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  Sri Lanka needs more private sector involvement in development to become an upper middle-income country - WB Director

Feb 23, Colombo: While Sri Lanka in many ways has been a development success story since its independence 70 years ago, the island nation still faces some critical challenges as it strives to transition to another stage of its development and become a competitive upper middle-income country, according to the World Bank Country Director for Sri Lanka and Maldives Dr. Idah Z. Pswarayi-Riddihough.

In a blog post titled "Sri Lanka at 70: Looking back and forward", the World Bank Country Director observes that the country's current overreliance on the public-sector as the main engine for growth and investment, from infrastructure to healthcare, is reaching its limits.

 UN resident coordinator in Sri Lanka Una McCauley passes away suddenly:
Feb 23, Colombo: The United Nations Resident Representative in Sri Lanka Una McCauley has passed away suddenly at age 54, the UN office in Sri Lanka announced.

 Sri Lanka Cabinet reshuffle expected on Sunday:
Feb 23, Colombo: The Sri Lankan government's anticipated cabinet reshuffle will be held on Sunday, said the Minister of Health, Nutrition and Indigenous Medicine, and cabinet spokesman, Dr Rajitha Senaratne, today (23).
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 Sri Lanka's former Defense Secretary files revision petition requesting to discharge him from Avant Garde case:
Feb 23, Colombo: Sri Lanka's former Defense Secretary Gotabhaya Rajapaksa has filed a revision petition in the Appellate Court today requesting the court to release him and seven other dependents from the charges filed by the bribery Commission over the floating armory of the Avant Garde Maritime Services.

 Sri Lanka Prime Minister meets with young party members to discuss a new UNP leadership :
Feb 23, Colombo: Sri Lanka's Prime Minister and the leader of the United National Party today held a meeting with the younger members of his party to discuss future plans of the UNP and the Government leadership of the party.

 UN Migration Agency, Sri Lanka explore ways forward on conflict victim reparations :
Feb 23, Colombo: IOM, the UN Migration Agency, and the Sri Lankan Secretariat for Coordinating the Reconciliation Mechanism (SCRM), from February 22-23 hosted a two-day international conference on reparations for conflict victims in Colombo, Sri Lanka.

 Sri Lanka's Commercial Bank ends 2017 on exceptionally strong footing, PBT up by 18 percent:
Feb 23, Colombo: The Commercial Bank of Ceylon PLC has posted profit before VAT and NBT of Rs 28.064 billion for the year ending 31st December 2017 reflecting growth of 18.14%, a performance the Bank attributes to substantial core business growth through adherence to the fundamentals of 'pure banking.'

 Sri Lanka raises import levy on imported potatoes:
Feb 23, Colombo: The special commodity import Levy imposed on imported potatoes has been increased from Rs. 1 to Rs 30 per kilogram with effect from midnight Friday (23), the Finance Ministry announced.

 Sri Lankan President invited for the International Solar Summit in New Delhi:
Feb 23, Colombo: India has invited Sri Lankan President Maithripala Sirisena to attend the International Solar Alliance (ISA) Founding Conference and Solar Summit scheduled to be held in New Delhi on 11 March 2018.

 Sri Lanka Army appoints Court-of-Inquiry to probe grenade explosion in bus:
Feb 23, Colombo: Sri Lanka Army has appointed a six-member Court-of-Inquiry to probe Wednesday's grenade explosion in a passenger bus in Kahagolla, Diyathalawa that injured 19 people including seven Army personnel and 5 Air Force personnel.

 Sri Lanka's ex-diplomat Udayanga Weeratunga issued Interpol Red Notice:
Feb 23, Colombo: INTERPOL had issued a Red Notice on former Sri Lankan Ambassador to Russia, Udayanga Weeratunga as a wanted person by the Sri Lankan authorities, Police Media Spokesman SP Ruwan Gunasekara said.

  Ceylinco Life's net profit surges 95-pct to Rs.6 Bn:
Feb 23, Colombo: Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri Lanka's life insurance industry for the 14th successive year, with premium income of Rs 15.7 billion.

 Sri Lanka Opposition Leader apprises U.S. lawmaker on political situation after local government election:
Feb 23, Colombo: The visiting United States member of Congress F. James Sensenbrenner and his Chief of Staff Matt Bisenius have met with the Leader of the Opposition and the Tamil National Alliance R. Sampanthan on Thursday at the Office of the Leader of the Opposition in Parliament.

 Significant changes in UNP ministerial portfolios expected in cabinet reshuffle:
Feb 23, Colombo: Significant changes in the ministerial portfolios assigned to the United national Party (UNP) are expected in the anticipated second cabinet reshuffle of the Sri Lankan government, sources say.

  Sri Lanka needs more private sector involvement in development to become an upper middle-income country - WB Director:
Feb 23, Colombo: While Sri Lanka in many ways has been a development success story since its independence 70 years ago, the island nation still faces some critical challenges as it strives to transition to another stage of its development and become a competitive upper middle-income country, according to the World Bank Country Director for Sri Lanka and Maldives Dr. Idah Z. Pswarayi-Riddihough.

  Indian government announces scholarships for Sri Lankan students to study Hindi in India:
Feb 23, Colombo: The Ministry of Human Resource Development, Government of India is offering scholarships to Sri Lankan nationals to study Hindi at the Kendriya Hindi Sansthan (Central Institute of Hindi), Agra, for the academic session 2018-2019.

 Sparking Young Creativity: IgniterSpace celebrates two years of social impact with three major accolades:
Feb 23, Colombo: When software engineer Hasith Yaggahavita founded IgniterSpace, together with two colleagues, he was simply making up for the lack of a good creative education- or more specifically, 'makerspace'- programs to enroll his own kids in.

 Wycliffe Gordon in Colombo to Jazz up 70 years of U.S - Sri Lankan partnership #USASL70:
Feb 23, Colombo: Celebrated New York City jazz artist Wycliffe Gordon is in Sri Lanka to premiere a special composition commissioned by the U.S. Embassy celebrating 70 years of U.S - Sri Lankan partnership (#USASL70).

 Fundamental Rights petition of former transport minister Kumara Welgama postponed for 15th Oct:
Feb 22, Colombo: Sri Lanka Supreme court has postponed the hearing of a fundamental rights petition filed by joint opposition parliamentarian Kumara Welgama seeking the issue of an order preventing his arrest by the Police Financial Investigations Crime Division (FCID) to 15th October.

 National Economic Council focuses on introducing a new policy on fertilizer subsidy:
Feb 22, Colombo: The National Economic Council (NEC) appointed by the President Maithripala Sirisena to take decisions on strengthening national economy has focused its attention on introducing a new policy for providing the fertilizer subsidy in order to minimize the problems farmers are facing.
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 Diyathalawa bus explosion: Police record statements from 13 people :
Feb 22, Colombo: Sri Lanka Police have recorded statements from 13 people on the explosion of a hand grenade in a private passenger bus in Kahagolla area of Diyathalawa yesterday.

  Sri Lanka Navy senior officer ordered to appear before CID in case of 11 missing youth:
Feb 22, Colombo: A Sri Lankan court on Thursday ordered a senior navy officer to appear before the Criminal Investigations Department (CID) of police for questioning in connection with the abduction and disappearance of 11 youth, including Tamils.

 Sri Lankan High commissioner to UK has not resigned - Foreign Ministry:
Feb 22, Colombo: Sri Lanka's Foreign Affairs Ministry denied media reports that island's High Commissioner to the United Kingdom Amari Wijewardene has rendered her resignation.

 US Pacific Partnership mission to return to Sri Lanka for a second time:
Feb 22, Colombo: The Asia-Pacific’s largest humanitarian assistance and disaster-relief preparedness mission will return to Sri Lanka for a second time as the United States continues to cultivate partnerships in the region, according to the U.S. military's news source Stars and Stripes.

  Sri Lanka shows only slight improvement in reducing corruption in 2017:
Feb 22, Colombo: Sri Lanka has been successful in its efforts to reduce corruption in 2017 albeit slightly as the country improved its ranks by four notches on the 2017 Corruption Perception Index released on Wednesday by Transparency International, the global movement against corruption.

  Sri Lanka December 2017 trade deficit surpasses US$ 1 billion mark despite double-digit growth in exports:
Feb 22, Colombo: Despite a double-digit growth in exports surpassing US$ 1 billion for the fifth time in the year, Sri Lanka's trade deficit also widened to exceed US$ 2 billion mark in December 2017, according to the Central Bank data released in its External Sector Performance Review on Thursday.
 Technical Group meeting of the G-24 countries in Colombo on February 27:
Feb 22, Colombo: The two-day Technical Group Meeting of the G- 24 countries will be inaugurated by the Minister of Finance and Mass Media Mangala Samaraweera at 9.00 am on February 27, at the BMICH in Colombo.
 Japanese company awarded contract to construct 3rd phase of Sri Lanka's Central Expressway:
Feb 22, Colombo: The Sri Lankan Government has received the cabinet approval to award the contract for the construction of the 3rd phase of Central Expressway to M/S Taisei Corporation of Japan.
 Government to provide relief to environment friendly polythene products manufacturers:
Feb 22, Colombo: The Central Environment Authority of Sri Lanka says measures have been initiated to provide relief to the biodegradable polythene manufacturers.
 National Chamber hosts workshop on 'Import Procedures and Documentation' on February 28:
Feb 22, Colombo The National Chamber of Commerce of Sri Lanka (NCCSL) will hold a one-day workshop on "Import Procedures and Documentation" with special attention on WTO Goods Valuation Agreement, WTO Trade Facilitation Agreement (TFA) and Goods Classification and Harmonized System.
 India International Textiles Expo- Colombo 2018 opens :
Feb 21, Colombo: The India International Textiles Expo (IITExpo) - Colombo 2018-Exhibition cum Buyer Seller Meet organized by the Powerloom Development and Export Promotion Council (PDEXCIL) of India was inaugurated at Hotel Galadari today.
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 Government to prioritize projects in fields most effective to public:
Feb 21, Colombo: Co-cabinet spokesman Minister Dr. Rajitha Senaratne said a ministerial subcommittee was appointed to provide a report regarding the projects which are to be given priority pertaining on the fields of most effective on the general public within the next two years.
 SAITM students to be enrolled in Kotelawala Defense University :
Feb 21, Colombo: It has been decided to enroll the students of the Medical Faculty of the abolished South Asian Institute of Technology and Medicine (SAITM) in the Medical Faculty of the General Sir John Kotelawala Defense University (KDU).
 Diyathalawa bus explosion: grenade was in a soldier's bag - police:
Feb 21, Colombo: Sri Lanka Police say preliminary investigations have revealed that the explosion in a private bus early this morning in Diyathalawa was caused by a grenade that had been carried by an Army solider in his luggage.
 Sri Lanka unity government will continue, agreement still valid - PM:
Feb 21, Colombo: Sri Lanka's Prime Minister Ranil Wickremesinghe says the agreement between the United National Party led by him and the Sri Lanka Freedom Party led by President Maithripala Sirisena forming the national government is still valid and will continue to function.
 Sri Lanka summons defense attaché at London to Colombo :
Feb 21, Colombo: Brigadier Priyankara Fernando, the Defense Advisor at Sri Lanka High Commission in London, has been summoned to Colombo.
 EU urges Sri Lankan government to honor commitments to OMP and transnational justice:
Feb 21, Colombo: The European Union (EU) says the Sri Lankan Government must honor their commitments on the Office of Missing Persons (OMP) and Transitional Justice.
 President stresses improving efficiency of Mahaweli projects to benefit farmer community:
Feb 21, Colombo: Sri Lanka President Maithripala Sirisena has stressed the importance of improving the efficiency and regulating the Mahaweli projects to provide quick benefits to the farmer community.
 Sri Lanka nationwide inflation declines to 5.4 percent in January 2018:
Feb 21, Colombo: Sri Lanka's nationwide inflation in January 2018 determined under the National Consumer Price Index (NCPI) declined to 5.4 percent from 7.3 percent recorded in December 2017 on an year-on-year basis, the Department of Census and Statistics reported Wednesday.
 Plan to develop Ratmalana Airport to provide efficient international flight services:
Feb 21, Colombo: The Sri Lankan government has drawn up a master plan to develop the Ratmalana Airport to provide efficient domestic and international flight services.
 Amãna Bank profit-after-tax tops Rs. 500 mn, records 10-fold growth:
Feb 21, Colombo: Amãna Bank completed a successful 2017 by achieving a Profit After Tax of Rs. 502.8 million, reflecting a remarkable YoY growth from Rs. 40.6 million in 2016. Profit Before Tax for the same period showcased a 619% growth to read at Rs. 739.3 million.
 Army denies any terrorist involvement in Diyathalawa bus fire, 12 security forces personnel among 19 injured :
Feb 21, Colombo: A fire and a subsequent explosion in a private passenger bus travelling from Jaffna to Diyathalawa injured 19 passengers including 12 security force personnel.
  Sri Lanka's Unity government's second Cabinet reshuffle is expected tomorrow:
Feb 21, Colombo: The second Cabinet reshuffle of the unity government will take place on Thursday, February 22, state media reports.
  Education Minister says will recruit permanent principals to national schools promptly :
Feb 21, Colombo: Sri Lanka's Minister of Education Akila Viraj Kariyawasam said in parliament on Tuesday that the gazette notification for the recruitment of permanent principals to national schools in the island will be issued in the next few days.
 New Tamil TV channel launched to foster national unity and reconciliation :
Feb 20, Colombo: Sri Lanka national television Rupavahini Corporation's new Tamil channel Nethra, aimed at fostering national unity and reconciliation, was declared open by President Maithripala Sirisena today at the Rupavahini Complex in Colombo.
  Sri Lanka Navy assists repatriation of 109 Indian and 6 Sri Lankan fishermen released from detention:
Feb 20, Colombo: Sri Lanka Navy assisted the repatriation of 109 Indian fishermen released from Sri Lankan custody on Tuesday and brought back six Sri Lankan fishermen released from Indian custody.
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 No power to change women's representation - CaFFE:
Feb 20, Colombo: Sri Lanka election watchdog, Campaign for Free and Fair Elections (CaFFE) says the allegation that the number of local council members has increased due to female representation is unacceptable.
  Sri Lanka Speaker to make a special statement on unity government tomorrow:
Feb 20, Colombo: Sri Lanka's Speaker of Parliament Karu Jayasuriya told Parliament he will issue a special statement tomorrow (21) regarding the agreement between the United National Party (UNP) and the Sri Lanka Freedom Party (SLFP) on the term of the national unity government.
 Over 3,000 died in road accidents in Sri Lanka last year:
Feb 20, Colombo: Sri Lank Police Headquarters say nearly 40,000 road accidents have been reported last year because of pedestrians as well as the motorists do not comply with the traffic rules.
 Sri Lanka's Muslim party ACMC calls for leaders to unite for a stable government :
Feb 20, Colombo: Sri Lanka's Muslim party, All Ceylon Makkal Congress (ACMC), today called for the President and the Prime Minister to unite for a stable government.
  First draft of National Sustainability Dialogue presented to President:
Feb 20, Colombo: The first draft of National Sustainability Dialogue was presented to President Maithripala Sirisena on Tuesday (Feb 20) at the Presidential secretariat.
 Sri Lankan government to finalize a new economic program by next week:
Feb 20, Colombo: Sri Lankan President Maithripala Sirisena chaired a meeting on Tuesday at the Presidential secretariat with the Prime Minister Ranil Wickremesinghe and other senior government officials to discuss the economic development of the country.
 Sri Lanka Opposition Leader slams former president for misleading people on ethnic issue :
Feb 20, Colombo: Sri Lanka's Opposition Leader and leader of the Tamil National Alliance R Sampanthan slammed the former president Mahinda Rajapaksa for misleading the public on the ethnic issue during the local government election campaign for "cheap political gain".
 Sri Lanka election monitor calls on government to hold Provincial Council Elections in April:
Feb 20, Colombo: Sri Lanka election monitor Campaign for Free and Fair Elections (CaFFE) calls on the government to hold the Provincial Council Elections in April this year.
 DFCC Bank profit after tax up by 34 percent in FY 2017:
Feb 20, 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.
 Ranil was Prime Minister before the national government - Jayampathy:
Feb 20, 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.
 Sri Lankan executive in India arrested for sexually assaulting a tribal woman employee :
Feb 19, 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.
  Corruption case against Wimal Weerawansa postponed to May 16:
Feb 19, 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.
 Iranian Navy ships depart Colombo Port in Sri Lanka after successful tour:
Feb 19, 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.
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 Delimitation Committee on Provincial Councils hands over report to Minister:
Feb 19, 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.
 Sri Lanka parliament debates Code of Conduct for parliamentarians and revising Standing Orders after 24 years:
Feb 19, 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.
  Significant increase in container handling operations at Colombo Port this year:
Feb 19, 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.
 Sri Lanka President's party decides to stay in unity government ending political crisis:
Feb 19, 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.
 Parties to be officially notified of number of members elected to local councils soon:
Feb 19, 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.
 Sri Lanka parliament to debate current political crisis :
Feb 19, 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.
 Technology is Eating the World: How technology dominates the customer experience and changes industries:
Feb 19, 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"
 First segment of Sri Lanka army troops 12th contingent leave for Lebanon on UN peacekeeping:
Feb 19, 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.
 Doha Bank CEO honored with 'Award of Excellence' by Sri Lanka:
Feb 19, Doha: The government of Sri Lanka has bestowed an 'Award of Excellence' to Doha Bank CEO Dr R Seetharaman during a recently-held cultural program in Doha.
  PM says will step down only if lost by a no-confidence vote - report:
Feb 18, Colombo: Sri Lanka's Prime Minister and the leader of the United National Party, Ranil Wickremesinghe has told President Maithripala Sirisena that he will not resign from the Prime Minister post unless he lost in a no-confidence motion passed in parliament.
 SLFP decides to leave coalition government - report:
Feb 18, Colombo: One of the major parties in Sri Lanka's coalition government, Sri Lanka Freedom Party (SLFP) led by President Maithripala Sirisena has decided to leave the unity government, reports from Colombo say.
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 Nearly 4,000 Sri Lankan migrant workers return home from Kuwait:
Feb 18, Colombo: Nearly 4,000 Sri Lankan migrant workers who have been overstaying in Kuwait are getting ready to return or have returned to the island within the grace period provided by the Kuwait government, the Sri Lanka Bureau of Foreign Employment said.
  UN welcomes decision adopted under Sri Lanka's Presidency to advance work of the Conference on Disarmament :
Feb 18, Geneva: The Conference on Disarmament (CD) presided over by Sri Lanka's Permanent Representative to the UN in Geneva, Ambassador Ravinatha Aryasinha has adopted a decision to establish five subsidiary bodies to discuss all items in its agenda, with a view to advance the substantive work of the Conference.
 Sri Lanka, UAE sign MoU on cooperation in labor sector facilitating recruitment of domestic workers:
Feb 18, Abu Dhabi: The United Arab Emirates (UAE) and Sri Lanka have signed a Memorandum of Understanding (MoU) to foster cooperation in the labor and manpower fields facilitating the recruitment of domestic workers.
  John Keells Properties retains bullish streak on real estate with new residential development TRI-ZEN:
Feb 18, Colombo: Connecting the dots between peace of mind, life in the city and liveable space, John Keells Properties announced the launch of 'TRI-ZEN', a new residential property on Union Place.
 Fatal shooting in Thalangama kills husband, wife injured:
Feb 18, Colombo: Two persons were injured in a shooting that took place at Wimalatissa Mawatha in Thalangama this morning and were admitted to the Colombo National Hospital.
  FTA with Singapore makes Sri Lanka an attractive digital logistics hub - Minister Malik Samarawickrama:
Feb 18, Colombo: Sri Lanka's IT industry has been one of the most remarkable success stories in the country's economy, Minister of Development Strategies and International Trade, Malik Samarawickrama said.
 Sri Lanka PM summons all UNP MPs for talks :
Feb 18, Colombo: Sri Lanka's Prime Minister and the leader of the United National Party (UNP) Ranil Wickremesinghe has summoned all UNP parliamentarians for crucial talks this morning.
 Government to amend Laws on local government :
Feb 18, Colombo: The Sri Lankan government plans to amend Municipal Council Ordinance, Urban Councils Ordinance and the Pradeshiya Sabha Act to keep with the needs of the time, according to the Government Information Department.
 Sri Lanka election monitors say post-election violence seen increased :
Feb 18, Colombo: Sri Lanka's election watchdogs say the number of incidents of violence reported in the period after the local Government Elections on February 10th has seen an increase compared to the previous elections.
 UNP backbenchers meet to discuss a solution, show support to PM:
Feb 17, Colombo: A meeting of the United National Party (UNP) backbench parliamentarians has taken place at the Temple Trees today to discuss a solution to the present political stalemate.
 Sri Lanka to enter into a research cooperation agreement with International Agency for Research on Cancer :
Feb 17, Colombo: The Sri Lankan government has received the cabinet nod to enter into a research cooperation agreement with the World Health Organization's International Agency for Research on Cancer (IARC).
 Sri Lanka to get assistance from U.S. Peace Corps to improve English language education:
Feb 17, Colombo: The government is considering obtaining the assistance of United States Peace Corps, a volunteer program run by the U.S. government, to improve the English education in Sri Lanka.
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  Sri Lanka, Poland agree to increase air links, bilateral cooperation:
Feb 17, Colombo: Sri Lanka and Poland have agreed to enhance bilateral cooperation on a number of fields for the mutual benefit of the two countries.
 Sri Lanka's Chief Prelates call on leaders to continue unity government and fulfill promises made to people :
Feb 17, Colombo: Sri Lanka's influential Mahanayake Theras (Chief Prelates) of the Malwathu and Asgiri Chapters have urged President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe to promptly resolve the political crisis emerged after the local government elections without allowing the nation to be destabilized.
 Further economic grants to Sri Lanka from US Millennium Challenge Corporation:
Feb 17, Colombo: Following its competitive selection by the US Millennium Challenge Corporation (MCC) for grant assistance, the Government of Sri Lanka (GoSL) is now focusing on improving transport infrastructure and land administration in the country, consistent with the government's Vision 2025.
 Thailand to seek cabinet approval to sign FTA with Sri Lanka:
Feb 17, Colombo: Thailand is keen to sign a Free Trade Agreement (FTA) with Sri Lanka and the Commerce Ministry will seek cabinet approval for the negotiations, a top Thai government official says.
  Sri Lanka sets out framework to improve compliance with Anti-Money Laundering standards:
Feb 17, Colombo: Sri Lanka has set out a sound framework to bring the commitment and coordination of all the stakeholders in the country to enhance the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Standards in order to improve its compliance and the country rating, the Central Bank said.
 State Minister Eran Wickramaratne attends global tax conference in New York:
Feb 17, Colombo: State Minister of Finance Eran Wickramaratne, is representing Sri Lanka at the First Global Conference of the Platform for Collaboration on Tax- Taxation and the Sustainable Development Goals at the United Nations Headquarters in New York.
 Former police OIC, DIG arrested over Lasantha Wickrematunge's killing turn into state witnesses:
Feb 17, Colombo: Former Senior Superintendent of Police (SSP) in charge of Mount Lavinia area Hemantha Adhikari has volunteered to make a statement regarding the murder of the editor of The Sunday Leader Lasantha Wickrematunge.
 25 percent quota for women has to be implemented immediately - Colombo Mayor elect Rosy Senanayake:
Feb 16, Colombo: The United National Party mayor-elect for the Colombo Municipal Council Rosy Senanayake has urged the Chairman of the Election Commission Mahinda Deshapriya to immediately implement the requirement of 25 percent quota for women in the local government authorities.
 Warrant issued to arrest Sri Lanka's former Sri Lankan ambassador to US Jaliya Wickramasuriya:
Feb 16, Colombo: The Colombo Fort Magistrate today reissued a warrant to arrest former Sri Lankan Ambassador to the United States Jaliya Wickramasuriya for failing to appear before Court.
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 Legal experts point out that President does not have power to remove Prime Minister :
Feb 16, Colombo: The President at his discretion cannot remove the Prime Minister under any circumstances according to the 19th Amendment of the Constitution, Senior Lecturer of the Law Faculty of the University of Colombo Dr. Prathibha Mahanamahewa points out.
 Sri Lanka parliament holds workshop on developing a system of checks and balances:
Feb 16, Colombo: Sri Lanka parliament held a workshop on 'Developing a System of Checks and Balances through Legislative Oversight and Executive Collaboration’ in collaboration with the House Democracy Partnership (HDP).
 Speaker, Election Commission Chairman discuss ironing out hiccups in new electoral system :
Feb 16, Colombo: The Chairman of the Election Commission Mahinda Deshapriya on Friday met with the Speaker Karu Jayasuriya at the Parliament.
  Nestlé launches Nespray Coco-Up: Sri Lanka's first dairy milk beverage with Coconut:
Feb 16, Colombo: Combining the goodness of Nespray milk and the refreshing taste of coconut, Nespray Coco-Up Ready-to-Drink (RTD) is Nestlé's latest innovation.
 Will continue as the Prime Minister taking forward January 8 Mandate - PM:
Feb 16, Colombo: Sri Lanka's Prime Minister Ranil Wickremesinghe said that he will continue to hold the Premiership according to the Constitution and the current government would continue.
 Sri Lanka court denies bail to bond scam suspects Arjun Aloysius and Kasun Palisena:
Feb 16, Colombo: The Colombo Fort Magistrate Court today refused bail for Perpetual Treasuries Limited director Arjun Aloysius and CEO Kasun Palisena, who are in remand custody over the bond scam charges.
 Court orders former Central Bank Governor to report to CID before March 8:
Feb 16, Colombo: The Colombo Fort Magistrate today ordered the former Central Bank governor Arjuna Mahendran to report to the CID on or before March 8 after he failed to appear before the CID yesterday.
 ADB grants Sri Lanka additional financing of $75 million to support SME development:
Feb 16, Colombo: The Asian Development Bank’s (ADB) has granted $75 million in additional financing to continue support toward the development of small and medium-sized enterprises (SMEs), considered vital for economic growth and job creation in Sri Lanka.
  Iranian Navy’s 50th flotilla docks at Sri Lanka's Colombo port:
Feb 16, Colombo: Sri Lanka Navy, in accordance with naval traditions, has ceremonially welcomed the Iranian Navy’s 50th flotilla arrived at the port of Colombo on Friday (16).
 JLL Sri Lanka sponsors first PropertyGuru Asia Property Awards in Colombo:
Feb 16, Colombo: The PropertyGuru Asia Property Awards (Sri Lanka), the premier industry awards ceremony that will be held for the first time in Colombo in 2018, welcomes the support and sponsorship of JLL Sri Lanka, the country's leading professional real estate services firm.
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