Sunday Observer Online


Sunday, 27 May 2012


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Marriage Proposals
Government Gazette
Members of Japanese pop group AKB48 performing at the Lincoln Theater in Washington. Japan's cash-strapped government is turning to wildly popular music group AKB48 to help it sell government bonds, as interest in the
low-yield paper wanes, reports said. AFP

Production-based lending vital- Treasury Secretary

Sri Lanka's Banking sector should shift from the present trade-based lending to a production-based lending policy, to support the economy of the country, said Treasury Secretary, Dr.P.B.Jayasundera. He was addressing the media at the launch of the 2011 Annual Report of the Ministry of Finance.

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TFC on sound growth trajectory- TFC chairman

The Finance Company (TFC) is on a sound growth trajectory and it is not affected by the recent NSB-TFC share transaction, said TFC Chairman, Preethi Jayawardena. He said that the transaction was a private affair between owners of the shares of the National Savings Bank and added that it has no impact whatsoever on the TFC or its depositors.

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Whistle blowing vital to prevent fraud

The number of fraudulent activities in Sri Lanka had increased by 83 percent during the past two years, a fraud survey analysis by KPMG revealed. Companies lose around five percent of their annual turnover as a result of fraud in financial statements, misappropriation of assets and corruption, the survey revealed.

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SriLankan scores on punctuality

SriLankan Airlines first quarter(Jan-March) punctuality record reveals an impressive high average, exceeding the airline’s punctuality benchmarks for all flights departing Colombo and destinations in the entire network. The punctuality average maintained for flights departing Colombo within 15 minutes of the scheduled time has been 89 percent,

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Kolonna -Balangoda water supply project:

Funding from People's Bank

The Kolonna Water Supply Project will provide safe drinking water for the Kolonna town and its suburbs (Aereporuwa, Kolonna, Maduwawnela, Nandanagama, Kella, Ambagahayaya, Pupulketiya, Hambeli-Ara,Walakada) and will extend up to Udagama junction.

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CEO, MD Taprobane Securities suspended - SEC

A media release issued by the Securities and Exchange Commission(SEC) stated that the SEC had issued a directive dated May 23 to the Chairman and Board of Directors of Taprobane, Securites (Pvt) Ltd to suspend with immediate effect CEO and Managing Director of Taprobane Securites (Pvt) Ltd,

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