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[Last Updated = Fri, Nov 27, 2015, 01:59 pm SL Time]
Sri Lankan President commended for promoting Commonwealth ideals

Nov 26 (CP) Colombo- Sri Lanka's President Maithripala Sirisena, who is the current Chair-in-Office of the Commonwealth received accolades for his commitment to promote commonwealth principles. "The Chair in Office President Maithripala Sirisena did a wonderful job to promote Commonwealth ideals," said the Secretary General of Commonwealth Secretariat, Dr. Kamlesh Sharma. Speaking to media after a joint press conference with Maltese Prime Minister Joseph Muscat at the CHOGM Media Center in Valetta, Dr. Sharma said President Sirisena's total commitment to promote commonwealth principles such as democracy, human rights and accountability is exceptionally good.
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Nov 27 (CP) Colombo- A Sri Lankan court has issued a restraining order preventing a university students' protest march from reaching the parliament today. Kaduwela Magistrate today issued a restraining order on the Inter University Bikkhu Federation (IUBF) and Inter University Students Federation (IUSF) preventing their protest march proceeding of the parliament road from Polduwa Junction, police said.

** Related Story ::Sri Lanka university students begin five-day protest march from Kandy to Colombo

Nov 27 (CP) Colombo- A Sri Lankan court today extended the remand of the Frontline Socialist Party (FSP) leader Premakumar Gunaratnam till the 11th of December. The Kegalle Magistrate Prasanna Alwis Friday rejected a bail application presented on his behalf and remanded him further.

Nov 27 (Island) The Colombo High Court Trial-at-Bar will today (27) deliver the judgement in respect of the murder of businessmen Mohamed Nisham, in Colombo in April 4, 2013. The persons who were indicted for murder are the former DIG of Police, Vas Gunawardene, his son Ravindra Gunawardene and four other police officers.

Nov 27 (DN) The Defence Ministry will be vigilant to prevent any Maveerar Day celebrations in the North, Justice Minister Wijeyadasa Rajapakshe said, He also said that the Prevention of Terrorism Act should be replaced with new legislation.

Nov 27 (DM) Former Minister of Coconut Development Jagath Pushpakumara arrived at the PRECIFAC a short while ago to give a statement over financial irregularities alleged to have taken place at the Coconut Development Board, an official of the commission said.

Nov 27 (Hindu) Even as the Sri Lankan government contemplates releasing 20 more Tamil prisoners, the death of a teenager in Jaffna district on Thursday brought the issue to the limelight.

Nov 26, Colombo: Sri Lanka's National Police Commission (NPC) has recommended disciplinary action against the police officers who were involved in the assault on Higher National Diploma in Accountancy (HNDA) students last month.

Nov 26 (CP) Colombo- Presidential Commission of Inquiry to Inquire and Investigate into Serious Acts of Fraud and Corruption (PRECIFAC) has named the individuals responsible for the illegal and corrupt activities carried out by state-owned security firm Rakna Araksha Lanka Limited.

Nov 26 (CP) Colombo- It is illegal for individuals and organized groups to celebrate terrorism or engage in activities that reflects loyalty to traditions that terrorist groups had followed in the past, Police Media spokesman ASP Ruwan Gunasekara said.

* Madras High Court directs police to allow meetings of pro-Tamil outfits (26 - PTI)
* On Prabhakaran's Birth Anniversary Jaffna Student Commits Suicide Demanding Eelam (26 - NIE)
* Restraining order on Unemployed Graduates’ protest (26 - DM)
* Former Defense Secretary, ex-Navy Commanders summoned to presidential commission of inquiry (26 - CP)
* Sri Lanka Navy assists Coast Guard to arrest 15 Indian fishermen poaching in Sri Lankan waters (26 - CP)
* Missing Policeman’s wife appeals for help (26 - DN)


Nov 26 (CP) Valetta- Sri Lankan President Maithripala Sirisena arrived in Valetta, Malta Thursday morning to attend the Commonwealth Heads of Government Meeting (CHOGM) 2015. President Sirisena was accompanied by his wife Mrs. Jayanthi Sirisena and several officials.

Nov 26 (CP) Colombo- The Sri Lankan government on Thursday assured that there is no threat whatsoever to the national security from releasing the former Tamil Tiger suspects arrested under the Prevention of Terrorism Act (PTA).

Nov 26 (CP) Colombo- The United Kingdom believes that a strong commercial relationship between Sri Lanka and the UK is a win-win for both countries, the British High Commissioner James Dauris said. Speaking at the National Chamber of Commerce's Business Excellence Awards 2015 Ceremony as the Chief Guest High Commissioner Dauris said the UK exports to Sri Lanka were up 44 percent in the first nine months of this year.


Nov 27 (CP) Colombo- Leasing for motor vehicles allowed up to 70 percent of total value of vehicle with effect from December 01, the Central Bank of Sri Lanka said. This is the third time the Loan-to-value (LTV) ratio was changed within nearly three months.

Nov 27 (Island) Budget 2016 presented in parliament by Finance Minister Ravi Karunanayake will give a big boost to the capital market, finance industry analysts said. This budget, for the first time, introduces a Real Estate Investment Trust (REIT), as an alternative investment option for the real estate sector

Nov 27 (DN) A price formula for petroleum products will be introduced soon aiming to provide relief to customers with the drastic price drop of crude oil in the world market, Petroleum and Petroleum Gas Minister Chandima Weerakkody said.

Nov 27 (DM) Lowe Sri Lanka celebrated the success of its partners at the 14th annual SLIM Brand Excellence Awards held recently. Unilever Sri Lanka, for whom LOWE is the Global Communications Partner, dominated the event with 7 wins, the most number of awards won by a single company this year.

Nov 27 (LBO) Sri Lanka’s plans to set up an international financial district bodes well for financial sector development and should be set up with the right talent in place, experts said.

Nov 26 (CP) Colombo- Sri Lanka's bourse, the Colombo Stock Exchange (CSE) announced the proposed establishment of an Institution to act as a Central Counterparty for all secondary market transactions on the CSE.

* Sri Lankan shares post 4-1/2 month closing low on budget worries (26 - Reuters)
* Tax revisions in Budget mostly negative for apparels: industry body (26 - DM)
* Ceyoka’s specialised waterproofing solutions meet rigorous demands of prestigious projects (26 - Island)
* Seminar on 'Bilateral Trade between Sri Lanka and Netherlands' tomorrow (26 - CP)
* Colombo Stock Exchange moving ahead with CCP (26 - LBO)
* Wilkins Group opens US$ 3 m factory at Mawaramandiya (26 - DN)


Nov 27 (CP) Colombo- Sri Lanka's Minister of Industry and Commerce Rishad Bathiudeen said the manufacturing costs in the country need to be lower and called on lowering energy costs to sustain country's manufacturing competitiveness.

Nov 27 (CP) Colombo: Sri Lanka's Prime Minister Ranil Wickremesinghe assured that the government will continue to provide the fertilizer subsidy to the farmers as promised. Prime Minister gave this assurance in parliament when parliamentarian Ranjith De Soyza raised a question on the government's stance about the 350 rupees worth fertilizer subsidy.

Nov 27 (Island) Prime Minister Ranil Wickremesinghe will meet ministers representing the SLFP today to discuss contentious issues relating to the coalition government’s first budget presented by Finance Minister Ravi Karunanayake last Friday (20).

Nov 27 (DN) A top official attached to a leading state commercial establishment, who had been asked to stay out by the Presidential Commission of Inquiry to Investigate serious Frauds and Corruption due to his Involvement in alleged fraudulent practices has found his way back to a top slot in a ministry

Nov 27 (DM) The newly constituted Elections Commission has been hit a legal lacuna, with it being unable to determine its functions and roles, it is learnt. The Constitutional Council, reintroduced under the 19th Amendment to the Constitution, nominated three members to the Elections Commission

Nov 26, Colombo: The government has appointed chairpersons to head the two parliamentary committees for special purposes - Committee on Public Enterprises and Committee on Public Accounts. Janatha Vimukthi Peramuna (JVP) parliamentarian Sunil Handunneththi was appointed as the Chairman of the Parliamentary Committee on Public Enterprises (COPE) while State Minister Lasantha Alagiyawanna was appointed as the Chairman of the Committee on Public Accounts (COPA).

Nov 26 (CP) Chennai- The Chief Minister of Indian state of Tamil Nadu today urged the Indian Prime Minister Narendra Modi to take immediate action to get the fishermen released from Sri Lankan custody.

Nov 26 (CP) Colombo- Sri Lanka's Finance Minister Ravi Karunanayake says the 2016 Budget based on a zero budget concept expects to manage state resources effectively and the government has already introduced measures to justify expenditures for government activities.

Nov 26 (CP) Colombo- The families of deceased Sri Lankan migrant workers employed in the Middle East and Russia received compensation on Thursday at an event organized by the Ministry of Foreign Affairs.

Nov 26 (Hindu) The 1978 Constitution of Sri Lanka may well become a thing of the past by the middle of next year if the present plan fructifies. As of now, it has been proposed to convert the existing 225-member-strong Parliament into Constitutional Assembly, whose primary responsibility will be to produce a fresh Constitution.

* MLTs’union stresses need for preventing diseases (26 - Island)
* Journalists among 300 outsiders receiving monthly payments from Avant Garde’ (26 - Island)
* TNA wants a DS who can converse in Tamil (26 - DM)
* Sri Lankan President leaves for Malta to attend CHOGM 2015 (26 - CP)
* Lankan delegates overcome lapses in Malta (26 - DN)


Nov 26 (PTI) Colombo- Legendary captain Arjuna Ranatunga will contest for the Vice-President's post in the Sri Lanka Cricket (SLC) election to be held on January 3. "I will contest the post of Vice President with an eye to the future. Because I did not serve in the executive committee for two years I could not run to be President this time," Ranatunga said on Thursday. Ranatunga, the current Minister of Ports and Shipping, is to contest independently of his younger brother Nishantha's team he said.


Nov 26 (ESPNCI) Sri Lanka began their post Jayawardene-Sangakkara era on a winning note by defeating West Indies quite convincingly in the Test and ODI series, but captain Angelo Mathews admitted that his team will face their toughest challenge so far in New Zealand, later this year. "We played some really good cricket against the West Indies, we outplayed them in all three departments in all formats but it will be a completely different tour in New Zealand because conditions and the opposition are different," Mathews said before his team's departure on Thursday.

Nov 26 (ZN) Private television channel Geo News reported that Prime Minister Nawaz Sharif told the Pakistan Cricket Board (PCB) that it could send a team to play against India at a neutral venue. Giles Clarke, who heads International Cricket Council's Pakistan Task Force, had earlier organized a meeting between PCB chairman Shaharyar Khan and BCCI president Shashank Manohar last week in Dubai, where Sri Lanka was chosen as the possible venue.

Nov 26 (ESPNCI) Back in 2009, the MCC World Cricket Committee discussed its concerns about the future of Test cricket. "Except for certain icon series, such as the Ashes, Test cricket throughout the world, and in particular the lower-ranked nations, is in very real danger of dying," the committee said in a blunt statement. It went on to recommend that day-night Test cricket be trialled as a means of keeping the game alive. After six years and countless tweaks to the pink ball, that recommendation is about to come to fruition


Nov 27 (BBC) A large chunk of an American space rocket has been found in the sea off the Isles of Scilly. A large section of a spacecraft, measuring about 10m (32ft) by 4m (13ft), was spotted on the surface between Bryher and Tresco. Coastguards believe it is from the unmanned SpaceX Falcon 9 which exploded after take-off in Florida in June.

More : WORLD

NOv 27 (BBC) Lakes that have been forming near Mount Everest could threaten settlements downstream if they overflow. Ponds on the surface of the Khumbu glacier in the Himalayas have expanded and joined together to form larger bodies of water.

Nov 27 (BBC) The chief minister of the Indian state of Bihar, Nitish Kumar has announced plans to ban the sale and consumption of alcohol in the state. Mr Kumar had earlier promised voters to restrict the opening of liquor shops in villages. The move can cost Bihar more than $500 (£327m) in tax revenues, a spokesperson of Bihar's ruling Janata Dal (United) party said.

Nov 27 (BBC) Gunmen have opened fire on a Shia mosque in northern Bangladesh, killing at least one person and injuring three. The attackers shot at worshippers in the mosque in the Bogra district during evening prayers, police said.

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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