ATTN: MR: CHANDIMA UDABAGE

RUNDOWN
THE STATE OF BUSINESS –2ND NOV, 2007

CHELVAN CARD NILANTHA 00.25

BRITISH DRY NISHANI 00.15

AMANA VTR LASHINI 01.40

ADD BUDGET BRIDGE

WORLD BANK VTR RIYAD 00.30

CALTEX VTR RIYAD 01.35

BREAK ONE - ADD STATE OF BUSINESS BRIDGE

COMPETITIVENESS VTR CHAMINDA 02.55

ADD CORPORATE BRIDGE

DIABETIC VTR LASHINI 01.25

AVIVA VTR NILANTHA 00.40

BREAK 2 – ADD STATE OF BUSINESS BRIDGE

ROUND UP VTR RIYAD 01.30

STOCK CARDS 01.15

CURRENCY CARDS 00.15

LINE UP EDITOR NISHANI

ANCHOR NISHANI
HEADLINES
1. LTTE POLITICAL WING LEADER S.P. THAMILCHELVAN
KILLED IN AIR STRIKES, AND
2. LOCAL ECONOMIST POINTS OUT SHORTCOMINGS IN THE
GLOBAL COMPETITIVENESS REPORT
1.SLUG:CHELVAN-CARD

LTTE POLITICAL WING LEADER S.P. THAMILCHELVAN WAS KILLED IN

AN AIR STRIKE CARRIED OUT BY AIR FORCE THIS MORNING.

THIS WAS CONFIRMED BY THE MEDIA CENTRE FOR NATIONAL

SECURITY.

ACCORDING TO THE MCNS HE HAS BEEN KILLED AT AROUND SIX A.M

WHEN THE SRI LANKA AIR FORCE FIGHTER JETS TARGETED
THIRUVAIARU, IN SOUTH OF KILLINOCHCHI, A VENUE IDENTIFIED
AS A LTTE LEADERS’ GATHERING POINT.

READ ON.

2. SLUG:BRITISH-CARD

DR. PETER HAYES HAS BEEN APPOINTED AS THE NEW BRITISH HIGH
COMMISSIONER TO SRI LANKA.

BRITISH HIGH COMMISSION IN A RELEASE ANNOUNCED THAT HE WILL

TAKE UP APPOINTMENT DURING JANUARY NEXT YEAR.

DR. HEYES SUCCEEDS DOMINICK CHILCOTT WHO WILL BE

TRANSFERRING TO ANOTHER DIPLOMATIC SERVICE APPOINTMENT.

READ ON…

3. SLUG:AMANA-VTR

NAMAL AMANA EQUITY FUND IS THE LATEST INVESTMENT OPTION

THAT WILL BE INTRODUCED TO THE LOCAL MARKET IN COMPLIANCE
WITH THE SHARIAH LAW.

A JOINT INITIATIVE OF NATIONAL ASSET MANAGEMENT AND AMANA

CAPITAL LTD, THE INITIAL PUBLIC OFFER FOR THIS SHARIAH
COMPLIANT FUND WILL COMMENCE ON THE 6TH OF THIS MONTH.
HSBC IS THE TRUSTEE AND CUSTODIAN OF THE NAMAL AMANA EQUITY
FUND WHICH IS LICENSED BY THE SECURITIES AND EXCHANGE
COMMISSION.

ROLL VTR

BUDGET

4.SLUG:WORLD BANK-VTR

DURING HIS TWO DAY VISIT TO SRI LANKA THE MANAGING DIRECTOR
OF THE WORLD BANK GRAHAM WHEELER STATED THAT FISCAL
DISCIPLINE IS THE BIGGEST AREA OF CONCERN IN THE UPCOMING
BUDGET.

ROLL VTR

5.SLUG:CALTEX-VTR

MEANWHILE WE SPOKE TO KISHU GOMES, MANAGING DIRECTOR OF

CHEVRON LUBRICANTS LANKA LIMITED FOR HIS VIEWS ON WHAT
AREAS RELATED TO THE LOCAL LUBRICANT MARKET NEED TO BE
ADDRESSED IN THE UPCOMING BUDGET.

ROLL VTR

BREAK
6.SLUG:COMPETITIVENESS–VTR

DR. SAMAN KELEGAMA A TOP LOCAL ECONOMISTS POINTS OUT THAT

THE GLOBAL COMPETITIVENESS REPORT PUBLISHED BY THE WORLD
ECONOMIC FORUM DOES NOT PROVIDE THE ACTUAL PICTURE OF A
COUNTRY’S STATUS.

KELEGAMA MADE THIS COMMENT WHILE SPEAKING AT A SEMINAR

ORGANIZED BY THE CEYLON CHAMBER OF COMMERCE TO DISCUSS THE
REPORT.

THE DISCUSSION WAS TITLED “HOW COMPETITIVE IS SRI LANKA FOR

BUSINESS”

ROLL VTR

CORPORATE

7.SLUG:DIABETIC–VTR

HEALTHY LIFE DIABETES CLINIC WILL CONDUCT A FREE DIABETES

HEALTH CAMP AND EXHIBITION THIS SUNDAY TO MARK ITS SECOND
ANNIVERSARY AND THE WORLD DIABETES DAY WHICH FALLS LATER
THIS MONTH.

AT PRESENT DIABETES HAS AFFECTED MORE THAN 15 PERCENT OF

THE COUNTRY’S POPULATION AND THE DISEASE IS NOW ON THE RISE
AMONG CHILDREN.

A PRESS CONFERENCE WAS HELD IN THIS REGARD IN COLOMBO THIS

MORNING.

ROLL VTR

8.SLUG:AVIVA–VTR

EAGLE INSURANCE‘S INAUGURAL “SAMAANA WORKSHOP” – AN

INITIATIVE TO ENHANCE THE KNOWLEDGE OF THE TEACHERS WHO
WORK WITH DISABLED CHILDREN WAS HELD IN COLOMBO RECENTLY.

ROLL VTR

BREAK

9.STOX
A HIGH LEVEL OF ACTIVITY WAS SEEN DURING TRADING TODAY.
ANALYSTS SAY THERE WAS SELECTIVE BUYING WHILE RETAILERS
DROVE TRADING.

TWO CROSSING TOOK PLACE FOR THE DAY AS ONE MILLION SHARES
OF NDB CHANGED HANDS AT 165 RUPEES AND 100,000 SHARES OF
JKH MOVED AT 130 RUPEES

THE HIGHEST VOLUME FOR THE WAS TRADED BY CEYLINCO SEYLAN

DEVELOPERS WHICH AMOUNTED TO 8.73 MILLION.
TESS AGRO FOLLOWED WITH 1.59 MILLION
WHILE NDB WAS NEXT IN LINE WITH 1.1 MILLION SHARES

THE DAY’S TURN OVER WAS TOPPED BY NDB WHICH CONTRIBUTED

182.25 MILLION AND WAS FOLLOWED BY CEYLINCO SEYLAN
DEVELOPERS AND JKH

FOREIGN BUYING FOR THE DAY WAS RECORDED AT 233.1 MILLION

RUPEES WHILE FOREIGN SALES AMOUNTED TO 52.97 MILLION

CARD 1
BOTH INDICES ENDED ON POSITIVE GROUNDS TODAY
THE ALL SHARE PICKED UP 16.6 POINTS TO END THE DAY 2,644.24
WHILE THE MILANKA CLOSED THE WEEK AT 3,558.73 AFTER PICKING
UP 29.38 POINTS

TURN OVER WAS AT 597.5 MILLION RUPEES

CARD 2
THE GAINERS LIST FOR THE DAY WAS TOPPED BY EQUITY TWO PLC,
THREE ACRE FARMS, ON’ALLY, TESS AGRO AND CEYLINCO
INVESTMENTS

CARD 3
WHILE SEYLAN MERCHANT, PARQUET, VIDULANKA, CIT AND FERN TEA
WERE THE MAIN LOSERS

THAKSHILA JOINS US FROM ASHA PHILLIPS FOR A RECAP OF THIS

WEEK’S TRADING

FOREX RATES
CARD 4
CARD 5
SEGMENT:MAIN
AIRED:2ND NOV
SHOT:2ND NOV
REPORTER:NISHANI
SLUG:BRITISH

DR. PETER HAYES HAS BEEN APPOINTED BRITISH HIGH

COMMISSIONER TO SRI LANKA. ACCORDING TO A PRESS RELEASE
ISSUED BY THE BRITISH HIGH COMMISSION HE IS TO TAKE UP
APPOINTMENT DURING JANUARY NEXT YEAR.

DR. HEYES SUCCEEDS DOMINICK CHILCOTT WHO WILL BE

TRANSFERRING TO ANOTHER DIPLOMATIC SERVICE APPOINTMENT.

READ ON…
SEGMENT : MAIN
DATE : 02/22/07
REPORTER : LASHINI
SLUG : AMANA - VTR

NAMAL AMANA EQUITY FUND IS THE LATEST INVESTMENT OPTION

THAT WILL BE INTRODUCED TO THE LOCAL MARKET IN COMPLIANCE
WITH THE SHARIAH LAW.

A JOINT INITIATIVE OF NATIONAL ASSET MANAGEMENT AND AMANA

CAPITAL LTD, THE INITIAL PUBLIC OFFER FOR THIS SHARIAH
COMPLIANT FUND WILL COMMENCE ON THE 6TH OF THIS MONTH.

HSBC IS THE TRUSTEE AND CUSTODIAN OF THE NAMAL AMANA EQUITY

FUND WHICH IS LICENSED BY THE SECURITIES AND EXCHANGE
COMMISSION.

ROLL VTR

INFO TAGS:

‘NAMAL AMANA EQUITY FUND’

One month Offer starts

on the 6th of this month

Minimum investment;
locals Rs.25,000 & for foreigners US$1000

SUPER:

Ian Ferdinands – Manager

Fixed Income Securities
National Asset Management Ltd.

IN:
OUT:
VOICE OVER – LASHINI – 02/11/07 – NAMAL-AMANA - VTR

THE NAMAL AMANA EQUITY FUND WILL OFFER 25 MILLION UNITS AT

10 RUPEES PER UNIT, OPEN TO BOTH LOCAL AND FOREIGN
INDIVIDUALS AS WELL AS CORPORATE INVESTORS.

IN THE EVENT OF AN OVERSUBSCRIPTION OF THE ISSUE IT MAY BE

INCREASED UP TO A MAXIMUM OF 50 MILLION UNITS

THIS CLOSE ENDED FUND WHICH HAS A MATURITY PERIOD OF FIVE

YEARS WILL OFFER ANNUAL DIVIDENDS FREE OF TAX.

FUND MANAGERS SAY THE FUND WILL NOT MAKE ANY SPECULATIVE
INVESTMENTS.

THIS IS THE FIRST ISLAMIC FINANCE RELATED FUND LAUNCHED IN

SRI LANKA AND FUND MANAGERS HOPE TO ATTRACT INVESTORS FROM
COUNTRIES SUCH AS INDIA AND PAKISTAN AND THE MIDDLE EAST.

12:17 - IAN
THE MAIN OBJECTIVE OF THE FUND IS TO ACHIEVE MEDIUM AND
LONG TERM CAPITAL APPRECIATION AND IT WILL BE INVESTED
MAINLY IN SELECTED SHARIAH COMPLIANCE SECURITIES.
ADDITIONALLY WE WILL ALSO LOOK AT GENERATING INCOME TO
DISTRIBUTE AT OUR ANNUAL DIVIDENDS 12:37********12:40 IN
ORDER TO ACHIEVE THIS THE FUND WILL INVEST IN SHARIAH
COMPLIANT EQUITY SECURITIES THAT ARE ON THE COLOMBO STOCK
EXCHANGE ALSO SHAIRAH COMPLIANT INCOME GENERATING SECURITIES
12:51

THE FUND MANAGERS SAY SRI LANKA HAS IMMENSE OPPORTUNITIES

TO EXPLORE IN THE EMERGING ISLAMIC FINANCE SECTOR HOLDS
WHICH IS NOW GROWING AT 20 PERCENT, GLOBALLY.

ENDS/
SEGMENT: CORPORATE
DATE: 02/11/07
REPORTER: NK
SLUG: AVIVA – VTR

EAGLE INSURANCE‘S INAUGURAL “SAMAANA WORKSHOP” – AN

INITIATIVE TO ENHANCE THE KNOWLEDGE OF THE TEACHERS WHO
WORK WITH DISABLED CHILDREN WAS HELD IN COLOMBO RECENTLY.

ROLL VTR

‘EAGLE SAMANA’

IN:
OUT:

VOICE OVER/NILANTHA/AVIVA/2ND NOV

‘EAGLE SAMAANA’ HAS BEEN IMPLEMENTED IN COLLABORATION WITH

THE MINISTRIES OF EDUCATION, SOCIAL WELFARE AND CHILD
DEVELOPMENT AND WOMEN’S EMPOWERMENT.

ADDRESSING THE GATHERING, THE MANAGING DIRECTOR OF EAGLE

INSURANCE, DEEPAL SOORIYAARACHCHI SAID ‘EAGLE SAMANA IS A
PART OF THE COMPANY’S CORPORATE SOCIAL RESPONSIBILITY
STRATEGY WHICH HAS BEEN DESIGNED TO ENHANCE THE WELL-BEING
OF THE NATION AT LARGE.

HE ALSO SAID THE INAUGURAL WORKSHOP WILL BE FOLLOWED BY A

SERIES OF REGIONAL WORKSHOPS WHICH BE MORE FOCUSED AND
INTERACTIVE.

ENDS/
SEGMENT: BUDGET
DATE: 2ND NOVEMBER 2007
REPORTER: RIYAD R.
EDITOR: NISHANI
SLUG: MANUFACTURING

WITH THE NATIONAL BUDGET JUST 5 DAYS AWAY, WE SPOKE TO

KISHU GOMES, MANAGING DIRECTOR OF CHEVRON LUBRICANTS LANKA
LIMITED FOR HIS VIEWS ON WHAT AREAS RELATED TO THE LOCAL
LUBRICANT MARKET NEED TO BE ADDRESSED IN THE UPCOMING
BUDGET.

super

Kishu Gomes
Managing Director
Chevron Lubricants Lanka Limited
SEGMENT: MAIN
DATE: 02 / 11 / 2007
REPORTER: CHAMINDA
SLUG: COMPETITIVENESS – VTR

DR. SAMAN KELEGAMA A TOP LOCAL ECONOMISTS POINTS OUT THAT

THE GLOBAL COMPETITIVENESS REPORT PUBLISHED BY THE WORLD
ECONOMIC FORUM IS OUTDATED AND DOES NOT PROVIDE THE ACTUAL
PICTURE OF A COUNTRY’S STATUS.

KELAGAMA MADE THIS COMMENTS WHILE SPEAKING AT A SEMINAR

ORGANIZED BY THE CEYLON CHAMBER OF COMMERCE TO DISCUSS THE
REPORT.

THE DISCUSSION WAS TITLED “HOW COMPETITIVE IS SRI LANKA FOR

BUSINESS”

ROLL VTR

Dr. Saman Kelegama – Exective Director

Institute of policy studies

GLOBAL COMPETITIVENESS REPORT

SL Ranked 70 out of 131 countries

VOICE OVER – COMPETITIVENESS – CHAMINDA – 02 / 11

THE WORLD ECONOMIC FORUM IN ITS GLOBAL COMPETITIVENESS

REPORT FOR 2007 – 2008 HAS RANKED SRI LANKA AT THE 70TH
PLACE OUT OF 131 COUNTRIES.

THIS IS AN IMPROVEMENT COMPARED TO LAST YEAR IN WHICH SRI

LANKA STOOD AT THE 81ST POSITION OUT OF 122 NATIONS.

THE REPORT SAYS THAT SRI LANKA POSSESS COMPETITIVE

ADVANTAGE IN AREAS SUCH AS HEALTH AND PRIMARY EDUCATION,
GOODS MARKET EFFICIENCY, STRENGTH OF AUDITING AND REPORTING
STANDARDS, AND THE RATE OF HIV PREVALENCE AMONG MANY OTHERS.

IT IDENTIFIES POLICY INSTABILITY, INFLATION, INEFFICIENT

GOVERNMENT BUREAUCRACY, INADEQUATE SUPPLY OF INFRASTRUCTURE
AND CORRUPTION AS THE MOST PROBLEMATIC AREAS WHEN DOING
BUSINESS IN SRI LANKA.

IT IS IN THIS CONTEXT, THE CREDIBILITY OF THE REPORT WAS

QUESTIONED BY A LOCAL ECONOMISTS DR. SAMAN KELAGAMA LAST
EVENING.

AMONG THE EXAMPLES CITED BY HIM WAS THE RANKING THE REPORT
HAS GIVEN TO SRI LANKA ON MOBILE TELEPHONE SUBSCRIBERS,
INTERNET USERS AND PERSONAL COMPUTERS USERS.

33.48
HOW THIS COULD BE THE CASE, BECAUSE IF YOU LOOK AT THE
MOBILE SECTOR IT IS ONE OF HE DYNAMICALLY GROWING SECTOR,
AND IN THIS COUNTRY SAMPLE IF THERE WERE SUB SAHARAN
AFRICAN COUNTRIES AND 55 LDC’S IN THS WORLD, WE ARE
CERTAINLY ABOVE IN THIS MOBILE USE AND INTERNET AND
COMPUTER USE. A QUESTION 34.32
35.14
ALSO VENTURE CAPITAL AVAILABILITY WE HAVE GOT COMPARATIVE
ADVANTAGE, THAT MEANS WE ARE DOING WELL, I FIND THIS A BIT
DIFFICULT TO UNDERSTAND HOW IN A SAMPLE OF COUNTRY WE CAN
BE DOING WELL35.33

KELAGAMA IS OF THE VIEW THAT THE REPORT HAS TECHNICAL

SHORTCOMINGS SUCH AS THE SURVEY METHODOLOGY AND THE SAMPLE
SIZE USED AMONG MANY OTHERS.
37.17
THE GLOBAL COMPETITIVENESS INDEX THOUGH IT HAS
SHORTCOMINGS, IN THE ABSENCE OF A ALTERNATIVE INDICATOR, IT
IS ACCEPTABLE INDICATOR. THIS IS LIKE SRI LANKA CONSUMER
PRICE INDEX, WE ALL KNOW IT IS BASED ON A OUTDATED 1952
BASKET OF CURRENCY., FOOD BASKET IS ABOUT 65 PERCENT IN
THAT INDEX37.46

ACCORDING TO HIM THIS REPORT IS USED BY MULTINATIONAL

FIRMS, RATING AGENCIES AND INTERNATIONAL DONORS TO ASSESS A
PARTICULAR COUNTRY’S SITUATION PRIOR TO MAKING BUSINESS
DECISIONS.

ENDS.
SEGMENT : MAIN
DATE : 02/11/07
REPORTER : LASHINI
SLUG : HEALTHYLIFE – VTR

HEALTHY LIFE DIABETES CLINIC WILL CONDUCT A FREE DIABETES

HEALTH CAMP AND EXHIBITION THIS SUNDAY TO MARK ITS SECOND
ANNIVERSARY AND THE WORLD DIABETES DAY WHICH FALLS LATER
THIS MONTH.

AT PRESENT DIABETES HAS AFFECTED MORE THAN 15 PERCENT OF

THE COUNTRY’S POPULATION AND THE DISEASE IS NOW ON THE RISE
AMONG CHILDREN.

ACCORDING TO THE W.H.O. THE TOTAL NUMBER OF PEOPLE WITH

DIABETES IS EXPECTED TO DOUBLE BY 2030 AND THE HIGHEST RATE
OF INCREASE IS SEEN IN THE SOUTH ASIAN REGION.

A PRESS CONFERENCE WAS HELD IN THIS REGARD IN COLOMBO THIS

MORNING.

ROLL VTR

Info Tags:

Free Diabetic Clinic

4th November at BMICH at 9:00am

Supers:

Mr. Govinda Samy – Director

Healthy Life
VOICE OVER – LASHINI – 02/11/07 – HEALTHY LIFE – VTR

THE EXHIBITION IS AIMED AT RAISING AWARENESS ABOUT THE

RISING OCCURRENCE OF DIABETES AMONG CHILDREN AND
ADOLESCENTS.

THE EVENT WILL INCLUDE FREE BLOOD SUGAR TESTING, COOKING

AND EXERCISE DEMONSTRATIONS AS WELL QUIZZES ON HEALTHY
EATING AND GAMES AND MAGIC SHOWS FOR KIDS.

DURING THE EVENT MEDICAL, DENTAL AND EYE EXAMINATIONS WILL

BE PROVIDED FREE OF CHARGE FOR DIABETES AFFECTED CHILDREN
AND TEENAGERS.

17:49
WE CAN EXPECT KNOWING WHAT THE SITUATION IS IN THIS LAND
THE STATE HAS SO MUCH THAT IT CAN DO IN SO MANY DIFFERENT
WAYS THAT’S WHY I FEEL AS A PRIVATE CITIZEN WE ALSO AND THE
COMPANIES THAT HAVE JOINED AS IN THIS CAUSE THAT WE NEED TO
TAKE THIS MESSAGE FORWARD.
18:17

ENDS.
SEGMENT:MAIN
AIRED:2ND NOV
SHOT:31ST OCT
REPORTER:NISHANI
SLUG:UNDP

WHILE ASIA HAS GROWN RAPIDLY AT 7 PERCENT A YEAR OVER THE

LAST DECADE, IT STILL CONTAINS A STAGGERING 60 PERCENT OF
THE WORLD’S POOR.

IT IS IN THIS LIGHT THAT THE UNPD HELD A CONFERENCE IN

COLOMBO WHICH TOOK IN TO DISCUSSION TWENTY OUTSTANDING AND
REPLICABLE EXAMPLES OF POVERTY REDUCTION FROM OVER 15
COUNTRIES ACROSS ASIA AND ELSEWHERE INCLUDING SRI LANKA.

ROLL VTR

Super

Omar Noman
Chief – Policies and Programmes
UNDP

Gamini P. Batuwitage
CEO/Project Director
Community Development & Livelihood Improvement Project
VOICE OVER/NISHANI/UNDP/31ST OCT

AROUND 100 PARTICIPANTS FROM OVER 20 COUNTRIES INCLUDING

DEVELOPMENT ECONOMISTS, POVERTY SPECIALISTS, CIVIL SOCIETY
LEADERS AND ACTIVISTS AND GOVERNMENT OFFICIALS CAME
TOGETHER TO DEBATE WHAT MAKES A GOOD PRACTICE AND HOW IT
CAN BE SCALED AND REPLICATED IN THEIR COUNTRIES.

THE CASE STUDIES FEATURED AT THE CONFERENCE COVERED DIVERS

ISSUES RANGING FROM HOUSING AND TOURISM TO SOCIO ECONOMIC
EMPOWERMENT OF WOMEN AND HEALTH INSURANCE.

SPEAKING TO ART TV THE UNDP CHIEF OF POLICY AND PROGRAMS

OMAR NOMAN SAID SRI LANKA NEEDS TO ADOPT A BROAD BASED
GROWTH PATTERN IN ITS MISSION TO TOWARDS ACHIEVING POVERTY
REDUCTION.

NOMAN
12.26
COLOMBO AND SURROUNDING AREAS ARE BOOMING, GROWTH IS VERY
HIGH, POVERTY REDUCTION IS AGGRESSIVE BUT OTHER REGIONS ARE
BEING LEFT BEHIND AND THAT IS WHERE THE SERIOUS POCKETS OF
POVERTY ARE ENTRENCHED. SO THAT NEEDS TO BE ADDRESSED.
12.45
++
THE SECOND ISSUE IS INEQUALITY. GROWING INEQUALITY IS A
CONCERN IN MANY ASIAN COUNTRIES INCLUDING SRI LANKA. THE
LEVELS OF INCREASED INEQUALITY IS POTENTIALLY QUITE
DANGEROUS SOCIALLY
13.25

THE CASE STUDY PRESENTED BY SRI LANKA WAS BASED ON THE

GEMIDIRIYA PROJECT WHICH IS CURRENTLY RUNNING ITS
SUCCESSFUL 3RD YEAR.

GEMIDIRIYA WHICH IS A COMMUNITY BASED PROJECT IS

IMPLEMENTED IN 836 VILLAGES WITH VILLAGE ORGANIZATIONS FOR
EACH VILLAGE REGISTERED UNDER THE COMPANY’S ACT. THE
PROGRAM HAS EMPOWERED OVER 800,000 PEOPLE TO CONTRIBUTE TO
THE COUNTRY’S ECONOMY.
GAMINI
(18.10)
THE PEOPLE SAVE ONE RUPEE A DAY AND THAT’S VERY IMPORTANT.
IT’S A MASSIVE SAVINGS CAMPAIGN, BECAUSE WE NOW HAVE A
DOMESTIC SAVINGS RATIO OF 19%. WE NEED AT LEAST 30% TO GO
TO A 8% GROWTH RATE
++
(18.34)
THEY HAVE NOW SAVED 91 MILLION RUPEES DURING THE PAST 3
YEARS. THEY HAVE INVESTED 447 MILLION WITHIN THE VILLAGE
ECONOMY. SO MONEY GOING TO THE VILLAGE, THEY SAVE THEY
INVEST, THE PEOPLE MAKING DECISIONS, THEY ARE EMPOWERED
COMMUNITIES
(18.58)

IMPRESSED BY THE SUCCESS OF THE GEMIDIRIYA THE WORLD BANK

HAS AGREED TO GRANT 51 MILLION DOLLARS FOR ITS 4TH YEAR OF
IMPLEMENTATION AND A FURTHER 181 MILLION DOLLARS BASED ON
SUCCESS.
SEGMENT: MAIN
DATE: 2ND QUARTER
REPORTER: RIYAD R.
EDITOR: NISHANI
SLUG: WORLD BANK

WITH THE BUDGET LOOMING IN THE CORNER THE MANAGING DIRECTOR

OF THE WORLD BANK GRAHAM WHEELER STATED THAT FISCAL
DISCIPLINE IS THE BIGGEST AREA OF CONCERN IN THE UPCOMING
BUDGET.
SEGMENT: MAIN
DATE: 2ND NOV
REPORTER: RIYAD R.
SLUG: CHELVAN: CARD

THE MEDIA CENTRE FOR NATIONAL SECURITY SAYS THAT THAT LTTE
POLITICAL WING LEADER S.P. THAMILCELVAN WAS KILLED DURING
THE AIR STRIKES CARRIED OUT BY AIR FORCE FIGHTER JETS THIS
MORNING ON KILINOCHCHI.

THE MCNS SAID SRI LANKA AIR FORCE JETS TARGETED

THIRUVAIARU, IN SOUTH OF KILLINOCHCHI, IDENTIFIED AS A
VENUE LTTE LEADERS GATHER AT 6.00 A.M.

READ ON.

CARD: AIR STRIKES KILL LTTE POLITICAL WING LEADER – MCNS