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Sunday, 15 August 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,

 

 

The harbour basin of the new Hambantota Port will be filled with sea water today, at a ceremony presided over by President Mahinda Rajapaksa, who spearheaded the mega project. He made a surprise visit to the project site in the eve of the ceremony. Here the President takes a look at the harbour basin, accompanied by Ports and Aviation Deputy Minister Rohitha Abeygunawardena and parliamentarian Namal Rajapaksa. The 2,000 hectare Port site will be a hive of activity over the next few months.  The first ship will berth here in November this year.  The US$ 1.5 billion Port, funded by China, will eventually attract around 8,000 ships annually when all phases are completed.
Pic: Sudam Gunasinghe

Karadiyawara Mangalyaya -  Filling of sea water to the harbour basin of the Hambantota Port

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MV Sun Sea migrants screened for Tiger suspects:

Canada shuts out human traffickers, terrorists

As Canadian authorities began screening the 490 migrants on board the MV Sun Sea for suspected LTTE terrorists, a Canadian Minister said Canada should close its doors to terrorists and human traffickers. “We are very concerned that there are elements of the LTTE on board this vessel, and indeed may be co-coordinating this activity as part of a larger enterprise,” Canada’s Public Safety Minister Vic Toews told reporters.

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Forces help clean mosquito breeding grounds in city

The cleaning of mosquito breeding grounds in the Colombo city has seen remarkable progress within the past few weeks after Forces personnel joined the campaign, the Chief Medical Officer of the Public Health Department of the Colombo Municipal Council, Dr. Pradeep Kariyawasam said.

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‘War is bigger than any one, man or woman - private or general’

Discipline takes top priority and is even more important when it comes to the military establishment of a country. The best example is from the United States which sacked a 55-year-old General with three decades of experience. General Stanley A. McChrystal, an Army veteran with three decades of experience in military was sacked by the US President Barack Obama recently.

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