7th Dec

ATTN: MR CHANDIMA UDABAGE RUNDOWN THE STATE OF BUSINESS – 7TH DEC, 2007 HEALTH

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SAMANTHA

CENTRAL BANK

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NISHANI

CCC

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SHASHIKA

ADD STATE OF BUSINESS BRIDGE CBS

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RAVI

DESTINATION SRI LANKA BRIDGE HUNNASFALLS

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RAVI

BREAK 2 - STOCK WATCH STOCK UPDATE

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01.30

STOCK

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CURRENCY

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LINE UP EDITOR ANCHOR

- ANOUK/ NISHANI - NISHANI

00.20

HEADLINES 1. HEALTH SUMMIT IN COLOMBO INTENDS ON EFFECTIVELY IMPLEMENTING U.N. BACKED HEALTH PROGRAMS, AND 2. CODE OF CONDUCT INTRODUCED TO ADDRESS SEXUAL HARASSMENT AT THE WORKPLACE

1. HEALTH - VTR A REGIONAL HEALTH SUMMIT KICKED OFF IN COLOMBO TODAY AIMED AT DISCUSSING THE IMPLEMENTATION OF A COMBINED MECHANISM TO IMPLEMENT ALL UNITED NATIONS BACKED HEALTH PROGRAMS IN THE COUNTRY. THE HEALTH MINISTRY SAYS CURRENTLY UN AGENCIES SUCH AS WHO, UNDP, UNFP AND UNICEF ALL OPERATE INDEPENDENT PROGRAMS IN THE COUNTRY TARGETING THE LOCAL HEALTH SECTOR. ROLL VTR 2. CCC – VTR THE EMPLOYERS’ FEDERATION OF CEYLON REVEALED THAT SEXUAL HARASSMENT AT WORK HINDERS THE EFFICIENCY OF EMPLOYEES IN A COMPANY AND ULTIMATELY IMPACTS THE DEVELOPMENT OF A COUNTRY. THESE VIEWS WERE EXPRESSED AT A JOINT PRESENTATION BY THE CEYLON CHAMBER OF COMMERCE AND THE EMPLOYERS’ FEDERATION OF CEYLON ON SEXUAL HARASSMENT AT THE WORKPLACE. ROLL VTR 3. CENTRAL BANK THE CENTRAL BANK OF SRI LANKA SAYS THAT THE HIGH GROWTH IN BANK LENDING COULD BRING ABOUT A RISE IN CREDIT RISK AND NON PERFORMING LOANS. THUS THE CENTRAL BANK ADVISES BANKS TO MAINTAIN HIGH CREDIT STANDARDS TO AVOID ADVERSE DEVELOPMENTS IN THIS AREA. THIS WAS OUTLINED IN THE CENTRAL BANK’S FINANCIAL SYSTEM STABILITY REVIEW FOR 2007. ROLL VTR BREAK 4. CBS - VTR THE FIRST COUNTRY DIRECTOR OF THE IMF IN SRI LANKA SAYS THAT, SRI LANKA’S FIRST MEDIUM TERM SOVEREIGN BOND OF 500 MILLION DOLLARS SHOWS THAT THERE WILL BE GREATER INTEGRATION BY THE COUNTRY WITH GLOBAL MARKETS IN THE COMING YEARS.

ACCORDING TO HIM SO FAR THE COUNTRY HAS RETAINED A FINANCIAL MARKET STRUCTURE THAT IS ESSENTIALLY DOMESTICALLY ORIENTED IN NATURE. THESE WERE REVEALED AT THE 26TH ANNIVERSARY LECTURE OF THE CENTRE FOR BANKING STUDIES HELD YESTERDAY. ROLL VTR 5. HUNAS FALLS– VTR COLOURING OUR SPECIAL SEGMENT ‘DESTINATION TODAY, IS THE BEAUTIFUL HOTEL HUNAS FALLS.

SRI

LANKA’

ROLL VTR BREAK STOX TRADING AT THE CSE WAS AT A LOW EBB THROUGHOUT THE DAY RESULTING IN MEAGRE VOLUMES AND TURNOVER LEVELS. KELSEY DEVELOPMENT TRADED 1.12 MILLION SHARES- THE HIGHEST NUMBER FOR TODAY, FOLLOWED BY LANKA CEMENT AND GLASS WHICH TRADED 0.86 MILLION AND 0.76 MILLION SHARES RESPECTIVELY. KELSEY DEVELOPMENT ALSO MADE THE LARGEST CONTRIBUTION TO TURNOVER OF 24 MILLION RUPEES. MALWATTE AND LANKA CEMENT FOLLOWED. THE DAY SAW FOREIGN PURCHASES WORTH 37.9 MILLION FOREIGN SALES FOR THE DAY AMOUNTED TO 7.2 MILLION

WHILE

CARD 1 THE ALL SHARE DIPPED 18.06 POINTS TO END THE DAY AT 2,513.89 WHILE THE MILANKA ALSO SLIPPED 33.10 POINTS TO CLOSE AT 3,299.69. TURNOVER WAS AT 121.9 MILLION RUPEES. CARD 2 THE TOP GAINERS TODAY WERE LANKA HOUSE PRINTERS, SINGALANKA, HUNAS FALLS, PDL AND CFT CARD 3 WHILE THE MAIN LOSERS WERE LB FINANCE, LANKA CERAMIC, SELINSING, ROYAL PALMS AND THREE ACRE FARMS.

CARD 4 CENTRAL FINANCE MADE A DIVIDEND ANNOUNCEMENT TODAY. MANJULA AT ASHA PHILLIP JOINS US NOW FOR AN OVERVIEW OF WHAT TOOK PLACE IN THE STOCK MARKET THIS WEEK. FOREX RATES!

SEGMENT DATE REPORTER SLUG

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MAIN 07 / 12 RAVI HUNAS FALLS– VTR

COLOURING OUR SPECIAL SEGMENT ‘DESTINATION TODAY, IS THE BEAUTIFUL HOTEL HUNAS FALLS. ROLL VTR

SRI

LANKA’

VOICE OVER – HUNAS FALLS – 07/12 – RAVI JETWING HUNAS FALLS IS LOCATED IN ELKADUWA, 26KM AWAY FROM THE KANDY CITY. THE HOTEL GETS ITS NAME FROM THE PICTURESQUE HUNAS FALLS WHICH PROVIDES A BEAUTIFUL SETTING TO THIS IDYLLIC GETAWAY. THE HOTEL ALSO OFFERS GARDENS WITH WALKWAYS, A LAKE AND A MINI GOLF COURSE. JETWING HUNAS FALLS BOASTS OF SUPERIOR ROOMS, 19 DELUXE ROOMS AND 3 SUITS. THE HOTEL CONSISTS OF AN OUTDOOR SWIMMING COURT AND A SIX HOLE 3 PAR GOLF COURSE.

POOL,

TENNIS

OTHER FACILITIES IN THE HOTEL INCLUDES AN AYURVEDA MASSAGE PARLOUR, SIGNATURE DINING AND LIBRARY AMONG MANY OTHERS. END/

SEGMENT DATE REPORTER SLUG

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MAIN 07/12 RAVI CBS - VTR

THE FIRST COUNTRY DIRECTOR OF THE IMF IN SRI LANKA SAYS THAT, SRI LANKA’S FIRST MEDIUM TERM SOVEREIGN BOND OF 500 MILLION DOLLARS SHOWS THAT THERE WILL BE GREATER INTEGRATION BY THE COUNTRY WITH GLOBAL MARKETS IN THE COMING YEARS. ACCORDING TO HIM SO FAR THE COUNTRY HAS RETAINED A FINANCIAL MARKET STRUCTURE THAT IS ESSENTIALLY DOMESTICALLY ORIENTED IN NATURE. THESE WERE REVEALED AT THE 26TH ANNIVERSARY LECTURE OF THE CENTRE FOR BANKING STUDIES HELD YESTERDAY. ROLL VTR Dr. Anoop Singh - Director Western Hemisphere Department IMF TAG ‘FINANCIAL MARKETS’

VOICE OVER – CBS – 07 /12 – RAVI THIS LECTURE WAS ORGANIZED AS PART OF THE SERIES OF MONTHLY LECTURES ORGANISED BY THE CENTRE FOR BANKING STUDIES. DR. ANOOP SINGH SAYS THAT IN 1997 ASIA FACED A CAPITAL ACCOUNT CRISIS OF UNPRECEDENTED PROPORTIONS. LOOKING BACK A DECADE LATER NONE OF THE COUNTRIES THAT WERE SHAKEN BY THIS SUDDEN STOP TO CAPITAL FLOWS HAS CHOSEN TO RETREAT FROM GLOBALIZATION. 17:15 AT THAT TIME THE COUNTRIES THAT WERE IN THE HEART OF THE CRISIS, ESSENTIALLY KEPT THERE FACE IN INTERNATIONAL MARKETS AND DID NOT RETREAT FROM GLOBALIZATION. THAT WAS A WISE DECISION ALTHOUGH WE ARE SEEING CURRENCY AS A TEST IN FINANCIAL MARKETS IT REMAINS THE CASE THAT IN THE LAST 10 YEARS, COUNTRIES HAVE GREATLY BENEFITED FROM RISE IN CAPITAL FLOW. 17:48 HE SAID THAT IN THE LAST 10 YEARS, COUNTRIES HAVE MOVED AWAY FROM FIXED EXCHANGE RATES TO FLOATING EXCHANGE RATES WHICH IS NOT THE CASE HERE IN SRI LANKA. 29:23 HERE IN SRI LANKA WE STILL HAVE THE EXCHANGE RATE, THAT CONTINUES TO BE AN IMPORTANT NOMINAL ANCHOR. SO WE REALLY DON’T HAVE A STRICT INFLATION TARGETING SYSTEM. HOWEVER THAT ITSELF IS NOT A PROBLEM. WE KNOW THAT MANY COUNTRIES DON’T HAVE INFLATION TARGETING. BUT MANY ARE MOVING TOWARDS IT. SO ITS AN OPTION THAT I’M SURE THE CENTRAL BANK IS GOING TO BE CONSIDERING. 29:50 DR. SINGH SAID THAT SRI LANKA’S FISCAL DEFICIT IS HIGHER COMPARED TO OTHER COUNTRIES IN THE REGION ADDING THAT THIS IS CONTRADICTORY TO THE OTHER IMMERGING MARKETS WHICH HAVE BROUGHT DOWN THEIR FISCAL DEFICITS. 32:57 WE SEE H4ERE THE FISCAL POLICY REMAINS A BIT OF A PROBLEM IN SRI LANKA. WE SEE THAT THE FISCAL DEFICIT REMAINS FAIRLY HIGH COMPARED TO OTHER COUNTRIES. 33:11 ++ 33:47

WE SEE IN SRI LANKA THAT DEBT SERVICE IS STILL HIGH. THE TAX BASE IS NARROW AND SO I WOULD SAY THAT A KEY IMPERATIVE IS TO MOVE TO PRIMARY TO BALANCE IN THE GOVERNMENT. 34:04 END

SEGMENT: DATE: REPORTER: SLUG:

MAIN 07/12/2007 SAMANTHA HEALTH - VTR

A REGIONAL HEALTH SUMMIT KICKED OFF IN COLOMBO TODAY AIMED AT DISCUSSING THE IMPLEMENTATION OF A COMBINED MECHANISM TO IMPLEMENT ALL UNITED NATIONS BACKED HEALTH PROGRAMS IN THE COUNTRY. THE HEALTH MINISTRY SAYS CURRENTLY UN AGENCIES SUCH AS WHO, UNDP, UNFP AND UNICEF ALL OPERATE INDEPENDENT PROGRAMS IN THE COUNTRY TARGETING THE LOCAL HEALTH SECTOR. ROLL VTR ‘HANDLING HEALTH’

VOICE OVER/ HEALTH/SAMANTHA/07-12-2007 HEALTH MINISTRY SAYS OPERATING INDEPENDENTLY RESULTS IN THE COUNTRY NOT BEEN ABLE TO REAP THE FULL BENEFIT OUT OF THOSE PROGRAMS. AS SUCH, THE ONGOING SUMMIT WILL FOCUS ON FINDING WAYS AND MEANS OF CREATING A COMBINED MECHANISM TO IMPLEMENT ALL PROGRAMS UNDER ONE UMBRELLA. WORLD HEALTH ORGANIZATION OFFICIALS FROM COUNTRIES SUCH AS INDONISIA, BANGLEDESH, BHUTAN, INDIA AND NEPAL WERE AMONG THE PARTICIPANTS. UN AGENCIES HAS HELPED THE LOCAL HEALTH SECTOR IN TERMS OF TRAINING PERSONALS, PROVIDING EQUIPMENTS, AMONG MANY OTHERS. ENDS.

SEGMENT: MAIN AIRED:7TH NOV SHOT: REPORTER: NISHANI SLUG: CENTRAL BANK THE CENTRAL BANK OF SRI LANKA SAYS THAT THE HIGH GROWTH IN BANK LENDING COULD BRING ABOUT A RISE IN CREDIT RISK AND NON PERFORMING LOANS. THUS THE CENTRAL BANK ADVISES BANKS TO MAINTAIN HIGH CREDIT STANDARDS TO AVOID ADVERSE DEVELOPMENTS IN THIS AREA. THIS WAS OUTLINED IN THE CENTRAL BANK’S FINANCIAL SYSTEM STABILITY REVIEW FOR 2007. ROLL VTR ‘FINANCIAL SYSTEM STABILITY REVIEW 07’ Capital funds of banks increased in H107 Banks must improve asset liability management:Central Bank Profitability of finance and leasing companies Could become constrained Overall outlook for financial stability remains favourable

VOICE OVER/NISHANI/CENTRAL BANK/7TH NOV THE CENTRAL BANK SAYS THAT DESPITE THE RISING INTEREST RATES DURING THE FIRST HALF OF 2007 THE BANKING SECTOR WAS ABLE TO INCREASE ITS CAPITAL FUNDS WHILE THE CAPITAL ADEQUACY RATIOS OF THE BANKING SYSTEM REMAIN WELL ABOVE THE REGULATORY REQUIREMENTS. WHILE ADDING THAT CREDIT, MARKET AND LIQUIDITY RISK ARE AT MANAGEABLE LEVELS THE CENTRAL BANK NOTES THAT BANKS SHOULD IMPROVE THEIR ASSET LIABILITY MANAGEMENT TO MITIGATE LIQUIDITY AND MARKET RISKS ARISING FROM ASSET LIABILITY MISMATCHES. THE REPORT ALSO WARNS THAT PROFITABILITY OF FINANCE AND LEASING COMPANIES WHICH HAVE LESS FLEXIBLE RATES COULD BECOME CONSTRAINED IN THE HIGHER INTEREST RATE ENVIRONMENT AS FUNDING BECOMES MORE EXPENSIVE. HOWEVER IT SAYS THAT SRI THE RECENT DETERIORATION WHILE ON THE DOMESTIC OBLIGATIONS COULD EXERT RATES IN THE FUTURE.

LANKA HAS BEEN ABLE TO WITHSTAND IN THE GLOBAL FINANCIAL MARKETS FRONT THE RISING DEBT SERVICE AN UPWARD PRESSURE ON INTEREST

THIS THE BANK SAYS COULD BE CONTAINED BY THE DEBT MANAGEMENT STRATEGY BEING IMPLEMENTED TO EXTEND THE MATURITY PROFILE OF PUBLIC DEBT. THE REPORT NOTES THAT SRI EXPECTED TO REMAIN STABLE DOMESTIC RISKS. ENDS

LANKA’S FINANCIAL SYSTEM IS AMIDST RISING EXTERNAL AND

SEGMENT: DATE: REPORTER: SLUG:

MAIN 07 / 12 / 2007 SHASHIKA CCC – VTR

THE EMPLOYERS’ FEDERATION OF CEYLON REVEALED THAT SEXUAL HARASSMENT AT WORK HINDERS THE EFFICIENCY OF EMPLOYEES IN A COMPANY AND ULTIMATELY IMPACTS THE DEVELOPMENT OF A COUNTRY. THESE VIEWS WERE EXPRESSED A JOINT PRESENTATION BY THE CEYLON CHAMBER OF COMMERCE AND THE EMPLOYERS’ FEDERATION OF CEYLON ON SEXUAL HARASSMENT AT THE WORKPLACE. ROLL VTR SUPER Shyamala Gomez General Advisor to UN Resident Coordinator Neil Buhne UN Resident Coordinator

VOICE OVER / EMPLOYERS / SHASHIKA / 07/12 AT THE EVENT THE CEYLON CHAMBER OF COMMERCE AND THE EMPLOYERS’ FEDERATION OF CEYLON LAUNCHED THE CODE OF CONDUCT AND PROCEDURES TO ADDRESS SEXUAL HARASSMENT AT THE WORKPLACE. ACCORDING TO THE EMPLOYERS’ FEDERATION OF CEYLON THE GUIDELINES SET OUT IN THE CODE OF CONDUCT HELPS THE MANAGEMENT OF A COMPANY TO HANDLE COMPLAINTS OF SEXUAL HARASSMENT IN AN EFFECTIVE AND TRANSPARENT MANNER. THE EVENT SAW 42 COMPANIES SIGNING IN AGREEMENT TO THIS CODE. THE GENERAL ADVISOR TO THE UNITED NATIONS RESIDENT COORDINATOR SAID THAT EFFICIENCY AND PRODUCTIVITY CANNOT BE ACHIEVED IF THE EMPLOYEES CANNOT WORK WITH DIGNITY. VOICE CUT – SHYAMALA – IN – 33:56 IF THE PEOPLE CANNOT WORK COMFORTABLY, AND WITH DIGNITY, THE COMPANY CANNOT TAKE THE MAXIMUM OUT OF IT. THEY WANT CONTRIBUTE YOUR ORGANIZATION, THEY ARE NOT GOIN TO FEEL PART OF THE ORGANIZATION AT THE FIRST OPPORTUNITY THEY GOIN TO GET OUT OF THERE. OUT – 34:15 SHE ALSO SAID THAT SEXUAL HARASSMENT AT WORK IS AN ISSUE THAT WAS FREQUENTLY RAISED IN THE RECENT PAST. ALTHOUGH BOTH MEN AND WOMEN ARE SEXUALLY HARASSED AT WORK THE UNEQUAL POWER RELATIONS WHICH PREVAIL BETWEEN MEN AND WOMEN IN THE SOCIETY REFLECT THE GENDER RELATED IMPLICATIONS. VOICE CUT – SHYAMALA – IN – 41:20 IN ECONOMICALLY PEOPLE ARE FORCE TO LEAVE THE JOBS BECAUSE OF HARASSMENT WHEN IT COMES TO THE POINT PEOPLE LEAVE EMPLOYMENT AND IT IS CONSIDERABLY MORE DIFFICULT IN GENERAL FOR THE FEMALE TO FIND AN EMPLOYMENT THAN MALE. THE FEMALE UNEMPLOYMENT RATE IS LOWER THAN THE MALE UNEMPLOYMENT. OUT – 41:49 SHYAMALA GOMEZ FURTHER OUTLINED SEXUAL HARASSMENT AT WORK.

THE

ADVERSE

RESULTS

OF

VOICE CUT – SHYAMALA – IN – 40:00 YOU COULD HAVE HIGH TURN OVER, U COULD HAVE LOW WORKER MORAL ALL ULTIMATELY THINGS WHICH AFFECT TO YOUR PRODUCTIVITY AND EFFECTS THE REPUTATION OF THE COMPANY. OUT – 40:16 SHE SAID THAT THROUGH THIS CODE THEY TRY TO PROMOTE GENDER EQUALITY AND EMPOWER WOMEN AS PART OF THE COLLECTIVE PRIVATE SECTOR EFFORT TOWARDS ACHIEVING NATIONAL DEVELOPMENT. VOICE CUT – NEIL – IN – 59:50 GREAT THING ABOUT SRI LANKA MORE THAN OTHER COUNTRIES IN ASIA SHARE OF GROSS DOMESTIC PRODUCTS SIZE OF THE ECONOMY WHICH CONTRIBUTE BY THE WOMEN EMPLOYMENT IS LARGEST IN SRI LANKA. SO IF WOMEN’S PRODUCTIVITY IS EFFECTED BY THE SEXUAL HARASSMENT IT EFFECT THE ECONOMY BASES OF THE WHOLE COUNTRY. OUT – 01:00 END/

STOX TRADING AT THE CSE WAS AT A LOW EBB THROUGHOUT THE DAY RESULTING IN MEAGRE VOLUMES AND TURNOVER LEVELS. KELSEY DEVELOPMENT TRADED 1.12 MILLION SHARES- THE HIGHEST NUMBER FOR TODAY, FOLLOWED BY LANKA CEMENT AND GLASS WHICH TRADED 0.86 MILLION AND 0.76 MILLION SHARES RESPECTIVELY. KELSEY DEVELOPMENT ALSO MADE THE LARGEST CONTRIBUTION TO TURNOVER OF 24 MILLION RUPEES. MALWATTE AND LANKA CEMENT FOLLOWED. CARD 1 THE ALL SHARE DIPPED 18.06 POINTS TO END THE DAY AT 2,513.89 WHILE THE MILANKA ALSO SLIPPED 33.10 POINTS TO CLOSE AT 3,299.69. TURNOVER WAS AT 121.9 MILLION RUPEES. CARD 2 THE TOP GAINERS TODAY WERE LANKA HOUSE PRINTERS, SINGALANKA, HUNAS FALLS, PDL AND CFT CARD 3 WHILE THE MAIN LOSERS WERE LB FINANCE, LANKA CERAMIC, SELINSING, ROYAL PALMS AND THREE ACRE FARMS. CARD 4 CENTRAL FINANCE MADE A DIVIDEND ANNOUNCEMENT TODAY. FOREX RATES!