Category: Economy and Markets

Local authorities have started mass burials of tsunami victims in Southern Sri Lanka which are piling up unclaimed in hospital in coastal areas as the death toll continues to mount.Local authorities have started mass burials of tsunami victims in Southern Sri Lanka which are piling up unclaimed in hospital in coastal areas as the death […]

Sri Lanka’s opposition United National Party has pledged support to the government and expressed confidence that the country can emerge from the disaster by remaining resolute and moving forward with the support of the international community.Sri Lanka’s opposition United National Party has pledged support to the government and expressed confidence that the country can emerge […]

Sri Lanka’s Central Bank has put together a top level team to assess the economic impact following a tidal wave that left over 14,000 dead and displaced millions of people.Sri Lanka’s Central Bank has put together a top level team to assess the economic impact following a tidal wave that left over 14,000 dead and […]

Indian news wire reports that five naval warships loaded with relief supplies have left for Sri Lanka as Indian Air Force despatched three AN-32 transport aircrafts carrying relief and medical supplies to earthquake and tidal wave devastated Andaman and Nicobar islands. Indian news wire reports that five naval warships loaded with relief supplies have left […]

The government says it will give Rs10,000 for the burial of every local person killed by the tidal wave on Sunday.The government says it will give Rs10,000 for the burial of every local person killed by the tidal wave on Sunday. “We are giving Rs 10,000 for each body so that they can be buried […]

The tidal wave that hit Sri Lanka Sunday has ravaged the economies of several coastal provinces though the overall impact on the economy may be mitigated as the Western Province, which accounts for half the nation’s GDP has been spared. District

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 […]

A tidal wave had hit Sri Lanka coastal region putting broad swathes of low lying areas under water, eyewitness reports say. A tidal wave had hit Sri Lanka coastal region putting broad swathes of low lying areas under water, eyewitness reports say. The southern city of Galle has gone under ten feet of water.A journalist […]

A tidal wave had hit Sri Lanka’s coastal areas killing hundreds and putting broad swathes of low lying densely populated areas under water.A tidal wave had hit Sri Lanka’s coastal areas killing hundreds and putting broad swathes of low lying densely populated areas under water. The Eastern Coast seems to be worst hit with authorities […]

A tidal wave had hit Sri Lanka’s coastal regions killing hundreds and putting broad swathes of densely populated low lying areas under water.A tidal wave had hit Sri Lanka’s coastal regions killing hundreds and putting broad swathes of densely populated low lying areas under water. The Eastern Coast seems to be worst hit with authorities […]

Authorities are warning residents off coastal areas after a tidal wave hit Sri Lanka’s coastal regions killing hundreds, leaving thousands homeless. Authorities are warning residents off coastal areas after a tidal wave hit Sri Lanka’s coastal regions killing hundreds, leaving thousands homeless. Curious residents from inland have started flocking to beaches to see the damage, […]

Authorities are warning residents off coastal areas after a tidal wave hit Sri Lanka’s coastal regions killing hundreds, leaving thousands homeless.Authorities are warning residents off coastal areas after a tidal wave hit Sri Lanka’s coastal regions killing hundreds, leaving thousands homeless. Initial reports indicate that the tidal wave or tsunami may have been caused by […]