• Exchange Rates
• Unit Trust Prices
• Gestetner records 40 percent growth

The Central Bank's Spot Rates for transactions with Commercial Banks announced on the morning of May 22, 1998 were as follows:

The approximate middle exchange rates of following currencies calculated on the basis of cross rates quoted by Gulf International Bank, Bahrain as it appeared in Reuters Financial Information System on May 22,1998 were as follows:

Average rates at which the following currencies were quoted by Commercial Banks in Colombo for Telegraphic Transfers at mid-day on May 22, 1998 were as follows:

Average Weighted Prime Lending Rate (AWRP) and Lowest Prime Rate (LPR)
The Average Weighted Prime Lending Rate (AWPR) during the week ended May 15th 1998 was 14.2 per cent for all banks. The Lowest Prime Rate among banks during this week was 12.0 per cent.

Average Weighted Deposit Rate of Commercial Banks (AWDR)
The Average Weighted Deposit Rate (AWDR) of Commercial Banks for the month ended April 30th 1998 was 9.6 percent.

Gestetner records 40 percent growth

One of Sri Lanka's leaders in office automation, Gestetner of Ceylon Ltd., has posted nearly forty percent growth in turnover in its financial year ending March 31, 1998.

Gestetner of Ceylon Ltd., is a public company quoted in the Colombo Stock Exchange and its major shareholder is UK-based Gestetner Eastern Limited.

Internationally, Gestetner is a brand leader in office automation with its origins dating back to the last century. It is represented in almost every country in the world. Thus, as a part of a global office automation network, we at Gestetner of Ceylon Ltd., are ahead of our competitors in introducing new and appropriate technologies to the Sri Lankan business community.

Sitting in his newly refurbished office at Vauxhall Street, CEO, Anil Wijesinghe, who counted over 15 years in management in a Blue Chip company prior to joining Gestetner, noted that one of the reasons for his company being one of the forerunners in office automation is the high quality of products — "Our entire range of products carry the ISO 9002 certificate. They are reliable, durable and time tested".

"Customer care will always be of prime importance to us", comments Wijesinghe, on Gestetner's plans to concentrate on after sales service as a priority.

Looking ahead as his company enters the next millennium, "Gestetner of Ceylon will focus on continuing its reputation for high integrity, introducing state-of-the-art products, and most importantly, providing quality customer care", says Wijesinghe, "At Gestetner our people are our most valued asset".

Particularly with Sri Lanka's goal of reaching NIC status by the end of the century, Gestetner of Ceylon Ltd., is placing emphasis on marketing products that generate higher productivity. To meet this challenge, and the anticipated new demands of tomorrow's business environment, Gestetner is launching a new range of multi-functional digital products using state-of-the-art technology.

One such revolutionary machine is the Gestetner 3220, described as the ultimate in office automation. This latest technology digital machine, meets all copying, printing and fax communication requirements, and, what is more, it can be connected to a personal computer network for complete integration.

In its continuing aim at creating a customer friendly environment, Gestetner is offering a special trade-in of old machines for the revolutionary digital 3220.

Gestetner of Ceylon Ltd., is the Principal Sponsor at the forthcoming Office '98 Exhibition to be held on 5th & 6th June at Ceylon Intercontinental.

The Board of Directors of Gestetner of Ceylon Ltd., are Mr. S. J. M. Anzar, FCA (Chairman), Mr. Roger Moreton, Chairman and CEO of Gestetner UK, Ms S. A. J. Goonetilleke, FCMA, ACA, Mr. Prasanna Jayawardena, Attorney at Law, Mr. U. L. Kadurugamuwa, Attorney at Law (Alternate Director to Mr. R. Moreton), Mr. D. M. R. Phillips, Attorney-at-Law, Mr. Lakshman Watawala, FCA, FCMA and Mr. Anil Wijesinghe (CEO).