Sunday Observer Online


Sunday, 30 June 2013


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Marriage Proposals
Government Gazette
Spill water of the Kotmale reservoir has blocked the road downstream of the Mahaweli river creating transport difficulties. With continuous rain for nearly a month, the hydro power reservoirs in the Kotmale, Polgolla, Victoria, Castlereigh and Lakshapana spilled over. Increased hydro power capacity may help the Ceylon Electricity Board to manage the serious financial crisis it faces while ensuring sufficient water for Yala season paddy cultivation. However, heavy rain also created many issues for people as all their economic activities were affected. Pic: Susantha Wijegunasekera

New chapter in Indo-Lanka ties :

Bilateral trade surpasses $ 4b

As bilateral trade between Sri Lanka and India surpassed $ 4 billion, a new chapter was opened in Indo-Lanka trade ties with the first Joint Task Force (JTF) coming into being. Greater Indian market access for Lankan exporters and prompt resolution of trade obstacles are the other developments.

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Mega projects will boost economic growth

There are two aspects of mega investment projects that the country should be mindful of; economic growth and its sustainability. This should be supplemented by long-term economic policies, former Industrial Development Board Chairman, Udayasri Kariyawasam told Sunday Observer Business.

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ADB grants $ 200 m loan for secondary schools

The Asian Development Bank (ADB) has approved $ 200 million in loans to help the Government revamp its secondary school system to check youth unemployment and meet the country’s urgent need for a skilled workforce. “The current system needs a major overhaul so that young people will have the skills to enter the labour market,

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'Urban infrastructure development essential'

Sri Lanka will be among the fastest growing countries in the region due to its strategic location and educated workforce, said Chief Economist for India and ASEAN, HSBC Global Research, Singapore, Leif Eskesen at the 174th Annual General Meeting of the Ceylon Chamber of Commerce last week.

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Gold price falls

Gold has continued its drop, falling to its lowest level in almost three years, after the US Federal Reserve said it may wind down its stimulus program. Gold fell to $1,191.21 an ounce in Asian trade, after breaching the $1,200 mark in New York on Thursday for the first time since August 2010.

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Promoting SMEs, NBEA's aim

Promoting small and medium scale enterprises (SMEs) is the primary objective of the National Business Excellence Awards (NBEA), said National Chamber of Commerce of Sri Lanka (NCCSL), President, Sunil Wijesinghe at the launch of NBEA.

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