'Higher wages may push inflation'
An IMF staff mission led by Todd Schneider
commended the measures taken by the Government to create a conducive
environment for economic growth, good governance and transparency.
"We welcome the Government’s commitment to good governance,
increased transparency and financial discipline,"
Senior citizens confused over new FDs
Senior citizens have fallen from the frying pan
to the fire with confusion being confounded and the delay in
implementing the 15 percent interest rate scheme for senior citizens
pledged by the Government through its interim Budget.
Private helicopter operators cry foul
The private domestic air transportation sector
makes a salient contribution to the growth of the tourism industry.
However, its contribution is stifled due to the absence of a level
playing field for landing. Landing restrictions imposed in Colombo
and certain other locations for private helicopter operators has
Herbal gardens to boost indigenous medicine
The first mega scale ‘Osu Oyana’ herbal garden
will be set up in Kurunegala this month to develop indigenous
medicine, Health Minister Rajitha Senaratne said at the launch of
the fifth international indigenous healthcare exhibition ‘Ayurveda
'CIESOT belongs to Ceylinco Insurance employees '
The Supreme Court last week affirmed that the
Employee Share Ownership Trust of Ceylinco Insurance (CIESOT) is a
legal and a duly constructed trust belonging to the employees of
Ceylinco Insurance and that it is in accordance with the Trust
Ordinance of Sri Lanka.