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[Last Updated = Sun, May 27, 2018, 09:50 am SL Time]
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President tours flood-hit Chilaw area to observe relief operations

May 26 (CP) Colombo- Sri Lankan President Maithripala Sirisena Sunday visited the flood-hit Chilaw area in the northwest to observe the relief services provided to the people affected by the floods. The President met with the political representatives and state officials in the area at the Mahawewa Divisional Secretariat office and inquired about the relief arrangements for the people.
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LEGAL - SITUATION

May 27 (CP) Colombo- Sri Lanka police have arrested a local politician and four others for allegedly stealing water pumps worth Rs. 39,500 from an agriculture land at Gandariyagama, Ipalogama
 

May 27 (ST) The US Department of Justice is moving to indict former Sri Lankan Ambassador Jaliya Wickremesuriya on money laundering charges, an authoritative source said.
 

May 27 (SO) Commenting on the legal battle against JO Parliamentarian Udaya Gammanpila, wife of foreign investor Brian Shaddick, Janet Elizabeth Shaddick said the couple was disheartened by the practical difficulties they faced in continuing the case which was being prolonged due to inherent issues in the legal system.
 

May 26 (CP) Colombo- Sri Lanka's cricket board has invited retired judge of the Supreme Court of Sri Lanka, Justice Rohini Marasinghe to conduct an independent inquiry into the allegations of match fixing against Panadura CC and Kalutara PCC.
 

More : LEGAL - SITUATION
* No breakthrough into killing of Municipal Councillor (26 - Island)
* Jaliya Wickremasooriya’s warrant re-issued on sureties (26 - DN)

NEWS - HIGHLIGHTS

May 26 (CP) Colombo- Sri Lanka's cricket board today said it will extend its fullest cooperation to the International Cricket Council to investigate the latest allegations levelled via media reports, over 'match fixing'.
 

May 26 (CP) Colombo- At least 20 persons have died and more than 150,000 people have been affected due to the adverse weather conditions prevailing in Sri Lanka for nearly a week. Two people are missing and another 10 persons have been injured.
 


FINANCE - TRAVEL

May 27 (CP) Colombo- (By Steven Mayes, Managing Director, JLL Lanka) Much has been made in the media lately, about foreign direct investment in infrastructure in Sri Lanka, principally from China, and concerns about Sri Lanka becoming over reliant on such sources for its development.
 

May 27 (Island) Fiserv, Inc, a leading global provider of financial services technology solutions, today announced that Merchant Bank of Sri Lanka & Finance PLC (MBSL) has furthered its ongoing business transformation
 

May 27 (ST) Sri Lanka Telecom PLC (SLT), the national telecommunication service provider, is facing another crisis as some of its key divisions are likely to be closed down, with workers moved to other sections,
 

May 27 (SO) Sri Lanka needs to promote the consumption of fresh milk as a source of protein. However, there is an issue as the production of fresh milk is not very lucrative for the small scale farmer in the long run, said Management Consultant, Maliban Milk Products (Pvt) Ltd, Asoka Bandara.
 

May 26 (CP) Colombo- Sri Lanka's blue chip conglomerate John Keells Holdings (JKH) recorded a 21 percent increase in the Group's recurring Profit Before Tax (PBT) to Rs. 27.63 billion for the financial year 2017/18.
 

More : FINANCE - TRAVEL
* CICT adjudged best container terminal in Asia for second successive year (26 - Island)
* New Zealand provides assistance to boost Lanka’s dairy, horticulture sectors (26 - DM)

POLITICS - GENERAL

May 27 (CP) Colombo- Prime Minister Ranil Wickramasinghe will visit Jaffna and Kilinochchi districts on Monday to evaluate the progress of the development projects implemented in the Northern Province.
 

May 27 (CP) Colombo- For years, the British Council Colombo Library has challenged the traditional perception of a library. While being home to the best selection of books and learning resources in Colombo the venue is also well known as a gathering space for artists, thinkers and thought leaders.
 

May 27 (Island) Sri Lanka – China FTA would result in higher gains for Sri Lankan exports compared to products imported from China which are already entering Sri Lanka duty free, a recent study showed. The study carried out by the Economics Research Team of Verité Research, however, noted that the analysis is limited to the impact of tariffs.
 

May 27 (ST) The Treasury has turned down a request from the Highways Ministry to allocate an additional Rs 100 billion for the completion of road network projects before the end of the year.
 

May 27 (SO) Political opponents slammed former Sports Minister Dayasiri Jayasekera after he acknowledged taking a campaign contribution of Rs. 1 million from Walt Row and Associates, a company linked to Perpetual Treasuries, ahead of the August 2015 parliamentary election, even as his party ran on the ‘bandumkare’ or Treasury Bond scandal slogan at the same poll.
 

Nay 27 (BDN) Nine years after the war between the Sri Lankan armed forces and the Liberation Tigers of Tamil Eelam (LTTE) ended in May 2009, reconciliation between Sri Lanka's majority Sinhalese and minority Tamils still appears to be a far cry.
 

May 26 (CP) Colombo- Minister of Provincial Councils, Local Government and Sports Faizer Mustapha has said that a six-member committee will be appointed for the amendment of the Sports Act.
 

May 26 (CP) Colombo- The government has allocated Rs. 33.8 million to provide relief to those affected and displaced by the floods and landslides.
 

May 26 (CP) Colombo- India is inviting applications from Sri Lankan students (excluding PIO, OCI card holders & NRIs) for nomination to undergraduate course in MBBS, BDS, BE, B.Tech, B.Pharm & B.Arch under the Self-Financing Scheme for the academic year 2018-19.
 

More : POLITICS - GENERAL
* Parliament to finally get valid lease (26 - Island)
* No Govt. funds used to build 'Seemamalakaya': Champika (26 - DM)
* Parliament to send 20th Amendment to AG, PM (26 - DN)

SPORTS

May 27 (ESPNCI) Sri Lanka Cricket will cooperate fully with the ICC in its investigations into allegations of pitch-fixing in two Test matches in the past, and potentially one later this year against England. The board's response came after TV news channel Al Jazeera claimed that a person involved in preparing the pitches in Galle for the Tests
 

May 26 (ICC) Dinesh Chandimal, the Sri Lankan captain, has expressed confidence in his side as they embark on a three-match Test tour to the Caribbean starting early June. Sri Lanka have never won a Test Series in the West Indies and this provides a golden chance for them to re-write the record books.
 

May 26 (BBC) Sri Lanka Cricket has said it will give its "fullest cooperation" to any investigation into match-fixing. An Al Jazeera documentary is believed to allege groundsmen in Galle are being bribed to alter pitches for test matches involving teams such as Australia and England.
 

May 26 (PA) A report in London's Telegraph newspaper on Friday (Satuday NZ time) claimed a forthcoming Al Jazeera documentary will show a groundsman telling undercover reporters that the outcome of England's Test against Sri Lanka in Galle, starting in November, can be influenced.
 


WORLD

May 27 (NIE) The US treats Pakistan according to its needs and "ditches" when it does not require Islamabad, former military ruler Pervez Musharraf has said as he accused America of aligning with India against his country. The former president and chief of All Pakistan Muslim League (APML) in an interview with Voice of America said
 

May 27 (BDN) Many South Koreans were fuming on Friday after US President Donald Trump canceled a historic summit with North Korea’s Kim Jong Un, feeling they had been cheated of a chance of a lifetime to live in peace. Trump called off the unprecedented meeting, scheduled for June 12 in Singapore,
 

May 26 (BDN) Prime Minister Sheikh Hasina has hoped Bangladesh and India will emerge as a model of bilateral ties for the world by achieving socio-economic development through mutual cooperation. She believes the problems between the two neighbouring countries will be resolved in a friendly atmosphere.
 

May 26 (BBC) US President Donald Trump says "very productive talks" have been held with North Korea on reinstating the summit with leader Kim Jong-un. In a tweet, Mr Trump said the meeting could still take place on 12 June in Singapore "and if necessary will be extended beyond that date".
 


About Sri Lanka ::-
Introduction to Sri Lanka ::-

Sri Lanka is a beautiful island paradise in the Indian Ocean with white sandy beaches lush greenery, exciting adventures, amazing wildlife, cascading waterfalls and a rich heritage. The island of Sri Lanka is roughly pear-shaped. The total area of Sri Lanka is 65,610 sq km. Sri Lanka’s coastline is about 1,340 km (about 833 mi) around.

The people in Sri Lanka are warm and friendly. Sri Lankans are known for hospitality in all over the world. People in Sri Lanka ethnically fall into four main categories. The population of Sri Lanka is about 20 million. Sri Lanka has a tropical climate. Sri Lanka has a democratic government. Sri Lanka is mainly an agricultural country. Colombo is the commercial capital of Sri Lanka. Sri Lanka gained independence in 1948. Sri Lanka was known as Ceylon.

In the nineteenth and twentieth centuries, Sri Lanka became a plantation economy, famous for its production and export of cinnamon, rubber and Ceylon tea, which remains a trademark national export. By 1996 plantation crops made up only 20% of export, and further declined to 16.8% in 2005 (compared with 93% in 1970), while textiles and garments have reached 63%. The GDP grew at an average annual rate of 5.5% during the early 1990s, until a drought and a deteriorating security situation lowered growth to 3.8% in 1996. The economy rebounded in 1997-2000, with average growth of 5.3%.

Sri Lanka, with an income per head of $1,350, still lags behind some of its neighbors including Maldives and Mauritius but is ahead of its giant neighbor India. Its economy grew by an average of 5% during the 1990s during the 'War for Peace' era. According to the Sri Lankan central bank statistics, the economy was estimated to have grown by 7% last year, although inflation had reached 20%.

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