Category: Industry
Sri Lankan Tsunami – Aid Drip
The Asian Development Bank said it will re-allocate existing funds of up to US$ 25 mn so that urgent aid can be rolled out quickly to disaster hit areas.The Asian Development Bank said it will re-allocate existing funds of up to US$ 25 mn so that urgent aid can be rolled out quickly to disaster […]
Wash Out?
Tsunami-hit Sri Lanka has claimed over 20,000 lives, with the insurance industry receiving claims for over Rs.5 bn so far. Tsunami-hit Sri Lanka has claimed over 20,000 lives, with the insurance industry receiving claims for over Rs. 5 bn so far. While the economic losses are expected to be enormous, the insurance losses arising from […]
Eleven hotels resume operations in the South
Eleven hotels resumed operations in the South after Sunday’s tidal wave caused widespread destruction along the coast and a death toll touching 25,000. Location Hotels in Operation Hotels out of Operation Bent
Medical Worry – Tidal Wave Update 4
Rotting human and animal remains, lack of clean water and overstretched medical facilities are increasing the risk of disease in Sri Lanka’s tsunami struck coastal areas, as the disaster enters its third day. Rotting human and animal remains, lack of clean water and overstretched medical facilities are increasing the risk of disease in Sri Lanka’s […]
Sri Lanka Tsunami – Waiting Game
The Boxing Day tsunami strike on the Sri Lankan coastline is expected to wipe off the bottomlines of local insurance companies, with the industry waiting for clarifications from international re-insurers before settling claims.The Boxing Day tsunami strike on the Sri Lankan coastline is expected to wipe off the bottomlines of local insurance companies, with the […]
Postpone vacations to Sri Lanka the tourism authorities
Sri Lankan tourism authorities ask foreign tourists to stay away for the next few weeks, as the tsunami hit island grapples with evacuation needs in-house and from the Maldives.Sri Lankan tourism authorities ask foreign tourists to stay away for the next few weeks, as the tsunami hit island grapples with evacuation needs in-house and from […]
Hotel halls are converted into makeshift shelters, with 200 beds collected in city hotels.
Converting hotel halls and clubs into makeshift shelters, the Tourism Ministry has got together some 200 beds in city hotels to house tourists stranded after the weekend disaster.Converting hotel halls and clubs into makeshift shelters, the Tourism Ministry has got together some 200 beds in city hotels to house tourists stranded after the weekend disaster. […]
Fuel Flow
Sunday’s tsunami puts one of Sri Lanka’s main fuel storage centres out of business, starving the Southern region of fuel. Sunday’s tsunami puts one of Sri Lanka’s main fuel storage centres out of business, starving the Southern region of fuel. “The Galle depot is not operational.We don’t know the extent of damage yet. A team […]
Lanka Disaster – Lines Busted
Fixed line phone services in Tangalle, Hambantota and Matara are completely disrupted after the weekend tidal wave, Sri Lanka Telecom said today. Fixed line phone services in Tangalle, Hambantota and Matara are completely disrupted after the weekend tidal wave, Sri Lanka Telecom said today. The network was affected after the tidal wave submerged and severely […]
Cautious Capital
Sri Lanka’s interbank markets are quoting clean money at 9 and repo at 8.125 after market opened for trading.Sri Lanka’s interbank markets are quoting clean money at 9 and repo at 8.125 after market opened for trading. The foreign exchange markets yet to become active but officials say the Central Bank is ready to provide […]
Day2 Update 7 – Free Chat
Sri Lanka Telecom is offering free calls to people who call over at their regional offices located in areas affected by a tidal wave that swept through the island on Sunday leaving over 14,000 dead and millions homeless.Sri Lanka Telecom is offering free calls to people who call over at their regional offices located in […]
It’s the day of death in the Paradise isle on Monday, with bodies of some 70 foreign tourists recovered so far
It’s the day of death in the Paradise isle on Monday with the body count of locals and foreigners rising as the seawaters subsided following tidal wave that has taken over 5,000 lives and displaced over a million people in Sri Lanka.It’s the day of death in the Paradise isle on Monday with the body […]