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Sri Lanka starts mechanization of tea plucking to tackle labour shortage
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.
China gets ready to send cruise ships with Chinese tourists to Sri Lanka
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.
HRW urges major creditors to help restructure Sri Lanka’s debts
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.
Sri Lanka seeks to develop the migrant workers sector with the Philippines
Sri Lanka is exploring the possibility of collaborating with the Philippines to develop the migrant workers sector.
Sri Lanka’s nine banks to under go asset quality review
Central Bank Deputy Governor Yvette Fernando yesterday said nine banks that have been identified as having asset quality stress will be reviewed soon.