Category: Economy

The National Geological Mines Bureau dispels rumours of another tsunami coming to Sri Lankan coasts on Thursday.The National Geological Mines Bureau dispels rumours of another tsunami coming to Sri Lankan coasts on Thursday. “We called the Hawaii earthquake monitoring centre only about half an hour ago and they said there is nothing to worry about,” […]

South Asian countries will look at setting up a pre-warning system against tsunamis, for the SAARC region, next week.South Asian countries will look at setting up a pre-warning system against tsunamis, for the SAARC region, next week. “SAARC countries will discuss how the region can set up its own pre-warning system this time,” said Thilak […]

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 […]

Jetwing is reporting 47 dead and 31 missing as of Wednesday.Officials say of the dead some 30 persons have not been identified. In addition to guests who succumbed to Sunday’s devastating tsunami, are the remains of persons not in the hotel’s register.Jetwing is reporting 47 dead and 31 missing as of Wednesday. Officials say of […]

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 […]

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 […]

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 […]