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Asian Dollars
In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets in the tsunami that struck Sri Lanka’s eastern coastline on 26 December.In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets […]
PFI margin up
The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses.The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses. The Bank earlier said commercial banks would get 1 percent for intermediation cost for […]
Warning
The IMF has warned that high inflation would burn up the benefits of the large amounts of aid being pledged for Sri Lanka’s post tsunami reconstruction. The IMF has warned that high inflation would burn up the benefits of the large amounts of aid being pledged for Sri Lanka’s post tsunami reconstruction. A top executive […]
Fishing: In Troubled Waters
Fishermen one of the poorest segments in the population was hard hit by the tsunami.The tidal waves wiped out two thirds of the country’s fishing fleet leaving thousands without incomes. Fishermen one of the poorest segments in the population was hard hit by the tsunami. The tidal waves wiped out two thirds of the country’s […]
Keeping the Balance
International Monetary Fund (IMF) said its board will consider granting US$ 160 million in emergency assistance and said the country needs to focus on maintaining macro economic balance and financial stability. International Monetary Fund (IMF) said its board will consider granting US$ 160 million in emergency assistance and said the country needs to focus on […]
Dissident election candidates win Maldivian capital, but no threat to Gayoom
Pro-democracy activists Sunday won both seats reserved for the capital island Male in the Maldives post-tsunami parliamentary vote, but President Maumoon Abdul Gayoom was still seen consolidating his position as Asia’s longest serving leader.Pro-democracy activists Sunday won both seats reserved for the capital island Male in the Maldives post-tsunami parliamentary vote, but President Maumoon Abdul […]
Tamil Tigers to put autonomy struggle on hold amid tsunami aftermath
Tamil Tiger rebels announced they were putting on hold their struggle for greater autonomy for the Tamil minority in order to deal with the aftermath of the tsunami disaster.Tamil Tiger rebels announced they were putting on hold their struggle for greater autonomy for the Tamil minority in order to deal with the aftermath of the […]
Armitage to go to Brussels for Sri Lanka donors meeting
US Deputy Secretary of State Richard Armitage is to travel to Brussels next week for talks with fellow donors on the current status of the peace process in Sri Lanka, the State Department said.US Deputy Secretary of State Richard Armitage is to travel to Brussels next week for talks with fellow donors on the current […]
Maldives free elections threatened by lack of pluralism
Reporters Without Borders voiced fears that 22 January elections in the Maldives had virtually no chance of being free and fair as promised by the government because of a striking absence of press freedom. Reporters Without Borders voiced fears that 22 January elections in the Maldives had virtually no chance of being free and fair […]
Donors say nearly US$ 50 mn already given in cash for relief work in Sri Lanka
Donor countries say they have credited nearly US$ 50 mn, in cash, for immediate rehabilitation work in Sri Lanka, but the government is still picking up the numbers.Donor countries say they have credited nearly US$ 50 mn, in cash, for immediate rehabilitation work in Sri Lanka, but the government is still picking up the numbers. […]