world financial crisis – People for Equality and Relief in Lanka

Financial crisis hits Sri Lanka

By pearlaction | January 20, 2009 |

[ Reuters ] The world financial crisis will cut 2009 tourist arrivals in Sri Lanka to their lowest level in seven years, potentially stripping gains expected as a 25-year war nears an end, tourism officials said. Tourism is the Indian Ocean island nation’s fourth-biggest source of foreign exchange after garments, remittances, and tea, and is…

Money, not war will hurt Sri Lanka tourism in ‘09

By pearlaction | January 17, 2009 |

[Reuters] The world financial crisis will cut 2009 tourist arrivals in Sri Lanka to their lowest level in seven years, potentially stripping gains expected as a 25-year war nears an end, tourism officials said on Friday. Tourism is the Indian Ocean island nation’s fourth-biggest source of foreign exchange after garments, remittances, and tea, and is…