Sunday Observer Online


Sunday, 05 June 2016


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Marriage Proposals
Government Gazette
Subsidy: The fertilizer subsidy proposed in Budget 2016, for tea and rubber smallholders and coconut cultivators will be given from next week

More transparent Treasury Bond auctions

The Monetary Board last week recommended several measures to ensure more transparency in Treasury bond auctions. The Central Bank said in a statement it recommends the bond management team to hold pre-bid meetings with all the Primary Dealers to share information on market,


Oil firms submit several proposals

Offshore surveys in Mannar, Cauvery basins:

International companies specialising in hydrocarbon exploration have submitted several proposals to do surveys in the offshore Mannar and Cauvery basins to acquire data about the potential for oil and gas deposits, Petroleum Resources Development Secretariat (PRDS), Director General Saliya Wickramasuriya said.


Flood insurance claims to surpass Rs.7b mark

25% of claims already settled:

Insurance companies have already settled over 25% of the claims made by the flood-affected people across the country, a top official of the industry said. The industry expects the value of the claims to surpass the initial estimate of Rs. 7 billion as the number of claims is expected to go up when people fully settle down over the next few weeks.


Biz ethics vital for inclusive development

Proper implementation of business ethics in organizations can ensure maximization of lawful profits and effectively protect the interests of all stakeholders. This eventually can ensure a viable and competitive business environment, Chairman, Securities Exchange Commission, Tilak Karunaratne said.


WB loan to develop three major towns

The World Bank has approved a $55 million loan to Sri Lanka to improve urban services, preserve cultural and environmental assets, and improve livability in Jaffna, adding the city to an existing project to develop Galle and Kandy. The loan will add development of rapidly urbanizing Jaffna to the existing Strategic Cities Development Project (SCDP),



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