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Damro is a Sri Lankan furniture and washing machine manufacturer that designs and sells diverse range of modern and traditional furniture. [1] Damro is regarded as the largest furniture manufacturer in South Asia and it is also regarded as one of the world's largest furniture manufacturers. [2] It is also hailed as a popular lifestyle brand.
Teak is a hardwood that is particularly resistant to different types of climate, making it suitable for shipbuilding and for furniture. [1] Teak furniture can remain outdoors in any climate year round, and can be left unfinished or protected. Plantation teak wood can be considered eco-friendly due to its long life expectancies.
The primary use of teak harvested in Indonesia is in the production of outdoor teak furniture for export. Nilambur in Kerala, India, is also a major producer of teak and is home to the world's oldest teak plantation. [21] Teak consumption raises several environmental concerns, such as the disappearance of rare old-growth teak.
Tectona grandis (common teak) is by far the most important, with a wide distribution in Bangladesh, Sri Lanka, Myanmar, Thailand, China, India, and Pakistan. Tectona hamiltoniana (Dahat teak) is a local endemic species confined to Burma, where it is endangered.
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.
LMD 100, dubbed as "Sri Lanka's Fortune 500", annually lists the leading 100 quoted companies in Sri Lanka. Only the top 10 companies are listed below. All revenue figures reported before the financial year ending 2024. [2] [3]
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]
The following list provides the 704 species of common trees and shrubs of flora of Sri Lanka under 95 families. The list is according to A Field Guide to the Common Trees and Shrubs of Sri Lanka, by Mark Ashton, Savitri Gunatilleke, Neela de Zoysa, M.D. Dassanayake, Nimal Gunatilleke and Siril Wijesundera. [1]
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