Govt targets US$ 1 b tourism revenue

Aggressive promotional campaign to be launched :

The Government is to embark on an aggressive tourism promotional drive aimed at achieving a US$ 1 billion earnings target within the next two to three years while opening employment avenues in the leisure sector.

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Japan provides Rs. 35,300 mn for three projects

The Japanese Government has pledged Yen 39,233 million to Sri Lanka under its Official Development Assistance loan scheme in support of development efforts of the country.

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Leisure sector welcomes debt moratorium

The leisure industry yesterday welcomed the Cabinet decision to provide a debt moratorium for the tsunami-affected hotels and also to defer the charging of US$ 10 from tourists visiting Sri Lanka.

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Editor ial:The Opposition's Amnesia Hindu Temples of Sri Lanka Security Forces victory in the East key to protecting the North Hope and Transition more »	COPE findings will be fully probed - Media Minister Workers' rights and benefits will be protected - Posts Minister more »	Tamil Nadu and LTTE menace Navy destroys two LTTE boats killing nine Sea Tigers more »

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Wide acceptance for the new Companies Act Corporates in crude palm oil venture Blueprint for Chillies 2007 to be upgraded more »	Nepal Parliament urges Govt to act against king Iran ready for war or talks to resolve nuke issue Pakistan Minister a victim of Islamist 'serial killer' more »	Confident Thurstanites out to break 15-year hoodoo Inter-int'l schools meet off the blocks today WCA - one of the most transparent sports bodies - Gwen Herat more »

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Wide acceptance for the new Companies Act

Greater accountability demanded of Governing Boards; shareholders' rights strengthened :

A new Companies Act shortly to come into force constitutes a bold reformation of the country's present Companies Act. The new Companies Act specifies the demanding responsibilities and proportionate accountability imposed on Directors in the governance of their companies.

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