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[Last Updated = Mon, Mar 30, 2015, 11:54 pm SL Time]
Sri Lanka is keen to attract foreign investment to stimulate growth - Finance Minister

Mar 30 (CP) Colombo- Sri Lanka is keen to attract foreign investment to stimulate export-led growth and help alleviate poverty, and therefore, needs to ease barriers of entry for foreign investment, the Finance Minister Ravi Karunanayake has said. Delivering the keynote address at the 18th Asian Investment Conference (AIC), held in Hong Kong last week, the Sri Lankan Minister said his government intends to revise investment rules to attract overseas flows and it will continue to forge trading relationships with other nations.
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Mar 30 (CP) Colombo- A Sri Lankan court has ordered to impound the passport of a Chinese executive of a Chinese engineering contractor, involved in several mega construction projects in the country. Colombo Chief Magistrate Gihan Pilapitiya has ordered to impound the passport of San Ya Peng, the Director of China Harbor Engineering Company Ltd. (CHEC) when he was presented in court.

Mar 30 (CP) Colombo- A court in Sri Lanka has today directed the police to arrest former Economic Development Minister Basil Rajapaksa upon his return to the country. Kaduwela Magistrate, Dhammika Hemapala issued the order Monday to arrest the younger brother of the former President Mahinda Rajapaksa.

** Related Story ::Police unable to deliver court order to former President's brother Basil Rajapaksa

Mar 30 (CP) Colombo- A British woman has been killed after falling off of a moving train in Sri Lanka, while riding on the foot board of the train, local media reported. The unidentified woman was reportedly riding on the foot board of the train, which was heading towards, Colombo when she fell off in Payagala and died.

Mar 30 (CP) Colombo- The Financial Crime Investigation Division (FCID) of Sri Lanka police has questioned the former Governor of Central Bank Ajith Nivard Cabraal in connection with the controversial hedging deal. Police Media Spokesman ASP Ruwan Gunasekara said the FCID has recorded a statement from the former governor today.

Mar 30 (PTI) Sri Lanka's new government today warned that there is a real danger that the LTTE could regroup and wage another war for an independent Tamil homeland, six years after they were militarily defeated.

Mar 30 (Island) A smuggler who had brought Rs. 13.3 million worth of gold from Dubai was nabbed during the early hours of Saturday when he attempted to take out the contraband with the help of a customs officer. The smuggler from Kalmunai having returned to Colombo with about three kilos of gold jewellery handed over the contraband to the customs official in a toilet.

Mar 30 (DN) Police have arrested a suspect over the killing of the Rathgama Pradeshiya Sabha Chairman. The suspect, who is believed to be the driver of the vehicle which was used for the murder was arrested on yesterday, March 29, the Police Media Unit said. The Police said he would be produced for an identification parade.

Mar 29 (CP) Colombo- A group of motorcyclists in Sri Lanka today held a protest in Colombo against the government's announcement of the ban on full face helmets. The protest against the ban on full face helmets was held at the Galle Face Green in Colombo. The motorcyclists also traveled to hand over a petition to the Prime Minister's office.

Mar 29 (CP) Colombo- The Sri Lanka Police have today raided a house in Narahenpita and taken into custody eight persons including a lawyer under suspicion of producing a defamatory documentary on Sri Lanka Army.

Mar 29 (CP) Colombo- Sri Lanka Navy, in accordance with naval traditions, ceremonially welcomed three Russian naval ships arrived at the Port of Colombo Saturday. The three Russian naval ships of the Pacific Fleet "Admiral Panteleev", "Pechenga" and "SB-522", arrived at the Port of Colombo on 28th March 2015 for replenishment and crews' relaxation, Sri Lanka Navy said.(Sri Lanka Navy Photo)

Mar 29 (Asian Age) Following a change in regime in Sri Lanka, India intelligence agencies will engage with their Sri Lankan counterparts to crack down on what they describe as the “growing influence of the Inter-Services Intelligence (ISI)” in the region, particularly with the active support of the staff of Pakistan’s embassy in Colombo.

* Police explain why Dr. Wijeratne was released on police bail (29 - ST)
* Ex SLAF Cdr grilled on purchase decision (29 - SO)


Mar 30 (CP) Colombo- Fulfilling a pledge given in the 100-day plan of the new Sri Lankan government, the government commenced a program to provide free Wi-Fi facility to all the people in the country. Sri Lankan Prime Minister Ranil Wickremasinghe accompanied by Foreign Affairs Minister Mangala Samaraweera launched the program opening the first free Wi-Fi facility at the Colombo Fort Railway Station.

Mar 30 (CP) Colombo- Within a day after Sri Lanka and the European Union (EU) held discussions in Colombo to reinstate the sought after GSP Plus trade concession to boost Sri Lanka's apparel exports, another coveted technical breakthrough has been extended to Sri Lanka through a surging EU economy, Ministry of Industry and Commerce said in a statement.

Mar 30 (CP) Colombo- The International Cricket Council (ICC) today announced the team of the ICC Cricket World Cup 2015 and Sri Lanka's prolific batsman Kumar Sangakkara has been selected as the wicketkeeper-batsman.


Mar 30 (CP) Colombo- Sri Lanka's five star hotel, Cinnamon Lakeside, overlooking the Beira Lake in downtown Colombo, will be partially closed from Monday, the hotel management Trans Asia Hotels said in a statement.

Mar 30 (CP) Colombo- The Urban Development Authority (UDA) of Sri Lanka is reportedly struggling to continue the payment of rents for 582 families evicted to make way for India's Tata Housing company's US$ 429.5 million mixed development project in Slave Island district of Colombo.

** Related Story ::Tata Housing warns Sri Lankan government's plans to review its project erode investor confidence

Mar 30 (CP) Colombo- Sri Lanka's Hatton National Bank has entered into a landmark agreement with the Asian Development Bank (ADB) to raise US$ 100 million by way of a seven-year senior debt. This is the largest transaction by ADB with a Sri Lankan private sector bank

Mar 30 (Reuters) Sri Lankan shares fell for a sixth straight session on Monday and closed at their lowest in more than eight months as mostly retail investors sold their stocks to settle margin trading, while political worries also weighed on sentiment.

Mar 30 (Island) With a call to quadruple bilateral trade to $1 Bn, Sri Lanka and Vietnam inked the minutes of the successful first official joint trade meet on the eve of 26 March in Colombo. Interestingly, private sector players of the communist party state Vietnam are enlisted to take the lead in Sri Lanka's opening to ASEAN's rising economy.

Mar 30 (DN) Notching a host of record breaking numbers, People’s Bank closed 2014 with an impressive performance, posting the milestone of Rs 1 trillion in its balance sheet, only the second bank in Sri Lanka to do so.

Mar 30 (LBO) Sri Lanka’s future should be based on a knowledge based industry which will enable the Island to attract more investors, deputy Minister of highways, higher education and investments promotions, Eran Wickramaratne said.

Mar 29 (CP) Colombo- The Securities and Exchange Commission (SEC) of Sri Lanka is reportedly reopening investigations in to cases that were closed during the former regime. These cases involve alleged malpractices especially when files were closed due to 'insufficient' information.

* Free Wi-Fi from tomorrow at 26 public locations in Sri Lanka (29 - CP)
* SEC probes take a decisive turn (29 - ST)
* Business community disheartened with Govt (29 - SO)


Mar 30 (CP) Colombo- A complaint has been lodged against the Industries and Commerce Minister Rishad Bathiudeen at the Commission to Investigate Allegations of Bribery or Corruption. The complaint was lodged by the Sinhala National Front against the Minister for allegedly obtaining lands in the Wilpattu National Park.

Mar 30 (CP) Colombo- Sri Lanka's Ministry of External Affairs has asked the United Nations to assist evacuating Sri Lankan migrant workers in Yemen amid growing unrest in Yemen as Saudi air strikes against the rebels continued. According to the Foreign Ministry, over 120 Sri Lankan maids have been stranded near the Yemeni capital Sanaa and are awaiting repatriation.

Mar 30 (CP) Colombo- Prime Minister of Sri Lanka Ranil Wickremesinghe is to hold a discussion at Temple Trees this evening with leaders of political parties on the proposed electoral reforms. Elections Commissioner Mahinda Deshapriya is also scheduled to participate in the meeting today.

Mar 30 (CP) Colombo- A senior minister of the Sri Lankan government says that the Central Bank Governor should resign from the post since the Bank has lost its credibility over the recent events. Higher Education Minister and former Deputy Finance Minister Dr. Sarath Amunugama has said that the Central Bank Governor should resign.

Mar 30 (CP) Colombo- The Sri Lankan government has decided to recommence all the main and provincial road development projects in the island nation with China, a senior government official has said. According to the Ministry official, extension of the Southern Expressway is one of the projects to immediately recommence work.

Mar 30 (CP) Colombo- The University Grants Commission of Sri Lanka has appointed Professor Lalitha Mendis as the Acting Vice Chancellor at the University of Colombo following the leave of Vice Chancellor Dr. Kumara Hirimburegama.

Mar 30 (Island) KANDY – Former Mayor and member of the Kandy Municipal Council Raja Pushpakumara (UNP) told its meeting last Friday (27) that it had been proposed to construct a motorable road through the Udawattekele forest reserve to connect Tennekumbura road at Buwelikada as an alternative to road that has been closed for vehicular traffic near Sri Dalada Maligawa.

Mar 30 (DN) Power and Energy Minister Patali Champika Ranawaka yesterday requested to directly report to him about any group or individual that demands ransoms or commissions in the power and energy sector. Addressing a general

Mar 29 (CP) Colombo- Expert in constitutional law in Sri Lanka, President's Counsel Jayampathy Wickramaratne says that imposing conditions to support the proposed reforms to the executive presidency is unethical.

Mar 29 (CP) Colombo- Sri Lanka's Marxist party, Janatha Vimukthi Peramuna (JVP) has said the party wanted the next general election to be held under the proportional representative (PR) system.

** Related Story ::Marxist party opposes changing Sri Lanka's electoral system

Mar 29 (CP) Colombo- The Sri Lankan government has decided to extend the official term of local government bodies which was due to expire by the end of this month. Accordingly, the term of 234 local government bodies that was due to end 31st of March has been extended until the 15th of May.

Mar 29 (CP) Colombo- The United Nations Special Rapporteur on Truth, Justice, Reparations and Guarantees of Non-Recurrence, Pablo de Greiff arrived in Sri Lanka on Sunday, for a six-day visit on an invitation of the Sri Lankan government.

Mar 29 (CP) Kilinochchi- Sri Lanka's new Prime Minister Ranil Wickremesinghe, who is engaged in three-day tour in the conflict-affected Northern Province, said the civil administration in the North should be strengthened to achieve reconciliation among the communities.

Mar 29 (CP) Kilinochchi- Sri Lanka's Prime Minister Ranil Wickramasinghe has instructed the relevant Authorities to take immediate steps to renovate five main irrigation reservoirs in the conflict-affected north.

Mar 29 (OL) Sri Lanka has backed China's surprise initiative to make India an important component of a regional cooperation to address New Delhi's concerns over Chinese involvement in large-scale projects in the country, a senior Sri Lankan minister has said.

* Sri Lankan PM to meet Tamil party legislators of Northern Province today (29 - CP)
* Significant changes in 19A; any MP can act for President (29 - ST)
* No disciplinary action against SLFP politicos (29 - SO)


Mar 30 (AP) ISLAMABAD— Pakistan named Azhar Ali as captain for limited-overs cricket on Monday after ignoring the middle-order batsman for the Cricket World Cup, where it was eliminated in the quarterfinal. Ali, who played the last of his 14 one-day internationals in 2013, replaces Misbah-ul-Haq, who has retired from ODIs. Misbah will continue to lead in test matches, where Ali will be vice-captain.


Mar 30 (CP) Colombo- Prime Minister of Sri Lanka Ranil Wickremesinghe says that an interim committee will be appointed to run the cricket board, Sri Lanka Cricket (SLC). Wickremesinghe said that Sri Lanka Cricket which has been dissolved will be administered by an interim committee till the investigations into corrupt deals are completed.

Mar 30 (ICC) Brendon McCullum named captain of the side that includes five New Zealanders The International Cricket Council (ICC) today announced the team of the ICC Cricket World Cup 2015 with Brendon McCullum as its captain. McCullum was chosen as the captain following his aggressive, innovative and inspirational leadership during the 44-day tournament that was the cornerstone of his team’s progression to the final where it lost to Australia by seven wickets.

Mar 30 (BBC) Just before the 2011 World Cup, the Australian Daily Telegraph ran a vote asking fans who should be the captain of the national cricket team. Michael Clarke came fourth. Four years later, Clarke was grasping the trophy under a shower of golden tickertape in front of 93,000 at the Melbourne Cricket Ground, a highlight of his career perhaps only bettered by the 5-0 Ashes whitewash he led a year ago.


Mar 30 (WP) A rhinoceros entered the town of Hetuada in southern Nepal on Monday, creating chaos and killing at least one person. The wild creature's rampage was documented by a number of social media users.

More : WORLD

Mar 30 (BBC) More than 1,000 men have reportedly been arrested in India's Bihar state over the use of impersonators and false papers for police recruitment tests. The fraud was uncovered when identity papers and fingerprints provided for different tests did not match up, a police official told AFP news agency.

Mar 30 (BBC) A blogger has been hacked to death in the Bangladeshi capital, Dhaka, a month after a prominent atheist writer was killed in a similar attack. Washiqur Rahman was attacked close to his home in Dhaka's Begunbari area, a police official told AFP news agency.

Mar 29 (Dawn) ISLAMABAD- The Foreign Office said on Saturday a convoy of about 600 Pakistanis was close to Yemeni port city of Al-Hodeida from where they would be evacuated. “A convoy of 600 Pakistanis including Pakistani ambassador in Yemen Dr Irfan Shami is moving towards Al-Hodeida, where arrangements for their brief stay before their return journey to Pakistan have been made,” Foreign Secretary Aizaz Chaudhry said.

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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