Category: General Services

Starting March, the National Lotteries Board will retail Sri Lankas first online lottery ldblquote Rapido dblquote through over 150 agents in the Western Province.Retailing at Rs 30 a piece with the chance of winning upto Rs 600,000 every fifteen minutes, NLB Chairman Mohan Wijesinghe says the new game will tap into the large segment of […]

Legislation to set up a Human Resource Endowment Fund is in the works, offering needy students stipends on a voucher scheme, for vocational training. rnThe US$ 40 mn Fund was mooted in the 2003 budget, with a proposal at the time to impose a levy on companies paying 30 percent of corporate tax.rn rnModalities are […]

The cream of Sri Lankas business community on Thursday, failed to come up with a pressure plan to get the warring political parties to see eye-to-eye.Businessmen expressed various opinions and ways and means of pressuring the President and the Government towards a continuation of the peace process.rn rnThe Joint Business Forum (JBiz) weighted the pros […]

Sri Lankas two giant industrial zones, Moratuwa–Ratmalana and Ja-Elaemdash Ekela, are in urgent need of a clean up endash in Ratmalana the ground water quality is so poor it cant even be used in garment washing plants without first being treated and certainly cant be used for cooking or drinking.Finitex – a garment washing and […]

The Commercial Bank of Ceylon and the Ceylon Bank Employees Union (CBEU) recently entered into a Collective Agreement pertaining to salaries and other perquisites offered to two categories of staff.According to the new agreement effective retrospectively from April 1, 2003, Junior Executive Assistants would receive a 15 per cent salary increase for the first year […]

Minimum take home pay for workers has been raised to Rs. 3,000 to keep in line with the government sector salary increment.So far, 12 sectors ranging from apparels to security trade have been ordered by the Wages Board to revise their salary structure with immediate effect, Labour Commissioner General, Mahinda Madihahewa said Friday.rn rnThe sectors […]

Laid off workers will not only be paid for past and future service foregone, by employers but will also get a government dole to go home. The government rubber-stamped a compensation formula to streamline worker lay-offs during restructuring, through a gazette notification on December 31, 2003.rn rnldblquote All private sector workers laid off before retirement […]

Capital market regulator SEC is holding back approval of Nawaloka Hospital IPO over the company decision to pre-allocate two thirds of the issue.SEC Director General told LBR they are talking to the company about its intention to pre-place Rs. 200 million worth of shares from its planned Rs. 300 million IPO.rn rnSEC Director General said […]

The Ministry of Labour announced on Thursday, that over 2,500 unemployed graduates are assured of permanent employment within the private sector under its Sarasavi Saviya programme.Sarasavi Saviya, a programme that re-trains and finds placements in the private sector for unemployed graduates, reported that within three months the programme had gone beyond its targets for one […]

The first steps in a million dollar deal to link small and medium entrepreneurs with European markets got off the ground late Wednesday.Initiated by European Industrial Services, the promoters hope to channel in around US$ 50 mn worth of investments through joint ventures or wholly owned subsidiaries.rn rnEuropean Industrial Services (EIS) has tied up with […]

Sri Lanka and Malaysia on Tuesday inked a special pact to allow more blue-collar Sri Lankan workers find employment in Malaysia. The two countries signed a Letter of Intent on Tuesday agreeing to initiate the required back end procedures.rn rnThe Letter of Intent, that follows fast on the heels of a Memorandum of Understanding (MoU) […]

Armed with four of the best, a newcomer research company is preparing to catapult Sri Lanka into 21-century number crunching. Independent Research, the local arm of a recently formed international partnership called Amba Outsourcing, arrived in Sri Lanka in September after checking out possibilities in India, Malaysia and the Philippines.rn rnNow, three months later, the […]