Biz Round Up 03rd Feb

ATTN: CHANDIMA UDABAGE – MD-ART TV BIZ ROUND UP – FEBRUARY 03, 2008 1. PETRO BID

VTR

THU

31

- MAIN 01 – CHAMINDA

2. REFINERY

CARD

THU

31

– MAIN 02 – RAVI

3. EMBARKATION

VTR

FRI

01

- MAIN 02 - SAMANTHA

- SHASHIKA

BREAK WRAP – NEWS IN BRIEF MAIN NEWS 1. CEYLINCO

VTR

THU

31

CORP

2. ICICI

VTR

WED

30

CORP

- SAMANTHA

3. CMA

VTR

TUE

29

MAIN 02

- ANOUK

CORPORATE WRAP 1. BAURS

VTR

FRI

01

CORP

- RIYAD

2. BROWNS

VTR

TUE

29

CORP

- NILANTHA

3. MAS

VTR

WED

30

CORP

- SAMANTHA

BREAK 2 WEEKLY FOCUS

SUSTAINABLE ENERGY

VTR

WED

SHORT BRIDGE WEEKEND DIALOG DR.TILAK SIYAMBALAPITIYA

VS

VRAI

30

MAIN 01

RAVI

SHORT BRIDGE STOCKS RAJEEV @ HNB STOCKBROKERS

VTR

ANCHOR: RAVI PRODUCER: SHASHIKA

HEADLINES 1. SRI LANKA ATTRACTS 3 COMPANIES FOR OIL EXPLORATION AND 2. COMPUTERIZED EMBARKATION CARD SYSTEM TO SAVE OVER 7 MILLION RUPEES ANNUALLY, AND

1. SRI LANKA HAS ATTRACTED THREE COMPANIES BIDDING FOR OIL EXPLORATION IN THE GULF OF MANNAR BASIN IN ITS FIRST LICENSING ROUND. THE BIDDING ROUND TO OFFER THREE BLOCKS IN THE GULF OF MANNAR BASIN COMMENCED DURING MAY LAST YEAR AND CAME TO A CLOSE AT 3.00 PM LAST THURSDAY. WE SPOKE TO A.H.M FOUZIE, THE MINISTER DEVELOPMENT TO GET MORE DETAILS ON THE BIDS.

OF

PETROLEUM

RESOURCES

ROLL VTR

2. MEANWHILE THE GOVERNMENT HAS GIVEN THE GREEN LIGHT FOR TWO UNITED ARAB EMIRATES FIRMS TO SET UP A PETROLEUM REFINERY AT HAMBANTHOTA. CARD IN: GREEN LIGHT GIVEN FOR TWO UAE FIRMS TO SET UP A PETROLEUM REFINERY IN HAMBANTHOTA THE OVERALL ESTIMATED INVESTMENT IS 1200 U.S. DOLLARS AND 500 MILLION OF THAT IS TO BE MADE PRIOR TO THE COMMENCEMENT OF COMMERCIAL OPERATIONS AND PROVIDE EMPLOYMENT TO 700 LOCALS.

THE TWO COMPANIES – TRANS ASIA GAS INTERNATIONAL AND STAR PETRO ENERGY HAD SUBMITTED THE PROPOSAL TO THE BOARD OF INVESTMENT FOR THE PROJECT, UNDER WHICH 100,000 BARRELS WILL BE REFINED. THE PROJECT WILL BE UNDER TAKEN BY TRANS ASIA STAR REFINERY LANKA PRIVATE LIMITED, THE PROJECT COMPANY INCORPORATED IN SRI LANKA. ROLL VTR

3. THE DEPARTMENT OF IMMIGRATION AND EMIGRATION HAS INTRODUCED COMPUTERIZED EMBARKATION AND DISEMBARKATION CARDS, ENABLING A SAVING OF 7 TO 8 MILLION RUPEES ANNUALLY. A CEREMONY TO LAUNCH THE NEW SYSTEM WAS HELD IN COLOMBO LAST WEEK. ROLL VTR WE TAKE A BREAK, STAY WITH US FOR MORE BUSINESS NEWS…… WELCOME BACK…YOU’RE WITH BIZ ROUND UP…. AND NOW WE TAKE A LOOK AT STORIES WHICH MADE HEADLINES IN THE BUSINESS SECTOR LAST WEEK.....

1. SRI LANKA’S LIFE INSURANCE LEADER CEYLINCO LIFE HAD DECLARED THE COUNTRY’S FIRST LIFE INSURANCE WEEK IN ORDER TO DRIVE THE PENETRATION OF LIFE INSURANCE IN THE MARKET. THE LIFE INSURANCE WEEK HAS BEEN SCHEDULED FROM THE 11TH TO THE 17TH OF FEBRUARY. THIS WAS ANNOUNCED AT A MEDIA BRIEFING HELD LAST WEEK. READ ON

2. JANASHAKTHI INSURANCE COMPANY PRIVATE LIMITED HAS SIGNED A STRATEGIC PARTNERSHIP AGREEMENT WITH ICICI BANK TO OFFER BANK ASSURANCE PRODUCTS TO CUSTOMERS AT ICICI BANK OUTLETS. THE PARTNERSHIP AGREEMENT WAS PENNED RECENTLY IN COLOMBO. READ ON

3.

THE CERTIFIED MANAGEMENT ACCOUNTANTS OF SRI LANKA HAS LAUNCHED ITS CMA PROFESSIONAL QUALIFICATION COURSES IN SINHALA AND TAMIL. THE DETAILS OF THE COURSE WERE ANNOUNCED AT A MEDIA BRIEFING HELD RECENTLY. READ ON AND IN CO PRATE RAP

1. ONE OF THE LARGEST OPTICAL SPECIALISTS IN THE WORLD CIBA VISION THE EYE CARE UNIT OF NOVARTIS AG, SIGNED A STRATEGIC PARTNERSHIP WITH BAURS LIMITED TO MARKET ITS VISION CARE RANGE IN SRI LANKA. CIBA VISION’S FRESHLOOK COLOURBLENDS IS DEEMED AS THE WORLDS BEST SELLING COLRO CONTACT LENS BRAND AND THE DISPOSABLE LENSES GIVE ITS USERS THE MOST NATURAL EYE COLOUR CHANGE WITH ITS PATENTED 3 IN 1 COLOUR TECHNOLOGY. READ ON

2. BROWN & COMPANY PLC WHICH BOASTS A HISTORY OF OVER 130 YEARS HAS LAUNCHED “BROWNS POWERMART” THE ONE STOP AUTOMOTIVE POWER-SHOP IN COLOMBO. A UNIQUE SERVICE OFFERED THROUGH ‘BROWNS POWERMART’ IS THE ‘BATTMOBILE’, WHICH OFFERS CUSTOMERS A REAL VALUE ADDITION FREE OF CHARGE. READ ON

3. MAS HOLDINGS ANNOUNCES THE LAUNCH OF THE MAS INSTITUTE OF MANAGEMENT AND TECHNOLOGY OR MIMT LOCATED AT THE MAS FABRIC PARK, THULHIRIYA. MIMT’S PARTICULAR FOCUS WILL BE ON THE TEXTILE, APPAREL, I.T AND BPO SECTORS. THIS WAS STATED AT A MEDIA BRIEFING HELD IN COLOMBO RECENTLY. READ ON COMING UP AFTER THE BREAK IS WEEKLY FOCUS…..DO STAY WITH US…. WELCOME BACK AMIDST REPORTS OF A POSSIBLE ELECTRICITY TARIFF HIKE ENERGY EXPERTS POINT OUT THAT THE CEYLON ELECTRICITY BOARD WILL HAVE TO INCREASE RATES BY AT LEAST 35% TO BREAK EVEN. THIS WAS STATED BY ENERGY EXPERT DR. TILAK SIYAMBALAPITIYA LAST WEEK WHEN WE INQUIRED FROM HIM AS TO WHAT CONSUMERS SHOULD EXPECT IF THE CEB INCREASES ELECTRICITY TARIFFS. CEB OFFICIALS RECENTLY ANNOUNCED TO THE MEDIA THAT A PRICE HIKE IS AN OPTION THEY ARE LOOKING AT IN ORDER TO CUT DOWN PRESENT LOSSES EXPERIENCED DUE TO SELLING ELECTRICITY AT LOWER RATES. ROLL VTR NOW LETS JOIN VRAI FOR WEEKLY FOCUS THAT ENDS BIZ ROUND-UP FOR THIS WEEK…..... THANK U FOR WATCHING…….. DO JOIN US AGAIN AT THE SAME TIME NEXT WEEK….....