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Sri Lanka wages lowest in Asia – Oceania for managers, staff, Japanese firms find

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ECONOMYNEXTSri Lanka had the lowest wages in the Asia-Oceania region where Japanese companies operate, a survey by the Japan External Trade Organization has found.

Low wages were the advantage listed by most Japanese companies (60 percent) in the investment environment of the country.

The monthly basic salary (average) in Sri Lanka was the lowest in Asia Oceania for Manufacturing mangers, non-manufacturing managers, manufacturing engineers, non-manufacturing staff and manufacturing workers, the categories surveyed.

The survey was conducted in August to September 2023, when most companies reported that operating conditions were starting to improve.

More than 53 percent of the firms reported fewer linguistic/communications problem, and 30 percent of the firms had reported a good living environment for Japanese expatriates.

Ease of recruiting staff was reported by 26.7 percent, 32.3 percent said they faced challenges with human resources, which was also the lowest percentage in the Asia-Oceania region.

Sri Lanka has seen an exodus of skilled and unskilled workers after the latest currency collapse.

Sri Lanka’s rupee collapsed to 330 to the US dollar in 2022, after extreme macro-economic policy involving rate cuts on top of tax cuts, and the country defaulted on its external debt.

Since the end of a 30-year war Sri Lanka was hit by quick fire currency crises in 2012, 2015/16, 2018 on rate cuts enforced by inflationary open market operations including under ‘flexible inflation targeting’ which led to a build-up of foreign debt.



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President inquires into the well-being of soldiers at the Ragama “Ranaviru Sevana”

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President Anura Kumara Dissanayake visited the “Ranaviru Sevana” Rehabilitation Centre in Ragama this morning (19) and inquired into the well-being of military personnel receiving residential treatment there.

During the visit, the President engaged in cordial discussions with the soldiers and commended the sacrifices made by all of them in safeguarding the unity of the motherland.

Thereafter, President Dissanayake also held discussions with the medical staff, including doctors serving at the “Ranaviru Sevana” Rehabilitation Centre, and looked into the possibility of further improving medical and other welfare facilities available for the military personnel undergoing treatment.

Minister of Science and Technology Professor Chrishantha Abeysena, Deputy Minister of Labour Mahinda Jayasinghe, Secretary to the Ministry of Defence Air Vice Marshal Sampath Thuyacontha (Retired), Commander of the Army Lieutenant General Lasantha Rodrigo, Director of Ranaviru Services and Rehabilitation of the Sri Lanka Army Brigadier R.G.L.K. Weerakoon, and Chairman of the Ranaviru Seva Authority Brigadier Senarath Kohona (Retired) were among those who attended the occasion.

(PMD)

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Opp. alleges CIABOC tool in govt.’s hands

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An opposition grouping alleged yesterday (18) that the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) had become a political tool in the hands of the JVP/NPP to suppress the Opposition both in and outside Parliament.

Former Minister Prof. G. L. Peiris accused the CIABOC of fabricating cases against political opponents by manipulating those summoned. He tore into the institution, alleging that it drove people to suicide.

Addressing the media at the former President Ranil Wickremesinghe’s Flower Road office, Prof. Peiris alleged that former SriLankan Airlines CEO, Kapila Chandrasena, had been a victim of that despicable strategy. Director General of CIABOC, ex-High Court Judge Ranga Dissanayake, had warned Chandrasena of dire consequences unless the latter fully cooperated with the Commission, Prof. Peiris said.

Prof. Peiris emphasised the responsibility on the part of all concerned to examine Chandrasena’s affidavit regarding the intervention made by the Director General.

Chandrasena committed suicide while being on bail in connection with an investigation into the alleged USD 2 mn bribe to facilitate an Airbus deal during the second term of President Mahinda Rajapaksa.

Prof. Peiris alleged that the CIABOC Director General had taken control of the Commission and was pursuing an agenda inimical to the law. (SF)

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Over 5,000 military personnel promoted to coincide with 17th anniversary of victory over terrorism

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In line with the 17th National War Heroes’ Commemoration Day, which falls on 19 May, a total of 5,289 Tri Service personnel have been granted promotions to their next respective ranks in recognition of their dedicated service rendered to the nation, the Defence Ministry announced.

The National War Heroes’ Commemoration Day is commemorated annually on 19 May to honour and appreciate the invaluable sacrifices and exemplary service of members of the Tri Forces who contributed immensely towards restoring peace and safeguarding the sovereignty of the motherland.

Accordingly, these promotions have been awarded, based on the recommendations of the respective Service Commanders, and in accordance with the established administrative procedures of the Tri Forces.

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