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SOE restructuring focuses on market failures, not profits and losses: Shah - Business

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UNDP's Global Human Development Report launched in Sri Lanka - Adaderana Biz English

UNDP’s Global Human Development Report launched in Sri Lanka
January, 8, 2021
UNDP commits support to define and operationalize a national development plan underpinned by Green Development thinking
Report notes it is time for all countries to redesign their paths to progress by fully accounting for dangerous pressures humans impose on the planet
The Global Human Development Report (HDR) was launched this morning by the United Nations Development Programme (UNDP) in Sri Lanka bringing together a wide range of high-level participation from the Government, Public and Private sector, Development partners and Civil Society Organizations (CSOs).
The 30
th anniversary edition of the HDR 2020, titled ‘ ....

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Daily Mirror - Tourism industry says everything under control

Tourism industry says everything under control
31 December 2020 09:08 am
- 0
Says plans well in place for contingencies with the support of all stakeholders
Three Ukrainians tourists of pilot project test positive for COVID-19
SLTDA distances itself from the project; says it is handled by Tourism Ministry
By Shabiya Ali Ahlam
Stakeholders of Sri Lanka’s tourism industry yesterday assured that the ongoing pilot project carried out as a first step towards re-opening the country for tourists, is going ahead as planned despite some expected hiccups, for which appropriate courses of action has been planned out.
With the arrival of a charter flight from Ukraine on Monday (28), Sri Lanka re-opened its doors to tourists after nine months. ....

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Daily Mirror - FTZMA slams Labour Ministry's move to amend TEWA

HomeBusiness NewsFTZMA slams Labour Ministry’s move to amend TEWA
FTZMA slams Labour Ministry’s move to amend TEWA
21 December 2020 09:15 am
- 0
FTZMA says it will make companies liable to pay maximum 48 months salary for each worker terminated
Points out move will kill business and investments
By Shabiya Ali Ahlam
The Free Trade Zone Manufacturing Association (FTZMA) slammed the move by Ministry of Labour to amend the Termination of Employment of Workmen (Special Provisions) Act (TEWA), asserting that the proposed changes are detrimental to employers.
“We, the business community (members of FTZMA) categorically object to the proposed amendment, which makes well off very few workers at the expense of development of the country seriously damaging continuity of business, investment, generation of employment opportunities,” said the Association in a hard-hitting letter to Labour Minister Nimal Siripala De Silva. ....

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Daily Mirror - Upbeat Cabraal says exciting times ahead!

Pins hope on Colombo bourse to boost positive sentiment on economy
Says SL in “comfortable position” as far as external debt is concerned, despite rating downgrades
Says investments into Port City, Hambantota industrial zone will boost economic growth
By Shabiya Ali Ahlam
Despite the doom and gloom forecasts by global rating agencies and the second wave of COVID-19 reaching community level, the government is optimistic that the best is within reach.
Ajith Nivard Cabraal
According to Money, Capital Market and State Enterprise Reforms State Minister Ajith Nivard Cabraal, the government has been successful in coming up with some “exciting new trends”, a departure from what was witnessed when the previous regime was in power. ....

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