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

Local Vehicle Assembly in Focus: Discussions Held on Import Restrictions

Sri Lanka’s vehicle industry is in the spotlight as the government weighs the future of import restrictions. State Minister of Finance Ranjith Siyambalapitiya met with representatives from local vehicle assembly companies yesterday to discuss the impact of these restrictions and explore potential changes. The meeting comes as it was revealed that over 44,000 vehicles, including

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