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Sri Lanka probes political links to drug kingpin COLOMBO: Sri Lanka's police said Tuesday they were investigating whether a man who confessed to smuggling over 1,000 kilos of heroin to the island over three years had political protection.Samantha Kumara Vithanage was arrested in Pakistan earlier this month and taken back to Sri Lanka, police spokesman Ajith Rohana said.He told detectives he had imported about 1,000 kilos (2,200 pounds) of heroin since 2012 worth a total of $75 million to Colombo, a key hub for the narcotic originating in Afghanistan and Pakistan.Investigators have also found links between Vithanage and lawmaker Duminda Silva, who was attached to the defence ministry under former president Mahinda Rajapakse."We have information that MP Duminda Silva received large sums of money from Samantha Kumara Vithanage, alias Wele Sudha," Rohana told reporters."We secured a court order today to check all banks and financial institutions to track down his money."Silva was a key financier of the former ...

Iran warns of 'consequences' for Israeli attack TEHRAN: Iran has told the United States that Israel should expect consequences for an attack on the Syrian-controlled Golan Heights that killed an Iranian general, a senior official said Tuesday.Revolutionary Guards General Mohammad Ali Allahdadi died alongside six fighters from Lebanon's Hezbollah group in the January 18 attack on forces supporting President Bashar al-Assad in Syria's civil war.Israel has not officially acknowledged carrying out the attack, but was already warned last week of an eventual ...
United States can be India's 'best partner': Obama NEW DELHI: President Barack Obama said that the United States can become India's "best partner" as he wrapped up a three-day visit to New Delhi on Tuesday."India and the United States are not just natural partners -- I believe that America can be India's best partner," Obama said in a speech before an audience of young people."Of course, only Indians can decide India's role in the world," said the US president who received a rapturous ...
Modi pledges 'predictable, competitive' tax regime NEW DELHI: Indian Prime Minister Narendra Modi promised US executives Monday that he would forge a "predictable and competitive" tax regime as he sought to shake off his country's reputation as hostile to business.Speaking alongside US President Barack Obama at a meeting of American and Indian CEOs, the right-wing premier said the business climate had already dramatically changed since he came to power and the transformation would step up pace."You will find an environment that ...
Indian president slams nation's failures NEW DELHI: President Pranab Mukherjee gave a stern assesmement of India 65 years after it declared itself a republic, criticising parliamentary dysfunction and the overuse of decrees in a message that might also resonate with his visitor, US President Barack Obama.In a Republic Day address on the eve of the celebrations, India's largely ceremonial president was also scathing about rampant violence against women in the world's second most populous nation.Mukherjee said the opposition should debate ...
Rain on India's parade, but Obama visit keeps spirits high NEW DELHI: Rain threatened to dampen the excitement around US President Barack Obama's landmark visit to India as thousands of troops prepared on Monday for a dazzling military parade where he will be the chief guest.The first US president to attend the annual show of military might that was long associated with the anti-Americanism of the Cold War, Obama spent the first day of his visit on Sunday bonding with Prime Minister Narendra Modi and ...
Thirty-four die in Bangladesh vote protest violence DHAKA: At least 34 people have died in Bangladesh and scores have been injured, most of them in firebomb attacks, amid rising political unrest fuelled by a stand-off between Prime Minister Sheikh Hasina and the main opposition leader.The renewed political turmoil could cause a delay in shipments by the country's $24-billion garment industry, already under pressure after a string of fatal accidents.Begum Khaleda Zia, whose opposition Bangladesh Nationalist Party (BNP) boycotted the election on Jan. ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln