Sri Lanka Insurance
Insurance Company Logos, Profiles & Links in Sri Lanka
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Insurance Company Logos in Sri Lanka
Insurance Company Logos in Sri Lanka. A logo is immediately recognizable as a synonym for the brand and allows the customer to associate the company with the useful qualities such as trust, fair price, and many other key questions about finding the best insurance.Get the best assurance.
Watch out for Sri Lanka’s top insurers, based on cost, coverage, customer service and claim support. Find out which insurance company you trust.
Economy in Sri Lanka
Since becoming independent from Britain in February 1948, the economy of the country has been affected by natural disasters such as the 2004 Indian Ocean earthquake and a number of insurrections, such as the 1971, the 1987-89 and the 1983-2009 civil war. The government during 1970-77 period applied pro-left economic policies and practices. Between 1977 and 1994 the country came under the UNP rule in which under President J.R Jayawardana Sri Lanka began to shift away from a socialist orientation in 1977. Since then, the government has been deregulated, privatizing, and opening the economy to international competition between 1994 and 2004 under SLFP rule.
In 2001, Sri Lanka faced bankruptcy, with debt reaching 101% of GDP. The impending currency crisis was averted after the country reached a hasty ceasefire agreement with the LTTE and brokered substantial foreign loans. After 2004 the UPFA government has concentrated on mass production of goods for domestic consumption, such as rice, grain and other agricultural products. However, twenty five years of civil war slowed economic growth, [citation needed] diversification and liberalization, and the political group Janatha Vimukthi Peramuna (JVP) uprisings, especially the second in the early 1980s, also caused extensive upheavals.
Tourism
Tourism is one of the main industries in Sri Lanka. Major tourist attractions are focused around the island’s famous beaches located in the southern and the eastern parts of the country and ancient heritage sites located in the interior of the country and resorts located in the mountainous regions of the country. Also, due to precious stones such as rubies and sapphires being frequently found and mined in Ratnapura and its surrounding areas, they are a major tourist attraction.
The 2004 Indian Ocean Tsunami and the past civil war have reduced the tourist arrivals, however the number of tourists visiting have been recently increasing, beginning in early 2008. March 2008 by 8.6% and Sri Lanka attracted 1,003,000 tourists in 2012 according to the Central Bank of Sri Lanka’s 2013 roadmap
Tea industry
The tea industry, operating under the Ministry of Public Estate Management and Development, is one of the main industries in Sri Lanka. It became the world’s leading exporter in 1995 with a 23% share of global tea export, higher than Kenya’s 22% share.
The central highlands of the country have a low temperature climate throughout the year and annual rainfall and the humidity levels that are suitable for growing tea. The industry was introduced to the country in 1867 by James Taylor, a British planter who arrived in 1852.
Recently, Sri Lanka has become one of the countries exporting fair trade tea to the UK and other countries. It is believed that such projects could reduce rural poverty.
Apparel and textile industry
The apparel industry of the Sri Lanka mainly exports to the United States and Europe. Europe increasingly relies on Sri Lankan textiles due to the high cost of labor in Europe. There are about 900 factories throughout the country serving companies such as Victoria’s Secret, Liz Claiborne and Tommy Hilfiger.
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