Category: Industry
Plan B
The government has shelved plans to up Employee Trust Fund (ETF) payments by 0.5 percent, following the controversial compensation formula for laid off workers.The government has shelved plans to up Employee Trust Fund (ETF) payments by 0.5 percent, following the controversial compensation formula for laid off workers. The 0.5 percent tagged on to ETF was […]
Tight Budgets
Sri Lanka spends to put up unnecessary buildings in its public schools and universities, with an urgent need to rationalise its capital spending budget for education. Sri Lanka spends to put up unnecessary buildings in its public schools and universities, with an urgent need to rationalise its capital spending budget for education. Over 80 percent […]
Limited Mobility
Sri Lanka’s Central Bank has allowed indirect exporters to open a special account to use their foreign currency sales proceeds to pay for imported inputs, the bank said late Friday.Sri Lanka’s Central Bank has allowed indirect exporters to open a special account to use their foreign currency sales proceeds to pay for imported inputs, the […]
Bypass Operation
The month of March saw a record number of vehicle registrations with vehicle owners trying to avoid a new withholding tax from April 1. The month of March saw a record number of vehicle registrations with vehicle owners trying to avoid a new withholding tax from April 1. “This is the first time we have […]
Drop It
Shipping experts said the Ports Authority should give up owning and managing terminals and let port operators and shipping lines do that business. Shipping experts said the Ports Authority should give up owning and managing terminals and let port operators and shipping lines do that business. S. Premachandra, a former Ports Authority employee says the […]
Hallo Ko-ho-mada
Sri Lankan lovers can now say ‘I love you’ in Sinhalese or Tamil instead of pouring out their emotion through their mobiles in English Text.Sri Lankan lovers can now say ‘I love you’ in Sinhalese or Tamil instead of pouring out their emotion through their mobiles in English Text. Local language cell-phone applications are catching […]
Deaf Ears
Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans under mountains of subsidy payments. Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans […]
Thin Ice
Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent tsunami left behind Rs.15 bn worth of claims, a research analyst warned.Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent […]
More Pay
Sri Lanka’s labour ministry said Tuesday it wants women who are hired to work abroad as maids to be paid at least 150 dollars a month before it approves allowing them to take assignments. Sri Lanka’s labour ministry said Tuesday it wants women who are hired to work abroad as maids to be paid at […]
Don’t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. "Over 75 percent of large […]
‘t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. "Over 75 percent of large […]
Cash Crunch
The government’s overdue subsidy payments for fuel and flour had snowballed to a massive Rs.15 billion in addition to the Rs.27 billion in short term debt that’s crippling the CEB.The government’s overdue subsidy payments for fuel and flour had snowballed to a massive Rs. 15 billion in addition to the Rs. 27 billion in short […]