NEWS WEEK

UPTICK IN LOCAL FOOTWEAR PRODUCTION

Footwear imports to the country have reduced from 60 percent to 20 percent on the back of an increase in the export of locally

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SRI LANKAN ECONOMY AT RISK: OPPOSITION MP

The country’s economy has dropped in many global indices as a result of the corruption in the Central Bank and other unhealthy

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TAX ON RICE IMPORTS CUT

Amidst shortages in local rice production, Sri Lanka has cut an import tax on rice, which has in turn increased domestic rice prices,

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LAUNCH OF CEYLON TEA PROMOTION

Coinciding with the 150th anniversary of the local tea industry, Sri Lanka is set to launch a new global campaign to promote

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TRADE EXPANSION WITH GSP+ FACILITY

Heads of several of European companies along with the Belgian government have indicated interest in strengthening trade links

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BEIRA LAKE PROJECT IN THE OFFING

A land area of 152 acres around the Beira Lake will be developed in the near future as part of the Megapolis initiative, with mixed

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DROUGHT CONDITIONS ACROSS ISLAND

Sri Lanka’s recent drought has affected over 600,000 people in almost all districts. According to the health authorities

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A BAD TIME FOR TEA

Sri Lankan tea is losing market share in Russia due to domestic brands gaining ground, a research report warns

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CALL FOR INTERNATIONAL ASSISTANCE

President Maithripala Sirisena reached out to the United Nations (UN) and its affiliated bodies for assistance in the wake

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RUPEE DEPRECIATING RAPIDLY

The Sri Lankan Rupee will soon depreciate to around 160 against the US Dollar, according to Dinesh de Silva, Chairman of the

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