Category: Industry
Next Train
Railway authorities are looking for Rs. 15 billion from donors to lay a second track between Kalutara and Matara, improving its current service. Railway authorities are looking for Rs. 15 billion from donors to lay a second track between Kalutara and Matara, improving its current service. The second track will cut down delays currently faced […]
Called to Shore
Sri Lanka has asked the Asian Development Bank (ADB) to up a US$ 100 mn allocation to fund the Colombo south port to US$ 200 mn, nearly half of the estimated cost for the initial phase.Sri Lanka has asked the Asian Development Bank (ADB) to up a US$ 100 mn allocation to fund the Colombo […]
Fast Kill
Locals craving for fast foods, genetic disorders and pollution are tipped to make cardiovascular and asthma the next biggest ailment to hit Sri Lanka, an Indian drug maker said Wednesday. Locals craving for fast foods, genetic disorders and pollution are tipped to make cardiovascular and asthma the next biggest ailment to hit Sri Lanka, an […]
Tsunami destroyed hotels could bypass heavy compensation laws if they opt to layoff staff
Local hotels completely destroyed in the tsunami could plead a ‘frustrated contract’, to bypass heavy compensation laws and negotiate a settlement with workers.Local hotels completely destroyed in the tsunami could plead a ‘frustrated contract’, to bypass heavy compensation laws and negotiate a settlement with workers. The legal concept of frustration covers an external catastrophe, out […]
Call back
The telecom watchdog’s staff has taken the Regulatory Commission to court over a decision to reverse a salary increment given earlier this year.The telecom watchdog’s staff has taken the Regulatory Commission to court over a decision to reverse a salary increment given earlier this year. On Tuesday a case filed by three employee unions in […]
Laid Off
Plans to lay off private sector workers in Sri Lanka laid off, until the government works out how to finance unemployment insurance.Plans to lay off private sector workers in Sri Lanka laid off, until the government works out how to finance unemployment insurance. The Ministry of Labour gazetted its latest compensation formula to lay off […]
eNanny
BANGKOK, April 18 (AFP) – Child pornography on the Internet is surging and threatens to expose millions to sexual abuse if the IT industry and governments do not take urgent measures, warned a global campaign launched Monday.Children’s organisations in 67 countries have joined together to launch the “make-IT-safe” campaign. “It’s a growing problem, and it’s […]
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 […]
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 […]
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 […]