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Lasalgaon is a prominent hub for onion cultivation and thus the onion's name is derived from this town, with 99% of its agricultural area dedicated to this crop, engaging over 1,000 farmers. The region's onion market is equally impressive, handling approximately 2.5 lakh tonnes of onions annually.
Ceylon cinnamon is the costlier variety and is considered to be a much more upmarket product by those in the West. Sri Lanka exported USD 128 million worth of cinnamon in 2014, which accounted for 28% of global cinnamon exports for that year. [17] Black pepper is the second largest export spice in Sri Lanka. Most black pepper is exported to India.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Producer price index data released on December 12 reported wholesale prices — or the prices manufacturers pay to producers of goods and services — rising 3% year over year in November, up from ...
Location of Sri Lanka Sri Lanka is an island country located southeast of the Republic of India and northeast of the Maldives . According to the International Monetary Fund , Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income .
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
In 2019, Sunshine Holdings was the 16th largest conglomerate company in Sri Lanka with a brand value of LKR3,947 million. [5] The company reduced its investment in oil palm farming and dairy production and increased its stake in Watawala Tea Ceylon, a marketing company that brands Zesta and Watawala. 75% of Watawala Plantations' ownership was ...
“Hot Ones” is going solo. BuzzFeed announced a deal to sell First We Feast, the studio behind the popular YouTube chicken-wing-eating celebrity talk show “Hot Ones,” for $82.5 million in ...