By Apsara Rodrigo in The Island, Dec 17, 2023There are indications of a growing mismatch between recruitment of Sri Lankan workers (supply) and global job vacancies (demand) in foreign employment, with increasing supply shortages – especially for skilled jobs, a World Bank report shows. “You have overseas workers that are sending remittances to Sri Lanka; however there is a difference in their skills,” Shobana Sosale co-author of the World Bank report, ‘Enhancing Skills in Sri…
Posts published in “Sri Lanka”
report in Daily FT, Dec 16, 2023-Re-elected SLPP leader Mahinda Rajapaksa tells National Convention party remains powerful and still is SL’s strongest political force—-Claims country’s youth have been deceived by a political group and have fallen prey to external and internal forces——Says there are concerted efforts to portray Rajapaksas negatively by blaming economic collapse on regimes led by them——–Pledges to deliver justice for party supporters who were harmed or had properties damaged on 9 May…
report in ECONOMYNEXT, Dec 13, 2023 at 4:24 pmSri Lanka is considering the introduction of legal provisions to retain suspects and accused persons under house arrest instead of remanding them, cabinet spokesman minister Bandula Gunawardena said Tuesday (12). “The congestion in the prisons has been a long-standing issue in Sri Lanka,” Gunawardena said at a press briefing to announce cabinet decisions. “Prisoner upkeep costs the government a great deal, paid for by the taxes we…
By Kelum Bandara in Daily Mirror, Dec 12, 2023Colombo, Dec.12 – In the wake of the organisations from countries such as Russia, China, Denmark and the United States proposing to invest in nuclear energy, Sri Lanka Atomic Energy Authority (SLAEA) has given the green light for nuke power, an official said. Russia which has already invested in nuclear power generation in Bangladesh and India in the region has shown a keener interest in putting up…
By Indika Sri Aravinda in Daily Mirror, Dec 12, 2023Colombo, Dec. 11 – Following the involvement of former Finance Minister Ravi Karunanayake, the government is likely to lift the ban on the cultivation of palm oil imposed by former President Gotabaya Rajapaksa when he was in power in 2021. Mr. Rajapaksa ordered the ban on the importation of Palm Oil into Sri Lanka and the cultivation of them locally in 2021. Mr. Karunanayake remarked to…
By Yohan Perera in Daily Mirror, Dec 11, 2023Colombo, Dec 11 (Daily Mirror) – The government faced headwinds in Parliament yesterday in its attempt to boost revenue by enacting a piece of legislation to reduce the VAT-exempted list from 138 categories of items to 97, a move that will have a two percent inflationary effect. The House was convened yesterday for a special session despite it being a Sunday, given the urgency to pass the…
report on EconomyNext, Dec 8, 2023 at 6:38 pmSri Lanka will seek more information on foreign ships visiting the island nation, Foreign Minister Ali Sabry said, following geopolitical concerns and questions raised over permitting Chinese research ships to dock in the Indian Ocean Island nation’s ports and do surveys. After the visit of two research ships within 14 months, China has sought approval from Sri Lankan authorities for another research ship early next year. India,…
report in The Island, Dec 9, 2023The government is planning to set up an independent Commission of Truth, Unity and Reconciliation through an Act of Parliament, the President’s Media Division has said. The concept paper for the draft legislation is being drafted in consultation with stakeholders and will soon be accessible for additional comments emphasising an inclusive approach to strengthen national unity through truth, transitional justice, reconciliation, reparation and social cohesion, the PMD has said,…
report on EconomyNext, Dec 8, 2023 at 7:57 pmSri Lanka’s Foreign Minister Ali Sabry criticized the stance taken by some Western nations on the human rights about Sri Lanka and blamed them for having double standards for political reasons. Sri Lanka is facing an international investigation through a United Nation Human Rights Council (UNHRC) into its human rights records amid allegations that its military committed war crimes in the final phase of a 26-year civil…
By Shamindra Ferdinando in The Island, Dec 8, 2023Foreign Minister Ali Sabry, PC, yesterday (07) said that the government could not do anything about the activities of ex-military officers overseas.Minister Sabry said so in response to The Island query whether the Sri Lankan law prohibited Sri Lankans from joining the armed forces of Ukraine. Three ex-military personnel including a former Special Forces officer serving with what is widely referred to as Ukrainian Foreign Legion aka…