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[Last Updated = Tue, Oct 17, 2017, 08:38 pm SL Time]
TOP STORY
Sri Lanka President emphasizes need to further consolidate relationship with Pakistan

Oct 17 (CP) Colombo- Sri Lanka's President Maithripala Sirisena recalling the long-standing bilateral relations with Pakistan emphasized the need to further consolidate the relationship between the two countries when visiting Pakistani Foreign Secretary Ms. Tehmina Janjua called on him at the Presidential Secretariat today (October 17).
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LEGAL - SITUATION

Oct 17 (CP) Colombo: Sri Lanka Navy on early Tuesday has arrested 8 Indian fishermen and impounded their mechanized fishing boat for allegedly crossing the International Maritime Boundary Line (IMBL) and fishing in Sri Lankan waters.
 

Oct 17 (CP) Colombo- A new prison complex built in accordance with international standards in Agunakolapelessa was declared open opened Monday by the Minister of Prison Reforms D. M. Swaminathan.
 

Oct 17 (DM) A dog had been seen running through a street in Nuwara Eliya grabbing the body of a new born infant in its mouth. The Grama Niladhari Officer of the area had witnessed this horrific scene and immediately released the body from the dog.
 

Oct 17 (Island) Prison authorities yesterday transferred four of the seven convicts sentenced to death for raping and murdering Jaffna schoolgirl Vidya Sivaloganthan from the Pallete Bogambara prison yesterday due to security concerns, according to sources.
 

Oct 17 (DN) The Colombo Fort Magistrate yesterday issued a warrant for the arrest of former Secretary to the Ministry of Irrigation and Water Management Ivan de Silva over a Rs.4.1 billion financial fraud alleged to have taken place in the Gin-Nilwala Diversion Project.
 

Oct 16 (CP) Colombo- The Colombo Magistrate Court today fixed for trial a case filed against former Chairman of Litro Gas Ltd, Shalila Munasinghe on charges of illegally obtaining electricity.

** Related Story :: Litro Gas chairman arrested over hacked funds of Taiwanese Bank remanded Till Oct 25
 

Oct 16 (CP) Hambantota- A Sri Lankan court today granted bail to the Hambantota District United People's Freedom Alliance Parliamentarian Namal Rajapaksa and five others who were remanded last week for violating a court order and protesting.

** Related Story ::Sri Lanka police arrest Hambantota protesters including MP Namal Rajapaksa
 

More : LEGAL - SITUATION
* Brothel employing female drug addicts as sex workers raided (16 - Island)

NEWS - HIGHLIGHTS

Oct 17 (CP) Colombo- Sri Lanka Cricket board said its Executive Committee yesterday (16) decided to revise the suspension imposed on Dhanushka Gunathilaka upon consideration of the appeal made on behalf of Gunathilaka by the Sinhalese Sports Club.
 

Oct 17 (CP) Colombo- The Central Bank of Sri Lanka announced that its Governor Dr. Indrajit Coomaraswamy has been named the Central Bank Governor of the Year, South Asia by the popular publication house Global Capital.
 

Oct 16 (CP) Washington, DC- The International Monetary Fund (IMF) says Sri Lanka's 2018 budget should continue fiscal consolidation, supported by the new Inland Revenue Act and upholding the reform momentum is key to addressing vulnerabilities and sustaining inclusive growth.
 


FINANCE - TRAVEL

Oct 17 (CP) Colombo- Leo Burnett Sri Lanka was recently named the 'Agency of the Year' at this year's Effie Awards Programme in Sri Lanka. Leo Burnett Sri Lanka added credentials to its standing as Sri Lanka's leading creative agency
 

Oct 17 (Reuters) COLOMBO- Sri Lankan shares ended down for a second straight session on Tuesday, slipping further from their highest close in more than 10 weeks hit last week, with investors booking profits in telecom stocks while block deals boosted the turnover, brokers said.
 

Oct 17 (LBO) Sri Lanka’s CIC Holdings, a subsidiary of CIC Holdings said it acquired a 70 percent stake in Unipower (Pvt) Limited, a firm that specializes fertilizers. “CIC Holdings brought 376,600 shares of Unipower (Pvt) Limited at Rs. 632.17 a share,” the company said in a stock exchange filling.
 

Oct 17 (Global Capital) Sri Lanka has the right strategic plans in place to take its economy to the next level, but the challenge is whether they can be executed effectively, the country’s central bank governor Indrajit Coomaraswamy told GlobalMarkets yesterday.
 

Oct 17 (Island) LAUGFS Gas, which is a part of the diversified Sri Lankan conglomerate LAUGFS Holdings, recently celebrated two years of operation in Bangladesh with the presence of eminent local business leaders and government officials.
 

Oct 17 (DM) Cinnamon Legends announces the launch of its newly revamped website www.cinnamonlegends.com. This site offers quick and easy access to essential information and features of all cinnamon value-added products while offering a more comprehensive understanding of the company’s value proposition and overall client benefits.
 

Oct 17 (DN) Fitch expects Sri Lanka tourist arrivals to grow by a compound annual growth rate (CAGR) of 15% over the next four years (2016: 14%), driven primarily by the rapid increase in the inflow from Indian and Chinese markets. Fitch expects tourist arrivals to reach 3.6 million in 2020.
 

Oct 16 (CP) Colombo- The Securities and Exchange Commission (SEC) of Sri Lanka has decided to enforce more strictly the stock market procedures applicable to listed public companies from next year.
 

Oct 16 (CP) Colombo- A global rating agency does not expect the Sri Lankan government to liberalize electricity sector or privatize the state owned power supplier, Ceylon Electricity Board (CEB) in medium term.
 

Oct 16 (CP) Colombo- According to the monthly Index of industrial Production (IIP) released by the Census and Statistics Department, the volume of industrial production in Sri Lanka has increased by 4.8 percent in August 2017 compared to the same month in 2016.
 

More : FINANCE - TRAVEL
* Sri Lankan shares snap winning streak, end lower on profit-taking (16 - Reuters)
* Indian footwear giant gains foothold in SL Local entrepreneurs cry foul (16 - Island)
* SL sees gains from GSP Plus in August (16 - DM)
* Billion dollar business opportunity in power sector - Deputy Minister (16 - DN)
* Digital Disruption: IQ leads the charge in Sri Lanka (16 - CP)
* South Asia's first NB-IoT service launched on Dialog's 4G LTE network (16 - CP)

POLITICS - GENERAL

Oct 17 (CP) Colombo- Measures have been taken to strengthen the stringent laws against Indian fishermen poaching in Sri Lankan territorial waters, Minister of Fisheries and Aquatic Resources Development Mahinda Amaraweera said.
 

Oct 17 (CP) Colombo- Minister of Education Akila Viraj Kariyawasam asserted that the Teacher Transfer program, which was not implemented for a number of years, will not be shelved. Speaking to the media yesterday, the Minister said that he had given leadership to the implementation of the Teacher Transfer program which had not been in operation for many years.
 

Oct 17 (Xinhua) The Communist Party of China (CPC) is a very successful organization that sets a great example to the world, said a Sri Lankan executive. "If I were a Chinese, I would love to join the Communist Party of China," Chandana Thilakarathna, CEO of Sri Lanka's Independent Television Network, told Xinhua in a recent interview.
 

Oct 17 (Island) Finance and Mass Media Minister Mangala Samaraweera told the Annual Meeting of the WB/IMF in Washington last Friday (13) that Sri Lanka was projected to move to a higher growth of 7.0 per cent by 2020
 

Oct 17 (DM) The President and Prime Minister should immediately respond to the Mahanayake Theras request of resolving the SAITM issue as soon as possible, the Government Medical Officers’ Association (GMOA) said yesterday.
 

Oct 17 (DN) The Annual Esala Maha Perahera of the Walukarama Viharaya, Kollupitiya was held on October 15. Prime Minister Ranil Wickremesinghe placed the Sacred Relics Casket on the Ceremonial Tusker to inaugurate the Perahera.
 

Oct 16 (CP) Colombo- Every program to protect and conserve the environment for the future generation will be implemented without any delay, Sri Lankan President Maithripala Sirisena disclosed Monday when he inaugurated the national program of "Sri Lanka Next - A Blue Green Era".
 

Oct 16 (CP) Colombo- Sri Lankan President Maithripala Sirisena has given instructions to the Divisional Secretaries to continue the services rendered by the provincial councils to the public without any hindrance, even though the official term of the provincial council has ended.
 

Oct 16 (CP) Colombo- A two-day dengue prevention program will be held today (16th) and tomorrow (17th) in the Public Health Inspector areas of Jaffna, Government Information Department said.
 

Oct 16 (CP) Colombo- The Foreign Secretaries of Sri Lanka and Pakistan, Prasad Kariyawasam and Tehmina Janjua, will lead the respective Foreign Ministry delegations to the Fifth Foreign Office consultations that will take place in Colombo on 17 October 2017.
 

Oct 16 (CP) Colombo- India-Sri Lanka Foundation, an organization established to foster relations between the two countries, is inviting proposals for funding projects in several areas, High Commission of India in Colombo said in a release.
 

Oct 16 (CP) Colombo- Pakistan's Foreign Secretary Ms. Tehmina Janjua will be visiting Sri Lanka from October 17 to 18, 2017 to take part in the 5th Round of Bilateral Political Consultations between Pakistan and Sri Lanka. The 4th round of talks was held in August 2014 in Islamabad.
 

Oct 16 (CP) Colombo- The strikes launched by the state doctors inconveniencing the patients is an attempt to mislead the country towards political objectives and the government will take measures responsibly regarding the doctors' strikes, Minister of Justice and Foreign Employment, Thalatha Athukorala said.
 

Oct 16 (CP) Colombo- The Mahanayake Theras (Chief Prelates) of the four Buddhist Chapters have urged President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe to promptly resolve the controversial issue regarding the operation of the South Asian Institute of Technology and Medicine in Malabe.
 

More : POLITICS - GENERAL
* Minister has no power to take unilateral decision, says ministry secretary (16 - Island)
* Sad to see long-serving SLFP organizers removed-John (16 - DM)
* Shalila Moonasinghe’s dual citizenship issue : Elections Commission to meet on Oct. 19 (16 - DN)

SPORTS

Oct 17 (YC) According to reports from Cricbuzz, Sri Lanka's limited-overs captain Upul Tharanga is unwilling to tour Pakistan for the third T20I in Lahore. Citing security concerns, the left-hander has reportedly pulled out of the final match and consequently ruled himself out of contention for the entire T20I series.
 

Oct 17 (CB) Sri Lanka's Cricket Manager Asanka Gurusinha says the board is trying to rope in as many top players as possible for the team's scheduled Twenty20 International in Lahore later this month. The ongoing bilateral series against Pakistan ends with a T20I in Lahore as Pakistan Cricket Board (PCB) is trying to bring international cricket back to the country.
 

Oct 17 (ESPNCI) Babar Azam's seventh ODI hundred combined with a sublime all-round performance from Shadab Khan saw a listless Sri Lanka slump to their ninth consecutive ODI defeat. They lost by 32 runs, but the margin would have been much greater but for a fighting hundred by Sri Lankan captain Upul Tharanga; no one else scored more than 22.
 

Oct 16 (CP) Colombo- Sri Lanka Cricket team will play an international cricket match with Pakistan in Lahore later this month, eight years after the visiting Sri Lankan team came under a terrorist attack. Sri Lanka Cricket today (16) confirmed its commitment to play the third and final T20 game of the ongoing Sri Lanka tour of Pakistan at the Gaddafi Stadium, Lahore, Pakistan on the 29th of October.
 


WORLD

Oct 16 (AFP) A tiger which killed four villagers in central India has died after being electrocuted, an official said Sunday, ending a hunt by armed rangers for the beast. A court in Maharashtra state issued a shoot-to-kill order Friday against the two-year-old female tiger after its latest victim, a woman, died earlier this month.
 

Oct 16 (BBC) Austria's conservative People's Party, led by 31-year-old Sebastian Kurz, is set to win the country's general election, projections suggest. Mr Kurz is on course to become the world's youngest national leader. The People's Party was set to win more than 31%.
 

Oct 16 (BBC) The Met Office has warned of "potential danger to life" as the remnants of Hurricane Ophelia heads for the British Isles with 80mph (130km/h) winds. An amber warning for Northern Ireland, where all schools are to be closed on Monday, is in force from 15:00 BST.
 

Oct 16 (BBC) Forty people have died and hundreds are still missing in California after six days of wildfires that have devastated swathes of countryside and destroyed thousands of homes. California's governor said it was "one of the greatest tragedies" the state had ever faced. More than 10,000 firefighters are battling 16 remaining blazes.
 


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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