Sri Lanka's second largest brewer Heineken Lanka to further strengthen its position in the market dominated by the largest of Sri Lanka's brewers the Lion Brewery, which is also the oldest brewery in the country.
With the World Bank’s decision to extend the aid for the agriculture sector modernization project, implemented to introduce new technology in Sri Lanka, for another 18 months, the Government is developing a QR code system for farmers to provide them with the relevant allowances and subsidies.
Sri Lanka’s small and medium businesses are in more trouble with the increase of bank interest to 36 percent from over 7 percent loans taken during a time when interest rates were kept down by authorities, than recent tax hikes, SME associations complained.
Sri Lanka’s wholesale and retail sale rebounded while transport of Goods, Warehousing and Passenger Services recorded up and down moderate growth in value added terms, the recent auditor general’s report revealed.
In an effort to keep up with the regional peers in technological development, Sri Lanka will allocate Rs 100 million, starting this year, to help transition towards a digital economy.
