Tag: Sri Lanka
IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidising big corporations at the expense of poor savers
IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidizing big corporations at the expense of poor savers.IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidizing big corporations at the expense of poor savers. IMF’s outgoing Resident Representative Jeremy Carter said Central Bank should […]
A Visit to the Former “Tsunami Capital”
The sign below an exhibit at the Pacific Tsunami Museum in Hilo, Hawai’i, claims that Hilo is “the tsunami capital of the world.” Dr George D. Curtis, the scientific advisor to the museum, covered that sign with his hand and said quietly, “now, we’ll have to change that. ” That is just one of the […]
Sri Lanka blames rebel split for killings, praises Tigers “restraint”
Sri Lanka’s government blamed splinter factions of the Tamil rebel movement for the slaying of a top guerrilla leader and praised it for the “restraint” it had shown since the killing.Sri Lanka’s government blamed splinter factions of the Tamil rebel movement for the slaying of a top guerrilla leader and praised it for the “restraint” […]
Power Troubles
The AES Kelanitissa plant is back after a few days off the grid, after the government stepped in to defuse a crisis that was brewing with the Ceylon Electricity Board.The AES Kelanitissa plant is back after a few days off the grid, after the government stepped in to defuse a crisis that was brewing with […]
Double Celebrations
Lanka IOC Ltd., a Sri Lankan fuel retailer, Thursday said its net profit for the nine months to December more than doubled after the company opened more filling stations on the island during that period.Lanka IOC Ltd., a Sri Lankan fuel retailer, Thursday said its net profit for the nine months to December more than […]
In the Dark
Power politics is pushing the Ceylon Electric Board (CEB) into a financial crisis with debts mounting and no increase in revenues. Power politics is pushing the Ceylon Electric Board (CEB) into a financial crisis with debts mounting and no increase in revenues. Government dithering on reforms has put the CEB’s debt restructuring in limbo and […]
NGOs to register with govt., to help state better coordinate relief work
The Finance Ministry Wednesday set up a new office under its External Resources Department (ERD) to coordinate non-government organisations (NGO) post tsunami aid activities. The voluntary signup, ERD’s Kishan Theodore said, would help avoid duplication of effort and spread available resources around all affected areas. “Non-Governmental Organisations are encouraged to obtain the agreement of the […]
Water Works
Australia is giving away 70 water purifiers, each worth A$ 5,000, to tsunami affected communities. Australia is giving away 70 water purifiers, each worth A$ 5,000, to tsunami affected communities. “Initially we are hoping to introduce 70 units but there would be more later,” said Adrian Cohen from the Australian medical risk management company, Immediate […]
Five Tigers, including regional chief killed in Sri Lanka ambush
A Tamil Tiger leader was killed together with four other rebels in eastern Sri Lanka Monday in what appeared to be an internecine clash, government military officials said.A Tamil Tiger leader was killed together with four other rebels in eastern Sri Lanka Monday in what appeared to be an internecine clash, government military officials said. […]
Fresh fears of war in Sri Lanka amid slaying of top Tiger
Sri Lanka Tuesday expressed fears of a return to war after the slaying of a top Tiger rebel amid moves by peace broker Norway and foreign lenders to rebuild the war-ravaged and tsunami-hit nation.Sri Lanka Tuesday expressed fears of a return to war after the slaying of a top Tiger rebel amid moves by peace […]
Tsunami a blessing in disguise for Sri Lanka’s economy
The Indian Ocean tsunamis killed 31,000 people in Sri Lanka and caused unprecedented damage, but were also a blessing to its economy which had been heading for a major catastrophe, according to analysts.The Indian Ocean tsunamis killed 31,000 people in Sri Lanka and caused unprecedented damage, but were also a blessing to its economy which […]
‘s economy
The Indian Ocean tsunamis killed 31,000 people in Sri Lanka and caused unprecedented damage, but were also a blessing to its economy which had been heading for a major catastrophe, according to analysts.The Indian Ocean tsunamis killed 31,000 people in Sri Lanka and caused unprecedented damage, but were also a blessing to its economy which […]