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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]
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 Daily FT or the Daily Financial Times is a daily English-language newspaper published in Colombo, Sri Lanka, by Wijeya Newspapers. Its sister newspaper The Daily Mirror (Sri Lanka) and its Sunday counterpart Sunday Times are among the important newspapers in Sri Lanka.
The bill titled as Colombo Port City Economic Commission Bill is regarded as one of the important legislations to be passed in the Parliament of Sri Lanka as it is related to the Colombo Port City project, which is the biggest foreign investment received by Sri Lanka from China in the country's history. The bill was slated and deemed as ...
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.
As a Special Economic Zone (SEZ) governed by the Colombo Port City Economic Commission (CPCEC), Port City Colombo aims to be a business-friendly environment for investors. . The SEZ includes tax incentives and exemptions of up to 25 years for Businesses of Strategic Importance (BSIs), transactions in 16 designated foreign currencies with no capital or exchange controls, 100% foreign ownership ...
The 6 Republican senators who could sink a Trump nomination
EEZs in the Atlantic and Indian Oceans. Sri Lanka is ranked 51st in size of its exclusive economic zone (EEZ) with a total size of 532,619 km 2 (205,645 sq mi). [1] Sri Lanka's EEZ is bordered to the north and west by India in the Gulf of Mannar and Bay of Bengal; as well as in the west by the Maldives in Laccadive Sea.