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Honoris Causa for President :
Sri Lanka to get $ 300m Russian loan
The bilateral agreement for a US $ 300 million
loan from Russia will be signed during President Mahinda Rajapaksa’s
three-day visit to Moscow. President Rajapaksa who is making his
first official visit to Russia after his re-election for the second
term, left for Russia yesterday,
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TNA, SLMC must talk to President:
Positive stance vital to fulfil N-E aspirations
The minority parties, particularly the Tamil
National Alliance (TNA) and the Sri Lanka Muslim Congress (SLMC)
must talk to President Mahinda Rajapaksa and take a positive stance
towards fulfilling the political aspirations of the people in the
North and the East,
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Resettlement of 97,000 IDPs expedited after polls
The Government has expedited the resettlement of
97,000 Internally Displaced Persons (IDPs) living in welfare centres
and with foster families in Vavuniya, from February 2. It was
delayed due to the January 26 presidential polls.
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President’s re-election will lead to settlement - Indian FM
External Affairs Minister S.M. Krishna on
Thursday said with his re-election as the President of Sri Lanka,
Mahinda Rajapaksa would utilize this opportunity to work for a
settlement with all ethnic minorities in his country.
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More tourist arrivals in East
The number of local and foreign tourist arrivals
has increased in the Eastern Province during the past two months,
sources said. Several scenic beach locations in the Eastern
Province, which were devastated for three decades due to LTTE
terrorism and the tsunami disaster,
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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.
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.
The overall prospects for financial sector in 2012 are favourable in view of the conducive domestic micro economic conditions and growth momentum envisaged.
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.
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 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.
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.
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.
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.
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 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.
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,
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,
