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[Last Updated = Sun, May 29, 2022, 12:18 pm SL Time]
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President assures government’s full support for Central Bank to function independently

May 28 (CP) Colombo- President Gotabaya Rajapaksa today assured that the government will extend its fullest support for the Central Bank to carry out its functions independently. The President commended the actions taken by Central Bank Governor Dr. Nandalal Weerasinghe to control and alleviate the financial crisis within a short period of time.
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LEGAL - SITUATION

May 29 (CP) Colombo- The Human Rights Commission of Sri Lanka (HRCSL) has decided to summon former Prime Minister Mahinda Rajapaksa to obtain a statement regarding the attacks on the peaceful protests at Gota Go Gama in Galle Face, and the Maina Go Gama in front of Temple Trees in Colombo on 9th May and the subsequent unrest.
 

May 29 (CP) Colombo- Police Special Task Force (STF) officers of Nuwara Eliya Police have arrested a mother of one for cultivating cannabis in a greenhouse. The STF said the suspect was handed over to the Welimada Police along with 1700 cannabis plants.
 

May 28 (CP) Colombo- Sri Lanka Police used tear gas and high pressure water cannons to disperse thousands of protesters marching in the capital Colombo Saturday to mark the 50-day anniversary since the beginning of the ‘People’s Struggle’ against the government.
 

May 28 (CP) Colombo- The body of a girl who went missing in the Atulugama area in Bandaragama yesterday (27) morning was found near a paddy field in the Atulugama area a short while ago, the police said.
 

May 28 (CP) Colombo: With the approval of the Secretary to the Ministry of Public Security and the Public Service Commission, the IGP has transferred several senior officers of the Sri Lanka Police on service requirements, Police Headquarters said.
 

May 27 (CP) Colombo- Police have arrested two persons for allegedly assaulting MP Kumara Welgama and his driver. Police spokesman SSP Nihal Thalduwa said two suspects were arrested in the Kottawa area by the Criminal Investigation Department (CID) in connection with the attack on Welgama and his driver on May 09.
 

May 27 (CP) Colombo- The Minister of Public Security Tiran Alles has emphasized that the officers of the Sri Lanka Police should carry out their duties legally and assured that as the Minister every police officer who does so will be given protection.
 

May 27 (CP) Colombo- Shashi Weerawansa, the wife of Former Minister Wimal Weerawansa, filed an appeal through her lawyers before Colombo Additional Magistrate Harshana Kekanawala Friday against her two-year jail sentence. After considering the request, the Magistrate adjourned the case till the 30th of this month to ascertain the facts.
 

May 27 (CP) Colombo- The Sri Lanka Navy (SLN) has foiled two separate illegal migration attempts arresting 45 individuals in two local multiday fishing trawlers during patrols carried out today (27) in southern and western seas.
 

May 27 (CP) Colombo- Shashi Weerawansa, the wife of Former Minister Wimal Weerawansa was sentenced to two years in prison by Colombo Chief Magistrate Buddhika Sri Ragala today (27). Shashi Weerawansa was found guilty of using falsified documents to obtain a passport.
 

May 26 (CP) Colombo- A Sri Lanka Podujana Peramuna (SLPP) Pradeshiya Sabha member who threatened a woman and the OIC of the Attanagalla Police Station has been remanded. Attanagalla Pradeshiya Sabha MP Chaminda Hettiarachchi was arrested for entering a house in the Urapola area in Attanagalla and assaulting and threatening a woman, damaging property and threatening police officers.
 

May 26 (CP) Colombo- The Attorney General informed the Supreme Court today that if the 21st Amendment to the Constitution presented in parliament is to be passed, it must obtain the approval of the people in a referendum.
 

May 26 (CP) Colombo- Current Commander of Sri Lanka Army General Shavendra Silva will assume office on 1 June 2022 as new Chief of Defense Staff after relinquishing the office of the Commander of the Army on 31 May.
 

May 26 (CP) Colombo- The Criminal Investigation Department (CID) has obtained a statement from former Prime Minister Mahinda Rajapaksa regarding the violence that took place near Temple Trees and in the Galle Face area on the 9th of May and the reasons behind it.
 

More : LEGAL - SITUATION

NEWS - HIGHLIGHTS

May 29 (CP) Colombo- Sri Lanka’s Prime Minister Ranil Wickremesinghe is to appoint a high-powered Economic Stabilization Committee to advise him on stabilizing the economy, according to a report in Sunday Times.
 

May 28 (CP) Colombo- Minister of Power and Energy Kanchana Wijesekera says that an accelerated renewable energy generation plan is expected to be implemented from June 01. The decision to take immediate action to implement the plan has been taken during a discussion held at the Ministry of Power and Energy this morning (28).
 

May 28 (CP) Colombo- Acting High Commissioner of India in Colombo Vinod K. Jacob handed over a consignment of drugs and other medical supplies donated by Government of India to Minister of Health Keheliya Rambukwella in Colombo on 27 May 2022.
 


FINANCE - TRAVEL

May 29 (Bloomberg) –Sri Lanka’s political turmoil is prompting some shipping lines to detour to Indian ports instead of calling at Colombo, one of the key supply-chain hubs in Asia.
 

May 29 (NIE) Sri Lanka’s fuel crisis is proving beneficial for Thiruvananthapuram airport. SriLankan Airlines, owned by the government of the island nation, has chosen the capital as the refuelling and crew change spot for its long-distance services, bringing in revenue to the airport.
 

May 28 (CP) Colombo- Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has had the distinction of being accorded the title, ‘Sri Lanka’s Most Valuable Brand’ for the fourth consecutive year by Brand Finance, the world’s leading independent brand valuation consultancy, at the 19th edition of its annual review.
 

May 27 (CP) Colombo- Fitch Ratings says Sri Lanka’s state-owned National Insurance Trust Fund Board’s (NITF, A+(lka)/Rating Watch Negative) Strike, Riot, Civil Commotion and Terrorism (SRCCT) fund will bear the brunt of losses stemming from recent riots in the country, with primary insurers experiencing little impact.
 

May 27 (CP) Colombo- Amidst a host of global and local challenges, Hela Apparel Holdings PLC recorded a landmark year of growth in FY 2021/22, with revenue increasing by 75% to LKR 56 billion.
 

May 27 (CP) Colombo- Sri Lanka’s largest aluminium extrusion manufacturer Alumex PLC was recently recognized for its strong commitment towards transparency and governance at the Asia Integrated Reporting Awards.
 

May 27 (CP) Colombo- The Commercial Bank of Ceylon has enabled Senkadagala Finance PLC to become the first finance company in Sri Lanka to activate EMV 3DS fraud prevention technology in the authentication of Visa card transactions of the latter’s customers.
 

May 26 (CP) Colombo- To further support the growth of Esports in Sri Lanka, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the official sponsor of the Sri Lanka National Esports team, has joined hands with the Sri Lanka Esports Association (SLESA) to power the inaugural edition of the ‘DIALOG-SLESA All-Island Free Fire Championship’ which is set to take place from 7th of June 2022.
 

May 26 (CP) Colombo- Fitch Ratings has downgraded Singer Finance (Lanka) PLC’s (SFL) National Long-Term Rating to ‘A-(lka)’ from ‘A(lka)’ and placed the rating on Rating Watch Negative (RWN). Fitch Ratings has also placed the National Long-Term Ratings of three other Fitch-rated Sri Lankan finance and leasing companies (
 

May 26 (CP) Washington, DC- An International Monetary Fund (IMF) team, which conducted a virtual mission with the Sri Lankan authorities from May 9-24 on an economic program that could be supported by an IMF lending arrangement has concluded its virtual mission.
 

May 26 (Bloomberg) Colombo- Sri Lanka is looking to fast-track talks with the International Monetary Fund and agree on a loan by mid-June so that it can then approach other lenders for urgently needed funds.
 

May 26 (CP) Colombo- AkzoNobel Paints Lanka (Pvt) Ltd., in partnership with the City School of Architecture (CSA), honored the winners of the Color Awards 2021-2022 at the CSA Graduation & Awards Ceremony held recently at the BMICH. A partnership initiated four years ago by the producer of Dulux paints in Sri Lanka
 

May 26 (Bloomberg) Bankrupt Sri Lanka is seeking more energy imports as it tries to get an International Monetary Fund Program in place by mid-June. The South Asian nation is grappling with rampant inflation and shortages of everything from gasoline to food amid its worst economic crisis in a generation.
 

May 26 (CP) Colombo- The Central Bank of Sri Lanka, considering the prevailing macroeconomic conditions and its impact on the banking sector, has decided to implement new regulatory measures to support the banking sector to facilitate effective financial intermediation and the flow of credit to the economy, whilst ensuring the soundness of the banking sector.
 

May 27 (Reuters) - Sri Lankan shares were unchanged at close on Friday, with gains in consumer staples offset by losses in industrial stocks, as the country battles a debilitating economic crisis.
 

More : FINANCE - TRAVEL

POLITICS - GENERAL

May 29 (CP) Colombo- The Minister of Agriculture Mahinda Amaraweera said the government has not yet brought fertilizer to give to the farmers for the Yala season cultivation and he does not believe that it was possible to provide fertilizer for the Yala season.
 

May 29 (CP) Colombo- The Ministry of Power and Energy states that it will cost an additional US $ 100 million per month to provide uninterrupted power supply from June 01. Minister of Power and Energy Kanchana Wijesekera said the Ceylon Electricity Board has requested 31,000 metric tons of diesel, 63,000 metric tons of fuel oil and 11,000 metric tons of naphtha fuel per month.
 

May 29 (CP) Colombo- State-owned supplier of liquefied petroleum gas (LPG), Litro Gas says the distribution of domestic gas cylinders will begin in the middle of next week. Litro chairman Vijitha Herath said a ship with 3,500 metric tons of LP gas is expected to arrive in Colombo at around 1.00 p.m. Monday
 

May 28 (CP) Colombo- The proposed 21st Amendment to the Constitution would reduce the powers of the President and give them to the Prime Minister and parliament, but neither Ranil Wickremesinghe nor the current parliament is suitable to use such powers says the Leader of the JVP Anura Kumara Dissanayake.
 

May 28 (AFP) Cash-strapped Sri Lanka on Saturday (May 28) took delivery of Russian oil - which could soon be subject to a European embargo - to restart operations at the country’s only refinery, the energy minister said.
 

May 28 (CP) Colombo- The Minister of Power and Energy Kanchana Wijesekera providing an update on the stocks of fuel in the country said at present there are 17,077 metric tons of diesel and 1,072 metric tons of super diesel at the Kolonnawa and Muthurajawela Terminals of the Ceylon Petroleum Storage Terminals Limited (CPSTL).
 

May 28 (CP) Colombo- The High Commissioner of the United Kingdom to Sri Lanka, Sarah Hulton, called on the Minister of Foreign Affairs, Professor G.L. Peiris on 26 May 2022, at the Ministry of Foreign Affairs and congratulated him on his reappointment as the Foreign Minister of Sri Lanka.
 

May 28 (CP) Colombo- The non-partisan peaceful people’s struggle opposite the Presidential Secretariat at Galle Face Green in Colombo marks the 50th consecutive day today (28). The protests demanding the resignation of President Gotabaya Rajapaksa commenced on the 9th of April
 

May 28 (CP) Colombo- President Gotabaya Rajapaksa says the result of the education reform process should be to create a good citizen who is productive for the economy.
 

May 28 (CP) Colombo- Following his meeting in mid-April, Sri Lanka’s High Commissioner to India, Milinda Moragoda has again met with the Finance and Corporate Affairs Minister of India Nirmala Sitharaman Friday (27) to evaluate the status of ongoing economic cooperation and to discuss the way forward.
 

May 27 (CP) Colombo- State-owned supplier of liquefied petroleum gas (LPG), Litro Gas says the distribution of domestic gas cylinders will begin in the middle of next week. Due to this Litro also requested the public not to wait in queues to buy gas cylinders.
 

May 27 (CP) Colombo- Taking into consideration the recent situation faced by the agriculture sector in Sri Lanka, a group of Agriculture Professors from three Universities have prepared a proposal for the future agricultural development and food security in the country.
 

May 27 (CP) Colombo- The Party Leaders’ meeting to discuss the draft 21st Amendment to the Constitution was held under the patronage of Prime Minister Ranil Wickremesinghe at the Prime Minister’s Office this afternoon (27).
 

May 27, Colombo: The U.S. Ambassador to Sri Lanka Julie Chung has called on the Speaker Mahinda Yapa Abeywardena today (27) at the Parliament Premises. The U.S. Ambassador said that she hopes the government, including the new Prime Minister, would be able to bring about political stability and overcome the current economic crisis.
 

May 27 (CP) Colombo- The Parliamentary Council decided to concur with the recommendation to appoint Anthony Nihal Fonseka as a member of the Monetary Board of the Central Bank of Sri Lanka, The Secretary General of Parliament Dhammika Dassanayake said.
 

May 27 (Asiana Times) Recently a meeting was held in Tokyo between Prime Minister of India Narendra Modi and Prime Minister of Japan Fumio Kishida. The Japanese government announced that India and Japan had agreed to collaborate on supporting crisis-hit Sri Lanka.
 

May 27 (CP) Colombo- Prime Minister Ranil Wickremesinghe held discussions with representatives from the agriculture sector to discuss the pending food shortage in the country. During the discussions the Prime Minister stated that US $600m would be required to ensure adequate supply of fertilizer.
 

May 27 (CP) Colombo- The Government of France has donated a stock of medicine worth 300,000 Euros (around Rs 115 Million) following the request of the Sri Lankan government. French Ambassador to Sri Lanka Eric Lavertu handed over the stock of medicines to the Minister of Health and Water Supply Keheliya Rambukwella at the Ministry of Health yesterday (26).
 

May 27 (CP) Colombo- Contrary to media reports, Prime Minister Ranil Wickremesinghe has not made a decision to increase the salaries of the public sector employees, the Prime Minister’s Office said today in response to media reports to that effect.
 

May 27 (CP) Colombo- President Gotabaya Rajapaksa has called on experts in the power sector to assist in increasing the contribution of renewable energy sources in the national grid. The government has set a target of generating 70% of the total electricity demand from renewable energy sources.
 

May 27 (CP) Colombo- Sri Lanka’s Minister of Foreign Affairs Prof. G.L. Peiris has met with Vimlendra Sharan, the UN Food and Agriculture Organization (FAO) Representative and Abdur Rahim Siddiqui, the Country Director of the World Food Programme (WFP) in Sri Lanka Wednesday
 

More : POLITICS - GENERAL
* Salaries of the public servants will be increased by the scheduled relief budget (27 - CP)
* Delivery of crude oil to Sapugaskanda refinery will begin tomorrow after 2 months (26 - CP)
* Prime Minister to make a special statement in parliament on the economy (26 - CP)
* Transport Minister to restructure public transport as a solution to fuel crisis (26 - CP)
* COPA emphasizes expediting the formulation of a National Policy on children (26 - CP)
* Sri Lanka President seeks support from friendly countries (26 - CP)
* Sri Lankan religious leaders want curbs on presidential powers (26 - UCAN)
* Sri Lanka looks forward to work with ILO to bring change to country’s labor force (26 - CP)
* Prime Minister emphasizes on making policy decisions to assist the export industry (26 - CP)
* WHO assures support for Sri Lanka to overcome current health challenges (26 - CP)
* The supply of jet fuel is also in crisis until the 10th of June (26 - CP)
* SJB opposes transfer of parliamentary powers to the executive through the government’s 21st amendment (26 - CP)
* Basil attempting to block 21st Amendment ? (26 - DM)

SPORTS

May 29 (ESPNCI) It did come down to the final delivery, but the result was the same as in the two previous fixtures. Instead of cruising to victory, Pakistan earned it right at the death, sweeping the T20I series 3-0 over Sri Lanka. In a low-scoring match, Sri Lanka found their innings derailed by an astonishing middle-order collapse where they lost seven wickets for 14 runs,
 

May 29 (ESPNCI) The stage is set for what is likely to be the most-attended cricket match in India. In white-ball cricket, perhaps only a World Cup final, or an India-Pakistan game at a World Cup, can come closer in terms of the hype and grandeur. Gujarat Titans will be playing in front of their home crowd for the first time in Ahmedabad.
 

May 27 (ESPNCI) Asitha Fernando’s searing post-lunch spell burst through Bangladesh’s defiant middle order, then swiftly uprooted the tail, to thrust Sri Lanka toward victory, which they achieved by 10 wickets in Mirpur. Envenomed by reverse swing, Asitha engineered a collapse that saw the last five Bangladesh wickets fall for 13 runs in the space of eight overs.
 

May 27 (ESPNCI) "We have to work on our mentality. I think there’s fear of failure among us", Shakib Al Hasan said after Bangladesh slipped to 23 for 4 on the fourth evening, which seemed like a carbon copy of their collapse on the first morning, when they were 24 for 5.
 


WORLD

May 29 (Reuters) - India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages.
 

May 29 (BBC) A US woman has fatally shot a man who opened fire on a crowd of people with a semi-automatic rifle in Charleston, West Virginia. Dennis Butler, a 37-year-old with an extensive criminal history, was killed after he targeted a group of around 40 people attending a birthday party.
 

May 27 (BBC) The husband of one of the teachers slain in Tuesday’s mass shooting in Uvalde, Texas, has reportedly died of a heart attack. Joe Garcia was the husband of Irma Garcia, who taught for 23 years at Robb Elementary School.
 

May 2t (Reuters) - Pakistan’s ousted prime minister Imran Khan disbanded a protest march by supporters on Thursday after clashes with police outside parliament, but threatened that they would return unless an election was called within six days.
 


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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