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[Last Updated = Sun, Apr 23, 2017, 12:20 pm SL Time]
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World Bank, IMF assures support for Sri Lanka's fiscal policy reforms, development

Apr 22 (CP) Colombo- The World Bank and the International Monitory Fund have commended the progress of Sri Lanka's economic development process and assured support for the island nations fiscal policy reforms and economic growth. The global lenders emphasized their commitment to strengthen Sri Lanka's economy during discussions held with the Finance Minister Ravi Karunanayake at the 2017 WB-IMF Spring Meeting in Washington.
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LEGAL - SITUATION

Apr 23 (CP) Colombo- Sri Lanka Navy personnel acting on a tip-off has arrested an individual for possession of two kilograms of cannabis (Kerala Ganja). Naval personnel of Western Naval Area with the assistance of Wattala Police, during a search operation, nabbed the suspect for possession of Kerala cannabis in Wattala general area yesterday.
 

Apr 23 (CT) The Bar Association of Sri Lanka (BASL) has decided to take legal action against the Gazette (Extraordinary) issued on orders of President Maithripala Sirisena declaring the collection and disposal of garbage as an essential service.
 

Apr 23 (Island) Vice President of the Association of Professional Sri Lankans in the UK, Dr. Chesmal Siriwardhana was killed by a double-decker bus in Oxford Street in Central London around 2 am on Sunday, April 9. His body, lying in a morgue in London, will be flown to Sri Lanka to perform last rites after the postmortem, The Sunday Island learns.
 

Apr 23 (ST) The Contingent Commander of Sri Lanka Army’s peace keeping force in Haiti was sacked for bringing disrepute to the organisation whilst a Major and four soldiers were discharged for having “consensual sexual relationships” with females. The incident, a senior Army official who spoke on grounds of anonymity said, took place in 2008 and involved the sixth Sri Lankan Peace Keeping Battalion stationed in Haiti.
 

Apr 23 (SO) The committee appointed to look into the revision of traffic fines, headed by Secretary to the Ministry of Transport, Nihal Somaweera will meet the Secretary to the President, P.B. Abeykoon this week to discuss the progress of the report submitted to the President.
 

Apr 22 (CP) Colombo- The National Building Research Organization (NBRO) says there is not enough percentage of methane gas present in the Meethotamulla garbage dump that would trigger a fire or an explosion. The NBRO has disclosed this fact after a thorough investigation.
 

Apr 22 (CP) Colombo- A Sri Lankan court yesterday issued notices to ten people including a deputy minister and a MP barring them from interfering with garbage disposal at the Dompe- Maligawattha Waste Management Center.
 

Apr 22 (ECONOMYNEXT) The chief suspect in Lasantha Wickrematunga's assassination was given a diplomatic post by the then defence secretary Gotabhaya Rajapaksa but it was withdrawn soon after Mahinda Rajapaksa won the January 2010 election, fresh evidence has revealed.
 

More : LEGAL - SITUATION
* 19 sailors barred from leaving Sri Lanka (22 - CT)
* Two men remanded on charge of insulting Buddha’s image (22 - Island)
* Court prevents garbage dump at Mulleriyawa location (22 - DN)
* Asylum seeker from Sri Lanka let himself be tortured with hot iron bars to support his bid to stay in Britain (22 - DM)

NEWS - HIGHLIGHTS

Apr 23 (CP) Colombo- The Regional Meeting of Young Parliamentarians of the Asia-Pacific will take place on 25 and 26 April 2017 at the Hilton Hotel in Colombo, Sri Lanka. The Meeting is jointly organized by the Inter-Parliamentary Union (IPU), the Parliament of Sri Lanka and the United Nations Development Programme (UNDP).
 

Apr 22 (CP) Colombo- British High Commissioner to Sri Lanka James Dauris says the UK is helping Sri Lanka to fight against corruption because making progress in the fight against corruption is good for Sri Lanka, for Sri Lankans and for Sri Lankan businesses.
 

Apr 22 (CP) Washington, DC- Sri Lanka's Minister of Finance Ravi Karunanayake highlighted the prospects for increasing bilateral trade with the United States and U.S. investments in Sri Lanka yesterday at the U.S. Chamber of Commerce in Washington, DC.
 


FINANCE - TRAVEL

Apr 23 (CP) Colombo- Ceylon Petroleum Corporation (CPC) Trade Union Collective says it will launch an indefinite strike from midnight tomorrow against the government's proposed agreement to be signed with India regarding the oil tanks in the Eastern port city of Trincomalee.
 

Apr 23 (Island) Indra Silva, the leading motor vehicle importer (Indra Traders) and stock market billionaire, last week sold a 3.5 percent stake of Commercial Bank of Ceylon, the country’s biggest private sector bank, for Rs. 4.3 billion with several institutional foreign investors on the buying side.
 

Apr 23 (ST) A forum has been organised by the International Chamber of Commerce Sri Lanka (ICCSL) and the Global Alliance for Trade Facilitation in Colombo on April 26. where participants will discuss how to make cross-border trade more efficient for Sri Lankan business.
 

Apr 23 (SO) The People’s Bank has proactively joined the Swashakthi loan scheme launched by the Ministry of National Policies and Economic Affairs and the Central Bank, disbursing loans via its extensive network of over 730 branches island-wide.
 

Apr 22 (CP) Washington, DC- Following the landmark deal by Hilton Hotels to manage six more hotels in Sri Lanka, senior management of the Hilton met visiting Finance Minister Ravi Karunanayake in Washington D.C. on the sidelines of the ongoing World Bank and IMF meetings.
 

Apr 22 (CP) Colombo- SriLankan Airlines further enhanced its customer service capabilities with more specialized training for its airport service staff at Bandaranaike International Airport (BIA) to serve passengers of all airlines even better.
 

More : FINANCE - TRAVEL
* GFH at luxury congress for destination wedding planners (22 - Island)
* SLIM elects new President at 47th Annual General Meeting (22 - DM)

POLITICS - GENERAL

Apr 23 (CP) Chennai- A leader of a Hindu outfit in Chennai has opposed the Indian Prime Minister Narendra Modi's visit to Sri Lanka next month to participate in the United Nations Vesak Celebrations which will be held in the country for the first time.
 

Apr 23 (Island) Germany believes its time for urgent action to implement the changes promised by the Sirisena-Wickremesinghe government in 2015. The government needed more focus and should invest in political will to move forward with its announced reform agenda, the German Ambassador to Sri Lankan Jorn Rohde told the "Sunday Island" yesterday.
 

Apr 23 (ST) The Govt. Medical Officers’ Association (GMOA) is expecting an official announcement from the President’s office with regard to the solution given to the SAITM issue. “Currently, we do not agree with the decision made because, we are not certain the decision was made by the President, until they officially convey it, as Minister Rajitha Senaratne or Minister Lakshman Kirella would have intervened,” said GMOA Spokesman Dr Nalinda Herath.
 

Apr 23 (SO) The unexpected rainfall last month and this month has somewhat mitigated the risk of the country facing an acute shortfall in power generation, and a series of emergency power purchases at prices ranging above 28 cents a unit has averted a possible crisis.
 

Apr 22 (CP) Colombo- As the mosquito-borne dengue epidemic is spreading in the 12 different districts of the island, Sri Lanka's Ministry of Health plans to implement a special program to eradicate the menace.
 

Apr 22 (CP) Colombo- An European Parliamentary group has tabled a resolution in the European Parliament against granting the Generalized System of Preferences plus (GSP+) tariff concession to Sri Lanka saying that Sri Lanka's government's reform efforts are not adequate to grant the tariff concession.
 

Apr 22, Colombo: Sri Lanka's Marxist party, Janatha Vimukthi Peramuna (JVP) has condemned the gazette notification issued by President Maithripala Sirisena making solid waste disposal an essential service.
 

Apr 22 (FE) Sri Lanka is looking forward to strengthening economic cooperation with India, Prime Minister Ranil Wickremesinghe has said, noting that development of the strategic eastern port town of Trincomalee will be discussed during his visit to the country next week.
 

Apr 22 (Forbes) As regional powers like China, Russia, Japan, and India vie for political and economic position throughout the eastern realms of Eurasia, many of the less powerful countries caught in the middle are employing what could be called a 'multi-vector strategy'....
 

More : POLITICS - GENERAL
* When a trash mountain spelt tragedy (22 - Hindu)
* Political reforms can be done through amendments - Prelate (22 - Island)
* CBK, MR invited for SLFP May Day rally in Kandy (22 - DM)
* ‘Colombo needs at least three landfills to overcome garbage problem’ (22 - DN)

SPORTS

Apr 23 (ESPNCI) BCB has formed a three-member committee to investigate the second division Dhaka League match between Lalmatia Club and Axiom Cricketers at the City Club ground, where a bowler conceded 92 runs off just four legal deliveries on April 11. Sujon Mahmud, playing for Lalmatia, gave away 65 wides and 15 no-balls in an over as a form of protest against biased umpiring.
 

Apr 22 (Cricket.com) The Under 19s have already secured the Youth ODI series ahead of Sunday's final match but want a big finish in Hobart Australia's Under 19s have already sealed their one-day series against Sri Lanka, but there will be no let-up in intensity says fast bowler Iain Carlisle.
 

Apr 22 (ICC) The International Cricket Council (ICC) today announces the men’s squads for the 2017 ICC WCL Division 1 – Asia to be held in Thailand, from April 22 to May 1, 2017. The teams competing in the tournament are hosts Thailand, Bhutan, Bahrain, China, Kuwait, Qatar and Saudi Arabia.
 

Apr 22 (ESPNCI) Last season: Both teams won their respective home games - Daredevils by ten runs at the Feroz Shah Kotla and Mumbai by a thumping 80-run margin in Visakhapatnam, their second home. Overall: It's a stalemate with both teams having met 18 times and won nine each.
 


WORLD

Apr 23 (NIE) WASHINGTON- Egyptian-born Al-Qaeda leader Ayman al-Zawahiri, one of the world's most wanted terrorists, is most likely hiding in Karachi under the protection of Pakistan's notorious spy agency ISI, a US media report said. "Pakistan's Inter-Services Intelligence agency (ISI) has been protecting al-Zawahiri, a trained surgeon,
 

Apr 23 (BBC) Thousands of scientists have taken part in demonstrations around the world in protest against what they see as a global political assault on facts. The first-ever March for Science, which was timed to coincide with Earth Day, was aimed at promoting action to protect the environment. Organisers said it was a celebration of science and a call to support and safeguard the scientific community.
 

Apr 22 (BBC) A member of Russian Parliament is outraged after his son was handed down a sentence of 27 years in prison for computer hacking crimes in the US. Roman Valeryevich Seleznev, 32, was convicted in August for stealing credit card data from US restaurants, causing nearly $170m (£132m) in damages. Russian MP Valery Seleznev said the sentence was "passed by man-eaters" and that his son was "abducted".
 

Apr 22 (BBC) The Afghan army has ended a Taliban attack on one of its bases that killed at least 70 soldiers, according to military officials. Fighting lasted several hours in the northern Balkh province. An army spokesman said the insurgents targeted those leaving Friday prayers at the base's mosque, as well as others in a canteen.
 


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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