D'WellResearch ..... Updates on Sri Lanka
Highlights of March 2012
- Sri Lanka’s car market which enjoyed a brief boom has once again plummeted due to the tax revisions.
- Sri Lanka says, work towards transforming several domestic airports to commercial airports is now underway.
- Sri Lanka's first ever pharmaceutical manufacturing plant launched.
- Use of mobile phones has grown rapidly among the poor in Sri Lanka, becoming almost an indispensable business tool among small entrepreneurs and farmers, according to a new study.
- Sri Lanka had 18,417 million mobile subscribers at the end of September 2011, with a net addition of 241,000, down from 438,000 in June 2011.
- Sri Lanka has seen a steep drop in the use mail in 2011, while telecom services continued to expand, increasing losses of a state-run postal service, official data showed.
- Sri Lankan apparel industry in optimistic mood.
- The power sector of Sri Lanka is expected to lose a record a Rs. 43 billion this year, the Power and Energy Ministry has said.
- Sri Lanka’s electricity sector’s dependency on costly thermal power has increased during the last six months, as the country’s hydro power generation has dropped significantly due to lack of adequate rainfall.
- Tourist arrivals increased by 21.1 percent in March compared to the same period last year. The number of tourist arrived in March amounted to 91,102 while it was 75,130 in March last year.
- Sri Lanka is now achieving vast development and progress in the tourism industry by attracting international tourists to its shores.
| Vol-1, Issue-3 |
April 2012
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(c) - D'Well Research
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