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ASPI ends higher amid healthy turnover levels

The ASPI ended higher amid healthy turnover levels yesterday with most sectors witnessing advances. DIAL, Lanka Walltiles PLC and Lanka Aluminium Industries PLC led market activity with crossings also seen in HNB. Trading in Dialog amounted to 21% of total turnover. =Capital Goods was the most actively traded sector (+1.92%) =Diversified Financials was the best […] ....

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Bangladesh joins China, South Korea in bailing out SL

Bangladesh has joined China and South Korea by approving a currency swap to bail out Sri Lanka, which is facing its worst foreign exchange crisis, officials said Wednesday according to AFP. The central bank of Bangladesh on Tuesday approved a $ 250 million deal – its first currency swap – after Sri Lanka appealed for […] ....

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Sri Lankan estate workers protest against higher workloads and wage cuts

Sri Lankan estate workers protest against higher workloads and wage cuts
Demonstrations involving hundreds of workers have erupted at several tea estates in recent weeks against increased daily productivity demands and wage cuts.
In January, the Rajapakse government ordered plantation companies to pay a 1,000-rupee ($US5) daily wage (a 900-rupee basic payment plus 100-rupee allowance) to tea and rubber estate workers, starting from April. The government’s announcement was in order to dissipate the rising anger of plantation workers over their poverty-level wages.
Line rooms at Gartmore Estate [Credit: WSWS Media]
Regional Plantation Companies (RPCs) that manage the Sri Lankan estates opposed the increase and went to the courts to challenge the government’s decision. Conscious of the mass opposition of plantation workers, the appeal court approved the government pay directive. ....

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Ratnapura District to start more community based scout groups

Ratnapura District to start more community based scout groups
dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.

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CoA permits to proceed with petition challenging daily wage increase

CoA permits to proceed with petition challenging daily wage increase
CoA permits to proceed with petition challenging daily wage increase
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Colombo (News 1st); The Court of Appeal on Monday (05) permitted to take up for examination the writ application filed by 20 Plantation Companies challenging the government-issue gazette on increasing the daily wage of plantation workers to Rs. 1000/-.
Arguments will commence from the 05th of May, ruled the Court of Appeal.
In addition, the Court of Appeal permitted the petitioners to issue notice on the respondents mentioned in the writ application, which was called up in the presence of Court of Appeal President Arjuna Obeysekera and Justice Mayadunne Corea. ....

Sri Lanka , Justice Mayadunne Corea , Plantation Companies , Appeal President Arjuna Obeysekera , Justice Mayadunne , Minister Nimal Siripala De Silva , Labour Commissioner , Wages Board , Rubber Growing , Raw Rubber Manufacturing Trade , ஸ்ரீ லங்கா , தோட்டம் நிறுவனங்கள் , தொழிலாளர் ஆணையர் , ஊதியங்கள் பலகை , ரப்பர் வளர்ந்து வரும் , ரா ரப்பர் உற்பத்தி வர்த்தகம் ,