Financial sector slow to grant state tourism relief - News Summed Up

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Financial sector slow to grant state tourism relief


Financial sector slow to grant state tourism relief By Sunimalee Dias View(s): View(s):With only four banks making good progress on the relief package granted by the government to the tourism industry, some at the peripherals seem to have been left out in the process even as other financial institutions are yet to fall in line. Tourism Development Minister John Amaratunga said that while the state banks had fallen in line and were providing relief to the tourism industry some of the private sector banks and leasing companies were yet to do so. Private banks had minor problems which was the main reason for the delay but now they too have provided relief to their customers in the tourism industry, it was noted. Two months since the Easter bombings the tourism industry continues to reel from the after effects of the attacks as tourists are slow to arrive in the country following a number of travel advisories against Sri Lanka. “A few more banks need to be told they need to honour the government decision to help provide relief to the tourism industry,” Mr. Amaratunga said.


Source: Sunday Times June 15, 2019 19:06 UTC



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