Search results
Results from the WOW.Com Content Network
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]
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
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]
In 1950 Sri Lanka's un-adjusted school enrolment ratio as a share of the 5-19 year age group was 54%, India 19%, Korea 43% and the Philippines 59%. But by 1979 Sri Lanka's school enrollment rate was 74%, but the Philippines had improved to 85% and Korea was 94%. [65] Sri Lanka had inherited a stable macro-economy at independence. [66]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Sri Lanka is a popular tourist destination. Tourism is a key industry that attracts international tourists yearly. Foreigners visit Sri Lanka to see nature, wildlife, historical monuments, and indigenous culture. In 2018, tourist arrivals peaked at 2.5 million, who spent a total of US$5.6 billion in the country.
Steer Clear Snacks. As the holiday travel season descends upon us, please think twice about what you eat during your next road trip for the love of yourself and everyone else surrounding you.
In 2003 the company acquired a 90% stake in Sri Lanka Insurance Corporation Limited when the Sri Lankan government sold the state-owned insurer. [5] Sri Lanka Insurance Corporation is a composite insurer with life and non-life insurance portfolios and over US$500 million in assets and assets under management.