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Private provident funds existed in the private sector, with some companies contributing on a voluntary basis until 1958, when the Employees' Provident Fund was established by S. W. R. D. Bandaranaike following the enactment of the Employees' Provident Fund Act No 15 of 1958 which established the Employees' Provident Fund which made it compulsory for all employers and employees to contribute if ...
Associated Newspapers of Ceylon Limited is a public limited liability company incorporated in Sri Lanka in 1926 by its founder D. R. Wijewardena. 75% of its shares were Nationalized under the Associated Newspapers of Ceylon Limited (Special Provisions) Law No. 28 of 1973 and this stake is held by the Public Trustee of Sri Lanka on behalf of the ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka.It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
NewsFirst or News 1st is a Sri Lankan news organization owned by the Capital Maharaja Organization Ltd. [1] News 1st primarily broadcasts news, live on three TV channels (Sirasa TV, Shakthi TV, TV 1, five radio channels (Sirasa FM, Yes FM, Shakthi FM, Y FM and Legends FM), three websites in Sinhala, English & Tamil languages, and social media platforms (YouTube, Facebook, Twitter).
FTZ discontent still exists in parts of Sri Lanka today, and the Sri Lankan government still struggles to from a positive relationship with its FTZ workers. In 2018, workers at a glove factory in Katunayake, the same site of the 2011 protests, began protesting against FTZ unions for alleged labour abuses.
Poverty in Sri Lanka is 24.8% of the population as of July 1, 2024 [1] Sri Lanka's life expectancy and literacy rate are nearly on par with those of developed countries, and even top [vague] the rankings for the South Asia region.
The March 1960 election had left neither of Ceylon's two major parties with a majority, so another election was inevitable.. The Sri Lanka Freedom Party, which had been in disarray since the murder of its leader S.W.R.D. Bandaranaike the previous year, settled on his widow, Sirimavo, as its new leader.
William Gopallawa MBE (Sinhala: විලියම් ගොපල්ලව, Tamil: வில்லியம் கோப்பல்லாவ; 17 September 1896 – 31 January 1981) was a Sri Lankan politician and statesman who served as the last Governor-General of Ceylon from 1962 to 1972 and the first and only non-executive President of Sri Lanka from 1972 to 1978, when Ceylon declared ...