old prices extended their record run on Tuesday, hitting a record high buoyed by safe-haven demand as investors braced for U.S. President Donald Trump’s planned announcement on reciprocal tariffs. Spot gold was up 0.3% at $3,133.01 per ounce at 1147 GMT, after hitting an all-time high of $3,148.88 earlier in the day. U.S. gold futures were 0.4% higher at $3,161.60. …
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The land allocation for both the grassland and the paddy fields remains a contentious issue This article by Ishanka Singha Arachchi originally appeared on Groundviews, an award-winning citizen journalism website in Sri Lanka. An edited version is published below as part of a content-sharing agreement with Global Voices. Sri Lanka’s ruling left-wing political alliance National People’s Power (NPP) party outlined its vision for …
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The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe emphasized the importance of promoting a sustainable and cost-effective construction industry in the country, highlighting key challenges and opportunities in the sector. Speaking at ‘Construction Expo 2025’ on Friday (14), Dr. Weerasinghe underscored the need for Sri Lanka to align with global trends in sustainable construction, integrating …
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The Sri Lanka Export Development Board (EDB) successfully organized a country pavilion at BioFach 2025, the world’s largest annual organic trade fair, recently in Nuremberg, Germany. Nine Sri Lankan export companies participated in the event, showcasing a diverse range of certified organic agricultural products, including food & beverages, spices, tea, coconut-based products, fruits & vegetables, and Protected Geographical Indication (PGI) …
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Mr. Lakshman Abeysekera, the esteemed President/Director General of the National Enterprise Development Authority (NEDA). Micro, small, and medium-scale enterprises (MSMEs) are crucial drivers of economic growth, serving as the backbone of Sri Lanka’s economy. These enterprises play a pivotal role in fostering job creation and innovation, contributing significantly to the nation’s overall development An insightful interview was conducted with Mr. …
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The Sri Lanka 2030 and Beyond Economic Summit and Entrepreneurial Awards, held on 5 March at Shangri-La Colombo, was a landmark event celebrating the resilience, innovation and ambition of Sri Lanka’s entrepreneurial community. Organised by the Chamber of Lankan Entrepreneurs (COYLE), the event brought together industry leaders, policymakers and rising entrepreneurs to discuss the nation’s economic future and recognise outstanding …
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A meeting between President Anura Kumara Disanayake and officials of the Inland Revenue Department was held today (05) at the Presidential Secretariat. During the discussion, extensive attention was given to the strategies required to achieve the targeted revenue of the Inland Revenue Department for this year. The President emphasized the necessity of a more intervention approach than the current mechanisms …
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In an exclusive release to the Daily FT, leading business magazine says that “business confidence has nudged up to match its all-time high amid multiple sensitivities.” LMD notes, in its forthcoming March edition: “The LMD-PEPPERCUBE Business Confidence Index (BCI) reached its all-time high in February, by climbing six basis points to 204, from 198 in the previous month.” “This is …
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COLOMBO, Feb 17 (Reuters) – Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara Dissanayake said on Monday as he unveiled a budget that is seen as a key step towards durable, long-term growth. The left-leaning Dissanayake, who is also finance minister, was elected last year to fix the South Asian island nation’s …
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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 …
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