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Construction is one of the major drivers of growth in Sri Lanka, and makes up around 8 percent of Gross Domestic Product (GDP).

This is still much lower than economies of similar sizes.

However, unlike such other economies, Sri Lanka performs poorly in tradable goods and services, which should ideally lead to higher demand in improved real estate. in June 30, 2017, Nestle Sri Lanka reported a revenue of Rs.18 billion, compared to Rs.19 billion during the same period in 2016 while the earnings fell by about 33 percent YOY to Rs.1.6 billion or Rs.30.55 a share.

Nestle Sri Lanka’s performance largely reflected its global performance, which also has faced some lacklustre growth amid tough consumer environment and also pressure from activist investors.

By June 30, 2017, Nestle S.A held 90.82 percent stake in the company while there was 9.18 percent stake under public holding. residential telephone connection.

Introduction of an energy pricing formula is one of the key conditions under the 3-year, Extended Fund Facility Sri Lanka has with the International Monetary Fund.

By the end of June 2017, Indian Oil Corporation Limited had 75.12 percent stake in LIOC while the state-run Employees’ Provident Fund held 0.44 percent stake in the company being the 12th largest shareholder. value chain players in coconut, rubber and tea industries to meet, network, interact, share and learn latest knowledge pertaining to all aspects of their respective industry operations.

The event featured machinery and equipment suppliers, technology and knowledge providers, suppliers of materials including chemicals, traders, distributors and marketers, CRT producers and value added products manufacturers, knowledge providers and suppliers of materials including chemicals. statement said.

The feasibility assessments of the projects forwarded by various ministries are being conducted at the Finance Ministry at present with the participation of the secretaries of the respective ministries.

Treasury Secretary Dr. Samaratunga requests all the line ministry secretaries and the Provincial Secretaries and the heads of departments and the heads of state-owned enterprises to submit their proposal without further delay.