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Sri Lankans ‘fulfil sacred duty’:
Landmark judgement will usher in economic prosperity - President
UPFA secures 117 seats out of 180 announced
President Mahinda Rajapaksa has pledged to use the
landmark ‘judgement’ by the voters at Thursday’s parliamentary general
election to usher in economic prosperity and take the country to new
horizons.
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People endorse UPFA policies - PM
With the resounding victory of the ruling UPFA
at the parliamentary polls, the people have endorsed its policies,
Prime Minister Ratnasiri Wickramanayaka told the Sunday Observer. He
said that the people have reposed confidence in President Mahinda
Rajapaksa.
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Basil Rajapaksa hails people for victory
Senior Presidential Advisor, Parliamentarian
Basil Rajapaksa who received the highest number of votes at
Thursday’s election, thanked the people for making the landslide
victory, a reality. “Such a remarkable victory may never have been
achieved in Sri Lanka’s political history and this may be the first
of its kind in the world,” he told the Sunday Observer.
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UNP needs many changes - Tissa Attanayaka
UNP General Secretary Tissa Attanayaka told the
Sunday Observer that the party needs a number of changes in the
future. He said no one could say Thursday’s election was a severe
defeat for the UNP, considering the massive 2,336,691 votes it
secured.
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KB’s grandson committed to people’s well-being
Politics is meant solely for the development of
the country and the well-being of the people. We should work hard to
ensure a better future for the youth, as enunciated in the Mahinda
Chintana - Idiri Dakma, said the newly elected MP for Anuradhapura
Asanka Sehan Semasingha.
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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,
