENTS AT THE PRE-BUDGET MEDIA CONFERENCE HELD THIS EVENING. ROLL VTR CORPORATE 6. SLUG:HEYLEYS HEYLEYS GROUP COMPANY HAS REPORTED A PROFIT BEFORE TAX OF 352.8 MILLION RUPEES FOR THE SIX MONTHS ENDING SEPTEMBER 30TH 2007 ON PAR WITH THE CORRESPONDING SIX MONTHS. ACCORDING TO THE COMPANY THE STRONG PERFORMANCE SHOWN BY DIPPED PRODUCTS IN THE 1ST HALF OF 2007/2008 HAS HELPED SUSTAIN THE GROUP’S PERFORMANCE. GROUP TURN OVER FOR THE PERIOD HAS GROWN BY 16% TO 5.4 BILLION. THIS WAS SUPPORTED BY A 19% GROWTH IN REVENUE, AND 14% GROWTH IN EXPORT VOLUME FROM LOCAL HAND PROTECTION MANUFACTURING OPERATIONS..
MEANWHILE KELANI VALLEY PLANTATIONS PLC HAS INCREASED ITS TURN OVER FOR THE NINE MONTHS ENDING SEPTEMBER 30TH 2007 TO 1,888 MILLION AN INCREASE OF 5% OVER THE SAME TIME PERIOD LAST YEAR THROUGH BETTER PRICES FOR RUBBER AND TEA. TURN OVER FROM TEA GREW BY 2% TO 1,176 MILLION OVER THE CORRESPONDING NINE MONTHS OWING TO THE PARTIAL RECOVERY OF THE CROP LOST TO TRADE UNION ACTION AND A 25% IMPROVEMENT IN TEA PRICES. WHILE TURN OVER FROM RUBBER INCREASED BY 11% TO 725 MILLION AS A RESULT OF A 3.6% INCREASE IN PRODUCTION AND 10.6 IMPROVEMENT IN THE NET SALES AVERAGES. READ ON… BREAK
7.STOX THE MARKET ENDED MARGINALLY NEGATIVE TODAY. ACCORDING TO ANALYSTS ACTIVITY WAS A MIX OF RETAIL AND INSTITUTIONAL PARTICIPATION. A TOTAL OF 10 CROSSINGS TOOK PLACE TODAY. 4 CROSSINGS TOTALING 1.22 MILLION SHARES TOOK PLACE ON HNB WHILE JKH SAW 3 CROSSINGS AMOUNTING TO 230,000 MILLION SHARES. 2 CROSSINGS TOTALING 1 MILLION SHARES TOOK PLACE ON DIALOG WHILE 450,000 SHARES OF SLT ALSO CHANGED HANDS. BLUE DIAMONDS TRADED 2.58 MILLION SHARES-THE HIGHEST FOR THE DAY AND WAS FOLLOWED BY CEYLON GLASS AND HNB. THE MAJOR SHARE TO TURN OVER WAS PUMPED IN BY HNB WHICH AMOUNTED TO 132 MILLION RUPEES WHILE JKH AND SLT FOLLOWED. CARD 1 THE ASPI SLIPPED 11.75 POINTS TO 2,620.13 WHILE THE MILANKA DIPPED 11.67 POINTS TO CLOSE AT 3,526.1 TURN OVER FOR THE DAY WAS TAGGED AT 407.1 MILLION RUPEES CARD 2 LEADING THE DAY’S GAINERS WERE MORRISONS NON VOTING, TESS AGRO, SINGALANKA, ASIAN ALLIANCE AND PARQUET CARD 3 WHILE FERN TEA LIMITED, HAPUGASTENNE, AEC, ALUFAB AND LAXAPANA HEADED THE LOSERS CARD 4 HOTEL SERVICES CEYLON LIMITED MADE A FINAL DIVIDEND ANNOUNCEMENT FOR THE DAY FOREX RATES CARD 5 CARD 6
SEGMENT:
MAIN
DATE:
07 / 11 / 2007
REPORTER: CHAMINDA SLUG:
FITCH - CARD
FITCH RATINGS TODAY AFFIRMED, CENTRAL FINANCE COMPANY PLC’S NATIONAL RATING AT, A PLUS LANKA WITH A STABLE OUTLOOK. ACCORDING TO FITCH, CENTRAL FINANCE IS THE SECOND LARGEST REGISTERED FINANCE COMPANY WITH A HOLDING OF 23% OF THE SECTOR, AT END MARCH 2007. THE COMPANY’S RETURN ON ASSETS HAS DECLINED TO 4.2% DURING THE FINANCIAL YEAR 2007 FROM 4.9% IN 2006, DUE TO AN INCREASE IN FUNDING COSTS, A RISE IN OPERATIONAL EXPENSES, DECLINE IN THE CONTRIBUTION OF OPERATING LEASE INCOME AND HIGHER EFFECTIVE TAXATION. HOWEVER CF’S PROFITABILITY STANDS FAVORABLY AGAINST THE SECTOR RETURN ON ASSETS OF 3.6% DURING FINANCIAL YEAR 2007. THE RATING AGENCY CAUTIONS THAT THE ASSET QUALITY IS LIKELY TO DETERIORATE SOMEWHAT IN FINANCIAL YEAR 2008 DUE TO POTENTIAL WEAKENING OF THE ECONOMY. FITCH ALSO ADDS THAT THE RATING IS CONSTRAINED BY CF’S LACK OF PRODUCT AND FUNDING DIVERSITY WHICH IT SAYS IS AN INHERENT FEATURE IN THE RFC BUSINESS MODEL. LOAN GROWTH HAS SLOWED TO 29% DURING 2007 BUT WAS HIGHER THAN SECTOR GROWTH OF 26% DURING THE SAME PERIOD. THE COMPANY’S PORTFOLIO WAS DOMINATED BY VEHICLE FINANCE TO THE HIGHER END OF THE SUB PRIME MARKET, DURING 2007, WHILE LEASES AND HIRE PURCHASE AGREEMENTS HAS ACCOUNTED FOR 72% AND 20% OF THE COMPANY'S LOAN PORTFOLIO, RESPECTIVELY. CENTRAL FINANCE ALSO HOLDS THE MARKET LEADERSHIP IN THE PROVISION OF OPERATING LEASES, WHICH ACCOUNTED FOR 10% OF CF'S ASSETS AT FINANCIAL YEAR 2007. READ ON…
Fitch Affirms Central Finance Company's 'A+ (lka)' Rating • • • •
CF’S PROFITABILITY COMPARED FAVORABLY AGAINST THE SECTOR ROA ASSET QUALITY IS LIKELY TO DETERIORATE SOMEWHAT IN FINANCIAL YEAR 2008 THE COMPANY’S ROA HAS DECLINED TO 4.2% DURING FY07 FROM 4.9% IN FY06. SOUND PROFITABILITY COUPLED WITH HIGH EARNINGS RETENTION ENABLED CF TO MAINTAIN A STRONG CAPITAL POSITION
SEGMENT DATE REPORTER SLUG
: : : :
CORPORATE 06/11/07 LASHINI VALUEFIRST – VTR
VALUE-FIRST MESSAGING, AN INDIAN BASED INTERNATIONAL MOBILE VIRTUAL NETWORK OPERATOR ANNOUNCED THE COMMENCED OPERATIONS IN SRI LANKA THIS MORNING IN COLOMBO. THE FIRST OF ITS KIND IN THE COUNTRY, VALUE-FIRST PROVIDES ITS CUSTOMERS WITH MEANS OF COMMUNICATION BETWEEN VARIOUS I.T. SYSTEMS AND MOBILE PHONES VIA SHORT MESSAGING SERVICES. CURRENTLY VALUE-FIRST PROVIDES MOBILE VIRTUAL NETWORK OPERATOR SERVICES TO OVER 800 ENTERPRISES ACROSS THE GLOBE. VTR SUPER: Vijay Shukla Co-founder/Director ValueFirst Messaging Pvt).Ltd. TAG LINES: ‘VALUEFIRST-LANKA’ Sri Lanka’s 1st ever Mobile Virtual Network Operator SMS- most effective method of communication:ValueFirst
VOICE OVER -
LASHINI – 06/11/07 – VALUEFIRST – VTR
VALUE-FIRST INTRODUCED NETWORK OPERATOR FOR ENTERPRISES.
THE CONCEPT OF MOBILE DATA SERVICES TO SRI
VIRTUAL LANKAN
EMPLOYING A PARTNERSHIP WITH MOBILE OPERATORS THE COMPANY FOCUSES ON SMS MOBILE MESSAGING. DESCRIBING SMS MESSAGING, AS THE MOST EFFECTIVE MEANS OF COMMUNICATION, VALUE FIRST SAYS LOCAL ENTERPRISES CAN BENEFIT BY USING SMS TO COMMUNICATE WITH THEIR AND CLIENTS. 27:22 DESPITE THE ECONOMIC SLOWDOWN AND CERTAIN OTHER HIGH LEVEL CONCERNS WITH THE COUNTRY WE FEEL THAT MOBILE DATA SERVICES IS MORE RELEVANT IN SRI LANKA THAN OTHER COUNTRIES THAT WE HAVE GONE TO 27:37 PRIMARILY BECAUSE OF MOBILE NETWORK IS ESTABLISHED AND THE MOBILE SUBSCRIBER NUMBERS ARE GROWING AND ALSO INTERNET IS NOT ALL THAT HIGH. INTERNET PENETRATION IS NOT HIGH. WHICH BASICALLY PUTS SRI LANKA IN A VERY UNIQUE POSITION. 27:57 WITH AN INITIAL INVESTMENT OF 1 MILLION US DOLLARS ,VALUEFIRST-LANKA PLANS TO PROVIDE MOBILE DATA SERVICES TO STATE DEPARTMENTS, BANKS, INSURANCE COMPANIES, STOCK BROKERS AMONG MANY OTHERS IN ITS FIRST YEAR OF OPERATIONS IN THE COUNTRY. ENDS.
SEGMENT:CORPORATE AIRED:6TH NOV SHOT:7TH NOV REPORTER:NISHANI SLUG: HEYLEYS HEYLEYS GROUP COMPANY HAS REPORTED A PROFIT BEFORE TAX OF 352.8 MILLION RUPEES FOR THE SIX MONTHS ENDING SEPTEMBER 30TH 2007 ON PAR WITH THE CORRESPONDING SIX MONTHS. ACCORDING TO THE COMPANY THE STRONG PERFORMANCE SHOWN BY DIPPED PRODUCTS IN THE 1ST HALF OF 2007/2008 HAS HELPED SUSTAIN THE GROUP’S PERFORMANCE. GROUP TURN OVER FOR THE PERIOD HAS GROWN BY 16% TO 5.4 BILLION. THIS WAS SUPPORTED BY A 19% GROWTH IN REVENUE, AND 14% GROWTH IN EXPORT VOLUME FROM LOCAL HAND PROTECTION MANUFACTURING OPERATIONS.. MEANWHILE KELANI VALLEY PLANTATIONS PLC HAS INCREASED ITS TURN OVER FOR THE NINE MONTHS ENDING SEPTEMBER 30TH 2007 TO 1,888 MILLION AN INCREASE OF 5% OVER THE SAME TIME PERIOD LAST YEAR THROUGH BETTER PRICES FOR RUBBER AND TEA. TURN OVER FROM TEA GREW BY 2% TO 1,176 MILLION OVER THE CORRESPONDING NINE MONTHS OWING TO THE PARTIAL RECOVERY OF THE CROP LOST TO TRADE UNION ACTION AND A 25% IMPROVEMENT IN TEA PRICES. WHILE TURN OVER FROM RUBBER INCREASED BY 11% TO 725 MILLION AS A RESULT OF A 3.6% INCREASE IN PRODUCTION AND 10.6 IMPROVEMENT IN THE NET SALES AVERAGES. READ ON…
CARD 1 • •
Heyleys group company reports a profit before tax of Rs. 352.8 Mn for the 6 months ending September 30th 2007 Group turn over for the period grew by 16% to Rs.5.4 Bn supported by a 19% growth in revenue, and 14% growth in export volume from local hand protection manufacturing operations.
CARD 2 • Kelani valley plantations plc has increased its turn over to Rs. 1,888 Mn for the 9 months ending September 30th 2007 - an increase of 5% over the same time period last year. •
Turn over from tea grew by 2% to Rs.1,176 Mn.
•
Turn over from rubber increased by 11% to Rs.725 Mn.
STOX THE MARKET ENDED MARGINALLY NEGATIVE TODAY. ACCORDING TO ANALYSTS ACTIVITY WAS A MIX OF RETAIL AND INSTITUTIONAL PARTICIPATION. A TOTAL OF 10 CROSSINGS TOOK PLACE TODAY. 4 CROSSINGS TOTALING 1.22 MILLION SHARES TOOK PLACE ON HNB WHILE JKH SAW 3 CROSSINGS AMOUNTING TO 230,000 MILLION SHARES. 2 CROSSINGS TOTALING 1 MILLION SHARES TOOK PLACE ON DIALOG WHILE 450,000 SHARES OF SLT ALSO CHANGED HANDS. BLUE DIAMONDS TRADED 2.58 MILLION SHARES-THE HIGHEST FOR THE DAY AND WAS FOLLOWED BY CEYLON GLASS AND HNB. THE MAJOR SHARE TO TURN OVER WAS PUMPED IN BY HNB WHICH AMOUNTED TO 132 MILLION RUPEES WHILE JKH AND SLT FOLLOWED. CARD 1 THE ASPI SLIPPED 11.75 POINTS TO 2,620.13 WHILE THE MILANKA DIPPED 11.67 POINTS TO CLOSE AT 3,526.1 TURN OVER FOR THE DAY WAS TAGGED AT 407.1 MILLION RUPEES CARD 2 LEADING THE DAY’S GAINERS WERE MORRISONS NON VOTING, TESS AGRO, SINGALANKA, ASIAN ALLIANCE AND PARQUET CARD 3 WHILE FERN TEA LIMITED, HAPUGASTENNE, AEC, ALUFAB AND LAXAPANA HEADED THE LOSERS CARD 4 HOTEL SERVICES CEYLON LIMITED MADE A FINAL DIVIDEND ANNOUNCEMENT FOR THE DAY FOREX RATES CARD 5 CARD 6
SLUG: REPORTER: DATE: SEGMENT:
MAIN RAVI 05/11/2007 SRI LANKAN - VTR
SRI LANKAN AIRLINES TODAY ANNOUNCED THAT THE TEAM APPOINTED BY THE PRESIDENT TO STUDY THE RENEWAL OF THE CONTRACT BETWEEN THE COMPANY AND EMIRATES AIRLINES WILL PRESENT THEIR RECOMMENDATION BY END OF THIS MONTH. THIS WAS REVEALED BY SRI LANKANS AIRLINES IN COLOMBO TODAY WHILE LAUNCHING A BOOK ON ITS ACHIEVEMENTS DURING PAST 10 YEARS. ROLL VTR Chandana De Silva Head of Corporate Communications Sri Lankan Airlines FLYING HIGH Air Lanka began operations in 1979. 56% of local tourists fly Sri Lankan Airlines.
VOICE OVER / SRI LANKAN / RAVI / 06/11 THE BOOK TITLED “MILESTONES ON OUR JOURNEY, IS WRITTEN BASED ON THE ACHIEVEMENTS OF THE NATIONAL CARRIER AND THE CHALLENGES IT FACED OVER THE PAST DECADE. THE BOOK HIGHLIGHTS THE PERFORMANCE OF SRI LANKAN AIRLINES DURING THE DECADE AFTER PRIVATIZATION. SRI LANKAN AIRLINES AND THE EMIRATES AIRLINES CAME INTO A 10 YEAR MANAGEMENT CONTRACT IN 1998. PRIVATIZATION OF THE AIRLINE SAW EMIRATES BUYING A 40% OF ITS STAKE, WHILE THE SRI LANKAN GOVERNMENT HOLDS THE MAJORITY OF ITS SHARES. SINCE THEN SRI LANKAN AIRLINES HAS POSTED PROFITS EXCEPT FOR IN 2000 AND 2001. VC - CHANDANA 27:51 THIS YEAR ENDING 2007/2008 MARCH ALSO LOOKS POSITIVE. AS A GROUP WE HAVE ALWAYS MADE PROFITS. I’M VERY HAPPY TO SAY THAT SRI LANKAN AIRLINES HAS BEEN A STAND ALONE COMPANY WITHOUT ANY ASSISTANCE FROM OUR SHARE HOLDERS. 28:20 THE NATIONAL CARRIER ALSO HAS PLANS TO EXPAND ITS FLEET TO MEET THE CURRENT DEMAND EMANATING FROM ITS 51 DESTINATIONS. TAPPING THE CHINESE MARKET WOULD BE A FOCAL POINT IN THE FLEET EXPANSION PLAN. 32:54 WE ARE LOOKING AT CHINESE TOURISTS BIG TIME. IN ORDER TO DO THAT WE NEED SOME AIR CRAFTS. THERE ARE SOME CRITICAL ISSUES THAT WE NEED SOME AIR CRAFTS. THERE ARE SOME CRITICAL ISSUES THAT THE SHAREHOLDERS HAVE TO DECIDE AND TELL US. 33:08 END
SEGMENT: DATE: REPORTER: EDITOR: SLUG:
MAIN 05TH NOVEMBER 2007 RIYAD R. NISHANI PRE-BUDGET 2008
SECRETARY TO THE TREASURY DR. P. B. JAYASUNDARA STATED THAT THE GOVERNMENT EXPECTS TO DECREASE THE BUDGET DEFICIT BY 1.6%, BY INCREASING IT’S TAX REVENUE BY 1% TO 17% OF GDP. THESE COMMENTS WERE MADE AT THE PRE-BUDGET MEDIA CONFERENCE HELD THIS EVENING. ROLL VTR Super Dr. P. B. Jayasundara Secretary to the Treasury VOICE OVER / PRE-BUDGET 2008 / RIYAD / 05TH NOVEMBER 2008 / - VTR 05.41 DR. PB EXPENDITURE IS MORE OR LESS LEVELING OFF AT THE PEAK THAT WE REACHED ON THE LAST 2 YEARS AND ON THAT BASIS WE THINK THAT THE DEFICIT REDUCTIONS THAT WE HAVE ACHIEVED FROM 2005 TO ’06 AND ’07 IS ALSO WE ARE ALSO LOOKING AT 7.5% BUDGET DEFICIT. 6.06 ON THAT BASIS WE ARE ALSO WORKING FOR A LOWER DEFICIT NEXT YEAR. 6.12 THE GOVERNMENT HAS YEAR MARKED OVER 1 BILLION DOLLARS WORTH OF INFRASTRUCTURE PROJECTS FINANCED THROUGH FUNDING AGENCIES TO BE IMPLEMENTED DURING THE NEXT 12 MONTHS. CUT DR. PB
SEGMENT: DATE: REPORTER: EDITOR: SLUG:
MAIN 05TH NOVEMBER 2007 RIYAD R. NISHANI BUDGET – APONSU
THE RESPECTIVE BUSINESS CHAMBERS AND CAPTAINS OF INDUSTRY VOICE THEIR CONCERNS AND ASPIRATIONS OF THE UPCOMING BUDGET IN THE LAST 2 WEEKS. WITH THE 2ND READING JUST OVER HALF A DAY AWAY, WE SPOKE TO AN ECONOMIST ON THE KEY AREAS THAT NEED TO BE ADDRESSED IN THE 2008 BUDGET. SUPER
Indrajith Aponsu Senior Lecturer – Economics University of Colombo