DOCSLIB.ORG

Expolanka Holdings Plc Integrated Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Expolanka Holdings Plc Integrated Annual Report EXPOLANKA HOLDINGS PLC INTEGRATED ANNUAL REPORT 2020/21 EXPOLANKA HOLDINGS PLC | INTEGRATED REPORT 2020/21 2 fruitionEXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 At Expolanka, we remain fully committed to our promise made several years ago, to drive long term sustainable value, by adapting a focused, constant and consistent strategy. Even though the year under review post several challenges, we were able to pursue our said strategies and bring to fruition our plans for progress which was fueled by our innate resilience and strength. The seeds we planted have taken root and we keep our focus upward, expanding in our focused direction in order to adapt to the current environment. We remain fruitful in our optimism, our can-do attitude and endurance, a recipe for success that will carry us through to more opportunity. Overview EXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 2 CONTENTS Chairman’s Overview Compliance Reports 12 About Us 3 Corporate Governance 71 Message About this Report 4 Risk Management Report 93 Group Milestones 5 Related Party Transactions Financial Highlights 6 Review Committee Report 101 15 Group CEO’s Highlights of the Year 7 Remuneration Committee Report 103 Review Chairman’s Message 12 Group CEO’s Review 15 Financial Reports Board of Directors 18 Annual Report of the Board of Directors Group Senior Management Team 20 on the Affairs of the Company 108 23 Financial Indicators 22 The Statement of Directors’ Responsibility 112 Performance Group Performance 23 Audit Committee Report 113 Overcoming COVID-19 Challenges 24 Independent Auditors’ Report 116 Group Strategy 25 Statement of Financial Position 120 39 Capital Statement of Profit or Loss 121 Management Integrated Management Discussion Statement of Comprehensive Income 122 and Analysis Statement of Changes in Equity 123 Reports Sustainability Strategy 27 Statement of Cash Flows 124 Material Topics and Topic Boundaries 28 Notes to the Financial Statement 125 Stakeholder Engagement 33 60 Sector Stakeholder Value Creation 37 Supplementary Information Report Capital Management Reports 39 Group Real Estate Portfolio 187 Financial Capital 39 Five Year Summary 188 Manufactured Capital 40 Share Information 189 Corporate Intellectual Capital 41 Corporate Information 192 71 Human Capital 43 Notice of Meeting 194 Governance Natural Capital 49 Form of Proxy 195 Social and Relationship Capital 52 GRI Index 54 192 Corporate Operational Review Information Organisational Structure 57 Our Footprint 58 120 Statement Sector Report 60 Logistics Sector 60 of Financial Leisure Sector 65 Position Investment Sector 68 Overview EXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 3 ABOUT US Who We Are Expolanka Holdings PLC is headquartered in Sri Lanka with interests in global logistics, travel & leisure and investments. The Group’s reputation is built on a track record spanning over 40 years of excellence in serving its chosen markets. Moreover, Expolanka Companies are widely regarded as game changers known for their ability to seize potential opportunities for growth and innovation and thereby remain a cut above the rest. “Building a great business with a dare to do spirit” Our Values To always follow ethical business principles in transacting & managing business Caring for stakeholder’s interests Commitment to Excellence Innovation & Entrepreneurship Overview EXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 4 ABOUT THIS REPORT GRI 102-12, 102-46, 102-48 102- 49, prospective investors and all other key Directors Statement of Responsibility for this stakeholders. These Material matters are Report 102- 50, 102- 51, 102- 52, 102-53, described on page 28 of this report. We the Board of Directors of Expolanka 102- 54, 102-56 Holdings PLC acknowledge our responsibility In our 7th Integrated Annual Report, we Reporting Frameworks for confirming the integrity of the Group’s continue to advocate the principles of integrated Our Integrated Reporting process, as well as Integrated Report for the year 2020/21. reporting. We believe that this approach has the contents of this report, are guided primarily served us well in the past by providing the by the principles outlined by the International Reflecting on our operating context, strategy framework to report on the progress made Integrated Reporting Council (IIRC) Integrated and value creation model, we believe this by Expolanka Holdings PLC (Expo Group) in Reporting Framework <IR>. In the interest Integrated Report addresses all matters meeting the expectations of its stakeholders. of greater transparency, certain sections of that have, or could have, a material effect on the report also refer to the Global Reporting our ability to create value. We have applied This report is prepared for the benefit of Expo Initiative (GRI) Standards (“Core” option). our collective judgment in the preparation Group stakeholders and as such contains and presentation of information in this information relevant to the way we create The Corporate Governance section has been Integrated Report and are satisfied that the value for all key stakeholders, including prepared in accordance with the Code of Best aforementioned reporting principles have been our employees, clients, regulators and Practice on Corporate Governance issued applied properly. communities. jointly by the Institute of Chartered Accountants of Sri Lanka, the Securities and Exchange Feedback Commission of Sri Lanka and The Colombo Our most recent integrated report for the year For further information or feedback please ended 31st March 2020, as well as the reports Stock Exchange (CSE).The report further complies with Listing rules of the CSE. contact: for the past 10 years are available on our Mushtaq Ahamed website: www.expolanka.com. Assurance Director - Group Finance, Expolanka Holdings PLC We employ a combined assurance model to Address : 15A Clifford Avenue, Colombo 03. Scope and Boundary Email : [email protected] This report covers the period 01st April 2020 assess and assure various aspects of business to 31st March 2021, which coincides with our operations. financial reporting cycle. The report provides an overview of the primary activities of the Expo Internal / Independent Group including strategy, targets and objectives External as well as the key performance indicators for Sustainability the year. Entities that are not operationally X controlled by the Group are not included in the Reporting scope of this Integrated Annual Report. Corporate X Governance To reflect the importance assigned to Financial integrated thinking, the report extends beyond X X financial reporting and includes non-financial Reporting performance, opportunities, risks and outcomes attributable to or associated with our key Forward Looking Statements stakeholders, which have a significant influence This report contains certain on our ability to create value. forward-looking statements with respect to the financial condition and results of operations of There were no significant changes from Expolanka Holdings PLC, which by their nature, previous reporting periods in the scope involve risk and uncertainty because they and aspect boundaries, nor were there any relate to events and depend on circumstances restatements to the Annual Report issued in the that may or may not occur in the future. previous reporting year. Factors that could cause actual results to differ materially from those in the forward-looking Materiality statements include global and local economic The principle of Materiality has been applied conditions, competitive and regulatory factors etc. Consequently, the Expo Group does not to define the content to be presented in this Scan QR code integrated report. Accordingly, the report undertake to review and revise any of these captures the opportunities and challenges that forward-looking statements at a later date. have a Material impact on the Expo Group and its ability to be a sustainable business entity that consistently delivers value to shareholders, www.expolanka.com Overview EXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 5 GROUP MILESTONES 2017-19 Expolanka focused 2014-16 on consolidation and S G Holdings Global Pte. expansion Ltd. purchased a majority shareholding of Expolanka Holdings PLC 2013-17 Expolanka restructured its 2011 portfolio Listed on the main board of the Colombo Stock Exchange via an Initial Public Offering 1993 EFL began operations beyond borders by establishing its first overseas office 1982 Expolanka started operations in the freight sector through the incorporation of Expolanka Freight (Pvt) Ltd – Sri Lanka 1978 Expolanka established its business as an exporter of fresh produce through incorporation of Expolanka (Pvt) Ltd Overview EXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 6 FINANCIAL HIGHLIGHTS EBIT Revenue 95.88% - Logistics 98.73% - Logistics 5.59% - Investment 1.12% - Investment -1.47% - Leisure 0.15% - Leisure Revenue Gross Profit EBIT 218,735 Mn 38,431 Mn 16,952 Mn 112% 100% 2,205% PBT PAT 16,585 Mn 14,880 Mn 5,821% 3,498% Overview EXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 7 HIGHLIGHTS OF THE YEAR Relief Packages Arranged for Those in Need EFL Extends Footprint to Scandinavian Region – April 2020 – April 2020 At the start of the lockdown in Sri Lanka, EFL EFL setup its first operation in the Scandinavian arranged relief packages for society and the Region with the launch of its Denmark office in community at large with distributions in the April 2020. This expansion enables
Load more

Recommended publications
  • The Economics and Politics of China's Exchange Rate Adjustment
    ISA S Insight No. 88 – Date: 28 December 2009 469A Bukit Timah Road #07-01, Tower Block, Singapore 259770 Tel: 6516 6179 / 6516 4239 Fax: 6776 7505 / 6314 5447 Email: [email protected] Website: www.isas.nus.edu.sg The Economics and Politics of China’s Exchange Rate Adjustment M. Shahidul Islam1 Abstract China faces significant political pressure from industrialised economies to revalue its currency upward. Internally, China’s currency adjustment depends largely on the dynamics of its labour and financial markets. Millions of underutilised Chinese labourers, who are in the process of migration from the countryside to urban areas, give Beijing the upper hand in allowing a gradual revaluation of its currency. However, the growing cost of monetary sterilisation is the key hurdle in keeping its currency undervalued for long. Nevertheless, exchange rates are not always determined by economic forces alone – the breakdown of the Bretton Woods exchange rate system in 1971 and the signing of the Plaza Accord in 1985 are two examples. The available data shows that South Asia is generally not hurt, if not a gainer, by an undervalued Chinese currency. Introduction Vladimir Lenin, the leader of the erstwhile Soviet Union, is said to have declared that the best way to destroy the capitalist system was to debauch its currency.2 China abandoned the “communist way of development” long ago and it is indeed in Beijing’s interest to endure the capitalist system. Nevertheless, its exchange rate policy is literally annihilating the global capitalist system with the exception of its own. Beijing faces much pressure from almost all the industrialised economies to allow its currency to appreciate as they believe that the undervalued Chinese currency is eroding their export competitiveness.
    [Show full text]
  • List of Major Projects Completed in the Past Major Projects Completed in 2017
    List of Major projects completed in the past Major Projects Completed in 2017 Project Client 1 Western Provincial Council Sanken Constructions 2 Labour Department Thudawe Brothers 3 National Environmental Secretariat Building CECB 4 IOC petrol station lighting IOC 5 Unidil Packaging Factory Fentons 6 Angunukolapalessa Prison Venora 7 Hayleys Fabric new factory Hayleys Fabric 8 Swisstek Aluminium Factory Fentons LED street lighting from Ingurukade Junction 9 CMC to Armour street 10 Galle Face Hotel Richardson Projects 11 HSBC Branches LED lighting HSBC 12 Brandix Batticlioa DIMO PLC 13 Vakkaru Island Resort Development Project Venora 14 John Keels Automation office LED Lighting John Keels Automation LED street Lighting in Bandaranaike 15 AASL International Airport 16 Sirimavo College Indoor Gym Sri Lanka Army 17 Clearpoint Residencies MAGA 18 New Anthonies Farm New Anthonies 19 Hemas Consumer Brands factory lighting Hemas 20 Hayleys Agro Fertilizers Office Hayleys Agro Fertilizers 21 HNB Nugegogda Sripali Construction 22 BOC Nugegoda Sripali Construction 23 Sojitz Powerplant-Area lighting Sojitz (Pvt) Ltd 24 Vidyalankara Buddhist Conference Hall CECB 25 KIA Motors Workshop KIA Motors 26 NAITA Automobile Training Centre Thudawe Brothers 27 NAVESTA Pharmaceuticals Factory Navesta Pharmaceuticals 28 Hayleys Main Board Room Hayleys PLC Major Projects Completed in 2016 Project Client 1 Dialog Old Corporate Building Dialog Axiata- Fentons 2 Greater Colombo Project Pubudu Engineering Colombo Municipal Council - Street Lighting 3 Colombo Municipal
    [Show full text]
  • World Bank Document
    Document of The World Bank FOR OFFICIAL USE ONLY Public Disclosure Authorized Report No: 3 8 147 - LK PROJECT APPRAISAL DOCUMENT ON A Public Disclosure Authorized PROPOSED CREDIT IN THE AMOUNT OF SDR 21.7 MILLION (US$32 MILLION EQUIVALENT) TO THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA FOR A PUTTALAM HOUSING PROJECT Public Disclosure Authorized JANUARY 24,2007 Sustainable Development South Asia Region Public Disclosure Authorized This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENTS (Exchange Rate Effective December 13,2006) Currency Unit = Sri Lankan Rupee 108 Rupees (Rs.) = US$1 US$1.50609 = SDR 1 FISCAL YEAR January 1 - December 31 ABBREVIATIONS AND ACRONYMS ADB Asian Development Bank LTF Land Task Force AG Auditor General LTTE Liberation Tigers ofTamil Eelam CAS Country Assistance Strategy NCB National Competitive Bidding CEB Ceylon Electricity Board NGO Non Governmental Organization CFAA Country Financial Accountability Assessment NEIAP North East Irrigated Agriculture Project CQS Selection Cased on Consultants Qualifications NEHRP North East Housing Reconstruction Program CSIA Continuous Social Impact Assessment NPA National Procurement Agency CSP Camp Social Profile NPV Not Present Value CWSSP Community Water Supply and Sanitation NWPEA North Western Provincial Environmental Act Project DMC District Monitoring Committees NWPRD NorthWest Provincial Roads Department
    [Show full text]
  • Rupee Strengthening to Be Short Lived
    EQUITY | EXCHANGE RATE EVENT UPDATE |19 APR 2021 FLASHNOTE |09 MAY 2019 RUPEE STRENGTHENING TO BE SHORT LIVED BUY ON WEAKNESS [HAYL, HAYC, DIPD, MGT, TJL, EXPO] EVENT UPDATE Rupee appreciates with CDB loan: Sri Lankan Rupee appreciated FIRST CAPITAL RESEARCH 5.0% against the US Dollar over the last 2 market days reversing the Atchuthan Srirangan +94 11 263 9863 continuous accelerated depreciation witnessed in Jan-Apr 2021. On [email protected] 12th Apr LKR recorded a historical low of LKR 201:1 USD. Ministry of Finance (MoF) reported on 12th Apr that Govt of Sri Lanka entered LKR appreciates 5.0% into a loan agreement with the China Development Bank (CDB) for USD 500Mn and MoF expected the funds to be disbursed during the 203.0 same week. Following the announcement, the market registered a th steep appreciation with mid-rate today (19 ) recording at LKR 190.9. 200.0 Reserves fall to lowest since 2009: Sri Lanka’s Foreign reserves dropped to USD 4.1Bn in Mar 2021, the lowest since Aug 2009, on 197.0 the back of over USD 4.0Bn outstanding debt payment during Apr- Dec 2021 period. The total foreign debt repayment (capital and 194.0 interest) for 2021 was USD 6.0Bn. USD:LKR Rupee appreciation likely to be short-lived: Considering Sri Lanka’s 191.0 depleting foreign reserve position, high foreign currency debt repayment requirement and limited funding sources available in the 188.0 market is expected to further increase depreciation pressure for the currency during 2Q and 3Q. We maintain our exchange rate target for 1H2021 at LKR 196.0-202.0 with 2021 year-end target at LKR 185.0 205.0-215.0 as mentioned in our “Investment Strategy 2021 – Jan 2021”.
    [Show full text]
  • Annual Report 2012/2013
    THE PURSUIT OF EXCELLENCE One hundred years of passion, hard work and perseverance have brought to where we are today: a highly respected, fast growing blue chip conglomerate with interests in several key growth industry sectors: beverages, telecommunications, plantations, hotels, textiles, finance, insurance, power genaration, media and logistics. And yet, we will not rest. Our story is far from over. Indeed, it has only just begun. Look to us for even greater achievements as we step into the next century of our lifetime, to build further upon our current successes. DCSL. 100 years in the passionate pursuit of excellence. Distilleries Company of Sri Lanka PLC | Annual Report 2012/13 1 Financial Highlights 2013 2012 2013 2012 Group Group Company Company Summary of Results Gross Turnover Rs Mn 65,790 63,125 51,549 49,136 Excise Duty Rs Mn 37,024 36,150 34,088 33,860 Net Turnover Rs Mn 28,766 26,975 17,461 15,276 Profit After Tax Rs Mn 5,258 6,052 6,873 4,297 Shareholders Funds Rs Mn 47,978 41,576 39,155 32,597 Working Capital Rs Mn (1,298) (3,234) (6,139) (21,374) Total Assets Rs Mn 78,245 73,355 55,942 62,563 Staff Cost Rs Mn 3,194 3,155 1,039 1,080 No. of Employees 18,674 18,158 1,343 1,389 Per Share Basic Earnings* Rs. 17.13 18.45 10.68 11.85 Net Assets Rs. 159.93 138.59 130.52 108.66 Dividends Rs. 3.00 3.00 3.00 3.00 Market Price - High Rs.
    [Show full text]
  • Currency Codes COP Colombian Peso KWD Kuwaiti Dinar RON Romanian Leu
    Global Wire is an available payment method for the currencies listed below. This list is subject to change at any time. Currency Codes COP Colombian Peso KWD Kuwaiti Dinar RON Romanian Leu ALL Albanian Lek KMF Comoros Franc KGS Kyrgyzstan Som RUB Russian Ruble DZD Algerian Dinar CDF Congolese Franc LAK Laos Kip RWF Rwandan Franc AMD Armenian Dram CRC Costa Rican Colon LSL Lesotho Malati WST Samoan Tala AOA Angola Kwanza HRK Croatian Kuna LBP Lebanese Pound STD Sao Tomean Dobra AUD Australian Dollar CZK Czech Koruna LT L Lithuanian Litas SAR Saudi Riyal AWG Arubian Florin DKK Danish Krone MKD Macedonia Denar RSD Serbian Dinar AZN Azerbaijan Manat DJF Djibouti Franc MOP Macau Pataca SCR Seychelles Rupee BSD Bahamian Dollar DOP Dominican Peso MGA Madagascar Ariary SLL Sierra Leonean Leone BHD Bahraini Dinar XCD Eastern Caribbean Dollar MWK Malawi Kwacha SGD Singapore Dollar BDT Bangladesh Taka EGP Egyptian Pound MVR Maldives Rufi yaa SBD Solomon Islands Dollar BBD Barbados Dollar EUR EMU Euro MRO Mauritanian Olguiya ZAR South African Rand BYR Belarus Ruble ERN Eritrea Nakfa MUR Mauritius Rupee SRD Suriname Dollar BZD Belize Dollar ETB Ethiopia Birr MXN Mexican Peso SEK Swedish Krona BMD Bermudian Dollar FJD Fiji Dollar MDL Maldavian Lieu SZL Swaziland Lilangeni BTN Bhutan Ngultram GMD Gambian Dalasi MNT Mongolian Tugrik CHF Swiss Franc BOB Bolivian Boliviano GEL Georgian Lari MAD Moroccan Dirham LKR Sri Lankan Rupee BAM Bosnia & Herzagovina GHS Ghanian Cedi MZN Mozambique Metical TWD Taiwan New Dollar BWP Botswana Pula GTQ Guatemalan Quetzal
    [Show full text]
  • Lankaclear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 Lankaclear (Private) Limited 1 Lankaclear (Private) Limited Annual Report 2020/21 2
    LankaClear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 LankaClear (Private) Limited 1 LankaClear (Private) Limited Annual Report 2020/21 2 To revolutionize the transport sector in the country, we unveiled the 2in1 payment card technology to enable ‘Tap and Go’ payment capability in public transport. Ensuring a Quantum Leap in the Transport Sector, this is a pioneering effort to introduce an innovative technology of a single payment card with online and offline capabilities to provide convenience to commuters of public transport. You may get a glimpse of the Sri Lanka Transit Card experience by enabling NFC access in your Smart Phone and tapping the phone on the LankaPay card on the cover page of this year’s annual report. LankaClear has always been in the forefront of understanding consumer needs to make their lives and work seamless by providing real-time and secure transactions. In fact, we are well on our way to integrate THEďLATESTďȶNANCIALďSERVICEďINNOVATIONďTHATďWILLďPOSITIVELYď impact the lives of a majority of Sri Lankans via our 2 INďď0AYMENTď#ARDď7ITHďAďDYNAMICďSHIȺďINďCONSUMERď behaviour and how companies analyse the metrics of online engagement, our services have become indispensable. Our enviable track record shows that we have always strived to bring world-class technology, speed and convenience to a new breed of digital consumers to meet THEIRďDEMANDINGďEXPECTATIONSďINďACCESSINGďȶNANCIALď services. Similarly, we are making traditional brick mortar business a piece of history by bringing the future ever
    [Show full text]
  • Acuity Stockbrokers Research | Sri Lanka Equities
    ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 May 2020 ASPI Gains 361 Points amid Heavy Local Buying Indices vs. Turnover (18th May – 22nd May) Interest… S&P Downgrades Credit Rating to 'B- Stable' 5,000 ASPI 2,300 ASPI ^ 8.13% | S&P SL20 ^ 15.89% S&P SL20 4,900 2,200 S&P SL20 S&P 4,800 2,100 ASPI The Bourse ended the week… Cont. P2 4,700 2,000 4,600 1,900 Foreign investors closed the week... Cont. P3 4,500 1,800 18-Mar19-Mar20-Mar21-Mar22-Mar 2.50 Sri Lankan equities reversed ….… Cont. P4 2.00 1.50 1.00 LKR Bn) LKR (Turnover 0.50 Economic Snapshot………… P5 0.00 18-Mar 19-Mar 20-Mar 21-Mar 22-Mar KEY STATISTICS Week ending 22-May 15-May +/- ASPI 4,799.89 4,439.04 8.13% S&P SL20 2,034.38 1,755.51 15.89% Banks 507.01 435.44 16.44% Capital Goods 613.52 528.92 15.99% Food, Beverage & Tobacco 704.89 667.23 5.64% Consumer Durables & Apparel 649.76 583.51 11.35% Materials 514.33 483.50 6.38% Diversified Financials 711.04 654.33 8.67% Turnover (LKR Bn) 8.05 9.61 -16.24% Foreign Buying (LKR Mn) 593.11 1,588.91 -62.67% Foreign Selling (LKR Mn) 3,996.15 5,098.28 -21.62% Daily Average Turnover (LKR Bn) 1.61 1.92 -16.24% Daily Average Foreign Buying (LKR Mn) 118.62 317.78 -62.67% Daily Average Foreign Selling (LKR Mn) 799.23 1,019.66 -21.62% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change TEA SMALLHOLDER TSMLN 20.0 32.5 62.5% INDUSTRIAL ASPH.* ASPHNN 388.4 0.2 -99.9% BROWNS INVSTMNTS BIL N 2.1 3.2 52.4% BLUE DIAMONDS[NV] BLUEX 0.3 0.2
    [Show full text]
  • 5G Ecosystem the Digital Haven of Opportunities September 2019 5G Ecosystem | the Digital Haven of Opportunities
    5G Ecosystem The digital haven of opportunities September 2019 5G Ecosystem | The digital haven of opportunities ii 5G Ecosystem | The digital haven of opportunities Contents Foreword 03 Message from CII 04 5G commercial launch in India: Are we ready? 05 • National Digital Communications Policy (NDCP) lays the foundation for next generation 05 • Movement/transition of data traffic to 4G 06 • Regulatory endeavour for 5G spectrum allocation 06 • Progress made on policy front to prepare for a 5G future 08 • Efforts to have an indigenous 5G technology 09 • Mega cloud push will accelerate change in India’s infrastructure 09 Encircling the seamless – what is the 5G ecosystem? 10 • Handset manufacturers geared up for 5G 10 • Equipment manufacturers - Key for new business opportunities 12 • Infrastructure providers - Expanding the network footprint 13 • Mobile network operators - Supporting the 5G ecosystem 14 • Rise of application/software providers 22 Digital transformation across industry verticals – no one wants to be left behind 24 • Manufacturing 25 • Media and entertainment 26 • Automotive 27 • Government 28 Current 5G ecosystem in India 29 Conclusion 31 Glossary of terms 32 About Confederation of India Industry 33 Acknowledgements 34 Contacts 34 References 35 01 5G Ecosystem | The digital haven of opportunities 02 5G Ecosystem | The digital haven of opportunities Foreword 5G will be a game changer for India with the potential to create significant social and economic impact. As the 5G ecosystem develops in the country, telcos are expected to focus beyond connectivity towards collaboration across the telecom value chain and cross-sector, leading to the creation of new business models and innovation.
    [Show full text]
  • C H a P T E R - 2
    + + C h a p t e r - 2 LITUREATURE REVIEW 2.1 Introduction The literature appearing in this chapter is mostly a collection from articles, research papers of various scholars and textbooks. During the survey, a few researches relevant to the Sri Lankan context were gathered; others were mostly from web sites and international magazines, journals and forums. A wider collection of literature in resource based view, resource complementaries and competitiveness of IT was required for the study and it helped to explain the research problem and suggest solutions. A separate analysis was carried out for the banking industry in Sri Lanka, pointing out the different types of banking sectors namely, licensed commercial banks (LCB) and licensed specialized banks (LSB). 2.2 Information technology in banking sector James (2002) defined Information Technology as ‘Hardware, software, telecommunications, database management, and other information processing technologies used in computer-based information systems.’ Information Systems is defined as ‘Systems that use hardware, software, the internet, other telecommunications networks, computer-based data resource management techniques, and other information technology to transform data resources into an endless variety of information products for consumers and business users.’ In the banking industry, IT applications vary from IT devices, IT systems, IT driven communication technologies and to IT driven marketing technologies. The different usages of such IT applications are numerous; for example in banking sector IT is used as + 8 + + + IT devices, IT systems, IT based communication technologies and IT based marketing technologies. 2.2.1 IT devices IT device is a general term that refers to the physical artifacts of a technology.
    [Show full text]
  • Daily Change in Foreign Holding
    Daily Change in Foreign Holding Foreign Holding (No. of Shares) Foreign Net Turnover * Change in Total Volume Volume as a Company Name Code Foreign Holding Traded % of Total Rs. Volume 1-Feb-21 29-Jan-21 Foreign Purchases LANKA ORIX LEASING COMPANY PLC LOLC.N0000 2,313,835 2,286,635 27,200 2,699,110 1.0 13,702,000 EXPOLANKA HOLDINGS LIMITED EXPO.N0000 1,483,800,622 1,483,612,587 188,035 9,893,475 1.9 9,646,196 BROWNS INVESTMENTS LIMITED BIL.N0000 39,790,648 38,857,648 933,000 2,710,774,277 0.0 6,251,100 DIALOG AXIATA PLC DIAL.N0000 7,503,174,020 7,502,692,370 481,650 5,891,576 8.2 6,068,790 SWISSTEK (CEYLON) PLC PARQ.N0000 536,541 495,422 41,119 183,663 22.4 5,951,975 RICHARD PIERIS RICH.N0000 1,535,157,477 1,534,940,476 217,001 643,305 33.7 3,472,016 PIRAMAL GLASS CEYLON PLC GLAS.N0000 567,423,605 567,159,200 264,405 3,624,074 7.3 2,591,169 CHEVRON LUBRICANTS LANKA PLC LLUB.N0000 39,685,643 39,669,043 16,600 108,104 15.4 1,809,400 JOHN KEELLS PLC JKL.N0000 234,960 218,015 16,945 59,322 28.6 1,418,297 CIC HOLDINGS PLC (X) CIC.X0000 3,511,252 3,483,738 27,514 858,562 3.2 1,317,921 NET FOREIGN PURCHASE (TOP TEN) 52,228,863 FOREIGN PURCHASE (TOTAL) 149,626,332 Foreign Sales SAMPATH BANK PLC SAMP.N0000 49,752,499 50,713,780 (961,281) 2,948,613 32.6 (187,690,115) HATTON NATIONAL BANK PLC HNB.N0000 90,479,629 91,019,351 (539,722) 1,012,713 53.3 (81,363,092) ROYAL CERAMICS LANKA PLC RCL.N0000 1,825,896 1,946,188 (120,292) 826,955 14.5 (46,071,836) HATTON NATIONAL BANK PLC (X) HNB.X0000 25,447,044 25,629,644 (182,600) 625,195 29.2 (21,546,800)
    [Show full text]
  • Assessment of Auction Mechanism
    Additional Financing of Small and Medium-Sized Enterprises Line of Credit Project (RRP SRI 49273-002) ASSESSMENT OF AUCTION MECHANISM A. Introduction 1. The original project introduced an auction to allocate the funds among the participating banks. The auctions created a framework where banks made a disbursement commitment and incurred a financial penalty if that disbursement was not achieved. 2. The project conducted two auctions. In the first, National Development Bank (NDB) won the entire $12.5 million available. In the second, the funds were evenly divided among three institutions. 3. The project had planned to review the auction mechanism after the second auction, at which time Asian Development Bank (ADB) and the government would decide whether to continue with the auction or to introduce a more conventional allocation system. Following this review, the government requested the latter so that more banks could participate. 4. Although appreciating the government’s reasons for requesting the cancellation, the project team was overall pleased with the auction’s performance, and the objective of this appendix is to capture any lessons that could be applied to future auction systems. B. Lessons 1. Dominance by a Subset of Banks 5. The government was correct that the auction limited participation. After NDB won all the funds during the first auction, ADB and the government agreed to cap the amount any bank could win to a third of available funds. 6. Despite these changes, the bidding pattern of the first two auctions suggested that a subset of banks would dominate the auctions. Indeed, the same four banks finished in the top five of both rounds (Table 1).
    [Show full text]