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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]
Over the last few decades, the apparel industry grew to represent Sri Lanka's number one export. Following a 38% increase in textile-based revenue from 1996 to 1997, in which the industry generated $2.18 billion in earnings, 50 new textile factories opened in Sri Lanka in 1998. [ 10] As of 1998, the Sri Lanka apparel industry employed about ...
The promoter shareholding now stands at 51%. Today the company is the flagship of the Hinduja Group, a British-based and Indian originated trans-national conglomerate. Ashok Leyland launched India's first electric bus and Euro 6 compliant truck in 2016. [15] In June 2020, Ashok Leyland launched its new range of modular trucks, AVTR. [16] [17] [18]
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 ...
Taxation by country. Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy. The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes. As of 2018 CBSL report, taxes are the most ...
An elite Israeli military intelligence unit may once again be about to prove its value to the nation's tech economy as Google's parent eyes cybertech company Wiz for an eyewatering $23 billion.
Sri Lanka's population is aging faster than any other nation in South Asia and has the fifth highest rapidly growing population of older people in Asia after China, Thailand, South Korea and Japan. [ 16 ] [ 17 ] [ 18 ] In 2015, Sri Lanka's population aged over 60 was 13.9%, by 2030 this will increase to 21% and by 2050 this number will reach 27.4%.
Image source: Getty Images. A CPU giant. First a little background. Nvidia focused heavily on AI early in the game, and this has led to the company dominating the AI chip market, with an 80% share ...