1. SRI LANKA A DESTINATION FOR TRAVEL AND TOURISM 1.1Tourist arrivals through the years Over the years Sri Lanka has been a tourist attraction. The tourism industry in Sri Lanka has gone through an up and down road mostly due to the instability of the country. The graph below shows these fluctuations. Source: Annual Statistical Report of Sri Lanka Tourism-2007 & Sri Lanka Tourism Development Authority. The above graph shows how much Sri Lanka’s tourism industry has declined considering
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IMaCS Research & Analytics TRAVEL AND TOURISM September 2011 Prepared by Industry Report on Sri Lanka And i Contacts: W Don Barnabas‚ Managing Director/CEO ICRA Lanka Limited‚ #10-02‚ East Tower‚ World Trade Center‚ Colombo 01‚ Sri Lanka Telephone: +94 11 4339907 Mobile: + 94 773417517 Fax: +94 11 2333307 Email: wdbarnabas@icralanka.com www.icralanka.com V Sriram Chief General Manager ICRA Management Consulting Services Limited India Telephone: +91 44 4596 4329
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Abstract On the whole‚ this paper gives an analysis on the impact of globalization on Sri Lanka and further examines the industrialization experience in Sri Lanka following the market-oriented policy transformation instigated in 1977‚ while emphasizing on the establishment of trade Policies including Foreign-Direct-Investments (FDI). Moreover‚ this paper recognizes that policy alterations have positively played a key role in converting a primary-product-exporting economy to an economy which manufactures
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Inflation Management through the Interest Rate Channel in Sri Lanka 1. Introduction Monetary policy comprises the rules and actions adopted by the central banks to achieve their objectives. In most countries the primary objective of the monetary policy is price stability. The Central Bank of Sri Lanka (CBSL) has two core objectives: (1) maintaining price and economic stability and (2) maintaining financial system stability (Central Bank of Sri Lanka 2012‚ ‘About the Bank’‚ para. 1). To attain the objective
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Sri Lanka is an island in the Indian Ocean‚ also often called the “The Pearl of the Indian Ocean”. Tourism in Sri Lanka has had its ups and downs. Such things like the civil war is now over‚ but for the past thirty years that the war was ongoing‚ a lot of people feared to travel to Sri Lanka and the devastating 2004 Indian Ocean tsunami . But despite all these events‚ the tourism in Sri Lanka is still one of the major profit generating industries. Sri Lanka may be a small island‚ but it has a
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Sri Lanka after thirty years of war; the achievements so far and the challengers ahead For nearly three decades‚ Sri Lanka has been scarred by a bitter civil war driven by ethnic tensions. In May 2009‚ the Government of Sri Lanka announced a decisive military victory over the Liberation Tigers of Tamil Eelam (LTTE or Tamil Tigers). The war claimed thousands of deaths and tensions between ethnic groups remain high. If left to simmer below the surface‚ these tensions could threaten the fragile
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Causes of Conflict in Sri Lanka : Citizenship rights In 1948‚ Sri Lanka granted citizenship to those who were either born there in Sri Lanka or those fathers and grandfathers were born there. As a result‚ many Indian Tamils found themselves stateless. Though India tried to solve the problems‚ many Indian Tamils continued to stay stateless in the 1980s.In 2003‚ Sri Lanka passed the Grant of Citizenship to the person of origin Bill-Citizenship was given to any person or descendants of Indian
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large part on the shoulders of women. The Sri Lankan economy’s main foreign exchange earners used to be tea‚ rubber and coconut cultivation for export. Apart from these commercial crops‚ paddy (rice) cultivation has been the mainstay of the rural economy. Women’s labour plays an important role here‚ but in most instances is not taken into account. The traditional economic pattern has completely changed during the last 10-15 years. Remittances from Sri Lankans employed in the Middle Eastern countries
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Critically evaluate the possibility of using tourism as a tool to develop post war Sri Lanka Table of Content Introduction Page No: Introduction 03 Main Body 04 Conclusion 13 Introduction In countries like Maldives‚ Malaysia‚ Singapore and Spain‚ tourism and related recreation activities play a significant role in the generation of income / foreign exchange and provision of employment opportunities. In fact‚ in the global context this industry is identified
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Villa rentals in Sri Lanka Sri Lanka‚ the land of serendipity as many believe is one of the most beautiful islands ever in the Indian ocean‚ with a great heritage‚ breathtaking sceneries‚ more than enough peace and tranquility‚ which is perfect for someone who looking for an amazing holiday getaway. I hope that anyone who has been here won’t mind if it is said that this lush and tropical island is nothing but a paradise for a perfect vacation. It doesn’t matter whether you are someone who is
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