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Sunday, 21 February 2010

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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,

 

 

Nanthikadal reservoir springs to life: The serene beauty of Mother Nature has returned to Nanthikadal in the Mullaitivu area. There was a pitched battle around this time last year between the Security Forces and the LTTE terrorists. This reservoir in the Nanthikadal area where these lotus flowers in full bloom was captured by Sunday Observer photo journalist Tilak Perera, last week.

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After April 8 General Election:

President to invite all parties to resolve national issues


President Mahinda Rajapaksa said yesterday that soon after the April 8 general election, he would invite all political parties again for deliberations on resolving the national issues. “Soon after these parliamentary elections, I will call all leaders of political parties and start talking to them,” President Rajapaksa told The Hindu in an exclusive interview.

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‘Betraying very people they claim to represent’:

TNA has no moral right to contest polls - Anandasangaree


The Tamil National Alliance (TNA) led by R. Sampanthan has no moral right to contest parliamentary elections because they entered the last Parliament fraudulently as LTTE proxies and their political life ended with the elimination of that terrorist outfit, said leader of the Tamil United Liberation Front (TULF) and veteran Tamil politician V. Anandasangaree.

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Split in Opposition alliance:

JVP denies any alliance with UNP


The Janatha Vimukthi Peramuna (JVP), which was on a common political platform with the UNP at the presidential polls has strongly denied having any alliance with the UNP. The Opposition alliance, which was on a common platform to win their common candidate the former army chief General Sarath Fonseka at the presidential election, has split and the parties in the alliance including the UNP has decided to contest the forthcoming parliamentary polls alone.

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Two political parties, independent groups file nominations


With nominations for the forthcoming general elections opening on February 19, two political parties and two independent groups filed their nomination lists on Friday while other political parties and independent groups were busy finalising their nomination lists. Elections Secretariat sources told the Sunday Observer that two recognised political parties the Janasetha Peramuna and Jathika Sanwardhana Peramuna were the first to file their nominations for the forthcoming elections.

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