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The Sri Lankan economic crisis [8] is a 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]
Until 2019, tariffs provided the third major contribution to the government tax revenue with nearly 20%. [17] However in 2019, the Sri Lankan government implemented measures to curtail import expenditure and to promote exports in order to avoid the trade deficit. [18] Subsequently, the import levy imposed on the imports also reduced from 19% to ...
On August 20, 2024, Sri Lanka's Postal Department issued the world's longest stamp, measuring 205 millimetres (8.1 in), [10] to commemorate the Kandy Esala Perahera festival in Kandy. The stamp has a value of Rs. 500. [11]
The Government of Sri Lanka (GoSL) (Sinhala: ශ්රී ලංකා රජය, romanized: Śrī Laṅkā Rajaya; Tamil: இலங்கை அரசாங்கம், romanized: Ilaṇkai Aracāṅkam) is a Semi-presidential republic determined by the Sri Lankan Constitution.
The 20th Amendment was a frequent political objective of the ruling party Sri Lanka Podujana Peramuna and a core campaign objective of the Gotabaya Rajapaksa administration, which recorded landslide victories in both the 2019 Sri Lankan presidential elections, as well as the 2020 Sri Lankan parliamentary election. On 22 October 2020, the ...
The 20 companies that make up the index is determined by Standard & Poor's global index methodology, according to which the index's listing is reviewed each year. [2] All S&P SL20 listed stocks are classified according to S&P and MSCI 's Global Industry Classification Standard , thereby enabling better comparison of performance of Sri Lanka's ...
The Sinhala script (Sinhala: සිංහල අක්ෂර මාලාව, romanized: Siṁhala Akṣara Mālāwa), also known as Sinhalese script, is a writing system used by the Sinhalese people and most Sri Lankans in Sri Lanka and elsewhere to write the Sinhala language as well as the liturgical languages Pali and Sanskrit. [3]