Category: Industry
Aid Tsunamis
Waves of foreign assistance could tide over some of Sri Lanka’s macro economic troubles according to analysts. Waves of foreign assistance could tide over some of Sri Lanka’s macro economic troubles according to analysts. The Central Bank expects the balance of payments to show a surplus this year from a deficit of over US$ 200 […]
Powell Power
US Secretary of State Colin Powell said Sri Lanka should review its submissions for key US government aid and pledged a long-term troop presence to help recovery.US Secretary of State Colin Powell said Sri Lanka should review its submissions for key US government aid and pledged a long-term troop presence to help recovery. Secretary Powell […]
Watch Out
Sri Lanka’s tsunami-battered shores are in danger of being hit by a cyclone which is building off its east coast, the meteorological department has warned.Sri Lanka’s tsunami-battered shores are in danger of being hit by a cyclone which is building off its east coast, the meteorological department has warned. “It is not a cyclone at […]
One of the hardest hit sectors that are bouncing back strongly is the tourism sector
One of the hardest hit sectors that are bouncing back strongly is the tourism sector. One of the hardest hit sectors that are bouncing back strongly is the tourism sector. Many of the hotels that suffered minor damage are getting ready to take in tourists. Hotels elsewhere are also pushing hard to keep up. The […]
Litmus Test
The coming week will show how much of the Jakarta pledges will materialise into hard cash, says visiting UN Chief Kofi Annan wrapping up a two day old tour of Sri Lanka’s tsunami ravaged southern and eastern coastal belts.The coming week will show how much of the Jakarta pledges will materialise into hard cash, says […]
Sri Lanka Tsunami – Aid Drip
Initial WHO estimates say that Sri Lanka will need US$ 20 mn to meet immediate health needs over the next three months, in all districts affected by last month’s tsunami.Initial WHO estimates say that Sri Lanka will need US$ 20 mn to meet immediate health needs over the next three months, in all districts affected […]
Digging Deep
Visiting World Bank President James D Wolfensohn down played possibilities of writing off US$ 600 mn worth of interest payments due from Sri Lanka, but said the island nation should focus on getting grant assistance to rebuild the tsunami hit areas.“We are considering debt relief, about US$ 600 mn is due from Sri Lanka this […]
Chatting Away
Sri Lanka Telecom is minting foreign exchange revenue, due to a heavy flow of international voice and data calls to pick up the latest news since the tsunami struck on Boxing Day.Sri Lanka Telecom is minting foreign exchange revenue, due to a heavy flow of international voice and data calls to pick up the latest […]
Shifting Home
Sri Lanka’s top trade chamber has asked its private sector members to ‘adopt’ transit refugee camps, supporting displaced people until they find permanent shelter.Sri Lanka’s top trade chamber has asked its private sector members to ‘adopt’ transit refugee camps, supporting displaced people until they find permanent shelter. “We have asked the private sector to sponsor […]
‘s Honour
Sri Lanka’s tsunami struck insurance industry has opted not to dip into the treasury controlled strike terrorism and riot cover fund, to settle part of the Rs.10 bn tidal wave claims. Sri Lanka’s tsunami struck insurance industry has opted not to dip into the treasury controlled strike terrorism and riot cover fund, to settle part […]
Scout’s Honour
Sri Lanka’s tsunami struck insurance industry has opted not to dip into the treasury controlled strike terrorism and riot cover fund, to settle part of the Rs.10 bn tidal wave claims. Sri Lanka’s tsunami struck insurance industry has opted not to dip into the treasury controlled strike terrorism and riot cover fund, to settle part […]
Tidal Bells
Fitch Ratings Lanka says it may review Sri Lanka Telecom’s credit rating, though the Rs. 750 mn tidal wave repair bill does not alter its credit profile. Fitch Ratings Lanka says it may review Sri Lanka Telecom’s credit rating, though the Rs. 750 mn tidal wave repair bill does not alter its credit profile. The […]