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Sunday, 19 July 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,

 

 

Heralding a new era for Uva: A well equipped maternity ward at the Mahiyangana Base Hospital was declared open by President Mahinda Rajapaksa yesterday. The ward which was built at a cost of Rs. 110 million, is attached with state-of-the-art gynaecology unit, premature baby care unit, labour room and an intensive care unit. The facility was built on a directive of the Presidential Task Force. Health Minister Nimal Siripala de Silva, Governor, Uva Province Nanda Mathew and Hospital Superintendent Dr. Y. Upasena inspect the equipment. Pic: Sudath Silva.

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Focus on rebuilding North:

North-South traders, investors meet

The Sri Lanka Chamber of Commerce and the Jaffna Traders Association met for the first time in Jaffna on Friday in order to enhance the trading and investment activities in the war-torn North.

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Kingpin nabbed in Negombo:

Police bust human smuggling racket

A well organised human smuggling racket has been uncovered by the Police. The leader of this human trafficking racket - a multi-millionaire fish businessman from Negombo has been taken into custody, said Inspector General of Police Jayantha Wickramaratna.

Full Story

LECO under investigation

Power and Energy Minister W.D.J. Seneviratne yesterday directed the recently appointed five- member committee to submit a comprehensive report within 14 days in regard to financial frauds running to millions of rupees alleged to have been committed by Lanka Electricity Company (LECO) during the past several years.

Full Story

NAM hails President for crushing terrorism

President Mahinda Rajapaksa represented Sri Lanka at the 15th Summit of the 118 member Non-aligned Movement (NAM) in Egypt as Head of State with the unique achievement of defeating terrorism. He received the acclaim of all Member Countries,

Full Story

Mega fishing development project for North

The Fisheries and Aquatic Resource Ministry in collaboration with the Presidential Task Force on Resettlement, Infrastructure Development and Security arrangements in Northern Province under the Uthuru Wasanthaya accelerated Development programme has invested Rs. 870 million to stabilise the fishing industry in the North.

Full Story

 

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