Today’s Front Page 31-05-2011
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Pension mayhem
Katunayake Free Trade Zone closed today; Several thousand free trade zone workers aided by JVP clash with police over proposed Private Sector Pension Bill ; Nine police officers and around 40 workers injured; Live bullets and tear gas used; Govt. says garment workers exempt from Bill; Trade unions vow to continue until it’s withdrawn
Following protests by Trade Unions and a clash between the Katunayake Free Trade Zone (KFTZ) workers and the police, the SLFP Central Committee last evening decided to temporarily suspend the Private Sector Pension scheme.
Slow progress for Jaffna businesses
Yarlpanam Chamber president says finance issues still exist; most funds only for infrastructure projects
March records first $ 1 b + monthly exports milestone
March has produced a record US$ 1.057 billion in exports, an achievement which is a first of its kind in the country’s history, the Central Bank said yesterday.
It said earnings from exports in March 2011 increased by 59.5% year-on-year, to $ 1,057 million reflecting increases in all major categories of exports.
Hayleys MGT fraud suspects remanded
The prime suspects in the Hayley’s MGT Knitting Mills fraud case, which has been dubbed as the biggest fraud in a listed manufacturing entity, were remanded yesterday for two weeks by the Magistrate of the Mathugama Court.
IFC to enhance private sector investment portfolio
By Cheranka Mendis
A member of World Bank, International Finance Corporation (IFC) is anticipating an investment of USD 50 million to USD 70 million annually in Sri Lanka's private sector, its Head of Advisory Services for Sri Lanka and Maldives Pavil Vajda said.
Aitken Spence net profit tops Rs. 2.5 b mark with 23% growth
Propelled by strong growth in hotels and inbound tourism, Aitken Spence Plc’s net profit attributable to shareholders had risen by 23% to Rs. 2.5 billion in the financial year ended 31 March, 2011 from Rs. 2.1 billion a year earlier.
Newly restored Lloyd’s Building opens for business
The Central Bank of Sri Lanka (CBSL) wishes to announce the ceremonial opening of the refurbished Lloyd’s Building by Gotabaya Rajapaksa, Secretary, Ministry of Defence at the invitation of Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka on Wednesday, June 2011 at No.13, Sir Baron Jayatilleke Mawatha, Colombo 1.
Classic Travels appointed PSA for Indo Lanka Ferry Service
Classic Travels Ltd., subsidiary of Expolanka Holdings has been appointed as PSA Colombo District for the Indo Lanka Ferry Service between Tuticorin and Colombo.
This service is being facilitated under the auspices of the Ceylon Shipping Corporation who would overlook the complete operational aspects of this service.
Ministry of Finance and Planning Annual Report to President
The Annual Report 2010 of the Ministry of Finance and Planning will be officially handed over to President Mahinda Rajapaksa today (31 May) at the Ministry by the Secretary to the Treasury and the Secretary to the Ministry of Finance and Planning Dr. P.B. Jayasundera.
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