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Labour Minister holds discussion on proposed private sector retirement age

Friday, 25 December 2020 01:17 -     Minister holds discussions with trade unions and EFC representatives Says those wanting to retire at 55 years should be allowed, but 60 made mandatory age of retirement Asserts EPF/ETF funds can be withdrawn by employees who choose to retire at 55 years Points proposal to increase retirement age due to high life expectancy rates EFC says employing workers after 55 years in some industries will be difficult Trade unions, EFC can submit proposals to Labour Commissioner for amendments to law Labour Minister Nimal Siripala De Silva   The Labour Ministry has initiated discussions with relevant stakeholders on the proposed amendments to the Employees’ Provident Fund (EPF) Act to increase the age of retirement in the private sector from 55 to 60 years.

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Employee-provident-fund
Employers-federation
Labour-minister
Labour-commissioner
Prime-minister-mahinda-rajapaksa

Pelwatte Dairy continues to extend support to dairy farmers

Friday, 25 December 2020 00:00 -     Calls for support from the relevant authorities Pelwatte Dairy Industries – the national leader in dairy and dairy products – stands in support of Sri Lankan farmers with regard to the ongoing Maha Oya land issue that has reportedly put the dairy farming community at stake. The company looks forward to having a sustainable strategy in place with the partnership and commitment of all stakeholders involved, thereby nurturing families, safeguarding cattle, and building the economy. Pelwatte Dairy Industries, as a company of immense social and economic value, has been offering its unwavering support towards dairy farmers and their families, the Sri Lankan economy, and the country as a whole. Dairy farmers have expressed their concerns regarding the restrictions imposed by the Department of Wildlife, Department of Forest Conservation and Mahaweli Authority that have reportedly brought the sector in this area to a standstill. In th

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Maha-oya
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Sri-lankan
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Mahaweli-authority
Department-of-forest-conservation
Department-of-wildlife

88.5% of revised export target met so far, says EDB Chief

Export Development Board (EDB) Chairman Suresh de Mel yesterday said the country has achieved 88.5% of the revised target of merchandised and services exports within the first 11 months of this year. ..

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Chairman-suresh-de-mel
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Sri-lanka-finance-news
Economy

CB gets tough; bans banks from buying ISBs for 3 months

The Central Bank this week took a tougher stance by banning banks from purchasing Sri Lanka’s International Sovereign Bonds (ISBs) for three months. ..

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Western
Sri-lanka
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International-sovereign-bonds
National-savings
Financial-times
Ft
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Daily-business-news

COVID-19 death toll rises to 185

Health authorities yesterday confirmed a COVID-19 death, which brought the total number of deaths to have occurred in the island due to the virus to 185. ..

Pimbura
Western
Sri-lanka
Department-of-government-information
Pimbura-base-hospital
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