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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