Author: LBO
Don’t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. "Over 75 percent of large […]
Sri Lanka’s economy expected lag behind other Asian countries this year: ADB
Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank said. Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank […]
Two more killings in Sri Lanka’s troubled east
A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday.A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday. Unidentified gunmen shot dead a policeman guarding a warehouse holding tsunami relief […]
Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements
Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still leaves them short changed.Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still […]
8.5 quake hits Indonesia’s tsunami region
An earthquake measuring 8.5 on the Richter scale rocked northern Sumatra in the same Indonesia region which provoked the Asian tsunami disaster in December, the US Geological Survey said Monday.An earthquake measuring 8.5 on the Richter scale rocked northern Sumatra in the same Indonesia region which provoked the Asian tsunami disaster in December, the US […]
Powerful earthquake measuring up to 8.5 on the Richter scale hit Indonesia’s tsunami-devasted Sumatra
AFP reports out from Jakarta said that a powerful earthquake measuring up to 8.5 on the Richter scale hit Indonesia’s tsunami-devasted Sumatra island late Monday, causing major panic and power blackouts, officials and reports said.AFP reports out from Jakarta said that a powerful earthquake measuring up to 8.5 on the Richter scale hit Indonesia’s tsunami-devasted […]
Monday’s earthquake off the nothern tip of Indonesia has been described as an aftershock
Monday’s earthquake off the nothern tip of Indonesia has been described as an aftershock, one of many that has been shaking up the region since the 9.0 quake that killed over 200,000 people on the day after Christmas.Monday’s earthquake off the nothern tip of Indonesia has been described as an aftershock, one of many that […]
Tsunami survivors’ line up for biggest free lunch buffet
Sri Lankan school children and women stand in a queue as they wait for a free lunch offered by a charity organisation 26 March 2005 at the tourist resort town of Hikkaduwa in southern Sri Lanka as the region marks the three-month anniversary of the December 2004 tsunamis that killed nearly 400 people in the […]
Sri Lanka peace talks on ‘backburner’
Sri Lanka’s foreign minister ruled out an early resumption of peace talks to end a three-decade conflict with Tamil Tiger rebels but said a deal on disbursing tsunami relief was possible. Sri Lanka’s foreign minister ruled out an early resumption of peace talks to end a three-decade conflict with Tamil Tiger rebels but said a […]
Mix ‘n Match
The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with John Keells Holdings to speed the delivery of relief supplies to tsunami victims in Sri Lanka, restore education and health facilities, and provide clean water to relief camps.The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with […]
It’s Official
TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock Exchange. TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock Exchange. In a statement […]
HSBC Global Markets, structures a US$ 34.05 mn derivative deal for Sri Lanka’s ACE Power Embilipitiya
HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s ACE Power Embilipitiya in a deal worth US$ 34.05 mn. HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s ACE Power Embilipitiya in a deal worth US$ 34.05 mn. ACE Power will hedge its […]