Bank of Ceylon Annual Report 2012
Total Page:16
File Type:pdf, Size:1020Kb
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. -
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 -
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 -
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”. -
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 -
Environmental Screening Peport
Environmental Screening Report Construction of Pocket Parks at Beach Road, Russell Square & Rasaavinthoddam at Jaffna Project Management Unit Strategic Cities Development Project Ministry of Megapolis & Western Development July 2019 1 Table of Contents 1. Project Identification 03 2. Project Location 03 3. Project Justification 03 4. Project Description 09 5. Description of the Existing Environment 16 6. Public Consultation 18 7. Environmental Effects and Mitigation Measures 19 7a. Screening for Potential Environmental Impacts 19 7b. Environmental Management Plan 23 8. Cost of Mitigation 36 9. Conclusion and Screening Decision 37 10. EMP implementation responsibilities and costs 38 11. Screening Decision Recommendation 38 12. Details of Persons Responsible for the Environmental Screening 39 Annexes Annex 1: Project Location Map Annex 2: Physiographic Locations of Jaffna Peninsula Annex 3: Geology and Soil Map of the Project Area Annex 4: Map of wetlands in Jaffna Peninsula Annex 5: Geology and conditions of ground water in Jaffna Peninsula Annex 6: Design Layouts Annex 7: Summary of Procedures to obtain Mining License for Borrow Pit & Quarry Operation and Management Guidelines Annex 8: Waste Management General Guidelines Annex 9: Environmental Pollution Control Standards Annex 10: Factory Ordinance and ILO Guidelines Annex 11: Chance Find Procedures Annex 12: Terms of Reference for Recruitment of Safeguard Officer 2 Strategic Cities Development Project Environmental Screening Report 1. Project Identification Project Title Construction -
Sri Lanka Coach Tour
Sri Lanka Coach Tour ‘mingling with locals tour’ 8 days from $1799 per person Small groups size 10 or less – 3 star hotels Departures every Tuesday 25 July to 10 Sept, 10 Oct to 30 Nov 2018, 01 Feb to 31 March 2019 Upgrade to 4 star hotel for an extra $400 per person Single supplement $400 Call Destination International Holidays at 1300 813391. Trip Overview Unlike the regular Seat-In-Coach Tour – that covers interesting places of a particular destination – this is an experience which stitches nature, culture and the landscape of the island paradise together. Hence, ‘mingling with locals’ is a certain highlight of this tour which has been drawn up to offer you the ‘real taste’ through the Sri Lankan way of life. In fact, this will be a main reason why you will take home not just memories of picturesque places, but a bouquet of recollections that will ink delightful memories of the Wonder of Asia in times to come! Call Destination International Holidays at 1300 81339. Trip Highlights ➢ Wella In Negombo ➢ Sigiriya Rock Fortress – Optional ➢ Cycle ride through Villages in Giritale ➢ Polonnaruwa Medieval Capital - UNESCO World Heritage Site ➢ Visit the World’s largest open art gallery – Dambulla Cave Temple ➢ Spice Garden visit, where the world class spices produce in Matale ➢ Kandy Temple of The Tooth Relic - UNESCO World Heritage Site ➢ Royal Botanic Gardens ➢ Tea factory visit with tea plucking session ➢ Scenic Train journey through lush green mountains. ➢ Yoga session ➢ Walking tour in Galle Dutch fort - UNESCO world Heritage Site Tour Route Route Colombo – Negombo – Sigiriya – Giritale –Polonnaruwa – Dambulla – Kandy – Nuwara Eliya – Ella – Yala - Ahangama – Galle - Colombo Duration 07 Nights / 08 Days Season Year – Around Return economy airfares from ALL Australian Capital cities to Colombo • Accommodation on BB basis sharing double basis for 07nights from breakfast on day 02 to breakfast on day 08 at hotels. -
Tides of Violence: Mapping the Sri Lankan Conflict from 1983 to 2009 About the Public Interest Advocacy Centre
Tides of violence: mapping the Sri Lankan conflict from 1983 to 2009 About the Public Interest Advocacy Centre The Public Interest Advocacy Centre (PIAC) is an independent, non-profit legal centre based in Sydney. Established in 1982, PIAC tackles barriers to justice and fairness experienced by people who are vulnerable or facing disadvantage. We ensure basic rights are enjoyed across the community through legal assistance and strategic litigation, public policy development, communication and training. 2nd edition May 2019 Contact: Public Interest Advocacy Centre Level 5, 175 Liverpool St Sydney NSW 2000 Website: www.piac.asn.au Public Interest Advocacy Centre @PIACnews The Public Interest Advocacy Centre office is located on the land of the Gadigal of the Eora Nation. TIDES OF VIOLENCE: MAPPING THE SRI LANKAN CONFLICT FROM 1983 TO 2009 03 EXECUTIVE SUMMARY ....................................................................................................................... 09 Background to CMAP .............................................................................................................................................09 Report overview .......................................................................................................................................................09 Key violation patterns in each time period ......................................................................................................09 24 July 1983 – 28 July 1987 .................................................................................................................................10 -
Hydraulic Research Laboratory - Irrigation Department Lot 34, Jawatta Road, Colombo 05, Srilanka
Hydraulic Research Laboratory - Irrigation Department Lot 34, Jawatta Road, Colombo 05, Srilanka Emergence of Hydraulics Research Laboratory The hydraulic laboratory was officially opened by His Excellency Governor Sir Andrew Caldecott on May 21,1938 Hydraulic Research Laboratory consist of Hydraulics Scalar model laboratory Instrument Section Workshop Photography Section Functions of Hydraulics Research Laboratory 1. Construction of hydraulic scalar models including installation of measuring apparatus and scientific equipment and carrying out model tests, tabulating test results , preparing diagrams and reporting. 2. Seepage studies in canal distribution systems. 3. Monitoring sea-outfall behavior. 4. Collection of sediment transport data from canals, streams and rivers. 5. Calibration of sluices/outlets and providing rating curves. 6. Fabrication, installation and calibration of measuring devices for flow measurement. About the Hydraulic Research Model Laboratory - The Hydraulic research Laboratory has been in continuous operation since it was established in 1938 by Irrigation Department. The Laboratory was moved to its present location at No.34, Jawatta Road, Colombo 5 in 1940. - The infrastructure available includes - Concrete flume for sectional model (25m x1.5m x1.5m), - Tiltable glass flume (12 m test length) with separate water circulation system - 2 buildings for the flumes - Constant overhead tank (8.5 m above ground) with incorporated pump house (4 electric pumps and 1 diesel pump (Stand –by installation) - a sub-surface tank. - Electrical Sub Station (250 kVA) and Electrical installation for test facilities. - Instrumentation - - All the instruments required to carry out model studies are available with the laboratory. These include Discharge measuring weirs, point gauges, bridges, current meters, manometers etc. The workshop and instrument division which is under the Hydraulics Laboratory provides repair facilities for all these instruments. -
International Conference on Land Transportation, Locomotive Heritage and Road Culture
The International Conference on Land Transportation, Locomotive Heritage and Road Culture Abstract Volume Centre for Heritage Studies University of Kelaniya Sri Lanka 2017 The International Conference on Land Transportation, Locomotive Heritage and Road Culture Abstract Volume 14th – 15th December 2017 Centre for Heritage Studies University of Kelaniya Sri Lanka Editorial Advisors Prof. D.M. Semasinghe Prof. Patrick Ratnayake Vice Chancellor, Dean, Faculty of Humanities, University of Kelaniya University of Kelaniya Prof. Lakshman Senevirathne Prof. N.P. Sunil Chandra Deputy Vice Chancellor, Chairman, Research Council, University of Kelaniya University of Kelaniya Prof. A.H.M.H. Abayarathna Dean, Faculty of Social Sciences, University of Kelaniya Editorial Consultants Prof. Malinga Amarasinghe Dr. J.M. Sudharmawathie Department of Archaeology, Head, Department of History, University of Kelaniya University of Kelaniya Prof. Mapa Thilakarathna Dr. Kaushalya Perera Department of Mass Communication, Head, University of Kelaniya Department of English Language Teaching, University of Kelaniya Ms. Nadheera Hewawasan Deputy Director, Centre for Heritage Studies, University of Kelaniya Editor – in – Chief Prof. Anura Manatunga Director, Centre for Heritage Studies, University of Kelaniya Editors Mr. Thilina Wickramaarachchi Dr. Waruni Tennakoon Department of English Language Teaching, Head, Department of English, University of Kelaniya Buddhist and Pali University of Sri Lanka Ms. Arundathie Abeysinghe Sri Lankan Airlines Editorial Coordinator Ms. Piyumi Embuldeniya Research Assistant, Centre for Heritage Studies, University of Kelaniya Board of Editors Ms. Apeksha Embuldeniya Ms. B.A.I.R. Weerasinghe Assistant Lecturer, Assistant Lecturer, Department of Social Statistics, Department of English Language Teaching, University of Kelaniya University of Kelaniya Ms. Kanchana Dehigama Ms. P.D.S.N. Dissanayake Senior Assistant Librarian, Assistant Lecturer, University of Peradeiya Department of English Language Teaching, University of Kelaniya Ms. -
E-News May 2011
RCU eNEWS Volume 4, Issue 3 - 2010/2011 May 2011 In this Edition RCU celebrates 120th Anniversary 4 162nd Prize Giving of Royal College 5 Royalist Appointed as Air Force Commander 7 Air Mashal Abeywickrama felicitated 8 RC and RCU build bridge of friendship to Jaffna 11 Spoken English and Skills development programme for hostellers 12 School bus to Royal from Piliyandala 13 Royal College honours Late Mahesa Rodrigo 14 Royal Raffle – Top 10 winning numbers 16 Think Green - Bio Gas Plant and Rain Water Harvesting System 17 Royal College Doctors at Service – Annual Teachers Screening Programme 18 Reunion of the Group of 1948 19 Bradby Express 2011 20 Upcoming Events 21 College Sports and Other Activities 22 RCU Contact Details 26 Royal College Contact Details 27 You can submit news items of your group activities, upcoming events, stories (and even reminiscences!), photographs, notices and comments to the RCU e-News by email to [email protected] A Publication of the RCU Publications and Public Relations Advisory Committee Page 1 A Publication of the RCU Publications and Public Relations Advisory Committee Page 2 Main Activities A Publication of the RCU Publications and Public Relations Advisory Committee Page 3 Royal College Union celebrates its 120th Anniversary The Royal College Union celebrated its 120th anniversary on January 17th 2011, with a multi-religious ceremony, invoking blessings on the students of Royal College, its Union members and society at large. The ceremony witnessed the participation of the current Union members, past Secretaries, students and staff members of Royal College and invitees, with the four main religion’s representatives, the most Venerable Dharanagama Kusaladhamma Thero, Swami K Sivagurunathan, Father Chrishantha Mendis and Ash-Sheik M Akram Noor Amith being of one voice for selfless service, espousing the values and noble truths common to all faiths. -
Administration Report of the Department for the General Manager
Department of Sri Lanka Railway Vision “To be the most efficient transport provider of Southern Asia” Mission “ Provisions of a safe, reliable and punctual rail transport service for both passenger and freight traffic economically and efficiently. ” Contents Chapter Pages 1. General Review 01-03 2. Financial Statistics 04-07 3. Transportation 08-15 4. Human Resource Management & Administration 16-22 5. Commercial Activities 23-30 6. Sales and Marketing 31-34 7. Mechanical Engineering 35-43 8. Motive Power Engineering 44-45 9. Way & Works Engineering 46-48 10. Signalling & Telecommunication 49-52 11. Railway Stores 53 12. Traffic Costing & Statistics 54 13. Railway Protection Service 55-58 14. Sri Lanka German Railway Technical Training Centre 59-63 15. Planning Unit 64 16. General 65 Profile Sri Lanka Railways which was formerly called Ceylon Government Railway was established in 1864 by Railway Ordinance with the motive of providing transport facilities to passengers and freight. "Provision of a safe reliable and punctual rail transport service for both passenger and freight traffic economically and efficiently" is the mission statement of the railway department. It has operated as a Government Department from its inception to date except for a brief period from 23 July 2003 to 20 November 2004, during that period it was managed as Sri Lanka Railway Authority. Today ( End of Year 2017 ), it operates on a network of about 1,460.91 kms. The Railway network radiates from Colombo the capital throughout the Island on ten lines. Line wise Track Length in 2017 No. Line Name Length ( km ) 1. Main Line 290.49 km 2.