Tag: lbo

The LTTE and government meetings are drawing up strategies to milk the world donor community to the maximum at the June donor conference.rn rnThe Cabinet spokesperson Prof. G L Peiris refused to put a quantum, but the government is looking at raising around US$ 600 million in medium term funds for national development projects.rn rnProf. […]

Change is in the offing to revamp a highly criticised public sector with a top-level Administrative Committee appointed by the Premier, pushing for a series of reforms.rn rnAmong the key changes being suggested is a re-look at salary structures for government workers endash the removal of upper salary limits and doing away with a uniform […]

The Board of Investment (BOI) is looking to trim up to 50 percent of its workforce with a voluntary retirement scheme doing its rounds among staff.rn rnFollowing the BOI Act that was passed in Parliament in December last year, the country quote s main investing arm is being restructured – split up into five Regional […]

A white paper on wide ranging reforms to support and strengthen the small and medium sector has moved from the drawing board to the government for approval. rnBacked by the Asian Development Bank, the reforms form the basis of a proposed national policy on SME quote s, with a draft action plan spread out over […]

Government projects are not always evaluated, and when they are the evaluations are not taken seriously.As a result failures are unaccounted for and future approaches unaltered. A national policy for evaluation of programs and organizations is expected to help. rn rnldblquote First of all a national Policy on Evaluation has to be done. A clear […]

The proposed Public Finance Act is to be pushed through to Cabinet as an urgent bill, as Parliament resumes work in the New Year. The new Bill raises financial reporting standards for public enterprises and gives legal backing to existing financial regulations.rn rnAs it exists, all financial regulations are compiled into a book of administrative […]

The government is to offer voluntary retirement to at least 10,000 state sector employees every year starting from 2003, as it plans to cut around 100,000 jobs in the clerical and lower grades.rn rnExecutives and higher grades will not be targeted for retirement, officials say. Officials say a detailed analysis of all government sector jobs […]

A lquote Reverse Fair quote kicked off Friday that attempts to forge links for subcontracting between small enterprises and five sector-specific industries, here and abroad.

A series of concerts by international artists is expected to put Sri Lanka on the centre stage in the global arena.rn rnThe Commerce and Consumer Affairs Ministry initiative will kick off in December with UB40, the UK based reggae band from the 1980s playing to a packed audience at the Parliament in Colombo. rn rnThe […]

The government is mobilizing an island wide network of private sector consultants to advise the Small and Medium Scale (SME) sector.rn rnAlready 300 private sector firms have signed up for the initiative, with the government working closely with the International Labor Organisation (ILO) to train new members. rn rnThe fee levying service is expected to […]

The Labour Ministry is campaigning several European countries for lquote job quotas quote to ease staggering unemployment levels and tackle illegal immigration head-on.rn rnDiscussions are already underway with Canada, Germany, France, Switzerland and several oil rich Central Asian countries where development and a demand for labour are just picking up.rnrnldblquote We have already begun talking […]