Foundation laid to build a country that can outshine the rest- CB
Sri Lanka has gained global fame following the sovereign bond issue
which was oversubscribed more than seven times, said Central Bank
Governor Ajith Nivard Cabraal addressing a ceremony to felicitate the
‘League of American Communications Professionals 2010 Vision Awards’ on
Chairman, Diesel and Motor Engineering
PLC, Ranjith Pandithage receives the award from Governor of
the Central Bank, Ajith Nivard Cabraal. Pic: Sumanachandra
He said that due to the success of the sovereign bond issue, Sri
Lanka has gained global recognition as a country geared to achieve
economic prosperity. The government launched a sovereign bond to raise a
billion dollars from global capital markets. The bond was subscribed
more than seven times enhancing investor confidence and placing the
country on a solid footing for development.
“The foundation has been laid and now it is the onus of all
stakeholders to pool their resources and work together to build a
country that will outshine the rest”, the Governor said.
The Gold award winners were Commercial Bank, Kelani Valley
Plantations, LOLC PLC and Hayleys PLC while Nations Trust Bank, People’s
Bank, Seylan Bank and HelpAge won the Silver awards.
Platinum award winners were National Savings Bank, Diesel and Motor
Engineering PLC and CIC PLC.
The Bronze award winners were LOLC Al-Falaah, Talawakelle Tea
Estates, Haycarb, Dipped Products and Bank of Ceylon.
Smart Media, produced annual reports of which five of the company’s
clients were ranked within the Global Top 100 while several others made
the Top 50 from the Asia Pacific region.
Six Sri Lankan banks were among eight winners in the banks Asia
Chairman, Smart Media, Dr. Vijith Kannangara said that Sri Lankan
companies had to compete among global giants such as the US Department
of State, Bayer AG, Bertelsmann AG, Commerzbank AG, Thompson Reuters and
He said that an Annual Report should be brief, simple and clear and
not an encyclopaedia. Most Annual Reports have failed to communicate due
to lack of direction.