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[Last Updated = Fri, Aug 17, 2018, 12:40 pm SL Time]
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New entrepreneurs to be trained in developing businesses under the 'Enterprise Sri Lanka' loan program

Aug 17 (CP) Colombo- Sri Lanka's Minister of Finance and Mass Media, Mangala Samaraweera on Thursday chaired a meeting between the Ministry of Finance, the Central Bank and the Heads of Bank of Ceylon, Peoples Bank and the Regional Development Bank to expedite the "Enterprise Sri Lanka" loan program.
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LEGAL - SITUATION

Aug 17 (CP) Colombo- The Criminal Investigation Department has visited former President Mahinda Rajapaksa's residence in Colombo today (17) in order to record a statement regarding the abduction and assault of Journalist Keith Noyahr.
 

Aug 17 (Island) In three separate search operations conducted by the Kopai police, four key members of the ‘Aava’ group were arrested with three swords on Tuesday. The raids were conducted on information received by the Jaffna Police Special Bureau.
 

Aug 17 (DN) The Finance Manager of Sri Lankan Catering Nalaka Sanjeewa said equipment was bought at a cost of Rs.56 million for a company named M.R.I.A.Kitchen which was to be set up at Wattala in 2012 but at least half of these items had not been utilized and were still in storage.
 

Aug 16 (CP) Colombo- Sri Lanka's Minister of Justice and Prison Reforms, Thalatha Atukorala says that a decision has been taken to establish a new prison police unit within the Prisons Department.
 

Aug 16 (CP) Colombo- The Ministry of Education today (16) lodged a complaint with the Criminal Investigation Department requesting an inquiry into a false news report published on several websites and Facebook publications claiming that the Minister of Education had stated in Badulla that teachers' wages will be suspended during school vacations.
 

Aug 16 (CP) Colombo- Officers of Police intelligence Unit has been deployed on the directions of Inspector General of Police (IGP) Pujith Jayasundara for the protection of international car racing champion Dilantha Malagamuwa and to probe the threat on his life.
 

More : LEGAL - SITUATION
* Twelve years’ RI for kidnap, rape (16 - DN)
* Battle against bribery: CIABOC DG explains difficulties, deficiency in bribery laws (16 - Island)

NEWS - HIGHLIGHTS

Aug 17 (CP) Colombo- Sri Lanka's foremost apparel sector training body, Sri Lanka Institute of Textile and Apparel (SLITA) is planning to expand its services to South Asia region, Minister of Industry and Commerce Rishad Bathiudeen said.
 

Aug 16 (CP) Colombo- Sri Lanka and Oman have signed agreement on Avoidance of Double Taxation and Prevention of Fiscal Evasion between the Government of Sri Lanka and the Sultanate of Oman.
 

Aug 16 (CP) Colombo- The United Nations Development Programme (UNDP) in Sri Lanka recently entered into a partnership agreement with the Government of the United Kingdom to extend support for Sustainable Resettlement of recently released lands in the Northern and Eastern provinces of Sri Lanka.
 

Aug 16 (CP) Colombo- The High Commission of India and the Indian expatriate community in Sri Lanka celebrated the 72nd Independence Day of India on Tuesday, 15 August 2018 at India House in Colombo.
 


FINANCE - TRAVEL

Aug 17 (CP) Colombo- Both manufacturing and services sectors grew slowly in July 2018, compared to the previous month, while both sectors continued to expand albeit slowly, the Central Bank's Purchasing Managers' Index (PMI) Survey released for the month said.
 

Aug 17 (Island) The packaging industry in Sri Lanka has registered progress. But the industry’s future is retarded by incessant ‘red – tape’ imposed by some government officials who are not fully knowledgeable about the industry, keynote speaker at 'Lankapak 2018', Kithsiri Wijesundera said.
 

Aug 17 (DM) Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), which operates in collaboration with Japan’s Onomichi Dockyard, saw its net losses widening during the April-June quarter (2Q18) amid rise in costs and slowdown in income from its main business activities—shipbuilding and repairing.
 

Aug 17 (DN) LAUGFS Gas has come into an exclusive arrangement with Colombo City Centre’s upcoming mall to provide LPG to all its restaurants and food outlets.
 

Aug 16 (CP) Colombo- Fitch Ratings maintains a negative banking-sector outlook for Sri Lanka in 2018 as operating conditions should remain challenging, which could put mild pressure on performance during the rest of 2018 and possibly 2019.
 

Aug 16 (Reuters) COLOMBO- Sri Lankan shares ended marginally weaker on Thursday, marking their fifth straight session of losses, as foreign investors sold market heavyweight John Keells Holdings amid global worries.
 

Aug 16 (Xinhua) The Sri Lankan Tourism Promotion Bureau (SLTPB) will ink an agreement with China's e-commerce giant, Alibaba's travel arm, Fliggy, to bring down 1,000 travelers weekly to Sri Lanka for expanding the island's growing tourism sector, local media quoted Tourism Minister John Amaratunga as saying on Tuesday.
 

More : FINANCE - TRAVEL
* Sri Lankan rupee hits record low for secon (16 - Reuters)
* HNB Group records PBT of Rs. 14.1 billion in 1H 2018 (16 - CP)
* NCE conducts important forum on ‘Women to the fore in exports’ (16 - Island)
* New acquisitions weigh on Hemas 1Q bottom line (16 - DM)
* CSE’s Multi Currency Board to go live soon (16 - DN)

POLITICS - GENERAL

Aug 17 (CP) Colombo- Sri Lanka's Leader of the House and Public Enterprise & Kandy City Development Minister Lakshman Kiriella will represent Sri Lanka as the Special Envoy of the government at the funeral of former Indian Prime Minister Atal Bihari Vajpayee in Delhi today.
 

Aug 17 (News.lk) The Mahavihara Conservation Project had been launched under the supervision of Higher Education and Cultural Affairs Minister Dr. Wijeyadasa Rajapakshe and under the guidance of the Maha Sangha, Prime Minister Ranil Wickremesinghe said.
 

Aug 17 (Island) Private bus operators threatened to launch a crippling strike yesterday, but they were unable to create an impact on public transportation. However, the bus services in some areas in Colombo, Kalutara and Gampaha Districts including long-distance services to the South were disrupted due to the strike.
 

Aug 17 (DM) We must be thankful to former President Mahinda Rajapaksa for his intervention to prevent the killing of journalist Keith Noyahr in 2009, State Minister Ajith P. Perera said yesterday. State Minister Perera told a news conference that Mr. Rajapaksa intervened to stop the killing of Noyahr when his abductors were about to assassinate him.
 

Aug 17 (DN) Although members of the Joint Opposition tried to display heroism in public by pledging to resign from UPFA membership and remain independent within Parliament, they are afraid to do so fearing they may lose their Parliamentary membership, Megapolis and Western Development Minister Patali Champika Ranawaka said.
 

Aug 16 (CP) Colombo- The Sri Lanka - Singapore Free Trade Agreement (SLSFTA) signed in January this year can be amended within a year if it has any detrimental effect on the country and the economy, a senior minister of the government said.
 

Aug 16 (CP) Colombo- Sri Lanka's Prime Minister Ranil Wickremesinghe said he is "deeply saddened" by the death of former Indian Prime Minister AtaI Bihari Vajpayee today. Former Prime Minister Atal Bihari Vajpayee, who was receiving treatment at the All India Institute of Medical Sciences in New Delhi, died on Thursday after a prolonged illness, at the age of 93.
 

Aug 16 (CP) Colombo- Sri Lanka Railway Department has decided to temporarily halt the train service from Medawachchiya to Thalaimannar from Friday (August 17) for repairs on a bridge. Repair work on a main bridge between Murunkan and Mannar is scheduled to commence tomorrow.
 

Aug 16 (CP) Colombo- The British Council in Sri Lanka held its IELTS Awards Night on Tuesday, 14 August at Kings Court, Cinnamon Lakeside in Colombo. Initiated in 2010, this annual awards ceremony is hosted by the country's leading IELTS test center...
 

Aug 16 (CP) Colombo- Sri Lanka Railways trade unions, who launched an island wide train strike launched last week, have issued a fresh warning of trade union action if the government failed to meet their demand to resolve salary anomalies by next Tuesday.
 

Aug 16 (CP) Colombo- Sri Lanka will sign an agreement with Government of Oman to avoid Double Taxation and a Memorandum of Understanding on exemption from visa requirement for holders of Diplomatic and official service passports.
 

More : POLITICS - GENERAL
* No room for racism, religious intolerance - PM (16 - NLK)
* Govt. to address public sector salary anamolies, landlessness soon (16 - Island)
* Acted constitutionally in Opposition Leader post ruling - Speaker (16 - DN)
* JO mulls legal action against UPFA Secretary’s decision (16 - DM)

SPORTS

Aug 17 (ESPNCI) In five Tests in South Africa and England this year, India's fast bowlers have collectively taken 69 wickets at an average of 24.75. All five frontline quicks India have played - Mohammed Shami, Ishant Sharma, Jasprit Bumrah, Bhuvneshwar Kumar and Umesh Yadav - average below 26 across the two tours, and have strike rates of less than 50. These are rare and spectacular numbers.
 

Aug 16 (SLC) COLOMBO- Sri Lanka Cricket wishes to announce the appointment of Vinothan John, Priyantha Udayaratne, Nalinda Ilangakoon and Gajaba Pitigala as the Managers of the ‘Four Team’s’ competing in the upcoming SLC T20 league. Accordingly, Vinothan John, who represented Sri Lanka in both ODIs and Test matches will manage the Dambulla Team.
 

Aug 16 (Sports 360) COLOMBO- It’s all about wrist spin at the moment in limited overs cricket. Finger spinners have been all but booted out of white-ball cricket with only those who bat well remaining in the picture. Having said that, just because you bowl wrist spin doesn’t mean you will succeed.
 

Aug 16 (SLC) Sri Lanka Emerging Team chased down a victory target of 224 runs winning the third and final unofficial 50-over one-day match by two wickets with seven balls to spare in a 3-nil clean sweep over South Africa Emerging Team at the Sinhalese Sports Club grounds on Tuesday.
 


WORLD

Aug 17 (BBC) More than 300 news outlets have launched a campaign to counter US President Donald Trump's attacks and promote a free press. The Boston Globe made the call last week for a nationwide denouncement of the president's "dirty war" against the media, using the hashtag #EnemyOfNone.
 

Aug 16 (BBC) Flooding caused by heavy monsoon rains in the southern Indian state of Kerala has killed at least 73 people, shut down an airport and displaced more than 85,000 people, officials have said. The state government said many of those who died were crushed under debris caused by landslides.
 

Aug 16 (BBC) Former Indian prime minister Atal Behari Vajpayee has died aged 93. He was being treated for age-related illnesses in Delhi's AIIMS hospital. Vajpayee was one of the founding members of the Hindu nationalist Bharatiya Janata Party (BJP), which currently governs India.
 

Aug 16 (BBC) More than 1,000 anti-Rohingya posts featuring calls for their murder among other hate speech were live on Facebook last week, according to Reuters. A probe by the news agency indicates that the network is still being used to encourage violence against the Muslim group in Myanmar despite the tech firm promising to tackle the issue.
 


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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