Tue, 05 Mar 2024 Today's Paper

Harry J. calls for wage subsidy from govt. to safeguard livelihood of tourism sector workforce

11 June 2021 09:17 am - 0     - {{hitsCtrl.values.hits}}

A A A

  • Seeks extension on moratoria for loans that expire in Sept.

Chairman of tourism-heavy Aitken Spence PLC, Harry Jayawardena called for a wage subsidy model from the government to safeguard the livelihoods of nearly half a million people employed in the leisure industry, which has been dealt a double whammy—first with the Easter attacks in 2019, and then the COVID-19 pandemic since last year. 


The fresh call from Aitken Spence, one of the largest resort operators in Sri Lanka and Maldives, comes as the industry grapples with extended disruptions to its business due to the virus resurgence in April. 


Sri Lankan tourism sector employs over 400,000 people directly and indirectly, and accounts for 4.3 percent of the country’s gross domestic product (GDP). The virus related restrictions pushed over half a million into poverty last year alone, the Finance Ministry said last week. 


“Safeguarding livelihoods to craft  our recovery was key as we recognise that our employees are the drivers of success. Therefore, there was an understanding that we would safeguard the quality and the level of their livelihoods by protecting jobs,” Jayawardena said. 


Although the industry saw some recovery during the first three months of 2021 with the revival in domestic travel, it was not even closer to the lost revenues and was not enough to cover overheads of the sector. 


However, that short window where the local visitors could travel mitigated the losses and managed to uphold the livelihoods of many thousands who are dependent on this sector, 
Jayawardena added.


Meanwhile, he called for extended payment holidays on the loans to the sector as recovery of the travel and tourism sector now appears far away due to extended restrictions re-imposed as a result of the virus resurgence. 
“We request the government to extend these moratoria for a further period and provide more support for the sector with a wage subsidy to protect the livelihoods of the large number of people employed in this industry,” he requested. 

The Central Bank in March extended the moratoria on loans in the travel and tourism sector for another six months from April through September. 


Tourism industry has been receiving State support for over two years since the Easter attacks in April 2019.

 

 


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Building the Future: Rhino Roofing Products Celebrates Win for Revolutionary RBS Cement Panels

Rhino Roofing Products Limited is delighted to announce that its innovative R

RTI reveals… Budget allocated to conduct one election in 2024

The Presidential and General elections are two much anticipated events in Sri

Sri Lanka’s War with Elephants

The discovery of an elephant carcass in Giribawa on February 6 raised the tot

“Govt. tax policies are based on deals” -Dr. HariniAmarasuriya

National People’s Power or NPP, the major alliance of JanathaVimukthi Peram