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Tsunami Crisis: January 5, 2005

Tsunami Cost Estimated Over $15 Billion

Singapore - The tsunami havoc could add up to an overall capital loss of US$15bn in India, Indonesia, Sri Lanka and Thailand, a Citigroup report said on Wednesday.

But the US banking firm shared the consensus view that total economic costs will be marginal compared to the human losses.

Posted by tim at January 5, 2005 1:07 AM




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