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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2648

Monthly archive

UK Business Mission To Sri Lanka: 2 – 5 April 2011

Thirteen companies and representatives from two universities from Northern Ireland will be exploring the post war business opportunities with Sri Lankan companies and government officials in Colombo, from 2-5 April says the British High Commission.

India’s population at 1.21 billion

India's population rose to 1.21 billion people over the last 10 years - an increase by 181 million, according to the new census released today, but significantly the growth is slower for the first time in nine decades.

Sri Lankan Treasury Bill rates unchanged

Sri Lankan benchmark Treasury bill rates settled flat at primary market auction as banks have little option, but invest with excess liquidity in the system still high, money market sources told Asian Tribune.

Another financial year ends in green at Colombo Bourse

As expected, blue chip counters recorded gains pushing the Milanka Price Index (MPI) up on Thursday, 31 March 2011. However, the momentum may slow down with the end of financial year according to brokers. Illiquid small and mid cap counters might get attention with the end of the deadline to reduce credit at broking houses.

Apex court agrees with CAG figures on Spectrum loss

The Manmohan Singh government and some of its Ministers like Kapil Sibal had challenged the Comptroller and Auditor General's report that blew the lid off the 2-G Spectrum and its estimated loss of Rs 1.76 lakh crore, but the Supreme Court virtually endorsed the auditor's findings and said they tally with those of Central Bureau of Investigation.

Bank Loans for Poor Sri Lankan University Students to meet their academic expenses

The Cabinet of Ministers of Sri Lanka in their weekly meeting held on 30th March, under the chairmanship of President Mahinda Rajapaksa has approved a proposal made by the Higher Education Minister to bring in legislation to provide Bank Loans for University Students to meet their academic expenses since it has been found that the bursary given at present is not adequate to meet their expenses.

Japan through JICA Helps Boost Rural Agriculture in Sri Lanka

The Ambassador of Japan in Sri Lanka Mr Kunio Takahashi, Dr. P. B. Jayasundera - Secretary to the Treasury and Mr Akira Shimura - the Chief Representative of the Japan International Cooperation Agency (JICA) signed a Yen 360 million (approximately LKR 468 million) grant agreement to improve productivity of rural farmers, at the Ministry of Finance and Planning on 31 March 2011.

Today: Another batch of rehabilitated LTTE Cadres to be handed over to their parents

Sri Lanka’s Minister of Rehabilitation and Prison Reforms Mr. Chandrasiri Gajadeera said that socializing of rehabilitated LTTE cadres who surrendered to the government has been very successful, and only about four thousand LTTE cadres are yet to be rehabilitated.

Sri Lanka: Pension for private sector From Next Month- Minister Basil Rajapaksa

Sri Lanka’s much-awaited private sector pension scheme which will benefit over 800,000 employees will be introduced from the 01st of May this year, says the Minister of Economic Development Basil Rajapaksa.

UK announces increments in pension of former Gurkha servicemen

UK government has announced 9.6 percent increments in the pension of former British Gurkha servicemen with effect from April 1.

Sri Lanka: CIMA to help Ceylon Electricity Board

The international chairman of the Chartered Institute of Management Accountants (CIMA) Mr. George Glass said today that the CIMA is willing to support the Ceylon Electricity Board to strengthen their financial administration.

‘Lanka’s per capita for 2010 has increased by a strong 16.6% to US $2399’ – Minister Bathiudeen

Sri Lanka’s per capita GDP in 2010 has increased by a strong 16.6% to US $2399 said Minister of Industry and Commerce Rishad Bathiudeen. He also pointed out that the US continues to remain as Sri Lanka’s single largest export destination. Minister Bathiudeen revealed this to a high level US business delegation visiting Colombo.

Sri Lanka: An expert panel to counter Payment Devices Frauds

Sri Lanka has appointed an expert panel to counter Payment Devices Frauds says the Cabinet Spokesman Keheliya Rambukwella.

Latter half lift at Colombo Bourse

A buying session witnessed towards the end could not recover the initial dip in Colombo stock indices on Wednesday the 30 march 2011. “Conditions are still lackluster as expected. However, the buying momentum witnessed in the latter half is expected to continue tomorrow focusing on blue chip counters.” Brokers said.

Rio declares Manipur, AP Units of Naga People’s Front at Kohima

Naga People’s Front (NPF), main ruling regional political party in Nagaland, has today formally declared formation of Manipur and Arunachal Pradesh Units with adhoc office bearers appointed.

Burma Swaps Military Rule For Civilian Parliament

Christian Solidarity Worldwide (CSW) has warned that although Burma’s State Peace and Development Council have been officially disbanded, there is no prospect of true democratic reform for the country.

Though Cricket World cup final unpredictable, Dhoni will be the 2nd captain to lift it for India

India’s numerologist predicts that the results of the Cricket World Cup battle in the final are almost unpredictable. “Still I find that India will miraculously escape from the Lankan Tsunami and Dhoni will be the 2nd captain to lift the WC for India”.