Today’s Front Page 24-11-2010

Forex fillip

Central Bank Governor Nivard Cabraal chats with Deputy Governor K.G.D.D. Dheerasinghe at the media briefing yesterday.  
Pic by Daminda Harsha Perera

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Royal Ceramics wins Forbes’ award for Asia’s best return on investment short term

Royal Ceramics Plc, which was one of the two Sri Lankan companies to be featured in this year’s Forbes ‘Asia’s 200 Best Under a Billion’ list, clinched a surprise award announced at last night’s ceremony in Hong Kong by being honoured for achieving the best return on investment short term in Asia.

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2011 Budget a shot-in-the-arm for Sri Lankan economy says Heraymila Securities

Heraymila Securities Ltd., yesterday said the 2011 Budget was a shot-in-the-arm for the Sri Lankan economy.

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Rupee at 23-month high on FX easing; Stock market snubs Budget

The rupee currency hit a 23-month high yesterday as the Central Bank relaxed foreign exchange controls aiming to boost external investment, while the bourse fell to a two-month low amid a credit crunch as well as apparent less enthusiasm over Budget benefits.

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Greater onus on private sector to make Budget 2011 a success – PB

(By Uditha Jayasinghe andCassie Mascarenhas)
WITH the right policies and incentives in place, Treasury Secretary Dr. P.B. Jayasundera yesterday placed the onus of making the 2011 Budget a success on the private sector, saying the Government would continue to improve on the enabling environment.

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New ministry secretaries appointed

Following the appointment of Cabinet Ministers on Monday, the President yesterday handed over letters of appointment to the new secretaries to ministries at Temple Trees.

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India fears revival of LTTE, extends ban

New Delhi, (IANS) India has extended its ban on the Liberation Tigers of Tamil Eelam (LTTE) as it fears the revival of the outlawed group, a senior official said here Tuesday.  

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JVP says Govt. has failed to provide relief to people

Janatha Vimukthi Peramuna (JVP) yesterday said the government has failed to provide any relief to the people in its budget proposals for 2011.

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Sri Lanka make slow progress on restricted day

COLOMBO (Reuters) – Sri Lanka, batting first on a new pitch, struggled for runs on a restricted opening day of the second test against West Indies to crawl to 84-3 at the close on Tuesday.

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