Author: LBO
A Visit to the Former ‘Tsunami Capital’
The sign below an exhibit at the Pacific Tsunami Museum in Hilo, Hawaii, claims that Hilo is ‘the tsunami capital of the world.‘ Dr George D. Curtis, the scientific advisor to the museum, covered that sign with his hand and said quietly, ‘now, we’ll have to change that.‘ That is just one of the things […]
Tsunami a blessing in disguise for Sri Lanka’s economy
The Indian Ocean tsunamis killed 31,000 people in Sri Lanka and caused unprecedented damage, but were also a blessing to its economy which had been heading for a major catastrophe, according to analysts.The Indian Ocean tsunamis killed 31,000 people in Sri Lanka and caused unprecedented damage, but were also a blessing to its economy which […]
Sri Lanka’s ruling Marxists demand probe on foreign tsunami volunteers
Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused Tiger rebels of importing war-machinery under the guise of aid.Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused […]
Help ’em
The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. Humanitarian […]
Sri Lanka’s trade deficit continues to run wild, egged on by hefty petroleum bills
Despite introducing hefty taxes to curb imports of non-essential items like motor vehicles, Sri Lanka’s trade deficit continued to run wild, egged on by hefty petroleum and investment goods bills, the Central Bank said Thu.Despite introducing hefty taxes to curb imports of non-essential items like motor vehicles, Sri Lanka’s trade deficit continued to run wild, […]
Central Bank says tsunami’s negative impact may be mitigated by the reconstruction and rehabilitation activities
Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and rehabilitation, though the devastation has left the country with a US$ 1.4 bn repair bill. Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and […]
Trick ‘n Treat
Top multilateral donors who are drawing up new financing plans for Sri Lanka’s post-tsunami period are due to stump up over US$ 500 mn in additional loans in the coming weeks, a joint statement said Tue.Top multilateral donors who are drawing up new financing plans for Sri Lanka’s post-tsunami period are due to stump up […]
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 […]
Fitch Ratings cuts Sri Lanka’s economic growth target
The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent this year, though the impact over the medium term will not be significant, says Fitch Ratings Lanka. The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent […]
The Tamil Rehabilitation Organisation says the Sri Lankan army is ‘hampering’ aid to the North and the East and is ‘creating tension.’
As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies.As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies. The Tamil Rehabilitation Organisation (TRO) – a registered […]
Tidal waves eat into stretches of Sri lanka’s shoreline, changing lines on its map.
Last week’s tidal waves have eaten into stretches of shoreline, meaning Sri Lanka may have to re-draw those lines on its map, as it assesses the extent of coastal damage.Last week’s tidal waves have eaten into stretches of shoreline, meaning Sri Lanka may have to re-draw those lines on its map, as it assesses the […]
Giant tidal waves will shave off half a percentage of Sri Lanka’s growth in 2005, Central Bank says
Over 28,000 dead, tens and thousands missing, and a US$ 1 bn reconstruction bill, but tsunami stricken Sri Lanka is confident of bouncing back with a 0.5 percent drop in gross domestic product next year. Over 28,000 dead, tens and thousands missing, and a US$ 1 bn reconstruction bill, but tsunami stricken Sri Lanka is […]