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[Last Updated = Thu, Jul 7, 2022, 11:31 am SL Time]
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Sri Lankan President calls Russian counterpart seeking an offer of credit to import fuel

July 06 (CP) Colombo- Sri Lankan President Gotabaya Rajapaksa has called President of Russia, Vladimir Putin requesting an offer of credit support to import fuel to overcome the current economic challenges. President Rajapaksa said in a tweet that he had a very productive telephone conversation with the President Putin today (July 06)
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LEGAL - SITUATION

July 07 (CP) Colombo- The Police Special Task Force (STF) Wednesday (6) arrested a person in Kalmunai area who was keeping a stock of fuel worth more than 800,000 rupees without a license. The raid was carried out according to information received from the Samanthurai Special Task Force camp about the suspect.
 

July 07 (CP) Colombo- Colombo Fort Police has obtained a court order against a protest to be staged by a group of religious leaders of all faiths including Buddhist monks at Olcott Mawatha today (07). The Police Headquarters states that the order has been issued after considering the facts submitted to the Colombo Magistrate’s Court
 

July 06 (CP) Colombo- Former MP Hirunika Premachandra and 11 others, who were arrested by police while protesting in front of the President’s House in Colombo Fort, have been released on police bail.
 

July 06 (CP) Colombo- During a special operation conducted in Norochcholai, Puttalam this morning Navy has arrested a suspect while transporting about 212 kg of Kerala cannabis in a van.
 

July 06 (CP) Colombo- During separate search operations carried out in the Eastern and Western seas on Tuesday (05) Sri Lanka Navy apprehended 53 Sri Lankans in a local multi-day fishing trawler attempting to illegally migrate to a foreign country via sea. The operations also led to the apprehension of 02 human smugglers, the Navy Media Unit said.
 

July 06 (CP) Colombo- Police have arrested 13 people in connection with an attack on a petrol station in Wellawaya city last night. When the filling station notified the people that it had run out of fuel after distribution, some of the people who came to get fuel had behaved in an unruly manner attacking the filling station with rocks and bottles.
 

July 05 (CP) Colombo- Sri Lanka Navy has arrested another five Indian fishermen from Tamil Nadu and seized a trawler Monday evening (July 04) for allegedly breaching the International Maritime Boundary Line (IMBL) and illegally fishing in Sri Lanka’s northern waters off the Analaitivu Island.
 

July 05 (CP) Colombo- The Commercial High Court of Colombo announced today that the order regarding the Attorney General’s request to reject the case related to the Russian Aeroflot aircraft will be announced on the 15th.
 

July 05 (CP) Colombo- Pulastipura Police has arrested the husband of Ms. Yamuna Padmini who was the chief administrative officer of the Lankapura Divisional Secretariat on suspicion of her murder this evening (05). Ms. Padmini was murdered at around 2:30 in the morning on the 4th at her home in Talpotha Lankapura
 

July 05 (CP) Colombo- Army Commander Lieutenant General Vikum Liyanage has ordered to relieve the Army Lieutenant Colonel who was accused of assaulting a civilian at a fuel station in Yaggapitiya, Kurunegala area.
 

July 04 (CP) Colombo- Sri Lanka Navy has arrested 12 Indian fishermen from Tamil Nadu and seized a trawler for allegedly breaching the International Maritime Boundary Line (IMBL) and illegally fishing in Sri Lanka’s northern waters.
 

July 04 (CP) Colombo- The Bar Association of Sri Lanka (BASL) Monday has sent a letter to the President Gotabaya Rajapaksa warning of the serious consequences that could arise as a result of clashes between civilians and the armed forces or the police at petrol stations.
 

July 04 (CP) Colombo- The Supreme Court today ordered the Attorney General to provide a report regarding fuel purchase, release and priority given in distribution of fuel. The report should be submitted before the 12th.
 

July 04 (CP) Colombo- Sri Lanka Army has appointed a five-member Court of Inquiry to investigate the aggressive conduct of an Army officer towards a civilian at a fuel station.
 

July 04 (CP) Colombo- Sri Lanka’s Ministry of Defense said today that it is investigating unconfirmed intelligence information of a purported terrorist attack while taking all measures to ensure a high degree of security.
 

July 04 (CP) Colombo- Sri Lanka Police said an underworld member, who is said to be the shooter in the recent double murders in Bastion Mawatha, Colombo was shot dead in Gampaha Bemmulla area during a shootout with the police.
 

July 04 (CP) Colombo- island wide, 103,095 liters of fuel hidden by various individuals have so far been found, the Police said. Among the hoarded stocks are 27,152 liters of petrol, 62,723 liters of diesel and 13,220 liters of kerosene.
 

July 03 (CP) Colombo- During a search operation carried out in the Eastern seas on Sunday (03) Sri Lanka Navy apprehended 51 Sri Lankans in a local multi-day fishing trawler attempting to illegally migrate to a foreign country via sea.
 

July 03 (CP) Colombo- Veteran actor Mr. Jackson Anthony, who was admitted to the Anuradhapura Teaching Hospital following an accident yesterday (July 02), has been transferred to the intensive care unit of the Colombo National Hospital.
 

July 06 (NIE) A day after the Sri Lankan government declared a ‘holiday week’ for the schools in the island nation owing to an unending fuel crisis, eight Lankan Tamils, including three children, arrived at Dhanushkodi seeking refuge in the morning hours of Tuesday. The number of refugees reaching TN shores in the last three months has gone up to 103.
 

More : LEGAL - SITUATION
* Chief Administrative Officer of the Lankapura Divisional Secretariat murdered (4 - CP)

NEWS - HIGHLIGHTS

July 07 (CP) Colombo- Sri Lanka’s Central Bank today said it has decided to increase both the deposit rate and the lending rate by 100 basis points each to rein in inflationary pressures after carefully considering the current and expected macroeconomic developments both globally and domestically.
 

July 06 (CP) Colombo- The World Food Programme (WFP) in its latest situation reports says 6.26 million people in Sri Lanka are food insecure and it targets 3 million people to receive emergency food, nutrition, and school meals until December.
 

July 06 (CP) Colombo- Prime Minister Ranil Wickremesinghe in parliament today emphasized the need to re-introduce the sectoral committee system as part of political reforms that must be carried out in parallel with the economic program.
 

July 06 (CP) Colombo- President Gotabaya Rajapaksa has ordered an immediate formal investigation into the allegations leveled by the Opposition Leader in Parliament yesterday (05) regarding a transaction made by the Ministry of Aviation with a private company.
 


FINANCE - TRAVEL

July 07 (CP) Colombo- The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has once again stepped up to provide its expertise to medium-level businesses in the country, by helping them transform and enter the global marketplace.
 

July 06 (CP) Colombo- The Central Bank of Sri Lanka has extended the suspension of Perpetual Treasuries Limited (PTL) from carrying on business activities as a primary dealer for another six months, the Bank said in a statement.
 

July 05 (CP) Colombo- The globally-respected UK magazine ‘The Banker’ has once again included the Commercial Bank of Ceylon in its prestigious ‘Top 1000 World Banks’ ranking, making Commercial Bank the only Sri Lankan bank to be ranked among the elite global giants in banking for 12 consecutive years.
 

July 05 (CP) Colombo- A serene mist envelope an ocean of luscious greenery and hills, deep in the depths of a stillness that is synonymous with the Sri Lanka’s highlands. About 180 kilometers away from the hustle of the capital city Colombo, so lies Riverston, part of the Knuckles Mountain Range—
 

July 05 (Bloomberg) -- Sri Lanka, which has run out of dollars to purchase fuel and is printing rupees to pay local salaries, aims to stop injecting local currency to quash Asia’s fastest inflation.
 

July 05 (CP) Colombo- An A.-330-300 Airbus cargo plane belonging to Turkish Airlines suffered damages at the Katunayake Bandaranaike International Airport last Sunday night (3) while preparing to leave, airport sources said.
 

July 05 (CP) Colombo- Sampath Bank PLC has been rated as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 9th consecutive year at the renowned World Finance Banking Awards ceremony hosted by the UK-based World Finance magazine.
 

July 05 (CP) Colombo- The Commercial Bank of Ceylon has announced that ‘ComBank ePassbook’ – Sri Lanka’s first digital passbook – is now operable in Sinhala and Tamil in addition to English, to further encourage digital banking habits and improve the customer experience.
 

July 04 (BBC) Sri Lanka’s energy minister has issued a stark warning over the country’s fuel stocks as it faces its worst economic crisis in more than 70 years. On Sunday, Kanchana Wijesekera said the nation only had enough petrol left for less than a day under regular demand.
 

July 04 (CP) Colombo- The Securities and Exchange Commission of Sri Lanka (SEC), the securities market regulator has prepared Rules pertaining to Market Institutions, Market Intermediaries and a Code for Collective Investment Schemes following the enactment of the new Securities and Exchange Commission Act No. 19 of 2021.
 

July 0 (CP) Colombo- A 100% Sri Lankan clothing brand competing with several global companies on e-commerce platforms appeals to the Sri Lankan expatriate community to help grow the company’s international sales volume and bring in much needed foreign currency to Sri Lanka at this crucial hour for the country.
 

July 03 (CP) Colombo- Sri Lanka Tourism Development Authority (SLTDA) says the number of tourists coming to Sri Lanka has decreased by 60 percent in last month. Director General of SLTDA Dhammika Wijesinghe said this situation has arisen in view of the crisis atmosphere in the country.
 

July 03 (CP) Colombo- Addressing the Maritime Silk Road International Tea Culture Forum 2022, Sri Lanka’s Ambassador to China, Dr. Palitha Kohona observed that the Sri Lanka tea, the world renowned Ceylon Cha, probably originated in Fujian, China, which already boasted a tea culture exceeding 2500 years.
 

July 06 (Reuters) - Sri Lankan shares ended over 1% lower for a third straight session on Wednesday, ahead of a widely expected rate hike at the central bank’s policy meeting.
 

July 06 (DH) The ongoing financial crisis in Sri Lanka has provided one more business opportunity to Kerala with many airlines operating from Sri Lanka now dependent on Kerala airports—mostly the Thiruvananthapuram international airport—for refuelling.
 

July 06 (Bloomberg) -- India is seeking payment in advance for supply of fuel to Sri Lanka after credit lines were exhausted, according to people with knowledge of the matter.
 

July 05 (AP/PTI) Bankrupt Sri Lanka is offering a guaranteed fuel quota to any company that can pay in dollars. Potential purchasers must pay as much as a month in advance to open a consumer account at state-run Ceylon Petroleum Corp., Energy Minister Kanchana Wijesekera tweeted on Sunday.
 

More : FINANCE - TRAVEL
* Sri Lankan shares end lower as industrials drag (5 - Reuters)
* Sri Lankan shares end lower as industrial stocks fall (4 - Reuters)

POLITICS - GENERAL

July 07 (CP) Colombo- Minister of Labor and Foreign Employment Manusha Nanayakkara said that the necessary measures will be taken to provide employment opportunities to the Sri Lankan migrant workers in the fields of information technology, nursing, hospice, hotels, industries and agro industry sectors in Japan.
 

July 07 (CP) Colombo- Minister of Foreign Affairs, Prof. G.L. Peiris met with the United Nations Resident Coordinator Hanna Singer-Hamdy at the Ministry of Foreign Affairs last week and briefed the Un envoy on the current situation in the country, particularly with regard to fuel, food and pharmaceutical shortage, the Foreign Affairs Ministry said.
 

July 06 (CP) Colombo- To promote the tourism industry amid the fuel crisis, the Ministry of Tourism has implemented a new program with the support of the Sri Lanka Transport Board and the Sri Lanka Army.
 

July 06 (CP) Colombo- Leader of Opposition Sajith Premadasa said today (06) that neither he nor the Samagi Jana Balawegaya (SJB) or the Samagi Jana Sandhanaya have any "no” or “can’t” talk and will fulfill their responsibilities for the people at any time.
 

July 06 (CP) Colombo- Prime Minister Ranil Wickramasinghe today assured that the domestic LP gas shortage will be eased by the end of this month or early next month. Speaking in parliament today, the Premier said since 33,000 metric tons of gas is to be received from July 11 to the first week of August, the current shortage of gas will disappear by the end of July or the first week of August.
 

July 06 (CP) Colombo- Many opposition political parties met yesterday at the Parliament Complex to discuss the preparation of a program related to the formation of an all-party government.
 

July 06 (CP) Colombo- General Secretary of the Railway Station Masters Union Kasun Chamara Jayasekara said the 24-hour strike that was scheduled to be implemented from midnight Tuesday (05) has been suspended.
 

July 06 (BBC) The UK government has reinstated advice against all but essential travel to Sri Lanka as a severe economic crisis has sparked civil unrest. A shortage of basic necessities including medicines, cooking gas, fuel and food has sparked protests and violence in the Asian country.
 

July 06 (UCAN) Four leading Buddhist monks in Sri Lanka have called on the government to stop playing political tricks and appoint an all-party government to help the country get international aid and ease the worst economic crisis in its history.
 

July 05 (CP) Colombo- Labor and Foreign Employment Minister Manusha Nanayakkara says when registering with the Sri Lanka Foreign Employment Bureau to go abroad for work for a second time, the amount of dollars sent to the country through legal channels while working abroad previously will be checked.
 

July 05 (CP) Colombo- Litro Gas company says that the ship carrying 3,724 metric tonnes of liquefied petroleum gas which was expected to reach the country between the 6th and 8th of this month would be further delayed. The ship would be delayed due to changes in the weather conditions, the company said
 

July 05 (CP) Colombo- Minister of Foreign Affairs Prof. G.L. Peiris and Minister of Labor & Foreign Employment Manusha Nanayakkara have discussed possible avenues for promotion of foreign employment which is vital in the current context of the country, and mechanisms that could be introduced to address the bottlenecks in promoting foreign employment.
 

July 05 (CP) Colombo- The Archbishop of Colombo Cardinal Malcolm Ranjith says the biggest obstacle to freeing the country from the current unfortunate situation is the continuation of the Rajapaksa family in power.
 

July 05 (CP) Colombo- The Minister of Education Susil Premajayantha said in parliament today that it has been decided to hold the GCE Advanced Level examination this year from November 28th to December 23rd.
 

July 05 (CP) Colombo- The Chairman of the parliamentary Committee on Public Enterprises (COPE) and Member of Parliament Prof. Charitha Herath said the Parliament will focus on taking special measures against officials who do not implement the recommendations and decisions made by COPE.
 

July 05 (CP) Colombo- The Cabinet of Ministers has approved a proposal tabled by the Prime Minister Ranil Wickramasinghe in his capacity as the Minister of Finance to present a new budget for the year 2022. The new budget is to be presented for this year taking into account the devaluation of the rupee and the rise in inflation, as well as the shortage of essential goods such as fuel, gas and electricity.
 

July 05 (CP) Colombo- Prime Minister Ranil Wickramasinghe said in Parliament that if MP Anura Kumara Dissanayake is able to build the country, he is ready to step down and give the JVP leader the post of Prime Minister.
 

July 05 (CP) Colombo- Sri Lanka’s Prime Minister Ranil Wickremesinghe said in Parliament today that they were able to successfully proceed with the round of discussions held with the International Monetary Fund (IMF) last month.
 

July 05 (CP) Colombo- Sri Lanka’s Opposition today staged a protest in parliament when President Gotabaya Rajapaksa arrived in the Parliament to attend the parliament sessions. President Rajapaksa arrived in parliament to listen to the Prime Minister Ranil Wickremesinghe’s speech on the progress of negotiations with the International Monetary Fund (IMF).
 

July 05 (CP) Colombo- The Minister of Ports, Shipping and Aviation Nimal Siripala de Silva yesterday instructed the port authorities to hand over the building complex of the Sri Lanka Ports Authority (SLPA) at the port, which provided residential quarantine facilities and medical treatment for those infected with Covid-19 during the pandemic, back to the Mahapola Ports & Maritime Academy, the training wing of the Sri Lanka Ports Authority.
 

July 05 (BBC), Colombo- The smell hits you first - freshly cooked rice, lentils and spinach, served in ladles from steaming pots. Dozens of families - including mothers with babies - are lined up with plates to get a serving of what will likely be their only meal for the day.
 

July 04 (CP) Colombo- Complaints have been received from various areas to the Minister of Transport, Highways and Mass Media Dr. Bandula Gunawardena that private bus drivers are engaged in fuel racketeering instead of transporting passengers.
 

July 04 (CP) Colombo- A number of Parliamentary committees including the Committee on Public Enterprises (COPE) and the Committee on Public Accounts (COPA) are scheduled to meet this week.
 

July 04 (CP) Colombo- Australian High Commissioner to Sri Lanka David Holly assures that Australia will provide support for the development of Sri Lanka’s economic, social and maritime sectors.
 

July 06 (UN) As prices keep healthy meals out of reach, some 61 per cent of households are regularly using food-based coping strategies, such as reducing the amount they eat and consuming increasingly less nutritious food.
 

July 05 (Al Jazeera) Ranil Wickremesinghe, the newly appointed prime minister of crisis-hit Sri Lanka, has said he is confident he can turn the economy around – but cautioned it will take 18 months before stability returns.
 

More : POLITICS - GENERAL
* 2021 GCE/AL results to be released on August 15, 2022 A/L could be postponed by a month (4 - CP)
* Parliament to convene three days this week (4 - CP)
* Extraordinary gazette notification issued declaring several sectors as essential services (4 - CP)
* Sri Lanka FM discusses restructuring country’s debt with Chinese Ambassador (3 - CP)
* Agriculture Minister instructs to buy seed paddy from farmers at Rs. 150 per kilo (3 - CP)
* Opposition Leader demands the government to resign (3 - CP)
* Several fuel shipments are expected to arrive this month, Minister says (3 - CP)
* All government schools to remain closed for this week (3 - CP)
* Sri Lankan delegation to visit Russia with President’s message to seek support (3 - CP)
* Flood warning issued for the Gin Ganga Valley (3 - CP)
* US Senate Foreign Relations Committee says IMF agreement with Sri Lanka must be contingent on key reforms (3 - CP)

SPORTS

July 07 (ESPNCI) The draft for the third edition of the Lanka Premier League was held on Tuesday evening, with each of the five franchises allowed to pick six international players, with one from each price category barring Gold and Silver. Sri Lankan players were available for all categories.
 

July 07 (ESPNCI) Sri Lanka have been hit by three more Covid-19 cases on the eve of the second Test against Australia, with Dhananjaya de Silva, Asitha Fernando and Jeffrey Vandersay ruled out of the game in Galle. It is understood that the trio had all reported feeling unwell which led to the entire Sri Lanka squad being tested, with the positive results coming back on Wednesday.
 

July 07 (ESPNCI) It’s not just about sweeping, surely? There’s more to batting on turning surfaces than that. Sweeping is how Australia got to their last victory. And perhaps how Joe Root did it against Sri Lanka in Galle last year. Sure. But there’s more to life on turning pitches than that. Especially when you have a world beating spinner in the opposition.
 

July 06 (ESPNCI) India have been docked two World Test Championship (WTC) points for maintaining a slow over-rate in the Edgbaston Test, which they lost by seven wickets to England for the series to end at 2-2. As a result of the penalty, India currently have 52.08 percentage points,
 


WORLD

July 06 (Reuters) - Vietnam and South Korea aim to raise the value of bilateral trade between the countries to $100 billion next year and to $150 billion by 2030, up from $78 billion last year, the Vietnamese government said.
 

July 06 (BBC) Twitter has mounted a legal challenge in India against government orders to take down content. The social media giant has filed a petition with the high court in Karnataka state resisting "several" such orders, sources told the BBC.
 

July 04 (BBC) Spanish police have seized three underwater drones built to smuggle drugs across the sea from Morocco. The unmanned submersibles are apparently capable of carrying up to 200kg (441lbs) of cargo. As part of the 14-month investigation, eight people have been arrested in Cadiz, Malaga, and Barcelona.
 

July 04 (BBC) Six people have been shot dead at a 4 July Independence Day parade near the US city of Chicago, city officials say. The event in the city of Highland Park was suddenly halted about 10 minutes after it began, when several shots were heard.
 


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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