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Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled out on Wednesday. Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled […]
Wire Tapping
Sri Lanka Telecom (SLT) will tap some 70 MB of bandwidth from regional internet service providers (ISP) to substitute for capacity lost to its damaged undersea cable.Sri Lanka Telecom (SLT) will tap some 70 MB of bandwidth from regional internet service providers (ISP) to substitute for capacity lost to its damaged undersea cable. In a […]
Web Watch
The Health Ministry plans to bring in laws to mandate private medical doctors to maintain patient records. The Health Ministry plans to bring in laws to mandate private medical doctors to maintain patient records. The laws will be incorporated into an upcoming Private Medical Institutions Act, spelling out a hospital’s rights, duties and obligations towards […]
Rerouting
Sri Lanka Telecom says it will secure 40 MB of bandwidth by late Tuesday, to restore internet and international voice services partially after its main international link was damaged last Friday.Sri Lanka Telecom says it will secure 40 MB of bandwidth by late Tuesday, to restore internet and international voice services partially after its main […]
Hot Rod
A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. The proposed wage […]
Government to borrow over Rs. 52 bn from local market next month
The Central Bank is issuing US$ 55.25 mn development bonds, Rs. 9 bn worth of treasury bonds and rolling over Rs.37,589 mn worth of treasury bills in September.The Central Bank is issuing US$ 55.25 mn development bonds, Rs. 9 bn worth of treasury bonds and rolling over Rs. 37,589 mn worth of treasury bills in […]
Dizzy News
Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail fares, as the Treasury factors in ‘corrections’ to trim its subsidy budget.Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail […]
Sri Lanka’s traded deficit touched US$ 1.12 billion by June
Sri Lanka’s traded deficit touched US$ 1.12 billion by June, up from US$ 700 a year ago on higher imports of industrial goods and a hot fuel bill.Sri Lanka’s traded deficit touched US$ 1.12 billion by June, up from US$ 700 a year ago on higher imports of industrial goods and a hot fuel bill. […]
Back to USA
Government is reviving plans to use a controversial United States offer to find money for forest conservation.Government is reviving plans to use a controversial United States offer to find money for forest conservation. The Tropical Rainforest Act allows countries, which owe money to the US treasury to channel a part of it to a conservation […]
Bankers Parley
Ten years ago bankers focused on decentralizing their operations.Ten years ago bankers focused on decentralizing their operations. But now technology and customer demands are driving the industry to pay more attention on centralizing their business operations. “Now the trend is towards centralization. Most of the banks in Colombo are also for that kind of thing,” […]