- Last Update 2024-06-22 23:21:00
FTZ manufacturers oppose 60 year retirement age
The Free Trade Zone Manufacturers Association (FTZMA) on Tuesday was quick to respond to the government’s proposal to raise the retirement age in the private sector to 60 years, saying they were not in support of the plan.
The proposal is in the 2021 budget which was presented by Prime Minister and Finance Minister Mahinda Rajapaksa a short while ago in parliament.
In a letter addressed to the Labour Minister, the association noted that firms that are forced to retain workers for a longer than initially expected period may respond by decreasing their hiring of new staff that will aggravate youth unemployment that is currently at around 18 per cent.
Further it was noted that the EPF contribution will also be extended and the youth contribution to the EPF will fall.
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- June 20, 2024 - 386 - 0
The story behind the Kandy clock tower
I still remember the day of August 1947 floods, as it was the last school day at Kingswood College Kandy and the height the water soured. Water rose to the height of the Cross of the Chrurch at Getambe and the water was so high that it engulfed the Getambe Rajaponawarma Temple leaving only a few leaves of the Bo-tree visible.
- June 20, 2024 - 238 - 0
Court orders probe on alleged illegal assets gained by model
The Colombo Additional Magistrate has ordered the Criminal Investigations Department (CID) to investigate and submit a report over a complaint about the alleged illegal assets gained by model Piumi Hansamali.
- June 18, 2024 - 133 - 0
President calls for PSC to examine SC’s determination on Gender Equality Bill
- June 21, 2024 - 132 - 0
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