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[Last Updated = Wed, Dec 7, 2022, 12:23 pm SL Time]
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Global lenders decide on a coordinated assistance program to recover Sri Lanka from the economic crisis

Dec 06 (CP) Colombo- Representatives of the global lenders, World Bank (WB), Asian Development Bank (ADB), International Monetary Fund (IMF) and Asian Infrastructure Investment Bank (AIIB) have decided that a coordinated assistance program supported by the multilateral financial institutions is required for Sri Lanka to recover from the economic crisis the country is currently facing.
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LEGAL - SITUATION

Dec 07 (CP) Colombo- Colombo Additional Magistrate Rajindra Jayasuriya today ordered the person arrested by the Colombo Crimes Division yesterday on suspicion of brokering a kidney racket at a private hospital in Borella until the 13th December.
 

Dec 06 (CP) Colombo- A naval patrol conducted in Sri Lanka’s waters northwest of the island on the night of 05th December 2022 led to the interception of 02 Indian fishing trawlers carrying over 4000 kg of Kendu Leaves. The Navy also arrested 08 Indian nationals involved in the illegal act, along with the large consignment of contraband.
 

Dec 06 (CP) Colombo- An army soldier who was engaged in a military training exercise in the Mankulam-Kokavil area has lost his life after colliding with a tank used for the training, local media reported. The deceased soldier was attached to a camp in the Kokavil area.
 

Dec 06 (CP) Colombo- The Colombo Crime Division (CCD) has arrested a 41-year-old resident of Kajimawatta who is said to be the main broker of human organ trafficking in Rajagiriya private hospital. The Colombo Crimes Division arrested the individual based on complaints lodged by four men and a woman with the Borella Police that the suspect did not pay the money promised after their kidneys were taken.
 

Dec 05 (CP) Colombo- The Attorney General informed the Court of Appeal that former Director of the Criminal Investigation Department, Senior Superintendent of Police Mr. Shani Abeysekara will be given police protection.
 

Dec 05 (CP) Colombo- The Ministry of Health has appointed a seven-member committee to carry out a comprehensive investigation regarding the private hospital where the organs are said to have been transplanted.
 

Dec 05 (CP) Colombo- The Sri Lanka Navy (SLN) has foiled an illegal migration attempt and arrested 20 individuals in a multi-day fishing trawler during a special operation conducted in the seas east of the Foul Point, Trincomalee in the wee hours of 05th December 2022.
 

Dec 05 (CP) Colombo- A private bus traveling from Colombo to Jaffna met with an accident near the 247th kilometer post of the Kandy - Jaffna A 09 road in Kilinochchi Police Division early this morning (05) injuring 19 passengers.
 

Dec 05 (CP) Colombo- Two youths lost their lives in a road accident when their motorcycle collided with a vehicle on the Padukka Colombo road. The accident occurred when their motorcycle collided with a car trying to pass a bus in Tuttiripitiya area of Liyanwala.
 

Dec 04 (CP) Colombo- A 44-year-old Sri Lankan mother of three living in Sandhurst, Australia, was has beenstabbed to death with a sharp weapon in her home at Sandhurst in Melbourne’s south-east, the country’s media reported.
 

Dec 04 (CP) Colombo- The Police Special Task Force (STF) says six people were arrested with sharp weapons in a house House 20, Kittampahuwa in Wellampitiya Police Division. The police believe the armed suspects were staying in the house with the intent to commit a serious crime.
 

More : LEGAL - SITUATION

NEWS - HIGHLIGHTS

Dec 06 (CP) Colombo- Sri Lanka’s trade deficit contracted in October 2022 despite a decline in export earnings while import expenditure also declined, year-on-year, for the eighth consecutive month, the Central Bank reported in its External Sector Performance review for the month on Tuesday.
 

Dec 06 (CP) Colombo- Asian Development Bank (ADB) Vice President Shixin Chen met with Sri Lanka President Ranil Wickremesinghe on 5 December, and discussed future assistance, the ADB said in a statement. ADB Vice President noted the measures that are being taken to contain the crisis and address its underlying causes, and supported the steps taken to seek international assistance.
 

Dec 06 (CP) Colombo- President Ranil Wickremesinghe has said that steps would be taken to introduce a strong new economic system that can face 2050 without implementing economic reforms that offer no solutions to the current economic crisis.
 

Dec 06 (CP) Colombo- The World Bank Monday has approved Sri Lanka’s request to access concessional financing from the International Development Association (IDA). The World Bank said in a statement that this type of financing, which is offered at low interest rates, will enable the country to implement its government-led reform program...
 


FINANCE - TRAVEL

Dec 07 (CP) Colombo- The transfer of Ordinary Voting Shares of Exterminators PLC from the Empower Board of the Colombo Stock Exchange (CSE) to the Diri Savi Board with effect from 2nd December 2022 was approved by the CSE in consultation with the Securities and Exchange Commission of Sri Lanka (SEC). The occasion was marked with a special Bell Ringing Ceremony.
 

Dec 07 (CP) Colombo- The pandemic revealed gaps and fault lines in business planning, supply chain vulnerabilities declining market share, and, it also made businesses increasingly aware of how important ERP (Enterprise Resource Planning) has been to the viability of their businesses.
 

Dec 06 (CP) Colombo- The Embassy of Sri Lanka in collaboration with the Export Development Board (EDB) arranged the first-ever participation of Sri Lankan businesses in the Viet Nam Expo, which was held from 01 to 03 December 2022 at Sai Gon Exhibition & Convention Center (SECC) in Ho Chi Minh City.
 

Dec 06 (CP) Colombo- Hayleys Plantations set yet another benchmark in the local and regional industry when another subsidiary Kelani Valley Plantations PLC (KVPL), was ranked as a Great Place to Work (GPTW) in Asia and Sri Lanka, in addition to being recognised as one of the Best Workplaces for Women.
 

Dec 06 (CP) Colombo- China hopes relevant countries and international financial institutions work with China to play a constructive role to ease Sri Lanka’s debt burden helping the island nation to overcome difficulties, Chinese Foreign Ministry spokesperson Mao Ning said Monday.
 

Dec 05 (CP) Colombo- President Ranil Wickremesinghe has appointed a committee consisting of representatives of the public and private sectors of Sri Lanka to work with the multidisciplinary team of the National Dairy Development Board of India to prepare a short, medium and long-term plan to increase local milk production to reduce the country’s dependence on imported milk powder.
 

Dec 05 (CP) Colombo- As part of their visit to the Hambantota International Port (HIP) on the 29th November, Australian High Commissioner Paul Stephens and his entourage learned about the activities and operations of the port.
 

Dec 04 (CP) Colombo- Sri Lanka’s investment promotion agency, the Board of Investments (BOI) says it has attracted foreign direct investment (FDI) at record levels notwithstanding a spate of global and local volatilities. According to the BOI, total FDI inflows amounted to US$ 713 million in the first nine months of 2020, which is 71% of the 2022 full-year target of US$ 1 bn.
 

Dec 04 (CP) Colombo- According to the data reports released by the Central Bank of Sri Lanka, Sri Lanka has earned US$ 1129.4 million from the tourism industry during the 11 months from January to November this year. The data reports have shown that in the month of November alone, Sri Lanka has earned an income of US$ 107.5 million through the tourism industry.
 

Dec 04 (CP) Colombo- The Central Bank of Sri Lanka has issued a statement saying that the speculation that remittances sent by expatriate Sri Lankans to the country are taxed and forcibly converted into Sri Lankan Rupees is completely unfounded.
 

Dec 04 (CP) Colombo- As a responsible banking entity that seeks to harness the potential of individuals and businesses in Sri Lanka, Seylan Bank, the Bank with a Heart, has identified SME Exports as a sector with much potential to contribute to the national economy.
 

Dec 06 (Reuters) - Sri Lankan shares rose for an eighth straight session on Tuesday, lifted by gains in financial stocks. At the close of trade, the CSE All Share index was 0.43% higher at 8,881.34.
 

More : FINANCE - TRAVEL
* Sri Lankan shares extend gains on industrials, consumer boost (5 - Reuters)

POLITICS - GENERAL

Dec 07 (CP) Colombo- The Minister of Mass Media, Transport and Highways and Chief Cabinet Spokesman, Dr. Bandula Gunawardena said that President Ranil Wickramasinghe instructed the Minister of Education Dr. Susil Premajayantha to appoint a committee to prepare a report and submit to the Parliament within a short period of time regarding the establishment of branches of international universities in Sri Lanka.
 

Dec 07 (CP) Colombo- The Committee on High Posts approved the appointment of Chairmen to four institutions and appointment of an ambassador Monday (Dec. 05). The Committee on High Posts approved the appointment of Mr. Kandeepan Balasubramaniam as the Ambassador of Sri Lanka to the State of Kuwait.
 

Dec 06 (CP) Colombo- Sri Lanka has signed the Second Additional Protocol to the Convention on Cybercrime on Enhanced Cooperation and Disclosure of Electronic Evidence of the Council of Europe, the Embassy of Sri Lanka in Brussels said.
 

Dec 06 (CP) Colombo- The Working Committee of the National Council Sub Committee too into discussion the formulation of national policy on agriculture, animal husbandry and fisheries. This was taken into discussion at the working committee to formulate a national policy
 

Dec 06 (CP) Colombo- Speaker Mahinda Yapa Abeywardana announced Tuesday that a special meeting will be held to appoint Members of Parliament who do not represent the Government or the Opposition to the Constitutional Council.
 

Dec 06 (CP) Colombo- An extraordinary gazette notification has been issued regarding compulsory retirement of government employees who have completed 60 years of age. The extraordinary gazette notification has been issued by the Prime Minister Dinesh Gunawardena
 

Dec 06 (CP) Colombo- Sri Lanka yesterday received the entire amount of Muriate of Potash (MOP) fertilizer, or commonly known as ‘Bandi Pohora’ required for paddy cultivation in this year’s Maha season. The Ministry of Irrigation and Mahaweli Development has taken steps to purchase the entire requirement of Muriate of potash fertilizer
 

Dec 05 (CP) Colombo- State-owned liquefied petroleum gas (LPG) supplier, Litro Gas has increased the prices of domestic gas with effect from Tuesday, December 06. Accordingly, the price of a 12.5 kg cylinder of Litro domestic gas has been increased by Rs. 250
 

Dec 05 (CP) Colombo- State-owned fuel distributor, Ceylon Petroleum Corporation (CPC) states that the price of a liter of Lanka white diesel has been reduced by 10 rupees from midnight today (05). Accordingly, the new price of a liter of Lanka white diesel is 420 rupees.
 

Dec 05 (CP) Colombo- The Embassy of Sri Lanka in the Philippines facilitated the donation of 5,000 units of peritoneal dialysis solutions to Sri Lanka from the Chairman of the Philippines-Sri Lanka Business Council Michael Chen.
 

Dec 05 (CP) Colombo- Sri Lanka President Ranil Wickramasinghe said that his aim is to strengthen the country’s economy and prepare the background to move forward with the developed countries of the world.
 

Dec 05 (CP) Colombo- Sri Lanka’s Speaker of Parliament Mahinda Yapa Abeywardana today strongly warned the editor of a popular mainstream newspaper to be more responsible to investigate into the truth and report accurate facts when reporting news.
 

Dec 05 (CP) Colombo- Vice President of Asian Development Bank (ADB) Shixin Chen said international monetary agencies are highly impressed with the strength of the Sri Lankan leadership and its commitment to achieve speedy economic revival through reforms in monetary sectors.
 

Dec 05 (CP) Colombo- Parliamentary Caucus for Children recently held a special discussion with the Provincial Commissioners of Probation and Child Care Services to find out the issues in the field of probation and child care in the country.
 

Dec 05 (CP) Colombo- The United States officially handed over 9,300 metric tons of urea fertilizer to the Ministry of Agriculture to distribute to more than 193,000 smallholder paddy farmers in Jaffna, Mullaitivu, Mannar, Vavuniya, Anuradhapura, Trincomalee, Batticaloa, and Monaragala districts.
 

Dec 05 (CP) Colombo- A scholarship program utilizing funds from the President’s Fund has been initiated under the directives of President Ranil Wickremesinghe for students who have passed the G.C. E. (O/L) examination and are sitting for the GCE (A/L) examination in 2024.
 

More : POLITICS - GENERAL
* Vote on the third reading of the Budget on the 8th (5 - CP)
* Agriculture Minister instructs officials to take immediate steps to control the spread of fall armyworm caterpillars (5 - CP)
* Education Minister emphasizes the need to update public’s technical knowledge (4 - CP)
* President approves all the proposals presented by Agriculture Minister to facilitate the farmers (4 - CP)
* Import tax on Big Onions and canned fish revised (4 - CP)
* Moderate magnitude 4.9 earthquake in Bay of Bengal off Sri Lanka (4 - CP)
* Support of the lawyers is vital to preserve unity and integrity of the State - President (4 - CP)
* Special celebration held to mark President Ranil Wickremesinghe’s 50-year long career as a lawyer (4 - CP)
* Saudi Ambassador suggests establishing a vocational training center to train Sri Lankan migrant workers (4 - CP)
* ‘There will be China Go Home campaign soon, and I will lead it,’ warns Lanka MP (4 - HT)

SPORTS

Dec 07 (BBC) The Rawalpindi Test defied precedent, expectation, and the accepted bounds of cricketing science. On a featureless travesty of a cricket pitch that categorically refused to deteriorate - and was estimated by experts to have a half-life not far short of weapons-grade plutonium -
 

Dec 07 (SLC) Jaffna Kings led by Thisara Perera won today’s inaugural game of the Sri Lanka Cricket (SLC) organised historic Lanka Premier League (LPL) 2022 defeating Galle Gladiators by 24 runs at the picturesque Mahinda Rajapaksa International Cricket Stadium at Sooriyawewa, Hambantota.
 

Dec 07 (SLC) West Indian Andre Fletcher thundered his way to a rollicking unbeaten 102 off 67 balls in becoming the first batsman to reach three figures in the Sri Lanka Cricket (SLC) organised Lanka Premier League starring as Kandy Falcons crushed Colombo Stars by 109 runs
 

Dec 07 (ESPNCI) Beating India in successive ODI series at home will be a high mark for Bangladesh, who will take an unassailable lead if they win the second ODI on Wednesday. Their one-wicket win in the first ODI made for compelling viewing, and the 51-run tenth-wicket stand between Mehidy Hasan Miraz and Mustafizur Rahman reinforced just how dangerous Bangladesh are at home.
 


WORLD

Dec 07 (HT) Pakistan police on Tuesday registered an FIR against the killing of senior journalist Arshad Sharif in Kenya, hours after the Supreme Court directed the government to do so. Sharif, 49, a former reporter and TV anchor with ARY TV, was shot dead at a police checkpoint at an hour’s distance from Nairobi on October 23,
 

Dec 07 (HT) The U.S. State Department has approved the potential sale of $428 million in aircraft parts for Taiwan to help its air force, which is strained from repeatedly intercepting Chinese jets operating close to the island. Taiwan air force is well-equipped but ageing, and is dwarfed by that of China’s.
 

Dec 07 (Reuters) - Mongolian protesters clashed with police as they tried to storm parliament after thousands gathered in freezing temperatures to demonstrate against soaring inflation and government corruption. The protests began in the capital Ulaanbaatar on Sunday, triggered by allegations that surfaced two months ago of government officials profiting from illegal sales of coal to China
 

Dec 07 (BBC) Indonesia’s parliament has approved a new criminal code that bans anyone in the country from having extramarital sex and restricts political freedoms. Sex outside marriage will carry a jail term of up to a year under the new laws, which take effect in three years.
 


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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