Category: Other
Looking Ahead
2003 will be an eventful year says commodity brokers Asia Siyaka.A round up of the year highlights key event in the tea industry. National Policy The Sri Lanka Tea industry could expect a very eventful year in 2003 with many significant domestic and intentional issues likely to have an impact on the market. The government […]
Small Change
Compensation as an alternative to reinstatement was removed from the amendments, one of the few changes made to the original amendments to four labour related acts proposed by the Ministry of Employment and Labour. The change was also in line with Union protests to remove the clause from the amendments.rnrnOther changes included time extensions for […]
Labour Law
A blueprint for the proposed social security net for redundant workers is in its final stages, with International Labour Organisation (ILO) consultants to submit their proposals by mid January.ldblquote The ILO consultants will submit their first draft proposal on the social security net programme. The draft will include alternate strategies for implementing the programme, dblquote […]
From E to C-commerce
Electronic commerce is making a splash in the apparel sector. Modern garment factories are sharing a lot of data with their suppliers and customers.Whats different is that there is very little human interaction in the whole process. E-commerce is also doing a lot more than simply saving money for these businesses.rn rnIt has become something […]
Bumper crop
Tea production is expected to touch the 308-mn kilo mark for 2002 brokers predict, given improved harvests in November the same year.For the eleven months ending November, crop intakes reached 281 mn kilos, up five percent on the 268 mn kilos the year before.If all goes as expected, crop intakes will surpass record levels of […]
Game GDP
The authors, Dr. Anila Dias Bandaranaike, D Wasantha and T M Z Mustaliph of the Central Banks Statistics Dept. have developed a methodology to compile provincial GDP numbers at current factor cost prices from 1996-2000. The present estimates are compiled with a one-year lag.rn rnProvincial shares of national GDP are important yardsticks to measure the […]
Funding The Old
The government will shortly send a call out for a chief executive officer to head a newly created office on Pension Reforms.Spearheaded by the Superannuation Reforms Taskforce under the Financial Sector Reforms Committee, the new pensions office will suggests methods to steer the reform programme through.rn rnThe mandate covers an entire gamut of reforms including […]
Courting The Beauty
Talk about beauty culture and you think of stuff like hair dos and make up. That is pretty much all that most salons in the city offer anyway.But a few are breaking this convention, giving some really wild and wacky offerings.They are also managing to draw in a whole new set of clients who are […]
Adding Muscle
The Central Bank tightened its hold over licensed specialized banks after the latest amendment to the Monetary Law Act was passed in Parliament.One clause gives the Central Bank power to appoint a liquidator and oversee the liquidation of a licensed specialized bank.rn rnNow Central Bank has virtually the same control over licensed specialized banks as […]
B2E: Only A Click Away
With the introduction of the Internet many companies automate their business systems and business ideas online. Transformation is taking place globally because; from the start it can provide its customers with the best mix of technology support and business insight. A good example would the booking method for doctors.rn rnNormally patients have to hang around […]
Monetary Twist
Central Bank staff was briefed last week on the latest changes that would affect monetary policy.rn rnSenior Central bankers were educating staff on the changes that will take place in the short-term money market with the introduction of Open market operations.rn rnOpen market operations will allow the Central Bank more control over the overnight market.rn […]