The government has embarked on a formal program to strengthen the banking system in order to establish the financial stability of the country, President Ranil Wickremesinghe said.
Sri Lanka’s Regional Plantation Companies are experimenting with mechanization like use of shears for harvesting tea has led to better yields as they struggle to improve labour productivity amid losses caused by low prices.
In a clear sign of regaining tourism in the island nation following the launching of tourism ministry’s promotion programmes including the latest nautical tourism initiative, China is to open a new market for Chinese cruise ships in Sri Lanka.
International human rights organisation, Human Rights Watch (HRW) urged Sri Lanka’s major foreign creditors, including China, Japan, and India to help restructure debts and urgently mitigate the adverse human rights impacts of the country’s worst-ever economic crisis.