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[Last Updated = Fri, Nov 28, 2014, 03:12 pm SL Time]
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Sri Lankan President holds discussions with leaders of SAARC countries

Nov 27 (CP) Kathmandu- Sri Lankan President Mahinda Rajapaksa held bilateral discussions with the leaders of South Asian Association for Regional Cooperation (SAARC) countries on the sidelines of 18th SAARC meeting in Kathmandu, Nepal. During the meeting with the Indian Prime Minister Narendra Modi on Wednesday evening, the President requested the Prime Minister Modi to consider releasing Sri Lankan fishermen in Indian prisons, some in the state of Andhra and some in Tamil Nadu.
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SECURITY - SITUATION

Nov 28 (CP) Colombo- A Sri Lankan court today granted bail to government Minister Mervyn Silva's son Malaka Silva, who was in remand custody for assaulting a foreign couple at a night club. The Colombo Magistrate's Court today released Malaka Silva and six other suspects who were in custody on charges of assaulting a foreign couple at a nightclub on Duplication Road in Colombo earlier this month.

** Related Story :: Sri Lanka court denies bail to minister's son and six others over night club brawl

Nov 28 (Island) A school principal in Uva-Paranagama was arrested on Wednesday afternoon for sexually abusing an eight-year-old schoolboy inside his official residence. The Police Media Unit said that the 54-year-old suspect had sexually abused the child after school was over and the villagers had assaulted the suspect before he was arrested by the police.

Nov 28 (DN) Maintaining national security is of paramount importance. The Sri Lanka Army will leave no room for any activity that would be detrimental to national security, Army Commander Lt. Gen. Daya Ratnayake said yesterday. The Commander added that the Sri Lankan Army will leave no room for a resurgence of the LTTE in the country and all attempts to regroup the terrorist organization in the country have been foiled.

Nov 27 (CP) Colombo- Defense chiefs of the South and Southeast Asian Nations (SASEAN) will gather in Sri Lankan capital city of Colombo Thursday to discuss the regional peace and security at a two-day conference.

More : SECURITY - SITUATION
* Sri Lanka's inaugural Defense Chief's Dialogue begins today (27 - CP)
* UC brawl leaves two members injured (27 - Island)
* Army dedicated to protect national security (27 - DN)
More : SECURITY - SITUATION

NEWS - HIGHLIGHTS

Nov 28 (CP) Colombo- Sri Lanka's Defense Secretary Gotabhaya Rajapaksa called on the nations to share intelligence to combat transnational crimes such as human trafficking, narcotics smuggling and terrorism. The Defense Secretary noted that most of the countries in the South Asian and South East Asian regions have experienced these issues in varying degrees over the last few decades and combating them is critical to the nations' economic development and future prosperity.

Nov 27 (CP) Colombo- Sri Lanka's main opposition United National party said today that party's decision to join its historic political rival to field a common opposition candidate is an unprecedented move of solidarity to restore democracy and good governance in the country.

Nov 27 (CP)Beijing- China today dismissed Indian media reports of establishing naval bases in the Indian Ocean countries including Sri Lanka and asserted that currently there is no military base abroad for Chinese military. Senior Colonel Geng Yansheng, spokesman of the Ministry of National Defense of China at the media briefing today (Nov 27) said the...


FINANCE

Nov 28 (CP) Colombo- Fitch Ratings has assigned Singer (Sri Lanka) PLC's (Singer; A-(lka)/Stable) unsecured redeemable debenture issue of up to LKR1.5bn a final National Long-Term rating of 'A-(lka)'.

Nov 28 (CP) Colombo- Unilever Global Chief Executive Officer, Paul Polman, arrived in Sri Lanka for a two-day business visit to Unilever Sri Lanka. Accompanying Polman is Executive Vice President - South Asia, and Managing Director and CEO of Hindustan Unilever, Sanjiv Mehta.

Nov 28 (Island) Spice Island, a Sri Lankan brand inspired by the ancient art of Ayurveda recently announced its partnership with House of Fraser in the United Kingdom, to commence sales of Spice Island beauty products with limited edition gift packs for the Christmas Season 2014.

Nov 28 (DM) Sri Lanka’s iconic beverage brand Elephant House Ginger Beer, lovingly referred to as EGB, completed two years as the only local soft drink to be served onboard SriLankan Airlines, the national carrier of Sri Lanka, recently. With the goodness of natural ginger in every sip, EGB has been a great addition to the airline’s famed inflight menu.

Nov 28 (DN) Dialog Axiata made an announcement to CSE regarding an incorporation of a wholly owned subsidiary of Dialog Axiata under the name of Digital Holdings Lanka (Private) Limited. This company will operate as Dialog Group's investments holding company and would look at new business areas.

Nov 28 (LBO) The listed debenture issue of Lion Brewery (Ceylon) PLC was oversubscribed during the early hours of the opening day as per the disclosures made to the CSE by the registrars to the debenture issue, the company said in a media release.

Nov 27 (CP) Colombo- Sri Lanka's state-owned power generator, Ceylon Electricity Board (CEB) has awarded a €7 million (US$ 8.7 million) contract to Alstom T&D India, a market leader in the Indian power transmission sector, to monitor and control Sri Lanka's electricity transmission network.

Nov 27 (GS) A Worksop company has played a pivotal role in a multi-million pound development of hundreds of new bridges in Sri Lanka. Worksop Galvanizing, based on Claylands Avenue, and part of Wedge Group Galvanizing, joined forces with Cleveland Bridge UK Ltd

More : FINANCE
* Sri Lankan stocks fall to 12-week low; political uncertainty weighs (27 - Reuters)
* Nations Trust Bank to conduct digital corporate rally (27 - DM)
* Gold Award for Watawala Plantations (27 - Island)
* Capital market key contributor to achieve Vision 2020 goals - SEC Chairman (27 - DN)
More : FINANCE

POLITICS - GENERAL

Nov 28 (CP) Colombo- A.H.M. Azwer, a national list parliamentarian of ruling United People's Freedom Alliance (UPFA) has resigned from Parliament today. Accordingly, he handed over his official letter of resignation to Secretary General of Parliament Dhammika Dassanayaka.

Nov 28 (Island) The UNP yesterday declared that the joint Opposition would retain the executive presidency sans what it called dictatorial powers currently exercised by incumbent President Mahinda Rajapaksa. Maithripala Sirisena would remain the President, it said.

Nov 28 (DM) As the Presidential race heated up, former Chief Justice Sarath N. Silva had visited Jaffna yesterday and had stayed overnight at the Navy House, the Kankesanthurai Naval Camp, sources said. Sources said that Mr. Silva had visited Jaffna with a friend and that the Navy House had been reportedly booked under Mr. Silva’s friend’s name.

Nov 28 (DN) Elections Commissioner Mahinda Deshapriya issued a special circular to heads of all ministries, departments and corporations to prevent the misuse of government property during the forthcoming Presidential election.

Nov 27 (CP) Colombo- Two left parties of Sri Lanka have announced that they would contest the presidential election. Frontline Socialist Party has decided to field former student leader Duminda Nagamuwa as a candidate with the support of several leftist parties and groups.

Nov 27 (CP) Colombo- Sri Lanka's Western Provincial Council Chief Minister Prasanna Ranatunga said that the government rule of the council was firm despite rumors to the contrary. He said that the Western Provincial Council would pass the budget which is being debated from today.

Nov 27 (CP) Colombo- Sri Lanka's Sinhala Buddhist party Jathika Hela Urumaya (JHU) has decided to set forth three proposals to common opposition candidate Maithripala Sirisena. At a special assembly of the JHU held today, JHU policymaker Patali Champika Ranawaka said that the party would support a candidate who accepts the proposals.

Nov 27 (CP) Colombo- The inauguration of the UK trade mission to Sri Lanka, "Putting British Business on the Front Foot", was held on Thursday, 27 November, 2014 at the Cinnamon Grand Colombo. The keynote address was delivered by the Deputy Minister for Investment Promotion, Faizer Mustapha.

Nov 27 (CP) Colombo- An election monitoring group in Sri Lanka, Campaign for Free and Fair Elections (CaFFE) has written to the United National Party (UNP)General Secretary Tissa Attanayake asking him about the party's stance on the party's prominently displayed election cutouts in Colombo City Limits.

Nov 27 (CP) London- British lawmakers have urged the UK government to ask the European Union to remove the preferential trade tariffs for Sri Lanka if the Sri Lankan government does not cooperate with the UN investigation and address human rights concerns.

Nov 27 (AP) COLOMBO— The Sri Lankan opposition’s presidential candidate said Wednesday he would scrap the country’s virtually all-powerful presidential system within 100 days if he is elected and would govern through an all-party government in the interim.

NOv 27 (Economist)"AN INVINCIBLE personality, a blessed man, he will win a big victory." In the opinion of Sumanadasa Abeygunawardena, issued from his swish astrological headquarters in the southern port of Galle, the prospects for Sri Lanka's president are unambiguously bright.

More : POLITICS - GENERAL
* Maithripala to contest under lotus or dove symbol (27 - DM)
* Sirisena offers to form national govt (27 - Island)
* Elections Commissioner accepts Minister Yapa as SLFP Gen. Sec. (27 - DN)
More : POLITICS - GENERAL

SPORTS

Nov 27 (CP) Colombo- Sri Lanka cricket authority today condoled the tragic death of Australian batsman Phillip Hughes saying that his untimely death is undoubtedly a blow to the cricket world. "The President, and the Executive Committee of Sri Lanka Cricket and the entire staff, Players and Officials of Sri Lanka Cricket (SLC) and the Cricket fraternity in Sri Lanka was deeply saddened by the passing away of Phillip Hughes," SLC said in a statement.

More : SPORTS

Nov 27 (ESPNCI) Likeable, hard working and possessing skills that had him tagged as another great batsman in the making, it was a matter of time before Phillip Hughes cemented his spot in the Australian Test team. Then, improbably and inconsolably, his time ran out. Michael Clarke and Ricky Ponting. David Warner and Shane Watson. Simon Katich and Justin Langer. Brad Haddin and Matthew Wade. Darren Lehmann and Brett Lee. These strong men of Australian cricket have often had very little in common.

Nov 27 (ESPNCI) Tillakaratne Dilshan has been fined 25 per cent of his match fee for excessive appealing during the first ODI against England, while Thisara Perera has been fined 20 per cent of his match fee for a separate incident. Both players admitted to the Level 1 breaches of the ICC code of conduct. Dilshan's breach had occurred in the 30th over of England's innings, when he struck Moeen Ali on the pad as the batsman attempted to sweep.

Nov 27 (ESPNCI) Phillip Hughes has died as a result of the injuries he sustained when struck by a bouncer on Tuesday, Cricket Australia has confirmed. He was 25. Team doctor Peter Brukner confirmed the news in a statement released on Thursday afternoon. "It is my sad duty to inform you that a short time ago Phillip Hughes passed away," Brukner said. "He never regained consciousness following his injury on Tuesday. He was not in pain before he passed and was surrounded by his family and close friends.


WORLD

Nov 28 (BBC) Tourists from the US, Australia, Brazil, Germany and Japan are now able to get visas on arrival in India after its limited scheme was extended. Visitors from 43 countries no longer have to queue up at local consulates, but can instead apply for their visas online and collect them at airports.

More : WORLD

Nov 27 (BBC) Media in India praise Prime Minister Narendra Modi for urging South Asian countries to boost regional development. Mr Modi on Wednesday stressed on the "urgent" need to overcome challenges that are holding the region back during the 18th Saarc (South Asia Association for Regional Cooperation) summit in Nepal's capital, Kathmandu.

Nov 27 (BBC) Two teenage Indian girls found hanging from a tree in May took their own lives and were not gang-raped and murdered, federal investigators have said. The announcement came after months of inquiry by the Central Bureau of Investigation following global outrage.

Nov 27 (BBC) A suicide bomber has hit a UK embassy vehicle in the Afghan capital Kabul, with a British worker and an Afghan member of staff among those killed. The Briton who died was a member of the embassy security team, as was another UK national who was wounded.


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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