Sri Lanka offers an aid package to restore the tourist industry affected by Easter attacks
COLOMBO: The Sri Lankan Government Has Announced And Subsidized A One-Year Debt Moratorium For The Tourism Sector As A Series Of Measures To Help The Tourism Sector Repaired Hardly By The Easter Terror Attacks
The Relief Package Comes Because The Official Figures For Tourist Arrival On Tuesday, The First Monthly Report Since The Terrorist Attacks, Showed That Sri Lanka's Tourist Numbers Fell By 7.5 Percent In April 2019 Compared To The Same Period Last Year.
The Sri Lanka Tourism Development Authority Said April 166,975 Foreign Tourists Registered In The Country, Compared To 180,429 In April 2018, A 7.5 Percent Drop On Arrival Of Tourists From Abroad.
Minister Of State For Finance Eran Wickremeratne Said The Debt Moratorium Is Granted By The Central Bank Of Sri Lanka To Institutions And Persons In The Tourism Sector, Case By Case.
The Moratorium Period Was Granted To The Tourism Sector Until March 31, 2020, For Both Capital And Interest Payments, From April 18, 2019, The Minister Said.
The Interest Subsidy Is Supported By The Government On Outstanding Credit Facilities, Both Capital And Interest, He Said.
Working Capital Debts And Interest Are Treated As Separate Loans That Must Be Repaid From July 2020 Working Capital Loans Are Based On Hotel Revenues.
Up To 75 Percent Of The Interest Will Be Subsidized, The Foreign Minister Said.
Value Added Tax On Hotels Will Also Be Reduced To 5 Percent Of 15 Percent, Wickremeratne Said.
Duty Free Imports Are Allowed For Security Equipment Such As Portable Metal Detectors, Walk-Through Metal Detectors, X-ray Inspection Equipment For Luggage And Vehicle Scanners.
The Bombings, Targeting Three Christian Churches And Three Hotels, Killed More Than 250 People, Including 44 Foreigners, And Injured More Than 500, Including 37 Foreigners.
Officials In The Tourism Industry Said There Were 70 Percent Cancellations From Previous Bookings After The Attacks.
The US, China, UK, India, And Australia Were Countries Receiving Travel Warnings In Sri Lanka Following The Blasts Of The Local Islamic Extremist Group National Thawheed Jammath (NTJ).
Sri Lankan President Tuesday Called On The Community To Lift Up The Warnings Issued After The Terrorist Attacks.
Tourism Is Good For About Five Percent Of The Economy Of Sri Lanka ' India, Great Britain And China Are The Most Important Markets. In 2018, The Country Earned Approximately $ 4.4 Billion From The Tourism Sector.
About 450,000 Indian Tourists Visited Sri Lanka Last Year And The Island State Expected The Total Indian Tourist Arrivals In 2019 Would Exceed A Million
Sri Lanka Tourism Development Authority President Kishu Gomes Has Said That The Arrival Of Tourists Is Expected To Fall 60 Percent In May.
It Is Expected That In 2019 Sri Lanka Will Lose $ 1.5 Billion In Revenue To Tourism.