India’s investments in Sri Lanka topped US$1 bln since 2003

Ada Derana - Friday 17th May, 2013

Indian companies have invested nearly USD 1 billion in Sri Lanka since 2003 and this figure could rise above USD 2 billion in the next five years, Indian envoy to Colombo Ashok K Kantha has said. With investment inflows of USD 160 million in 2012, nearly USD 2 billion worth of FDI had been committed by Indian companies for the next five years or so, he added. Addressing a trade gathering ...

Sri Lanka 1998 plane crash victim still alive

General Sources - Friday 17th May, 2013

A Sri Lankan woman thought to be dead in the passenger airline that disappeared in 1998 has been found to be alive. It turned out that the woman was not a passenger but her national identity card was being carried by somebody else. Gunamani Balasubramaniam, a Jaffna resident, was believed to be among the 48 passengers of the Lion Air plane which crashed into the northern seas as a result of ...

Money matters India invested over 1 bn USD since 2003

General Sources - Friday 17th May, 2013

invested nearly USD 1 billion in Sri Lanka since 2003 and this figure could rise above USD 2 billion in the next five years, Indian envoy to Colombo Ashok K Kantha has ...

UPDATE 2 dead 3 injured in Thalangama bus accident

Ada Derana - Friday 17th May, 2013

Two persons died and another three were injured when a private bus was involved in an accident near Thalangama North Hospital today, hospital sources told Ada Derana. A tire of the bus, traveling from Colombo to Meegoda, had exploded causing it to lose control and crash into the bus stop in front of the hospital. The wounded persons were admitted to the hospital, however two of them had later ...

How will the new electricity tariff affect you

Ada Derana - Friday 17th May, 2013

After the Public Utilities Commission granted the CEB approval to increase the electricity tariff, the President in his May Day speech announced that concessions will be granted to those using between 60-180 units while those using less than 60 units will not be affected by the tariff ...

Mother jumps into well with 3 daughters

Ada Derana - Friday 17th May, 2013

A woman attempted to commit suicide by jumping into a well with her 3 children in Vavuniya this morning. Neighbors had managed to rescue the mother, however the three children had already perished by then, police said.The ...

Tharanga century leads Rest of Sri Lanka to victory

General Sources - Friday 17th May, 2013

Rest of Sri Lanka snuck home with two balls to spare and three wickets in hand against SLC Combined, to score their third win in as many matches in the List A tri-series in Pallekele. Upul Tharanga held Rest of Sri Lanka's innings together through a top order collapse, hitting 102 from 121 balls, before Dilruwan Perera and Rangana Herath combined to propel their side to victory in the late ...

Army corporal dies 18 soldiers injured in accident

Ada Derana - Friday 17th May, 2013

An Army corporal was killed and 18 other soldiers were injured after a lorry toppled near the Settikulam Railway Station on the Settikulam Road, Mannar.A lorry transporting soldiers to the Pudukulam Army Camp from the Maradamadu Army Camp was involved in the accident which occurred this morning.Sixteen of the wounded soldiers are being treated at the Settikulam Hospital while the rest have been ...