All Blogs
Aid Tsunamis
Waves of foreign assistance could tide over some of Sri Lanka’s macro economic troubles according to analysts. Waves of foreign assistance could tide over some of Sri Lanka’s macro economic troubles according to analysts. The Central Bank expects the balance of payments to show a surplus this year from a deficit of over US$ 200 […]
Friend Or Foe?
Government creditors in the Paris Club are this week to consider a debt moratorium for Sri Lanka and Indonesia, two of the countries worst affected by last month’s tidal wave, although experts have questioned the usefulness to Jakarta of such a move. Government creditors in the Paris Club are this week to consider a debt […]
Resting Under Protection
Insurance industry says impact on profitability will be small despite more than Rs.10 billion in tsunami related claims saying that they are adequately covered by reinsurance.Insurance industry says impact on profitability will be small despite more than Rs. 10 billion in tsunami related claims saying that they are adequately covered by reinsurance. However some in […]
Litmus Test
The coming week will show how much of the Jakarta pledges will materialise into hard cash, says visiting UN Chief Kofi Annan wrapping up a two day old tour of Sri Lanka’s tsunami ravaged southern and eastern coastal belts.The coming week will show how much of the Jakarta pledges will materialise into hard cash, says […]
One of the hardest hit sectors that are bouncing back strongly is the tourism sector
One of the hardest hit sectors that are bouncing back strongly is the tourism sector. One of the hardest hit sectors that are bouncing back strongly is the tourism sector. Many of the hotels that suffered minor damage are getting ready to take in tourists. Hotels elsewhere are also pushing hard to keep up. The […]
Watch Out
Sri Lanka’s tsunami-battered shores are in danger of being hit by a cyclone which is building off its east coast, the meteorological department has warned.Sri Lanka’s tsunami-battered shores are in danger of being hit by a cyclone which is building off its east coast, the meteorological department has warned. “It is not a cyclone at […]
Powell Power
US Secretary of State Colin Powell said Sri Lanka should review its submissions for key US government aid and pledged a long-term troop presence to help recovery.US Secretary of State Colin Powell said Sri Lanka should review its submissions for key US government aid and pledged a long-term troop presence to help recovery. Secretary Powell […]
Digging Deep
Visiting World Bank President James D Wolfensohn down played possibilities of writing off US$ 600 mn worth of interest payments due from Sri Lanka, but said the island nation should focus on getting grant assistance to rebuild the tsunami hit areas.“We are considering debt relief, about US$ 600 mn is due from Sri Lanka this […]
Sri Lanka Tsunami – Aid Drip
Initial WHO estimates say that Sri Lanka will need US$ 20 mn to meet immediate health needs over the next three months, in all districts affected by last month’s tsunami.Initial WHO estimates say that Sri Lanka will need US$ 20 mn to meet immediate health needs over the next three months, in all districts affected […]
Scout’s Honour
Sri Lanka’s tsunami struck insurance industry has opted not to dip into the treasury controlled strike terrorism and riot cover fund, to settle part of the Rs.10 bn tidal wave claims. Sri Lanka’s tsunami struck insurance industry has opted not to dip into the treasury controlled strike terrorism and riot cover fund, to settle part […]