DOCSLIB.ORG

Banking & Finance

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Banking & Finance Thursday 08th May, 2008 Banking & Finance Page 3 Creating an New thinking on risk environmentally sensitive management in banks needed work force at HSBC by P. Samarasiri, Assistant Governor, regulations all over the world were quickly liabilities on deposits and debts and to meet Central Bank of Sri Lanka introduced in a possible attempt to prevent such their financial obligations relating to other In response to the Directions on Corporate scandals and failures in future, and to soothe the financial services such as lending and payments Governance issued to banks by the Central Bank nervous minds of investors, both local and inter- services without interruption. Any potential on December 26, 2007, various views have been national. risk which may damage this public confidence expressed on the nature of the corporate gover- Modern Corporate Governance Codes have will cause depositors’ run on banks as well as nance that should be in banks. Therefore, this extensively addressed several major governance customers’ default on their obligations to banks article is published to educate the general public issues. These include transactions with related- which will eventually lead to liquidity crisis, about the background of the corporate gover- parties of the institutions such as directors, insolvency and failures of even well-run banks. nance literature, the need for a specific corpo- their close relations and businesses, conflicts of The literature of bank failures in many coun- rate governance mechanism for banks and the interest, creative accounting methods to hide tries shows that failures of some banks may nature of corporate governance introduced by adverse financial outcomes, ownership/share- cause contagion on the banking system due to the Central Bank. holder concentration and dominance, lack of damaged public confidence. shareholders’ voice, lack of independence of What is Corporate Governance? auditors and strategic direction toward long- ! Business involving money creation Any institution, whether it is state or pri- term wealth creation. In general, while related- Banking system has the ability to create Ranil Fernando and Ranjula Mendis of Team ‘Corporate Real Estate’ vate, conducts a business or economic activity party transactions have been at the very centre money through its business and this created receiving the winner’s certificate and award from Nick A Nicolaou Chief which involves several categories of stakehold- of many of Asia’s scandals, corporate scandals money is the largest component of the money in Executive Officer for HSBC Sri Lanka and Maldives ers such as owners/shareholders, employees, in the US and Europe have stemmed mostly circulation available for financing/facilitating HSBC concluded its much the common objectives of - customers and general public. Therefore, it is from creative accounting which hid the true pic- economic transactions. Therefore, the business awaited first ever “Inter supporting the group’s com- necessary that the business of any institution ture of financial transactions of a company. The of banks is carried on a public good which is Departmental Competition mitment to climate change, should be organized and conducted in a certain current financial market turmoil prevailing in money, and banks are part and parcel of the on Climate Change” by creating an environmentally management structure designed to protect the developed countries since August, 2007, and monetary and financial system of the country. announcing the finalists of sensitive workforce and iden- interests of its stakeholders which will mitigate resulting bank failures have raised several The failures of banks will adversely affect the the competition. Four teams tifying methods of reducing its business risks and ensure its sustainability monetary conditions and economic well-being of were selected for their inno- emissions and efficient use in the business. This management structure the public and cripple the monetary/financial vative thinking and were of resources. properly documented and adopted by an institu- system. Maintenance of monetary and financial awarded first, second and Out of many productive tion is the corporate governance. Therefore, cor- system stability to facilitate the economic stabil- third places by chief guest and innovative proposals, porate governance is about how the busines ity is the key responsibility of the Central Bank. Nick A Nicolaou, Chief Prof. Ajith de Alwis, former affairs of an institution are oragnised with a The public undertakes transactions (such as Executive Officer of HSBC Head of the Department of good risk management mechanism in a trans- deposits, investments and payments) through Sri Lanka and the Maldives Chemical and Process parent and accountable manner in the interest various types of money payment instruments at a special ceremony held at Engineering and a Senior of both the institution and its stakeholders. because of their confidence that such moneys the Bank premises in April Lecturer at the University of Corporate governance activists, practitioners serve as the legal tender, i.e., currency, or can be 2008. Moratuwa selected four of and researchers have developed certain corpo- converted into currency without delay. The The first place was the best teams. rate governance codes consisting of certain gov- maintenance of the public confidence in the awarded to the “Corporate The criteria for selecting ernance principles or certain principle-based legal tender is the responsibility of the Central Real Estate” team, whilst the best proposals were governance rules and, therefore, certain best Bank. Any contagion of failures of banks and teams “Operations based on practical guidelines practices in corporate governance are available large scale withdrawals of deposits will lead to Development and Design” – originality, ease of imple- in the literature. These best practices generally liquidity crisis in the financial system because and “Human Resources” mentation, carbon and relate to responsibilities, affairs and conduct of the amount of money held by the public by way were awarded second place. resource savings and need the board of directors, senior executive manage- of deposits with banks is significantly greater The “Card Centre” team was for team work. ment and board-appointed committees and dis- than the amount of currency in issue or curren- awarded third place The competition from its closure of financial position of the institution. cy held by banks. According to the estimate of amongst 45 teams actively inception in 2007 has already Accordingly, the management of an institution money in circulation in terms of broad money taking part in this year’s implemented some of the can adopt its own corporate governance code M2, the deposits held by the public with the competition. best ideas such as recycling designed following the best practices which will banking system consist of 87% whereas the cur- The competition was paper and toner cartridges, suit the nature of the business of the institution rency held by banks constitute only 3% of such open to all internal depart- rain water harvesting, min- and stakeholders. Furthermore, various regula- deposits. Therefore, maintenance of the public ments and branches within imising utility waste, creat- tory and supervisory authorities also have com- confidence is the key for the banking system sta- the bank and each entity was ing a paperless environment, menced prescribing certain corporate gover- bility. requested to make a presen- improving processors to nance codes for the institutions falling within issues relating to governance and risk manage- tation on initiatives that reduce turn around time, their purview because of the inadequacy of the ment of banks and financial institutions. The ! Fiduciary responsibilities of banks could be implemented to trading in used paper for institutions’ voluntary corporate governance failure of banks to comply with very basic rules Banks are the authorized agents of money to minimise the direct impacts notebooks with third party codes, given the significance of such institu- relating to credit and liquidity risk manage- facilitate the functions of money, i.e., a medium on climate change. suppliers and reducing the tions to the general public and the economy. ment, usage of complex structured finance prod- of exchange, a unit of accounts, a deferred pay- Each entry was scruti- use of plastic bags by dis- Corporate governance principles had its ori- ucts to transfer credit risk to investors who did ments system (borrowing and lending) and a liq- nised and evaluated against tributing cloth bags to staff. gins in the 19th century although the term not understand such risks or products, resorting uid store of wealth. The public conventionally “Corporate Governance” itself came into vogue to unsound/risky business models, lapses in treat banks as the safest places for keeping their in the latter part of the 1980s. The need to focus understanding and oversight of the boards of savings. This is the general public faith/confi- Eagle call centre upgraded on good corporate governance practices mainly directors on complex businesses and risk man- dence in banks which is the foundation of the Eagle upgraded its Call “We endeavour to continu- arose as a response to the separation of owner- agement models of banks and difficulty in valu- banking business. The majority of the public is Centre into a state-of-the-art ously innovate and improve ship and control following the formation of joint ing the complex finance products to reflect their not aware of financial analysis techniques to facility to provide greater our service standards and stock companies in the 19th century in Europe. market value (fair value accounting problem) assess the safety and soundness of banks and convenience and enhanced product offerings. We have The owners or shareholders of these joint stock are some of them. As a result, a new wave of direct financial gain/yield on deposits such as service to all its valued poli- upgraded this facility to companies, who were not involved in day-to-day reform to governance in banks is now in vogue interest rates is not the deciding factor for them cyholders.
Load more

Recommended publications
  • Alliance Française De Kotte
    19 JUNE - 15 JULY 2014 FRENCHSPRING FESTIVAL INSRI LANKA BOOKS CINEMA DANCE FRENCH CUISINE MUSIC PHOTOGRAPHY SCIENCE VISUAL ARTS A special issue of Bienvenue Magazine of the Alliance Française in Sri Lanka and the Maldives FRENCHSPRING FESTIVAL INSRI LANKA MESSAGE Hon. Minister T.B. EKANAYAKE Minister of Culture and the Arts Culture and the Arts are a strong medium for bringing together diverse cultures. Music, dance and drama have a common language, which binds people of different cultures. The underlying spirit of the field of Culture and the Arts is to promote understanding among people and, in turn, bring countries and communities closer to each other. France, like Sri Lanka, has numerous traditions in the Arts dating back to many centuries. France has imbibed modern trends into its rich tradition of Arts and has much to offer to the rest of the world. Many French artists who attended the best French Art Institutions are today world-renowned professionals. Their creations occupy a central place in the global arena. This cultural festival will provide local audiences the opportunity to discover a high quality contemporary artistic experience. Therefore, I warmly welcome and appreciate the presentation by the Embassy of France of the French Spring festival to Sri Lanka for the third time. The French Spring Festival, which will be held this year from 19th June to 15th July in Colombo, in Galle, in Matara, in Kandy, in Jaffna and even in Malé, will be open to all in Sri Lanka. In Sri Lanka like in many other countries, the French Spring Festival has become an annual event.
    [Show full text]
  • OF INNOCENCE Track
    MONDAY, JUNE 19, 2017 PAGE 25 At one of her film screenings With their children E mail : [email protected] At their wedding Some of her awards With Geetha Kumarasinghe in Akke Mata Awasara Books written by them both ONE CHANGE IN LIF ORTRAIT I would have liked to have more grandchildren. MOST MEMORABLE MOMENTS We wanted to travel to Denmark from Germany once. A friend dropped us at a railway station and told us to get off the train once it stops and get on the other train which will be on the next OF INNOCENCE track. We were carrying the huge reels of Tharanaya then. The train stopped in a very remote area. We got off but there were no other trains in sight. We tried asking for directions but could not find anyone speaking English. After a while we saw a German lady looking at us. We RUWINI JAYAWARDANA gave her a Ceylon Tea bag and spoke to her. She finally told us how to nnocence seems to be her hallmark and according to seasoned journalist Arthur get to the harbour. Once in the harbour we encountered a problem because we did not have visas. My friend had told us that will not U Amarasena, this is the first thought that hit him when he lay eyes on a photo- be an issue. We explained our purpose to the officers there and graph of her for the first time in the early 1960s. After tying the knot in 1964 since the authorities were not in sight they let us go.
    [Show full text]
  • The Fukuoka City Public Library Movie Hall Ciné-Là Film Program Schedule December 2015
    THE FUKUOKA CITY PUBLIC LIBRARY MOVIE HALL CINÉ-LÀ FILM PROGRAM SCHEDULE DECEMBER 2015 ----------------------------------------------------------------------------------------------------------------- ARCHIVE COLLECTION VOL.9 ACTION FILM ADVENTURE WITH YASUAKI KURATA December 2-6 No English subtitles ----------------------------------------------------------------------------------------------------------------- SRI LANKA FILMS CENTERED ON LESTER JAMES AND SUMITRA PERIES December 9-26 English subtitles ----------------------------------------------------------------------------------------------------------------- Our library and theater will be closed for the New Year Holidays from December 28-January 4 ENGLISH HOME PAGE INFORMATION THE FUKUOKA CITY PUBLIC LIBRARY http://www.cinela.com/english/ This schedule can be downloaded from: http://www.cinela.com/english/newsandevents.htm http://www.cinela.com/english/filmarc.htm ARCHIVE COLLECTION VOL.9 Action Film Adventure with Yasuaki Kurata A collection of films starring action film star Yasuaki Kurata. December 2-6 No English subtitles TATAKAE! DRAGON VOL.1 Director: Toru Toyama, Shozo Tamura Cast: Yasuaki Kurata, Bruce Liang, Makoto Akatsuka 1974 / Digital / Color / 80 min./ No English subtitles STORY: 4 episodes from the 1974 TV series pitting a karate expert as the protagonist who goes against an underworld syndicate. (Episodes 1-4) TATAKAE! DRAGON VOL.2 Director: Toru Toyama Cast: Yasuaki Kurata, Fusayo Fukawa, Noboru Mitani / Digital / Color / 80 min./ No English subtitles STORY: 4 episodes from the 1974 TV series pitting a karate expert as the protagonist who goes against an underworld syndicate. (Episodes 14, 15, 25, 26) FINAL FIGHT SAIGO NO ICHIGEKI Director: Shuji Goto Cast: Yasuaki Kurata, Yang Si, Simon Yam 1989 / 35mm/ Color / 96min./ No English subtitles STORY: A former Asian karate champion struggles as he makes a comeback. A big hit that was shown in 33 countries.
    [Show full text]
  • Silence in Sri Lankan Cinema from 1990 to 2010
    COPYRIGHT AND USE OF THIS THESIS This thesis must be used in accordance with the provisions of the Copyright Act 1968. Reproduction of material protected by copyright may be an infringement of copyright and copyright owners may be entitled to take legal action against persons who infringe their copyright. Section 51 (2) of the Copyright Act permits an authorized officer of a university library or archives to provide a copy (by communication or otherwise) of an unpublished thesis kept in the library or archives, to a person who satisfies the authorized officer that he or she requires the reproduction for the purposes of research or study. The Copyright Act grants the creator of a work a number of moral rights, specifically the right of attribution, the right against false attribution and the right of integrity. You may infringe the author’s moral rights if you: - fail to acknowledge the author of this thesis if you quote sections from the work - attribute this thesis to another author - subject this thesis to derogatory treatment which may prejudice the author’s reputation For further information contact the University’s Director of Copyright Services sydney.edu.au/copyright SILENCE IN SRI LANKAN CINEMA FROM 1990 TO 2010 S.L. Priyantha Fonseka FACULTY OF ARTS AND SOCIAL SCIENCES THE UNIVERSITY OF SYDNEY A thesis submitted in total fulfilment of requirements for the degree of Master of Philosophy at the University of Sydney 2014 DECLARATION I hereby declare that this submission is my own work and that, to the best of my knowledge and belief, it contains no material previously published or written by another person nor material previously published or written by another person nor material which to a substantial extent has been accepted for the award of any other degree or diploma of a university or other institute of higher learning, except where due acknowledgement has been made in the text.
    [Show full text]
  • LAND of TRIUMPH 21-23 Siri Daru Heladiva Purathane Ananda Samarakoon 13.01.1916-05.04.1962
    C ONTENTS Page 1. SRI LANKA - LAND OF TRIUMPH 21-23 Siri Daru Heladiva Purathane Ananda Samarakoon 13.01.1916-05.04.1962 2. A CHRISTMAS SONG 24 Seenu Handin Lowa Pibidenava Rev. Father Mercelene Jayakody 3. IN THIS WORLD 25 Ira Ilanda Payana Loke. Sri Chandraratnc Manawasinghe 19.06.1913-04.10.1964 4. LIFE IS A FLOWING RIVER 26 Galana Gangaki Jeevithe Sri Chandraratne Manawasinghe 5. HUSH BABY 27 Sudata Sude Walakulai Arisen Ahubudu 6. BEHOLD, SWEETHEART 28 Anna Sudo Ara Pata Wala Herbert M Senevirathne 24.04.1923-07.06.1987 7. A NIGHT SO MILD 29 Me Saumya Rathriya Herbert M Seneviratne 11 8. SPRING FLOWERS 30 Vasanthaye Mai Pokuru Mahagama Sekara 07.04.1924-14.01.1976 9. LONELY BLUE SKY 31 Palu Anduru Nil Ahasa Mamai Mahagama Sekara 10. THE JOURNEY IS NEVER ENDING 32 Gamana Nonimei Lokaye Mahagama Sekara 11. VILLAGE BLOSSOM 33 Hade Susuman Dalton Alwis 07.12.1926-01.08.1987 12. PEERING THROUGH THE WINDOW 34 Kaurudo Ara Kauluwen Dalton Alwis 13. BEAUTIFUL REAPERS 35 Daathata Walalu C.DeS.Kulathilake-14.12.1926-22.11.2005 14. JOY 36 Shantha Me Ra Yame W. D. Amaradeva 15. SERENADE OF THE HEART 37 Mindada Hee Sara Madawala S Rathnayake 05.12.1929-09.01.1997 12 16. I'M A FERRYMAN 38 Oruwaka Pawena Karunaratne Abeysekara 03.06.1930-20.04.1983 17. WORLD OF TRANSIENCE 39 Chanchala Anduru Lowe Karunaratne Abeysekara 18. THE GO BETWEEN 40 Enna Mandanale Karunarathne Abesekara 19. SINGLE GIRL 41 Awanhale. Karunaratne Abeysekara 20. INFINITY. 42 Anantha Vu Derana Sara Sugathapala Senerath Yapa 21.
    [Show full text]
  • University of the Visual and Performing Arts for the Year 2010
    UNIVERSITY OF THE VISUAL AND PERFORMING ARTS ANNUAL REPORT 2010 Annual Report 2010 University of the Visual & Performing Arts Page 1 TABLE OF CONTENTS Page No ADMINISTRATION REPORT FOR 2010 01 - 58 FINAL ACCOUNTS REPORT FOR 2010 01 - 39 AUDITOR GENERALS REPORT ON ACCOUNTS FOR THE YEAR 01 - 13 ENDING 3IST DECEMBER, 2010 REPLY TO AUDITOR GENERALS REPORT ON ACCOUNTS FOR THE 01 - 27 YEAR ENDING 3IST DECEMBER, 2010 Annual Report 2010 University of the Visual & Performing Arts Page 2 MESSAGE OF THE VICE CHANCELLOR Introduction I take this opportunity to make a note about the activities of the University of the Visual and Performing Arts during the year ending 31st December, 2010. I am quite pleased to have been able to achieve a substantial development of human and physical resources in this university during the year under review. Even though the necessity of a building complex severely affected the University, in the background of the then administrators failing to pay any attention in this regard, I recollect the manner in which necessary action was taken by me in this behalf whilst holding preliminary discussions with Mr,.Ariyaratne Kaluarachchi, the then Senior Lecturer, even though I did not hold any appointment at that time. It should be necessarily stressed here that the foundation for the “Albert Crescent Building Complex Development” was laid based on our personal requests made to Mr. S.B.Dissanayake, Minister of Youth Affairs, Sports, Rural Development and Samurdhi in the then United Front government, during discussions held with him and through his intervention. As the incumbent Vice Chancellor of this University, I was provided with the opportunity to expand its preliminary stage which started with 300 million rupees to be developed up to 870 million rupees later as the Faculty of Music building, administrative wing and the common student center, with the appointment of Mr.S.B.Dissanayake as minister in charge of my ministry itself.
    [Show full text]
  • Asia Digital Entertainment Signs with Legendary Directors Dr Lester
    12 Friday 13th January, 2012 Triad’s Chamila Ruwan Kumari bags top awards at the National Short Film Festival ment of a child who up until “Katawahapang adulthood, was not allowed to Siriyawathil’ wins Best speak up in her defense and as a Film, Best Direction and result took her life in an attempt Best Actress for 2011 to gain peace – a reality seen in most living in today’s social cul- ture. he Short Film Festival Speaking about her win, 2011 organized by the Chamila stated that ‘it is a sad TNational Film reality that we see youngsters, Corporation saw ‘Katawhapang especially females, going Siriyawathi’ a short film direct- through this torment day in and ed by Chamila Ruwan Kumari day out in today’s society.What I taking away the awards for Best attempted to portray through Film, Best Direction and Best this short story is the prevailing Actress – crowning it as the harsh truth. The recognition highest winning short film for Your favourite channel Swarnavahini presents ‘DUWARU’ (commencing Jan. 23rd & 28 at 8.30 p.m.) o break the orthodox form of tele-drama, Swarnavahini now brings a crew of unmatched Ttalents. Veteran Director Nalan Mendis & renowned actors, Malini Fonseka, Yashoda Wimaladharma, Irangani Serasinghe, Malini Weeramuni, Roshan Pilapitiya and many other multi- ple talented Chamila Runwa Kumari that the film has-received is the night. The win comes from proof that this realism was over 200 entries which were pre- received well even by the nar- actors with sented for the awards ceremony row minded living in the coun- veteran music director this year.
    [Show full text]
  • Presskitsanath 2
    Press Kit EKAMATH EKA RATEKA A faceless fantasy dipped in scheming life journeying across endless time in search of a silver screen to unfold the story of one woman and two men. Based on Emile Zola’s short story Pour une nuit d’amour (For A Night Of Love) tucked away somewhere, sometime with an undefined destiny. An extra-ordinary take ; of an ordinary life ! A film by Sanath Gunatilake Produced by Janaka Ramanayake 1 EKAMATH EKA RATEKA Synopsis : The film EKAMATH EKA RATEKA ( Once Upon a Time) is based on the story Pour une nuit d’amour written by the French novelist Emile Zola (1840-1904). The young ravishing girl from an elite family whose strong character and headstrong behaviour make her parents unhappy. They send her abroad to complete her studies hoping that it would change their daughter’s strange behaviour for the better. The young girl and the nanny’s son who becomes a lawyer later on with the help of the noble family, build a strong friendship from childhood. The parents are trying to find a suitable partner to their young daughter who has come back after completing her studies. The young girl and nanny’s son are falling in love. The nanny‘s encouragement and the blessings strengthen the young couple’s love. Meanwhile the young girl falls in love with the music played by a hideous looking middle aged man who lives in the neighborhood. Her passion for the music leads her to a magnificently melodramatic climax as this man imagines that this young girl loves him and his entire existence builds around the young girl’s love.
    [Show full text]
  • Eagle Insurance Annual Report 2007
    Annual Report 2007 Anchor of Trust Eagle Insurance PLC – Annual Report 2007 Our Vision To be a World-Class provider of Financial Solutions for Protection and Wealth Creation Our Mission We will be the most sought after Insurer and Fund Manager in Sri Lanka for security, return optimisation and excellence in service, achieving leadership in identified segments of the market Our Core Values Accepting risk with responsibility Being ethical Innovation Dedication to customers ® Designed & Produced by eMAGEWISE (Pvt) Ltd Encourage everyone to contribute and excel Photography by Taprobane Street Digital Plates by Imageline (Pvt) Ltd Printed by Printcare Corporate Information Name of the Company Eagle Insurance PLC Eagle profile Company Registration No - PQ 18 Legal Form Eagle Insurance took wing as a composite insurer • Public Company with limited liability. • Incorporated in Sri Lanka on 12th December 1986 under the within the Sri Lankan insurance landscape in the late Companies Act No. 17 of 1982. • Re-registered under the Companies Act No. 07 of 2007. 1980s. Over the years, the Company’s • A composite Insurance Company licensed by the Insurance Board of Sri Lanka. far-sightedness, good governance practices, ethics • The shares of the Company are listed on the Colombo Stock Exchange. Accounting Year and innovation have helped it to soar to new heights. 31st December Subsidiaries The dynamism and creativity of the Eagle family have Name of the Company Holding Principal Activity • Eagle NDB Fund Management been the engine of its evolution into a highly Company Limited 100% Fund Management • Rainbow Trust successful Company in the insurance and financial Management Limited 100% Trust Management and Administration services sector.
    [Show full text]
  • D E Sig Ng Ra Ph Iq Ue
    4€ Design graphique : Marion Tigréat / www.mariontigreatportfolio.com Lyannaj ! Une expression découverte ici à la faveur du mouvement populaire qui a agité La Guadeloupe, La Martinique… Et la « métropole » au début du printemps. Si le vocable Pwofitation a lui aussi connu un grand succès public, c’est au Lyannaj que nous dédions notre 9ème édition. Formidable langue créole qui nous offre ce mot en partage… Littéralement « lianer », c’est nouer, relier, vivre ensemble, et faire ensemble. Or depuis 2001, notre propos est justement de créer ce « Lyannaj » à Groix. Les insulaires et les amoureux des îles s’y retrouvent autour du cinéma, de la musique, et des débats. Lyannaj… à Sri Lanka. Notre île invitée en a bien besoin ! L'actuelle défaite militaire de la rebellion séparatiste tamoul met fin à près de 30 ans d'un conflit qui aura fait plus de 80 000 morts. Sans partis pris, autre que celui des populations civiles, nous avons invité des personnalités qui défendent la paix, la démocratie, et le « vivre ensemble », toutes confessions et ethnies confondues. En partenariat avec Amnesty International, nous vous proposons une vingtaine de films en provenance de l’île « aux mille sourires » et aux mille peines, en majorité inédits en France. Lyannaj toujours, mais cette fois contre la pwofitation. Nous vous invitons, par des films et des débats, à revenir sur le formidable séisme qui a secoué La Guadeloupe et la Martinique, avant de nous arrêter une nouvelle fois chez leur voisine Haïti. Nous la fêterons à travers des documentaires et des concerts afin d’amorcer notre futur partenariat avec la commune des Abricots et son maire Jean-Claude Fignolé.
    [Show full text]
  • 34Thsarasaviya Awards
    34TH SARASAVIYA AWARDS SALUTES TO THE LEGACY OF DR JAMES PERIES SACHITRA MAHENDRA hen the 45-year old journalist who had already made his career as a filmmaker entered WAsoka Hall in 1964, he sensed the limelight. He was a mere Lester James Peries with no credentials to Prime Minister Ranil Wickremesinghe hands over a special Prime Minister Ranil Wickremesinghe reminiscing the his name. Yet he could reach for many trophies with award to Dr Lester James Peries’ wife, Sumitra Peries. first Sarasaviya Awards Festival. much ease. The limelight was soon to be in his favour. The strange turn of fate brought another audience member who was only 20 years back then. 54 years Distinguished audience later, he graced the occasion as the country’s Prime Minister to recall how things unfolded back then a few metres away from the conventional VIP lecture pedestal. The 34th Cargills Sarasaviya Film Festival, held at the BMICH on August 3, was themed to pay tribute to Dr Lester James Peries. Dr Peries is known not only for his meteoric rise to the ecclesiastical echelons of local cinema but also for the illumed presence right through- out the Sarasaviya Film Festival chronology. BEST DIRECTOR AND SCRIPTWRITER OF 2016, SPECIAL JURY AWARD RECIPIENT, The country’s oldest film festival returned to the SHAMEERA RANGANA NAOTUNNA (MOTOR BICYCLE) Sarasvathi performance PRASANNA VITHANAGE (USAVIYA NIHANDAI DOCUMENTARY). stellar gallery following a brief spell of absence. The return was not easy as quite a few festivals have already joined the ring to steal the show. The Sarasaviya fest was nevertheless armed with superior weaponry.
    [Show full text]
  • 2016 | Volume - Iv Issn 2357-2884
    THE JUDICIAL SERVICE ASSOCIATION OF SRI LANKA JSA LAW JOURNAL 2016 | VOLUME - IV ISSN 2357-2884 PUBLISHED BY JUDICIAL SERVICE ASSOCIATION OF SRI LANKA i JSA LAW JOURNAL - VOL IV JSA LAW JOURNAL 2016 Volume iv Editorial Committee Asanga Bodaragama (Editor) Uddala Suwandurugoda (Assistant Editor) Rajindra Jayasuriya Jayaruwan Dissanayake Rakitha Abesinghe web: www.jsasl.org | mail: [email protected] ii THE JUDICIAL SERVICE ASSOCIATION OF SRI LANKA All rights Reserved. © JSA Law Journal 2016 volume IV Published by the Judicial Service Association of Sri Lanka ISSN 2357-2884 Disclaimer: Any views expressed in the JSA Law Journal are those of the individual author and are not to be attributed to the JSA Law Journal, the Editorial Committee, Unless expressly stated the views expressed are the author’s own and not of any institution the represents. Printers: Sanghinda Printers & Publishers No. 06, Wijerama Road, Gangodawila, Nubegoda. e-mail: [email protected] Tel: 011-2802679 / 4542725 Cover desingner MoLa Senevirathne Page Layout Amila Sandamali Kannangara iii JSA LAW JOURNAL - VOL IV JSA LAW JOURNAL 2016 CONTENTS Page Non-Consummation of Marriage; Ground for Nullity 1-6 A.K.M. Patabendige Medico Legal Management of Torture Victims and Role of the Judicial 7-11 Medical Officer Dr. Ajith Tennakoon Rights of the Transgenders; Protection under the Existing Law 12-22 Buddhika C. Ragala The Dock; To Have or Not to Have ? 23-42 Chanima Wijebandara Sacred Duty Of The Judge In A Partition Suit 43-53 Chinthaka Srinath Gunasekara Law Relating To Protection Of Elephants 54-64 Geethani Wijesinghe To Be Hanged By Neck Till Death 65-86 Girish Kathpalia Covering The Cover; Copyright Law And Covering In Sri Lankan Music 87-98 Dr.
    [Show full text]