Author: LBO
Powerful earthquake measuring up to 8.5 on the Richter scale hit Indonesia’s tsunami-devasted Sumatra
AFP reports out from Jakarta said that a powerful earthquake measuring up to 8.5 on the Richter scale hit Indonesia’s tsunami-devasted Sumatra island late Monday, causing major panic and power blackouts, officials and reports said.AFP reports out from Jakarta said that a powerful earthquake measuring up to 8.5 on the Richter scale hit Indonesia’s tsunami-devasted […]
Monday’s earthquake off the nothern tip of Indonesia has been described as an aftershock
Monday’s earthquake off the nothern tip of Indonesia has been described as an aftershock, one of many that has been shaking up the region since the 9.0 quake that killed over 200,000 people on the day after Christmas.Monday’s earthquake off the nothern tip of Indonesia has been described as an aftershock, one of many that […]
8.5 quake hits Indonesia’s tsunami region
An earthquake measuring 8.5 on the Richter scale rocked northern Sumatra in the same Indonesia region which provoked the Asian tsunami disaster in December, the US Geological Survey said Monday.An earthquake measuring 8.5 on the Richter scale rocked northern Sumatra in the same Indonesia region which provoked the Asian tsunami disaster in December, the US […]
Tsunami survivors’ line up for biggest free lunch buffet
Sri Lankan school children and women stand in a queue as they wait for a free lunch offered by a charity organisation 26 March 2005 at the tourist resort town of Hikkaduwa in southern Sri Lanka as the region marks the three-month anniversary of the December 2004 tsunamis that killed nearly 400 people in the […]
Sri Lanka peace talks on ‘backburner’
Sri Lanka’s foreign minister ruled out an early resumption of peace talks to end a three-decade conflict with Tamil Tiger rebels but said a deal on disbursing tsunami relief was possible. Sri Lanka’s foreign minister ruled out an early resumption of peace talks to end a three-decade conflict with Tamil Tiger rebels but said a […]
Mix ‘n Match
The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with John Keells Holdings to speed the delivery of relief supplies to tsunami victims in Sri Lanka, restore education and health facilities, and provide clean water to relief camps.The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with […]
It’s Official
TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock Exchange. TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock Exchange. In a statement […]
HSBC Global Markets, structures a US$ 34.05 mn derivative deal for Sri Lanka’s ACE Power Embilipitiya
HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s ACE Power Embilipitiya in a deal worth US$ 34.05 mn. HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s ACE Power Embilipitiya in a deal worth US$ 34.05 mn. ACE Power will hedge its […]
Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes
Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes.Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes. […]
Sri Lanka’s peace bid suffers fresh blow from killing spree
A weekend killing spree has compounded problems for Sri Lanka’s already troubled peace process and dimmed prospects of a deal on tsunami aid, diplomats and officials said Sunday.A weekend killing spree has compounded problems for Sri Lanka’s already troubled peace process and dimmed prospects of a deal on tsunami aid, diplomats and officials said Sunday. […]
Sri Lanka’s 2004 trade deficit widens by US$ 677 mn, dragged down by a 44% jump in oil import bill
Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import bill cost the cashed starved treasury an extra US$ 372 mn, the Central Bank said Monday.Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import […]
IMF: Rebuilding to pressure Sri Lanka ’05 fiscal outlook
Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said.Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said. “Lower tourism receipts and a reconstruction-related […]