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Sunday, 13 September 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,

 

 

Leading Tamil businessmen garlanded President Mahinda Rajapaksa with golden shawls at Temple Trees on Thursday. The businessmen commended the President for his courageous role in eliminating terrorism in the island and creating a conducive climate for the business community. Picture by Sudath Silva

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Plantation wage increase issue:

UNP, TUs take undue advantage- CWC President

The UNP and certain Trade Unions were trying to take undue advantage over the plantation wage increase issue, said CWC President and Deputy Minister of Nation Building and Estate Infrastructure Development Muthu Sivalingam.

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Sri Lanka to raise post-conflict issues at HRC

Sri Lanka will discuss the Government’s plans in the post conflict scenario and the controversial Channel 4 issue at the UN Human Rights Council (HRC) which commences tomorrow in Geneva. This is the first session that Sri Lanka is taking part in after eradicating LTTE terrorism.

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All set for SPC election

All arrangements have been made for the Southern Provincial Council (SPC) election. There are 1,761,859 registered voters in the 21 electorates (761,815 - Galle district, 578,858 - Matara district and 421,186 in the Hambantota district). Additional Elections Commissioner Sumanasiri Weerasinghe told the Sunday Observer.

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Mega Show on ITN tonight

Observer-Mobitel schoolboy cricketer of the year:

Catch the excitement of the Mega Show which has produced Sri Lanka’s cricketing legends for over three decades! The 31st Observer-Mobitel Schoolboy Cricketer of the Year awards ceremony at the BMICH will be telecast on ITN at 10.10 tonight. It was a night to remember with tomorrow's cricketing heroes being rewarded for their outstanding achievements during the recently concluded inter-school cricket season.

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