The Ministry of Industries is gearing up to launch a nationwide SME incubator system campaign backed by the Rs. 1 billion allocation dedicated for research and development (R&D) commercialisation under the government’s 2025 budget.
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Sri Lanka has earned 26.23 billion US dollars through exports of goods and services, including tourism and labour in 2024, up 12.6 percent from 23.29 billion a year earlier, data from the central bank shows.
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The Export Development Board (EDB) is set to launch eight regional export hubs this year as part of a broader initiative to strengthen Sri Lanka’s export sector and enhance its contribution to the national economy.
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The Secretary to the Ministry of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha, says he has issued an order for the immediate arrest of all deserters from the security forces.
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Minister of Industry and Entrepreneurship Development, Sunil Handunnetti, has announced plans to introduce a new digital facility aimed at resolving issues in the industrial sector more efficiently at the district level.
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The Hambantota International Port (HIP) began maintenance dredging this month in order to restore the harbour’s original depth. The operation undertaken by HIP to ensure the continued safe navigation of vessels began early February and is expected to be completed in approximately two months.
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Sri Lanka’s legal liquor consumption declined by 9.5 percent Year-on-Year (YoY) in the first ten months of 2024, driven by a significant drop in hard liquor consumption following tax increases, according to the Ministry of Finance.
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Arjun Aloysius, Director of W.M. Mendis Distilleries, and two others, who were serving a jail term for defaulting on a payment of Rs. 3.5 billion in Value Added Tax (VAT) by the company, were released from prison two months early based on their good behavior within the prison.
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Germany’s conservative opposition leader Friedrich Merz won a lackluster victory in a national election Sunday, while Alternative for Germany doubled its support in the strongest showing for a far-right party since World War II, projections showed.
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A suspect allegedly responsible for aiding and abetting the recent shooting incident in the Kotahena area, which claimed the life of one person, has been arrested by the Colombo North Divisional Crime Investigation Bureau.
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