Tag: business

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 […]

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 […]

Flash floods crippled relief work in eastern Sri Lanka dealing a double blow to tsunami survivors as another 14,000 people were reported missing apart from the nearly 29,000 confirmed dead.Flash floods crippled relief work in eastern Sri Lanka dealing a double blow to tsunami survivors as another 14,000 people were reported missing apart from the […]

Over 28,000 dead, tens and thousands missing, and a US$ 1 bn reconstruction bill, but tsunami stricken Sri Lanka is confident of bouncing back with a 0.5 percent drop in gross domestic product next year. Over 28,000 dead, tens and thousands missing, and a US$ 1 bn reconstruction bill, but tsunami stricken Sri Lanka is […]

Over 28,000 dead, tens and thousands missing, and a US$ 1 bn reconstruction bill, but tsunami stricken Sri Lanka is confident of bouncing back with a 0.5 percent drop in gross domestic product next year. Over 28,000 dead, tens and thousands missing, and a US$ 1 bn reconstruction bill, but tsunami stricken Sri Lanka is […]

The World Bank says it will give US$ 250mn to tsunami affected countries to meet urgent rehabilitation work for the next six months.The World Bank says it will give US$ 250mn to tsunami affected countries to meet urgent rehabilitation work for the next six months. “This amount will cover the next six months while further […]

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,” […]