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More than 5,000 people packed Colombo’s Sugathadasa stadium for the inaugural conference of the Peratugami Samajawadi Pakshaya (Frontline Socialist Party – FSP) on 9 April 2012. |
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Since the war in Sri Lanka ended in 2009, the government has stepped up work on big infrastructure projects, which it says are the key to its future development. One of the most notable has just been given a grand opening: the island's first motorway, or expressway as it is known locally, leading from the capital's outskirts to the southern town of Galle.
The import and purchasing of essential goods at competitive rates carried out by Lanka Sathosa has now been taken under the Cooperatives and Internal Trade Ministry. The move has been initiated following pressure from racketeering businessmen affiliated to Cooperatives and Internal Trade Minister Johnston Fernando.
Softlogic Finance Company is facing a threat of a financial meltdown, a senior official from the Central Bank of Sri Lanka said.
* Rupee kept steady despite IMF request to limitintervention * Market expects rupee to fall in near future * Shares end weaker amid foreign selling.
