Economics

Government Allocates Rs. 100 Million Compensation Fund for Flood-Stricken Farmers

In response to the widespread devastation caused by recent flooding, the Sri Lankan government has announced a compensation fund of Rs. 100 million to aid farmers affected by crop damage. Agriculture and Plantation Industries Minister Mahinda Amaraweera confirmed the allocation, emphasizing the government’s commitment to supporting those impacted by natural disasters. Approximately 15,000 acres of

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Business

Sri Lanka to Boost Exports of Toddy, Kithul, Palm and Coconut Products

Sri Lanka’s government is set to remove obstacles hindering the production and export of toddy, kithul, palm and coconut products, aiming to tap into a large overseas market for these goods. The move comes after a meeting of the Sectoral Oversight Committee on National Economic and Physical Plans, chaired by Mahindananda Aluthgamage. The Committee identified

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Economics

Expert Panel in Sri Lanka Reviews RPC Land Lease; Minister Calls for Action

A panel of experts appointed by the Sri Lankan government is currently scrutinizing lease agreements with Regional Plantation Companies (RPCs), announced Minister of Estate Infrastructure Development Jeevan Thondaman. Thondaman, known for his criticism of RPCs regarding their resistance to paying the latest daily wage of 1,700 rupees per tea plucker, emphasized the need for action

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