Posts Tagged ‘economy’
Tourists shun war-hit Sri Lanka
[Telegraph] Unfortunately, the violence has intensified over the last few months as the government has squeezed the LTTE forces back into the northern tip of the country. And this escalation has started to negatively impact the economy, with tourism , one of Sri Lanka’s key industries, severely affected. Although the reporting restrictions put in place…
Read MoreINTERVIEW-S.Lanka’s Tigers say no surrender despite setbacks
[Reuters] Sri Lanka’s separatist Tamil Tigers on Tuesday vowed to fight on even if they lose more territory inside the area they want to establish as a separate nation for Sri Lanka’s Tamil minority. In an e-mail interview from an undisclosed location in northern Sri Lanka, Balasingham Nadesan, political head of Liberation Tigers of Tamil…
Read MoreTerror, Recession Put Tourism in the Doldrums
[IPS] According to the World Travel and Tourism Council’s estimates for 2008, travel and tourism together were expected to contribute 2.9 billion dollars to the economy and account for one in every 15 jobs (or 567,000 jobs). This is considered vital at a time when the country is diverting a major chunk of its resources…
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