The Sri Lankan government has made significant strides in revitalising the local dairy sector, with a particular focus on Milco Pvt Ltd (MILCO), the country’s leading dairy producer.
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The new government plans to establish the right economic system giving priority to increase accountability and efficiency of public sector institutions especially State owned Enterprises (SOEs),
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Chinese companies have become key players in Sri Lanka’s housing sector, taking on numerous large-scale construction projects across the island, particularly in urban areas and regions affected by conflict or natural disasters.
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Worker remittances for October continued to come in stronger against both a month ago as well as a year ago period helping both the foreign currency reserves and the rupee to remain strong.
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Private sector credit demand in September lagged from a recent high in the previous month.
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Behind the News
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Sri Lanka has recorded an 11.7% increase in workers’ remittances from January to October 2024 compared to the same period in 2023, according to latest figures released by the Central Bank of Sri Lanka (CBSL).
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Sri Lanka’s national tea sales average for October declined to Rs. 1,172.15 (US$ 4.02) per kilogram, down by Rs. 35.84 and US$ 0.02 compared with September’s Rs. 1,207.99 (US$ 4.04), according to data from the Sri Lanka Tea Board.
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Sri Lanka’s tourism industry is off to a robust start in November, with over 30,000 tourists arriving within the first five days of the month.From 1-5 November, the island nation welcomed 30,620 tourists, marking a 38% increase from the 22,202 arrivals during the same period a year ago.
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A new project aimed at establishing an integrated solid waste management system in the Uva and Northern Provinces is to be inaugurated. The Cabinet of Ministers on Monday approvedthis project
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