business; the business can fall into one of the three standard sectors. There are; private sector‚ public sector and nonprofit sector. The part of the economy concerned with providing basic government services is called public sector. In most countries the public sector includes such services as the military‚ public transit‚ primary 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
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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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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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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 thorough analysis
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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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Sri Lanka is a developing country with an open economy. Sri Lanka’s economic progress has been quite satisfactory in last 30 years. In Sri Lanka apparel industry is one of most important contributor to the country’s economy with the largest GDP and foreign exchange earnings. Garment industry provides the single largest employment to the country‚ which provides more than one million of direct and indirect employments. Sri Lanka is currently facing a huge competition with other larger scale competitors
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NATIONAL YOUTH POLICY The final DRAFT prepared by The Committee appointed by the Hon. Minister of Sports and Youth Affairs MEMBERS Prof. Lakshman Jayatilleke (Chair) Prof. Siripala Hettige Prof. M T M Jifffry Mr. O Arumugam Ms. Sriyanie Wijesundara (Convener) CONTENT Abstract Page 1. 2. Preamble Introduction 2.1 2.2 2.3 2.4 2.5 2.6 2.7 Background Purpose and Rationale Definition of Youth Historical Contemporary issues affecting young women and men Youth Profile Background to the
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"AYUBOWAN" May you have the gift of long life! It is with this traditional greeting‚ that everyone is welcomed to Sri Lanka‚ the paradise island. For a small island Sri Lanka has many nicknames; Serendip‚ Ceylon‚ Tear drop of India‚ Resplendent Isle‚ Island of Dhamma‚ Pearl of the Indian Ocean. This colorful collection reveals its richness and beauty‚ and the intensity of affection it has evoked in visitors. Many travelers‚ from ancient mariners and merchants‚ to modern astronauts and business people
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2.1 The comparison of GDP between Malaysia and Sri Lanka and its reasons The Comparison of Gross Domestic Product between Malaysia & Sri Lanka Year Country | Gross Domestic Product-Real Growth Rate | Malaysia | Sri Lanka | 2009 | -1.70% | 3.50% | 2010 | 7.20% | 9.10% | 2011 | 5.10% | 8.20% | Gross domestic product (GDP) is one the primary indicators used to gauge the health of a country’s economy. This is the statistic
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of Form | Approval Procedures – Tourism ProjectsThe Sri Lanka Tourism Development Authority is committed to help potential investor invest in Sri Lanka. Lucrative incentive programs are available and the Director‚ Planning and Development is available to assist interested organizations and individuals. | | Procedure 1. The Project Proponent should submit a project proposal to the Director/Planning & Development of the Sri Lanka Tourism Development Authority (SLTDA) (Tel. 011-2437062)
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