Sri Lanka’s palm oil industry, if strengthened, can save $ 84 million in foreign exchange, and enable smallholders to enter into international value chains through value added palm oil production, AEN Plantations CEO Ruwan Goonewardena disclosed.
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News of the Day In line with the new government’s energy policy and plan, significant efforts are underway to generate substantial foreign exchange for the country through the development of the Trincomalee Oil Tank Complex.
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The stinking odor and the garbage mounting problem of the Colombo’s tourism hotspot Beira Lake near the Gangaramaya Seema Malaka, which repulses hundreds of foreign and local tourists that visit every day to witness a mesmerizing sunset, has finally won attention of the authorities to kickoff with a cleaning project today.
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In a dazzling spotlight on Sri Lanka’s allure, Vogue has names the island’s south coast as the must-visit destination this winter, capturing the hearts of wanderers with its unspoiled beaches, vibrant wildlife, tranquil tea estates and immersive cultural experiences.
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The Central Bank (CB) last week unveiled an ambitious policy agenda: inflation stabilisation, a fostered economy, and financial stability for 2025 and beyond. The CB is envisaging a more forward-looking and data-driven approach to monetary policy formulation through enhancing the macroeconomic modelling setup and alternative frameworks.
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A groundbreaking milestone in South Asia’s tourism industry was achieved on January 10th with the grand opening of “Amba Yaalu”, the island nation’s first 100% female-staffed tourist hotel.
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In celebration of the 75th birth anniversary of the Chief Monk of Sanchi Chethiyagiri Vihara, Most Venerable Banagala Upatissa Nayaka Thero, a prominent delegation from Sanchi paid a visit to the Sita Amman Temple in Nuwara Eliya. The group was warmly welcomed by Mr. S. Thiagu, representing the temple’s governing body.
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The construction of the marina in Port City Colombo will promote Sri Lanka to become a new hotspot for regional tourism and investment, Sri Lankan Foreign Minister Vijitha Herath has said.
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The price of tamarind has been rapidly rising due to a shortage in the local market.Normally priced between Rs. 350-400 per kilogram, it was reported that tamarind was sold for as much as Rs. 2,000 per kilogram in the Hatton area today (12). This marks a nearly fivefold increase in price, leaving consumers and traders concerned.
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Minister of Industry and Entrepreneurship Development Sunil Handunnetti says that the government will take measures to introduce a range of environmentally friendly products rooted in green energy principles, while preserving local identity, within the next two years.
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