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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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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Vision Policy Goals and Objectives Rights‚ Responsibilities and Obligations of young men and women 6.1 6.2 6.3 6.4 Rights of youth Responsibilities of youth Responsibilities of Parents and Adults Responsibilities of the State 4 5 6 7 Priority Target Groups 7.1 7.2 7.3 7.4 7.5 7.6 High risk group Youth exposed to criminal environment and socially stigmatized Traumatized and stressed Victims of circumstances Isolated and marginalized Youth who need prompt attention 22 22 22 22 23 25 8
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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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Introduction Overview of Garment industry in Sri Lanka Garment industry has an important place in Sri Lanka’s economy. It has become Sri Lanka’s largest export industry since 1986. It is also the country’s largest net foreign exchange earner since 1992. The garment industry in Sri Lanka expanded rapidly after the liberalization of the economy in 1977. During the 1990s‚ the garment industry grew at 18.5 per cent per annum. The export-led expansion of the industry led to the replacement of tea by
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Energy Drinks: An Analysis Modern life has become fast-paced and the multitudes of work to be done require plenty of effort now more than before. Be it in school or in the office‚ many people have turned to energy drinks as a source of boost for their inadequate physical endurance and mental strength in addressing the demands of modern living. As the name itself easily suggests‚ ‘energy drinks’ are supposed to supplement people with the energy they need. Since they contain a combination of vitamins
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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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What is Gainsharing ? By Angela Bowey http://www.gainshare.co.nz Background: Gainsharing is a form of remuneration‚ but it is different from most other forms. The traditional model of wage or salary negotiation has employers seeking a ’good deal’ in terms of performance and effort for the money they pay their employees; and employees seeking the best pay they can obtain for their work. This model is particularly evident in systems such as piecework‚ where the bargaining between adversaries
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Energy Drinks For various reasons I believe that energy drinks should have an age limit on them. Some people may disagree with me for they think that they are just a strong caffeine drink that will keep them awake during the day. However‚ I believe that energy drinks can cause very bad behavior. Also‚ they can cause not only bad behavior‚ but they can be a lead to a big risk to the consumer’s health and safety. Finally‚ the most important reason is that mixing these drinks with alcohol is a popular
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stay awake. Companies today have created a drink that will kick the effect of being tired and feeling drowsy. Energy drinks today come in different sizes and names. They are becoming a growing problem in America today. Coffee is normally considered to be your more older generation not something really suited for a younger crowed like teenagers. But Energy drinks like Monster ‚Red Bull‚ AMP and Rockstar Advertise their product to any one that will drink them . They use movie stars and sports stars
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