Category:
Not So Bad
Sri Lanka’s biggest listed bank, Hatton National Bank, said it doesn’t expect to make a large provision for doubtful loans in the wake of last month’s tsunami disaster.Sri Lanka’s biggest listed bank, Hatton National Bank, said it doesn’t expect to make a large provision for doubtful loans in the wake of last month’s tsunami disaster. […]
Thin Ice
Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent tsunami left behind Rs.15 bn worth of claims, a research analyst warned. Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the […]
Capital Alliance Holdings picks up commodity brokers De Silva Abeywardena & Peiris (Pvt) Ltd for Rs. 10 mn
Rising investment bank Capital Alliance Holdings extended its portfolio by picking up commodity brokers De Silva Abeywardena & Peiris (Pvt) Ltd on Monday in a deal worth Rs. 10 mn. The forty two year old De Silva Abeywardena & Peiris, is currently one of the smallest out of the nine commodity brokers, with interest in […]
Getting Ready
Disaster management experts say now is a ‘teachable moment’ to get Sri Lankans thinking about disaster management and a warning system. Disaster management experts say now is a ‘teachable moment’ to get Sri Lankans thinking about disaster management and a warning system. The devastating tsunami that struck a month ago has created awareness according to […]
’em
The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. Humanitarian […]
Up and Away
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 […]
Millions of rupees in cash, and in the form of relief items, go missing on the way to the tsunami-struck east coast
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 […]
Power struggle over tsunami aid to Tiger territory: sources
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 […]
Treasury Secretary says tsunami reconstruction over the medium term will be inflation neutral but humanitarian efforts will get priority
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 […]
US retains small military presence, focus assistance on reconstruction and work relating to tourism industry
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. […]
Fourth Lane
Plans to expand tsunami damaged roads in the south and east are still on the drawing board, with a final report expected in early February. Plans to expand tsunami damaged roads in the south and east are still on the drawing board, with a final report expected in early February. Officials say a decision to […]
Gold Mine
Around US$ 35 mn worth of monies have flowed into the Central Bank’s special tsunami disaster relief Fund.Around US$ 35 mn worth of monies have flowed into the Central Bank’s special tsunami disaster relief Fund. As at Friday, Rs. 3,522 mn had come in, which includes Rs.453 mn worth of funds channelled to the government […]