Sri Lanka s Agriculture Minister Mahinda Amaraweera has suggested using imported rice stocks for animal feed as farmers who cultivated a record extent in the current season call for higher farmgate prices for paddy.
Sri Lanka s residential construction costs are kept artificially high with protectionist taxes creating monopolies and prices of steel, tile and fitting costs have rocketing after rupee collapsed, condominium developers have said.
Sri Lanka is calling tenders to import fertilizer with World Bank finance for the Maha season again after the first tender failed amid banking sector concerns and procurement rules, Agriculture Minister Mahinda Amaraweera said.
Sri Lanka is planning to increase maize cultivation to 50,000 to 60,000 hactares from the 20,000 last year by making more fertilizer available Agriculture Minister Mahinda Amaraweera said while market prices for maize has soared amid import controls and a collapse of the currency.
Sri Lanka s Lanka Credit and Business Finance Limited which offered up to 125 million rupees in ordinary shares at 4.0 rupees is closing on the opening day after oversubscription, issue managers NDB Investment Bank said.