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Sunday, 23 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,

 

 

Jaffna civilians celebrating the Pooneryn victory of the government Security Forces in a banner displayed on a trishaw say that ‘if Prabhakaran is genuinely interested in the welfare of the Tamils, he should set an example by sending his son to join the battle instead of forcing one from each family to join the fighting cadres’.
Pic: Thilak Perera.

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Health Ministry cautions public on rat fever


The Health Care and Nutritional Ministry yesterday said nearly 200 Sri Lankans have died due to leptospirosis, commonly known as rat fever during the past few months and warned the public especially the farmer community who are affected by this fever to seek medical treatment only from Government hospitals.

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Ceasefire only if LTTE disarms itself completely - Keheliya Rambukwella


In the backdrop of the Security Forces inflicting heavy damage on the LTTE in the Wanni, Minister Keheliya Rambukwella has reiterated that there won’t be a ceasefire at this juncture with the LTTE, until the outfit totally disarms itself and enters the political mainstream decently.

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Ethnic based enclaves not acceptable - Prof. Warnapala


Ethnic based enclaves which the minority political parties have sought as units of devolution were not acceptable to the SLFP as a matter of principle, said Prof. Wiswa Warnapala, commenting on proposals submitted to the APRC by the UPF, CWC and the SLMC.

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Second suspect remanded in boy abduction case


The second suspect involved in the abduction of a five-year-old boy was taken in for questioning in the Madawela town near Wattegama on a tip off received by the SIU of the Kandy police last week.

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Angry CGR commuters cause Rs. 100,000 loss


Sri Lanka Railways incurred a loss of over Rs. 100,000 due to damages caused to property by angry commuters after pandemonium broke out at the Colombo Fort Railway Station on Friday evening.

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