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Sunday, 25 October 2015

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Visitors to the Pinnawala Elephant Orphanage take a snapshot of a pachyderm returning after a bath from the Ma Oya River. Local and foreign visitors flock in large numbers to the nursery and captive breeding ground to view the care and routine of elephants. Pic: Susantha Wijegunasekera

Budget 2016:

Price stability, public expectation

Sunday Observer Business and Finance spoke to a cross-section of the people to seek their views and expectations from the government’s first Budget which will be presented in Parliament on November 20. A farmer of Nochchiyagama said,

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Economic reforms difficult to implement - IPS

Sri Lanka’s fiscal constraints, the demographics of a contracting labour force and skill deficiencies suggest that a rise in infrastructure investment will spur growth only temporarily, Executive Director, IPS, Dr. Saman Kelegama told the launch of the IPS ‘State of the Economy Report 2015’ at the IPS auditorium last week.

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Plantation sector:

TUs want more time to study revenue sharing model

With the battle for a wage hike still raging, estate sector trade unions are not willing to accept the model proposed by the Regional Plantation Companies (RPCs). President, Ceylon Workers Congress, Muttu Sivalingam told the Sunday Observer,

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Increase in loan to value ratio for vehicle leasing:

‘Grave impact on environment’

The increase in the loan to value ratio for vehicle purchase is a good move as it would boost sales and revenue to finance companies, Assistant General Manager (Operations), Commercial Credit Finance PLC, Ayesh Pitigala told Sunday Observer Business.

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