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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]
DIMO had to reduce margins to absorb the sharp depreciation of the Sri Lankan Rupee in 2018. [7] In 2019, the company's conglomerate brand value was LKR7,730 million and ranked 15th amongst conglomerates in Sri Lanka. [8] DIMO was adjudged as the overall winner in the sixth Excellence in Integrated Reporting Awards in 2020 organized by the CMA ...
The Sri Lanka fuel crisis began on 3 November 2017 when rumours started spreading that a fuel shipment belonging to Lanka IOC (Indian Oil Company) was rejected. Later on the rumour was confirmed as legitimate and the reason given was that the fuel in the rejected shipment was not up to standards. [1]
Pope Francis made an appeal for the Sri Lankan authorities to "listen to the aspirations of the people", and said, "I offer a special thought to the people of Sri Lanka, in particular to the young, who in recent times have made their cry heard in the face of the country's social and economic challenges and problems".
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]
Sri Lanka's security forces abducted men and women from the ethnic Tamil minority and tortured them in custody long after the end of a bloody civil war in the South Asian island nation, a human ...
Richard Piries Company is the market leader and the pioneer in the tyre Retread industry of Sri Lanka and commands a market share of nearly 60%. In addition to that, it has become the largest Retreader in the whole of South Asia which is a remarkable achievement for a Sri Lankan company.
Location of Sri Lanka. Environmental issues in Sri Lanka include large-scale logging of forests and degradation of mangroves, coral reefs and soil. Air pollution and water pollution are challenges for Sri Lanka since both cause negative health impacts. Overfishing and insufficient waste management, especially in rural areas, leads to ...