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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 foundation advocates for policies to ban single-use plastic items, [9] carries out a project to restore the water quality in Kelani River, [10] campaigns to prevent degazetting of protected areas for development projects, [11] [12] [13] litigates against illegal tourism in ecologically sensitive areas, [14] [15] advocates against the downgrading of 'other state forests, [16] litigates to ...
Rubber is exported as smoked sheet, sole crepe, latex crepe and Technically Specified Rubber (TSR). In 2007 18,100,000 kg (39,900,000 lb) sheets were exported. Rubber contributing over US$ 890 million in 2019 to the economy of Sri Lanka. [8] Sri Lanka government aims to growth rubber industry US$ 2 billion by 2025. [9]
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 ...
In 2000, only 25% of the households in Sri Lanka got their water through pipes. Even the water that does come through the pipe from local suppliers is not monitored efficiently. This is why a part of the population does not get clean drinking water. [2] Sri Lanka's wastewater management requires a lot of work.
U.S. President-elect Donald Trump refused on Tuesday to rule out using military or economic action to pursue acquisition of the Panama Canal and Greenland, part of a broader expansionist agenda he ...
NewsFirst or News 1st is a Sri Lankan news organization owned by the Capital Maharaja Organization Ltd. [1] News 1st primarily broadcasts news, live on three TV channels (Sirasa TV, Shakthi TV, TV 1, five radio channels (Sirasa FM, Yes FM, Shakthi FM, Y FM and Legends FM), three websites in Sinhala, English & Tamil languages, and social media platforms (YouTube, Facebook, Twitter).
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