Category: Economy

Sri Lanka President Chandrika Kumaratunga Tuesday appealed for unity to rebuild her ethnically divided nation devastated by the tsunami which killed thousands.Sri Lanka President Chandrika Kumaratunga Tuesday appealed for unity to rebuild her ethnically divided nation devastated by the tsunami which killed thousands. In her first address to the nation since the tragedy struck Sunday, […]

The Urban Development Authority (UDA) has dropped all routine work to concentrate its efforts in drawing up an coastal belt reconstruction master plan, to rebuild the region guttered by Sunday tsunami.The Urban Development Authority (UDA) has dropped all routine work to concentrate its efforts in drawing up an coastal belt reconstruction master plan, to rebuild […]

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 […]

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 […]

Colombo stocks fell nearly one percent as the market opened for trading on Tuesday.Colombo stocks fell nearly one percent as the market opened for trading on Tuesday. Analysts were expecting the market to take a hit, after hotel firms, which led a recent rally, were devastated by Sunday’s tidal wave. However resorts north of Colombo, […]

Torrential rains are falling in Galle, but there are no reports of likely earthquakes that can generate a tsunami wave from official sources. However residents say blocked storm water drains, may be causing some areas town to be flooded. The last quake was reported off Sumatra by the US geological survey at 02.10 am Sri […]

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 […]

Though the threat of a major tidal waves is receding, Sri Lankan officials are advising people on the coast to be vigilant. The Sumatra/Andaman Island area is still active, with the last quake being reported in the early hours of Tuesday, though the magnitude of the waves have fallen to around 5-6 on the Richter […]

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 […]

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 […]

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 […]