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Sunday, 27 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,

 

 

Heavy vehicles for military operations were imported during the past several years. With terrorism eradicated heavy vehicles are now imported for reconstruction and development activities in the North and the East. The heavy vehicles for development activities will replace the tanks and artillery machinery which were a familiar sight earlier. Here Presidential Advisor and Parliamentarian Basil Rajapaksa, MP presents the consignment of heavy vehicles worth millions of rupees to Army Chief Lt. Gen. Jagath Jayasuriya at a ceremony at the Galle Face Green yesterday. China’s Ambassador in Sri Lanka Yang Xiuping is also in the picture.
Pix: Chaminda Hittatiya

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After visiting IDP welfare centres:

UN envoy pleased with progress

While appreciating the efforts made by the government to shelter the IDPs and provide them with all facilities, the Internally Displaced Persons housed at the Menik Farm welfare centre in Vavuniya have told the UN’s top envoy on IDPs that they want to go back to their own villages soon, but that they do not want to suffer under terrorism again.

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Heavy vehicles worth Rs. 2,353 million presented to Army

Over one-hundred heavy vehicles worth Rs. 2,353 million were presented to the Sri Lanka Army for development activities currently under way in the Northern Province. The vehicles purchased from China, include 22 bulldozers, 37 motor graders, nine rollers, 14 excavators and 19 wheel loaders.

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Overwhelming response:

Over 6,500 applications for PCs in North

An overwhelming response with 6,500 applications to recruit police constables in the North has been received in Jaffna, according to the Superintendent of police Jaffna, G. H. Marapana.

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Southern polling cards to be distributed today

Polling cards for the forthcoming Southern Provincial Council (SPC) elections will be distributed today, according to Additional Elections Commissioner Sumanasiri Weerasinghe.

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MTF to set up full-fledged university

The Mahapola Trust Fund (MTF) has decided to set up a full fledged university in Sri Lanka. The MTF met last week under the chairmanship of Chief Justice Asoka De Silva and took several decisions for the benefit of the students and the country’s education sector.

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