Gross domestic product (GDP) is an indicator that measures the total value of goods and services generated in a given country over time. Sri Lanka’s Gross Domestic Product (GDP) is a dynamic composite of three primary economic sectors: agriculture, industry, and services. Each sector contributes uniquely to national income, employment generation, and economic stability. Agricultural activities exhibited a notable resurgence, …
Continue Reading
Gold has deep cultural and economic importance in India. Gold jewellery is more than just a precious possession; it is an investment. It is also a symbol of wealth, status, and prosperity and is considered one of the most preferred options even today. Many Indians invest in gold as part of traditional rituals like weddings and festivals (e.g. Diwali and …
Continue Reading
This new Vivo phone features a robust 6,000mAh battery and a 50MP camera. Vivo has recently unveiled its latest smartphone, adding to the popular V Series lineup. Pre-orders for this mid-range device have begun, with sales set to launch next week. Following its debut in the Chinese market, the Vivo V50 brings many features reminiscent of the flagship X series. …
Continue Reading
Increased price competition in 2025 is expected to lead to subdued growth in apparel export revenue during the year despite the forecast increase in apparel exports, according to the Joint Apparel Association Forum (JAAF). JAAF Secretary General Yohan Lawrence stated that there was a massive pressure on prices due to the current market conditions, because apparel manufacturers were quoting low …
Continue Reading
Sri Lanka’s banking sector non-performing loans (NPLs) reduced to 12.3% at the end of 2024, indicating a gradual easing of credit risk in the sector, the Central Bank of Sri Lanka (CBSL) said. According to the Monetary Policy Report, the overall default risk of the banking sector, as reflected through the stage 3 loans ratio, reduced to 12.3% at end …
Continue Reading
South Korean actress Kim Sae-ron has been found dead in Seoul, police have said. The 24-year-old was found in her home in the city’s Seongsu-dong district by a friend at around 16:55 (07:55 GMT) on Sunday. Officers said no signs of foul play had been found and they were investigating the cause of death. Kim began her career as a …
Continue Reading
Do not send school children out in the sun as they should not be exposed to hot weather conditions prevailing today, Secretary Ministry of Education Nalaka Kaluwewa said yesterday. Mr. Kaluwewa said the Ministry will issue a circular which comprises guidelines on holding inter-house sports meets. “We will obtain advice on health experts before we issue the circular,” he said. …
Continue Reading
Dr. Selvanathan Anojan Dr. Selvanathan Anojan is a leading expert in agriculture and technology, recognized for his efforts in democratising agricultural innovations and creating practical, low-cost agrisolutions for farming communities. As the co-founder and Secretary of the Sri Lanka Agripreneurs’ Forum (SLAF), Assistant Secretary General at The Ceylon Chamber of Commerce (CCC), and a member of the Presidential Taskforce on …
Continue Reading
Can you share some of the key management practices that small and medium-scale dairy farmers should adopt to boost milk production? Effective management is the foundation of a successful dairy farm. Small and medium-scale dairy farmers, who contribute to over 85% of national milk production of Sri Lanka, should focus on implementing practical solutions. First, they should regularly consult with …
Continue Reading
Industries and Entrepreneurship Deputy Minister Chathuranga Abeysinghe states that there is no possibility of reducing taxes within this year, as the government is required to collect 15.1% of the gross domestic product (GDP) in taxes in accordance with agreements reached with the International Monetary Fund (IMF). “A reduction in indirect taxes, in particular, will have to be implemented gradually. We …
Continue Reading
