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[Last Updated = Thu, Feb 11, 2016, 01:20 pm SL Time]
TOP STORY
Sri Lanka to review former government's Airbus deal, US$ 12 million penalty if cancelled

Feb 11 (CP) Colombo- Sri Lanka will review a controversial deal reached by the previous administration to buy new Airbus aircraft despite huge losses at the national carrier, the Prime Minister Ranil Wickramasinghe has said Wednesday. Ranil Wickremesinghe has said that Sri Lankan Airlines could not economically operate long-range A350-900 aircraft ordered by the previous government, but needed short-haul planes for its profitable Asian routes, according to an AFP report.
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LEGAL - SITUATION

Feb 11 (CP) Colombo- A Sri Lankan court today further remanded the former president and Kurunegala district parliamentarian Mahinda Rajapaksa's son Yoshitha Rajapaksa and four others when they were produced in court today.

Feb 11 (CP) Colombo- Sri Lanka Navy said it has assisted the Coast Guard on Wednesday to arrest twelve Indian fishermen for crossing the International Maritime Boundary Line and poaching in island's waters. The fishermen were arrested along with two fishing trawlers while they were fishing in the Sri Lankan waters northwest of Thalaimannar on 10th February 2016.

Feb 11 (Island) AMBALANGODA- Balapitiya Magistrate, Rajindra Jayasuriya recently allowed the Ambalangoda police to detain three suspects arrested in connection with 20,904 kilos of heroin and 1,100 kilos of kerala ganja taken into custody.

Feb 11 (DM) Sicille Kotelawala, who was in remand custody, but had been receiving treatment at the Colombo National Hospital, was brought to the Welikada Prison on Wednesday and admitted to the prison hospital after doctors recommended that she was in a fit state to receive treatment for her ailment there.

Feb 11 (DN) The Attorney General yesterday informed Court that the CID has commenced an investigation into incidents where former President Mahinda Rajapaksa had handed over four elephant calves to former Defence Secretary Gotabhaya Rajapaksa and two other persons through a Presidential Decree (Sannasa).

Feb 10 (CP) Colombo- An EU Parliamentary delegation, led by Member of the European Parliament and Chairman of the Friends of Sri Lanka Group Geoffrey Van Orden, and including MEP Morten Messerschmidt, met the Secretary to the Ministry of Defense Karunasena Hettiarachchi at the ministry premises on Tuesday (February 9th).

Feb 10 (CP) Batticaloa- A Sri Lankan court today extended the remand of the former Eastern Province Chief Minister Sivanesathurai Chandrakanthan alias Pillayan, who was arrested by the Criminal Investigation Department (CID) of police over the killing of a Tamil parliamentarian.

Feb 10, Colombo: Speaker of Sri Lanka parliament Karu Jayasuriya has said that he has received death threats following his decision yesterday to refuse identifying the 'Joint Opposition' as an independent group in parliament.

Feb 10 (CP) Colombo- A Sri Lankan court has further remanded the General Secretary of the Bodu Bala Sena Organization, Galagodaaththe Gnanasara Thera until February 16th. The Homagama Magistrate's Court further remanded the controversial monk on the charge of threatening Sandhya Eknaligoda, the wife of missing journalist Prageeth Eknaligoda.

Feb 10 (DM) Fourteen ex-LTTE cadres, arrested on charges of criminal activities and later granted bail refused to undergo a period of rehabilitation when the case was taken up by the Colombo Additional Magistrate Aruni Artigala today.

More : LEGAL - SITUATION
* Three shot dead in Wellampitiya (10 - TNLRN)
* Heroin smuggler caught red-handed (10 - Island)
* Two deported Lankans arrested (10 - DM)
* CID tells Homagama Magistrate: Evidence shows that Ekneligoda killed in Akkaraipattu (10 - DN)
More : LEGAL - SITUATION

NEWS - HIGHLIGHTS

Feb 11 (CP) Colombo- Senior Solicitor General President's Counsel Jayantha Jayasuriya took oaths today as the 29th Attorney General of Sri Lanka before President Maithripala Sirisena at the President's Official Residence.

Feb 11 (CP) Colombo- The Sri Lankan government has received a vast amount of details on fraud, corruption and misuse of public funds and resources, that took place during the previous administration and complaints are still being received, Prime Minister Ranis Wickremesinghe said.

Feb 11 (CP) New York- The New York based global rights organization, Human Rights Watch (HRW) criticized the appointment of former Army Commander and Democratic Party leader Field Marshal Sarath Fonseka as a member of the Sri Lankan parliament.


FINANCE - TRAVEL

Feb 11 (CP) Colombo- Marking a significant step in its bid to establish a Central Counter Party (CCP), Sri Lanka's Colombo Stock Exchange (CSE) today announced that it has issued a Request for Information (RFI) inviting potential suppliers to present information with relation to the supply, implementation and support for a Central Counterparty Institution.

Feb 11 (Island) LAUGFS International (Pvt) Ltd, a subsidiary of LAUGFS Holdings has successfully acquired the authorized dealership for AIRMAN in Sri Lanka. At a launch ceremony held recently, LAUGFS International opened doors to an exclusive showroom featuring AIRMAN products.

Feb 11 (DM) The rustic railcar, which was in passenger service between 1947 and 1970, is now elegantly restored including air-conditioning to put back on rails with modern standards for convenience expected by today’s travelers. Booking of the entire railcar is offered,

Feb 11 (DN) The Colombo Stock Exchange included Ceylinco Insurance amongst the S & P Sri Lanka 20 index constituents at the annual index rebalance announced in December 2015.

Feb 11 (LBO) Sri Lanka’s IT professionals have raised concerns over the lack of transparency and industry involvement in formulating the proposed Indo-Lanka Economic and Technology Cooperation Agreement.

Feb 11 (IIFL) Bharti Airtel is in talks to merge its wholly-owned Sri Lanka unit into Dialog Axiata in a likely share-swap deal, according to reports. Report says that potential Airtel Lanka-Dialog-Axiata merger is likely to be along the lines of the recent merger of Bharti Airtel and Axiata's telecom units in Bangladesh.

Feb 10, Colombo: Sri Lanka's investment promotion agency, the Board of Investment (BOI) recently organized a special program for 57 non-resident Heads of mission and Defense Advisors and Defense Attachés who were visiting Sri Lanka to attend the 68th Independence Day celebrations in Colombo.

Feb 10 (CP) Colombo- Litro Gas, the largest importer and market leader of Liquefied Petroleum Gas (LPG) in Sri Lanka marks 2015 as a record year posting gross profits of over Rs. 6 billion with significant increases in volumes (22 percent) and market growth (acquiring a total 485,548 new connections).

Feb 10 (CP) Colombo- The critical role earmarked for joined-up public transport in Colombo's development and what can be done to boost lending for housing were two topical issues explored by senior figures at the Urban Development Authority (UDA) in recent interviews they gave to the global research, publishing, and consulting firm Oxford Business Group (OBG).

More : FINANCE - TRAVEL
* Sri Lanka state airline reviewing Airbus A350 deal; criminal probe on (11 - EN)
* Premiere e-apparel store Yellowfashion.in forays into Srilanka (10 - IIFL)
* Sri Lankan stocks end weaker; turnover hits 23-mth low (10 - Reuters)
* Plans for dollar listings on CSE (10 - Island)
* Celebrity Chef Marco Pierre White acclaims Cinnamon Air (10 - DM)
* Distilleries Company posts Rs. 1.78 bn profit in Q3,2015 (10 - DN)
More : FINANCE - TRAVEL

POLITICS - GENERAL

Feb 11 (CP) Washington, DC- The United States Department of State Bureau of Democracy, Human Rights and Labor (DRL) Wednesday announced an open competition for organizations interested in submitting applications for an opportunity for a project on Strengthening Investigative Journalism Sri Lanka.

Feb 11 (Reuters) Just over a year after a new leader was elected and Sri Lanka's business ties with China came under close scrutiny, Colombo is reversing course by resuming a stalled port project and naming Beijing as the front runner for a new special economic zone.

Feb 11 (Island) President Maithripala Sirisena and the government would never accept foreign judges in the proposed court to be established in accordance with Oct. 1, 2015 Geneva Resolution to inquire into accountability issues during the final phase of the Vanni offensive, Provincial Councils and Local Government Minister Faizer Musthapha, PC, said yesterday.

Feb 11 (DN) Prime Minister Ranil Wickremesinghe yesterday in Parliament agreed to come up with a final solution to the demands of UPFA dissidents in the Opposition to be recognized as an independent group within the next Parliamentary sittings.

Feb 10 (CP) Colombo- A series of recently concluded high level meetings between visiting Sri Lanka's Minister of Industry and Commerce and the ruling monarch of the Kingdom of Bahrain have ushered a fresh renewal of ties between both countries.

Feb 10 (CP) Colombo- The Constitutional Council has recommended Senior Solicitor General Jayantha Jayasuriya to the post of Attorney General. JVP Parliamentarian and a member of the Constitutional Council Vijitha Herath told media that the decision was taken at the Constitutional Council meeting held today under the patronage of Speaker of House Karu Jayasuriya.

Feb 10 (CP) Colombo- The Sri Lanka Navy Wednesday said it has arrested seven local fishermen in two separate occasions for allegedly engaged in illegal fishing practices. Naval personnel attached to SLNS Buwenaka in Mulankavil arrested three persons along with a Fiber Glass Dinghy and 30 kilograms of illegally harvested sea cucumbers in Nachchikuda on 08th February 2016.

Feb 10 (CP) Colombo- Sri Lankan Prime Minister has given the opportunity for government as well as opposition parliamentarians to make direct queries to him from today. Speaking in Parliament the Premier said MPs will be able to pose their questions directly to him and he will provide answers from today.

Feb 10 (CP) Colombo- Sri Lanka's Supreme Court has ruled that the proposed Theravadhi Kathikavath (Registration) Bill contravenes the Constitution and should be approved with a two-third majority in Parliament with amendments and that it should also be directed to a referendum if the Bill is to be enacted.

Feb 10 (CP) Colombo- The United States government has proposed a $31 million financial aid to Sri Lanka next year as the island nation entered a new era following the political transformation intimated with the election of President Maithripala Sirisena in January 2015.

Feb 10 (CP) Colombo- Sri Lanka and the Philippines have signed a Memorandum of Understanding (MOU), aimed at forging greater cooperation and further enhancing relations between the two countries.

Feb 10 (IPS) TALAWAKELE, Sri Lanka- One and half years ago, Johnson, a 20- something youth, hailing from Sri Lanka's tea plantations, received an unusual request. The caller, someone Johnson knew casually, made an offer for his kidney. "It was for a half a million rupees (around US $3,500)," he said.

More : POLITICS - GENERAL
* Ex-President sees appointment of Fonseka as MP becoming legal issue (10 - Island)
* Sinha-Le' campaign not work of MR- Aluvihare (10 - DM)
* Women's Affairs Minister condemns opposition conduct (10 - DN)
More : POLITICS - GENERAL

SPORTS

Bangladesh Under-19 bat on overcast morning

Feb 11 (ESPNCI) Bangladesh Under-19s captain Mehedi Hasan Miraz opted to bat in their semi-final against West Indies Under-19s on an overcast and foggy morning in Mirpur. Miraz thought it was a good track to bat on and they would look to score at least 250 to put West Indies under pressure.

More : SPORTS

Feb 11 (ESPNCI) A late agreement has allowed the South African players involved in the MCL to participate in the semi-finals and eased concerns about the future of the competition. Shortly after the ICC issued a thinly veiled warning that the competition's 'approved status' could be reviewed in light of the involvement of players with inadequately completed No Objection Certificates, the players involved agreed a deal with their national boards whereby they received the clearance required.

Feb 10 (CP) Colombo- Sri Lankan swimmer Matthew Abeysinghe has broken the record set by Julian Bolling in 1991 by clinching 7 gold medals at the South Asian Games. In 1991, Bolling bagged five Gold Medals for Sri Lanka. Matthew Abeysinghe won two gold medals Wednesday in the 200m Individual medley and 100m freestyle events adding to the five gold medals he had won earlier.

Feb 10 (ESPNCI) West Indies' ability to surprise made sure that it wasn't going to be an all-Asian last four at the Under-19 World Cup. While Bangladesh reaching the semi-finals wasn't unexpected after they started the tournament with a resounding win against the defending champions, West Indies' journey has been more topical. Unlike the hosts, West Indies started their campaign with a loss and then showed their batting firepower against Fiji.


WORLD

Feb 11 (BBC) A wild elephant went on an hours-long rampage in India's West Bengal state, sending residents fleeing in panic. Officials fired tranquillizer darts to control the animal after it damaged dozens of homes, cars and motorbikes.

More : WORLD

Feb 11 (BBC) The US Senate has voted unanimously in favour of tougher sanctions against North Korea, after the country's recent nuclear and rocket tests. It targets anyone who directly or indirectly helps Pyongyang's weapons proliferation or human rights abuses.

Feb 10 (Dawn) ISLAMABAD- World Bank President Jim Yong Kim has said that Pakistan is now on the path of increased economic growth and prosperity. He was talking to Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar in separate meetings held here on Tuesday.

Feb 10 (AP) Bernie Sanders defeated Hillary Clinton in the New Hampshire primary Tuesday, and Donald Trump also scored his first victory in a triumph of two candidates who have seized on Americans’ anger at the Washington political establishment. Both outcomes would have been nearly unthinkable not long ago.


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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