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JAAF In Brainstorming Session To Tackle Electricity Hike

Industry Bills To Increase 20% By Paneetha Ameresekere There is at least one garment exporter who says that the industry will muddle its way through, the recent electricity hike notwithstanding, which however would result in electricity costs going up by 20%. “This is because, despite a possible cost increase in garments as a result, buyers’ [...]

Rumblings On Plantation Workers’ Wage Hike

By Camelia Nathaniel The recent plantation sector wage hike has run into trouble with the Plantation Trade Union Federation (PTUF) saying that estate workers are struggling to survive, as they are being paid far less than even an unskilled labourer. Plantation companies have flatly rejected a further hike saying that doing so would result in [...]

Rumours Drive Bourse Up

The bourse did make gains last week, but on sentiment, not on fundamentals, a market source told this newspaper on Friday (26). Such sentiment was driven by retail interest in penny stocks, he said, largely on rumours. The ASPI week on week had grown by 1.4% to close at 5,962.17 points; while the S&P SL20, [...]

CBSL Attempts To Tame Inflation

T-Bill Holdings Come Down By 18.1% By Paneetha Ameresekere Central Bank of Sri Lanka’s (CBSL’s) Treasury (T) Bill holdings which on a gross basis was Rs. 146,575 million last Friday (April 19), has since come down by Rs. 26,487.78 million (18.1%) to Rs. 120,087.22 million by  the week end (April 26), data showed. A decline [...]

Power Price Hike Heading To Court

By Mandana Ismail Abeywickrema The recent power price hike is set for a major legal wrangle with the main opposition political party in the country preparing to file action against it. Opposition parties are also planning to carry out continuous protest campaigns throughout the island against the electricity tariff hike. Leading the legal campaign is [...]

Danced On The Graves Of Dayan And Tamara

By Rajiva Wijesinha Once again following the vote in Geneva, which made clear how influential the United States of America was, and how comparatively friendless we were, there is talk of re-establishing relations with the West. Thankfully this year it has not taken the form of denigration of good relations with others, as happened last [...]

A Nation Battling For Survival

Families living in the red since 2006 By Mandana Ismail Abeywickrema Trade unions in the country have started to beat war drums against the government over the increasing cost of living and the decline in the people’s purchasing power. Economists warn that the fuel price hike in February coupled with the latest electricity tariff increase [...]

Destruction At What Cost?

Projects ward away the elephants from their natural habitat No Environment Impact Assessments (EIA) carried out for any of the project proponents By Nirmala Kannangara Startling revelations have come to the fore as to how thousands of acres of thick forest lands in Hambantota district are being destroyed for development. After clearing 2,000 hectares of [...]

Rupee Down

The Exchange Rate (ER) despite a wide corridor of 20 Sri Lanka cents (SLc) experienced between its “buy” and “sell” quotes towards the end of Friday’s trading, largely held on to its previous day’s figures due to moderate buying activity by the state, a market source told this newspaper. “If the state was an aggressive [...]

Workers Should Come Out And Agitate Against Govt – Dr Jayalath Jayawardena

What is needed is a well-organized, well-planned agitation Head of the UNP’s Jathika Sevaka Sangamaya (JSS) and parliamentarian Dr Jayalath Jayawardena says the rising cost of living is the result of the sins of the UPFA government that include bribery, corruption and inefficient management of finances. He observed that workers should come out and agitate against [...]

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