Category: Economy

As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies.As foreign aid jams the single international airport available, the Sri Lankan government and the LTTE, lock horns to gain control over relief supplies. The Tamil Rehabilitation Organisation (TRO) – a registered […]

The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent this year, though the impact over the medium term will not be significant, says Fitch Ratings Lanka. The tsunami disaster, which left more than 30,000 people dead, will cut Sri Lanka’s economic growth by one percent […]

Government revenue is not expected to take too much of a hit as donors pledge over US$ 1 bn in foreign aid to re-build tsunami stricken areas along the coast.Government revenue is not expected to take too much of a hit as donors pledge over US$ 1 bn in foreign aid to re-build tsunami stricken […]

The federal government is considering allowing families in Canada to bring over tsunami orphans to start a new life here, Immigration Minister Judy Sgro revealed yesterday.The federal government is considering allowing families in Canada to bring over tsunami orphans to start a new life here, Immigration Minister Judy Sgro revealed yesterday. The government may ease […]

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 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 […]

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 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 […]

Questions are now being asked about who knew what and when about the tsunami and who did or did not do what and when. Sixth Hour – Noon 12:00

US marines arrived in Sri Lanka as foreign military aid efforts picked up while the island’s tsunami death toll hit 30,196, fuelling fears that disease could spread ahead of an internationally-backed cleanup effort.US marines arrived in Sri Lanka as foreign military aid efforts picked up while the island’s tsunami death toll hit 30,196, fuelling fears […]

Last week’s tidal waves have eaten into stretches of shoreline, meaning Sri Lanka may have to re-draw those lines on its map, as it assesses the extent of coastal damage.Last week’s tidal waves have eaten into stretches of shoreline, meaning Sri Lanka may have to re-draw those lines on its map, as it assesses the […]

Sri Lanka’s tsunami devastation has drawn a huge international aid response, but a geopolitical game of influence between India and the United States is playing not too subtly in the background, analysts said on Monday. Sri Lanka’s tsunami devastation has drawn a huge international aid response, but a geopolitical game of influence between India and […]