Category: Economy

Indonesia’s death toll of 25,000 people may be higher than Sri Lanka’s body count, following the earthquake and tidal wave that struck on Boxing Day, which left tens of thousands of people dead, injured or missing.Indonesia’s death toll of 25,000 people may be higher than Sri Lanka’s body count, following the earthquake and tidal wave […]

The Colombo Exchange went into the red as investors sank their hotel sector stocks Tuesday, the first day of trading since Sunday’s tsunami that wiped off most the Sri Lanka’s east and south coast.The Colombo Exchange went into the red as investors sank their hotel sector stocks Tuesday, the first day of trading since Sunday’s […]

Sri Lanka’s death toll from Sunday’s killer tidal wave, may be much higher than initially expected, government officials told state television Tuesday morning.Sri Lanka’s death toll from Sunday’s killer tidal wave, may be much higher than initially expected, government officials told state television Tuesday morning. Death tolls were put around 10,000 on Monday but a […]

Relief organizations working in Sri Lanka are appealing for volunteer medical practitioners to go into tsunami struck areas as the risk of disease mounts.Relief organizations working in Sri Lanka are appealing for volunteer medical practitioners to go into tsunami struck areas as the risk of disease mounts. Sarvodaya, one of Sri Lanka’s most active charities […]

Wildlife officers found a 13-year-old boy Tuesday morning, the only survivor of the deadly tsunami hit Yala National Park. Wildlife officers found a 13-year-old boy Tuesday morning, the only survivor of the deadly tsunami hit Yala National Park. According to park officials deadly tsunamis leapt 2 km inside the park ripping out everything in its […]

The World Food Programme (WFP) stepped in on Monday to feed 400,000 people displaced by tidal waves in Sri Lanka.The World Food Programme (WFP) stepped in on Monday to feed 400,000 people displaced by tidal waves in Sri Lanka. “The WFP is to provide nearly 4,000 metric tons of rice, wheat, lentils, and sugar valued […]

The Banking sector is mooting plans for a fund to meet immediate rebuilding needs in the hotel sector in the tidal wave affected south and east of Sri Lanka.The Banking sector is mooting plans for a fund to meet immediate rebuilding needs in the hotel sector in the tidal wave affected south and east of […]

The worst tidal waves to batter Sri Lanka in living memory are unlikely to have a long-term impact on the island’s economy, analysts and officials said Sunday.The worst tidal waves to batter Sri Lanka in living memory are unlikely to have a long-term impact on the island’s economy, analysts and officials said Sunday. The tidal […]

Hundreds of travellers on Sri Lanka’s main coastal highway, have gone missing after tidal waves hit the coastal road Sunday.Hundreds of travellers on Sri Lanka’s main coastal highway, have gone missing after tidal waves hit the coastal road Sunday. The A-2, popularly known as the Galle Road, starts from Colombo and hugs the coast along […]

Colombo Stock Exchange is closed for trading on Monday as Sri Lanka takes stock of the economic and human devastation of the tidal wave that hit the country.Colombo Stock Exchange is closed for trading on Monday as Sri Lanka takes stock of the economic and human devastation of the tidal wave that hit the country. […]

Sri Lanka has so far reported the highest loss of life from the tsunami that swept nations bordering the Indian Ocean on Sunday. LBO Cameras captured some scenes in the aftermath of the tidal wave that has so far killed over 4500. Sri Lanka has so far reported the highest loss of life from the […]

Panicked residents in Galle is running for safety as fresh tsunami fears emerge. An lbo correspondent near Karapitiya Hospital says patients have started to climb to the roof in search of safety Panicked residents in Galle is running for safety as fresh tsunami fears emerge. An lbo correspondent near Karapitiya Hospital says patients have started […]