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Sunday, 6 December 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,

 

 

Army women fly high: For the first time in the history of Sri Lanka Army, three women paratroopers passed out last Friday. Here the three women para-troopers after their jump - Captain Samangi Vidhanage, Corporal R.A.N. Hemanthi and Corporal Kalyani Kahawala of the Women’s Corp at the passing out parade held at the Sri Lanka Air Force Base in Uhana, Ampara.

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Rupavahini, ITN staffers injured:

Media groups, HR orgs. condemn attack:

TV crew assaulted at UNP convention

 

An unidentified group of men set upon ITN journalists who went to cover the United National Front meeting at Welisara. Five journalists including cameramen from the Independent Television Network (ITN) covering the special political convention of the United National Front at the Nawaloka Grounds, Welisara were set upon by a group of UNF political supporters and attacked, Police sources told the `Sunday Observer.’

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Many popular senior UNPers in the party, says Johnston Fernando:

UNP heavyweights willing to contest Presidential poll


A big split in the United National Party is imminent. UNP National Organiser, S. B. Dissanayake, Kurunegala District Parliamentarian Johnston Fernando, former CMC Deputy Mayor Azath Sally and senior members of the party were absent at the UNP convention at the Nawaloka grounds, Mahabage, Welisara yesterday.

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TNA to decide on talks with UPFA


The Tamil National Alliance (TNA) will meet tomorrow to discuss the invitation extended by the United People’s Freedom Alliance (UPFA) for talks over the forthcoming Presidential polls, according to TNA Parliamentarian Suresh K. Premachandran.

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EPDP to support President


The Eelam People’s Democratic Party (EPDP) has decided to support President Mahinda Rajapaksa at the forthcoming Presidential poll. EPDP General Secretary and Minister of Social Services Douglas Devananda told a media briefing in Colombo on Friday that the party will support President Rajapaksa at the Presidential poll.

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Women paratroopers fly high in the Army


For the first time in the history of the Sri Lanka Army a woman officer and two women soldiers passed out as paratroopers and made their first aerial jump at the Sri Lanka Air Force Base in Uhana, Ampara on Friday. Capt M.N.S. Vidanage of the Fourth battalion of the Women’s Corp, Coporal R.A.N. Hemanthi of the Third Battalion and Corporal K.S. Kahawala of the Fourth Battalion of the Women’s Corp passed out as Paratroopers successfully completing the 52 Basic Parachute Course conducted at the Sri Lanka Air Force Base in Uhana, Ampara.

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