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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%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Company Name Symbol C M Holdings: CSE: COLO.N0000: C T Holdings: CSE: CTHR.N0000: C T Land Development: CSE: CTLD.N0000: C. W. Mackie: CSE: CWM.N0000: Capital ...
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]
It is one of the main sources of foreign exchange for Sri Lanka and accounts for 2% of GDP, generating roughly $700 million annually to the economy of Sri Lanka. It employs, directly or indirectly over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates. Sri Lanka is the world's fourth largest producer of tea.
In 1995, it was the world's leading exporter of tea (rather than producer), with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 [2] after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was slightly reduced to 338 million kg. [ 3 ]
LMD 100, dubbed as "Sri Lanka's Fortune 500", annually lists the leading 100 quoted companies in Sri Lanka. Only the top 10 companies are listed below. All revenue figures reported before the financial year ending 2024. [2] [3]
Sri Lanka-China relations started as soon as the People's Republic of China was formed in 1949. The two countries signed an important Rubber-Rice Pact in 1952. [247] Sri Lanka played a vital role at the Asian–African Conference in 1955, which was an important step in the crystallisation of the NAM. [248]
The Hambantota Refinery (also called Greenfield Oil Refinery) [1] is an oil refinery to be developed in Mirijjawila, Hambantota, in the Southern Province of Sri Lanka.The 585-acre (237 ha) refinery will be built and owned by Singapore's Silver Park International (Private) Limited (70%) and Oman's Ministry of Oil and Gas (30%).