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Rubber Plantation in Southern Province A woman in Sri Lanka harvesting rubber, c. 1920. Rubber production in Sri Lanka commenced in 1876, with the planting of 1,919 rubber seedlings at the Henarathgoda Botanical Gardens in Gampaha. [1] The total extent under rubber in 1890 was around 50 ha (120 acres) and in the early 1900s it increased to ...
The income taxes are collected by the Department of Inland Revenue under the provisions of Inland Revenue Act, no 24 of 2017. [11] In addition to the income tax, PAYE tax is also charged by the Department of Inland Revenue in accordance with the terms of Section 114 of Inland Revenue Act no 10 of 2006 or Section 83 of the Inland Revenue Act No ...
Sri Lanka Cement Corporation; Sri Lanka Export Credit Insurance Corporation; Sri Lanka Handicrafts Board; Sri Lanka Land Reclamation & Development Corporation; Sri Lanka Ports Authority; Sri Lanka Railway Authority; Sri Lanka Rubber Manufacturing Export Co. Ltd; Sri Lanka Rupavahini Corporation; Sri Lanka State Plantations Corporation; Sri ...
Sri Lanka Freedom Party: 19 October 2000 - 12 December 2001 Chandrika Kumaratunga [14] [15] [16] Lakshman Kiriella: United National Party: 12 December 2001 – 2 April 2004 [17] [18] Anura Priyadharshana Yapa: Sri Lanka Freedom Party: 10 April 2004 - 23 November 2005 [19] [20] [21] Milroy Fernando: Sri Lanka Freedom Party: 23 November 2005 - 28 ...
It is one of the main sources of foreign exchange for Sri Lanka and accounts for 2% of GDP, generating roughly $700 million annually to the economy of Sri Lanka. It employs, directly or indirectly over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates. Sri Lanka is the world's fourth largest producer of tea.
Richard Pieris and Company (ARPICO) established in 1940 it is one of Sri Lanka's largest conglomerates with interests in manufacturing, engineering, retail and plantation industries. It is a pioneer in the tyre, plantation and rubber industries of Sri Lanka.
The government paid some compensation to the owners of land taken over under both the 1972 and 1975 laws. In early 1988, the state-owned plantations were managed by one of two types of entities, the Janatha Estates Development Board, or the Sri Lanka State Plantation Corporation. [14]
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%. [40] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [41]