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[Last Updated = Fri, Aug 23, 2019, 10:45 am SL Time]
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Sri Lanka Prime Minister aims to modernize and transform Colombo to be best in South Asia

Aug 22 (CP) Colombo- Sri Lanka's Prime Minister Ranil Wickremesinghe says Colombo, which had been built without a proper plan is now being transformed with ongoing development into a beautiful city in the world as Singapore. Premier Wickremesinghe said the beautification of the capital city is being undertaken with the aim of attracting local and foreign investment to the country.
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LEGAL - SITUATION

Aug 23 (CP) Colombo- The term of Chief of Defense Staff Admiral Ravindra Wijegunaratne has been extended by President Maithripala Sirisena. Admiral Ravindra Wijegunaratne's term has been extended until till December 31, 2019 with effect from 22 August 2019.
 

Aug 23 (Island) The government was planning to introduce a new scheme to enable every constable to become a sergeant automatically after 12 years of service with an unblemished record, Parliament was told, on Wednesday (21).
 

Aug 23 (DM) MPs Johnston Fernando, Nimal Lansa, Indika Anuruddha, Arundika Fernando, Sanath Nishantha Perera and Dr. Sudarshini Fernandopulle have requested the President to appoint an independent commission to probe the attacks.
 

Aug 23 (DN) The case filed against businessman Shanil Neththikumara over a charge that he posed death threats to Wijith Wijesuriya, the brother of Anika Wijesuriya, a witness of Bond Commission inquiry, when giving evidence at the Bond Commission against Minister Ravi Karunanayake was yesterday fixed for trial on September 9 by Colombo High Court.
 

Aug 22 (CP) Colombo- The Criminal Investigations Department (CID) has submitted the investigation report to the Attorney General's Department on six high-profile crimes committed during the previous regime.
 

Aug 22 (CP) Colombo- The Civil Aviation Authority of Sri Lanka has decided to conduct an island wide survey on drones. The authority has published the application for the census on its website www.caa.lk.
 

Aug 22 (CP) Colombo- A suspect arrested for abetting the murder of a Chief Jailor attached to the Welikada Prisons Training School is due to be produced before the Balapitiya Magistrate's Court today.
 

Aug 22 (CP) Colombo- The term of the Parliamentary Select Committee (PSC) appointed to look into and report to Parliament on the terrorist attacks that took place in different places in Sri Lanka on 21st April 2019 has been extended until 30th of September, the parliament announced.
 

More : LEGAL - SITUATION
* Prisons officer granted bail after deportation from Dubai (22 - Times)
* Drone flies over Welikada prison complex (22 - Island)
* Wennappuwa PS member, sister remanded for obstructing police duties (22 - DM)
* Four garbage trucks attacked again (22 - DN)

NEWS - HIGHLIGHTS

Aug 23 (CP) Colombo- The Monetary Board of Sri Lanka's Central Bank has decided to relax monetary policies and reduce policy interest rates to revive the economic activity while the inflation remains low at mid-single digit levels, the Central Bank said in its monetary policy review on Friday.
 

Aug 23 (CP) Colombo- Dilip Wedaarachchi, State Minister of Fisheries and Aquatic Resources Development, yesterday laid the foundation for the construction of a Rs. 50 million Marine Aquaculture Research Center at the premises of the National Aquatic Resources Development and Research Agency (NARA).
 

Aug 22 (CP) Colomb- The United Nations Development Programme (UNDP) today reiterated its support for Sri Lanka to achieve the Sustainable Development Goals (SDGs).
 

Aug 22 (CP) Colombo- Sri Lanka President and Commander-In-Chief of the armed forces Maithripala Sirisena Thursday commissioned the Offshore Patrol Vessel P626 gifted to the Sri Lanka Navy from China as SLNS Parakramabahu.
 

Aug 22 (CP) Colombo- Prime Minister Ranil Wickremesinghe has said that as the leader of the United National Party he would continue to take the party forward in unity so as not to cause any problems within the party.
 


FINANCE - TRAVEL

Aug 23 (CP) Colombo- In a landmark initiative aimed at breaking gender barriers across boardrooms, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched the 'Board Ready Female Members Directory' which promotes more female representation across boards in corporate Sri Lanka.
 

Aug 23 (Island) FriMi, powered by Nations Trust Bank proudly joins hands with Mobitel – among the foremost mobile service providers in Sri Lanka. This partnership marks Mobitel as the first mobile operator to enable its monthly bills in real-time, via FriMi’s Bill Presentment service.
 

Aug 23 (DM) A sharp slowdown in the Chinese economy would have a major negative impact on Asia’s trade-dependent banks while banks in Sri Lanka and Indonesia are exposed to asset quality risks from currency weakness with the shift in investor sentiment away from risky assets and markets.
 

Aug 23 (DN) Two Indian airline operators, Alliance Air (an Indian regional airline, a wholly owned subsidiary of Air India) and IndiGo (an Indian low-cost airline headquartered at Haryana in India), have expressed interest to operate flights to the Palaly International Airport. (JAF).
 

Aug 23 (Traveller) Over the past decade, Teardrop Hotels has been quietly making Sri Lanka's hotel scene more contemporary. The brainchild of three British school friends, the group has so far converted six properties across the country into boutique hotels
 

Aug 22 (CP) Colombo- Sri Lanka's nationwide inflation in July 2019 determined under the National Consumer Price Index (NCPI) marginally increased to 2.2 percent from 2.1 percent recorded in June on a year-on-year basis, the Department of Census and Statistics reported Wednesday.
 

Aug 22 (Reuters) COLOMBO- The Sri Lankan rupee fell for the fourth straight session on Thursday, weighed down by foreign outflows from government securities and tracking other emerging currencies. Stocks closed steady.
 

More : FINANCE - TRAVEL
* Ceylinco Life reports 6-month net income of Rs.14.7 Bn (22 - CP)
* Fitch Rates Hatton National Bank's Basel III Sub-Debt Final 'A+(lka)' (22 - CP)
* HNB – AAC partner to offer motorists exclusive leasing facilities (22 - Island)
* SEC files action against 4 investment advisors for market manipulation (22 - DM)
* ‘Pharma industry will support fair pricing mechanism’ (22 - DN)

POLITICS - GENERAL

Aug 23 (CP) Colombo- World Food Programme (WFP) is supporting Sri Lanka through its innovative and sustainable new project - R5. It is designed to target the most vulnerable rural communities
 

Aug 23 (Island) Health, Nutrition and Indigenous Medicine Minister Dr. Rajitha Senaratne told Parliament, yesterday, that the Government Medical Officers’ Association (GMOA) had launched a strike with a hidden agenda to secure the credit for prescribing the minimum standards for medical education in Sri Lanka.
 

Aug 23 (DM) Efforts are being made to create another constitutional coup similar to that of the one on October 26 last year and to appoint a new premier, UNP MPs Ashu Marasinghe and Palitha Range Bandara alleged yesterday. Speaking at a media briefing, the MPs said creating a division within the UNP was part of the conspiracy.
 

Aug 23 (DN) The Sri Lanka Freedom Party (SLFP) will field its own presidential candidate if there is no success in forthcoming negotiations with the Sri Lanka Podujana Peramuna (SLPP) for an presidential election alliance, United People’s Freedom Alliance (UPFA) General Secretary MP Mahinda Amaraweera said yesterday.
 

Aug 23 (Mongabay) Researchers in Sri Lanka have described an eye-catching new species of tarantula, in a discovery they hope will underscore ongoing efforts to better regulate the global trade of rare and exotic spiders.
 

Aug 22 (CP) Colombo- Sri Lanka Prime Minister Ranil Wickremesinghe today (22) called on the party leaders of the United National Front to finalize the draft constitution of the Democratic National Front (DNF). The Prime Minister has pointed out that at least he should get the alliance's draft constitution before signing an agreement to form a new alliance led by the United National Party (UNP) or naming a candidate for presidential election.
 

Aug 22 (CP) Colombo- Sri Lanka President's Office has clarified that President Maithripala Sirisena had not made a comment on the Kashmir issue during a meeting with the Pakistani High Commissioner recently.
 

Aug 22 (CP) Colombo- The second mobile service of the Enterprise Sri Lanka program which provides interest subsidized loans for entrepreneurship will be held on the 24th and 25th of August at the premises of Pelwehera College of Agriculture, Dambulla.
 

Aug 22 (CP) Colombo- Sri Lanka President Maithripala Sirisena has conferred the title of 'Deshamanya' on the Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy.
 

Aug 22 (CP) Colombo- Sri Lanka state doctors' union, Government Medical Officers Association (GMOA) has launched a token strike from 8am Thursday to 8 am Friday. GMOA media committee member Dr. Prasad Colombage said the one day token strike is being carried out based on several demands.
 

Aug 22 (CP) Colombo- The passenger boat service from Union Place to Colombo Fort implemented as a solution to ease the traffic congestion will be open for public from today.
 

Aug 22 (CP) New York- The new Permanent Representative of Sri Lanka to the United Nations, Ambassador Kshenuka Dhireni Senewiratne, presented her credentials to UN Secretary-General António Guterres on Wednesday, August 21, 2019.
 

More : POLITICS - GENERAL
* National School admission for taxpayer’s children soon (22 - DN)
* Minister Ranawaka calls for eleven amendments to the constitution (22 - Times)
* Govt. delays revealing number of vehicles acquired by ministers (22 - Island)
* Speaker will resign to contest presidential polls: SLPP (22 - DM)

SPORTS

Aug 22 (ESPNCI) Dimuth Karunaratne led Sri Lanka's slow but steady progress on a rain-hit first day at the P Sara Oval in Colombo. The Sri Lanka captain blunted the new ball and grew more fluent against the old one, making an unbeaten 49 off 100 balls, on a truncated day that saw only 36.3 overs.
 

Aug 22 (AFP) Sri Lankans involved in gambling firms will be barred from the nation's cricket governing body as officials bid to eradicate match-fixing scandals that have dogged the sport, the government said Thursday.
 

Aug 22 (ESPNCI) Dimuth Karunaratne's fourth-innings effort of 122 in Galle was a memorable, matchwinning effort. His knock was instrumental in Sri Lanka chasing down 268 with plenty to spare.
 

Aug 22 (ESPNCI) Chaos has been a constant in Sri Lankan cricket in 2019. Captaincy change - check; coach sacking - check; interim committee - check; sports ministry interference - check; contract terminations - check. Yet, quite incredibly, Sri Lanka are on a three-match winning streak in Tests, on the verge of consecutive Test series wins against South Africa and New Zealand.
 


WORLD

Aug 23 (BDN) Prime Minister Imran Khan of Pakistan intensified his criticism of India on Wednesday over its Kashmir crackdown, saying he would no longer seek dialogue with Indian officials and raising the threat of a military escalation between the nuclear-armed neighbours.
 

Aug 23 (CNA) The United States on Thursday (Aug 22) sharpened its criticism of China's activities in disputed areas of the South China Sea, slamming an "escalation" in efforts to intimidate other claimants" such as Vietnam.
 

Aug 23 (BBC) French President Emmanuel Macron has said the record number of fires in the Amazon rainforest is an "international crisis" that needs to be on the top of the agenda at the G7 summit. "Our house is burning," he tweeted.
 

Aug 22 (BBC) Former Indian finance minister Palaniappan Chidambaram has been arrested on charges of corruption and money laundering. He is being investigated over allegations that he cleared foreign investments in exchange for bribes while he was finance minister.
 


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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