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Vote of confidence in Sri Lanka:
IMF sanctions US$ 2.6 b to boost economy, reconstruction
The International Monetary Fund (IMF) on Friday approved a US$ 2.6
billion loan to Sri Lanka, in a move seen as a vote of confidence in
the Government’s economic policies and the North-East reconstruction
effort.
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Campaigns intensify for LG polls in Vavuniya and Jaffna
With the Vavuniya UC and Jaffna MC polls two
weeks away, political parties and independent groups contesting the
polls have intensified their campaigns - house to house canvassing,
holding pocket and public meetings while releasing election
manifestos, according to reports.
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Boost for power supply in Vavuniya
A large transformer was transported last week by
road from the Wattala- Aniyakande power sub station to the Vavuniya
power sub station under the 180 day Uthuru Wasanthaya program.
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All set for Indo-Lanka ferry service
The Government has taken measures to commence the proposed ferry
service linking Colombo-Cochin and Tuticorin, Transport Minister
Dullas Alahapperuma said. The Minister told the inauguration
ceremony of the second SAARC Transport Ministers Conference at the
Colombo Hilton yesterday.
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Over 1,000 HIV/AIDS affected persons reported:
Minister calls for vigilance in workplaces
Labour Relations and Manpower Minister Athauda Seneviratne yesterday
said that over 1,000 HIV/AIDS affected persons have been reported
from various parts of the country and called upon the managers of
all public and private sector institutions to be vigilant over such
workers, employed within their workplaces.
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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.
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.
The overall prospects for financial sector in 2012 are favourable in view of the conducive domestic micro economic conditions and growth momentum envisaged.
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.
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 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.
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.
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.
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.
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 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.
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,
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,
