EFC proposes five-day working week

The EFC has proposed a five-day working week for companies which require such a working arrangement to adjust to the drop in orders. Director General, Ravi Peiris said the proposal was made to provide flexibility for industries that need a shorter working week to make enterprises more productive and ensure reduction of cost of fuel and other overheads.

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New taxes:

Severe blow to ceramics industry

The survival of the ceramics industry hangs in the balance with huge tax burdens heaped on it amidst intensifying world recession, said immediate Past President, Sri Lanka Ceramics Council, Sunil Wijesinha.

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Western province catalyst for regional growth-WDR

Concentration of growth in the Western province encourages growth in lagging regions through economic integration, said the World Bank’s World Development Report (WDR) 2009, Reshaping Economic Geography.

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