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[Last Updated = Tue, Feb 20, 2018, 11:01 am SL Time]
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Sri Lanka President's party decides to stay in unity government ending political crisis

Feb 19 (CP) Colombo- The Sri Lanka Freedom Party led by (SLFP led by President Maithripala Sirisena on Monday decided to stay in the unity government with the Prime Minister Ranil Wickremesinghe's United National Party (UNP) ending the political crisis resulted after the local government elections.
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LEGAL - SITUATION

Feb 19 (CP) Visakhapatnam- Visakhapatnam Rural police on Sunday have arrested A Sri Lankan officer along with the Indian manager of a private firm in Brandix India Apparel City for sexually assaulting a junior employee.
 

Feb 20 (Island) Complaints of harassment at various stages of electioneering were flooding in, a spokesperson for Campaign for Free and Fair Elections (CaFFE) said, adding that the organization would meet with the Elections Commission to expedite various police investigations on those incidents.
 

Feb 20 (DN) A fire erupted at a factory manufacturing rubber items in Raja Mawatha, Ja-Ela last night. The Police together with the fire brigade, electricity board and residence of the area were able to douse the fire. No injuries or deaths were reported by the incident.
 

Feb 19 (CP) Colombo- The case filed by the Bribery Commission against former Minister and National Freedom Front leader Wimal Weerawansa will be taken up for hearing on the 16th of May. Colombo High Court Judge Vikum Kaluarachchi postponed the case when it was taken up for hearing today.
 

Feb 19 (CP) Colombo- The Iranian naval fleet, comprising Tonb logistic-combat warship and two destroyers -Naqdi and Bayandor arrived at Colombo Port in Sri Lanka has departed Monday (19) after completion of a successful four-day tour.
 

Feb 19 (CP) Colombo- The first segment of 12th Force Protection Company (FPC) for the United Nations Interim Force in Lebanon (UNIFIL) left the island early this morning (18) in order to assume their roles and tasks in the UN Peacekeeping Mission in Lebanon, Army media unit said.
 

More : LEGAL - SITUATION
* War crimes allegations: Govt, TNA face new challenge (19 - Island)
* Two killed as motor car falls into Kothmale Oya (19 - DM)

NEWS - HIGHLIGHTS

Feb 19 (CP) Colombo- The Delimitation Committee for the conduct of Provincial Council elections today handed over its report on the delimitation of electorates to the Minister of Provincial Councils and Local Government Faizer Mustapha today.
 

Transshipments at Colombo Port up by 20.4 percent in January

Feb 19 (CP) Colombo- Cargo handling capacity of the Port of Colombo has increased significantly showing continuous growth in the container handling operations since the fourth quarter of 2017, Sri Lanka Ports Authority (SLPA) said.
 


FINANCE - TRAVEL

Feb 20 (CP) Colombo- DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation.
 

Feb 20 (Island) NDB Leasing recently entered into an agreement with United Motors Lanka PLC to jointly promote a special leasing package exclusively for Fuso lorry cab and chassis, Tippers, and rosa Buses.
 

Feb 20 (DM) Diversified conglomerate Cargills (Ceylon) PLC (CARG) posted a Rs.827 million net profit for the quarter ended December 31, 2017 (3Q18), recording a growth of 30 percent from the corresponding quarter last year, due to the gains from its associate, Cargills Bank, made on the sale of one of its subsidiaries.
 

Feb 20 (DN) Sampath Bank, reported earnings of Rs.19.95 a share or Rs.3.9 billion in earnings for the December quarter (4Q17), a 52.5% increase from a year ago. The bank, made this bottom line performance amid a 23% year-on-year (YoY) growth in net interest income and 3.91% net interest margin maintained for the year.
 

Feb 20 (LBO) Seylan group reported a resilient performance by recording a Profit after tax of Rs.5,004 Million for the year ended 31st December 2017, which is the highest profit reported in its history.
 

Feb 19 (CP) Colombo- In a meeting with the American Chamber of commerce in Sri Lanka recently, Mani Kulasooriya - founder of Sysco LABS, and Ron May, Vice President of eSolutions at Sysco, addressed the audience with a presentation on the way that "Technology is eating the World"
 

Feb 19 (Reuters) COLOMBO- Sri Lankan shares ended steady on Monday in thin trade amid political uncertainty after both parties in the ruling coalition suffered defeats in a local election earlier this month.
 

More : FINANCE - TRAVEL
* Sri Lankan rupee falls on importer dollar demand (19 - Reuters)
* Softlogic Holdings to raise over Rs.7 billion (19 - DN)
* Doha Bank CEO honored with 'Award of Excellence' by Sri Lanka (19 - CP)

POLITICS - GENERAL

Feb 20 (CP) Colombo- Ranil Wickremesinghe became the Prime Minister following the election held at the end of August 2015 and was sworn in as the Prime Minister more than a week before the national government was created, said constitutional expert and Parliamentarian Dr. Jayampathy Wickramaratne.
 

Feb 20 (Island) JVP Leader Anura Kumara Dissanayake told Parliament yesterday that the results of the local government election had proved that the SLFP’s traditional support base had shifted to a new camp.
 

Feb 20 (DM) Former President and MP Mahinda Rajapaksa today said it was none other than President Maithripala Sirisena who keeps Prime Minister Ranil Wickremesinghe in his post without ousting him. The former president said this in response to a question asked by a journalist when he was leaving Parliament.
 

Feb 20 (DN) The Government yesterday presented in Parliament a new Bill to authorise the raising of loans in or outside Sri Lanka for the purpose of Active Liability Management to improve public debt management.
 

Feb 19 (CP) Colombo- Sri Lanka parliament today held a debate on the revising Draft Standing Orders of Parliament after 24 years and on the draft Code of Conduct for Members of Parliament. Speaker Karu Jayasuriya said the debate will be recorded as an important moment in the history of the country's parliament.
 

Feb 19 (CP) Colombo- Additional Commissioner of Election M. M. Mohamed has said that measures are being taken to officially notify today (19) the political parties of the number of members elected to Local Government bodies from the respective party.
 

Feb 19 (CP) Colombo- When the Sri Lankan parliament convened this morning, political party leaders have decided to hold a debate on the prevailing political situation in the country in the aftermath of the Local Government election.
 

Feb 19 (INSSL) The landslide victory of Sri Lanka Podujana Peramuna (SLPP) in the recently concluded local government (LG) elections naturally attracted much attention to assessing the future trajectory of the domestic political landscape.
 

Feb 19 (Hindu) Sri Lanka is in the throes of a political crisis after the two main parties in the ruling coalition suffered a dramatic defeat in the recent local government elections.
 

More : POLITICS - GENERAL
* Removing PM: President still undecided (19 - Island)
* Minister requests private hospitals, SJH to Provide free treatment to organ donors (19 - DN)
* Govt. and opposition MPs received cash from Mendis distilleries - Ranjan claims (19 - DM)

SPORTS

Feb 20 (BBC) International teams should not play Twenty20 cricket, according to England coach Trevor Bayliss. England beat New Zealand by two runs in Hamilton in their 100th T20, but failed to qualify for the tri-series final against Australia.
 

Feb 19 (ESPNCI) One tour, three formats, three series wins. For Chandika Hathurusingha, it has been the ideal start to his tenure as head coach of Sri Lanka. Speaking on his side's return home from Bangladesh, a content Hathurusingha cited good communication, tactical flexibility, and a relaxed environment as key elements in Sri Lanka sweeping every trophy on offer.
 

Feb 19 (ICC) Dinesh Chandimal was in buoyant mood after his team dominated the second T20I against Bangladesh in Sylhet, wrapping up a 2-0 series victory and completing a productive tour overall. Kusal Mendis starred with the bat, hitting 70 to surpass his career-best score in the format for the second game in succession
 

Feb 19 (ESPNCI) Once the young batsman around whom Sri Lanka's batting line-up was expected pivot, then a sudden dearth of form, and an axing - Kusal Mendis has an eventful few months. Not picked for the tour of India following very modest outings against Pakistan in the UAE, Mendis has made a triumphant return against Bangladesh.
 


WORLD

Feb 20 (BBC) Canadian Prime Minister Justin Trudeau's first official visit to India has not been the headline-grabbing love fest he must be accustomed to on his overseas trips. Despite plenty of photo opportunities, including at the Taj Mahal, Mr Trudeau and his family's tour has been largely ignored by senior members of the Indian government so far.
 

Feb 20 (BBC) At least 17 people - including children - have been killed in Mozambique's capital, Maputo, and many more injured after a huge mound of rubbish collapsed, officials say. The pile of waste, some 15m (49ft) high, gave way in heavy rains at 03:00 local time (01:00 GMT) on Monday.
 

Feb 20 (BBC) Solar power usually conjures images of vistas of panels pumping out clean power – a green alternative to dirty old coal and gas. But solar has another trick. It can also be small scale and easily deployed in out-of-the-way places – reaching beyond the grasp of conventional grids.
 

Feb 19 (ANI) Canadian Prime Minister Justin Trudeau on Sunday visited a wildlife sanctuary in Mathura's Churmura with his family. Trudeau visited the Wildlife SOS Elephant Conservation and Care Centre in Mathura. He was accompanied along with his wife Sophie Gregoire and his three children, Xavier, Ella-Grace, and Hadrien.
 


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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