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Sunday, 2 November 2008

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New law to regulate micro finance institutions

[January 30 2012]

A new law to regulate micro finance institutions is expected to be enacted in 2012. The proposed Micro finance Act will provide for the establishment of a separate authority to regulate and develop micro finance institutions.

 

Domestic foreign exchange market continues to expand

[January 30 2012]

The domestic foreign exchange market continued to expand last year. The total volume of spot transactions increased to US$ 7,789 million by end of September 2011,compared to US$ 5,439 million recorded during the corresponding period of 2010.

 

Prospective 2012 financial sector

[January 30 2012]

The overall prospects for financial sector in 2012 are favourable in view of the conducive domestic micro economic conditions and growth momentum envisaged.

 

Mahela back as SL captain

[January 23 2012]

Veteran middle order batsman Mahela Jayawardene was today appointed as captain of the Sri Lanka team for next month’s tour of Australia. His re-appointment as Sri Lanka captain comes after the resignation of explosive opener Tillakaratne Dilshan.

 

US$ 3,113 million forex during the first eight months

[January 23 2012]

The total foreign financial in flows to the government amounted to US$ 3,113 million during the first eight months of 2011. Higher foreign loan in flows during the period reflect the faster disbursement of foreign loans to finance major infrastructure development projects.

 

Workers' remittances up by 27.2%

[January 23 2012]

Workers' remittances has grown up by 27.2% to US$ 3,381 million durimg the frist eight months of 2011. This reflects higher in flows from official channels, partly due to repatriation of savings by migrants owing to uncertainty prevailed in the Middle East countries at thebeginning of the year.

 

Inflation to remain mid single digit

[January 23 2012]

The inflation is expected to remain at mid single digit levels during 2012. The continuous improvement of domestic supply conditions as well as the slow down of international price rises from their peak levels earlier last year would help keep domestic price levels low.

 

Bangladesh army says foiled December coup

[January 19 2012]

The Bangladesh army said today that it foiled a coup attempt by retired and serving officers late last month which intelligence sources said was driven by a campaign to introduce Sharia law throughout the majority Muslim country.

 

PL Cricket: Colts leads on first innings

[January 19 2012]

Colts CC, which gained first innings points, takes an overall lead of 237 runs with five second innings wickets in hand on day two of their three-day Sri Lanka Cricket conducted Premier League Tier A match against Bloomfeild continued at Bloomfield grounds today.

 

500 MW capacity Coal Power Plant at Sampoor in Tricomalee

[January 19 2012]

The Government will go ahead with its plan to construct the proposed 500 MW capacity Coal Power Plant at Sampoor in Tricomalee with Indian assistance. The Cabinet has approved the proposal on the project made by Economic Development Minister Basil Rajapaksa.

 

Anticipatory bail for Nadesan case suspects

[January 19 2012]

Anticipatory bail was granted by the Madras High Court to five persons against whom police had filed a case for allegedly breaking into the residence of a priest at Rameswaram and attacking husband of Minister Nirupama Rajapaka.

 

'GMOA's planed strike violates court order'

[January 19 2012]

Since there is an enjoining order preventing strike action by the Government Medical Officers Association(GMOA) it's planned strike for tomorrow is a violation of the court order,

 

Ashantha back in the saddle

[January 19 2012]

New Chairman of Selectors Ashantha de Mel said that picking the Sri Lanka cricket team for the forthcoming tour of Australia will be the first priority of his committee. In an exclusive interview with the Observer Online a short-while ago,

 

 

Sunday Observer Fashion Designer - 2008:
Ashok Duminda of Maharagama was adjudged the Sunday Observer Fashion Designer of the Year 2008 contest, presented by veteran fashion designer Chula Nanayakkara Ariyaratne, held at the BMICH, Colombo last night. Duminda was also voted the Sunday Observer Most Popular Fashion Designer 2008 and won two other awards for the best designer in office wear and the saree wear categories. Here the champion fashion designer Duminds holds the trophy after receiving the overall title from the Chairman of the ANCL and veteran media personality Bandula Padmakumara. The presenter of the show Mrs. Ariyaratne is also in the picture.
Pic: Vipula Amarasinghe

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Why do you prefer to be called Murali over Karuna Amman?

I prefer to be called Murali. I have no interest for the name Karuna Amman, which was given to me by the LTTE organisation. But still so many people call me Karuna Amman.

 

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NPC gets tough with rogue police officers

The National Police Commission (NPC) will take a tougher stance against police officers who have violated the fundamental rights of people in the recent past.

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SLAF jets, Navy boats destroy Sea Tigers

18 cadres killed, six boats sunk:

 

The Kfir fighter jets of the Air Force and the Special Boat Squadron of the Navy inflicted heavy casualties on the LTTE Sea Tigers on the seas of Chempianpattu and Thalayadi in the North-Eastern region killing 18 Sea Tiger cadres including a Sea Tiger leader called Lt. Col. Kannan yesterday, Navy spokesperson Commander D. K. P. Dassanayake said.

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Adequate food stocks for IDPs in Wanni

Basil summons urgent meeting:

Essential Services Commissioner S. P. Divaratne said that there was no urgency in despatching food stocks for Internally Displaced People (IDPs) since there were adequate stocks in hand in the Wanni areas.

Full Story

 

Troops march towards Pooneryn

The 58 Division troops now operating in the Kilinochchi West front following their consecutive victories in Jeyapuram and Nachchikuda yesterday continued their march towards Pooneryn capturing 2 km long defence line in Paddaruyalvillu in the East of Mannar-Pooneryn A-32 road, Military sources told the Sunday Observer.

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