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Plantation Development approves Rs. 2,333m

Ramani KANGARAARACHCHI

The Plantation Development Project (PDP) has approved a Rs. 2,333 million worth long term credit facility for 14 Regional Plantation Companies.

These funds will be invested in field and factory development and for mini-hydro power schemes.

Director Plantation Development Project Raja Premadasa said Rs. 1,190 million has been already disbursed and the balance amount from the approved loans will be disbursed during the year.

Another Rs 275.4 million has been invested on worker amenities and Rs 8,86 million on social awareness programmes. Estate workers are no more under the poverty line as they are well looked after and given lot of awareness on social and living standards, Premadasa said.

He said the expectations of the PDP are improving the per hectare productivity of tea, rubber and coconut lands in the corporate sector, to bring it in line with that if other countries, reduction of the cost of production and improving worker productivity, making estate employment attractive to the next generation, minimising out migration of the youth from the estate sector, changing the adverse social stigma towards estate employment by making it more dignified.

The PDP funded by the Asian Development Bank and the Japan Bank for International Cooperation is implemented under the Ministry of Plantation Industries and it supports identified activities in 471 estates managed by the privatised regional plantation companies and Government owned Co-operations and Boards spread out in 14 districts.

The main objectives of the Fund are transformation of the regional plantation companies from producers of primary commodities, to agri business entities, to improve their profitability enhancing the living and working conditions of the estate worker community.

 

Daily Exchange Rates 05.08.2008

Currency

Buying (Rs.)

Selling (Rs.)

US Dollar  107.1400 108.2100
Sterling Pound 206.4200 209.5500
Euro 162.5100 165.3000
Swiss Franc 99.4900 102.0400
Canadian Dollar 100.7800 103.4300
Australian Dollar 95.5000 97.7700
Singapore Dollar 76.2600 77.7300
Japanese Yen 0.9724 0.9926

 

 
Sports News

Susanthika gearing for Olympic challenge

Dinesh WEERAWANSA in Beijing

Ace Sri Lanka woman sprinter Susanthika Jayasinghe had a long work out this morning as she prepares to bag another Olympic medal after eight years. Dazzling gazelle Jayasinghe, who rewrote Sri Lanka’s Olympic history at the Sydney 2000 Games winning her country’s first Olympic medal in 52 years, will be looking for glory at the Beijing Olympic Games here.

The 32-year-old veteran woman sprinter, who proved that she has not lost her old touch with her second IAAF World Championship medal in Osaka last year, will be competing in women’s 200m event of which the first round heats are scheduled for July 19.

Jayasinghe is fresh after a six-month stint in Los Angeles where she has been training under American coach Tony Campbell, the man who guided her to Olympic glory at the Sydney 2000 Games. In order to fully concentrate on her pet event, Jayasinghe will not be competing in women’s 100m here.

“I am in a better shape now. My training in the US helped me to be in perfect shape for the Olympics. Once again, my aim is to make my country proud,” the Lankan sprint queen said after today’s practice session.

But she did not want to talk about her chances here. “Let’s tale everything step by step. Right now, I am concentrating on the first round heats. You have to wait and see how it goes.

That was exactly what I did on my way to my Olympic medal in Sydney, taking race by race and concentrating on my goals step by step,” Jayasinghe said without elaborating anything on her medal chances.

Even at the last IAAF World Championships in Osaka, Japan, only a few people put their bets on Jayasinghe who has now reached the final lap of her distinguish track and field career.

Yet, she reached that gigantic task winning her second medal - a bronze, in the World Championship. In 1997, she became the first Asian to win a medal in the history of the IAAF World Championship, winning women’s 200m silver behind Zahana Pintusevich-Block.


 
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