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It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a percentage of the item's retail price. Some extended warranties that are purchased for multiple years state in writing that during the first year, the consumer must still deal with the manufacturer in ...
A third international airport [7] for Sri Lanka outside Colombo was considered for various reasons. Congestion was increasing at Bandaranaike International Airport, and an alternate airport was desired. [8] [9] In addition, the Rajapaksa government wanted to revitalise the tourism industry following the Sri Lankan Civil War.
[citation needed] India and Sri Lanka share a maritime border. India is the only neighbour of Sri Lanka, separated by the Palk Strait; both states occupy a strategic position in South Asia and have sought to build a common security umbrella in the Indian Ocean. [1] Both India and Sri Lanka are republics that are members of the Commonwealth of ...
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%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
The relationship between Sri Lanka and India became tense under the government of J. R. Jayawardene. [138] [254] As a result, India intervened in the Sri Lankan Civil War and subsequently deployed an Indian Peace Keeping Force in 1987. [255] In the present, Sri Lanka enjoys extensive relations with China, [256] Russia, [257] and Pakistan. [258]
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]
A referendum on extending the term of parliament by six years was held in Sri Lanka on 22 December 1982. It was the first and so far only national referendum to be held in the country. [ 3 ] The referendum was called for by President J. R. Jayawardene , who had been elected to a fresh six-year term as President in October 1982.