Tag: economy

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, […]

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 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 […]

Panic that spread through Galle that tidal waves are re-emerging is easing slightly but police have turned away residents who attempted to return to the town. Eyewitnesses say police in Galle town are trying to clear up putrefying corpses as soon as possible.Already the stench of rotting bodies is in the air. Rotting bodies of […]

The official death toll from the tidal wave in Sri Lanka is now estimated to be 4,590 at mid-day Monday, but missing persons are put at twice that.The official death toll from the tidal wave in Sri Lanka is now estimated to be 4,590 at mid-day Monday, but missing persons are put at twice that. […]

With authorities still focused on disaster relief, the economic costs of the tidal wave in Sri Lanka is yet to be measured in a meaningful way, but tourism and fisheries are the hardest hit.With authorities still focused on disaster relief, the economic costs of the tidal wave in Sri Lanka is yet to be measured […]

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 […]

Local authorities have started mass burials of tsunami victims in Southern Sri Lanka which are piling up unclaimed in hospital in coastal areas as the death toll continues to mount.Local authorities have started mass burials of tsunami victims in Southern Sri Lanka which are piling up unclaimed in hospital in coastal areas as the death […]