Economy & Markets

The EU fields a team to tsunami hit Asia to decide how € 350 mn should be spent.

The European Commission will field a team to tsunami hit Indonesia and Sri Lanka today, to best decide how to spend € 350 mn for reconstruction work. buy …

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. online …

Central Bank appoints top level committee to look into the future viability of primary dealers

Sri Lanka's Central Bank has appointed a committee to look into the future of primary dealers, after a move to raise their capital to Rs. online pharmacy buy …

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, …

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 …

Commercial Bank comes out with Bangladesh’s maiden bond paper

Commercial Bank of Ceylon is taking Bangladesh's nascent capital markets up another step by issuing the country’s first debenture issue shortly. Commercial …

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 …

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 …

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 …

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 …

The government is hoping to decide the fate of previously approved and now invalid coastal building projects, including hotels, on Tuesday

The government is hoping to decide the fate of previously approved and now invalid coastal building projects, including hotels, on Tuesday. The government is …

Tsunami survivors protest corrupt aid distribution

Hundreds of tsunami survivors in Sri Lanka took to the streets in southern Matara district to protest corrupt aid distribution, police said. buy tadasiva …

The East coast will take up to 40 percent of rebuilding spend, with the tsunami bill at a final US$ 1.5 bn

Sri Lanka’s top donors say the East coast will take up to 40 percent of the country spend on rebuilding, with the tsunami re-construction bill at a final US$ …

Sri Lanka’s ruling Marxists demand probe on foreign tsunami volunteers

Sri Lanka's main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused Tiger rebels …

Japan urges Sri Lanka to use tsunami to push for peace

Japan Tuesday urged Sri Lanka's government and Tamil Tiger rebels to use the tsunami to unite and to push the Norwegian-backed peace process forward. online …

Treasury Secretary says tsunami reconstruction over the medium term will be inflation neutral but humanitarian efforts will get priority

Treasury Secretary says tsunami reconstruction over the medium term will be inflation neutral but humanitarian efforts will get priority now even if it affects …