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[Last Updated = Sun, Apr 19, 2015, 11:33 pm SL Time]
Sri Lanka's Central Bank Governor cleared of any misconduct in bond issue

Apr 19 (CP) Colombo- The committee of eminent lawyers appointed by Sri Lankan Prime Minister Ranil Wickremesinghe to probe the alleged irregularities that had taken place in the 30-year Treasury Bond issuance has cleared Central Bank Governor Arjuna Mahendran from any wrongdoing. The committee has stated that Central Bank Governor Mahendran had no direct role in deciding to accept bids over and above the one billion rupees stipulated in the 30-year bond tender and accept up to 10 billion rupees.
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Apr 19 (CP) Colombo- Two teenage lovers in Sri Lanka leaped to their deaths off a picturesque waterfall in central hill country, according to local media reports here. The couple has jumped to their deaths off Diyaluma Falls, in Koslanda of Badulla District. The 220 meters high waterfall is the second highest waterfall in the country.

Apr 19 (CP) Nagapattinam- Fishermen from Tamil Nadu State of India have complained to the police that they were attacked in mid-sea by sea pirates suspected to be from Sri Lanka. Seven fishermen from Nagapattinam have been injured in the mid-sea attack, the Tamil Nadu police said today.

Apr 19 (CP) Colombo- The government of Sri Lanka plans to send a top-level team including officials from the police and relevant state institutions to Ukraine to probe the allegations leveled against Sri Lanka's former ambassador to Russia, Udayanga Weeratunga.

** Related Story ::Sri Lankan ex-diplomat probed in Ukraine over alleged involvement in arms deal

Apr 19 (OL) Tamil National Alliance has no allegiance to the LTTE as it is not in favour of terrorism, a senior leader of Sri Lanka's main Tamil party has said, rebutting allegations in this regard.

Apr 19 (Island) A former Sunshine Coast (Australia) man who helped thousands of victims of the Sri Lankan tsunami is now trapped in his adopted country and separated from his partner and children. When Jayden Jacenko turned two yesterday, his father wasn’t there to celebrate.

Apr 19 (ST) A drunken police constable was arrested by Galkiriyagama police for allegedly firing a T.56 weapon on Friday (17) at the temple where the Chief monk of Namal Uyana, Ven. Wanawasi Rahula Thera was residing. The Chief monk had hid himself and escaped injuries, police said, adding that they have recovered empty shells from within the premises.

Apr 19 (SO) The Financial Crimes Investigation Division (FCID) questioned former Presidential Advisor Ven. Watinapaha Somananda Thera in connection with a Rs. 600 million embezzlement case. The Thera, one of the advisers on Buddhist Affairs to former President Mahinda Rajapaksa was yesterday questioned from 8.30 a.m. to 3.00 p.m.

Apr 18 (CP) Colombo- Sri Lanka Army has held discussions with China on improving military ties between the two countries. The discussions were held between the Ambassador of China in Sri Lanka, Yi Xianliang and the Commander of the Army, Lieutenant General Chrishantha De Silva at the Army Headquarters on Friday (17).

Apr 18 (Hindu) A Sri Lankan Tamil couple with their three teenage daughters landed clandestinely at Arichalmunai, off Dhanushkodi in the early hours of Friday.

* CID catches up with master swindler and his gang (18 - Island)
* SLTB, private bus crash leaves 24 injured (18 - DN)


Apr 19, Colombo: The current government of Sri Lanka is committed to strengthen the private sector as well as the public sector, the President Maithripala Sirisena said today. The President, emphasizing that the Government gives priority to build a local economy based on agriculture irrespective of foreign investments, said it is committed to provide necessary inducements to the private sector as well as the state sector.

Apr 19 (CP) Colombo- Former President of Sri Lanka Mahinda Rajapaksa has rejected allegations that he and his family members maintained illegal or secret offshore accounts in foreign banks.

Apr 19 (CP) Colombo- President of Sri Lanka Maithripala Sirisena will meet Sri Lanka Freedom Party (SLFP) members this evening to discuss and reach a final agreement on the proposed 19th Amendment to the Constitution.

Apr 18 (CP) The Hague- Sri Lanka with the support of World Bank has made substantial investments in the deployment of Information and Communication Technology (ICT) in key sectors of the economy under the "e-Sri Lanka Development initiative".


Apr 19 (CP) Colombo- Sri Lanka and Japan plan to formulate and sign a Free Trade Agreement between the two countries to enhance bilateral trade. The Sri Lanka-Japan Business Co-operation Committee says that they are preparing for possible a FTA between Fri Lanka and Japan in 2015.

Apr 19 (CP) Colombo- The Ceylon Hotel School Graduates Association will hold its first Hotel Management Conference from May 12-13 at the Taj Samudra Hotel in Colombo. The two-day conference on the theme 'Strategic Management for Hospitality Leaders' will showcase the growing potential that lies within the travel and hospitality sector

Apr 19 (LBO) Sri Lanka’s Ceylon Chamber of commerce says, the prevailing political uncertainty impacts negatively on the economic and business environment in the Island and to restore confidence and attract investment, parliamentary elections must be held expeditiously.

Apr 19 (Island) The Export Development Board (EDB) indicated recently that rubber products manufactured in Sri Lanka realized revenue amounting to $ 889.4 million in 2014. These products were mainly identified in three segments — tyres, including solid tyres, pneumatic tyres and tubes, gloves, including surgical, industrial, and for household use.

Apr 19 (ST) The Comtrust Equity Fund has declared a dividend of Rs.2 for the year ended 31 March 2015 (FY15), one of the highest dividend payment for the current year by an Equity Fund in the Unit Trust industry. Incidentally, this is also the fifth consecutive year that the Fund has distributed Rs 2 per unit as Dividends.

Apr 19 (SO) The export sector, a key driver of the economy rebounded from last year’s sluggish pace to record a five percent growth during the first quarter of this year as against the corresponding quarter last year.

Apr 18 (CP) Colombo- The Sri Lankan government as part of the 100 day programme today launched a relief measure to the tea smallholders of the country. In the present administration's 100 days programme the government proposed to pay a guaranteed price of Rs. 80 per kilogram of raw and tender tea leaves produced by small scale tea estate holders.

Apr 18, Colombo: Authorities in Sri Lanka have reportedly reached an agreement on continuing with the Lotus Tower project in Colombo following a discussion between several state institutions.

** Related Story ::Sri Lankan government to review Chinese funded Lotus Tower project

Apr 18 (CP) Colombo- Deputy Minister of Foreign Affairs Ajith P. Perera who is currently in The Netherlands leading the Sri Lanka delegation to the Global Conference on Cyberspace - 2015 (GCCS 2015) visited the Dutch Parliament on the sidelines of the conference on 15 April.

* CCC says uncertainty affecting economic and biz environment (18 - DM)
* Empowering local governments on the importance of renewable energy (18 - Island)
* People's Bank posts record ATM transactions (18 - DN)


Apr 19 (CP) Colombo- Sri Lanka's Marxist party, Janatha Vimukthi Peramuna (JVP) says the proposed 19th Amendment to the Constitution was not a perfect piece of legislation but better than nothing.

Apr 19 (CP) Colombo- Sri Lanka's former ruling party, the United People's Freedom Alliance (UPFA) says that President Maithripala Sirisena has taken steps to re-launch the Alliance. The President has reportedly invited all constituent parties of the UPFA for the re-launch.

Apr 19 (CP) Colombo- The Sri Lanka Freedom Party (SLFP) that has continuously urged for the implementation of electoral reforms has finalized a draft 20th Amendment to the Constitution.

Apr 19 (CP) Colombo- Several minority as well as minor political parties in Sri Lanka are to hold a meeting this evening to discuss and reach consensus on the proposed electoral reforms. The parties are expected to prepare their own set of recommendations for the proposed electoral reforms.

Apr 19 (OL) Sri Lanka's Tamil and Muslim political parties are opposed to any change in the country's electoral system and believe the current proportional representation method is best suited to serve their interests.

Apr 19 (Island) Despite a highly publicized exit from the Janatha Vimukthi Peramuna (JVP) of Somawansa Amerasinghe, its former leader has to-date not clearly articulated reasons for his actions. "Comarade Somawansa Amerasinghe went ahead and acted in a personal capacity and had not even notified the party," said JVP propaganda Secretary, Vijitha Herath,.

Apr 19 (ST) President Maithripala Sirisena will skip the 50th anniversary of the Asia-Africa Summit, better known as the Bandung Conference, which will be held in the Indonesian capital Jakarta next week. A President’s Office spokesmen cited personal reasons for the decision by the President not to attend the conference, which Sri Lanka co-sponsored with Burma, India, Indonesia and Pakistan in 1955.Instead Sri Lanka will be represented at the conference by Higher Education Minister Sarath Amunugama.

Apr 19 (SO) The Janatha Vimukthi Peramuna (JVP) will hold urgent discussions with the party’s former leader Somawansa Amarasinghe to persuade him against his publicly-announced decision to form a new political party, top JVP sources said.

Apr 18 (CP) Colombo- Sri Lankan President Maithripala Sirisena has ordered to reinstate all employees, who lost their jobs at the Road Development Authority, in service. The President has instructed to reinstate 235 laid-off employees of the Road Development Authority to report for duty on Monday.

Apr 18 (CP) Guruvayur- Sri Lankan Prime Minister Ranil Wickramasinghe today offered worship at the famous Lord Krishna Temple at Guruvayur in Kerala state of India amid heavy security.

Apr 18 (CP) Colombo- Cabinet Spokesperson in Sri Lanka Minister Dr. Rajitha Senaratne says there are no longer any second class citizens in the country. Dr. Senaratne has said that granting permission to sing the national anthem in the Tamil language has proven that there were no longer any second class citizens.

Apr 18 (CP) Colombo- As a token of solidarity with the people of Vanuatu, the Government of Sri Lanka has sanctioned a cash contribution of US$ 50,000 for victims of Cyclone Pam that ravaged Vanuatu last month.

Apr 18 (CP) Colombo- Leaders of Sri Lanka's former ruling party, United People's Freedom Alliance (UPFA) are expected to meet President Maithripala Sirisena during this weekend to discuss the 19th Amendment to the Constitution.

Apr 18 (CP) Colombo- Prime Minister of Sri Lanka Ranil Wickremesinghe has travelled to India this morning. Although details of his latest Indian visit are yet to be known, correspondents at the Katunayake International Airport have reported that Wickremesinghe has left for Cochin, India at around 7.40 a.m. today on SriLankan Airlines flight UL 165.

Apr 18 (CP) Colombo- Former leader of Sri Lanka's Marxist party, Janatha Vimukthi Peramuna (JVP), Somawansa Amarasinghe has discussed with Elections Commissioner Mahinda Deshapriya about forming a new political party.

** Related Story ::Former leader of Sri Lanka's Marxist party to start a new party

Apr 18 (Xinhua) The Chinese Chamber of Commerce in Sri Lanka (CCCSL) on Friday rejected the accusation by the new government that the Southern Railway project in the island nation was constructed on a higher cost than the Northern Railway project.

* I won’t rejoin JVP: Somawansa (18 - DM)
* Don’t plunge country into anarchy – GL Committee Stage amendments to 19A: (18 - Island)
* Assistance provided for livelihood development of Northern people (18 - DN)


Apr 19 (Reuters) Bangladesh recorded their first series win against Pakistan after opener Tamim Iqbal's second successive century secured a seven-wicket victory in the second one-day international on Sunday. After restricting Pakistan to a modest 239 for six, the hosts returned with Tamim, who had scored 132 in his team's victory in Friday's series opener, leading their successful chase with nearly 12 overs to spare.


Apr 19 (ESPNCI) The maturing of Angelo Mathews as a player and as a captain was the highlight of Michael de Zoysa's two-year term as manager of the Sri Lanka cricket team. De Zoysa took up the role in February 2013, the same time when Mathews was appointed captain, and completed his term at the end of the 2015 World Cup. He has been replaced by Jeryl Woutersz for the upcoming home series against Pakistan and India.

Apr 18 (Times) In a bizarre u-turn on Saturday, Proteas High Performance Coach, Mike Horn, claims his comments were taken out of context and that he is not aware of any political interference in the selection of the team for the World Cup semi-final match against New Zealand.

Apr 18 (Guardian) Cardiff is the place to be on Sunday. One of the greatest cricketers of this generation will be making a return to county cricket against Glamorgan. A treat is on the horizon for all cricket lovers and the press box will be unusually full for this Second Division contest. Yes, Kumar Sangakkara is making his debut for Surrey at the start of a season when an unusually high proportion of international stars are dipping into domestic cricket.


Apr 19 (Reuters) DHAKA- Bangladesh said on Sunday it had brought back 337 of its citizens from strife-torn Yemen with the help of India, with the total number of Bangladeshis evacuated so far reaching 500. The ministry of foreign affairs said in a statement the Bangladeshis had arrived at Hazrat Shahjalal International Airport by special flights of Biman Bangladesh Airlines.

More : WORLD

Apr 19 (LM) Beijing- President Xi Jinping on Sunday said his first trip to Pakistan is like visiting the home of his “own brother” as he vowed to firm up China’s strategic ties with its all-weather friend by making progress on various fronts, including the $46 billion bilateral economic corridor. “This will be my first trip to Pakistan, but I feel as if I am going to visit the home of my own brother,” Xi said in an article for the Pakistani media ahead of his visit

Apr 18 (ET) Soon a brash naval captain may pose a bigger risk of triggering a nuclear crisis between India and Pakistan than a religious terrorist. China is likely to conclude a sale of eight conventional submarines during President Xi Jinping's visit to Islamabad on April 20, more than doubling Pakistan's fleet.

Apr 18 (Star) Nearly two years after the Rana Plaza garment factory collapse in Bangladesh killed more than 1,000 workers, Italian clothier Benetton announced Friday it would contribute more than $1 million to a fund for survivors. Benetton, one of 29 brands that sourced clothes from the ill-fated factory, is one of the last big-brand fashion houses to compensate the survivors of the Rana Plaza tragedy.

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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