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Sunday, 25 April 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,

 

 

Like father, like son: The maroon shawl (Kurahan Saatakaya) is an enduring political legacy as well as a powerful symbol which signifies the affinity between the rural masses and the Rajapaksa family, which has its roots in Medamulana in the deep South. The tradition was started by President Mahinda Rajapaksa’s father, the late Minister D.A. Rajapaksa. In a touching moment, President Rajapaksa presented a Kurahan Saatakaya to his eldest son Namal, just before he departed for Parliament to take oaths as a newly-elected MP on Thursday while First Lady Shiranthi Rajapaksa looks on. With his entry to Parliament, three generations have donned the unique shawl in the service of the nation and its people. Pic: Sudath Silva

Parliamentary General Election 2010 - Results

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Yoshitha:

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Mano Ganeshan disillusioned:

DPF campaign to block Tamil support for UNP

The Democratic People’s Front (DPF), which was denied a National List slot by the UNP led alliance - UNF, said that they have commenced a campaign against the UNP to prevent Tamils voting for the UNP, which has overlooked the minority representation in the new Parliament.

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Rukman calls for change in UNP leadership

It is time for the UNP leadership to be replaced with a leader such as Hambantota District MP Sajith Premadasa, said former Assistant Leader of the UNP Rukman Senanayake.

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Giant TV screens a hazard to motorists - CMC Commissioner

The Colombo Municipal Council (CMC) has expressed concern over the installation of giant television screens in the city of Colombo and called upon those responsible to remove them forthwith, as they cause accidents.

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Mervyn Silva, new Dy Minister for Media

Former Minister of Labour Dr. Mervyn Silva has been appointed Deputy Minister for Mass Media and Information in the new Cabinet. He contested from the Gampaha district and secured the third highest number of preferential votes for the UPFA.

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Keen tussle for Most Popular crowns

There has been tremendous enthusiasm in the final rounds of voting for the Observer-Mobitel Most Popular Schoolboy Cricketer of the Year contests. As the grand finale is fast approaching, there has been heavy voting.

Full Story

 

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