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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]
On 7 March 2023, the rupee gained 0.5% to trade at 250.8 per dollar, registering a 14% increase after the announcement by the IMF that it will finalize a $2.9 billion bailout for Sri Lanka on 20 March and receiving assurances from China that it will assist in the country's debt restructuring efforts.
Under the program, the Sri Lankan government implemented a new Inland Revenue Act and an automatic fuel pricing formula which was noted by the IMF in its fourth review. In 2018 China agreed to bail out Sri Lanka with a loan of $1.25 billion to deal with foreign debt repayment spikes in 2019 to 2021. [285] [286] [287]
High-yield savings rates for November 25, 2024. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.10% APY with no minimums at ...
The All Share Price Index is one of the principal stock indices of the Colombo Stock Exchange in Sri Lanka. ASPI measures the movement of share prices of all listed ...
The only operational commercial-scale solar-powered facility is the Buruthakanda Solar Park of 1.2 MW, operated by the Sri Lanka Sustainable Energy Authority (SLSEA). [ 25 ] Through the Ministry of Power and Renewable Energy, Ceylon Electricity Board, and the SLSEA, the country is implementing an accelerated solar rooftop program called Soorya ...
The 17th Parliament of Sri Lanka, known officially as the 10th Parliament of the Democratic Socialist Republic of Sri Lanka, is the current Parliament of Sri Lanka, with its membership determined by the results of the 2024 parliamentary election held on 14 November 2024. [1] [2] The parliament met for the first time on 21 November 2024. [3]
Telecommunications Regulatory Commission of Sri Lanka [18] Fixed broadband Internet subscriptions: 2,525,650: 2024: 65: 166: Telecommunications Regulatory Commission of Sri Lanka [18] Mobile broadband Internet subscriptions: 20,432,582: 2024: 46: 172: Telecommunications Regulatory Commission of Sri Lanka [18] e-Government Development Index: 0. ...