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Sri Lanka hopes to reach staff level agreement during IMF’s visit at the end of the month

Aug 18 (CP) Colombo- A group of representatives from the International Monetary Fund (IMF) is scheduled to arrive in the country at the end of this month, Governor of the Central Bank Dr. Nandalal Weerasinghe said. Central Bank Governor said the IMF mission is planning to come at the end of the month with the intention to complete the staff level agreement on a policy package.
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LEGAL - SITUATION

Aug 18 (CP) Colombo- Colombo Additional Magistrate Keminda Perera today ordered the former minister Mervyn Silva to appear before the court on November 16 when he was presented before the court following his arrest earlier in the day.
 

Aug 18 (CP) Colombo- Power and Energy Minister Kanchana Wijesekera has lodged a complaint with the Criminal Investigation Department requesting to investigate Sri Lanka’s state owned fuel distributor and fuel storage company.
 

Aug 18 (CP) Colombo- Nine petitions challenging certain clauses of the 22nd Amendment to the Constitutions presented in parliament last week were filed today in the Supreme Court. The Attorney General has been named as the respondent in the petitions filed by nine citizens
 

Aug 18 (CP) Colombo- The Criminal Investigations Department on Thursday arrested Former Sri Lankan Minister Mervyn Silva. The Criminal Investigation Department further states that this arrest was made in connection with an incident of forcibly entering the Sri Lanka Rupavahini Corporation in Colombo in 2007.
 

Aug 18 (CP) Colombo- A Grama Niladhari officer who allegedly threw an 8-year-old child into a canal has been arrested by the police. Police say that the Udapola Grama Niladhari officer has been arrested in connection with the incident reported from Udapola in Polgahawela.
 

Aug 17 (CP) Colombo- The Sri Lanka Navy (SLN) has foiled an illegal migration attempt and arrested 10 individuals during a special operation conducted in the seas off Kurusapadu, Talaimannar last Tuesday night.
 

Aug 17 (CP) Colombo- Officers of Sri Lanka Customs Narcotics Control Division at Bandaranaike International Airport at Katunayake Wednesday (17) have arrested two Sri Lankans who attempted to smuggle in 9.5 kilograms of gold worth 205 million rupees.
 

Aug 17 (CP) Colombo: The officers of the Sri Lanka Customs have arrested a polish national at the Bandaranaike International Airport with a stock of cocaine worth over Rs. 245 million, Customs Media Spokesman, Deputy Customs Director (Legal Affairs) Mr. Sudatta Silva said.
 

Aug 16 (CP) Colombo- Sri Lanka’s Court of Appeal today decided to dismiss a writ petition filed by Scottish National Kayleigh Fraser against the decision taken by the Department of Immigration and Emigration to deport her from Sri Lanka.
 

Aug 16 (CP) Colombo- Sri Lanka Tuesday reported six deaths due to COVID-19 after the figures were confirmed by the Director General of Health Services on Monday, August 15. Among the deaths reported today, are 03 males and 03 females.
 

Aug 16 (CP) Colombo- Sri Lanka’s Ministry of Defense today issued a statement clarifying its rationale for blacklisting and delisting of persons and organizations. According to the blacklisting and delisting of persons, 577 individuals and 18 organizations were blacklisted in the year 2021
 

Aug 16 (CP) Colombo- The Colombo Central Division Crimes Investigation Unit, which is investigating the breaking into the President’s House and damaging its properties, has identified 32 protesters with their names as of yesterday (15).
 

Aug 16 (CP) Colombo- Chinese Scientific Research Ship Yuan Wang 5 has arrived at Sri Lanka’s Hambantota Port Tuesday (16) morning. Sri Lankan port officials and Chinese officials from the ship company welcomed the Yuan Wang 5 at the Hambantota port.
 

Aug 15 (CP) Colombo- The Dornier 228 maritime surveillance aircraft gifted by the Government of India to Sri Lanka Air Force was officially handed over Monday. High Commissioner of India to Sri Lanka Gopal Baglay officially handed over the Dornier 228 aircraft belonging to the Indian Navy to President Ranil Wickremesinghe
 

Aug 15 (CP) Colombo- The Colombo Magistrate’s Court today ordered that Dhanish Ali, who was arrested for forcibly entering the Sri Lanka Rupavahini Corporation and disrupting the broadcast, be released on bail.
 

Aug 15 (CP) Colombo- The Police Special Task Force has arrested the leading gunman of the organized criminal and large-scale drug trafficker Nandun Chinthaka alias "Harak Kata" yesterday (14) in Boralasgamuwa area. The arrested person is identified as 27-year-old Praboda Kumara alias "Kadira".
 

More : LEGAL - SITUATION

NEWS - HIGHLIGHTS

Aug 18 (CP) Colombo- “Ensure healthy lives and promote well-being for all at all ages” is a Sustainable Development Goal and its Target 3.4 is “By 2030, reduce by one third premature mortality from non-communicable diseases (NCDs) through prevention and treatment and promote mental health and wellbeing”.
 

Aug 18 (CP) Colombo- Sri Lanka’s Central Bank releasing the monetary policy review on Thursday said the Monetary Board has decided to continue the current monetary policy stance.
 

Aug 17 (CP) Colombo- The Ministry of Finance, Economic Stabilization and National Policies has prepared a presentation to update Sri Lanka’s creditors on the current financial situation.
 

Aug 17 (CP) Colombo- Sri Lanka’s National Security demands greater attention unlike during the history of the country ever since the independence said the Defense Secretary General Kamal Gunaratne today (Aug 17).
 

Aug 17 (CP) Colombo- The United Nations Sustainable Development Cooperation Framework (UNSDCF) 2023-2027 was launched today by the Government of Sri Lanka and the United Nations in Sri Lanka. The Cooperation Framework will guide the work of UN Agencies, Funds and Programs for the next five years (2023 – 2027).
 


FINANCE - TRAVEL

Aug 18 (CP) Colombo- The USA market has become extremely viable for Sri Lanka as US buyers are looking to diversify their main supply source. USA is the major export market for Sri Lanka apparel, with an export earnings of US$ 2.12 billion in 2021
 

Aug 18 (CP) Colombo- Sri Lankans are responsible for releasing over 1.59 million metric tons of plastic into the ocean each year. The number is huge and so is the repercussion. The reckless disposal of polythene and plastics has resulted in this unending issue in the country.
 

Aug 18 (CP) Colombo- INSEE Cement, Sri Lanka’s leading cement manufacturer, began construction of their mega capacity warehouse within the industrial park in Hambantota International Port (HIP) last week.
 

Aug 18 (CP) Colombo- Singer (Sri Lanka), a premier retail company, has been manufacturing high quality furniture and water pumps since 1993 to cater to the ever-growing consumer needs.
 

Aug 18 (CP) Colombo- Latest innovation allows Apple Watch owners to view their bank balances and accept payment requests from the screens on their wrists. The Commercial Bank of Ceylon has scaled new heights in digital innovation, becoming the first bank in Sri Lanka to take banking to the realm of wearable technology.
 

Aug 18 (Mint) Adani Group on Thursday confirms receiving provisional approval for renewable energy projects in Sri Lanka. However, Adani also clarified that the deal is yet to sign any definitive agreement.
 

Aug 18 (Bernama) -- The healthcare sector in Sri Lanka is currently facing its most acute medicine shortage in the history of the country, putting at peril the very lives of those who depend on its services.
 

Aug 17 (CP) Colombo- Minister of Power and Energy Kanchana Wijesekera says that Adani Green Energy has been given provisional approvals for two wind power projects. Minister Wijesekera said the Adani Green Energy was issued provisional approvals for two wind power projects of 286MW in Mannar and 234MW in Pooneryn for an investment of over USD 500 million.
 

Aug 17 (CP) Colombo- Both manufacturing and service activities in Sri Lanka declined in July 2022 , the Central Bank’s Purchasing Managers’ Index (PMI) Survey released Monday (August 15) showed.
 

Aug 17 (CP) Colombo- Responding to the critical needs of the people affected by severe floods in the Nawalapitiya region, HNB Finance PLC’s Nawalapitiya Branch spearheaded an expedited campaign on August 5, 2022, to supply rations in an effort to provide relief and nutrition to those affected by the flooding caused due to continuous rain.
 

Aug 16 (CP) Colombo- With the view of encouraging service exporters to repatriate their export proceeds into the country, the Central Bank of Sri Lanka has withdrawn the mandatory requirement to convert service export receipts/proceeds, that are received in Sri Lanka on or after 12 August 2022.
 

Aug 16 (CP) Colombo- The U.S. government, through its development agency, the U.S. Agency for International Development (USAID), is committed to accelerating clean energy to drive social and economic sustainable growth in Sri Lanka, the U.S. Embassy in Colombo said.
 

Aug 16 (CP) Colombo- The Commercial Bank Group has reported a six-month financial performance that mirrors the impacts of the country’s macro-economic variables, with solid operational gains negated by extraordinary provisioning in the second quarter for impairment charges and other losses.
 

Aug 15 (CP) Colombo- Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to ‘D’, representing default, following missed interest and principal payments. On Aug. 15, 2022, S&P Global Ratings affirmed its ‘SD’ long-term and ‘SD’ short-term foreign currency sovereign ratings on Sri Lanka.
 

More : FINANCE - TRAVEL
* Sri Lankan shares fall as industrials weigh, rate decision in focus (17 - Reuters )
* Sri Lankan shares dip after 12-day rally (16 - Reuters)
* Hela Apparel Holdings marks an impressive start to FY 2022/23 (16 - CP)
* Three locally produced medicines released to the market (15 - CP)
* MP Harsha de Silva releases his 10 point common minimum program for Sri Lanka’s economic recovery (15 - CP)
* Aitken Spence records its historically highest ever Q1 PBT of Rs. 7.2 billion (15 - CP)
* Nestlé Lanka recognized Sri Lanka’s Most Respected Food and Beverage Entity in 2022 (15 - CP)

POLITICS - GENERAL

Aug 18 (CP) Colombo- The Department of Agriculture and in the agriculture sector have recommended to the Ministry of Agriculture that 70 percent of chemical fertilizers and 30 percent of organic fertilizers should be used in paddy cultivation in the 2022/23 Maha season.
 

Aug 18 (CP) Colombo- The Sri Lanka Foreign Employment Bureau donated 10 computers to the Sri Lanka Police Department to issue police clearance reports required for overseas employment of migrant workers. Police clearance report is mandatory for employment in South Korea, Israel and other countries.
 

Aug 18 (CP) Colombo- In order to attract foreign currency held with the public into the banking system, the Minister of Finance has issued an Order granting an amnesty period for public to deposit or sell foreign currency notes in possession, the Central Bank announced.
 

Aug 18 (CP) Colombo- Law will be strictly enforced against people and organizations that traffic migrant workers under the guise of providing tourist visas, Labor and Foreign Employment Minister Manusha Nanayakkara said.
 

Aug 17 (CP) Colombo- The New Village Development Authority under the Ministry of Urban Development and Housing will launch an online medical treatment and counseling service for the estate community.
 

Aug 17 (CP) Colombo- Sri Lanka’s privately owned liquefied petroleum (LP) gas supplier, Laugfs Gas PLC has decided to reduce domestic gas prices with effect from midnight Wednesday.
 

Aug 17 (CP) Colombo- The Power and Energy Minister Kanchana Wijesekera says that the Sapugaskanda Oil Refinery Complex is expected to resume operations in the next few days. The Minister said he discussed the matter with the officials of the Ceylon Petroleum Corporation (CPC) Commercial Management and Refinery officials on Wednesday
 

Aug 17 (CP) Colombo- Two new envoys to Sri Lanka presented their credentials to President Ranil Wickremesinghe this afternoon (17), President’s Media Division announced. Newly appointed High Commissioner of Australia and the Ambassador of Nepal presented credentials to the President at a ceremony held at the Presidential Secretariat.
 

Aug 17 (CP) Colombo- Opposition Samagi Jana Balawegaya (SJB) parliamentarian Eran Wickramaratne emphasized that the restructuring of government institutions which are running at losses is an imperative task for the development of the country.
 

Aug 17 (CP) Colombo- The Government Information Department has issued a statement saying that the government money will not be spent to cover the expenses incurred by former President Gotabaya Rajapaksa while abroad.
 

Aug 17 (CP) Colombo- Regional Director for Asia-Pacific of the United Nations Development Coordination Office (UNDCO) David McLachlan-Karr arrived in Sri Lanka Tuesday. During his visit, McLachlan-Karr is scheduled to meet with a number of parties including the government, opposition, civil society and the diplomatic community.
 

Aug 16 (CP) Colombo- The Minister of Ports, Navigation and Aviation Mr. Nimal Siripala de Silva has pointed out the need for a program to provide aircraft fuel without any hindrance to the planes servicing Sri Lanka.
 

Aug 16 (CP) Colombo- Minister of Agriculture and Minister of Wildlife and Forest Resources Conservation Mahinda Amaraweera has presented cabinet paper to the cabinet of Ministers yesterday (15) to provide a higher price for paddy to the rice farmers.
 

Aug 16 (CP) Colombo- President Ranil Wickramasinghe has stated that there is no need to extend the state of emergency as the country is currently at a stable level. The State of Emergency was imposed for a month with effect from the 18th of July following the violent incidents by the anti-government protesters.
 

Aug 16 (CP) Colombo- The UK’s new Developing Countries Trading Scheme (DCTS) that will be launched early next year will benefit Sri Lanka by boosting the economy and supporting jobs, the British High Commissioner to Sri Lanka Sarah Hulton said.
 

Aug 16 (CP) Colombo- Minister of Foreign Affairs Ali Sabry met the Colombo-based Ambassadors and High Commissioners on Monday 15 August, 2022 at the Ministry of Foreign Affairs for a briefing on current developments ahead of the 51st session of the Human Rights Council in Geneva.
 

Aug 16 (CP) Colombo- The Central Bank of Sri Lanka Tuesday said news Items referring to statements made by the Governor of the Central Bank on various websites and social media platforms are erroneous.
 

Aug 16 (CP) Colombo- Confirming that Chinese research vessel Yuan Wang-5 successfully berthed at Sri Lanka’s Hambantota port Tuesday, China stressed that the marine scientific research activities of the ship are consistent with international law and international customary practice.
 

Aug 16 (CP) Colombo- President Ranil Wickramasinghe has focused on introducing national guidelines and minimum standards for child development centers in Sri Lanka.
 

Aug 16 (CP) Colombo- The Deputy Regional Director for Asia and the Pacific of the United Nations Development Programme (UNDP) Christophe Bahuet who is presently on a visit to Sri Lanka, called on the Minister of Foreign Affairs Ali Sabry, on 12 August, 2022.
 

Aug 16 (CP) Colombo- Minister of Agriculture and Minister of Wildlife and Forest Resources Conservation Mahinda Amaraweera says the World Bank has agreed to give Sri Lanka 90 million dollars to buy urea fertilizer for the Maha season.
 

More : POLITICS - GENERAL
* Full commitment of the public service is essential to an independent judicial process, state officials informed (15 - CP)
* Power cuts extended from tomorrow after Norochcholai breakdown (15 - CP)
* SLC Executive Committee sends LOD for Rs. 2Bn to Arjuna Ranatunga for making ‘derogatory’ remarks (15 - CP)
* Committee on High Posts approves the appointments of five Secretaries to Ministries and one Ambassador (15 - CP)
* Committee on High Posts approves the appointments of five Secretaries to Ministries and one Ambassador (15 - CP)
* India and Sri Lanka are two sides of the same coin, have to build on the commonalities – President (15 - CP)
* Sri Lanka signs agreement with World University Service of Canada for 7-year Volunteer Cooperation Program (15 - CP)
* Minister instructs to conduct a full audit of fertilizer distribution for Yala Season (15 - CP)
* A generator at the Norochcholai power plant breaks down (15 - CP)
* Formal arrangement for the distribution of fuel required for the gem mining industry is implemented (15 - CP)

SPORTS

Aug 17 (ESPNCI) The PSL is on course to become the first T20 league to go head-to-head with the IPL, in 2025, the situation caused by Pakistan’s packed home season in 2024-25. As first reported by ESPNcricinfo, the schedule crunch that season is mainly because Pakistan is hosting its first ICC tournament
 

Aug 17 (ESPNCI) Despite the rapid and ongoing expansion of T20 leagues around the world, there is an increase in the amount of bilateral international cricket scheduled in the new ICC men’s Future Tours Programme (FTP) for the next four years. This includes two Border-Gavaskar series -
 

Aug 16 (ESPNCI) Cricket Australia has targeted the inclusion of the sport at the 2032 Brisbane Olympics as part of a strategic plan to expand participation and maintain the game’s position at the heart of the country’s sporting culture. The ambitious "Where the Game Grows" plan released on Monday aims to double the number of children aged five to 12 playing the game
 

Aug 16 (ESPNCI) For the Pakistan cricket team right now, this is a decidedly weird time to find themselves in the Netherlands’ second largest city. It is less than two weeks to the start of the T20 Asia Cup, whereas Pakistan are here to play three ODIs against the Netherlands. The Asia Cup is to be held in the UAE,
 


WORLD

Aug 17 (BBC) Two policemen guarding a polio vaccination team have been shot dead by gunmen in north-west Pakistan. The team of two vaccinators was unharmed, police said. Local polio vaccination teams are often targeted by anti-vaccine militants, some of whom claim vaccination is a Western plot to sterilise Muslims.
 

Aug 17 (BBC) A former member of the Tokyo 2020 Olympics organising committee has been arrested on suspicion of corruption. Haruyuki Takahashi, 78, is accused of taking payments totalling $380,000 (£315,000) from a high street business-suit retailer.
 

Aug 17 (BBC) Chinese authorities are attempting to induce rainfall in parts of central and southwest China amid a severe drought and record-breaking heatwave. The Yangtze River - Asia’s longest waterway - is now at record low levels. In some stretches, there has been less than half the usual rainfall.
 

Aug 16 (HT) The UK became the first country on Monday to approve a variant-adapted coronavirus vaccine as it cleared Moderna’s so-called bivalent dose that targets the original as well as the Omicron version of the virus. The UK medicines regulator (MHRA) gave the conditional approval for its use as a booster for adults,
 


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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