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The Sri Lankan economic crisis [8] is a 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]
Sri Lanka was affectionately known as Ratna-Dweepa which means Gem Island. The name is a reflection of its natural wealth. Marco Polo wrote that the island had the best sapphires, topazes, amethysts, and other gems in the world. [1] Ptolemy, the 2nd century astronomer recorded that beryl and sapphire were
During this time, the short circuit depressed voltages at the nearby Lakvijaya thermal power plant; both plants ultimately isolated from the Sri Lankan grid to prevent equipment damage. The missing generation induced a very rapid and severe decline in utility frequency that the network's protective devices could not arrest. [16]
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. But India and Vietnam re-export to Europe Sri Lankan pepper under the Indian/Vietnam label. [18]
NewsFirst or News 1st is a Sri Lankan news organization owned by the Capital Maharaja Organization Ltd. [1] News 1st primarily broadcasts news, live on three TV channels (Sirasa TV, Shakthi TV, TV 1, five radio channels (Sirasa FM, Yes FM, Shakthi FM, Y FM and Legends FM), three websites in Sinhala, English & Tamil languages, and social media platforms (YouTube, Facebook, Twitter).
Silumina (Sinhala: සිළුමිණ) is a Sinhala language weekly newspaper in Sri Lanka. It is published by the Associated Newspapers of Ceylon Limited (Lake House), a government-owned corporation. The newspaper commenced publishing in March 30 1930, D. R. Wijewardena being its founder. [1] It currently has a circulation of 265,000. [2]
The Broadlands Dam (also known as the Broadlands Hydropower Project by the developers) is a 35 MW run-of-the-river hydroelectric complex currently under construction in Kitulgala, Sri Lanka. The project is expected to be completed in 2020, and will consist of two dams, and a power station downstream. [1] [2]
Sri Lanka's central and southern parts are home to montane forests, sub-montane forests and to lowland rainforests. In contrast, sparse forests, mangroves, riverine dry forests and monsoon forests are located in the dry zone. These forest covers in Sri Lanka have been greatly reduced by legal and illegal forest clearing. [3]