9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
Economic Capsule November 2011
1. < Research & Development Unit > November 2011 ECONOMIC CAPSULE November 2011
2.
3. < Research & Development Unit > FINANCIAL SECTOR NEWS
4.
5. Commercial Bank’s 2010 Annual Report Becomes the BEST Annual Report < Research & Development Unit > Overall Category Winner Banking Sector Gold Award Corporate Governance Category Silver Award Management Discussion & Analysis Bronze Award Commercial Bank 2010 Annual Report won the following awards at the " Excellence in Annual Reports Awards - 2011" competition organized by The Institute of Chartered Accountants of Sri Lanka.
6. Group Results for the 09 Months ended 30.09.2011 < Research & Development Unit > Commercial Bank’s Net Profit Tops Rs 6 Bn at 3Q 2011 Interest income generated by the robust growth of the loan book, gains from the reduced effective tax rate and a noteworthy contribution from non-interest income have enabled Commercial Bank to accelerate profit growth in the first nine months of 2011 and post sector-leading financial results befitting its status as the country’s benchmark private bank. Cont…
7.
8. Service Points Openings – Commercial Bank < Research & Development Unit > 209 Passara 210 Katunayake* *Commercial Bank opened its first 24-hour Banking Centre in Sri Lanka in the vicinity of the Bandaranaike International Airport at Katunayake, providing convenient round-the-clock access to banking facilities to out and in-bound travellers as well as residents of the area.
9. < Research & Development Unit > ECONOMY & BUSINESS NEWS
10. Sri Lankan Economy Grew 8.4 % in 3Q 2011 Sri Lanka's economy grew 8.4 % in the 3Q 2011 compared to the 8.0 % in the 3Q of 2010. < Research & Development Unit > Sector (growth rates -%) 3 Q 2010 3 Q 2011 Agriculture, Forestry and Fishing 6.0 6.2 Tea 2.8 -6.9 Paddy 31.8 12.4 Inland – Fishing 9.7 32.6 Marine - Fishing 15.3 14.3 Industry 8.8 10.8 Gem Mining 10.2 23.7 Textile Wearing apparel & leather 3.2 10.2 Construction 11.3 17.3 Services 8.0 7.8 Import trade 11.4 14.2 Export trade 1.2 7.5 Hotels and restaurants 32.2 27.2 Banking insurance and real estate 8.5 7.4 Gross Domestic Product 8.0 8.4
11. BUDGET 2012 - HIGHLIGHTS < Research & Development Unit > Budget Summary Medium Term Macro Fiscal Framework: 2011-2014 Cont… (Rs Bn) 2010 2011 2012 Budget Revenue and Grants 834.2 937.0 1,126.1 Total Expenditure 1,280.2 1,397.2 1,594.9 Recurrent Expenditure 937.1 1,018.8 1,107.9 Public Investment 356.5 389.0 497.5 Budget Deficit (446.0) (460.0) (468.9) Source: Budget Speech 2012 (as a % of GDP) 2010 Projections 2011 2012 2013 2014 Revenue 14.6 14.1 14.7 15.0 15.5 Tax Revenue 12.9 12.7 13.3 13.7 14.2 Non Tax Revenue 1.7 1.5 1.4 1.3 1.3 Expenditure 22.9 21.4 21.2 20.9 20.7 Current Expenditure 16.7 15.6 14.7 14.6 14.4 Public Investment 6.4 6.0 6.6 6.5 6.5 Budget Deficit -8.0 -7.0 -6.2 -5.8 -5.2 Government Debt 81.9 78.2 74.2 70.3 66.4 Source: Department of Fiscal Policy
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27. The site is now open for public 24x7, including the newly constructed bikers' path and the walking lanes that run across the National Library and the national Archives Department. Independence Square and Adjacent Area Opened for Public Former Dutch Hospital - Colombo's New "Shopping Precinct" A new shopping precinct at the former Dutch Hospital of Colombo was opened for public as the latest tourist attraction in the city. The shopping precinct consists of 12 stalls including a restaurant, jewelers, textile and handicraft stalls. Sri Lanka’s tourism authorities together with the UDA have laid plans to develop the Fort area in the heart of the island’s commercial capital Colombo into a tourist attraction, capitalizing on the colonial architectural. Authorities now want to capitalize on the historical architecture to make the area a tourist attraction starting from the 17th century Dutch Hospital. According to Mr. Nihal Fernando, director general of Urban Development Authority, two more buildings behind the Dutch hospital belonging to the British Colonial era are already being renovated to be used for tourism development while the broader plan for the city includes development of the area starting from the south gate of the Colombo harbor to the shores of the Beira Lake. From the Beira Lake to D. R. Wijewardena Mawatha, UDA is working with the World bank to create a pedestrian promenade. From that point onwards going down to end of DR W Mawatha, facilities will be available for pedestrians. The entire stretch is going to be for tourism activities. Sri Lanka to Develop Colombo Fort into Tourist Attraction (LBR, 02 December 2011) by Dominic Sansoni
28.
29.
30.
31.
32. < Research & Development Unit > ANALYSIS & FORECAST
33.
34.
35. The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC The information contained in this presentation has been drawn from sources that we believe to be reliable. However, while we have taken reasonable care to maintain accuracy/completeness of the information, it should be noted that Commercial Bank of Ceylon PLC and/or its employees should not be held responsible, for providing the information or for losses or damages, financial or otherwise, suffered in consequence of using such information for whatever purpose. Research & Development Unit Do not spoil what you have by desiring what you have not; but remember that what you now have was once among the things you only hoped for. Epicurus - Greek philosopher
![C o n t e n t s ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],< Research & Development Unit > ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)