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[Last Updated = Thu, Oct 27, 2016, 11:45 pm SL Time]
Sri Lanka PM outlines economic plan for next five years

Oct 27 (CP) Colombo- Sri Lanka's Prime Minister Ranil Wickremesinghe outlining his economic plan for the next five years in parliament today said a revolutionary thinking, bold policies and initiatives are required to take forward Sri Lanka's economy. Making a special statement on the future economic plans of the country in the parliament Thursday, the Premier said although the National Government started work on a sound footing - by increasing the actual wages of the public sector including those of general workers and the process stimulated domestic demand and addressed the imbalance in income levels, much more need to be done.
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Oct 27 (CP) Colombo- Sri Lanka's Colombo High Court Judge today allowed a special jury to hear the trial on the murder of former TNA Jaffna District parliamentarian Nadarajah Raviraj and his body guard in 2006.

** Related Story ::Attorney General indicts six suspects in Sri Lankan Tamil MP's murder

Oct 27 (CP) Colombo- New Chiefs of Staff have been appointed to the Sri Lanka Army (SLA) and Sri Lanka Air Force (SLAF), the Ministry of Defense announced today.

Oct 27 (Hindu) Sri Lanka’s police chief has admitted to"shortcomings" in police conduct in the alleged shooting of two Jaffna University students earlier this month.

Oct 27 (Island) Deputy Speaker Thialnga Sumathipala informed the House yesterday that Speaker Karu Jayasuriya had summoned IGP Pujith Jayasundara to Parliament to inquire about searching the Matugama estate and house of UPFA MP Kumara Welgama.

Oct 27 (DM) Air vice Marshal D.L.S Dias was appointed as the Chief of staff of the Sri Lanka Air force from October 1, Airforce spokesperson wing commander Gihan Seneviratne said.

Oct 27 (DN) The Colombo Police Crime Division has obtained court permission to detain the four suspects arrested in connection with the shooting incident at Mattakkuliya, for 72 hours, for questioning.

Oct 26 (CP) Colombo: former Deputy Minister of Petroleum Industries Sarana Gunawardena has pleaded guilty for the charges of not declaring his assets and liabilities. Sarana Gunawardena while serving as Chairman of the National Lotteries Board had not declared his assets for two consecutive years.

* High Court imposes death sentence on paedophile killer (26 - Island)
* 11 arrested for Mattakkuliya murder: Police (26 - DM)
* Jaffna student deaths: Shortcomings in Police conduct: IGP (26 - DN)
* Second post-mortem conducted on the exhumed body of Army intelligence officer who committed suicide (26 - CP)


Oct 27 (CP) Bali- Sri Lanka Thursday called for the Indian Ocean Rim Association (IORA) to move into a new era of dynamism, when the Foreign Minister Mangala Samaraweera addressed the 16th Council of Ministers Meeting (CoMM) of IORA in Bali, Indonesia.

Oct 27 (CP) Bali- Indonesia and Sri Lanka have agreed to take forward several initiatives on the bilateral political and economic fronts and also strengthen cooperation within the Indian Ocean Rim Association (IORA) as well as international fora with a view to elevate the relationship when Sri Lanka's Foreign Minister Mangala Samaraweera met with his Indonesian counterpart Retno Marsudi on Wednesday.

Oct 27 (CP) Colombo- Sri Lanka is seeking Special and Differential Treatment (S&DT) for its agricultural and service exports under World Trade Organization (WTO), Minister of Industry and Commerce Rishad Bathiudeen said.

Oct 26 (CP) Colombo- The NSBM Green University, South Asia's first green university was declared open by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe. The NSBM Green University, equipped with modern facilities has been built as a university town at a 26 acre land in Homagama, Pitipana.


Oct 27 (CP) Colombo- The Ministry of Finance said today that 82 essential consumer goods will be relieved of Value Added Tax (VAT) from 1st November. However, a 15% VAT has been imposed on cigarettes, liquor, telephone services, electrical equipment, perfume, Jewellery and powdered milk, the Ministry said in a statement.

Oct 27 (CP) Colombo- Sri Lanka's Cabinet has approved a proposal to release an advance of Rs. 4.055 billion to the Central Bank under the repayment schedule prepared by the Central Bank for the repayment of security deposit holders of the Golden Key Credit Card Company Limited.

** Related Story ::Sri Lanka Treasury to release Rs 4.5 billion to pay Golden Key depositors

Oct 27 (Reuters) Sri Lankan shares ended slightly firmer on Thursday, hovering near a 12-week closing low hit earlier in the week, in thin trade as investors awaited cues from the government budget and five-year plan as well as corporate earnings.

Oct 27 (Reuters) The Sri Lankan rupee traded weaker on Thursday on importer demand for the U.S. currency with moral suasion by the central bank preventing a fall in both the spot currency and spot-next, dealers said.

Oct 27 (Island) Dusit Thani Sri Lanka, Beachfront Balapitiya recently hosted ‘Australia Showcase 2016’ for Sri Lankan-Aus society crème de la crème, in Melbourne to meet the immense interest received from both expats and locals alike in Australia.

Oct 27 (DM) The diversified regional plantation company, Watawala Plantations PLC, saw its September net profit jumping to Rs.309.3 million from Rs.131.1 million a year ago, an increase of 136 percent, as the palm oil business pushed both top-line and the bottom-line performance.

Oct 27 (DN) The Finance Minister has agreed not to impose any taxes any further on the Tourism Industry, disclosed Tourism Minister, John Amaratunga addressing the Hotels Association of Sri Lanka’s 51th AGM in Colombo on Tuesday.

Oct 27 (LBO) Sri Lanka is to obtain 75 million US dollars as credit of Special Drawing Rights (SDR) from the International Development Association of the World Bank for the Social Safety Nets project.

Oct 26 (CP) Colombo- The Bill entitled "Value Added Tax (Amendment)" passed in Sri Lanka parliament with a clear majority of votes today. When the Division by name was taken at the Second Reading in 225-member parliament 112 voted in favor of the Bill while 46 voted against.

Oct 26 (CP) Colombo- Despite a decline of a notch from last year to 110th place in the World Bank's "Doing Business 2017″ index, which measured the ease of doing business in 190 countries, the overall business environment improved in Sri Lanka, the Doing Business report released by the bank on Tuesday revealed.

* Sri Lankan shares end slightly weak, hovering close to 12-wk low (26 - Reuters)
* Sri Lankan rupee steady in lean trade; stocks weak (26 - Reuters)
* Dr. Patrick Dixon, Europe's leading futurist to address Lankan CEOs (26 - CP)
* SL seen as having capacity to absorb high and low spending tourists (26 - Island)
* HNB’s Rs.6bn worth of debentures snapped up (26 - DM)
* Hemas Holdings invests US$ 50 mn on second Anantara resort in Kalutara (26 - DN)
* Sri Lanka targets budget deficit of 4.4-pct for 2017: Minister (26 - LBO)


Oct 27 (CP) Colombo- The Muslim Council of Sri Lanka (MCSL) while welcoming the cabinet decisions to appointment another committee to address the reforms needed to the Muslim Marriage and Divorce Act, expressed concern over Minister of Law and Order Sagala Ratnayake's statement on the measure.

Oct 27 (CP) Colombo- Prime Minister Ranil Wickremesinghe is expected to announce the government's much-anticipated five-year economic plan in Parliament today, Finance Minister Ravi Karunanayake said.

Oct 27 (CP) Colombo- Sri Lanka's Office for National Unity and Reconciliation (ONUR) seeking financial assistance from India to expand its rain water harvesting project in the Northern Province, has presented a proposal to the Indian High Commission in Sri Lanka for providing a sustainable drinking water source for the Jaffna peninsula.

Oct 27 (CP) Colombo- Sri Lankan government has decided to build another 800 kilometers of electrical fence to prevent elephants from entering into villages. According to the government, about 60-80 human lives and lives of more than 200 wild elephants are lost annually due to human -elephant

Oct 27 (WAM) Abdul Hameed Abdul Fattah Kazim Al Malla, UAE Ambassador to Sri Lanka, has discussed with Harsha de Silva, Deputy Foreign Minister of Sri Lanka, ways to enhance bilateral relations between the two countries, especially in the economic field.

Oct 27 (RW) Across Sri Lanka, climate change related weather aberrations and resultant extreme weather events are becoming increasingly common. While this affects the country at large, farmers and agricultural workers face the worst impacts of this variability.

Oct 27 (Hindu) Even as Sri Lanka drafts a new law to counter terrorism, human rights activists and lawyers here fear it might be worse than the Prevention of Terrorism Act (PTA) they want repealed and replaced.

Oct 27 (Island) State Minister of International Trade Sujeeva Senasinghe, addressing the weekly Cabinet Press Briefing at the Parliamentary Complex, said that some were trying to find people guilty through a "trial by media", but the COPE report on the profits made by Perpetual Treasuries through the purchase of bonds during the last financial year, had not been finalised.

Oct 27 (DM) The proclamation issued by the British Government naming 19 Sri Lankans including Kepptipola Disawe as traitors almost 100 years ago was yet to be cancelled, Parliament was informed yesterday.

Oct 27 (DN) The government has paid attention towards a scheme which will enable women to gain nomination to Parliament, Provincial Councils and Local Councils without hassle, in a measure to increase women’s representation in these bodies, Higher Education and Highways Minister Lakshman Kiriella said.

Oct 26 (CP) Colombo- the Sri Lanka Freedom Party (SLFP) today handed over the party's proposals for the 2017 Budget to the Finance Minister Ravi Karunanayake at the Finance Ministry.

Oct 26 (CP) Colombo- Sri Lanka's cabinet has given its approval for the government to follow a five-year capital market strategy in order to attract investors, issuers, institutions and mediators.

Oct 26 (CP) Colombo- Sri Lanka's Speaker Karu Jayasuriya says the government is mindful of the necessity to rebuild trust and harmony through reconciliation which is essential in building peace and preventing the recurrence of violence and conflict.

Oct 26 (CP) Colombo- Sri Lanka President Maithripala Sirisena says a vibrant media culture and media freedom thrive in Sri Lanka under this government and protecting media freedom is among the government's main policies.

Oct 26 (CP) Colombo- A group of 40 Sri Lankan Tamil refugees lived in camps in Tamil Nadu, India are arriving Sri Lanka on Thursday October 27, 2016 under the UNHCR facilitated voluntary repatriation program.

Oct 26 (CP) Washington, DC- The United States Department of State Bureau of Democracy, Human Rights and Labor (DRL) Tuesday announced an open competition for organizations interested in submitting applications for an opportunity for a project on Strengthening civil society in Sri Lanka.

Oct 26 (DFT) The first APEX award by the United Nations Association in Sri Lanka (UNASL) for the promotion of Accessibility Rights in Sri Lanka was presented to Dr. Ajith C.S. Perera at an event to mark the 71st United Nations Day, organised by UNASL at the Bishop's College auditorium.

* Bond scams: SLFP won’t shield perpetrators (26 - Island)
* COPE will present a landmark report: Ajit P. Perera (26 - DM)
* Govt. expenditure slashed by Rs. 365 billion (26 - DN)


Oct 27 (ESPNCI) October in Zimbabwe is pregnant with expectation. After the long, dry months of winter, the heat is back, without the rain - so, each afternoon, eyes are drawn to the gathering clouds in anticipation that that might be the day the heavens finally open. Until the rains come, the air remains heavy with the accumulated haze of winter's fires, the giant trees look tired from thirst and the heat becomes oppressive.


Oct 27 (ESPNCI) Sri Lanka Cricket has appointed former first-class wicketkeeper Hemantha Devapriya as the head coach of the national women's team. Former SLC spin coach, Oshadi Weerasinghe, has been given the role of assistant coach. A coach for the past 15 years, Devapriya had roles with Colombo Cricket Club, Nondescripts and Fingara Cricket Academy, before most recently being in charge of the Sri Lanka A team.

Oct 27 (ESPNCI) Zimbabwe quicks Tendai Chatara and Tinashe Panyangara are unfit, and hence have not been picked for the upcoming home Tests against Sri Lanka. Chris Mpofu, who last played a Test nearly five years ago, and uncapped seamer Carl Mumba were named in the 16-man squad. Another uncapped player - batsman Tarisai Musakanda - was picked; both Mumba and Musakanda represented Zimbabwe A against Pakistan A earlier this month.

Oct 27 (ESPNCI) Less will be more under the structures currently being proposed for the future of international cricket, which would for the first time place limits on how many matches and series could be scheduled by any one nation. Speaking at the Cricket Australia AGM, which underlined the game's financial reliance on bilateral tours, the chief executive James Sutherland outlined plans currently under discussion for league structures in ODIs and Twenty20 matches, plus a mooted "conference" format for Test matches.


Oct 27 (BBC) Two strong earthquakes have hit central Italy, damaging buildings and injuring dozens of people. A 5.5-magnitude quake struck at 19:10 (17:10 GMT) near Visso in Macerata province, followed two hours later by a 6.1 magnitude tremor in the same area. Emergency teams have worked through the night. In August an earthquake killed about 300 people south of Visso.

More : WORLD

Oct 27 (Hindu) British Prime Minister Theresa May has said that the UK’s stand on Kashmir remains unchanged and it is a bilateral issue between India and Pakistan to address. The issue was raised in the House of Commons during the weekly Prime Minister’s Questions session yesterday by Pakistani-born Labour MP Yasmin Qureshi, who asked if the Kashmir issue would form part of May’s discussions during her visit to India next month.

Oct 27 (Hindu) India failed to get an outright statement of support for its bid to become a member of the Nuclear Suppliers Group from New Zealand Prime Minister John Key after talks with Prime Minister Narendra Modi, but officials said they were “encouraged” by the discussions they held ahead of the next NSG meeting on the issue on November 9-10.

Oct 26 (Hindu) Rabab Quamar was one of the three volunteers on shift on Monday afternoon, canvassing voters over the phone at the Democratic Party campaign office on the outskirts of the city, which is considered the capital of the global automobile industry. “I am calling to seek your support for Dr. Anil Kumar for U.S. Congress,” she says at the start of each call, and then goes on to offer specifics about the candidate’s track record and positions.

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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