A programme funded by the International Fund for Agriculture Development (IFAD) is to provide funding this month for hundred young entrepreneurs in Sri Lanka to set up greenhouses and link up with an export firm.
Authorities in Sri Lanka have reportedly forecasted that 1.471 million tonnes of paddy would be produced in the Yala (minor cultivation) season of 2019 with 12,278 metric tonnes lost due to crop damaged mostly due to drought.
Sri Lanka Export Development Board (EDB) has reportedly launched a national programme to nurture 2,000 new entrepreneurs to become exporters at regional level during the period 2017 – 2022.
Interim accounts of Sri Lanka’s Melstacorp Plc have reportedly recorded a 50 percent increase in profits from a year earlier to Rs. 1.2 billion in the June 2019
The Central Bank of Sri Lanka (CBSL) states that the gradual recovery since the Easter Sunday attacks in April has resulted in the expansion of the manufacturing and services sectors in July