ECONOMYNEXT – A state ordered wage hike for tea and rubber workers will de-stabilize the sector by undermining a productivity linked wages aimed at boosting output, plantations managers said. In order to pay the mandated wage which amounts to a…
ECONOMYNEXT — A new political formation that includes businessman and media mogul Dilith Jayaweera’s Mawbima Janatha Party (MJP), MP Wimal Weerawansa’s National Freedom Front (NFF) and MP Udaya Gammanpila’s Pivithuru Hela Urumaya (JHU), among others, has been launched. The new…
ECONOMYNEXT – Sri Lanka’s unstable exchange rate is making it difficult for businesses to price output across time to foreign counter partes and widely expressed fears of future instability also dented investor confidence, a private entrepreneur said. Sri Lanka’s central…
ECONOMYNEXT – Sri Lanka’s unstable exchange rate is making it difficult for businesses to price output across time to foreign counter partes and widely expressed fears of future instability also dented investor confidence, a private entrepreneur said. Sri Lanka’s central…
ECONOMYNEXT – After working 11 years in Saudi Arabia as a driver, Sanath returned to Sri Lanka with dreams of starting a transport service company, buoyed by Gotabaya Rajapaksa’s 2019 presidential victory. However, the COVID-19 pandemic in 2020 and an…
ECONOMYNEXT – Sri Lanka will extend the CHEC Port City Colombo (Pvt) Ltd project completion date by two (2) years, cabinet spokesman Bandula Gunawardena said. The then Ministry of Megapolis and Western Development, Urban Development Authority and CHEC Port City…
ECONOMYNEXT – The Government of Japan will provide scholarships to study Master’s Degrees and Doctorate Degrees in HR to executive level officials in Sri Lanka’s public sector, cabinet spokesman minister Bandula Gunawardena said. “Japan has agreed to grant scholarships worth…
ECONOMYNEXT – Sri Lanka President Ranil Wickremesinghe has recalled a sermon from the Buddha about sacrificing for a better tomorrow, and called for unity to heal and rebuild the country, as Buddhists celebrate Vesak. Buddhists celebrate Vesak as commemorating the…
ECONOMYNEXT – The government is dedicated to addressing the challenges faced by the members of the Sri Lanka Ex-Servicemen’s Association and other retired government employees, President Ranil Wickremesinghe has said. “We will establish the Sri Lanka Institute of Strategic Studies,…
ECONOMYNEXT – The Colombo Stock Exchange closed up on Wednesday, data on its site showed. The broader All Share Index closed up 1.08 percent, or 131.87 points, at 12,348; while the S&P SL20 Index closed up 1.61 percent, or 58.18…
