AIT and Asian University launch first of its kind 5-Year Unified

Leading the way in innovation for education, The Asian Institute of Technology (AIT) has launched a Five-Year Unified International Bachelor’s-Master’s Degree Program with the Asian University (AU).
The new joint program is the first of its kind in Thailand and provides a fast-track opportunity to complete a bachelor’s degree and master’s degree recognized by both schools in less time and at lower cost than traditional programs.

According to the memorandum of agreement (MoA) signed on 27 September by the President of AIT, Prof. Said Irandoust, and the President of AU, Dr. Viphandh Roengpithya, at the celebration of AU’s 10th Anniversary, the strategic tie-up will cover the academic fields of information systems engineering and electrical and electronic engineering. The AIT-AU partnership agreement is expected to produce world-class research scientists and engineers in computer science and telecommunications.

“We are delighted that AIT and the Asian University have agreed to collaborate to offer this first of its kind Five-Year Unified International Bachelor’s-Master’s Degree Program in Thailand. This unique and innovative academic program in computer science and telecommunications brings together the synergies of our two fine
institutions and will benefit all our students immensely,” AIT President Irandoust said at the signing ceremony.

Spread over five years, the program will operate in two phases. Phase one will see participating students spend their first three-and-a-half years of bachelor’s level study at Asian University, located in Chonburi. The accelerated nature of the new curriculum will allow undergraduate students to earn up to 12 master’s level credits by taking advanced level courses, thus eliminating half a year of total course work. Students possessing an accumulative GPA of 3.00 will then enroll at AIT’s campus located in Pathumthani for their last one-and-a-half years of graduate level study leading to a master’s degree.

Officials of both academic institutions stressed the international character of this program. While at AIT, students will study with world-class faculty and scientists using only English, and join students from as many as fifty countries at one of Asia’s most multicultural graduate institutes. The curriculum will be developed and
finalized by both institutions.

Former Prime Minister of Thailand, H.E. Mr. Anand Panyarachun, KBE, who is the founding chair of Asian University, and the former Chairman of the AIT Board of Trustees from 2000-2006, also attended the MoA singing ceremony.

Fitch Affirms Citibank N.A. Colombo's 'AAA(lka)' National Long-Term Rating

Fitch Ratings has today affirmed the 'AAA(lka)' National Long-term rating assigned to Citibank N.A.- Colombo Branch (CitiSL). The Outlook remains Stable.
CitiSL is a branch and part of the same legal entity as Citibank N.A. ('AA-' (AA minus)/Rating Watch Negative), which is a fully-owned subsidiary of Citigroup Inc. As such, CitiSL's rating factors in the financial strength of Citibank N.A. which is currently rated higher than the sovereign long-term foreign currency issuer default rating of 'B+'/Stable.
The bank's performance has improved considerably over the last two years. Profits increased by 86.8% yoy in FY07 (6.2% in FY06) and ROA improved to 2.5% in FY07 (FY06: 1.6%), on the back of steady growth in net interest margins (NIM) and rapid increases in non-interest income. Non-interest income has been an important contributor to CitiSL's profits in recent periods with the bank's growing trade finance and investment banking business generating increased revenues in terms of fee and commission income. High fee and commission income earned on the structuring and sale of hedging derivatives also played a particularly important role in H108, causing annualised ROA to rise further to 5.8%.
NIMs have historically been lower than the sector due to CitiSL's large corporate and government loan exposure where margins are generally thinner. However, margins have moved inline with the private licensed commercial bank (LCB) sector since FYE07, and rose to 6.3% in H108 from 4.9% in FY07 (FY06: 4.3%). This is mainly on account of re-pricing within the bank's loan portfolio and increased investments in higher yielding assets.
Due to its stringent credit evaluation criteria and strategic focus, CitiSL's loan exposure has continuously remained at the top end of the credit spectrum. At H108, 85% of loans were to large corporates and 14.5% to the Government of Sri Lanka (GoSL) and GoSL-owned entities. The bank's gross NPL ratio was 0.5% at H108 (0.5% at FY07) and NPLs are fully covered by specific provisions resulting in a zero net NPL/equity ratio.
While CitiSL's selective lending policies have enabled the bank to maintain a healthy loan portfolio - with a gross NPL ratio that is amongst the lowest in the local LCB sector, it has nevertheless resulted in some credit concentration within the lending portfolio. The bank's 20 largest group borrowers accounted for 82% of total loans at H108 (85% at FYE07). As a result, the loan book is susceptible to some fluctuations upon loan settlement. Loan growth was 69.8% yoy at FYE07 and followed a contraction of 21.2% yoy at FYE06.
The bank's asset book is funded primarily from deposits (43.3% at H108), with borrowings at 26.4% at H108 and equity at 20.7% at H108. Furthermore, deposit concentration is high, with the top 20 depositors accounting for 75% of deposits at H108 as deposits are predominantly from corporate and institutional sources.
CitiSL was established in 1979 and functions through a single branch in Colombo. The bank operates within a niche market comprised of multinationals, leading Sri Lankan corporates and the GoSL. It is the third largest foreign bank and accounted for 1.6% of Sri Lankan LCB assets at FYE07.

Navy Elites destroy two LTTE boats- Pooneryn

The elite Special Boat Squadron (SBS) sailors of Sri Lanka Navy attacked and destroyed two LTTE assault boats, appeared off Pooneryn Sea last night (Sept 29), Navy sources said.

According to the sources, SBS boats patrolling in area detected the two LTTE boats moving close to the coast from Pooneryn to Kalmunai point (K-point) around 11 PM. The SBS sailors launched a surprise attack at the terror boats and confirmed both boats were destroyed, the sources said.

The sources citing the SBS reports added that there were 8 LTTE cadres onboard and confirmed all were killed in the attack. A search operation has been launched in the area.

At least 50 terrorists killed, over 20 injured in yesterday's confrontations at Wanni

Terrorist casualties were observed on the rise according to Wanni battlefield reports as security forces were making their presence felt at the corridor of Kilinochchi, in the verge of mounting a full fledged assault at the Tiger heartland.

Pitched fighting is expected in the forthcoming weeks as troops have taken on positions to flush out the last LTTE presence in the bastion Kilinochchi township, after a decade, defence observers state. Tension prevails according to reliable information within LTTE ranks, after Army Chief Lt. General Sarath Fonseka declared to launch the first rounds at Kilinochchi, this week, addressing a gathering on Thursday (25).

According to finalized military reports received, at least 50 terrorists were killed and 22 others wounded in yesterday's (Sep 29) fighting, at the Kilinochchi and Mullaittivu battle fronts. The surge of LTTE battlefield losses recently, pronounce, of what is expected to come, the observers added.

"Overall, this is totally quite different from what the LTTE and its pay masters had anticipated, taking consideration into its campaign to portrait a 'humanitarian catastrophe' in Wanni. Both the Tamil and International community has shown great resilience keeping faith in the government's stance to liberate thousands stranded with LTTE", he further said.

10 soldiers have laid their lives and 32 others wounded during confrontations with LTTE on Monday.

At the combined Vavuniya - Mullaittivu battlefront, troops clashed with LTTE in several locations reportedly killing 22 terrorists and injuring 2 others. According to reports troops clashed with LTTE at Veddamakilam, Akkarayankulama North, Kokavil North and Palamoddai general areas.

11 terrorists were killed ambushed in general area North of Kokavil, at around 1.25p.m., according to reports. Meanwhile, troops have recovered a decomposed LTTE body along-with 2 T-56 assault riffles, a map and an I-com set during a search operation conducted in general area West of Akkarayankulama. Meanwhile, troops while consolidating defences North West of Mankulama, have come across a barren land stretch, bearing construction signs of a heli-landing pad. This site was earlier targeted by the Air force jets on several occasions, which was used as a training ground for LTTE suicide bombers, military said.

At Kilinochchi battlefront, at Manniyakulama troops repulsed an LTTE counter attack while consolidating defences in the area, at around 10.30a.m. 5 soldiers also laid their lives and 12 others were reported wounded in the fighting, military said.

Separately, troops have recovered an LTTE terrorist body subsequent to a confrontation in general area Kariyalaimodai, at 7a.m. Troops also uncovered a T-56 assault riffle and 3 hand grenades in the search operation.

Meanwhile, troops of the 59 Division operating in general area North of Andankulama confronted have confronted with LTTE in several occasion, reportedly killing 11, while injuring 20 others. According to reports, 5 soldiers have laid their lives and 18 wounded in the confrontations.

In general area Andankulama, troops forced into 8 LTTE bunkers and a 75m length trench line seizing total control, also capturing a haul of weapons from LTTE.At least 50 terrorists killed, over 20 injured in yesterday's confrontations at Wanni

Terrorist casualties were observed on the rise according to Wanni battlefield reports as security forces were making their presence felt at the corridor of Kilinochchi, in the verge of mounting a full fledged assault at the Tiger heartland.

Pitched fighting is expected in the forthcoming weeks as troops have taken on positions to flush out the last LTTE presence in the bastion Kilinochchi township, after a decade, defence observers state. Tension prevails according to reliable information within LTTE ranks, after Army Chief Lt. General Sarath Fonseka declared to launch the first rounds at Kilinochchi, this week, addressing a gathering on Thursday (25).

According to finalized military reports received, at least 50 terrorists were killed and 22 others wounded in yesterday's (Sep 29) fighting, at the Kilinochchi and Mullaittivu battle fronts. The surge of LTTE battlefield losses recently, pronounce, of what is expected to come, the observers added.

"Overall, this is totally quite different from what the LTTE and its pay masters had anticipated, taking consideration into its campaign to portrait a 'humanitarian catastrophe' in Wanni. Both the Tamil and International community has shown great resilience keeping faith in the government's stance to liberate thousands stranded with LTTE", he further said.

10 soldiers have laid their lives and 32 others wounded during confrontations with LTTE on Monday.

At the combined Vavuniya - Mullaittivu battlefront, troops clashed with LTTE in several locations reportedly killing 22 terrorists and injuring 2 others. According to reports troops clashed with LTTE at Veddamakilam, Akkarayankulama North, Kokavil North and Palamoddai general areas.

11 terrorists were killed ambushed in general area North of Kokavil, at around 1.25p.m., according to reports. Meanwhile, troops have recovered a decomposed LTTE body along-with 2 T-56 assault riffles, a map and an I-com set during a search operation conducted in general area West of Akkarayankulama. Meanwhile, troops while consolidating defences North West of Mankulama, have come across a barren land stretch, bearing construction signs of a heli-landing pad. This site was earlier targeted by the Air force jets on several occasions, which was used as a training ground for LTTE suicide bombers, military said.

At Kilinochchi battlefront, at Manniyakulama troops repulsed an LTTE counter attack while consolidating defences in the area, at around 10.30a.m. 5 soldiers also laid their lives and 12 others were reported wounded in the fighting, military said.

Separately, troops have recovered an LTTE terrorist body subsequent to a confrontation in general area Kariyalaimodai, at 7a.m. Troops also uncovered a T-56 assault riffle and 3 hand grenades in the search operation.

Meanwhile, troops of the 59 Division operating in general area North of Andankulama confronted have confronted with LTTE in several occasion, reportedly killing 11, while injuring 20 others. According to reports, 5 soldiers have laid their lives and 18 wounded in the confrontations.

In general area Andankulama, troops forced into 8 LTTE bunkers and a 75m length trench line seizing total control, also capturing a haul of weapons from LTTE.At least 50 terrorists killed, over 20 injured in yesterday's confrontations at Wanni

Terrorist casualties were observed on the rise according to Wanni battlefield reports as security forces were making their presence felt at the corridor of Kilinochchi, in the verge of mounting a full fledged assault at the Tiger heartland.

Pitched fighting is expected in the forthcoming weeks as troops have taken on positions to flush out the last LTTE presence in the bastion Kilinochchi township, after a decade, defence observers state. Tension prevails according to reliable information within LTTE ranks, after Army Chief Lt. General Sarath Fonseka declared to launch the first rounds at Kilinochchi, this week, addressing a gathering on Thursday (25).

According to finalized military reports received, at least 50 terrorists were killed and 22 others wounded in yesterday's (Sep 29) fighting, at the Kilinochchi and Mullaittivu battle fronts. The surge of LTTE battlefield losses recently, pronounce, of what is expected to come, the observers added.

"Overall, this is totally quite different from what the LTTE and its pay masters had anticipated, taking consideration into its campaign to portrait a 'humanitarian catastrophe' in Wanni. Both the Tamil and International community has shown great resilience keeping faith in the government's stance to liberate thousands stranded with LTTE", he further said.

10 soldiers have laid their lives and 32 others wounded during confrontations with LTTE on Monday.

At the combined Vavuniya - Mullaittivu battlefront, troops clashed with LTTE in several locations reportedly killing 22 terrorists and injuring 2 others. According to reports troops clashed with LTTE at Veddamakilam, Akkarayankulama North, Kokavil North and Palamoddai general areas.

11 terrorists were killed ambushed in general area North of Kokavil, at around 1.25p.m., according to reports. Meanwhile, troops have recovered a decomposed LTTE body along-with 2 T-56 assault riffles, a map and an I-com set during a search operation conducted in general area West of Akkarayankulama. Meanwhile, troops while consolidating defences North West of Mankulama, have come across a barren land stretch, bearing construction signs of a heli-landing pad. This site was earlier targeted by the Air force jets on several occasions, which was used as a training ground for LTTE suicide bombers, military said.

At Kilinochchi battlefront, at Manniyakulama troops repulsed an LTTE counter attack while consolidating defences in the area, at around 10.30a.m. 5 soldiers also laid their lives and 12 others were reported wounded in the fighting, military said.

Separately, troops have recovered an LTTE terrorist body subsequent to a confrontation in general area Kariyalaimodai, at 7a.m. Troops also uncovered a T-56 assault riffle and 3 hand grenades in the search operation.

Meanwhile, troops of the 59 Division operating in general area North of Andankulama confronted have confronted with LTTE in several occasion, reportedly killing 11, while injuring 20 others. According to reports, 5 soldiers have laid their lives and 18 wounded in the confrontations.

In general area Andankulama, troops forced into 8 LTTE bunkers and a 75m length trench line seizing total control, also capturing a haul of weapons from LTTE.

Troops March Forward Sacrificing Their Lives

WANNI: AS the fourth “Eelam” war was entering a decisive phase with KILINOCHCHI almost in sight, pitched confrontations in the WELIOYA sector under 59 Division, Task Force I and Task Force II troops in KILINOCHCHI and north of VAVUNIYA continued for another day on Monday (29) bringing further losses to the enemy.

During these clashes, troops smashed six bunkers and a few bunker lines in PALAMODDAI, AKKARAYANKULAM, ANDANKULAM and KARIYALAMODDAI areas. Troops also after those clashes found one dead Tiger terrorist, two T-56 weapon, ten hand grenades, 1700 T-56 ammunition rounds, 100 Multi Purpose Machine Gun (MPMG) rounds, two claymore mines, two MPMG links, twelve field dressings, two terrorist uniforms and several food items.

At least thirty-nine Tiger terrorists lost their lives, unable to face the fire-power of the troops during those clashes. Fifty-two more Tigers suffered injuries in the fighting that occurred in above areas.

Five soldiers including one officer made the supreme sacrifice during clashes at VANNARIKULAM and ANDANKULAM on Monday (29). Nineteen brave soldiers injured in the fighting were evacuated to hospitals.

Meanwhile, troops serving PALAUTTU in the eastern port city of TRINCOMALEE found one T-56 weapon from the St. Lurdu church graveyard on Monday (29).

Troops Locate Terrorists’ Clandestine Airstrip; A Major Breakthrough

MULLAITTIVU: 57 DIVISION troops, now dominating north of VANNIVILANKULAM located an LTTE airstrip this afternoon (30) from the general area of PANIKKANKULAM, about 7 km north-west of MANKULAM and about 500 m to the west of A-9 road when the troops brought the area under their control.

The location of this 500 m long airstrip, believed to have been perhaps used by terrorists for landing of their light aircraft in any emergency, struck a major blow to their escalation of terrorist acts. It is also believed the airstrip could have also been used as an open parking space or a hangar, in a way.

Murikandy Terrorists Felled

WANNI: TROOPS operating in the general area west of KOKAVIL observed a terrorist movement, closer to captured MURIKANDY Railway Station this morning (30) and fired at them using small arms. The troops confirmed that three terrorists were killed.

Murikandy Terrorists Felled

WANNI: TROOPS operating in the general area west of KOKAVIL observed a terrorist movement, closer to captured MURIKANDY Railway Station this morning (30) and fired at them using small arms. The troops confirmed that three terrorists were killed.

Lorry in Food Convoy Offers C-4 Explosives

OMANTHAI: A METICULOUSLY planned clandestine operation of losing Tiger terrorists was once again exposed this evening (30) at about 3.30 p.m. at the OMANTHAI cross-loading point when one of the lorries, hired by VAVUNIYA District Secretary for transport of essentials to Internally Displaced Persons (IDPs), had 2.5 kg of C-4 explosives in its driver’s possession.

Initial investigations revealed that the lorry driver, an apparent suspected proxy to the terrorists had kept those explosives, meticulously concealed amidst food stocks that were to make for un-cleared areas as part of a convoy of thirty lorries, hired by the VAVUNIYA District Secretariat.

A total convoy of sixty lorries with essentials are expected to cross the OMANTHAI gateway by Thursday (2) evening, following an understanding that has been made between the Government and World Food Programme (WFP). Thirty lorries of the total fleet have been hired by the WFP.

The lorry driver in question during interrogations after detection has admitted to concealing the explosives, but the Security Forces subjected the lorry for a thorough inspection and finally found a makeshift false compartment that has been fixed after welding it thoroughly.

At the time this story was pasted, the lorry has been taken away for further investigations along with the driver.

Sri Lanka Central Bank to Give Guidance to Market, Cabraal Says

By Anusha Ondaatjie

Sri Lanka's central bank plans today to give ``some guidance'' to the market amid a global stocks rout prompted by the rejection of a $700 billion bank rescue plan by U.S. lawmakers, Governor Nivard Cabraal said.

``We are monitoring the global situation and after looking at our inflation numbers today, there are some responses we will be making,'' Cabraal said in a telephone interview from Colombo.

The U.S. House of Representatives rejected the legislation yesterday in a 228 to 205 vote, sending the Dow Jones Industrial Average tumbling 778 points for its biggest point drop ever and extending the worst global sell-off in 21 years. Senators say they have no choice but to revive the measure, which is designed to restore confidence in the U.S. banking system.

``The bailout package will have to come as the risk is far too great for the U.S. to go without it,'' Cabraal said. ``The markets shouldn't act in such a panic.''

The Sri Lankan central bank plans to make an announcement later today after the statistics department reports September's inflation rate, Cabraal said.

``Overall we have seen the market reaction to our monetary policy with inflation easing,'' the governor said. ``We will also want to let them know the expectations going forward.''

Consumer prices in the capital Colombo rose 24 percent in September from a year earlier, after increasing 24.9 percent in August, according to the median estimate of nine analysts in a Bloomberg News survey. The statistics department will announce the figure at 3:00 p.m. local time today.

Sri Lanka policy makers have kept monetary policy tight by reducing the amount of funds in the banking system.

The central bank this month said rising food production and easing global commodity markets, along with ``demand-management measures,'' will help further ease price pressures after inflation slowed for a second month in August.

Lawyers take to the streets

Lawyers in the Supreme Court showed solidarity with colleague J.C. Weliamuna and staged a protest this afternoon (Sept. 30th) to condemn the hand grenade attack on his home two days ago.

They marched from Hulftsdorp Courts Complex to Keselwatte Junction.

Speaking here, Bar Association President Upul Jayasuriya said the anti-corruption and human rights crusade by Mr. Weliamuna would not be halted by harming his life.

Not just 100 or 500, more than 5,000 individuals of the calibre of Mr. Weliamuna will take that campaign forward, he said.

The BASL chief said the IGP should not take this attack lightly and must bring the culprits to book and ensure there would be no repetition of such incidents.

Mr. Weliamuna, who is also executive director of Transparency International Sri Lanka, spoke here and thanked his colleagues for their support.

He said he has continued threats to his life, the latest being an unknown visitor to his office just this afternoon inquiring after him, regarding which a complaint has been lodged with Keselwatte Police.

UNP Pradeshiya Sabha member assaulted

UNP Pradeshiya Sabha member Sumangala Samaraweera was allegedly assaulted by the Pradeshiya Sabha Chairman Prasanna Ranaweera today. Lankadeepa correspondent who was also at the scene had received injuries.

Two Pakistanis arrested for heroin possession

Two Pakistani nationals were arrested by the Colombo Narcotics Bureau near the Wattala Supermarket for the possession of 425g of Heroin.

Sri Lankan born Singapore opposition leader dies

Veteran Singapore politician JB Jeyaretnam has died of heart failure in a Singapore hospital, aged 82.

He was the first to break a government monopoly on power in Singapore when he won a seat in parliament in 1981.

He had been forced into bankruptcy over defamation cases won by the government but was planning a new run for office.

Dubbed the Grand Old Man of opposition politics, analysts said Mr Jeyaretnam was a thorn in the side of Singapore's Minister Mentor Lee Kuan-yew.
Born in 1926 in Jaffna, Ceylon (now Sri Lanka), Mr Jeyaretnam trained as a lawyer in Britain before making his home in Singapore.

Lankan found guilty of smuggling people

A Sri Lankan man living in upstate New York has been sentenced to time served, about seven months, for smuggling people from Canada into the United States by boat.
Mohanraj Selvarajah will likely face deportation following Monday's sentencing in federal court in Buffalo.

According to court papers, the 48-year-old Lockport resident told investigators he was given $5,000 to buy a boat in September 2007 and was told he would be paid more to smuggle three people into the United States.

He was arrested after a witness spotted him dropping people off at a Buffalo boat launch and called authorities.

Selvarajah's lawyer says he will likely be returned to Sri Lanka alone, while his wife and three children remain in Canada, where they moved after his arrest.

Warrants on Emerald Finance directors

In a case filed by the Central Bank of Sri Lanka in the Kandy Primary Court against Emerald Private Finance Company of Gampola, Kandy Primary Judge Nandana Weerasinghe ordered the new directorate of the finance company to submit to the Central Bank withi a month, the details of the accounts of all depositors of the finance company.

Following a motion by the state counsel, the judge issued warrants on the Directors of the finance company who were not present in court.

The Central Bank was represented by the State Counsel, Attorney-at-law Ananda Kumara Herath appeared for the defendants who were required to be present in court on December 11.

Fonterra re-assures its milk is safe

Fonterra Brands Lanka yesterday re-assured consumers in Sri Lanka that its ANCHOR, ANLENE, RATTHI, SHAPE UP and ANMUM Milk powder products are made from milk sourced solely from New Zealand and are 100% safe to consume.
The company further stated that all liquid milk and yoghurts marketed under the NEWDALE, RATTHI, ANLENE and ANCHOR brands are made with local milk sourced from farmers in Sri Lanka and tested to meet the highest International and local standards including ISO 22000 and HACCP.Fonterra Brands Lanka Managing Director Achyut Reddy said all their products are subjected to rigorous quality controls in every aspect of production from sourcing of raw milk through the manufacturing and distribution process.

“Further reassurance comes from the New Zealand Food Safety Authority (NZFSA) which has categorically stated that they have confidence in the integrated food safety regulatory and industry controls that are in place in New Zealand from where Fonterra Brands Lanka sources its milk powder,” Fonterra Brands said in a statement.

Mr. Reddy emphasized that the milk contamination issue in China involving 22 dairy companies was confined to products manufactured with China-sourced raw milk and had absolutely no bearing on products marketed by Fonterra in Sri Lanka.

“We view consumer safety and health issues with great seriousness at Fonterra” said Mr. Reddy “and will continue to ensure that our products meet the highest safety and quality standards.”

He thanked the consumers for the great trust and loyalty they have placed in the Fonterra brands over the years and said that Fonterra will continue to always live up to the consumer’s trust and expectations.

Sakvithi scam: Police after lady lawyer and IP

The police investigating into the major financial scam involving English tutor Sakvithi Ranasinghe are now after a lady lawyer and a Police Inspector who have reportedly fled their homes, whilst the staggering amount topped Rs. 700 million by yesterday.

Police Spokesman Ranjith Gunasekara said the Mirihana police completed a recording of 1327 complaints yesterday of individuals who were deceived by the great impostor.

The legal officer of the bogus financial institute, a lady lawyer who was in charge of all monetary agreements between the company and the depositors is currently absconding, the police said.

An inspector attached to the Police Communication Division in Mirihana was found linked to the scam after he had personally removed several computers that were at the office of the financial institute in Nawala soon after the exposure.

He had not reported to work since then and did not obey orders of SSP Nugegoda Division Deshabandu Tennakoon to appear before Mirihana police yesterday.

Colombo stocks sink, more negative contributors

The Colombo bourse sank on Tuesday with many blue chips recording sharp falls and in addition the bulk of the transactions were on the negative (minus) list, brokers said.

The All Share Index slumped by 43.27 points or 1.98 % to 2,142.26 while the Milanka dropped sharply by 55.43 points or 2.26 % to 2,397.19. Turnover was Rs 121 million.

Brokers said of the 173 companies traded, 117 companies saw prices fall while only 14 saw gains. The balance was unchanged.

GMOA to protest about doctors killing

The Government Medical Officers Association (GMOA) is to launch an islandwide protest over the shooting of a female doctor in Bandagiriya, Hambantota, GMOA spokesman Dr Upul Gunasekara said.

He said that the GMOA will be meeting today to decide on the protest campaign.

Dr. W.D.Lakshmi, 38 of the Central Dispensary at Bandagiriya was shot dead on Monday night as she was examining a patient.

A soldier attached to the Udawalawe camp is reported to have shot her. The soldier is reported to have an affair with the doctor earlier, hospital sources said.

Ganeshan regrets Canada's opinion on Bahu

MP Mano Ganeshan says all peace loving people are shocked to learn Canadian High Commission's refusal of visa to New Left Front Leader Dr. Vickramabahu Karunaratne, saying his actions constitute LTTE membership.

"Fanatic forces in this country use Tiger label arbitrarily. This label is put on many human rights defenders, NGOs, antiwar activists, media personnel. Even members of the international community have not been spared of Tiger label. Canadian action goes well in line with the fundamentalist forces here," said the Civil Monitoring Committee Convener and Western People's Front Leader in a statement.

The statement also said, "Vickramabahu is a committed human rights activist. He fought against the human rights abuses then in 1989 when thousands of Sinhala young men and women belonging to JVP faced state and paramilitary death squads. He is fighting now against abductions and extra legal killings when Tamils face death squads."

"Many of his comrades of 1989 have changed sides now and some have even become the very perpetrators. Bahu has not changed. He is one of the very few Sinhala politicians who adamantly propose justice and peace for the oppressed Tamil and Muslim communities. His party’s stand on the national question is ahead of many ethnic parties. He stands for the right of self-determination. It cannot be Bahu’s fault if LTTE or any Lankan Diaspora campaigners around the world demand the same set of rights. Nobody labeled him with JVP when Bahu fought on behalf the human rights of JVP youth in 1989. But when he supports human rights and political aspirations of Tamils, he is branded a Tiger."

"Bahu was to attend a conference in Toronto titled ‘Ending the war and bringing justice and peace to Sri Lanka 25 years after July 1983’ organized by Toronto based Canadian Forum for Justice and Peace in Sri Lanka. It is sad that Canada is sending wrong signals to all Sri Lankans at a time when Tamils feel that our international friends have failed to stop the human rights violations and influence the government towards a reasonable political solution."

PB issued notice

Dr. P.B. Jayasundara should personally clarify to the Supreme Court whether he is still holding an executive or supervisory position in a state institution, Chief Justice, Sarath N. Silva said today (Sept. 29th).

The CJ was taking up a petition filed by Presidential Advisor, Vasudeva Nanayakkara, which cited that his fundamental rights have been violated by the transfer of an eight-acre land belonging to Sri Lanka Ports Authority to John Keels Holdings during the tenure of Dr. Jayasundara as Chairman of Public Enterprise Reform Commission.

Issuing notice, the bench headed by the CJ directed Dr. Jayasundara to appear before courts on October 08th.

Earlier, the SC found the former PERC Chairman guilty of having misused public property.

Citing that the CID has failed to take action despite the court ruling, a motion has been filed in court.

In accordance with a court directive issued when the case was took up last, IGP Jayantha Wickremaratne and DIG of the CID, Sisira Mendis appeared before court today.

Appearing on behalf of the petitioners, Vasudeva Nanayakkara and Nihal Sri Amerasekere, counsel Sumanthiran said that his clients had refused to give a statement to the CID.

At this point, the CJ questioned whether the CID has obtained a statement from a single person over the matter even after Dr. Jayasundara was found guilty by the highest court of the country.

Questioning the need to obtain statements from the petitioners, the CJ said that the petition has been filed on behalf of the public and the police should have studied the documents pertaining to the court ruling.

Noting that misusing public property is an offence under criminal law, the CJ added that legal measures can be sought against any offender.

Reprimanding the police for failing to take any action, he further said that the DIG of the CID, who is being paid by the public’s money, should resign.

He further questioned what steps the Bribery Commission has taken against this person who was proven guilty of having misused public property.

Additional Solicitor General, U.A. Wijetillake said that the Bribery Commission is to submit a report to Parliament after conducting an investigation.

“The SC is the highest legal institution in the land. Retired judges in the Bribery Commission think that this is the English Privy Council. It seems to us that they have done nothing on the matter. It is regretful. Are you appearing for Dr. Jayasundara?,” he asked.

The CJ also noted that the police having failed to act in accordance with a court ruling would have to be taken as a mark of contempt of court.

Upon being questioning whether Dr. P.B. Jayasundara is currently holding any position in the state, counsel Sumanthiran said that he is Chairman of SriLankan Airlines, Director General of Securities and Exchange Commission and has recently been appointed a presidential advisor.

The CJ observed that Dr. Jayasundara, who had violated the oath of office that they would uphold the Constitution, should not hold public office.

Dr. Jayasundara should not only have been suspended but also charged under criminal law, he added.

Chief Justice blames Atorney General, IGP and CID chief

The Chief Justice Sarath N. Silva reprimanded the Attorney General, the Inspector General of Police, the Director of Criminal Investigation Department and the Bribery or Corruption Investigation Commission for not ignoring the Supreme Court directive on former Treasury Secretary Dr. P.B. Jayasundara.
The Supreme Court made this reprimand when a fundamental rights petition filed by Presidential Adviser Vasudewa Nanayakkara and Licensed Accountant Nihal Sri Amarasekara was considered. The petition was on not implementing law against Dr. Jayasundara who was ordered to pay Rs. 500,000 for causing a financial damage to the state.

The Chief Justice stated that the CID Director has to resign from the post since he failed to act in accordance with the Supreme Court directive. He further said that Attorney General, the Inspector General of Police, the Director of Criminal Investigation Department and the Bribery or Corruption Investigation Commission have committed a serious crime by not implementing Supreme Court order.

The petition was considered by a panel of judges comprised of Chief Justice Sarath N. Silva, justices Ms. Shirani Thilakawardhana and Nimal Gamini Amarathunga. The Solicitor General appearing for the Attorney General stated that he would not appear for Dr. Jayasundara in this case.

38 vehicles rented by Sakvithi disappeared

(Lanka-e-News, ) An officer of special crime division of Mirihana police station says that complaints have been received regarding the loss of 38 vehicles rented by Sakvithi Ranasinghe on monthly basis.

They include six vans, 26 motorcycles, one lorry, four cars and one Land Cruiser.

Sakvithi is believed left the country after swindling around Rs. nine billion from depositors.

Vans were rented on a Rs. 25,000 per month basis.

43 Tamils arrested in Wellawatte, Wattala, Katunayake

Forty three Tamils including were arrested in Wellawatte, Wattala, and Katunayake in several cordon and search operations conducted by the Sri Lanka Police, assisted by Sri Lanka Army (SLA), and home guards, from Sunday evening till Monday morning, sources in Colombo said.
Most of those arrested were residents of north and east. Some of the arrested had been staying in lodges and with relatives to go abroad for employment and others had been working in business establishments.

A Tamil woman was arrested in Wellawatte along with four Tamil men, sources said.

All are being detained in police stations in the Colombo city and being interrogated.

LTTE: SL military post raided in Trincomalee, 4 killed

Four Sri Lankan military personnel, including Sri Lanka Army (SLA) and homeguards, who were manning a military post in Kantha'laay (Kantale) in Trincomalee district were killed Monday morning when Liberation Tigers of Tamileelam (LTTE) carried out a raid on the military post in the high security area, LTTE's Trincomalee command has claimed in a note issued to media on Tuesday. Two firearms were seized in the raid, the Tigers said.
One T-56 assault rifle, 30 rounds and a shotgun were seized and the cadres safely returned to their base, according to the LTTE.

The raid took place at Seranawa around 9:00 a.m. on Monday.

Exports likely to reach US $10 billion by 2010 – Experts

Recently 16th annual NCE awards were held at Hilton Colombo where Sri Lankan exporters were awarded for their excellent business skills.

Speaking at the occasion Mr Ajith Cabraal, Governor Central Bank said that looking at the present scenario it can be assumed that by 2010 the exports of the country will reach US $10 billion mark.

According to the experts, the desired target is not difficult to achieve as Sri Lankan exports have come a long way. The total value of exports reached an all time high of $863 million in December 2007. The country is also maintaining an economic growth of around 7 percent in the last three years.

Industry insiders opine that proper infrastructure needs to be developed and correct planning can boost the ailing sectors that were previously booking loses.

The NCE awards have become one of the most prominent ceremonies that appreciate the exporters’ contribution to the overseas earnings of the nation. This year more than 143 entries had come, which shows the popularity it has gained from the time NCE was initiated.

15,000 newly displaced from Ki'linochchi swell Vanni IDPs to 230,000

Tamils Rehabilitation Organization (TRO), a humanitarian organization helping the displaced population in Northeast, in a report released Tuesday said, with the food stock in private stores and co-operative stores reaching dangerously low levels, the humanitarian conditions of the more than 230,000 Internally displaced are rapidly deteriorating. Since the departure of foreign NGOs on 16th September under Colombo's directives, 15,217 new IDPs from Ki'linochchi and Poonakari has joined the refugee population, the report added.
"In Ki'linochchi Town and its suburbs there are 3-4 attacks by Sri Lanka Air Force (SLAF) K-fir bombers and artillery shelling by the Sri Lanka Army (SLA). As a result, the schools, government departments and the local administrative services are not functioning at full capacity," the report said.

Pointing out that that Sri Lanka's "Ministry of Defence (MoD) has not allowed any food convoys to cross the Omanthai checkpoint into the Vanni since 5 September denying humanitarian assistance to the displaced and non-displaced population," the TRO report further said that, "The departure, on 16 September, of the United Nations (UN) & international NGOs (29 UN expatriate staff and 13 international NGO staff) from the Vanni effectively suspended all international assistance to the IDPs and the protection that such international witnesses provide."

The report added that the restriction on the number of lorries crossing the Omanthai checkpoint created severe shortages of essential food items (rice, flour, lentils, sugar, and milk powder). The meagre stocks that the GA and private traders had have now been depleted and the population are facing a severe crisis.

TRO appealed to the Government of Sri Lanka, the International Community, the UN and international NGOs to ensure that adequate amounts of food, medicine and other essential humanitarian relief are allowed to pass through the Omanthai Checkpoint. TRO report added that, "at least one month's stock of food must be kept in the Kilinochchi & Mullaitivu Districts to ensure the needs of the civilian population can be fulfilled should the A9 route become unsafe or not secure or the IDPs are forced to move once again."

AHRC calls for probe on Weliamuna attack

The Asian Human Rights Commission has called on the Sri Lankan government to thoroughly investigate the grenade attach on the home of human rights lawyer J.C. Weliamuna.

AHRC said in a statement that last night (Sept. 28th) at 11:40 pm in Colombo, Sri Lanka a grenade was thrown inside the house of the leading lawyer J.C. Weliamuna, who is the Executive Director of Transparency International in Sri Lanka, and a well- known human rights lawyer.

Severe damage was caused to a part of the upper floor of the house, and the sound of the explosion was heard several miles away.

After calling the police and examining the premises another unexploded grenade was found.

Mr. Weliamuna said that he has all his life had no personal enemies and therefore this attack has to be connected to his work.

Mr. Weliamuna has appeared in many sensitive cases relating to corruption and abuses of human rights.

Several cases are pending in which some powerful politicians are the defendants.

Last week, Transparency International published a report, in which Sri Lanka was listed as 92 on the corruption list.

Mr. Weliamuna has constantly appeared in many well known human rights cases on behalf of victims of torture, extra-judicial killings and disappearances.

Last Friday the Supreme Court issued special orders for investigation of a case that Mr. Weliamuna appeared in which a young man from Kandana complained of attempted assassination by some police officers.

Yesterday morning Mr. Weliamuna moved a motion at the Bar Association of Sri Lanka regarding a lawyer who has received death threats due to appearance in an extra-judicial killing case where the victim had been the complainant in two cases regarding police officers, for bribery and torture.

The Bar Association unanimously resolved to pursue the complaint of the lawyer and condemned the interference into the work of lawyers and resolved to pursue the matter with the Inspector General of Police and other authorities.

"This attack is chilling but not surprising. Threats and attacks are targeted at everyone who tries to highlight the abuses of politicians and state officers," said Basil Fernando, the director of the Asian Human Rights Commission.

"Now senior lawyers themselves are being targeted for nothing other than being engaged in their professional duties to their clients."

Fernando further said, "even at the worst times in the late 1980s no senior lawyer was targeted. What is taking place is a most comprehensive form of repression with the view to silence everyone who is making any attempt to seek protection of law. This is one of the most terrible times in the country."

The Asian Human Rights Commission calls on the Sri Lankan government to thoroughly investigate this matter with a Special Investigation Unit (SIU) of the Criminal Investigation Division (CID).

There is all the likelihood of the investigation being mishandled unless special attempt is made for inquiries to be conducted by a competent and independent SIU.

It is also the duty of all the lawyers and the Bar Association of Sri Lanka to come strongly in support of one of its members who has taken a very keen interest in the rights of others.

The Supreme Court and the judiciary also need to take up the issue of the protection of the lawyers.

AHRC also calls upon the lawyers outside Sri Lanka to intervene with the Sri Lankan government to condemn this attack and also to ensure an independent inquiry by a competent body.

The UN agencies and the international anti-corruption and human rights organisations should intervene for the defence of one of the best known human rights defenders in Sri Lanka.

Worthless leaders will not be allowed to hijack UNP, says Wajira

Galle district United national Party (UNP) MP Wajira Abewardhana says that he will not allow ineffective leaders who cannot be an alternative to the present leader to capture the party leadership.

Mr. Abewardhana emphasized that he would not allow anyone to destroy the party leadership and to let the government to manipulate the UNP.

He made these observations at a function held in Sarana Reception Hall to hand over life insurance policies to the UNP local government representatives of Gampaha district.

Mr. Abewardhana charged that the persons who try to change the party leadership are becoming the pets of the government. He said that he would not allow them to destroy the party with the proposals brought from Temple Trees. Party enemies and the government have launched a massive campaign against the UNP manipulating all media and a group from UNP who are ignorant of this are shouting for a leadership change, added Mr. Abewardhana.

Air defence exercises over Sigiriya, low flying aircraft likely to be reported - SLAF

The Sri Lanka Air Force (SLAF) will hold air defence exercises between 7 and 8.30 this evening, in the Kantale and Sigiriya regions, SLAF Spokesman Wing Commander Janaka Nanayakkara said.

Low flying aircraft maybe reported during the exercises, he added.

SC orders to remove barricades on the Galle road

The Supreme Courts today ordered the Police Chief to remove all barricades on the Galle road from Kollupitiya to Galle Face before January next year.

United States condemns attack on residence of Sri Lankan human rights activist

The Embassy of the United States in Sri Lanka today condemned the recent attack on the residence of the Executive Director of Transparency International Sri Lanka and well-known human rights attorney, J.C. Weliamuna.

The US Embassy in Colombo, issuing a media communiqué, commended Weliamuna’s work as a defender of those who seek to fight corruption, protect the victims of abuse, and advance the cause of human rights in Sri Lanka.

“We look to the authorities to launch an immediate investigation into this act of violence and bring the perpetrators of this crime swiftly to justice,” stated the US Embassy.

UNP condemns ARMY chief's remarks

The UNP has condemned the statement made to a Canadian newspaper by Army Commander Lt. Gen. Sarath Fonseka regarding minority communities.

The UNP organized a media briefing at the Opposition Leader's Office in Colombo this morning (Sept. 29th), where MPs from Sinhala, Tamil and Muslim communities spoke.

One of them, Kabir Hashim, said his Muslim community was having very close ties, even blood relationships, with the majority Sinhalese.

At a time when war in the north is entering a decisive stage, statements like the one made by the army chief were totally uncalled for, he said.

Muslims' acceptance of Lt. Gen. Fonseka for having liberated the east would be affected by his statement, said Mr. Hashim.

Also condemning the statement, MP Vajira Abeywardena said he did not propagate war as a Buddhist.

There are only peaceful achievements, he said, pointing to Karuna and Pillayan having entered the democratic mainstream as examples.

MP Ravindran, a Tamil, said he was grieved to hear such a statement coming from a responsible public official.

He called for an end to war and for a negotiated political solution, and said statement that divided the communities should be condemned.

In an interview with 'National Post' of Canada, Lt. Gen. Fonseka has said, "…..they (minorities) must not try to, under the pretext of being a minority, demand undue things."

Sri Lanka Muslim Congress leader Rauff Hakeem has also condemned the army commander's remarks.

SLAF attacks terror bunker lines

Sri Lanka Air Force MI 24 attack helicopters lunched strikes at a terror bunker line located 3 Km North of Vannerikulama around 12.15 this afternoon (Sept 29), the Air Force sources said.

Air Force spokesperson Wing Commander Janaka Nanayakkara speaking defence.lk said that the air strikes were launched in support of Task Force 1 troops operating in the western half of the Kilinochchi front.

Wanni liberation continues

Finalized reports on yesterday's (Sept 28) incidents settled terrorist deaths at 23 and casualties at 9. Also, 15 LTTE cadres were marked as either killed or wounded. Four soldiers laid down their lives at the battlefield while 26 others suffered injuries.

On the Kilinochchi battlefront, troops of 57 division continued their offensives in the Akkarayankulam and Kokavil areas during the day. During the clashes reported from Akkarayankulam area, one soldier was killed and 6 others suffered injuries. Meanwhile, during operations conducted in the north of Kokavil area troops found two T-56 weapons, 3 LTTE dresses and 3 cyanide capsules.

In a separate confrontation occurred in the Mankulama area on Saturday (Sept 27) evening troops found one terror dead body and 2 T-56 riffles.

On the western half of the Kilinochchi front, troops of Task force 1, confronted with a group of terrorist in the Manniyankulam area around 9.30, last morning. Intercepted terror radio transmissions confirmed 12 terrorists were killed and 7 others were injured in this incident. Also, 2 soldiers laid down their lives and 11 others sustained injuries.

In separate incidents reported from Vannerikulam and Panaikandamadu areas during the day one soldier was killed and 4 others suffered injuries.

Meanwhile , Task Force 2 troops operating in the Vavuniya front had two separate confrontations with the terrorists in the Palamodai area last afternoon and claimed 3 terrorists were killed. Troops also found one T-56 weapon and 2 hand grenades. In a separate incident reported from the Kummakulam area, a soldier suffered injuries due to an AP (anti personnel) mine explosion during morning hours.

Troops of 56 division maintaining the active defence on either sides of the A-9 road on the Vavuniya forward defence, attacked a terror bunker located in the Koliyakulam area around 6.35 AM. Ground sources confirmed one terrorist was killed in this incident.

Also in the Navatkulama area, troops opened fire at a group of terrorists around 10 AM and claimed one terrorist was killed.

Meanwhile on the Mullaittivu front, troops of 59 division had day long clashes in the Andankulam area and claimed 5 terrorists were killed , 4 others wounded and 15 more were either killed or wounded. Also, a soldier suffered injuries due to terror mortar fire during one of the incidents. Troops also removed 226 AP mines and 12 IEDs during days mine sweeping operations in the area.

In the Jaffna theatre of operations , a sniper deployed in the Muhamalai area confirmed shooting down of one LTTE cadre last evening.

Counter terror operations are being continued.

Air Force fighter jets pound LTTE gathering - Kilinochchi

Sri Lanka Ari Force fighter jets pounded an LTTE gathering point detected 2.5 Km North of Vannerikulama , on the Kilinochchi battlefront at 4.10 PM , Air Force spokesperson Wing Commander Janaka Nanayakkara said.

He added that the air strike was successful.

Hand Grenade explosion injures 8 civilians - Kaattankudi

A hand grenade explosion has been reported from the Kaattankudi town in Batticaloa around 7 PM this evening (Sept 29).

According to the Media Centre for National Security (MCNS), an unknown person has exploded the hand grenade at the public bus stand. Eight civilians have suffered injuries and one motorbike received injuries in the explosion, the sources added.

Police conducts further investigations.

Civic Activists face dangerous trend

On Saturday night an unidentified gang lobbed two hand grenades at the residence of Transparency International Sri Lanka (TISL) Director and Attorney at-Law J.C Weliamuna. Mr. Weliamuna’s residence is located in close proximity to a police station (Kohuwela), and an army camp (Kohuwela-Pepiliyana road. The attack demonstrates the blatant disregard criminals now have for regular structures of law and order.

The National Peace Council of Sri Lanka condemns the grenade attack on the residence of J C Weliamuna. The NPC views this attack as part of a broader assault on human rights, good governance, accountability and integrity in public life and thus demands stern action be taken against those responsible. We are particularly saddened by this attack as it had taken place at night, when his family and two young children were present. Mr Weliamuna has been a colleague and partner in work we are doing. We appreciate his courage and commitment to the rule of law and to integrity in public life.

Mr. J.C. Weliamuna is presently involved in a number of cases which deal with infringements upon fundamental rights and public interest litigation. Of particular interest are pending cases which involve government officials and member of the police force. Furthermore, last week Mr. Weliamuna made submissions to the Supreme Court, stating that a fellow lawyer had been subjected to death threats for fulfilling his professional duties.

The attack on Mr. Weliamuna is thus suggestive of a dangerous trend of intimidation and interference in the country’s legal processes. The NPC views this attack as an attempt to harm and intimidate a lawyer and civil society activist and to possibly send a warning to all advocates of human rights, good governance, accountability and integrity in public life. This act of violent intimidation can be interpreted as a thinly veiled attempt to silence critical and dissenting voices in the country.

We join the Free Media Movement (FMM), civil society activists and the Bar Association of Sri Lanka’s (BASL) in condemning this attack as an act which threatens not only us all but the very democratic values upon which our respective professions and institutions are founded.

Commonwealth on global food and energy crisis

The Commonwealth Policy Studies Unit (CPSU) is hosting a workshop on 1st October to discuss issues facing Commonwealth Finance Ministers. Guests including experts in the field and Commonwealth High Commissioners will examine potential policy solutions to rising fuel and energy prices ahead of the Commonwealth Finance Ministers’ Meeting in Saint Lucia next month.

Taking place at the Institute of Commonwealth Studies in London , the meeting will hear from a range of speakers including policy experts and representatives from international development charities, Inter-Governmental Organisations and Commonwealth governments.

The workshop comes at a time when across the Commonwealth, but particularly in many poorer countries, individuals and communities are suffering due to increasing costs of food and fuel - fundamental to people’s well being and livelihoods.

The CPSU’s Director, Dr. Victoria teVelde said,

“Rising costs of fuel and food are causing immediate suffering and economic concern across the Commonwealth. CPSU welcomes the chance to organise this important discussion before Commonwealth Finance Ministers’ meet in St Lucia next month. This workshop and CPSU’s briefing document will inform the debate to help ministers find sustainable, practical solutions to the global fuel and food crisis.”

CPSU members will attend the Commonwealth Finance Minister’s Meeting from 6 – 8th October in St Lucia . Copies of CPSU’s policy briefings will be circulated to all Finance Ministers in advance of the meeting.

EU condemns the grenade attack on JC's residence

The European Union condemns the grenade attack of 27th September that targeted the residence of the Executive Director of Transparency International Sri Lanka (TISL), Mr. J.C. Weliamuna who is a prominent and respected lawyer.
Although there is no indication on the reasons or on the perpetrators of this attack, it is assumed that the attack may have been against the important Human Rights and Anti corruption work Mr.Weliamuna was involved in.
The EU notes with concern the trend in attacks and threats on journalists, civil society organizations and now a lawyer. We believe it is important that the essential work of civil society organisations such as that of Transparency International Sri Lanka should be supported and that its Representative and staff are safeguarded.
The European Union urges the Government of Sri Lanka to do everything possible to investigate fully this incident and to ensure that those responsible are brought to justice.

John Keells Holdings’ Consumer Foods Sector again bagged two Silver

John Keells Holdings’ Consumer Foods Sector yet again bagged two Silver
Awards at last week’s 16th annual “NCE Export Awards 2007” for the second consecutive year.
The two Silver Awards in the ‘Extra Large Business Group Category’ went to Keells Food Products PLC and Ceylon Cold Stores PLC for reaching significant milestones in their respective business activities in the international arena Organized by the National Chamber of Exporters of Sri Lanka for the 16th consecutive year, the NCE
Awards are Sri Lanka’s most prestigious awards which recognise and reward the outstanding export performance of companies which provide goods and services from Sri Lanka.

The JKH Consumer Foods Sector is home to some of Sri Lanka’s strongest and most popular food and beverage brands, all of them being market leaders in their respective categories. The Keells Foods brand of processed meats is considered a
“Preferred Brand” by thousands of discerning consumers, and, by almost all star class hotels and catering institutions in Sri Lanka.

Manager Exports for JKH Consumer Goods Christy Fernando said, “Keells Foods further consolidated its strong market presence in India, Dubai and Maldives and went on to record a 26% growth in export sales during the Financial Year 2007/2008”.

Elephant Soft Drinks with its value added portfolio of sub brands, together with Elephant House Ice Creams, have reached many international markets through the taste preferences of numerous Sri Lankans domiciled in various parts of the globe.

“Elephant Soft Drinks now commands a significant presence in the international arena. Elephant Ginger Beer made from locally grown natural ayurvedic ginger continues to make inroads to many international markets. The distinct flavour and medicinal properties of this product have captured the attention of the rapidly growing
natural and organic foods market. Notwithstanding tough competition in the beverage sphere, Elephant Ginger Beer (EGB) successfully entered five new markets in 2007/2008 across over 25 countries while Elephant House Ice Cream’s market leader position in the Maldives makes it grow from strength to strength amid tough competition
from various international flavours and brands”, Fernando added.

Xerox introduces Digital Press to Sri Lanka

Lumen Technologies announced the launch of the long awaited Digital Press Solutions from Xerox to the Sri Lankan market in order to meet the short run requirements of the local graphics industry (commercial printers, publishers, pre-presses, etc.)

The Digital Press is ideal for producing high-end collateral, direct marketing and photo specialty products, jobs that typically generate the most profits for print providers. It is an addition to Xerox's industry-leading production digital portfolio, following the revolutionary Xerox IGen 3, which led the industry into a new into a new age of digital color printing.

Chief Operating Officer of Lumen Technologies, authorised distributor for Xerox in Sri Lanka, Rukshan Sheriff, said, "Our aim is to offer our customers the best solutions to their business needs. Every high-quality color print that comes off the Digital Press will help set our customers apart from their competition with full color and monochrome high speed digital presses offering benchmark productivity, print quality and economy".

Since color consistency and predictability are critical to customers, repeat jobs