Tag: business

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 […]

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 […]

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 […]

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 […]

The World Food Programme (WFP) stepped in on Monday to feed 400,000 people displaced by tidal waves in Sri Lanka.The World Food Programme (WFP) stepped in on Monday to feed 400,000 people displaced by tidal waves in Sri Lanka. “The WFP is to provide nearly 4,000 metric tons of rice, wheat, lentils, and sugar valued […]

The Banking sector is mooting plans for a fund to meet immediate rebuilding needs in the hotel sector in the tidal wave affected south and east of Sri Lanka.The Banking sector is mooting plans for a fund to meet immediate rebuilding needs in the hotel sector in the tidal wave affected south and east of […]

Sri Lanka’s opposition United National Party has pledged support to the government and expressed confidence that the country can emerge from the disaster by remaining resolute and moving forward with the support of the international community.Sri Lanka’s opposition United National Party has pledged support to the government and expressed confidence that the country can emerge […]

Sri Lanka’s Central Bank has put together a top level team to assess the economic impact following a tidal wave that left over 14,000 dead and displaced millions of people.Sri Lanka’s Central Bank has put together a top level team to assess the economic impact following a tidal wave that left over 14,000 dead and […]

Indian news wire reports that five naval warships loaded with relief supplies have left for Sri Lanka as Indian Air Force despatched three AN-32 transport aircrafts carrying relief and medical supplies to earthquake and tidal wave devastated Andaman and Nicobar islands. Indian news wire reports that five naval warships loaded with relief supplies have left […]

The government says it will give Rs10,000 for the burial of every local person killed by the tidal wave on Sunday.The government says it will give Rs10,000 for the burial of every local person killed by the tidal wave on Sunday. “We are giving Rs 10,000 for each body so that they can be buried […]