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Sri Lanka’s poultry production about to crash due to high feed costs
The Sri Lankan poultry industry is on the verge of collapse due to 30 percent drop in production this year as high feed costs hit farms.
Sri Lanka liquor demand down by 30 percent but revenue up
Sri Lankans demand for liquor has decreased by about 30percent due to the recent increase in the price of liquor and the decrease in the income of the people of the country,. the Committee on Public Finance (COPF) revealed.
SL to convene a donor conference with 3 main lending countries – PM
Sri Lanka will convene a donor conference with the participation of representatives of China, India and Japan to mobilise more foreign assistance and present an interim budget in August prime minister Ranil Wickremasinghe divulged on Wednesday, amid ongoing negotiations with the International Monetary Fund (IMF).
Colombo Port City to feature prominently at CHOGM in Rwanda this week
The Colombo Port City will feature prominently at the year’s Commonwealth Heads of Government Meeting taking place in Rwanda this week.
IMF team holds talks with SL PM in parallel to debt advisers consultations
Representatives from Sri Lanka’s financial and legal advisors, Lazard and Clifford Chance LLP now in Colombo have started their preliminary observations of the island nation's debt restructuring amidst the country’s worst economic crisis , Finance Ministry sources said.