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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%. [42] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [43]
Sri Lanka is an island nation located in the Indian Ocean. Sri Lanka joined the International Monetary Fund on August 29, 1950. [1] Since June 1965, Sri Lanka has taken 16 loans from the IMF, with a total value of 3,586,000,000 SDR's. The most recent of these loans was agreed to in June 2016, with an agreed total of 1,070,780 SDR's, and ...
The power station is in Norocholai, Puttalam, on the southern end of the Kalpitiya Peninsula. Construction of the facility began on 11 May 2006, with the first unit commissioning on 22 March 2011. [ 1] The first 300- megawatt phase was completed and ceremonially commissioned by President Mahinda Rajapaksa on 22 March 2011 at 18:27 local time ...
According to the Asian Development Bank, the population of Sri Lanka was 19.71 million in 2015. In 2014, 6.7% of the country lived below the national poverty line. During the same year, it was also reported that 50.5% of the population aged 15 years and above were employed. [6]
In 2010 it had become Sri Lanka's number one chocolate producer, [14] with a 47.2% market share. [15] By 2013 its total share of the market had grown to 55%. [16] When CBL purchased Lanka Soy it had only a 15% market share; by 2002 it had reached 25% and by 2003 it was 30% and the market leader.
It is considered as one of the most systemically important banks in Sri Lanka. It is the largest lender to Sri Lanka's Small and Medium Enterprise sector. [7] The Ministry of Finance of Sri Lanka revealed that the Commercial Bank of Ceylon was the biggest lender to SME sector for the year 2020 amounting to an estimated amount of 21.6 billion ...
Politics of Sri Lanka. Sri Lanka is a unitary multi-party semi-presidential representative democratic republic, whereby the President of Sri Lanka is both head of state and head of government. Executive power is exercised by the President on the advice of the Prime Minister and the Cabinet of Ministers. Legislative power is vested in the ...
The first case of the virus in Sri Lanka was confirmed on 27 January 2020, after a 44-year-old Chinese woman from Hubei, China, was admitted to the Infectious Disease Hospital in Angoda, Sri Lanka. [3] As of 15 December 2022, a total of 671,776 COVID-19 cases had been recorded in the country, 654,919 patients had recovered from the disease, and ...