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The purpose of the loan scheme was to encourage the local production, regional development and to boost the revenue streams of the small and medium businesses in Sri Lanka, especially with the aim of withstanding foreign competitors and to elevate import substitution strategies in order to expand the Gross Domestic Product and economic growth ...
The Lanka Hospitals Corporation: 22,351: 0.63 Health Care Equipment and Services: 1997 [39] Teejay Lanka: 22,147: 0.62 Consumer Durables and Apparel: 2000 [40] Brown and Company: 21,422: 0.60 Capital Goods: 1892 [41] Dilmah Ceylon Tea Company: 20,986: 0.59 Food, Beverage and Tobacco: 1981 [42] Sunshine Holdings: 20,909: 0.59 Food, Beverage and ...
According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income. As of 2010 [update] , the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. [ 1 ]
The company later successfully obtained the Dell authorised distributorship in Sri Lanka. Softlogic ventured into the telecommunications sector with a partnership with Dialog Axiata offering corporate and individual Dialog GSM packages. Pathirage who realised the potential of mobile communications acquired the national dealership of Nokia in ...
This article lists the largest companies in Sri Lanka terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes and local business magazine LMD. [1] [2]
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%. [39] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [40]
LOLC Holdings PLC is a Sri Lankan conglomerate listed on the Colombo Stock Exchange (CSE). Originally starting as a non-banking financial company LOLC has grown into one of the largest Sri Lankan conglomerates involved in many sectors and subsidiaries in several countries although it is still mainly involved in the financial sector.
By 2024, Sri Lanka re-entered the path of economic growth, with a renewed focus on sustainable development [149] Sri Lanka has met the Millennium Development Goal (MDG) target of halving extreme poverty and is on track to meet most of the other MDGs, outperforming other South Asian countries. Sri Lanka's poverty headcount index was 4.1% by 2016.