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Sunday, 14 March 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,

 

 

Hindus keep vigil with devotion to Lord Siva on Mahasivarathri night. Sri Lanka is well known for its ancient shrines dedicated to Lord Siva. Here Hindus engage in rituals at the Sri Ponnambalavanesar temple, Kotahena, which was built in granite by Sir Ponnambalam Ramanathan. Pic: Vipula Amarasinghe

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TNA isolates Tamils in North and East - Prof. Vitarane

The Tamil National Alliance (TNA) leadership was trying to isolate the Tamil community of the North and the East from the rest of the Sri Lankan society by seeking international intervention and support for its rigid stance on a political solution to the Tamil problem, Minister of Science and Technology and leader of the LSSP Prof.Tissa Vitarane said.

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Fonseka, no threat to UNP - Dr. Kodituwakku

The UNP vote base will not be affected by DNA candidate Sarath Fonseka, said Colombo District UNP Candidate, Ex-minister Dr. Karunasena Kodituwakku. He said that the UNP, the oldest political party in the country has a traditional vote base of an average 35 percent in general and 40 percent in the Colombo district.

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Tourism promotion makes headway in North

Tourism promotion in the Northern Province has got off the ground. The Ministry of Tourism in collaboration with the Sri Lanka Army has set up a tourist information centre at Hospital Street in Jaffna town to offer help and facilitate those visiting the northern peninsula, Minister of Tourism Achala Jagoda told the Sunday Observer.

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Thousands throng ’Ketheeswaram temple:

Indian artistes perform at Mahasivarathri

Artistes from India performed yesterday for the first time in three decades at the historical Thiruke-theeswaram Sivan Temple in Mannar on Sivarathri night. The Indian High Commission in Colombo along with the All Ceylon Hindu Congress made arrangements for the Indian artistes to take part in the Sivarathri festival at Thiruketheeswaram, Mannar.

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