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In 2019 with an income per capita of 13,620 PPP Dollars [34] or 3,852 (2019) nominal US dollars, [35] [36] Sri Lanka was re-classified as a lower middle income nation with the population around 22 million (2021) [37] by the World Bank from a previous upper middle income status. [38] Sri Lanka has met the Millennium Development Goal (MDG) target ...
The National Institute of Education (NIE), Sri Lanka, based in Maharagama, was established in 1986 under the provisions of the National Institute of Education Act No. 28 of 1985. The aim of the institute is to "provide leadership for the development of general education with quality, equity and relevance in a pluralistic society".
Ceylon Biscuits Limited. Dehiwala, Dehiwala-Mount Lavinia, Sri Lanka. Ceylon Biscuits Limited (branded CBL, commonly called Munchee) is a Sri Lankan food manufacturer, the maker of Munchee biscuits and one of the oldest biscuit makers in Sri Lanka. The company owns 60% of the domestic market share in Sri Lanka. [ 2][ 3]
The Sri Lankan economic crisis[ 8] is an ongoing crisis in Sri Lanka that started in 2019. [ 9] It is the country's worst economic crisis since its independence in 1948. [ 9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities ...
Sri Lanka is the world's fourth-largest producer of tea. In 1995, it was the world's leading exporter of tea (rather than producer), with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 [ 2] after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was ...
Government of Sri Lanka. The Government of Sri Lanka ( GoSL) ( Sinhala: ශ්රී ලංකා රජය, romanized: Śrī Lankā Rajaya; Tamil: இலங்கை அரசாங்கம்) is a Semi-presidential republic determined by the Sri Lankan Constitution. It administers the island from both its commercial capital of Colombo ...
Tertiary and Vocational Education Commission. Tertiary and Vocational Education Commission (TVEC) is the Sri Lankan state body responsible for the policy planning, regulation and development of tertiary and vocational education .TVEC was established in 1991 under the Tertiary and Vocational Education Act No 20 of 1990. [2] [3]
Private provident funds existed in the private sector, with some companies contributing on a voluntary basis until 1958, when the Employees' Provident Fund was established by S. W. R. D. Bandaranaike following the enactment of the Employees' Provident Fund Act No 15 of 1958 which established the Employees' Provident Fund which made it compulsory for all employers and employees to contribute if ...