New tremors spark fresh warnings

Sri Lankan officials are warning coastal residents to stay inland overnight after fresh tremors were reported in the Indian Ocean late Sunday. Tidal waves hit Sri Lanka during late morning local time but the new warning comes after officials of the Geological Survey and Mines Bureau of Sri Lanka reported fresh quakes around 6 to […]

Sri Lanka has so far reported the highest loss of life from the tsunami

Sri Lanka has so far reported the highest loss of life from the tsunami that swept nations bordering the Indian Ocean on Sunday. Sri Lanka has so far reported the highest loss of life from the tsunami that swept nations bordering the Indian Ocean on Sunday. The US Geological Survey says tidal waves or tsunamis […]

British tourist dies as tidal waves devastate Maldives

A British tourist died when this Indian Ocean paradise of the Maldives was hit by unprecedented tidal waves that flooded two thirds of the capital island and shut the airport, officials said.A British tourist died when this Indian Ocean paradise of the Maldives was hit by unprecedented tidal waves that flooded two thirds of the […]

Tourist board launches evacuation programme, not sure of damage

Sri Lanka’s tourism authorities send rescue vehicles to the Southern parts of the island, to transport tourists from tidal wave zones to safety in Colombo.Sri Lanka’s tourism authorities send rescue vehicles to the Southern parts of the island, to transport tourists from tidal wave zones to safety in Colombo. “We sent 20 vehicles to the […]

Tidal Waves Kill More Than 3,300 in Asia

The world’s most powerful earthquake in 40 years triggered massive tidal waves that slammed into villages and seaside resorts across Asia on Sunday, killing more than 3,300 people in five countries.The world’s most powerful earthquake in 40 years triggered massive tidal waves that slammed into villages and seaside resorts across Asia on Sunday, killing more […]

Train Stop

All rail services on the southern coastal belt and the upcountry service have been discontinued indefinitely after an early morning tidal wave wrecked havoc on Sri Lanka’s shore line. All rail services on the southern coastal belt and the upcountry service have been discontinued indefinitely after an early morning tidal wave wrecked havoc on Sri […]

‘ spurning of new offer

President Chandrika Kumaratunga Saturday voiced confidence that peace was closer than ever in Sri Lanka even though Tamil Tiger rebels rejected her latest offer to revive stalled negotiations.President Chandrika Kumaratunga Saturday voiced confidence that peace was closer than ever in Sri Lanka even though Tamil Tiger rebels rejected her latest offer to revive stalled negotiations. […]

Flight Schedule

Sri Lanka will soon have to amend its bilateral Air Service Agreements with European countries, as the EU lobbies for a ‘common clause’. Sri Lanka will soon have to amend its bilateral Air Service Agreements with European countries, as the EU lobbies for a ‘common clause’. The clause will allow any European carrier to use […]

Chatting Away – Wrapping Up

Cellular operator Dialog GSM made history when it signed up its 1 mn customer in June, to become the first operator to cross the milestone. Cellular operator Dialog GSM made history when it signed up its 1 mn customer in June, to become the first operator to cross the milestone. The US$ 150 mn operator […]

Well Oiled

Shares of Lanka IOC(LIOC) closed at Rs 47 after opening at a high of Rs 54 in the morning.Shares of Lanka IOC(LIOC) closed at Rs 47 after opening at a high of Rs 54 in the morning. The shares were issued at Rs 27, giving massive capital gains to subscribers of the LIOC IPO. Meanwhile, […]

Oiling the Market

For the first time in history the market capitalization of the Colombo Stock Exchange (CSE) went over Rs 400 bn on Wednesday. For the first time in history the market capitalization of the Colombo Stock Exchange (CSE) went over Rs 400 bn on Wednesday. The market moved up by Rs 24.5 bn, or 6.5 percent, […]

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