Category: Economy

Teachers, principals vow to continue TU action Even though the Teachers’ and Principals’ Trade Union Alliance has temporarily withdrawn from trade union action, trade unions yesterday (25) staged islandwide protests from 2:00 p.m. after school hours. Ceylon Teachers Union (CTU) General Secretary Joseph Stalin said they will stage protests, awareness campaigns, etc., on 25, 26 and 27 October at 300 different locations islandwide.  Meanwhile, protesters who attempted to get into the North Western Province Governor’s Office and meet Governor Raja Collure were turned away. “We want to show our objections…

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Primary Grades resume classes today Primary sections of Government and Government-approved private schools will commence academic activities today (25). As part of the first phase, primary section of schools with fewer than 200 students began on 21 October. Under the second phase, health recommendations have been obtained to begin primary sections in schools with more than 200 children. As a result, the Ministry of Education is collaborating with Provincial Governors, Provincial Principal Secretaries, Provincial Secretaries of Education, Provincial Directors of Education, Zonal Directors of Education, Principals, and other education authorities…

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Sri Lanka expects US$1 billion FDI in this year despite pandemic: BoI Chief ECONOMYNEXT – Sri Lanka will receive around 1 billion US dollars of foreign direct investment in 2021 despite the Covid-19 pandemic and other disruptions, Board of Investment (BOI) chairman Sanajaya Mohottala said. Foreign Direct Investment has been on a falling trend since its record high of 1.8 billion US dollars in 2018 thanks to the sale of Hambantota port to a Chinese firm. FDI in 2019 fell to 793 million US dollars and last year it recorded…

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ECONOMYNEXT – A flight from Sri Lanka’s capital Colombo carrying politicians and monks will be the first to land at Kushinagar International Airport in India, which will be inaugurated by Prime Minister Narenda Modi. Kushinagar is the city where Buddhist believe Lord Buddha passed away known as Mahaparinirvana. The majority of citizens of Sri Lanka, which has an Indianized civilization, are Buddhists. “Kushinagar is considered to be a focal point of the Buddhist Circuit in India and the new international airport is likely to strengthen people to people interactions between…

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