Category: Economy

Hundreds of tsunami survivors in Sri Lanka took to the streets in southern Matara district to protest corrupt aid distribution, police said.Hundreds of tsunami survivors in Sri Lanka took to the streets in southern Matara district to protest corrupt aid distribution, police said. The demonstration came as the government admitted 70 percent of victims had […]

Sri Lanka’s top donors say the East coast will take up to 40 percent of the country spend on rebuilding, with the tsunami re-construction bill at a final US$ 1.5 bn. The Central Bank has estimated that the combined effect of the tsunami will shave off less than a percentage point of GDP this year. […]

Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused Tiger rebels of importing war-machinery under the guise of aid.Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused […]

Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused Tiger rebels of importing war-machinery under the guise of aid.Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused […]

Japan Tuesday urged Sri Lanka’s government and Tamil Tiger rebels to use the tsunami to unite and to push the Norwegian-backed peace process forward.Japan Tuesday urged Sri Lanka’s government and Tamil Tiger rebels to use the tsunami to unite and to push the Norwegian-backed peace process forward. Japan, the island’s largest foreign aid donor, said […]

Consumer prices in the twelve months ending January 2005, rose to 14.6 % from 13.8 % in December 2004, continuing last year’s rising price trend into the New Year. Consumer prices in the twelve months ending January 2005, rose to 14.6 % from 13.8 % in December 2004, continuing last year’s rising price trend into […]

Treasury Secretary says tsunami reconstruction over the medium term will be inflation neutral but humanitarian efforts will get priority now even if it affects prices.Treasury Secretary says tsunami reconstruction over the medium term will be inflation neutral but humanitarian efforts will get priority now even if it affects prices. Dr. P B Jayasundera says labor […]

A battle for control of tsunami relief aid has dimmed prospects of reviving Norwegian-backed peace talks between Tamil Tiger rebels and the Colombo government, sources close to the rebels said Sunday.A battle for control of tsunami relief aid has dimmed prospects of reviving Norwegian-backed peace talks between Tamil Tiger rebels and the Colombo government, sources […]

Millions of rupees in cash, and in the form of relief items, have mysteriously disappeared on route to the tsunami-struck east, says the government.Millions of rupees in cash, and in the form of relief items, have mysteriously disappeared on route to the tsunami-struck east, says the government. David Muller, the United Nations coordinator working with […]

The United States military will retain a small unit to assist Sri Lanka’s long-term reconstruction and humanitarian work in the tsunami hit areas, a military official said Saturday.The United States military will retain a small unit to assist Sri Lanka’s long-term reconstruction and humanitarian work in the tsunami hit areas, a military official said Saturday. […]

Sri Lanka’s Tamil Tiger rebels Friday ruled out tsunami aid talks leading to political negotiations and warned the government against using the catastrophe for scoring points or strengthening the military.Sri Lanka’s Tamil Tiger rebels Friday ruled out tsunami aid talks leading to political negotiations and warned the government against using the catastrophe for scoring points […]

Thousands of people living on Sri Lanka’s tsunami-battered coasts fled inland after comments by a minister Thousands of people living on Sri Lanka’s tsunami-battered coasts fled inland after comments by a minister Police and officials said schools were hastily closed in the eastern city of Batticaloa, while people were seen running from the shores in […]