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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]
The Hambantota International Port[a] is a deep water port in Hambantota, Sri Lanka, notable for its 99-year lease to China Merchant Ports. Opened in 2010, it is Sri Lanka's second largest port, after Colombo. In 2020, the port handled 1.8 million tonnes of cargo. [3] Construction of the port commenced in January 2008.
Website. www.portcitycolombo.lk. Port City Colombo (Sinhala: කොළඹ වරාය නගරය, romanised: Koḷam̆ba Warāya Nagaraya) is a multi-services special economic zone located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. The land reclamation work had been ...
Colombo Consumer price inflation 2020 : 4.2% April 2021 : 3.9%. Inflation in Sri Lanka measured by the Colombo Consumer Price Index grew 6.0% in the 12-months to August 2021 picking up from 5.7 percent in July. [135] Inflation was 4.2% in the year to December 2020. In 2019 inflation was 4.8 percent. [136]
[citation needed] SAFE consists of 17 exchanges from India, Pakistan, Bangladesh, Sri Lanka, Nepal, and Bhutan. Its primary objectives are to encourage cooperation among its members to promote the development of their individual securities markets, to develop an integrated regional stock trading system, and to offer to list and trade securities ...
On January 4, 2021, total market capitalisation crossed three trillion rupees mark for the first time. [2] Hayleys announced a stock split on January 21 of 2021 and it resulted in increasing market capitalization by over 100 billion rupees. All share price index surpassed 8000 points for the first as a result. [3]
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
The Board of Investment of Sri Lanka (BoI) (Sinhala: ශ්රී ලංකා ආයෝජන මණ්ඩලය Shri Lanka Ayojana Mandalaya) is the investment promotion agency of Sri Lanka. It was established in 1992, expanding the scope of the Greater Colombo Economic Commission (GCEC) which was formed in 1978. [2] The legal framework ...