DOCSLIB.ORG

ANNUAL REPORT 2020 REPORT ANNUAL ANNUAL REPORT Ministry Offinance 2020 Sri Lanka

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ANNUAL REPORT 2020 REPORT ANNUAL ANNUAL REPORT Ministry Offinance 2020 Sri Lanka Ministry of Finance, Sri Lanka ANNUAL REPORT 2020 Ministry of Finance ANNUAL REPORT 2020 Sri Lanka ISBN 978–624–5674–01–5 Softwave Printing and Packaging (Pvt) Ltd ANNUAL REPORT 2020 MINISTRY OF FINANCE SRI LANKA THIS FINAL BUDGET POSITION REPORT, ANNUAL REPORT 2020, IS PUBLISHED IN TERMS OF SECTION 13 OF THE FISCAL MANAGEMENT (RESPONSIBILITY) ACT, NO. 3 of 2003 ISBN 978–624–5674–01–5 Printed at Softwave Printing and Packaging (Pvt) Ltd, 107 D, Havelock Road, Colombo 05 and published by the Ministry of Finance, The Secretariat, Lotus Road, Colombo 01, Sri Lanka. MINISTRY OF FINANCE (AS AT DECEMBER 31ST 2020) Hon. Mahinda Rajapaksa, M.P. Minister of Finance Hon. Ajith Nivard Cabraal, M.P. State Minister of Money and Capital Market and State Enterprise Reforms Hon. Shehan Semasinghe, M.P. State Minister of Samurdhi, Household Economy, Micro Finance, Self-Employment and Business Development PRINCIPAL OFFICIALS S.R. Attygalle Secretary, Ministry of Finance Secretary to the Treasury R.M.P. Rathnayake Deputy Secretary to the Treasury M.S.S. Saman Fernando Deputy Secretary to the Treasury H.G. Sumanasinghe Additional Secretary Ministry of Finance H.H. Kasthuriarachchi Director General Ministry of Finance Ms. D.H.S. Pullaperuma Additional Director General Ministry of Finance R.M.A. Rathnayake Secretary, State Ministry of Money and Capital Market and State Enterprise Reforms Mr. H.K.D.W.N.B. Hapuhinna Secretary, State Ministry of Samurdhi, Household Economy, Micro Finance, Self Employment and Business Development HEADS OF TREASURY DEPARTMENTS (AS AT DECEMBER 31ST 2020) Department of National Budget Department of Trade and Investment Policy S.D.J. Nilukshan K.A. Vimalenthirarajah Director General Director General G.M.J.K. Gunawardana M.K.P. Kumara Additional Director General Additional Director General Ms. M. Anoma Nandani Comptroller General’s Office Additional Director General Ms. K.A. Ramya Kanthi Comptroller General Ms. Biyanka Gamage Additional Director General Department of Development Finance Ms. Geetha Wimalaweera Department of Public Enterprises Director General P.A.S. Athula Kumara Director General K.A.S.S.K. Perera Additional Director General J.M. Saman Jayasinghe Additional Director General Department of Public Finance Ms. J.C. Weligamage H.M. Saliya Dharmawardhana Director General Additional Director General S.U. Chandrakumaran Ms. D.C.W. Hapugoda Additional Director General Additional Director General E.A. Rathnaseela Department of Management Services Additional Director General Ms. S. Hiransa D. Kaluthanthri Director General Department of Treasury Operations K.G.P. Pushpakumara H.C.D.L. Silva Additional Director General Director General R.M.D.K.G.N.B. Ranathunga Department of Fiscal Policy Additional Director General Dr. M.K.C. Senanayake Director General Ms. Niluka Madampe Additional Director General HEADS OF TREASURY DEPARTMENTS (AS AT DECEMBER 31ST 2020) Department of Information Technology Department of National Planning Management R.H.W.A. Kumarasiri A.V. Janadara Director General Director General K.D.S.R. Perera S. Giridaran Additional Director General Additional Director General Ms. C.S. Perera Department of Legal Affairs Additional Director General Director General Ms. J.S.S. Rupasinghe Department of External Resources Additional Director General Ajith Abeysekara Director General Ms. Malar Gangatharan Additional Director General M. M. Noufal Additional Director General Ms. J.M.S.D. Rathnayake Additional Director General Department of Project Management and Monitoring Department of State Accounts Ms. P.K.A.D. De Silva W.A.S. Upananda Director General Director General N.S.M.P. Ranjith T.N. Ossen Additional Director General Additional Director General M.H.M. Zameel A.P. Kurumbalapitiya Additional Director General Additional Director General Ms. K.D.A. Munasinghe Additional Director General Department of Management Audit Ms. S.A. Chandrika Kulathilake Director General A.N. Hapugala Additional Director General Government Auditor S.M.D.S.S. Rohitha Deputy Auditor General HEADS OF DEPARTMENTS UNDER THE PURVIEW OF THE MINISTRY OF FINANCE (AS AT DECEMBER 31ST 2020) Department of Inland Revenue H.M.W.C. Bandara Commissioner General of Inland Revenue Department of Customs Major General (Retd) G.V. Ravipriya Director General of Customs Department of Excise M.J. Gunasiri Commissioner General of Excise Department of Valuation Ms. P.D.D.S. Muthukumarana Chief Valuer Department of Census and Statistics P.M.P.A. Kumara Director General Department of Imports and Exports Control Ms. T.V.D.D.S. Karunarathne Imports and Exports Control General Department of Registrar of Companies D.N.R. Siriwardhana Registrar General of Companies HEADS OF STATE BANKS / STATUTORY BOARDS and OTHER INSTITUTIONS UNDER THE PURVIEW OF THE MINISTRY OF FINANCE (AS AT DECEMBER 31ST 2020) Central Bank of Sri Lanka National Lotteries Board Prof. W.D. Lakshman Lalith Piyum Perera Governor Chairman People’s Bank Development Lotteries Board Sujeewa Rajapakse Amitha Gamage Chairman Chairman Bank of Ceylon Sri Lanka Accounting and Auditing Kanchana Ratwatte Standards Monitoring Board Chairman Ms. K.M.A.N. Daulagala Chairman Sri Lanka Savings Bank Ms. Keshila Jayawardhana Public Service Mutual Provident Association Chairman R.A.T.A. Ranaweera Chairman National Savings Bank Ms. Keshila Jayawardhana Lady Lochore Loan Fund Chairman A.T. Kurumbalapitiya Chairman State Mortgage & Investment Bank Dr. Udaya Sri Kariyawasam National Insurance Trust Fund Chairman M.M.M. Maujood Chairman Regional Development Bank Mahinda Saliya Tax Appeals Commission Chairman Justice Hector Yapa Chairman Housing Development Finance Corporation Bank Sri Lanka Insurance Regulatory Commission Ms. R.M.R.W. Manchanayake Razik Zarook Chairman Chairman Credit Information Bureau of Sri Lanka Public Utilities Commission of Sri Lanka Ms. T.M.J.Y.P. Fernando Janaka Rathnayake Chairman Chairman Litro Gas Lanka Ltd Sri Lanka Export Credit Insurance Anil Koswatta Corporation Chairman A.H.W. Abawatta Chairman HEADS OF STATE BANKS / STATUTORY BOARDS and OTHER INSTITUTIONS UNDER THE PURVIEW OF THE MINISTRY OF FINANCE (AS AT DECEMBER 31ST 2020) Security and Exchange Commission of Sri Lanka Viraj Dayarathne Chairman Sri Lanka Insurance Corporation Ltd Jagath Wellawatta Chairman CONTENTS Part 1: Macro – Fiscal Perspectives CHAPTER 1 : Developments in Fiscal Policy, Strategy and Challenges 03 1.1 Overview 04 1.2 Way forward with Budget 2021 06 1.3 Reforms in the State Owned Enterprises (SOEs) 08 1.4 Investment prospects 09 1.5 COVID-19 response 09 1.6 Medium Term Strategy and outlook 2021–25 12 CHAPTER 2 : Economic Developments in 2020 25 2.1 Overview 26 2.2 Sri Lankan economy 27 2.3 External sector 38 2.4 Monetary sector developments 44 2.5 Inflation 46 2.6 Employment and unemployment 46 2.7 Equity market developments 47 CHAPTER 3 : Global Economic Developments 49 3.1 Overview 50 3.2 World output 52 3.3 Inflation 53 3.4 Interest rates 54 3.5 Unemployment 55 3.6 Fiscal position 55 3.7 Capital flows and financial behaviour 57 3.8 Currency movements 58 3.9 World trade 58 3.10 World commodity market 59 3.11 Look forward within the Sri Lankan context 61 PART II : Final Budget Position CHAPTER 4 : Government Revenue 65 4.1 Overview 66 4.2 Revenue policy measures – 2020 67 4.3 Government revenue performance 70 CONTENTS CHAPTER 5 : Government Expenditure 91 5.1 Overview 92 5.2 Appropriation Act for 2020 92 5.3 Supplementary estimates 93 5.4 Revised Budget for 2020 94 5.5 Advance Account Activities 94 5.6 Public Expenditure Management 94 5.7 Composition of government expenditure 100 5.8 Sectoral classification of government expenditure 101 CHAPTER 6 : Cash Flow Management, Deficit Financing and Debt 113 6.1 Overview 114 6.2 Government Treasury cash flow operations – 2020 114 6.3 Government Borrowing Programme– 2020 115 6.4 Financing of the Budget 115 6.5 Central government debt 127 6.6 Debt service payments 131 PART III : Functional Performance and Reforms CHAPTER 7 : Development Finance 135 7.1 Overview 136 7.2 Financial assistance for MSMEs 137 7.3 Supports to enhance the productivity of the Agriculture sector 141 7.4 Social security for targeted segments of the society 145 7.5 Foods security 146 7.6 Cost of Living 148 CHAPTER 8 : Performance of State Owned Enterprises 153 8.1 Overview 154 8.2 Energy 157 8.3 State Banks 161 8.4 Water 166 8.5 Ports 168 8.6 Insurance 169 8.7 Commuter transportation 170 8.8 Aviation 171 CONTENTS 8.9 Construction 173 8.10 Lotteries 175 8.11 Livestock and dairy 176 8.12 Marketing and distribution 178 8.13 Plantation 179 8.14 Health 181 CHAPTER 9 : Public Finance Management 189 9.1 Overview 190 9.2 Changes in Public Finance Management Processes in the current environment 190 9.3 Statutory Funds, Trust Funds and Departmental Fund Management 191 9.4 Parliamentary control over public finance 192 CHAPTER 10 : Human Resource Management 197 10.1 Human Resource Management in the public sector 198 10.2 Cadre Management in 2020 198 10.3 Distribution of public service cadre by service level- 2020 199 10.4 Cadre of the Government Development projects 199 10.5 Health service 201 PART IV : Financial Statements 203 BOX Articles Box 1.1 Key policy responses to COVID-19 10 Box 1.2 Major Fiscal Measures: January – May 2021 14 Box 4.1 Major Fiscal Measures: January – December 2020 79 Box 5.1 Digitalizing the Government amidst COVID-19 Outbreak 111 Box 7.1 Special Measures for Re-energizing COVID 19 Affected MSMEs 136 Box 7.2 Reforms in Agriculture Sector: Economic Revival and Poverty Alleviation 149 Box 9.1 Improving Governance through Internal Auditing 193 Box 9.2 A Snapshot of the management of selected Non- Financial Assets of the Government 195 Box 10.1 Establishment of Multi Purpose Development Task Force 200 TABLES 1.
Load more

Recommended publications
  • Minutes of Parliament Present
    (Ninth Parliament - First Session) No. 62.] MINUTES OF PARLIAMENT Thursday, March 25, 2021 at 10.00 a.m. PRESENT : Hon. Mahinda Yapa Abeywardana, Speaker Hon. Angajan Ramanathan, Deputy Chairperson of Committees Hon. Mahinda Amaraweera, Minister of Environment Hon. Dullas Alahapperuma, Minister of Power Hon. Mahindananda Aluthgamage, Minister of Agriculture Hon. Udaya Gammanpila, Minister of Energy Hon. Dinesh Gunawardena, Minister of Foreign and Leader of the House of Parliament Hon. (Dr.) Bandula Gunawardana, Minister of Trade Hon. Janaka Bandara Thennakoon, Minister of Public Services, Provincial Councils & Local Government Hon. Nimal Siripala de Silva, Minister of Labour Hon. Vasudeva Nanayakkara, Minister of Water Supply Hon. (Dr.) Ramesh Pathirana, Minister of Plantation Hon. Johnston Fernando, Minister of Highways and Chief Government Whip Hon. Prasanna Ranatunga, Minister of Tourism Hon. C. B. Rathnayake, Minister of Wildlife & Forest Conservation Hon. Chamal Rajapaksa, Minister of Irrigation and State Minister of National Security & Disaster Management and State Minister of Home Affairs Hon. Gamini Lokuge, Minister of Transport Hon. Wimal Weerawansa, Minister of Industries Hon. (Dr.) Sarath Weerasekera, Minister of Public Security Hon. M .U. M. Ali Sabry, Minister of Justice Hon. (Dr.) (Mrs.) Seetha Arambepola, State Minister of Skills Development, Vocational Education, Research and Innovation Hon. Lasantha Alagiyawanna, State Minister of Co-operative Services, Marketing Development and Consumer Protection ( 2 ) M. No. 62 Hon. Ajith Nivard Cabraal, State Minister of Money & Capital Market and State Enterprise Reforms Hon. (Dr.) Nalaka Godahewa, State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness Hon. D. V. Chanaka, State Minister of Aviation and Export Zones Development Hon. Sisira Jayakody, State Minister of Indigenous Medicine Promotion, Rural and Ayurvedic Hospitals Development and Community Health Hon.
    [Show full text]
  • Minutes of Parliament for 11.09.2020
    (Ninth Parliament - First Session) No. 8.] MINUTES OF PARLIAMENT Friday, September 11, 2020 at 10.30 a.m. PRESENT : Hon. Mahinda Yapa Abeywardana, Speaker Hon. Ranjith Siyambalapitiya, Deputy Speaker and the Chair of Committees Hon. Angajan Ramanathan, Deputy Chairperson of Committees Hon. Mahinda Rajapaksa, Prime Minister and Minister of Finance, Minister of Buddhasasana, Religious & Cultural Affairs and Minister of Urban Development & Housing Hon. Mahinda Amaraweera, Minister of Environment Hon. Udaya Gammanpila, Minister of Energy Hon. Dinesh Gunawardena, Minister of Foreign and Leader of the House of Parliament Hon. (Dr.) Bandula Gunawardana, Minister of Trade Hon. S. M. Chandrasena, Minister of Lands Hon. Janaka Bandara Thennakoon, Minister of Public Services, Provincial Councils & Local Government Hon. Nimal Siripala de Silva, Minister of Labour Hon. Douglas Devananda, Minister of Fisheries Hon. (Dr.) Ramesh Pathirana, Minister of Plantation Hon. Johnston Fernando, Minister of Highways and Chief Government Whip Hon. Prasanna Ranatunga, Minister of Tourism Hon. C. B. Rathnayake, Minister of Wildlife & Forest Conservation Hon. Chamal Rajapaksa, Minister of Irrigation and State Minister of Internal Security, Home Affairs and Disaster Management Hon. (Mrs.) Pavithradevi Wanniarachchi, Minister of Health Hon. M .U. M. Ali Sabry, Minister of Justice Hon. (Dr.) (Mrs.) Seetha Arambepola, State Minister of Skills Development, Vocational Education, Research and Innovation Hon. Lasantha Alagiyawanna, State Minister of Co-operative Services, Marketing Development and Consumer Protection ( 2 ) M. No. 8 Hon. Ajith Nivard Cabraal, State Minister of Money & Capital Market and State Enterprise Reforms Hon. (Dr.) Nalaka Godahewa, State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness Hon. D. V. Chanaka, State Minister of Aviation and Export Zones Development Hon.
    [Show full text]
  • (CITY)- HDA.Qxd
    The Island Home News Page Three Tuesday 5th Janunary, 2010 3 Polgampola was Govt. to assist exporters if GSP Plus is lost Hot air over imported Kekulu rice sacked for wrong Rs. 200 mn export/import by Ifham Nizam Trade, Co-operatives and Consumer doing – JVP Affairs Minister Bandula Gunawardena yesterday refuted newspaper reports - not the Upali Group that imported by Don Asoka Kekulu rice was not suitable for human Wijewardena bank to be established consumption and there was shortage in rice till the end of March. “There are no shortages, however we The JVP, in a statement by Devan Daniel and import expenditures never imported Kekulu rice - other than one occasion from issued yesterday, said that are expected to recover A Rs. 200 million this year. Myanmar how can former MP Anurudha they say it was Polgampola, who pledged Export/Import bank to GSP Plus.... contaminated,” his support for President Polgampola help exporters and Meanwhile, Cabraal Gunawardena told importers is to be estab- reiterated the Central a press conference Mahinda Rajapaksa at the forthcoming yesterday at his Presidential election, had been sacked lished this year with Bank’s view that Sri Ministry in from the party owing to some allega- financial backing and Lanka is prepared to meet Colombo. tions. control of the bank com- any risks of a possible However, he ing from the banking sec- withdrawal of GSP Plus said since his min- It said on August 29 in 2008 istry believes in Polgampola had been arrested by the tor with the assistance of trading facilities for ducing the Central Bank’s international trade,” he competition and Japanese Police at the Narita airport for the government.
    [Show full text]
  • The Week in Review July 2-8, 7(2), 2012
    July 2-8, 7(2), 2012 Editor: Sanjeev Kumar Shrivastav Contributors Anwesha Roy Chaudhuri Afghanistan, Pakistan Gulbin Sultana Sri Lanka, Maldives, Bangladesh Pranamita Baruah Japan, South Korea Princy Marine George Iran, Israel, Syria, Palestine Babjee Pothuraju Africa Amit Kumar Defence Review Shristi Pukhrem Internal Security Review Keerthi Kumar UN Review Review Adviser: S. Kalyanaraman Follow IDSA Facebook Twitter 1, Development Enclave, Rao Tula Ram Marg, New Delhi-110010 Telephone: 91-26717983; Fax: 91-11-26154191 Website: www.idsa.in; Email: [email protected] The Week in Review July 2-8, 7(2), 2012 CONTENTS In This Issue Page I. COUNTRY REVIEWS A. South Asia 2-9 B. East Asia 9-11 C. West Asia 11-13 D. Africa 13-14 II. DEFENCE REVIEW 14-16 III. INTERNAL SECURITY REVIEW 16-19 IV. UN REVIEW 19-23 1 The Week in Review July 2-8, 7(2), 2012 I. COUNTRY REVIEWS A. South Asia Afghansitan l United States accords Afghanistan a ‘Major Non-NATO Ally’ status; International donors pledges $16 billion aid for Afghanistan over the next four years at major donors’ conference in Tokyo; Five NATO soldiers wounded by man wearing Afghan army uniform In a significant development, according to reports, U.S. Secretary of State Hillary Clinton arrived in Afghanistan July 7, 2012 on a surprise visit ahead of a key conference in Tokyo. “We are not even imagining abandoning Afghanistan,” Clinton said in a press conference with Afghan President Hamid Karzai. To that point, the U.S. State Department announced on July 7, 2012 that President Barack Obama had signed a determination designating Afghanistan a “major non-NATO ally,” a status accorded to a limited number of countries such as Israel, Egypt, Australia and Pakistan.
    [Show full text]
  • 31 January 2010
    25th – 31st January 2010 FCCISL News Alert Weekly Business Highlight 25th – 31st January 2010 Content Page 1. DEVELOPMENT ECONOMICS 1.1 SRI LANKA’S ECONOMY LOOKS FORWARD TO GROW 05 1.2 SRI LANKA, A NATION BEYOND THE FIRST WORLD 11 1.3 SIXTH FASTEST GROWING ECONOMY IN 2010 21 1.4 PRIVATE SECTOR OUTPERFORMS PUBLIC SECTOR 24 1.5 SL NEEDS SKILLS DEVELOPMENT, NOT FINANCIAL ASSISTANCE 25 1.6 RPC SOCIAL WELFARE PROGRAMMES INVIGORATE ENHANCED WORKER LIFESTYLES 26 1.7 FIGHT CORRUPTION, WASTE TO DELIVER ECONOMIC DIVIDENDS 28 1.8 NORTH AND EAST DEVELOPMENT TAKES OFF THURSDAY 30 1.9 HOW TO INTEGRATE THE NORTH WITH THE REST OF THE ECONOMY 31 1.10 INCREASED OCCUPANCY HAS COLOMBO HOTELIERS OPTIMISTIC 34 1.11 TOP TEAM NEEDED TO LIFT SRI LANKA’S ECONOMY 35 1.12 ECONOMIC DEVELOPMENT -- IN SEARCH OF CONSENSUS 36 1.13 SUPPLY CHAINS: PLAN FOR THE FUTURE FROM FORK TO FARM 40 2. MANAGEMENT 2.1 HOW TO BECOME A GOOD MANAGER 43 3. TRADE & MARKETING 3.1 EARLY WEEK PROFIT TAKING DRIVES THE INDICES DOWN 46 3.2 FREQUENTLY ASKED QUESTIONS IN BRANDING 47 3.3 A SOCIAL NETWORKING CHECKLIST FOR CAREER SCHOOL MARKETING 49 3.4 SALES PROFESSION VITAL FOR GROWTH 51 3.5 CAPITAL MARKET THRIVING 52 3.6 TEA CROP LOWEST SINCE 2001 WHAT NEXT? 53 3.7 EUROPEAN AMBASSADOR SAYS LANKA’S NUMBER ONE TRADING PARTNER IS EU 54 3.8 CROSS-PECKING OVER CHICKEN FEED 56 4. MONEY & BANKING 4.1 CREDIT CARDS AND ITS WISE USAGE 59 4.2 ACCA’S 12 TENETS OF TAXATION 63 4.3 IMF REVISES UP GLOBAL FORECAST TO NEAR 4 PERCENT 66 4.4 SRI LANKA POLICY CERTAINTY HIGHER AFTER POLLS: CB GOVERNOR 68 4.5 MANY CONSIDERED HIM AS THEIR ‘WORKING GURU’ 69 2 FCCISL News Alert Weekly Business Highlight 25th – 31st January 2010 5.
    [Show full text]
  • Minutes of Parliament Present
    (Ninth Parliament - First Session) No. 73.] MINUTES OF PARLIAMENT Tuesday, May 04, 2021 at 10.00 a.m. PRESENT : Hon. Mahinda Yapa Abeywardana, Speaker Hon. Ranjith Siyambalapitiya, Deputy Speaker and the Chair of Committees Hon. Angajan Ramanathan, Deputy Chairperson of Committees Hon. Mahinda Rajapaksa, Prime Minister and Minister of Finance, Minister of Buddhasasana, Religious & Cultural Affairs and Minister of Urban Development & Housing Hon. Rohitha Abegunawardhana, Minister of Ports & Shipping Hon. Mahinda Amaraweera, Minister of Environment Hon. Udaya Gammanpila, Minister of Energy Hon. Dinesh Gunawardena, Minister of Foreign and Leader of the House of Parliament Hon. (Dr.) Bandula Gunawardana, Minister of Trade Hon. S. M. Chandrasena, Minister of Lands Hon. Janaka Bandara Thennakoon, Minister of Public Services, Provincial Councils & Local Government Hon. Nimal Siripala de Silva, Minister of Labour Hon. Douglas Devananda, Minister of Fisheries Hon. Vasudeva Nanayakkara, Minister of Water Supply Hon. (Dr.) Ramesh Pathirana, Minister of Plantation Hon. (Prof.) G. L. Peiris, Minister of Education Hon. Johnston Fernando, Minister of Highways and Chief Government Whip Hon. Prasanna Ranatunga, Minister of Tourism Hon. Keheliya Rambukwella, Minister of Mass Media Hon. Chamal Rajapaksa, Minister of Irrigation and State Minister of National Security & Disaster Management and State Minister of Home Affairs Hon. Namal Rajapaksa, Minister of Youth & Sports Hon. Gamini Lokuge, Minister of Transport Hon. (Mrs.) Pavithradevi Wanniarachchi, Minister of Health Hon. (Dr.) Sarath Weerasekera, Minister of Public Security Hon. M .U. M. Ali Sabry, Minister of Justice ( 2 ) M. No. 73 Hon. (Dr.) (Mrs.) Seetha Arambepola, State Minister of Skills Development, Vocational Education, Research and Innovation Hon. Lasantha Alagiyawanna, State Minister of Co-operative Services, Marketing Development and Consumer Protection Hon.
    [Show full text]
  • Global Tamil Forum
    Global Tamil Forum உலக தமிழ ேபரைவ GTF News Update 9th January 2015 --PRESS RELEASE FROM CANADIAN TAMIL CONGRESS-- CANADIAN TAMIL CONGRESS Canadian Tamil Congress Congratulates Maithripala Sirisen < http://canadiantamilcongress.net/article.php?lan=eng&id=154 > --INTERNATIONAL MEDIA COVERAGE ON PRESIDENTIAL ELECTION-- CNN President's gamble fails as rival wins Sri Lanka election < http://edition.cnn.com/2015/01/09/intl_homepage1/sri-lanka-elections-result/ > CNN Sri Lanka's Rajapaksa suffers shock election defeat < http://www.bbc.co.uk/news/world-asia-30738671 > TIME Sri Lanka’s President Concedes Defeat in a Major Poll Upset < http://time.com/3661002/sri-lanka-rajapaksa-defeat-sirisena-election/ > NEW YORK TIMES Sri Lankan President Concedes Defeat After Startling Upset < http://www.nytimes.com/2015/01/09/world/asia/sri-lanka-election-president-mahinda- rajapaksa.html?_r=0 > THE WALL STREET JOURNAL **COMMENTS CAN BE POSTED** Sri Lanka Votes to End Mahinda Rajapaksa’s Presidency < http://www.wsj.com/articles/sri-lanka-voters-put-an-end-to-rajapaksa-presidency- 1420772844?tesla=y > THE WALL STREET JOURNAL **COMMENTS CAN BE POSTED** What to Know about Maithripala Sirisena, Sri Lanka’s Next President < http://blogs.wsj.com/indiarealtime/2015/01/09/what-to-know-about-maithripala-sirisena-sri- lankas-next-president/ > BLOOMBERG **COMMENTS CAN BE POSTED** Sri Lankan Election Upset a Blow to China’s Indian Ocean Plans < http://www.bloomberg.com/news/2015-01-09/sri-lankan-election-upset-a-blow-to-china-s- indian-ocean-plans.html > THE GUARDIAN
    [Show full text]
  • Weekly 9Th January 2015 Focus: Week Ends on a High Note with Election Results
    Market watch: Weekly 9th January 2015 Focus: Week ends on a high note with election results Research Contact Shehan Bartholomeuz Short week closed the indices on a high note with the [email protected] victory of the common candidate in the presidential +9411 7880835 Damith Wasantha election. Bourse was active in most of the days while [email protected] indices closed in green throughout the week. Friday +9411 7880837 recorded the highest gains with interest being witnessed Market Indicators across the board. This Week Last Week % Change YTD Change ASPI 7,605.79 7,348.39 3.50% 27.44% Twenty six crossings were recorded during the week S&P SL 20 4,272.50 4,110.30 3.95% 30.05% while DIAL and SEYB accounted for most of them. Turnover (LKR Mn) 6,367 2,399 165.41% 341,898 Volume (Mn) 294 132 121.92% 16,809 Bank, Finance and Insurance sector contributed mostly to For. Pur(LKR Mn) 1,139 561 103.06% 273 the market turnover while Manufacturing sector was the highest gainer for the week (+ 6.92%). For.Sales(LKR Mn) 1,155 335 244.39% 616 PE 13.99 13.50 3.60% 1.08% COMB, DIST and HHL lifted up the ASPI by 56 points PBV 2.01 1.95 3.51% -6.50% while JKH dragged down the index by around 14 points. Mkt Cap.(LKR Mn) 3,238,898 3,125,904 3.61% 41.67% ASPI up by 257 points and S&P SL20 up by162 points. YTD Foreign inflow/(outflow) - LKR Bn -0.37 Rupee depreciated slightly to close at LKR 131.52 per Top 5 Gainers USD.
    [Show full text]
  • Projected Economic Growth in North & East Regions Will Be 13 Per Cent
    Published in Canada by The Times of Sri Lanka Vol.9 JUNE 2011 Projected economic growth in North & East regions will be 13 per cent over five years The economy of Sri Lanka’s once war-torn Northern and Eastern provinces are set to grow by around 13 percent per annum from 2011 onwards for the next five years, according to the Governor of the Central Bank of Sri Lanka (CBSL). CBSL Governor Ajith Nivard Cabraal (inset) made these remarks in delivering the 60th Anniversary Oration of the CBSL a fortnight ago, on the topic of ‘Promoting financial inclusiveness – The experience of the past two years’. “There is a clear drive towards holistic development in the North and East to ensure that people sustain their economic achievements and translate them into a way of life. We expect that the range of investments made in these provinces will result in a growth rate of around 13 percent per annum in these provinces, from 2011 onwards for the next five years,” Cabraal said. According to the Governor, it has been encouraging to see that the Northern Province (NP) had recorded the highest nominal growth rate of 14% in 2009 ahead of all other Provinces although on a low base. The contribution to the country’s GDP by the NP increased to 3.3% in 2009 from 2.8% in 2006. The Eastern Province on the other hand recorded the second-highest nominal growth rate of all provinces, at 14% in 2009 while its contribution to the country’s GDP increased to 5.8% in 2009 from 4.9% in 2006.
    [Show full text]
  • Cyber Ragging Racket at Jaffna
    Easter Sunday attacks Catholic Church THURSDAY 17 september 2020 possibly knew about LATEST EDITION VOL: 09/233 PRICE : Rs 30.00 warnings – Harin READ BY METHMALIE DISSANAYAKE CEYLON TODAY In Sports Samagi Jana Balawegaya (SJB) MP Harin AND Yupun wins Bronze Fernando yesterday (16), claimed that there could be a probability that the Catholic Church also knew in Switzerland about the prior intelligence warnings on a possible WIN terror attack on 21 April 2019. LUXURY HOTEL A week after his record breaking Testifying before the Presidential Commission of STAYS! 100m run in 10.16 seconds, Yupun Inquiry (PCoI) probing Easter Sunday terror attacks Abeykoon ran another sizzling 100m in 2019, Fernando claimed that according to... D SID to clock 10.24 seconds in the 2020 ETAILS IN E Gala dei Castelli, World Athletics Story Continued on PAGE 2 Bronze Level Series... A16 Rs 340M Claim Sent to Distressed Tanker’s Owners BY HANSI NANAYAKKARA following the recent fire. The Attorney General’s Coordinating Attorney General Dappula de Livera Officer, State Counsel Nishara has submitted an interim claim for Jayaratne said, the claim, was handed Rs 340 million to the lawyers over yesterday (16), seeking representing the owners of the oil compensation for costs related to the tanker ‘MT New Diamond’, for costs assistance rendered by all parties, Cyber Ragging incurred by the Government of Sri including the Navy, Air Force, Ports Lanka, in the assistance rendered to Authority, Colombo Dockyard PLC, Racket at Jaffna Uni the ship and other related matters Marine Environment... Seniors demand new entrants to send private photos on WhatsApp BY RUWANTHA NITHULGASPITIYA hi-tech method of ragging, to entrants to send them nude photos, AND URAWEERA ANDY K.L.
    [Show full text]
  • Annual Report 2010 Corporate Information
    Federation of Chambers of Commerce and Industry of Sri of Commerce of Chambers Lanka Report Annual Federation 2010 FEDERATION OF CHAMBERS OF COMMERCE AND INDUSTRY OF SRI LANKA “Federation House”, 53, Vauxhall Lane, Colombo 02, Sri Lanka Federation of Chambers of Commerce Tel: +94-11-2304253/4 Fax: +94-11-2304255 and Industry of Sri Lanka Email: [email protected], [email protected] Web: www.fccisl.lk, www.blog.fccisl.lk Annual Report 2010 Corporate Information Name of the Company : Federation of Chambers of Commerce and Industry of Sri Lanka Legal Form : Company Limited by Guarantee Company Registration No. : GA 446 dated 27/10/2009 Registered Office : Federation House, 53, Vauxhall Lane, Colombo 02, Sri Lanka Nature of Business : Trade Promotions and Providing Services to the Business Community Board of Directors : Mr. Tissa Jayaweera, Mr. Kumar Mallimaratchi Mr. Ajith Wattuhewa, Mr. Kosala Wickramanayake Mr. Nawaz Rajabdeen, Mr. S T S Arulananthan Mr. W K H Wegapitiya, Mr. Shiran Karunaratne Branch Offices : Chamber Academy Kurunegala No. 56, Town Centre Building, Mihindu Mawatha, Colombo Road, Kurunegala Chamber Academy Kandy No. 155, 2nd Floor, William Gopallawa Mawatha, Kandy Chamber Academy Vavuniya Sathya Building, 1st Cross Street, Vavuniya Chamber Academy Gampaha 2nd Floor, Gampaha Pradeshiya Saba Building Miriswatte Junction, Mudungoda Handwerk Centre Western Province – Kalutara Dodangoda Road, Malegoda, Payagala, Kalutara Handwerk Centre Eastern Province – Thirukkovil Near Udaysooriyan Ground, Thirukkovil 01 Gampaha District Chamber of Commerce, Industry and Agriculture 2nd Floor, Pradeshiya Saba Building, Miriswatta Junction, Mudungoda Bankers Commercial Bank of Ceylon PLC Seylan Bank PLC Sampath Bank PLC People’s Bank Hatton National Bank PLC Auditors KPMG Ford, Rhodes, Thornton & Co.
    [Show full text]
  • Minutes of Parliament Present
    (Ninth Parliament - First Session) No. 51.] MINUTES OF PARLIAMENT Tuesday, February 09, 2021 at 10.00 a.m. PRESENT : Hon. Mahinda Yapa Abeywardana, Speaker Hon. Ranjith Siyambalapitiya, Deputy Speaker and the Chair of Committees Hon. Angajan Ramanathan, Deputy Chairperson of Committees Hon. Mahinda Rajapaksa, Prime Minister and Minister of Finance, Minister of Buddhasasana, Religious & Cultural Affairs and Minister of Urban Development & Housing Hon. Rohitha Abegunawardhana, Minister of Ports & Shipping Hon. Mahinda Amaraweera, Minister of Environment Hon. Dullas Alahapperuma, Minister of Power Hon. Mahindananda Aluthgamage, Minister of Agriculture Hon. Udaya Gammanpila, Minister of Energy Hon. Dinesh Gunawardena, Minister of Foreign and Leader of the House of Parliament Hon. (Dr.) Bandula Gunawardana, Minister of Trade Hon. S. M. Chandrasena, Minister of Lands Hon. Janaka Bandara Thennakoon, Minister of Public Services, Provincial Councils & Local Government Hon. Nimal Siripala de Silva, Minister of Labour Hon. Vasudeva Nanayakkara, Minister of Water Supply Hon. (Dr.) Ramesh Pathirana, Minister of Plantation Hon. (Prof.) G. L. Peiris, Minister of Education Hon. Johnston Fernando, Minister of Highways and Chief Government Whip Hon. Prasanna Ranatunga, Minister of Tourism Hon. C. B. Rathnayake, Minister of Wildlife & Forest Conservation Hon. Keheliya Rambukwella, Minister of Mass Media Hon. Chamal Rajapaksa, Minister of Irrigation and State Minister of National Security, Home Affairs and Disaster Management ( 2 ) M. No. 51 Hon. Namal Rajapaksa, Minister of Youth & Sports Hon. Gamini Lokuge, Minister of Transport Hon. Wimal Weerawansa, Minister of Industries Hon. (Dr.) Sarath Weerasekera, Minister of Public Security Hon. (Dr.) (Mrs.) Seetha Arambepola, State Minister of Skills Development, Vocational Education, Research and Innovation Hon. Lasantha Alagiyawanna, State Minister of Co-operative Services, Marketing Development and Consumer Protection Hon.
    [Show full text]