Sandip Kumar Kundu (Student Id: P000099745) Word Count: 4300 International Business Experience (BA 670) Introduction: The end of Sri Lanka’s long-running civil war in May 2009 and prevalence of peace for more than four years has given a new rays of hope to usher an era of sustained positive growth and economic development. Sri Lanka can still be a difficult place to business due to poor infrastructure‚ corruption and erratic policy environment‚ but the geographical natural location
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had been planning how to spend the vacation this time. There were many proposals. My parents wished to go to our home town‚ and be with my grandparents for about six weeks or so. My friends had a trekking expedition up their sleeves‚ while my classmate wished to go to some hill station on an education-tour for which our class-teacher had also given consent. I wished to avail of all three proposals. First‚ I made my mother and elder sister agree to my going on the tour‚ with my class and the teacher
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education and healthcare. Their aim is to give service to the people and less emphasis is made on profit making. Public cooperation is the widely known type of public sector business entity. The non-profit sector is derived with organizations that do not distribute their surplus funds to owners or shareholders‚ but instead use them to help pursue their goals. Examples include charitable organizations‚ trade unions‚ and public arts organizations. In private sector‚ businesses are financed and
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1. Introduction of tea industry : * Historical Background: Tea was introduced to Sri Lanka after coffee was destroyed by Coffee Leaf Rust in the 19th century. James Taylor‚ a Scottish planter‚ established the first commercial tea plantation in 1867 at Loolkandura Estate in Kandy District of Sri Lanka. The great success of tea planting attracted English planters and more plantations were established‚ replacing existed coffee fields. Subsequently‚ as the coffee area was not big enough to
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Introduction To Contract Law: A contract is ’a promise or set of promises which the law will enforce’ (Pollock Principles of Contract (13th Edn) 1). The expression ’contract’ may‚ however‚ be used to describe any or all of the following: 1. that series of promises or acts themselves constituting the contract; 2. the document or documents constituting or evidencing that series of promises or acts‚ or their performance; 3. the legal relations resulting from that series. A contract may be defined
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Comments on The Present Global Financial Crisis and Sri Lankan Economy by Mr Ajith Nivard Cabraal‚ Governor of the Central Bank of Sri Lanka 10 October 2008 1. The Global Economy is in Turmoil. The ongoing financial crisis originated as a result of the subprime mortgage crisis (SMC)‚ erupted in mid 2007. The SMC erupted due to the bursting of the US Housing Bubble and high default rates on “Sub Prime Mortgages”‚ beginning 2006. The major cause for this financial crisis was the reckless providing
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you at that most trying time. I only have one moment that really sticks out in my mind. <br> <br>Christmas on 1997 my family and I went to The Banquet which is a local food provider for the less fortunate in Sioux Falls. Being thrilled about this certain project my mom decided we should do was not quiet my attitude. I didn’t want to spend Christmas in a dusty old high school serving food to people. Why could we just be normal and stay home with family. But despite all my protest it was set and we were
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Geoffrey Bawa was born in Ceylon (now known as Sri Lanka)‚ the younger son of a wealthy Muslim lawyer and his Dutch Burger wife. After graduating‚ he studied English at Cambridge and Law in London. He had always preferred to be treated as a Ceylon-born European instead of a Ceylonese who had some European blood in his veins. Perhaps he came to the conclusion that he was more Asian than European‚ Bawa decided to return to Colombo in 1948. “Soon after he returned‚ he bought an abandoned rubber estate
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assignment successfully. We would also like to appreciate the commitment of staff members of Sri Lanka tourism development authority‚ who have helped us to obtain information of past situations‚ present position and future estimation of tourism industry in Sri Lanka. Executive summary The purpose of this report is to develop comprehensive strategic plan to re-engineer tourism industry in Sri Lanka and to earn foreign exchange to the country. The development of the plan was carried out by considering
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financial reporting environment in Sri Lanka and its impact on the companies listed on the Colombo stock exchange. Hotel SIGIRIYA PLC has been chosen to study the financial reporting requirements‚ cultural impacts and the political influences on the Sri Lankan listed companies. 1. Financial Reporting Environment in Sri Lanka 1.1. Current financial reporting requirements for publically listed companies in Sri Lanka. In August 2007‚ two stages were adopted by Sri Lankan accounting standards regulators
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