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[Last Updated = Wed, Jan 22, 2020, 01:13 pm SL Time]
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Approval granted for amendments to Inland Revenue Act including tax reliefs under the revival of the economy

Jan 22 (CP) Colombo- Sri Lanka’s Finance Ministry said the proposal made by Prime Minister Mahinda Rajapaksa in his capacity as the Minister of Finance, Economic and Policy Development, to fulfill the promise made by the Government to re-create a simple, transparent and efficient tax system, received the approval of the Cabinet of ministers.
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LEGAL - SITUATION

Jan 22 (CP) Colombo- A special gazette notification has been issued assigning Sri Lanka’s armed forces the task of maintaining public order in all 25 districts of the country. President Gotabaya Rajapaksa has issued an extraordinary gazette notification
 

Jan 22 (CP) Colombo- Officials of Sri Lanka’s Department of Immigration and Emigration have arrested five Uzbekistan women illegally staying in the country without valid visas. Reportedly the five Uzbek women, aged between 25 and 35 years were engaged in prostitution at two tourist hotels in Wellawatte and Bambalapitiya after arriving in the island on tourist visas.
 

Jan 22 (Times) At least 750 persons were arrested by the western province Motor traffic division. The arrests were made following a special operation to apprehend suspects who had committed various criminal activities. The operation was conducted by all police divisions at Western province.
 

Jan 22 (Island) The Pulmoddai police, on Monday, arrested a person who attempted to change 13 counterfeit notes in the denomination of Rs. 5,000 at a state bank branch at Pulmoddai. According to police, the suspect had approached a security guard at the bank and requested him to change the notes.
 

Jan 22 (DM) UNP MP Hirunika Premachnadra yesterday said she will file legal action against those whom she accused of doctoring the phone conversations she has had with her parliamentary colleague Ranjan Ramanayake.
 

Jan 22 (DN) Former State Timber Corporation (STC) Chairman Piyadasa Dissanayaka who were sentenced to 12-years’ rigorous imprisonment for soliciting and accepting a bribe have filed for bail pending appeal before the Permanent High Court Trial-at-Bar. This application is to be taken up for inquiry on February 17 by the Trial-at-Bar bench.
 

Jan 21 (CP) Colombo- The Judicial Service Commission has decided to suspend the services of Embilipitiya High Court Judge Gihan Pilapitiya over the controversial phone conversation he has had UNP MP Ranjan Ramanayake.
 

Jan 21 (CP) Colombo- The Criminal Investigation Department (CID) today has revealed to the courts the contacts of the Swiss Embassy employee Gania Banister Francis, who claimed that she was abducted and questioned by an unidentified group in a white vehicle.
 

Jan 21 (CP) Colombo- California-based GTX Corp a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced that it has received an initial test order from the Sri Lanka Ministry of Defense.
 

More : LEGAL - SITUATION
* Indian Navy Ship Airavat arrives at Sri Lanka’s Colombo Port (21 - CP)
* Court issues notice to MP Rajitha Senaratne on Attorney General’s petition against granting bail (21 - CP)
* DIG Rohana calls for 20-year jail term for drunk drivers causing fatal accidents (21 - Island)
* AG refuses to appear for Sirisena, Ranil FR petitions over Easter Sunday suicide blasts (21 - Island)
* Poultry farm watcher remanded over viral video of dog killing (21 - ST)
* Kehliya, Heenkenda discharged from corruption case (21 - DN)
* Hirunika lodges complaint at CID over telephone conversation (21 - DM)

NEWS - HIGHLIGHTS

Jan 21 (CP) Colombo- The Speaker of Sri Lanka parliament Karu Jayasuriya has tabled the forensic audit reports on the Central Bank bond transactions in parliament making them available to the Members of Parliament, the Communication Department of parliament announced.
 

Tables all the recordings in parliament

Jan 21 (CP) Colombo- Parliamentarian and former state minister Ranjan Ramanayake today (21) in parliament apologized to all those, who were aggrieved by the recordings of their phone conversations with him leaked to the media.
 

Jan 21 (CP) Colombo- The Central Bank of Sri Lanka (CBSL) has noted several instances of misreporting in the media with respect to the forensic audits carried out and made the following clarifications.
 


FINANCE - TRAVEL

Jan 22 (CP) Colombo- Signaling a fresh boost to the ties enjoyed between the global organization for the accountancy profession and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the incumbent President of the International Federation of Accountants (IFAC), Dr. In-Ki Joo arrived in Sri Lanka, on a two-day official visit following an invitation extended to him by CA Sri Lanka.
 

Jan 22 (CP) Colombo- EFL 3PL, a member of the leading conglomerate Expolanka PLC, was recently bestowed with the two prestigious international certifications, which reflect the company’s unmatched commitment towards compliance.
 

Jan 22 (Island) Global technology platform Zilingo has acquired Sri Lanka-based startup nCinga Innovations resulting in cash and stock worth approximately LKR 2.8 billion (USD 15.5 million) changing hands. This landmark deal was one of the largest Sri Lankan tech buy-outs in recent times.
 

Jan 22 (DN) Sri Lanka Telecom PLC (SLT) won the Gold award under Telecommunication category at the 55th Annual Report Awards 2019, for the company’s Annual report for the year 2018. The awards ceremony was held at the Shangri-La hotel recently.
 

Jan 21 (CP) Colombo- The Board of Investment of Sri Lanka signed an Agreement with Sands Active (Private) Limited to set up a project for the manufacture of pharmaceutical products for the local market to meet the current National requirement of imports substitution of medicinal drugs.
 

Jan 21 (Reuters) Sri Lankan shares rose on Tuesday, ending a four-session losing streak, with consumer and financial stocks dominating the session’s gains.
 

More : FINANCE - TRAVEL
* World class UltraTech Cement now available at MRP of Rs 950 per bag in Sri Lanka (21 - CP)
* National Chamber launches online platform to promote SL’s exports in global market (21 - Island)
* Tax concessions: Inland Revenue on the watch (21 - ST)
* RPCs told to submit proposals to facilitate wage hike (21 - DM)
* Seylan Bank enables multicurrency transactions for LEADS (21 - CP)

POLITICS - GENERAL

Jan 22 (CP) Colombo- The Parliamentary Sectoral Oversight Committee on Education and Human Resources Development and the Sectoral Oversight Committee on Women and Gender have recommended the Ministry of Education to submit a full report on Grade 7 textbook “Hathe Ape Potha” which is the subject of much discussion.
 

Jan 22 (Economynext) Ranil Wickremesinghe is refusing to step down as Leader of the United National Party but is open to Speaker Karu Jayasuriya leading the charge at the upcoming Parliamentary General Elections, sources close to the former Prime Minister said.
 

Jan 22 (Island) Executive Director of People’s Action for Free and Fair Elections (PAFFREL) Rohana Hettiarachchi, addressing a seminar in Kandy, said that clergy should not be given nominations at elections as they should be above laymen. He said political parties should ensure that members of the clergy did not contest elections.
 

Jan 22 (DM) The Lanka Self-Employed Professionals’ National Three-Wheeler Federation yesterday urged the government to take immediate action to implement a mechanism to regulate Trishaw fares.
 

Jan 22 (DN) The government of President Gotabaya Rajapaksa will not continue with any agreement that is inimical to the country, Foreign Relations and Skills Development, Employment and Labour Relations Minister and Leader of the House Dinesh Gunawardena told Parliament yesterday.
 

Jan 21 (CP) Colombo- Sri Lanka’s nationwide inflation in December 2019 determined under the National Consumer Price Index (NCPI) rose to 6.2 percent from 4.1 percent recorded in November on a year-on-year basis, the Department of Census and Statistics reported Tuesday.
 

Jan 21 (CP) Colombo- The opposition United National Party (UNP) parliamentary group meeting was held at the parliamentary complex presided over by party leader Ranil Wickremesinghe. Opposition Leader Sajith Premadasa and a large number of UNP parliamentarians participated in the meeting
 

Jan 21 (CP) Colombo- Sri Lanka ranks first among 97 countries globally on breastfeeding rate according to a new survey conducted by the World Breastfeeding Trends Initiative (WBTi) achieving first “Green” nation status in supporting breastfeeding women.
 

Jan 21 (CP) Colombo- Parliamentary Selection Committee (PSC) under the chairmanship of Speaker of parliament Karu Jayasuriya will be announced today (21) in order to conduct the nomination process of the Members for Committees including the Committee on Public Enterprise (COPE) Committee and the Public Accounts Committee.
 

More : POLITICS - GENERAL
* Embilipitiya paper mill to be revived (21 - ST)
* Pettah Floating Market, World Market to get face-lift (21 - DN)
* Karu will settle UNP issue this week: Mujibur (21 - DM)

SPORTS

Jan 21 (ESPNCI) West Indies will tour Sri Lanka in February for three ODIs and two T20Is, Sri Lanka Cricket has confirmed. West Indies are expected to arrive in Sri Lanka on February 10, and they will play two warm-up games on February 17 and 20, before the first ODI on February 22.
 

Sri Lanka 295 for 4 (Mathews 92*, Mendis 80, Nyauchi 2-38) trail Zimbabwe 358 (Ervine 85, Embuldeniya 5-114) by 63 runs

Jan 21 (ESPNCI) Angelo Mathews and Kusal Mendis led Sri Lanka’s steady progress on day three, as the visitors finished just 63 runs adrift, with six wickets still in hand.
 

Jan 21 (ICC) After a tough last few months, as both leader of his team and a Test batsman, South Africa captain Faf du Plessis agreed that the fourth and final Test against England at the Wanderers might be his last on home soil.
 

Jan 21 (ESPNCI) It’s amazing how a couple of weeks can change things. A couple of weeks ago, after defeat in Pretoria, it seemed England had forgotten how to bat time, had few spin options and little idea how to strike with the Kookaburra ball.
 


WORLD

Jan 22 (BBC) Police apprehended two suspected Russian intelligence agents in Davos last August, a Swiss newspaper reports. Tages-Anzeiger says the men, who had diplomatic passports, may have been preparing a spying operation targeting the World Economic Forum (WEF).
 

Jan 21 (CNN) A new virus that has infected more than 300 people and killed six has now been detected in the United States. The first case of the Wuhan coronavirus has been reported in Washington state, a federal source confirmed.
 

Jan 21 (BBC) Uber has sold its food delivery service in India to local rival Zomato, the firms have announced. Uber will get a 9.99% stake in the Indian start-up, helping it maintain its presence in the sector.
 

Jan 21 (BBC) A fourth person in China has died from a new virus that has spread rapidly across the country, as authorities confirmed that it can be passed from person-to-person. A 89-year-old man was the latest victim of the new strain of coronavirus, which causes a type of pneumonia.
 


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 Lankas 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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