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Sunday, 7 December 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,

 

 

Over 70 students of several Tamil medium schools in Batticaloa and Polonnaruwa are now in Colombo participating in a psychological development and leadership training program at the Sri Lanka Foundation Institute. The Sisu Diriya, has been initiated on the directive of President Mahinda Rajapaksa to assist needy students following the Kebitigollewa bomb blast. Here the students view the Buddha statues at the Gangaramaya temple in Hunupitiya yesterday.

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Marriage Proposals

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Government Gazette

Acting : lucrative despite myths

Channa Perera - a film director turned actor broadened the prospects of Sinhala movie by "importing" stars from foreign movies which he calls variety trend.

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SLMC ready to join any political force

*** Puts pre-conditions

*** Pledges cooperation to Eastern development programs

The Sri Lanka Muslim Congress (SLMC) with its five parliamentarians representing the Eastern province would form a political affiliation with `any political force’ that is willing to fulfil some of its pre-conditions, party General Secretary Hasan Ali MP told the Sunday Observer.

Full Story

A-9 road under control of Security Forces - Army chief

With the capturing of Kanakarayankulam, the 48 kilometre stretch of the A-9 Road (Jaffna-Kandy Road) which runs through the so called LTTE political capital - Kilinochchi,

Full Story

Massive foreign liquor racket bared

Wealthy businessman held:


A massive racket running into several millions of rupees was bared following the detection of a large haul of expensive foreign liquor and cartons of foreign cigarettes at a two-storied house in Borella when the Central Anti Vice Striking Force(CAVSF) raided the premises on Friday.

Full Story

O/L Exams in North, East under security

 

The Examination Department on Friday requested the Security Forces in the North and East to provide tight security to 40,000 children who are scheduled to appear for the G.C.E. (O/L) Examination, commencing tomorrow, December 8.

Full Story

Pakistani scholar dissects Mumbai massacre


The November 27 Mumbai terror attack was only a temporary setback to the peace process between India and Pakistan that was initiated in 2004,

Full Story

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