The new Employees Pensions Bill which has drawn the ire of employees, employers and trade unions, has been challenged in the Supreme Court by the Ceylon Bank Employees Union (CBEU) on a fundamental rights (FR) issue.
The government is likely to call it quits in a state-funded 450 million-rupee hotel project in Jaffna that continues to draw opposition from residents. This comes in the wake of a recent unrest staged in the area against the construction of the hotel in a very sensitive location in close proximity to the historic Nallur Kovil, Merchant Bank of Sri Lanka (MBSL) Chairman M.R. Shah told the Business Times.
