Author: lbostgadmin
Sri Lanka’s Central Bank chips in with Rs. 5 bn concessionary loans to help revive tsunami hit SME sector
Sri Lanka’s Central Bank is stumping up Rs.5 bn through concessionary loans for small and medium sector affected by the Boxing Day tsunami. Sri Lanka’s Central Bank is stumping up Rs. 5 bn through concessionary loans for small and medium sector affected by the Boxing Day tsunami. Disbursed through local lending institutions, the loan comes […]
Sri Lanka “on top of disaster” as aid flood lifts tsunami relief
Sri Lanka said it had managed to bring the tsunami disaster under control as its foreign military-backed relief operations picked up and the central bank offered cheap credit to survivors to help foot a 1.3 billion dollar damage bill. Sri Lanka said it had managed to bring the tsunami disaster under control as its foreign […]
Sri Lanka Tsunami — Drifting Away
Sri Lankan government says it is has sufficient local health personnel to deal with the mental wounds of last Sunday’s deadly tsunami, a top official said.Sri Lankan government says it is has sufficient local health personnel to deal with the mental wounds of last Sunday’s deadly tsunami, a top official said. Dr. Athula Sumathipala, a […]
Double Trouble
Sri Lanka’s insurance risk is under evaluation as international re-insurers take another look at the island’s potential risk from earthquakes, after an earthquake motivated tsunami wrecked havoc in the country.Sri Lanka’s insurance risk is under evaluation as international re-insurers take another look at the island’s potential risk from earthquakes, after an earthquake motivated tsunami wrecked […]
Band Aid
The Paris Club group of creditors will examine a debt moratorium for Indonesia and Sri Lanka, the two countries hardest hit by a tsunami in southern Asia, when it meets on Jan. 12, French Finance Minister Herve Gaymard said. The Paris Club group of creditors will examine a debt moratorium for Indonesia and Sri Lanka, […]
Sri Lanka Tsunami — Help Us
Sri Lanka has asked for around US$ 320 mn worth of assistance from the International Monetary Fund to partially ease the US$ 1.5 bn tsunami reconstruction bill, a top official said. Sri Lanka has asked for around US$ 320 mn worth of assistance from the International Monetary Fund to partially ease the US$ 1.5 bn […]
Flying Low
US helicopters began flying in Sri Lanka as part of a military operation to boost the island’s tsunami relief work, officials said.US helicopters began flying in Sri Lanka as part of a military operation to boost the island’s tsunami relief work, officials said. Two Black Hawk aircraft were seen flying near the international airport outside […]
Hitting the Road
The Highway’s Ministry says it will abandon an existing proposal to reconstruct damaged coastal roads in favour of long term infrastructure projects.The Highway’s Ministry says it will abandon an existing proposal to reconstruct damaged coastal roads in favour of long term infrastructure projects. In the south, officials say a four lane road project between Wadduwa […]
Aid Jam
A stock of rice from Singaporeans sits at the Katunayake cargo hold before dispatch. Relief aid for tsunami victims floods in from over 40 countries. Cargo flights carrying relief are still rushing in, as an emergency team works to keep Sri Lanka’s single airport from choking on the aid and blocking urgent supplies. A […]
Sri Lankan rupee ends up at 100 against the greenback, on the back of heavy dollar inflows to aid tsunami relief projects
The Sri Lankan rupee is expected to strengthen further on the back of heavy dollar inflows to aid the tsunami relief programmes, the Central Bank Governor said Wednesday.The Sri Lankan rupee is expected to strengthen further on the back of heavy dollar inflows to aid the tsunami relief programmes, the Central Bank Governor said Wednesday. […]
SAARC summit in the first week of February
South Asian countries are considering holding the postponed SAARC summit in the first week of February, giving time for tsunami rehabilitation plans to begin. “The SAARC countries are considering a date between February 3 to February 7 to hold the summit,” said Macky Hashim, President of the SAARC Chamber of Commerce and Industries, at a […]
Dipped Product employees pick up 10% in company
Dipped Product employees paid Rs. 351.7 million for 2.9 million shares in the company, as Richard Pieris Limited wiped its hands off the glove maker.Dipped Product employees paid Rs. 351.7 million for 2.9 million shares in the company, as Richard Pieris Limited wiped its hands off the glove maker. The deal went through the Colombo […]