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| Sunday, 12 December 2004 |
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Business |  |
| News Business Features Editorial
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Business in brief Tourism reaches potential The tourism industry is growing primarily due to the prevailing peaceful environment in the country. Upto October this year tourist arrivals have increased by 12.1% compared with 2003, Tourist Board sources said. During the period tourist arrivals are recorded as 435072, an increase of 47098 compared with 387974 during the same period of 2003. In October 59442 tourists arrivals recorded an increase of 19.1% compared with October 2003. The highest growth in tourist arrivals is recorded in September and is a 42.9% increase compared with September 2003. PERC establishes Monitoring and Evaluation unit PERC has established a Monitoring and Evaluation Unit to carry out reviews and surveys of divestitures, to examine, evaluate and assess the impact of divestitures and also successes and failures and causes therefore. Such review and survey will also assist to establish a fund to finance any post divestiture requirements; and will be invaluable to the Government and the Donor agencies. The various aspects of assessment include growth development and diversification, growth in employment generation, market position of products and services, financial stability, viability and profitability, and divestiture proceeds and contribution to Government by way of taxation, and in addition the impact of the share market and market capitalization, the impact on the consumer public and problems faced during the process of divestiture and thereafter. |
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