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Sunday, 15 November 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,

 

 

Happy Birthday Mr. President:
The Sunday Observer wishes President Mahinda Rajapaksa many happy returns and every success in all his efforts to protect Mother Lanka on his 64th birthday on Wednesday.

Victorious President - Sunday Observer Special Supplement

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Five proposals to bring enormous benefits:

Mammoth crowd expected at SLFP National Convention

Thousands of SLFP provincial leaders and representatives will assemble at the Kettarama grounds in Colombo today for the SLFP National Convention to be presided over by President Mahinda Rajapaksa.

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You can live in peace and harmony - President

“Never in the future will there be a situation of terror and disharmony. You can live in peace without fear. The Government has launched `Navodayam’ development program in the East and ‘Vasantham’ program in the North.

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Sri Lanka invests $ 2 b on infrastructure - Dr Amunugama

Sri Lanka is investing heavily to develop its infrastructure. An investment of US$ 2 billion to upgrade roads, rail tracks, airports and power will be the main driver of GDP into the next decade said Public Administration and Home Affairs Minister and Finance and Planning Deputy Minister Dr. Sarath Amunugama.

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Essential food items:

Price reductions, a boon to consumers

The prices of essential items such as rice, sugar, dhal, gram, canned fish, big onion, potatoes dried chillies and garlic have been reduced by the Government. The benefit received by consumers due to the essential items price reduction was like an increase in the monthly salary or a reduction of the cost-of-living,

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Jaffna, Colombo travel restrictions relaxed

With the opening of the A9 road any Sri Lankan can travel to Jaffna from Colombo or vice versa without the security clearance certificate that was required earlier Northern Province Governor Maj. Gen. G. A. Chandrasiri said.

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