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[Last Updated = Tue, Mar 20, 2018, 10:52 am SL Time]
Sri Lanka Finance Minister hopes to promote business climate with new tax system

Mar 19 (CP) Colombo- Sri Lanka's new tax system, which will be effective from 1st of April would create a level playing field for everyone to do business promoting the business climate, Finance Minister Mangala Samaraweera said. A public awareness seminar on the new Inland Revenue Act that will be operational from 1st April 2018 was conducted today under the patronage of the Finance Minister.
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Mar 20 (CP) Chennai- India's Central government on Monday told the Madras High Court that there is no legal basis for India to invoke the jurisdiction of the International Court of Justice (ICJ).

Mar 20 (Island) Police yesterday denied media reports that there had been unrest in Madampe on Sunday following an incident where a 77-year-old person suffered injury after being pushed by 28-year-old man, who was under the influence of liquor.

Mar 20 (DN) Expressing views regarding the proposed amendments to the Judicature Act, the Attorney General yesterday informed the Supreme Court that the proposed Bill is not to establish a new High Court but to have certain court rooms having Benches of three judges of the High Court to only hear complex financial and economic crime cases expeditiously.

Mar 19 (CP) Colombo- Malaysian police in Sibu have rescued two Sri Lankan engineers last Saturday after they were allegedly tricked into forced labor by an employment agency. Madusanka Perera Edirisinghe and Dushan Kavinda De Silva, both 21, were promised jobs as ship engineers in Malaysia by an agent in Sri Lanka, official Bernama news agency reported.

Mar 19 (CP) Colombo- The Colombo Chief Magistrate's Court has issued warrants to arrest the National Freedom Front (NFF) leader parliamentarian Wimal Weerawansa and MP Jayantha Samaraweera and present them before the court.

Mar 19 (CP) Colombo- The Colombo Municipal Council (CMC) has sought assistance from the Police and the Military to catch people disposing solid waste indiscriminately at public places. Acting Municipal Council Commissioner Lalith Wickramaratne said strict legal action will be taken against those who engage in disposing garbage illegally violating waste management regulations.

* One dead, another injured in Armour Street shooting (19 - DM)
* Human rights officer arrested for abusing little girl (19 - Island)


Mar 19 (CP) Colombo- Sri Lankan President Maithripala Sirisena says some are working according to their personal agendas to gain political power and they are not interested in strengthening the peace and reconciliation or in solving the issues of the country.

Mar 19 (CP) Geneva- The United Nations Human Rights Council in Geneva on Monday adopted final report of Sri Lanka's review under the 3rd cycle of the Universal Periodic Review that took place in November 2017.

Mar 19 (CP) Washington, DC- The United States International Trade Commission (USITC) has decided to terminate the Antidumping and Countervailing Duty investigations on imports of rubber bands from Sri Lanka.


Mar 20 (CP) Colombo- Sri Lanka's tea production rose by 5 percent to 307 million kilograms last year from 292.5 million kilograms produced in 2016 with the export earnings rising to Rs 233 million (US$1.5 billion).

Mar 20 (CP) Colombo- Sri Lanka's Tourism Minister John Amaratunga has expressed confidence in exceeding this year's tourist arrival target of 2.5 million tourists. Amaratunga has said that he had urged the embassies to lift travel restrictions issued against Sri Lanka

Mar 20 (Island) Often, the finest dining a country has to offer is the local street fare that everyday people eat at. There is no better way to know a country than to hit the hawker food stalls offering all kinds of tasty flavors influenced by local culture.

Mar 20 (DM) DFCC Bank PLC has received the preliminary approval to list the Basel III-compliant sub-debt instruments worth up to Rs.7 billion, on the Colombo Stock Exchange.

Mar 20 (DN) The Colombo International Airport will soon see a reduction of landing charges, said Minister of Christian Affairs and Tourism John Amaratunge. Minister said that this is mainly to bring the Colombo airport charges in line with other neighbouring airports and also woo more airlines to fly to Colombo.

Mar 19 (Reuters) COLOMBO- Sri Lankan shares fell to their lowest close in nearly seven weeks on Monday, as investors sold diversified and manufacturing stocks on worries over slower economic growth, brokers said.

* Sri Lankan rupee hits record low on importer dollar demand (19 - Reuters)
* Sri Lankan tourism experts visit Queensland for 10-day study tour (19 - CP)
* Litro Gas benchmarked by top CNCI awards (19 - Island)
* Livelihood of over 300,000 tobacco farmer community in jeopardy (19 - DN)


Mar 20 (CP) Colombo- Establishment of Local Government Institutions will commence from today (20) and accordingly, local government bodies could be established within a month from today, the Ministry of Provincial Councils and Local Governments said.

Mar 20 (Island) The Joint Opposition (JO) has appealed for President Maithripala Sirisena’s support for the no-confidence motion (NCM) to be moved against Prime Minister Ranil Wickremesinghe. They said so addressing the media at former President Mahinda Rajapaksa’s office at Nelum Mawatha, Battaramulla.

Mar 20 (DM) Dismissing the popular view on the attitude of a majority of Sinhalese towards the attacks on Muslim-owned properties and mosques during the recent riots in Ampara town and the Kandy District, Elections Commission Chairman Mahinda Deshapriya claimed they seemed happy about what happened.

Mar 20 (DN) The United National Party (UNP) Parliamentary Group met Prime Minister Ranil Wickremesinghe at Temple Trees yesterday and extended their fullest support to him to continue in his post. The UNP Parliamentary Group during the meeting with the Prime Minister had said that if the Joint Opposition were to bring a No-Confidence Motion against the Prime Minister in Parliament, they were prepared to defeat it.

Mar 19 (CP) Colombo- Sri Lankan President Maithripala Sirisena on Monday (May 8) congratulated Russia's Vladimir Putin who was elected for another six years to lead the country after securing an expected landslide win at Sunday's presidential election, on his "solid victory".

Mar 19 (CP) Colombo- Sri Lanka Freedom party General Secretary and Agriculture Minister Duminda Dissanayake says he firmly opposes the No-Confidence Motion (NCM) to be tabled against the Prime Minister Ranil Wickremesinghe by the Joint Opposition (JO).

Mar 19 (CP) Colombo- The High Commissioner for Human Rights, as requested by the Human Rights Council in Resolution 34/1 of 23 March 2017, will present a written update to the Council on 21 March 2018 on the implementation of Resolution 30/1 of 1 October 2015 and reconciliation and human rights related issues in Sri Lanka.

Mar 19 (CP) Colombo- National Youth Front Chairman, parliamentarian Kavinda Jayawardene says that the no-confidence motion that is to be brought against the Prime Minister Ranil Wickremesinghe by the joint opposition will not receive any support from any United National Party (UNP) member of parliament.

Mar 19 (CP) Colombo- Several new artifacts have been found from a recent excavation at the Sigiriya Rock Fortress and a statue of a lion made from terracotta was among them. The excavation is currently underway in the northern water conduit of the Sigiriya Rock Fortress, Director General of the Central Cultural Fund (CCF) Prof. Prishantha Gunawardena said.

Mar 19 (WB) We have a strict ‘no jerks’ policy at the company where I work. It means we just don’t have room for people who bully or mock their co-workers. Our employees don’t invade each other’s personal space or make uninvited personal contact.

* All hospitals to be computerised by 2020 Electronic cards for Sri Lankans (19 - DN)
* JVP won’t help oust RW (19 - Island)
* Consensus among political parties to revert to PR system for PC polls (19 - DM)


Mar 19 (ESPNCI) The final of the Nidahas Trophy was played before a loud crowd, with the stadium at least two-thirds full despite the absence of the home team, Sri Lanka. A common fear for countries hosting tri-series is that games between neutral teams will be a hard sell. The atmosphere at the R Premadasa was, in part, fuelled by a resentment among the Sri Lanka supporters of the Bangladesh team,

Mar 19 (ESPNCI) Chamari Atapattu, fresh from her excursion in the Women's Big Bash League in Australia, will take over the captaincy from Inoka Ranaweera for Sri Lanka in the upcoming home series against Pakistan. Nipuni Hansika was named vice-captain. All eyes will be on 17-year old Kavisha Dilhari, who was discovered through an island-wide talent hunt.

Mar 19 (InUTH) In the Nidahas tri-series finale in Colombo last night, Rohit Sharma-led Team India defeated Bangladesh in a last-ball stunner. The R Premadasa Stadium was packed with Indian and Bangladeshi supporters but the energy levels of their Lankan counterparts was incomparable.

Mar 19 (HT) Shakib Al Hasan, the Bangladesh skipper, was booed by the crowd at the R Premadasa stadium on Sunday after his team suffered a heart-breaking four-wicket loss against India on Sunday. Chasing 167, India was rescued by a magnificent cameo of 29 from eight balls from Dinesh Karthik.


Mar 19 (ANI) Burmese politician and diplomat, Aung San Suu Kyi, has reportedly sought help with the ongoing Rohingya crisis, from Association of Southeast Asian Nations (ASEAN) nations and Australia, in a closed-door meeting.

Mar 19 (BBC) Vladimir Putin will lead Russia for another six years, after securing an expected victory in Sunday's presidential election. With almost all the ballots counted, he had received more than 76% of the vote, the central election commission said. The main opposition leader, Alexei Navalny, was barred from the race.

Mar 19 (BBC) The attorney general for the US state of Massachusetts is launching an investigation into alleged harvesting of Facebook profiles by a firm employed by Donald Trump's election campaign. Investigations by the Observer and New York Times newspapers claim details from 50 million profiles were gathered without the users' knowledge.

Mar 19 (BBC) Russia has been stockpiling the nerve agent used in the attack on an ex-spy and his daughter over the last decade, Foreign Secretary Boris Johnson says. He also dismissed a suggestion by Russia's EU ambassador that the agent might have come from a UK laboratory.

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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