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[Last Updated = Wed, May 25, 2016, 12:08 pm SL Time]
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World Bank responds positively for Sri Lankan President's request for financial assistance

May 24 (CP) Colombo: The World Bank has responded positively to a request made by the Sri Lankan President Maithripala Sirisena to provide financial assistance for the next four years to help improve the living standards of the island's people. A 12-member World Bank delegation met with the Sri Lankan President Tuesday at the President's House to discuss the progress of ongoing World Bank funded projects in Sri Lanka and to explore possible ways to relax the conditions for loan facilities provided to Sri Lanka.
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LEGAL - SITUATION

May 25 (CP) Colombo- Sri Lanka Red Cross Society (SLRCS) says it will continue the relief efforts in the aftermath of flash floods and landslides experienced in the recent days. As of now over 200 volunteers from Gampaha, Colombo, Kegalle, Puttalam and Ratnapura have been assisting

May 25 (CP) Colombo- As flood waters recede across Sri Lanka death toll from the last week's floods and landslides has risen to 101 according to the latest figures from the Disaster management Center (DMC). Another 100 people are missing and presumed dead in the landslides-hit Kegalle district in Central Province.

May 25 (AJ) Aranayake- In Siripura, one of three Sri Lankan villages completely buried by a massive landslide a week ago, a grieving Priyanthi Sudeepani, 42, continues to hold on to hope for her son's return.

May 25 (Island) The woman photographed by The Island while she was collecting relief items being distributed by hundreds of kind hearted donors, through her henchmen near the Kelani Bridge on Sunday has been identified as a resident of Wellampitiya.

May 25 (DM) In the aftermath of the floods in Colombo, the Government has decided to relocate the families living in shanties, which are often found to obstruct canals in places such as Kolonnawa, Wellampitiya and Kotte in the Colombo District, officials said today.

May 25 (DN) The Colombo Crimes Division (CCD) yesterday informed Colombo Chief Magistrate Gihan Pilapitiya that kidney transplant surgeries were performed at a private hospital after using fake rubber stamps of the Indian medical practitioners.

May 24 (CP) Colombo- The Sri Lanka Navy said it has assisted the repatriation of 34 Indian fishermen released from Sri Lankan custody Tuesday. The released fishermen were handed over to the Indian Coast Guard Ship Sagar at the International Maritime Boundary Line north of Kankasanthurai.

May 24 (CP) Colombo- A Sri Lankan court Monday postponed the trial against former Judge, who is alleged of sexual assault on his domestic employee, to September. Colombo High Court Judge, Nissanka Bandula Karunaratne yesterday re-fixed the hearing against retired Supreme Court Judge Sarath de Abrew for 14 and 15, of September 2016.

** Related Story ::Former Judge alleged of sexual assault of domestic employee granted bail

May 24 (Island) The Financial Crimes Investigation Division (FCID) yesterday arrested former Secretary to the Ministry of State Resources and Enterprise Development, Willie Gamage and former Chairman of Sri Lanka Savings Bank Ariyathilake Dahanayake in connection with a land deal at Oruthota, Gampaha.

May 24 (DM) Commercial High Court of Colombo has recently issued an interim order against Dr. Chris Nonis et al, in a case filed by majority shareholders of Mackwoods Securities for alleged oppression, mismanagement and misappropriation of assets belonging to Mackwoods Group of Companies.

May 24 (DN) Former President Mahinda Rajapaksa’s eldest son, United People’s Freedom Alliance Hambantota District Parliamentarian Namal Rajapaksa arrived at the Financial Crimes Investigation Division (FCID) of the Police yesterday morning.

More : LEGAL - SITUATION
More : LEGAL - SITUATION

NEWS - HIGHLIGHTS

May 25 (CP) Colombo- Sri Lankan President Maithripala Sirisena will leave for Japan today (25th May) to participate in the G7 Summit, the Government Information Department said. The 42nd G7 summit will be held on 26-27 May 2016 in Kashiko Island, Shima, Mie Prefecture, Japan.

May 24 (CP) Colombo- Sri Lanka's Prime Minister Ranil Wickremesinghe has ordered the Monetary Board of the Central Bank to submit detailed quarterly reports on the issue of domestic and foreign bonds to the State Financial Committee of the Parliament.

May 24 (CP) Colombo- Lanka Indian Oil Corporation (IOC) today presented Rs. 5 million to Sri Lankan President Maithripala Sirisena to provide for the welfare of the victims from floods and landslides disasters.

May 24 (CP) Colombo- Sri Lankan President Maithripala Sirisena has assured to allocate sufficient financial resources to deliver maximum relief to the people affected by the recent floods and landslides in Sri Lanka.


FINANCE - TRAVEL

May 25 (CP) Colombo- The New Delhi-based Ambassador of Poland accredited to Sri Lanka Tomasz Lukaszuk held discussions with the Chairperson of Sri Lanka Export Development Board (EDB) Indira Malwatte this week in Colombo.

May 25 (Island) London Stock Exchange Group (LSEG) announced the signing of a landmark agreement with the government of Sri Lanka to set up their global Business Services arm in the technology-focused Tripoli Market precinct of Colombo.

May 25 (DM) The precincts of Leisure World rang with the sounds of unbridled fun and frolic recently when Ceylinco Life hosted policyholder families from every district of Sri Lanka to a day at the theme park in Avissawella.

May 25 (DN) Asian Alliance Insurance posted impressive growth for the first quarter of 2016. Asian Alliance Insurance PLC recorded a profit after tax (PAT) of Rs 267.2 million for the first quarter of 2016

May 24 (CP) Colombo- Sri Lanka's diversified conglomerate Hayleys PLC posted Profit Before Tax (PBT) of Rs. 6.8 billion for the financial year 2015/16, a 7% increase over the previous year. Earnings Per Share (EPS) increased to Rs. 40.05 from Rs. 34.42 per share in the previous year.

May 24 (CP) Colombo- Sri Lanka Tourism Promotion Bureau (SLTPB) launched its first roadshow in Australia from Melbourne, on 17th May with a great success. Following the first show in Melbourne two more roadshows were conducted in Brisbane and Sydney.

May 24 (CP) Colombo- The Commercial Bank of Ceylon has won two more prestigious international accolades, being adjudged the 'Best Bank' in Sri Lanka in 2016, and presented a Platinum award for 20 years of excellence by the Hong Kong based 'FinanceAsia,' magazine, one of the most respected financial publications in the region.

May 24 (LATimes) Dancers, jugglers, musicians, fire-breathers, acrobats and more than 100 costumed elephants set the scene for the Kandy Esala Perahera, one of the largest Buddhist festivals held annually in southeast Asia.

May 24 (MWL) New taxes imposed by Sri Lanka's government will result in stagnant revenue growth this year as well as lower profitability, Fitch Ratings forecasts.

May 24 (Reuters) Sri Lankan rupee forwards edged down on Tuesday as dollar demand from importers surpassed dollar selling by banks, with the currency expected to weaken on an expected increase in government spending after days of torrential rain caused flooding.

More : FINANCE - TRAVEL
* Sri Lankan shares close at 3-wk low on flood woes (24 - Reuters)
* ‘Banking sector needs urgent reforms to support govt. development goals (24 - Island)
* VMware accelerates shift to digitalization and Cloud in Sri Lanka (24 - DM)
* Central Bank following up on Panama Papers’ Lankan names (24 - DN)
More : FINANCE - TRAVEL

POLITICS - GENERAL

May 25 (CP) Riyadh- Alwaleed Philanthropies (AP) in Saudi Arabia, chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, is donating US$1 million to provide support to those affected by the recent floods and landslides in Sri Lanka, the organization said in a statement.

May 25 (Xinhua) COLOMBO- Sri Lankans returning home after being stranded in floods and landslides were urged on Wednesday to be cautious of health issues. The Sri Lanka Red Cross Society (SLRCS) said that soon after floods there was a possibility of an increase in vector borne diseases such as dengue, diarrhea (due to the consumption of unclean water) and fever.

May 25 (Island) The Joint Opposition yesterday said faulted the government for failure to distribute disaster relief in an efficient and equitable manner. It said some victims had been left out."The government did not conduct the local government elections on time and a majority of local government bodies function without public representatives," he said,

May 25 (DM) Eastern Province Chief Minister Nazeer Ahamed yesterday gave the background to the incident that occurred at the function held at the Sampur Maha Vidyalaya. He said he had lost his temper because of the actions of Governor Austin Fernando.

May 25 (DN) Civil Society activists are up in arms against the appointment of former Telecommunications Regulatory Commission of Sri Lanka Director General Anusha Palpita as an Additional Secretary of the Home Affairs Ministry, when he is facing charges of allegedly misappropriating over Rs. 600 million for the distribution of Sil Redi on the eve of the last Presidential election.

May 25 (Hindu) Northern Province Chief Minister C.V. Wigneswaran on Tuesday kicked up a row by criticising Governor Reginald Cooray for holding a meeting on Jaffna city development scheme without consulting him.

May 24 (CP) Colombo- The first ever Sri Lankan to reach Mount Everest, Jayanthi Kuru-Utumpala has returned safely to the Nepali capital of Kathmandu, the BBC Sinhala Service reported. Jayanthi Kuru-Utumpala, who started the trek to the summit with fellow climber Yohan Peiris, set history on 21 May as the first Sri Lankan to summit the formidable mountain at 29,029 feet.

May 24 (CP) Colombo- The election watchdog, Campaign for Free & Fair Elections (CaFFE) has slammed the appointment of a former government official accused of financial misuse of public money as an Additional Secretary to a Ministry.

May 24 (CP) Colombo- Considering the disaster situation caused by the adverse weather, the Sri Lankan government has decided to release the essential items required for victims affected by the flood on a priority basis.

May 24 (CP) Bangkok- Sri Lankan Minister of Justice and Buddhist Affairs Wijeyadasa Rajapakshe has met with Deputy Prime Minister of Thailand Wissanu Krea-ngam to strengthen Thai-Sri Lankan bilateral relations.

May 24 (CP) Colombo- The German government will provide financial support of one million Euro for flood and landslide relief efforts in the aftermath of the recent natural disaster, the German Embassy in Colombo said in a release. The funds will be used to meet the priority needs of people affected by the crisis.

May 24 (CP) Colombo- Sri Lanka's Port and Shipping Minister Arjuna Rantunga says that now is the time to speed up providing relief to the flood-displaced people. He made this remark when he inquired about the progress in providing relief to the port employees displaced by the floods.

May 24 (CP) Colombo- The government of South Korea plans to sign an initial deal with Sri Lanka on the development of the Sri Lankan capital of Colombo and adjacent areas in the Western Province under the megapolis development plan, Yonhap News Agency reported.

May 24 (Strait Times) SINGAPORE- Singapore said yesterday that it will contribute US$100,000 (S$138,000) in support of immediate relief efforts in Sri Lanka where hundreds of thousands of people were forced into shelters after major floods hit the island.

More : POLITICS - GENERAL
* GMOA cautions lactating mothers not to get duped (24 - Island)
* No restrictions in funds: Amaraweera (24 - DN)
More : POLITICS - GENERAL

SPORTS

May 25 (ESPNCI) There was no long apprenticeship at the fringes of the Test side for Kusal Mendis. There were no tours with the A team, or leadership positions in his club side. But such opportunities as have been thrown his way have been seized, and now, he has his first Test fifty. In five innings in England so far - including in the two warm-up matches - Mendis has hit three half-centuries. None of his team-mates have managed more than one.

More : SPORTS

May 24 (ESPNCI) Sri Lanka fast bowler Dushmantha Chameera has been ruled out of the England tour after suffering a stress fracture to his lower back. Chameera has been advised rest for four months and will return to Sri Lanka to continue his treatment. The Sri Lanka selectors are expected to meet by Wednesday to pick a replacement for Chameera. The loss of Chameera is the second big blow to Sri Lanka's bowling attack.

May 24 (ESPNCI) Oman coach Duleep Mendis praised Munis Ansari after the fast bowler took a career-best 5 for 27 in a 58-run victory over Jersey at WCL Division Five on Monday, calling him a 'unique' player for his game-changing ability. "We are fortunate to have a person like Munis Ansari," Mendis told ESPNcricinfo after Oman's win at St Saviour. "This is not the first time that he came and got the breakthrough for us.

May 24 (ESPNCI) Moises Henriques was a hotel room key away from being among the players suspended for "Homework-gate" on the 2013 India tour, but may now play a key role in Australia's effort to build subcontinental momentum by beating Sri Lanka at home in July and August. The recalls of Henriques alongside the fit-again Mitchell Starc were the key outcomes of the 15-man touring party announced for Sri Lanka on Tuesday


WORLD

May 25 (Hindu) It seems to be hanging season on India’s western and eastern borders. If Pakistan is hanging militants and terrorists responsible for the upsurge in violence in recent years, Bangladesh is going after the war criminals behind the mass atrocities in the lead-up to the liberation of the country in 1971. The reasons are clearly different, but in both Pakistan and Bangladesh each execution is often followed by attacks on civilians.

More : WORLD

May 25 (Reuters) On his way down from the top of Mount Everest, Indian mountaineer Nava Kumar Phukon saw the woman sway from side to side — a classic sign of severe mountain sickness — as snow and fog reduced visibility to less than 10 feet (3 metres). Mr. Phukon's sherpa guide later told him the woman was 34-year-old Australian Maria Strydom, who died last Saturday on the high slopes of Everest after making a failed push for the summit.

May 24 (BBC) The former president of the Maldives, Mohamed Nasheed, has been granted refugee status in the UK, according to his lawyer. Nasheed, the opposition leader, was controversially jailed for 13 years under anti-terror laws last year. He was allowed to travel to the UK to receive treatment on his spine.

May 24 (BBC) Prime Minister Narendra Modi has announced that India will build and operate a key Iranian port after his talks with President Hassan Rouhani. India would invest $500m (£344m) to develop the strategically important Chabahar port, close to Iran's border with Pakistan, he 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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