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[Last Updated = Wed, Sep 2, 2015, 12:10 pm SL Time]
TOP STORY
Sri Lanka President urges legislators to end divisive politics and strengthen national government

Sept 01 (CP) Colombo- Sri Lanka's President Maithripala Sirisena called on all political parties to end politics of conflict and extend a helping hand to strengthen the politics of consociation initiated by the government. Pointing out that one major national party ruled the country for 35 years and the other main party ruled for 32 years, he urged all the Members of Parliament representing different political parties to cooperate with the government's determined initiative to usher in a new political culture of consociation.
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LEGAL - SITUATION

Sept 02 (CP) Colombo- Sri Lanka's Supreme Court Wednesday ruled that there was reasonable cause to arrest businessman and former opposition parliamentarian, Tiran Alles regarding alleged financial fraud charges.

Sept 02 (IRIN) UNNICHCHI, Sri Lanka-Thavarasa Utharai says she isn't exactly sure where Geneva is, but she is anxiously awaiting a report soon to be made public in the Swiss city that is expected to expose war crimes committed during Sri Lanka's civil war.

Sept 02 (Island) Customs at the Bandaranaike International Airport (BIA) yesterday morning thwarted an attempt by two Sri Lankans to smuggle out foreign currencies worth over Rs. 7,185,000 to Singapore.

Sept 02 (DN) Five army personnel were injured when a group of inmates at the Kandakadu Rehabilitation camp attacked a vehicle convoy carrying Commissioner General of Rehabilitation Major General Janaka Ratnayake on Monday evening.

Sept 02 (DM) Motor car bearing number KQ-6543 which was found with Wasim Thajudeen's body inside had been severely gutted by fire. A definite opinion as to whether the fire was due to an accident cannot be given, stated W. L. Wilson, the technical consultant of Toyota Lanka head office, in a letter addressed to Colombo Additional Magistrate Nishantha Peiris.

Sept 01 (CP) Colombo- Sri Lanka Police today identified the main suspect of the fatal shooting at a United National Party election rally in Kotahena that killed two party supporters and injured 12 others.

Sept 01 (CP) Colombo- Sri Lanka's Tamil-controlled Northern Provincial Council (NPC) today unanimously called for an international probe into the alleged war crimes committed towards the end of the war with the LTTE.

Sept 01 (CP) Rameswaram- The Sri Lankan navy on Tuesday has apprehended 16 fishermen from Rameswaram in Tamil Nadu state of India along with their three boats for allegedly poaching in Sri Lankan waters.

Sept 01 (CP) Colombo- The Sri Lanka Freedom Party (SLFP) has decided to take disciplinary action against four of its members elected to Parliament at the 2015 General Election. These members have been charged with criticizing the party leadership in public, state-run Daily News reported.

More : LEGAL - SITUATION
* Rs 100,000 worth of liquor found in illicit tavern (1 - Island)
* Two sisters, driver killed in head-on collision (1 - DN)
More : LEGAL - SITUATION

NEWS - HIGHLIGHTS

Sept 02 (CP) Colombo- The High Commissioner of Pakistan in Sri Lanka Syed Shakeel Hussain said that Pakistan and Sri Lanka are important partners not only in promoting bilateral trade and economic interactions but also enhancing regional economic integration through SAARC and SAFTA (South Asian Free Trade Area).

Sept 01 (CP) Colombo- Sri Lanka's Prime Minister Ranil Wickremasinghe says that many tasks lie ahead for the new government to get fulfilled through the parliament including the electoral reforms and the introduction of a new constitution.

Sept 01 (CP) Colombo- Ever strengthening relations between Sri Lanka and its neighbor India are now on a sound footing and Sri Lanka is a vital component in the periphery as regional development is taking root, a top ranking Indian official said today.


FINANCE

Sept 02 (CP) Colombo- For South Asian countries including Sri Lanka to grow at continuously high rates, industrial development, particularly the growth of manufacturing is critical, a recent study by the Asian Development Bank shows.

Sept 02 (Island) Sri Lanka Telecom (SLT) has strengthened its partnership as the official Telecommunications Service Provider of the Sri Dalada Maligawa. A Memorandum of Understanding (MOU) was signed recently to provide ultra-high-speed broadband internet services

Sept 02 (DN) Insurance Board of Sri Lanka (IBSL) estimates that value of Lift insurance polices is likely to increase to Rs.50 billion by end of 2015. This was at Rs. 43 billion in 2014.

Sep 02 (LBO) Sri Lanka’s Institute of Chartered Accountants, a professional accounting, body urged the government to maintain accounts and publish them, as the government is answerable to the public for how they use income.

Sept 01 (CP) Colombo- Nestlé Lanka PLC opened trading on the Colombo Stock Exchange (CSE) today. This event was yet another in a series of Market Opening Ceremonies, featuring the companies from the S&P SL20 index.

Sept 01 (CP) Colombo- Sri Lanka Tourism has targeted the Indian Administrative Service, the premier administrative civil service of the Government of India which has the option of selecting a global awareness programme during one tenure, as a potential tourist and brand Ambassador for Sri Lanka.

More : FINANCE
* Sri Lankan shares end lower on profit-taking (1 - Reuters)
* Sri Lankan shares end lower on profit-taking (1 - Reuters)
* Sri Lankan rupee ends steady on dollar selling by state-run bank (1 - Reuters)
* LankaClear records a 12% revenue growth (1 - Island)
* Softlogic Holdings Group boosts revenue to Rs.40.0 bn (1 - DN)
* Sri Lanka plantation worker wage hike talks in deadlock (1 - LBO)
More : FINANCE

POLITICS - GENERAL

Sept 02 (CP) Colombo- Sri Lanka's Prime Minister Ranil Wickremasinghe is likely to visit New Delhi later this month as his first overseas trip after becoming the Prime Minister for the fourth time. India and Sri Lanka are working to fix the dates for the Sri Lankan PM's visit and there had been exchange of dates for the visit

Sept 02 (CP) Colombo- Sri Lanka Freedom Party (SLFP) will celebrate its 64th anniversary in Polonnaruwa on today under the patronage of party leader, President Maithripala Sirisena. Former SLFP leaders, including former presidents Mahinda Rajapaksa and Chandrika Bandaranaike Kumaratunga have been invited to the occasion, SLFP General Secretary Duminda Dissanayake said.

Sept 02 (Island) The top performing UNP candidates at the August 17 General Election are to be given the more important ministerial portfolios in the new Cabinet to be sworn in before President Maithripala Sirisena on Friday in Colombo.

Sept 02 (DN) A resolution pertaining to the number of ministers in the National Unity Government will be presented by Leader of the House Lakshman Kiriella tomorrow for Parliament approval. According to the resolution, the number of Cabinet Ministers will be 45.

Sept 02 (DM) Former president Mahinda Rajapaksa yesterday expressed his confidence that the new parliament would be a success “I think the new parliament will be successful with young blood and a number of new young MPs,” he said speaking to journalists at the end of the inaugural sessions of the 8th parliament last evening.

Sept 02 (dpa) Colombo- Sri Lanka's new national government of unity officially started work on Tuesday with the ruling party and the main opposition agreeing to co-operate for a two-year period.

Sept 01 (CP) Colombo- Cooperation between China and Sri Lanka is only for the peace and development, without intention or need to target any third party, China's Ambassador to Sri Lanka Yi Xianliang said.

Sept 01 (CP) Colombo- United National Party (UNP) MP for Kandy District Lakshman Kiriella was appointed as the Leader of the House when the 8th Parliament convened today for the first time. UNP MP Gayantha Karunathilaka was appointed as the Chief Government Whip.

Sept 01 (CP) Colombo- The United National Party (UNP) National List parliamentarian Karu Jayasuriya was unanimously appointed as the Speaker of the Eighth Parliament of the Democratic Socialist Republic of Sri Lanka.

Sept 01 (CP) Colombo- Sri Lanka's Prime Minister Ranil Wickremasinghe has requested from the relevant authorities a detailed account on the paddy stocks purchased in the Polonnaruwa district by the Cooperative Societies in the last harvest season.

** Related Story ::PM instructs to expedite paddy purchasing process as a bumper crop is expected

Sept 01 (CP) Colombo- The United States Embassy in Colombo on Friday, August 28 signed a Memorandum of Understanding with Governor of Eastern Province Austin Fernando to build eight schools for different communities throughout the Province with the support of the Eastern Provincial Council.

More : POLITICS - GENERAL
* Ranil orders halt to demolishing of historical buildings (1 - Island)
* Ranil states criteria for portfolio (1 - DM)
* Wimal apologises to President for using abusive language during Presidential election campaign (1 - DN)
More : POLITICS - GENERAL

SPORTS

Sept 01 (ICC) Three Sri Lanka players and India’s Ishant Sharma have been found guilty of breaching the ICC Code of Conduct in two separate incidents during the penultimate day’s play in the third Test against India at the Sinhalese Sports Club (SSC) in Colombo. Dinesh Chandimal has been handed one Suspension Point* for breaching Article 2.2.7 of the ICC Code of Conduct, which relates to “inappropriate and deliberate physical contact with a Player”.

More : SPORTS

Sept 01 (ESPNCI) You spend hours planning for outside edges and lbws, pegging away just outside off and breaking backs bowling bouncers, sweating, despairing, hoping for slip fielders to take the catches, praying the umpires agree with your lbw appeals, debating over DRS and no-balls, and then a Test turns on a reverse-sweep. Coming together at five down with 78 overs to survive, captain Angelo Mathews and debutant Kusal Perera kept India at bay for 38.1 overs and 135 runs, giving them an outside chance at an improbable win - still 144 away with 40 overs to go - but Perera fell to a reverse-sweep four overs before new ball and tea.

Sept 01 (ESPNCI) India fast bowler Ishant Sharma and Sri Lankan players Dhammika Prasad, Dinesh Chandimal and Lahiru Thirimanne have been charged by the ICC for their roles in several angry exchanges during the fourth day of the SSC Test. "Details to be announced after the conclusion of the Test," the ICC said on Twitter. Ishant and Prasad faced off during the final session of the fourth day when Ishant, after being bounced several times by Prasad, smacked his helmet repeatedly while running down the pitch, as if asking the bowler to aim at his head.

India 312 & 274 Sri Lanka 201 & 134/5 (47 ov, target 386)

Sept 01 (ESPNCI) Angelo Mathews survived 137 balls, including a no-ball that he was caught off, but India got two of the seven wickets they began the day needing. India maintained the pressure through their quicks for the first 90 minutes, resulting in the wicket of Kaushal Silva, and spin brought them another in the last third of the session. In a series in which batsmen have continued repeating their dismissals, Silva fell to the short ball for the third time.


WORLD

Sept 01 (BBC) A second foreign suspect has been arrested in connection with the deadly bombing at a Bangkok shrine in August, the Thai prime minister has said. The male suspect was arrested in Sa Kaeo province, east of Bangkok on the border with Cambodia, Prayuth Chan-ocha told reporters.

More : WORLD

Sept 01 (BBC) China's factory activity contracted at its fastest pace in three years in August, confirming fears that the country's growth is continuing to slow. The official manufacturing purchasing managers' index (PMI) dropped to 49.7 from 50 in July.

Sept 01 (BBC) Nepalese police have shot dead five protesters in the south of the country angry at a draft constitution. Those killed belong to the Madhesi ethnic community, who are culturally close to Indians across the border.

Sept 01 (BBC) Indian authorities have accused internet giant Google of abusing its dominance in search advertising. The three year inquiry centres on complaints filed by several websites which claimed Google had been unfairly highlighting its own services.


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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