ATTN: CHANDIMA UDABAGE – MD-ART TV

BIZ ROUND UP – DEC 2ND, 2007

1. CEB VTR FRI 29 RIYAD

2. MILK VTR FRI 30 LASHINI

3. ADB VTR WED 28 CHAMINDA

4. IFS VTR MON 26 ANOUK

WRAP – NEWS IN BRIEF

MAIN NEWS

1. EDB VTR TUE 27 ANOUK

2. FITCH CARD TUE 27 NISH/ANOUK

3. MOBITEL NEWS VTR TUE 27 CHAMI

4. COCA COLA VTR TUE 27 NILANTHA

5. MILITARY VTR THU 29 SAMANTHA

CORPORATE NEWS

1. S-LON VTR MON 26 NILANTHA

2. CARGILLS VTR TUE 27 RAVI

3. L’OREAL VTR THU 29 NISHANI

BREAK 1

WEEKLY FOCUS

LOGISTICS VTR THU 29 CHAMI

WEEKEND DIALOG

CAPPATIPOLA VS ANOUK
BREAK 2

STOCKS

DHARSHI AT BARTLEETS VTR

ANCHOR: ANOUK
PRODUCER: RAVI

THE HEADLINES
1. CEB UNION SAYS GOVERNMENT SHOULD EVALUATE POWER
PROJECTS ON CASE BY CASE BASIS, AND
2. EXPERTS SAY LOGISTICS INDUSTRY IN ASIA GROWING
AT GREATER PACE THAN THE WEST

1.
ALTERNATIVE POWER GENERATION CONCEPTS SUCH AS WIND, SOLAR
AND MINI POWER ARE VIABLE OPTIONS DUE TO THE ALL TIME PRICE
HIGHS IN THE GLOBAL FOSSIL FUELS MARKET.

BUT EXPERTS AT THE CEB SAY THE GOVERNMENT SHOULD EVALUATE

POWER GENERATION PROJECTS ON A CASE BY CASE BASIS, AS SOME
SO CALLED LOW COST ALTERNATIVES MAY BURN A HOLE IN
CONSUMERS POCKETS YET AGAIN IN THE FUTURE.

THIS WAS STATED AT A MEDIA CONFERENCE ORGANIZED BY THE CEB

ENGINEERS UNION LAST WEEK.

ROLL VTR

EXTRO

MEANWHILE THE SECRETARY TO THE MINISTRY OF POWER AND ENERGY

WHEN CONTACTED BY ART TV, STATED THAT THE CABINET HAD
APPROVED THE DEAL AS IT WAS A GOVERNMENT POLICY DECISION
2.
MILK - VTR

SELLING COWS FOR BEEF HAS BECOME MORE PROFITABLE FOR SMALL
SCALE DIARY PRODUCERS THAN USING THEM FOR MILK PRODUCTION,
SAYS A DAIRY INDUSTRY EXPERT.

THIS FACT WAS REVEALED DURING A RECENT DISCUSSION THAT US

AID HELD WITH LOCAL DIARY INDUSTRY REPRESENTATIVES.

THE MEETING FOCUSED ON DEVELOPING SRI LANKA’S DIARY

INDUSTRY WHICH WILL HELP REDUCE MILK POWDER IMPORTS
INCURRING A HEAVY IMPORT BILL.

ROLL VTR

3. THE ASIAN DEVELOPMENT BANK ANNOUNCED ITS DECISION

THIS WEEK TO EXTEND 80 MILLION DOLLARS TO THE SRI LANKAN
GOVERNMENT TO IMPROVE THE NATION’S SECONDARY AND TERTIARY
EDUCATION SECTOR.

THIS 80 MILLION DOLLARS IS EXPECTED TO BE INVESTED IN

IMPROVING THE SKILLS NECESSARY TO MEET THE EXPANDING AND
EVOLVING NEEDS OF THE LABOR MARKET.

ROLL VTR

4.
IFS AB, A GLOBAL LEADER IN COMPONENT BASED BUSINESS
SOFTWARE PLANS TO INVEST OVER 1 BILLION RUPEES NEXT YEAR
FOR RESEARCH AND DEVELOPMENT IN SRI LANKA.

THIS WAS REVEALED AT A PRESS BRIEFING HELD RECENTLY TO MARK

THE GROUP’S 10TH ANNIVERSARY SINCE LAUNCHING OPERATIONS IN
THE ISLAND.

ROLL VTR
LET’ TAKE A LOOK AT THE STORIES WHICH MADE HEADLINES IN THE
CORPORATE SECTOR OVER THE LAST WEEK.
1.
THE FIRST EVER LEATHER AND FOOTWEAR EXHIBITION WAS HELD
LAST WEAK AT THE BMICH, DRAWING LARGE CROWDS.

AT THE EXHIBITION HELD AT THE BMICH, 150 STALLS SHOWCASED

THEIR LEATHER GOODS AND FOOTWEAR FACILITATING A MEETING OF
TRADERS AND INVESTORS.

READ ON
-------------------------

2.
FITCH RATINGS LANKA TODAY ASSIGNED A ‘B+’ LANKA' NATIONAL
LONG-TERM RATING TO VALLIBEL FINANCE LIMITED WITH A STABLE
OUTLOOK.

CARD 1

VALLIBEL SAW AN INCREASE IN ITS LOAN GROWTH DURING THE

PERIOD OF APRIL TO SEPTEMBER 2007 WHICH ENABLED THE COMPANY
BOOST ITS ASSET BASE TO 514.3 MILLION RUPEES.

THE COMPANY’S PORTFOLIO SAW A SHIFT IN THE FIRST HALF OF

2008 FROM HIGH PURCHASE AGREEMENTS TO LEASES AND TERM LOANS
WHICH ACCOUNT FOR 73.4% AND 25.4% RESPECTIVELY. 75% OF
VEHICLES FINANCED CONSIST OF COMMERCIAL VEHICLES WHILE 20%
ARE MOTOR CARS.

MEANWHILE, FITCH RATINGS LANKA HAS ALSO ASSIGNED A BB MINUS

LANKA NATIONAL LONG-TERM RATING TO SANASA DEVELOPMENT BANK
LIMITED. THE OUTLOOK IS STABLE.

CARD 2
FITCH SAYS THE RATING REFLECTS THE BANK'S RELATIVELY GOOD
PROFITABILITY AND ASSET QUALITY, ALTHOUGH CONSTRAINED BY
ITS LOW CAPITALIZATION, THE CHALLENGES IN MEETING THE
MINIMUM CAPITAL REQUIREMENT SET BY THE CENTRAL BANK OF SRI
LANKA, AND INHERENT RISK EMBEDDED IN THE MICRO-FINANCE
SEGMENT.
READ ON
---------------

3.
TURNING A NEW PAGE IN THE LOCAL MOBILE PHONE SECTOR, SRI
LANKA TELECOM MOBITEL RECENTLY LAUNCHED A SINHALA AND TAMIL
SMS NEWS ALERT SERVICE TO THE LOCAL PUBLIC.

THE NEW INITIATIVE CONDUCTED IN COLLABORATION WITH “LANKA

PUWATH” THE NEWS PROVIDER IS SUPPORTED BY SCIENCE LAND
CORPORATION.

READ ON

4.
COCA COLA, ONE OF THE LEADING BEVERAGE PROVIDERS IN THE
COUNTRY, LAST WEEK LAUNCHED “MINUTE MAID” A WORLD-RENOWN
JUICE DRINK BRAND IN SRI LANKA.

SPEAKING AT THE LAUNCH, COUNTRY MANAGER OF COCA COLA, BASIL

GADZIOS SAID THE NEW PRODUCT HAS BROUGHT AN INVESTMENT OF 5
MILLION US DOLLARS IN TO SRI LANKA.

READ ON

5.
THE MINISTRY OF DEFENSE REQUESTS PUBLIC SUPPORT TO BUILD
FIFTY THOUSAND HOUSES FOR THE ARMED SERVICE PERSONNEL IN
THE TRI FORCES.

THE PROJECT LAUNCHED WITH THE SUPPORT OF THE CENTRAL BANK

IS TITLED “API WENUWEN API WEMU”.

DETAILS OF THE PROJECT WHICH IS ALREADY UNDERWAY WAS

EXPLAINED TO THE MEDIA RECENTLY IN COLOMBO.

READ ON

AND IN CORPORATE WRAP,

1.
MANSIONS HYPERMALL, SRI LANKA’S FIRST EVER BUILDING
MATERIAL SUPER MALL WAS OPENED IN NUGEGODA RECENTLY.
ADDRESSING THE MEDIA AT THE OPENING – S.C. WEERASEKERA,
GROUP DIRECTOR OF THE CAPITAL MAHARAJA ORGANIZATION LIMITED
SAID THAT THEY WILL EXPAND MANSIONS HYPERMALL OUTLETS TO
REACH AREAS OUTSIDE COLOMBO AS WELL.

----------------

2.
RICE IS SRI LANKA’S STAPLE DIET AND AROUND IT, SRI LANKA
HAS BUILT A RICH CULTURE AND A POWERFUL HERITAGE OF
RESPECT, DIGNITY AND GENEROSITY.

ELEVATING THE STATUS OF RICE IN THE MODERN MARKET CARGILLS

CEYLON LIMITED RECENTLY LAUNCHED CARGILLS RICE, WITH 8
DIFFERENT VARIANCES.

READ ON
--------------------

3.
SANGIUN SERVICES PVT LTD THE SOLE AGENTS FOR L’OREAL IN SRI
LANKA IN COLLABORATION WITH THE INTERNATIONAL LIONS CLUB IS
PLANNING TO AWARD FREE TECHNICAL TRAINING IN HAIRDRESSING
TO 100 YOUNG ADULT ORPHANS.

ACCORDING TO THE LIONS CLUB THE CANDIDATES WILL BE CHOSEN

FROM ORPHANAGES ACROSS THE COUNTRY AND WILL BE AWARDED AN
INTERNATIONALLY RECOGNIZED CERTIFICATE IN HAIR DRESSING
FOLLOWING A TRAINING CONDUCTED AT THE L’OREAL TECHNICAL
CENTRE.

SANGUIN SERVICES PVT LIMITED HAS COMMITTED 5 MILLION RUPEES

TOWARDS THIS CAUSE.
------------------------

ROLL VTR

WEEKLY FOCUS
WELCOME BACK TO BIZ ROUND UP.

CONVERTING COLOMBO INTO A WORLD CLASS LOGISTICS HUB, WILL

CARVE OUT A CLEARER PATH IN THE JOURNEY OF SRI LANKA’S
APPAREL SECTOR TOWARDS ACHIEVING 5 BILLION DOLLARS IN
EXPORT EARNINGS BY 2010, SAYS A TOP FIGURE IN THE APPAREL
SECTOR.
HE MADE THIS COMMENT AT A SEMINAR TITLED THE ‘LOGISTICS HUB
OF COLOMBO’

ROLL VTR

EXPERTS SAY THAT THE HIGH COST OF OPERATIONS, LOW

PRODUCTIVITY AND THE DEPRESSED MARKETING CONDITIONS IN THE
COLOMBO PORT HAVE ALREADY FORCED CARRIERS TO MOVE INTO
ALTERNATIVE PORTS.

THEY SAY THE COUNTRY IS LOSING A FAIR AMOUNT OF FOREIGN

EXCHANGE DUE TO THIS SITUATION.

ROLL VTR

STOX

LET’S JOIN DHARSHI GANESHAN AT BARTLEETS STOCK BROKERS FOR

A CLOSER LOOK AT THIS WEEK’S STOCK MARKET OPERATIONS.

ROLL VTR

AND THAT CONCLUDES BIZ ROUND UP FOR THIS WEEK….JOIN US

AGAIN AT THE SAME TIME NEXT SUNDAY…..THANK U FOR WATCHING….