Economics

Sri Lanka Targets 20% GDP Contribution from Manufacturing by 2030

  • August 2, 2024

The Industry Ministry has set ambitious goals to increase the manufacturing sector’s contribution to Sri Lanka’s GDP from 16% to 20% by 2030. This initiative is part of the National Industry Policy and a five-year strategic roadmap spanning 2023-2027. During a press briefing at the Presidential Media Centre, Industry Ministry Secretary Shantha Weerasinghe emphasized the

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Tourism

Algeria Grants Visa-Free Travel to Sri Lankans, Boosting Tourism Ties

  • July 29, 2024

Following Laos and Thailand, Algeria has also granted visa-free travel to Sri Lankans, among other countries. This move is part of Algeria’s broader initiative to simplify travel procedures and strengthen international connections. In 2021, Algeria’s tourism sector significantly boosted the economy, contributing approximately USD 7.2 billion to the Gross Domestic Product (GDP), a 33% increase

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