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Sri Lankan military plane crash kills four COLOMBO: A Sri Lankan military transport aircraft crashed near the capital Colombo on Friday killing four people on board and injuring another crew member, police said.The Antonov AN-32 aircraft slammed into a rubber plantation in the suburb of Athurugiriya in bad weather and burst into flames, police spokesman Ajith Rohana said."Four people onboard have been killed and the fifth crew member survived with severe burns," Rohana told AFP.Airforce sources said the plane had taken off from the main international airport outside Colombo and headed to a nearby domestic air base when pilots reported poor visibility.There were no casualties on the ground, but at least one house lost part of its roof as the aircraft crashed.Civil aviation chief H. M. Nimalasiri said it was too early to establish the cause of the incident, but investigators were heading to the crash site.The Sri Lankan airforce has lost four other Antonov AN-32 type ...

Sanctions-hit Putin visits India to boost energy, trade ties NEW DELHI: Russia's President Vladimir Putin will hold talks Thursday with India's new prime minister as his sanctions-hit country seeks to strengthen energy, defence and strategic ties in Asia.Putin will be looking to advance nuclear power, oil and natural gas and even diamond deals with longstanding ally India on his first visit to India since Prime Minister Narendra Modi swept to power in May.The president is seeking new markets for Russia's natural resources as its ...
India opposition ends parliament standoff over minister's speech NEW DELHI: India's parliament returned to business on Monday after the opposition dropped its demand for the sacking of a government minister for an alleged hate speech, raising hopes that lawmakers will move forward with reform legislation.The upper house of parliament - where the opposition commands a majority - has been paralysed for nearly a week after junior food processing minister Sadhvi Niranjan Jyoti made derogatory remarks about non-Hindus at a campaign rally.The breakthrough came ...
Kerry slams Iran over reports US journalist charged WASHINGTON: US Secretary of State John Kerry said Sunday he was "deeply disappointed" by reports that a US journalist jailed in Iran had been charged and denied bail more than four months after his arrest. Jason Rezaian, a Washington Post bureau chief in Tehran who holds dual US-Iranian citizenship, was charged Saturday after a lengthy court appearance, the Post reports. But the specific accusations remain unclear, according to the newspaper, and it is not known ...
Modi seeks to replace central planning with 'Team India' NEW DELHI: Indian Prime Minister Narendra Modi held a brainstorming session on Sunday on replacing Soviet-style central planning with a 'Team India' concept that would give federal states a greater role in developing Asia's third-largest economy.Although he won a huge election mandate in May, the writ of Modi's government is weak as the majority of India's 29 states are controlled by his opponents. That has led him to seek their help in implementing his growth ...
India arrests accused in suspected plot to kill Bangladesh PM GUWAHATI: Indian police have arrested a key suspect behind a blast in the state of West Bengal who is also believed to have been involved in a plot to assassinate Prime Minister Sheikh Hasina of Bangladesh and stage a coup there.Shahnor Alom, who was arrested in a village in the northeastern state of Assam on Friday night, is an operative of a banned Bangladeshi group active in eastern India, a senior intelligence officer said on ...
Thai assembly approves plan on $10.6bn rail project with China BANGKOK: Thailand's National Legislative Assembly has approved an initial agreement on a joint rail project with China, as part of a long term scheme to develop the country's transportation infrastructure.Transport Minister Air Chief Marshal Prajin Juntong told reporters the project was expected to cost at least 350 billion baht ($10.64 billion) and "will certainly benefit Thailand as it will link transport networks with neighbouring countries".Under the memorandum of understanding, the project will be done on ...


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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 $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln