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Sunday, 21 June 2009

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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,

 

 

Sri Lanka Rajawansa Vibhooshana Dharmadeepa Chakravarthi: Chief Incumbent of the Sri Lanka Amarapura Maha Nikaya Most Ven. Davuldena Sri Gnanissara Maha Nayake Thera and the Chief Incumbent of the Sri Lanka Ramannya Maha Nikaya Most Ven. Weweldeniya Sri Medhalankara Thera bestowed the title Sri Lanka Rajawansa Vibhooshana Dharmadeepa Chakravarthi on President Mahinda Rajapaksa at a ceremony held at the Independence Square yesterday. The honour was in recognition of the President’s bold initiatives to wipe out terrorism.
Pic : Sudath Silva

The Thondamanaru fresh water scheme is one of the oldest irrigation projects in the Jaffna peninsula. The project was neglected for a long period due to LTTE terrorism in the North. Senior Presidential Advisor and Parliamentarian Basil Rajapaksa along with Minister of Social Services Douglas Devananda and NFF leader Wimal Weerawansa MP visited the Thondamanaru site and viewed the sluice gates of the Thondamanaru Lagoon and the bridge. Thondamanaru is also spiritually significant as the famous Sellasannithy Skanda temple is situated along the shores of the lagoon and in the good old days the Kataragama Yatra began from the temple and reached the Kataragama shrine for the festive season. They later took part in religious observances at the temple.
                                         Pic: Chaminda Hittatiya

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President will offer viable political solution:

TNA MP pledges support to Govt

The Tamil National Alliance Vavuniya district Parliamentarian Sivanathan Kishore castigated the LTTE saying that the outfit’s rhetoric of heroism and valour over the past several decades had achieved nothing other than leading them to their present plight.

Full Story

Local Govt polls in Jaffna and Vavuniya:

Nominations being finalised

While the UPFA, UNP and other national political parties were finalising their nomination lists for the Jaffna and Vavuniya Local Government polls, three independent groups had already paid their deposits at the Jaffna and Vavuniya Secretariats for the forthcoming LG polls.

Full Story

India offers Rs. 5b for displaced persons - Thondaman

Minister Arumugan Thondaman who recently went to India on a goodwill mission said that the Indian centre has pledged five billion rupees assistance to the Government towards the post conflict phase in rehabilitation, resettlement and welfare measures for IDPs.

Full Story

Following lifting of restrictions:

Fish production to increase in the North

The Government said that fish production in the North was expected to increase with the lifting of fishing restrictions in the North. Senior Advisor to the President and Chairman of the Presidential Task Force on Resettlement Development and Security in the Northern Province Basil Rajapaksa made known the Government’s decision on lifting fishing restrictions in the North.

Full Story

Swine Flu:

No need to panic

The Epidemiology Unit of the Ministry of Health yesterday reiterated that the novel influenza AHINI (commonly known as Swine Flu) is not fatal like the dengue fever which has already claimed nearly 140 lives throughout the country.

Full Story

 

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