China to finance major power projects

Including Second, Third phases of Norochcholai power plant:

The Chinese Government has expressed its consent to finance major power projects including the Second and Third Phases of the Norochcholai coal fired power plant project which will add 600 MWs to the National Grid, Power and Energy Minister Mahindananda Aluthgamage who participated at bilateral talks with the Chinese Government officials here in Beijing, told the Daily News yesterday.

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Two Chinese firms agree to begin work on Hambantota Port project

The discussions between President Mahinda Rajapaksa and the Chinese Government on Wednesday ended fruitfully with two Chinese engineering companies agreeing to begin construction work on the proposed Hambantota port within the next two months, Sri Lanka Ports Authority (SLPA) Vice Chairman Priyatha Bandu Wickrama told the Daily News yesterday.

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Sale of telecom services to N-E through third parties banned

The Defence Ministry yesterday directed the Telecommunications Regulatory Commission to ban the sale of all telecom services through third parties in the North and East after evidence linking the LTTE of using the retail network for terrorist activities, a release from the Defence Ministry said.

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Editorial: Another eye-opener for the world An unwavering commitment to protect people’s fundamental rights Attack on diplomats mirrors Tigers’ loathing for international community Books and Bachelors more »	UNP crossovers suppressed fact: Opposition Leader more »	Sale of telecom services to N-E through third parties banned Australia likely to ban LTTE soon more »

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Prediction of record heights in 2007 for net foreign inflows NAMAL launches Lanka’s first close ended fund Apparel industry - a major boon to Lanka’s economy more »	US, North Korea to begin normalisation talks next week Two Koreas haggle over aid, family reunions Bangladesh elections put on hold more »	Evenly balanced teams in battle today Big Dwayne sparks Bermuda dreams Ragama CC in thrilling win over SSC more »

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Prediction of record heights in 2007 for net foreign inflows

Channa Kasturisinghe

BOURSE: Although, there have been attempts by certain sections of the media to create a wrong picture that foreign investors are pulling out from the Colombo Stock Exchange (CSE) stock analysts expect 2007 to be a record year in terms of net foreign inflow.

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