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[Last Updated = Sat, Sep 22, 2018, 09:54 pm SL Time]
Sri Lanka's economic indicators positive despite rupee depreciation - Finance Minister

Sept 22 (CP) Colombo: Sri Lanka's Minister of Finance and Mass Media states that although some people try to show the depreciation of the rupee as a fall in the economy, the economic indicators remain strong. "Over the years there has emerged a fallacy that the value of the currency is a bellwether of the strength of the economy.
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Sept 22 (CP) Colombo- Sri Lanka's police Special Task Force (STF) officers arrested two persons attempting to sell a rare Valampuri in Dondra area in the South. It is reported that the suspects have been trying to sell the Valampuri for Rs. 30 million.

Sept 22 (Island) Higher Education and Cultural Affairs State Minister Mohan Lal Grero, yesterday, told Parliament that the allegation that an archaeological monument had been demolished by officials of the Karachchi Pradeshiya Sabha in the Kilinochchi district was false.

Sept 22 (DN) The case filed against former Minister and MP Johnston Fernando for his failure to disclose his assets and liabilities was yesterday fixed for trial on November 13 by Colombo Chief Magistrate Ranga Dissanayake.

* Gnanasara Thera files special leave to appeal in SC (21 - Island)
* Lt. Colonel Peiris remanded (21 - DM)
* Entrust misappropriated Rs. 1.2 bn in public funds - President’s Counsel (21 - DN)


Sept 22 (CP) Colombo- A High powered investment delegation led by Malik Samarawickrama, Minister of Development Strategies and International Trade will make a strong pitch this week for German investment to Sri Lanka.

Sept 22 (CP) Colombo- Sri Lanka's nationwide inflation in August 2018 determined under the National Consumer Price Index (NCPI) declined to 2.5 percent from 3.4 percent recorded in July 2018 on a year-on-year basis, the Department of Census and Statistics reported Friday.

Sept 21 (CP) Colombo- Sri Lanka President Maithripala Sirisena says the number of chronic kidney disease patients are decreasing at a significant rate annually as a result of the comprehensive programs implemented by the government to prevent kidney disease spreading in the country.


Sept 22 (CP) Colombo- Patients in Sri Lanka can now cut down medical expenses in addition to time spent in queues, germ filled waiting rooms and stressful trips to the doctor by subscribing to free unlimited medical consultations for the entire family on oDoc for Rs. 499 a month.

Sept 22 (Island) A very informative and comprehensive full day seminar on "Labour Laws and Employment " organized by the National Chamber of Commerce in collaboration with the Department of Labour will be held on September 27

Sept 22 (DN) Prices of vehicles would be increased by at least Rs. 250,000 as an impact of the depreciation of Sri Lankan rupee against the US Dollar, the Vehicle Importers Association Lanka (VIAL) President Indika Sampath Merenchige said.

Sept 22 (ITCM) The legendary Galle Face Hotel that originally opened in 1864 has appointed Robert C. Hauck as the new General Manager and Area Vice President as it seeks to re-establish its position as Asia’s most historic hotel.

Sept 21, Colombo: The Central Bank announced that its annually published "Sri Lanka Socio-Economic Data - 2018"data folder is now available for public information. The current data folder is the 41st volume of the series.

Sept 21 (Reuters) COLOMBO- The Sri Lankan rupee hit a record low for an eighth straight session on Friday, but closed the session firmer following intervention by the central bank, market sources said.

Sept 21 (Reuters) COLOMBO- Sri Lankan shares dropped to their lowest close in more than 30 months on Friday as foreign investors sold banking stocks, while a weaker rupee dented investor sentiment as well.

Sept 21 (Scoop) The 'Colombo Forum' was signed on 20 September between the New Zealand India Trade Alliance (NZITA) and the New Zealand Sri Lanka Business Council (NZSLBC). The agreement is aimed at increasing trade between the two countries and New Zealand.

* Remittances to Sri Lanka saturating, other inflows need leveraging to cover shortfall: economist (21 - Island)
* Enterprise Sri Lanka loans top Rs.49bn (21 - DM)
* ‘Sri Lanka needs more PPP projects’ (21 - DN)
* Registration for awareness sessions regarding implementation of trade policy and proposed Free Trade Agreements (21 - CP)


Sept 22, Colombo: The official tenure of the Constitutional Council, Sri Lanka's constitutional authority, ended yesterday (21).

Sept 22, Colombo: Sri Lankan President Maithripala Sirisena will leave today (22) for the United States to attend a number of international meetings including the 73rd United Nations General Assembly (UNGA), which is being held at the UN Headquarters in New York.

Sept 22 (CP) Colombo- The three global winners of the Study UK Alumni Awards 2018 were presented with their awards by the British Council's CEO, Sir Ciaràn Devane, at a celebratory lunch at the British Council's headquarters in London.

Sept 22 (PTI) Sri Lanka's economic and political stability has been affected due to infighting between President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, former president Mahinda Rajapaksa claimed on Saturday.

Sept 22 (Island) The Delimitation Review Committee (DRC) chaired by UNP leader and Prime Minister Ranil Wickremesinghe has informed Speaker Karu Jayasuriya that it needs two additional months to carry out its task and this will further delay the Provincial Council polls.

Sept 22 (DN) Sustainable development and Wildlife Minister Sarath Fonseka said yesterday steps were being taken to grow grasslands on 15 acres of land to feed wild elephants. He told parliament that forest lands suitable for this purpose were being identified at the moment.

Sept 22 (DN) President Maithripala Sirisena yesterday appointed eight new Sri Lanka Freedom Party (SLFP) electoral organisers by removing the electoral organisers who failed to support the party’s reorganisation drive, SLFP General Secretary Prof. Rohana Lakshman Piyadasa said.

Sept 21 (CP) Colombo: Sri Lanka Parliament today passed two motions to suspend MP Wimal Weerawansa from Parliament for two weeks for violating the code of conduct of parliamentarians. The motion to suspend the National Freedom Front leader Wimal Weerawansa for two weeks has been passed with a majority of 17 votes.

Sept 21 (Forbes) Sri Lanka is ready to rise again -- a nation on the path to sustained growth path, that is. That's according to a recent McKinsey Global Institute (MGI) study,

Sept 21 ( COLOMBO- The Government has declared September 21 to 28 as the Information Week to make the public aware about their right to information and motivating them to use it for their benefit.

* Some ministers’ personal staff got better vehicles than Deputy Ministers-JVP (21 - Island)
* Eight members of 16 group removed from SLFP organiser posts (21 - DM)
* Sugar factories will not be privatised: Kiriella (21 - DN)


Sept 22 (ESPNCI) Rory Burns will be given the chance to succeed Alastair Cook at the top of England's Test batting order, after being named alongside two other uncapped players, Olly Stone and Joe Denly, in a 16-man Test squad for the tour of Sri Lanka in November. Burns, who has been the stand-out batsman on the county circuit this summer,

Sept 22 (ESPNCI) When Ravindra Jadeja made a swashbuckling half-century against England in the fifth Test at The Oval, he dusted off his bat - it had been a while since he played international cricket - and swirled it around like his Rajputana sword. In his first ODI since July 2017, Jadeja, flown into the UAE

Sept 22 (ESPNCI) It was three balls from the end that the match finally appeared to have swung decisively. In an ideal world, Afghanistan wouldn't have wanted their weakest bowler on the day - Aftab Alam - bowling the final over. But here he was, and under extreme pressure, experience counted.

Sept 22 (ESPNCI) India made vital blows with the ball in the second T20I, in Colombo, before the rains that had delayed the start of play by half an hour returned to force the teams off the field, and eventually wash out the match. In the 7.5 overs possible, India had Sri Lanka at 49 for 3,


Sept 22 (BBC) US Deputy Attorney General Rod Rosenstein has denied a report that he discussed invoking a constitutional clause to oust President Donald Trump. America's second most senior law official said the allegation was "inaccurate and factually incorrect".

Sept 22 (BBC) Gunmen have opened fire on an Iranian military parade in the south-western city of Ahvaz, killing at least 11 people including civilians, and injuring more than 20, state media say. The attackers shot from a park near the parade and were wearing military uniforms, reports say.

Sept 22 (BBC) China has told the US to withdraw sanctions on its military over purchases of Russian jets and missiles or "bear the consequences". The US says China has contravened US sanctions on Moscow introduced over Russian actions in Ukraine and alleged interference in US politics.

Sept 22 (BBC) A bishop has been arrested in the southern Indian state of Kerala over allegations that he raped a nun 13 times times between 2014 and 2016. The 44-year-old woman registered a police complaint in June, alleging that the Catholic Church had taken no action despite repeated appeals.

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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