National Unity Government in Sri Lanka
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Indo-Pacific
INDO-PACIFIC Sri Lanka: Operations Begin on New Chinese-Funded Artificial Island OE Watch Commentary: A newly reclaimed island adjacent to Sri Lanka’s capital Colombo has begun attracting businesses. Named “Port City Colombo,” the 269 hectares (664 acres) of reclaimed land juts almost two kilometers into the Laccadive Sea. The project is intended to help turn Colombo into a retail and financial hub, the latter dubbed “Colombo International Financial City,” pulling in investment from India and South Asia. The excerpted article notes that China provided the entirety of the $1.4 billion dollars needed to build the island, setting China’s investments in the country apart from those of the US and Japan, which the article claims, “are also vying for influence” in the country along with India. Gotabaya Rajapaksa, who was elected Sri Lanka’s president in November 2019, is viewed as being pro-China, and the article notes that his prime minister, Mahinda Rajapaksa, served as President during a period of growing relations with China. The Colombo project is not the only billion-dollar Chinese investment in the country. ColomboHarbour-November2015-04. Source: Rehman Abubakr via Wikimedia, https://zh.m.wikipedia.org/wiki/File:ColomboHarbour- The Hambantota Development Zone, on Sri Lanka’s southern coast and initiated in 2008, November2015-04.JPG, CC BY-SA 4.0 has attracted even more foreign scrutiny than the Colombo project. In 2017, then-Prime Minister Wickremesinghe agreed to terms that gave China Merchants Port Holdings Company a 99-year lease. The company is majority-owned by China Merchants Group [招商局集团], itself owned by China’s State-owned Assets Supervision and Administration Commission which oversees State-owned enterprises (SOEs). -
Evolution of China-Sri Lanka Relations
Evolution of China-Sri Lanka Relations Ms. Gunjan Singh’s research interests include international relations, developments in China and space security. She has pursued her scholarship with various well known think tanks and has authored as well as edited many papers for national and international journals. Presently, she is an Associate Fellow at the VIF, New Delhi. — 2 — Evolution of China-Sri Lanka Relations Evolution of China-Sri Lanka Relations Introduction Over the last ten years China has been paying renewed attention to its ties with Sri Lanka. There has been a large rise in Chinese investments in various projects in Sri Lanka. Beijing has also diplomatically supported Colombo on various issues, especially on charges of human rights violations. In return, Sri Lanka has played an important role in helping China enhance its influence and prestige in the South Asian region. Notably, since taking over as president, Xi Jinping has accorded special focus to this relationship. Xi visited Sri Lanka in September 2014, the first visit by any Chinese President, in 28 years.1 A study of the growing Chinese involvement in Sri Lanka could be divided into two phases. The first would roughly coincide with the end of the Eelam War in May 2009 under President Rajapaksa, to the end of 2014. The next phase would constitute the period from January 2015 when Rajapaksa lost the election and Sirisena assumed the presidency, to till date. The period under Rajapaksa was marked by major initiatives to strengthen the relationship with China. The warmth between China and Sri Lanka grew after 2009 because China was one of the few countries that continued to supply arms and defence equipment to the Sri Lankan Army during its war against the Liberation Tigers of Tamil Eelam (LTTE). -
Volume of Abstracts
International Postgraduate Research Conference 2015 University of Kelaniya, Sri Lanka Conference Programme 10th – 11th December Faculty of Graduate Studies University of Kelaniya Sri Lanka www.kln.ac.lk/fgs 1 IPRC – 2015 Conference Organizing Committee Convener: Senior Professor Sunanda Maddumabandara Vice Chancellor University of Kelaniya, Sri Lanka Conference Chair: Senior Professor Kulasena Vidanagamage Overall Co-ordinator: Professor Chamindi Dilkushi Wettewe Faculty Co -ordinators: Faculty of Commerce & Management Studies: Dr. D.K.Y. Abeywardhana Faculty of Graduate Studies: Mr. Shakya Lakmal Wijerathne Faculty of Humanities: Ms.Prabha Manuratne Faculty of Medicine: Dr.C.W. Subasinghe Faculty of Science: Dr.V.P.A. Weerasinghe Faculty of Social Sciences: Dr.M.G.Kularatne Co-ordinator International participants: MrThilina Wickramarachchi Conference Secretary: Mr.Ishara Thilakarathne Assistant Secretary: Mr. Dimuth Sahajeewa Contact Persons Professor Chamindi Dilkushi Wettewe +94 112903782 [email protected] Mr.Ishara Thilakarathne +94 715873619 [email protected] / [email protected] Mr. Dimuth Sahajeewa +94 715982668 [email protected] 2 Ta Table of Content Table of Content ........................................................................................................................ 3 A Review of Capital Structure Theories .................................................................................. 17 A Study on Brand Equity Antecedents on Purchasing Intention for Application Based Cement (ABC) Brands in Sri -
Urban Solutions and Forge New • 48: Guocoland Singapore • 97(1): Hewlett Packard Enterprise • 51: John Liddle Photography • 97(2): Edimax Partnerships
Innovation & Collaboration ISSUE 13 • JUL 2018 INNOVATION & COLLABORATION INNOVATION The Centre for Liveable Cities seeks to distil, create and share knowledge on liveable and sustainable cities. Our work spans four main areas, namely Research, Capability Development, Knowledge Platforms and Advisory. Through these efforts, we aim to inspire and give urban leaders and practitioners the knowledge and support they need to make cities more liveable and sustainable. Discover what CLC does on our digital channels. EXPLORE CONNECT IMMERSE www Interview Ranil Wickremesinghe Vivian Balakrishnan clc.gov.sg CLCsg CLC01SG Opinion Geoffrey West Essay SPECIAL ISSUE Maimunah Mohd Sharif Yuting Xu & Yimin Zhou Mina Zhan & Michael Koh ISSUE 13 • JUL 2018 City Focus Seoul Case Study Singapore London Contact Amaravati [email protected] A bi-annual magazine published by is a bi-annual magazine published by the Centre for Liveable Cities. It aims to equip and inspire city leaders and allied professionals to make cities more liveable and sustainable. THANK YOU Set up in 2008 by the Ministry of National Development and the Ministry of the Environment and Water Resources, the Centre for Liveable Cities (CLC) has as its mission “to distil, create and share knowledge on liveable and sustainable cities”. CLC’s work spans four main areas— Research, Capability Development, Knowledge Platforms, and Advisory. Through these activities, CLC hopes to provide urban leaders and FOR BEING A PART OF practitioners with the knowledge and support needed to make our cities better. www.clc.gov.sg CLC is a division of JUL 2018 ISSUE 13 • Image Credits Advisory Panel Dr Liu Thai Ker (Chairman) • 4: Sri Lanka Government • 62: Seoul Metropolitan Government • 6(1): hecke61 / Shutterstock • 63: Son/Metro 손진영기자 Chairman • 6(2): Sergii Rudiuk/ Shutterstock • 64: Maxim Schulz - www.mediaserver.hamburg. -
John Keells Holdings Plc | Annual Report 2018/19
GOING FORW RD JOHN KEELLS HOLDINGS PLC | ANNUAL REPORT 2018/19 GOING FORW RD For over 149 years, John Keells has built and managed a diverse industry portfolio including several industry sectors strategically selected to represent key growth areas of the economy. We are known as an entrepreneurial company constantly seeking new business opportunities to explore, innovate and make our own. That is how we have maintained an even trajectory of expansion and growth throughout every decade of our long history. Over the past few years, we have been investing in several enterprises that we identified as potentially value enhancing, such as the "Cinnamon Life" project, which will be an iconic landmark transforming the city of Colombo. Today, the Group moves into the next phase as our major investments begin to yield results. Yet the road has not always been an easy one and there were times when we had to dig deep, leveraging on our financial strength, operational expertise, business leadership and corporate resilience to withstand the challenges we have had to face. The Easter Sunday attacks of April 2019 will be long remembered for the tragedy and turmoil we all experienced. Yet, we have every confidence in our nation’s proven resilience and capacity to move ahead and prosper, united as one. Going forward, we will continue to harness the value created by our investment strategies; evolving our standards of governance while ensuring that our digital capabilities and innovative approach will drive your Company’s progress to the next level. JOHN -
Word Portrait Global 160517
s FINAL REPORT | FORENSIC REPORT | RFP 5 EXAMINATION ON CONDUCT OF SUPERVISORY AND REGULATORY ROLE BY THE SUPERINTENDENT OF PUBLIC DEBTParliament / DIRECTOR, SUPERVISION Copy OF NON-BANK FINANCIAL INSTITUTIONS PERTAINING TO SELECTED PRIMARY DEALERS FROM 1 JANUARY 2009 TO 31 DECEMBER 2017 THE CENTRAL BANK OF SRI LANKA 8 NOVEMBER 2019 Copy Parliament FINAL REPORT | RFP 5 | EXAMINATION ON THE CONDUCT OF THE SUPERVISORY AND REGULATORY ROLE BY THE SUPERINTENDENT OF PUBLIC DEBT / DIRECTOR, SUPERVISION OF NON-BANK FINANCIAL INSTITUTIONS PERTAINING TO SELECTED PRIMAY DEALERS FROM 01 JANUARY 2009 TO 31 DECEMBER 2017 CONTENTS 1. INTRODUCTION ................................................................................... 11 1.1. BACKGROUND ............................................................................... 11 2. OBJECTIVE AND SCOPE .......................................................................... 18 2.1. THE OBJECTIVE AND SCOPE ............................................................... 18 3. WORK PERFORMED ............................................................................... 20 3.1. OPERATIONS OF REGULATION AND SUPERVISION FUNCTION.......................... 20 3.2. MAPPING THE DEPARTMENTAL PROCEDURES WITH APPLICABLE LEGISLATIONS .... 22 3.3. THE CBSL INTERNAL REPORTS ............................................................. 23 3.4. REVIEW OF DEPARTMENTAL PROCEDURE ................................................ 23 3.5. DIGITAL FORENSICS ........................................................................ -
Arjuna Mahendran: Central Bank of Sri Lanka's 65Th Anniversary
Arjuna Mahendran: Central Bank of Sri Lanka’s 65th anniversary Speech by Mr Arjuna Mahendran, Governor of the Central Bank of Sri Lanka, at the commemorating ceremony of the Central Bank of Sri Lanka’s 65th anniversary, Central Bank of Sri Lanka, Colombo, 28 August 2015. * * * Today is a very important day for all of us. 65 years is not a small period in the life of an institution and first and foremost I must thank all of you who have kept the torch of central banking alive and well in Sri Lanka over the last 65 years. I know most of you haven’t been here for that length of time but certainly those traditions have been passed on to you and you are I think preserving them very well and making sure that they are moving on into the next generations’ hands in good condition. At this point, we should take a step back and look at what we have achieved in those 65 years. First of all, when we were established in 1950, the statute that enabled the establishment of this institution was very clear, in-terms of its objectives and that statute has more or less remained unchanged in that whole period, which I think in Sri Lankan terms is quite a record. There haven’t been significant amendments to the Monetary Law Act in that period and our objectives still remain the same; the control of inflation, the promotion of financial stability and banking sector and financial system stability and the thrust for a broader economic development of the whole country, that in a nutshell is what our objectives are, which is very clear, its unambiguous and it has kept us on the straight and narrow path through some fairly challenging periods. -
Topads.Lk VISIT Polls Cost Over Rs
A DIVIDED HAMBANTOTA PORT LEASE OPPOSITION BILLIONS OFF GEARS FOR FINANCIAL POLLS RECORDS RS. 80.00 PAGES 64 / SECTIONS 6 VOL. 02 – NO. 38 SUNDAY, JUNE 14, 2020 ALOYSIUS TRYING SPECIAL CRICKET TO ‘RECLAIM’ PRICE CAMPUS MENDIS Rs. 60.00 STUMPED? »SEE PAGES 8 & 9 »SEE BUSINESS PAGE 1 »SEE PAGE 7 »SEE PAGE 5 COVID-19 LOCAL CASES COVID-19 CASES For verified information on the GENERAL PREVENTIVE GUIDELINES coronavirus (Covid-19) contact any of the IN THE WORLD following authorities ACTIVE CASES TOTAL CASES 1999 TOTAL CASES Health Promotion Bureau 1877 7,667,394 Suwasariya Quarantine Unit 0112 112 705 Ambulance Service Epidemiology Unit 0112 695 112 Wash hands with soap Wear a commercially Maintain a minimum Use gloves when shopping, Use traditional Sri Lankan Always wear a mask, avoid DEATHS RECOVERED Govt. coronavirus hotline 0113071073 for 40-60 seconds, or rub available mask/cloth mask distance of 1 metre using public transport, etc. greeting at all times crowded vehicles, maintain DEATHS RECOVERD 1990 hands with alcohol-based or a surgical mask if showing from others, especially in and discard into a lidded instead of handshaking, distance, and wash hands 11 1196 425,788 3,882,805 PRESIDENTIAL SPECIAL TASK FORCE FOR ESSENTIAL SERVICES handrub for 20-30 seconds respiratory symptoms public places bin lined with a bag hugging, and/or kissing before and after travelling Telephone 0114354854, 0114733600 Fax 0112333066, 0114354882 670 Hotline 0113456200-4 Email [email protected] THE ABOVE STATISTICS ARE CONFIRMED UP UNTIL 2.00 P.M. ON 12 JUNE 2020 CENTRAL BANK REFINANCING SCHEME Private banks given only Rs. -
News Round up 03.01.2019
NEWS ROUND UP Thursday, January 03, 2018 Contents Sri Lanka Central Bank refutes President’s bond claims ............................................................................... 2 Sri Lanka to be 'brutal' on finance companies that lose capital ................................................................... 2 Sri Lanka expecting US$400mn India swap line shortly: CB Governor ......................................................... 4 Sri Lanka to tighten ownership limits in banks ............................................................................................. 5 Sri Lanka Treasuries yields ease at auction................................................................................................... 6 Sri Lanka mulls extending IMF deal amid soft-peg trouble .......................................................................... 6 Tourist arrivals growth higher in 2018 with record haul in December ........................................................ 7 Taprobane Securities (Pvt) Ltd – Research + 94 11 5328200 [email protected] Sri Lanka Central Bank refutes President’s bond claims Sri Lanka’s Central Bank Wednesday rejected President Maithripala Sirisena’s allegation that over one thousand billion rupees had been stolen through controversial bond sales over a 14-year period ending 2016. Central Bank of Sri Lanka Senior Deputy Governor Nandalal Weerasinghe said he was at a meeting with President Sirisena on December 21 to discuss progress in investigating the alleged bond scams, but was surprised to read -
Central Bank of Sri Lanka
CENTRAL BANK OF SRI LANKA PRIMARY DEALER COMPANIES (RISK WEIGHTED CAPITAL ADEQUACY RATIO - AMENDMENT) DIRECTION NO.2 OF 2015 This direction is issued under Regulation 1 l(l)(o) of the Local Treasury Bills (Primary Dealers) Regulations No. 01 of 2009 dated 24.06.2009 and Regulation ll(l)(o) of the Registered Stock and Securities (Primary Dealers) Regulations No. 01 of 2009 dated 24.06.2015 made by the Minister of Finance under the Local Treasury Bills Ordinance No. 8 of 1923 and the Registered Stock and Securities Ordinance No. 7 of 1937, respectively, and shall be effective from 28.10.2015. Lakshman Arjuna Mahendran Chairman of the Monetary Board and Governor of the Central Bank of Sri Lanka Colombo. Date: 28.10.2015 1. This Direction may be cited as Primary Dealer Companies (Risk Weighted Capital Adequacy Ratio - Amendment) Direction No.2 of 2015. 2. Paragraph 1 of the Direction on Risk Weighted Capital Adequacy Framework (RWCAF) for Primary Dealers dated 22.06.2006 (herein referred to as 'the Direction') is hereby amended as follows: (i) Paragraph 1 (a): By repeal of words "the higher of Rs. 300 million" thereof and the substitution therefor, of "the higher of Rs. 1,000 million" (ii) Paragraph 1 (c): By repeal of words "A minimum risk weighted capital adequacy ratio (CAR) of 8%" thereof and the substitution therefor, of "A minimum risk weighted capital adequacy ratio (CAR) of 10%" 3. Paragraph 3 of the Direction is hereby amended as follows: (i) Paragraph 3.3: By repeal of words "minimum capital is Rs. -
SVAT RIP Details Report As At
SVAT RIP Details Report As at - 2020-07-22 TIN No Taxpayer Name SVAT No Project Name 100871157 VIRCO INTERNATIONAL (PRIVATE) LIMITED 11465 - 100871483 CEILAN COIR PRODUCTS 10606 - 100872420 CONSOLIDATED PRINTING (PVT) LTD 10086 - 100872722 THERMOTEX (PVT) LTD 11616 - 100873087 ALPINE CLOTHINGS POLPITHIGAMA (PVT) LTD 10040 - 100874776 O C M LANKA (PRIVATE) LIMITED 10227 PROVIDING CUSTOMISIZED BAGGING SOLUTIONS AT PORT IN COLOMBO 100875713 N D C EXPORTS (PVT) LTD 10163 - 100876507 DEVON TEAS LIMITED 11295 - 100877007 UNIFI TEXTILES COLOMBO (PRIVATE) LIMITED 10578 - 100877449 VENUS EMBELLISHERS (PRIVATE) LIMITED 10232 - 100878704 CONTINENTAL TEA (PRIVATE) LIMITED 10554 - 100878771 AARON TEXTILES LANKA (PRIVATE) LIMITED 11205 - 100879905 TUNA WORKS LANKA (PRIVATE) LIMITED 10742 TUNA WORKS LANKA (PVT) LTD 100880164 KALPITIYA LAGOON RESORT (PRIVATE) LIMITED 11204 KALPITIYA LAGOON RESORT (PRIVATE) LIMITED 100882884 ANDRITZ HYDRO GMBH 10110 - 100883546 DUNDY TRADING COMPANY 10108 - 100885930 PRIME STRUCTURES ENGINEERING LANKA (PRIVATE) LIMITED 10265 - 100888122 CREATIVE ACCESSORIES LANKA (PRIVATE) LIMITED 10146 - 100888980 ICONIC DEVELOPMENTS (PRIVATE) LIMITED 11620 ICONIC DEVOLOPMENTS (PVT) LTD 100889218 KEFRO INTERNATIONAL (PRIVATE) LIMITED 11428 - 100889820 ROYAL FRESH EXPORTS (PRIVATE) LIMITED 10582 - 100890151 ION EXCHANGE (INDIA) LIMITED 11358 ALUTHGAMA, MATHUGAMA, AGALAWATTA WATER SUPPLY PROJECT 100890232 D AND H APPARELS (PRIVATE) LIMITED 11351 - 100890828 JITF - KDESH JV 11632 AMBATHALE WATER SUPPLY SYSTEM IMPROVEMENT, ENERGY SAVING COLOMBO -
Terms of Use LKI Is Not Responsible for Errors Or Any Consequences Arising from the Use of Information Contained Herein
Copyright © 2020 Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) Cover image courtesy of CHEC Port City Colombo (Pvt) Ltd Terms of use LKI is not responsible for errors or any consequences arising from the use of information contained herein. The views expressed in this report are those of the author(s). They are not the institutional views of LKI and do not necessarily reflect the position of any other institution or individual with which an author is affiliated. Lakshman Kadirgamar Institute of International Relations and Strategic Studies 24 Horton Place, Colombo 7, Sri Lanka Email: [email protected]. Website: www.lki.lk 2 Acknowledgements This study was undertaken by the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) at the request of CHEC Port City Colombo (Pvt) Ltd. The assignment was to conduct an independent study on the long-term competitiveness of the Port City SEZ and its potential to become a catalyst for services-led growth in Sri Lanka. The research was conducted between mid- October 2019 and end February 2020. A minor revision was undertaken in April. The core LKI study team consisted of Dr. Ganeshan Wignaraja (Executive Director, LKI), Mr. Adam Collins (former Research Fellow, LKI) and Ms. Angela Hüttemann (Research Fellow, LKI). Valuable inputs and suggestions were provided by several LKI colleagues including Dr. Dinusha Panditaratne (Non-Resident Fellow and Former Executive Director, LKI), Ms. Anishka De Zylva (Global Scholar, LKI), Ms. Pabasara Kannangara (Research Associate, LKI), and Ms. Chathuni Pabasara (Senior Research Assistant, LKI). Radhika De Silva (Deputy Director, LKI) and her team provided able administrative support for the study.