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Sunday, 28 April 2013

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The Madhu train on a trial run from Medawachchiya to the Madhu Road Station

Analysts decry new ME foreign labour regulations

The decision of the Gulf Cooperation Council (GCC) to pass a law to regulate foreign labour in member countries will be a blow to the country's economy as foreign remittances from Middle East countries play a crucial role in balancing the external sector of the economy, analysts said.

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SLI confident of 2012 profits

Sri Lanka Insurance (SLI) Group profits for 2012 will reach Rs. 12 billion achieved in the previous year, SLI Managing Director and CEO Mohan de Alwis said at the launch the SLI Motor Plus Loyalty Rewards scheme last week. He said that SLI performed exceptionally well last year despite stiff competition and a challenging business environment.

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Valaichchenai paper mill to reap profits

The Valaichchenai paper mill will begin to earn profits from next month. This achievement has been made possible after a lapse of 21 years, with production reaching 500 tonnes per month, said the Competent Authority of the National Paper Company Limited (NPCL), Mangala Senarath.

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Jobs, the cornerstone of development -WB

In developing countries, jobs are the cornerstone of development, with a payoff far beyond income alone. They are critical for reducing poverty, making cities work, and providing youth with alternatives to violence, said the World Bank's World Development Report (WDR 2013): Jobs.

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Trial train-run reaches Madhu Road Station

A trial run on the 43-km new railway track between Medawachchiya and Madhu Road was conducted recently. The rail track was reconstructed by Ircon International Limited, a government company under the Ministry of Railways of India. Project Director, Sri Lanka Railway, M.P.L.N Peiris, Team leader, CECB, M P De Silva and General Manager, Ircon International Limited, S L Gupta, undertook the trial run.

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Benefits of comparative law at post-graduate level

Most undergraduate level law programs focus on a particular system of law applicable to each area of the law. A basic understanding lays the foundation on which relevant statutory provisions and judgements can be understood and the knowledge gained can be used for routine work.

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