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Sunday, 22 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,

 

 

“Now you are free to move around,” Senior Advisor to the President and Chairman of the Northern Development Task Force Basil Rajapaksa MP told Internally Displaced Persons at the Menik Farm, Chettikulam yesterday. He said that they are free to go wherever they wish. Pic: Chaminda Hittatiya

Sunday Observer special editorial supplement to mark the fourth anniversary of President Mihinda Rajapaksa assuming office as Sri Lanka’s fifth Executive President on November 19, 2005

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On directive of President:

Restrictions on IDPs lifted from December 1

Amidst the applause of thousands of Internally Displaced Persons (IDPs), Senior Presidential Advisor and Chairman of the Task Force for Northern Development Basil Rajapaksa MP said that all restrictions on Internally Displaced Persons in the Wanni will be lifted from December 1.

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President will announce polls date soon - Premajayantha

President Mahinda Rajapaksa will announce the date soon if he is going to face an early Presidential poll UPFA General Secretary and Minister of Education Susil Premajayantha said.

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Former Aussie FM disputes ‘refugee’ claims by boat people

Disputing that the 255 boat-load of people from Sri Lanka could be genuine refugees, former Australian Foreign Minister Alexander Downer last week said the scrapping of immigration and border protection policies of the previous Howard government had put the people smugglers back in business.

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Meeting in Zurich, Switzerland:

Tamil, Muslim parties to arrive at ‘common ground’

Several political parties, representing the minority Tamils and Muslims in Sri Lanka gathered in Zurich, Switzerland to arrive at a ‘common ground’ on issues affecting the minorities in the island nation to negotiate with the Government, according to Social Welfare Minister and EPDP Leader Douglas Devananda.

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ACHC hails President

The All Ceylon Hindu Congress (Federation of Hindu Religious Associations and Trust in Sri Lanka) has lauded President Mahinda Rajapaksa for expediting the resettlement process of Internally Displaced Persons (IDPs) and providing facilities for the IDPs who have been already resettled in their original places and opening the A-9 highway.

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