Tag: business

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 […]

Indonesia’s death toll of 25,000 people may be higher than Sri Lanka’s body count, following the earthquake and tidal wave that struck on Boxing Day, which left tens of thousands of people dead, injured or missing.Indonesia’s death toll of 25,000 people may be higher than Sri Lanka’s body count, following the earthquake and tidal wave […]

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 […]

Colombo stocks fell nearly one percent as the market opened for trading on Tuesday.Colombo stocks fell nearly one percent as the market opened for trading on Tuesday. Analysts were expecting the market to take a hit, after hotel firms, which led a recent rally, were devastated by Sunday’s tidal wave. However resorts north of Colombo, […]

Panicked residents in Galle is running for safety as fresh tsunami fears emerge. An lbo correspondent near Karapitiya Hospital says patients have started to climb to the roof in search of safety Panicked residents in Galle is running for safety as fresh tsunami fears emerge. An lbo correspondent near Karapitiya Hospital says patients have started […]

Sri Lanka’s money markets opened for trading on Monday and Central Bank is standing by to provide liquidity needs of money and foreign exchange markets, officials said.Sri Lanka’s money markets opened for trading on Monday and Central Bank is standing by to provide liquidity needs of money and foreign exchange markets, officials said. But the […]

Sri Lanka has so far reported the highest loss of life from the tsunami that swept nations bordering the Indian Ocean on Sunday. LBO Cameras captured some scenes in the aftermath of the tidal wave that has so far killed over 4500. Sri Lanka has so far reported the highest loss of life from the […]

A team of six UN experts in humanitarian aid delivery is due in Sri Lanka today to assess the current situation and help the government draw up an international appeal for help. A team of six UN experts in humanitarian aid delivery is due in Sri Lanka today to assess the current situation and help […]